Chipotle Mexican Grill, Inc. (NYSE:CMG) stock just recorded a new all-time high of $3,199.99 during trading on April 26. Stellar Q1 Earnings Wins Praise From Jim Cramer The stock has positive momentum since the end of October 2023. Over the past six months, Chipotle stock was up over 75%. It kept momentum into 2024 with […]
Mobileye Global Inc (NASDAQ:MBLY) reported a 48% year-on-year revenue decline for the first quarter. According to Morgan Stanley, the stiff competition and the unexpected downturn in electric vehicle (EV) adoption limits Mobileye’s TAM (total addressable market) through 2030. The Mobileye Global Analyst: Adam Jonas downgraded the rating for Mobileye Global from Equal-Weight to Underweight. He […]
Benchmark analyst Mark Miller upgraded Western Digital Corp (NASDAQ:WDC) from Hold to Buy and a $85 price target. Miller said Western Digital produced significant upside results, driven by improving flash pricing and nearline drive sales. He noted continued improvements in NAND pricing and Nearline sales as 2024 progresses. Also Read: Western Digital Poised For Breakout, Analyst Sees 10% Estimate Beat And Powerful […]
Snap Inc (NYSE:SNAP) shares were climbing Friday after the company reported higher-than-expected earnings for its first quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Goldman Sachs On Snap Analyst Eric Sheridan reiterated a Neutral rating while raising the price target from $13.50 to $16. Snap […]
Boyd Gaming (NYSE: BYD) came out with quarterly earnings of $1.51 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.82%. A quarter ago, it was expected […]
Exxon Mobil Corporation (NYSE: XOM) reported first-quarter 2024 earnings per share of $2.06 (excluding identified items), which missed the Zacks Consensus Estimate of $2.19. The bottom line also declined from the year-ago level of $2.83. Total quarterly revenues of $83,083 million missed the Zacks Consensus Estimate of $86,599 million. The top line also deteriorated from the […]
Shares of major U.S. energy companies experienced widespread declines in the first hour of trading on Friday, subsequent to the recently released subdued earnings reports from oil giants Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX). The Energy Select Sector SPDR Fund (NYSE:XLE), a gauge for energy sector performance, experienced a 1.7% drop, setting it […]
Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had emerged from Thursday’s data. Although the latest PCE inflation report signaled higher-than-expected annual readings, they failed to meaningfully impact on already low expectations for Fed rate cuts. […]
FirstEnergy (NYSE: FE) reported first-quarter 2024 operating earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 53 cents by 3.8%. However, the bottom line decreased 8.3% from the year-ago quarter’s figure of 60 cents. Total Revenues Operating revenues of $3.29 billion missed the Zacks Consensus Estimate of $3.36 billion by 2.04%. […]
Google’s parent company, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), made waves in the stock market with a more than 10% surge in after-hours trading on Thursday, and an 11.95% surge in pre-market trading on Friday. The announcement of its first-ever dividend and a $70 billion buyback program fueled the enthusiasm. Google’s Q1 Earnings Smashed Estimates The rally […]