US software company Oracle $ORCL released its 1Q 2024 earnings results. Reported revenue was almost in line with expectations, but investors were not happy with cloud revenue growth. The stock is weakening by more than 10% in the pre-market.
Earnings
Revenue of $12.45 billion represented an 8.8% year-over-year increase. Excluding currency changes, this would be an 8% increase on... Read more
I see the stock took a big hit. Double top and no breakout to the new one. Revenue is slightly below estimates. Investors here are probably more used to beating estimates.
Apple $AAPL is widely expected to unveil a new iPhone at its "Wonderlust" event on Tuesday, and if history is any guide, there may be no better time to consider buying the stock.
According to Morgan Stanley analyst Erik Woodring, Apple stock tends to outperform six months after the iPhone launch, but it moves in line with the market during the one to three months following the... Read more
Instacart is reportedly seeking a valuation of less than $10 billion at IPO
The Wall Street Journal reported on Sunday that Instacart is looking to achieve a valuation of under $10 billion in its upcoming initial public offering, far less than the nearly $40 billion it was valued at a few years ago.
According to the newspaper, Instacart is seeking a valuation of roughly $8.6... Read more
US firearms maker Smith & Wesson $SWBI has released earnings results for the first quarter of fiscal year 2024.
Results
Adjusted operating profit was $8.27 million. Adjusted EBITDA was $17.5 million and gross margin was 26.6%. The Company achieved an EBITDA profit of USD 15.7 million in the same period last year. USD.
Dividend
The Board of Directors approved a quarterly dividend... Read more
According to Morgan Stanley, this stock is a top pick in the clean energy market that could nearly double
According to Morgan Stanley, Bloom Energy Corp. $BE some promising opportunities.
The bank called this stock a top pick and reiterated its "overweight" recommendation on the stock. It also maintained a $29 price target, meaning the stock could jump 92% from where it closed on... Read more
The dollar held near a six-month high as nervousness about China and global growth affected risk appetite, while the yen strengthened as Japan's top diplomat sent a warning about the currency after it earlier fell to a 10-month low.
The yen strengthened as much as 0.4 percent to 147.02 per U.S. dollar after Japan's chief currency diplomat Masato Kanda said he wouldn't rule out... Read more
ARM HOLDINGS is gearing up for a spectacular initial public offering to test the market's interest in a major technology company. But its target valuation suggests it is resigned to not being the next Nvidia.
According to The Wall Street Journal, citing people familiar with the matter, British chipmaker Arm is seeking a valuation for its initial share offering on the Nasdaq... Read more
I was very interested in this company, but somehow I forgot about it, so thank you for reminding me. I'll have to take a quick look at the company and I'll definitely be following the IPO at least a little :)
The dollar fell on Monday, when U.S. markets were closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets that the Federal Reserve could be nearing the end of its monetary tightening cycle.
Against a basket of currencies, the dollar fell 0.1% to 104.14, but remained near a two-month high of 104.44 reached on Aug. 25. The index... Read more
The dollar has been relatively flat against the euro for some time now. Yes, there is some volatility, but the result is much the same. Once it bounced off parity, it's not that interesting, at least not this pair.
This week, investors' attention in the United States will be directed mainly to the Fed's Beige Book, the trade balance for July and the ISM in services. In Germany, for example, the CPI for August and industrial production for July will be published.
Trade balance in the US
On Wednesday, the trade balance for July will be available in the United States. The market is forecasting... Read more
This week is quite boring in terms of macroeconomic data in the US, but there is something there after all. It's going to be mostly on the current investor sentiment...
Chipmaker Broadcom $AVGO released 3Q results. Earnings came in above expectations, while revenue failed to surprise. Investors were disappointed by the 4Q outlook, expecting it to be higher due to AI.
Results
Semiconductor Solutions revenue was $6.94 billion, versus analyst estimates of $6.87 billion, and $6.62 billion a year ago.
Software infrastructure revenue was $1.94 billion,... Read more
The US labour market report will be released on Friday at 14:30. The report, released on the first Friday of every month by the U.S. Bureau of Labor Statistics, includes several exchange rate-forming macroeconomic data.
The most closely watched data is the change in jobs excluding agriculture. Other macroeconomic data tracked are the unemployment rate, the underemployment rate,... Read more
The 3M $MMM board approved a $6 billion (133.9 billion CZK) settlement to resolve claims that its earplugs caused hearing loss among veterans. With this approval, the company shut down analyst estimates that were higher than the final settlement amount.
People connected to the matter told The Wall Street Journal that the settlement will be paid over multiple years. Shares of 3M... Read more
California-based communications company Zoom reported results for the second quarter of fiscal year 2024. The results were above expectations and the company raised its outlook for fiscal year 2024. Analysts are positive on the results. Citi was expecting a stronger outlook and Piper Sandler is concerned about continued optimization and high competition.
Danish jewelry retailer Pandora reported 2Q 2023 results. Ebit and organic sales beat expectations and the company raised its organic sales guidance. The company also decided to expand its lab diamond sales into the US, UK and Canada.
2Q results
Organic sales grew by 5% against an estimate of 3.06%. Pandora achieved Ebitda of DKK 1.69bn against an estimate of DKK 1.7bn. Gross... Read more
I see the stock took a big hit. Double top and no breakout to the new one. Revenue is slightly below estimates. Investors here are probably more used to beating estimates.