Meta Platforms and Microsoft will kick off a much-anticipated week of quarterly results from big tech firms with their reports rolling out after-market hours on Wednesday, April 30.
Anthony Scaramucci revealed he unknowingly turned a $1,200 Microsoft investment for his son in 1992 into nearly $300,000, highlighting the power of long-term investing and forgotten assets.
Shares of exercise equipment company Peloton (NASDAQ:PTON)
jumped 6.4% in the pre-market session after Truist analysts upgraded the stock's rating from Hold to Buy, signaling renewed confidence in the company's turnaround efforts. In their note, the firm emphasized that more than three years after initially downgrading Peloton, they saw tangible improvements in the company's fundamentals.
Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
Big Tech's earnings this week could serve as a confidence booster amidst tariff worries, with bullish demand trends for Microsoft, Meta, Amazon, and Apple.
The ongoing dispute in Louisiana over who should bear the cost of new power plants required for Meta Platforms Inc. (NASDAQ: META) $10 billion data center is heating up.
U.S. stock futures are down in early-morning trade on Monday, after ending the previous week on a high note, with back-to-back sessions of strong rallies.
Coherent has gotten torched over the last six months - since October 2024, its stock price has dropped 33.4% to $64.20 per share. This might have investors contemplating their next move.
McCormick trades at $74.11 per share and has stayed right on track with the overall market, losing 5.4% over the last six months while the S&P 500 is down 5.4%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Industrial and commercial distributor Global Industrial (NYSE:GIC) will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR)
will be reporting earnings tomorrow afternoon. Here’s what investors should know.
Huawei is preparing to test its most powerful AI chip, the Ascend 910D, aiming to rival Nvidia's top processors and reduce reliance on U.S. technology amid ongoing sanctions.
