Investment bank Morgan Stanley says there are signs of increased iPhone, Mac, and Services revenue for Apple, but it has cut its target price by $10. Apple Park One week after claiming that Apple has increased its June quarter iPhone orders, Morgan Stanley now says that there are also rises in demand for other devices. Specifically, in a note to investors seen by AppleInsider, its analysts say that Mac shipments have grown year over year, which contributes to a rising March quarter...
Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company's share price dropped about 92 percent during his tenure.
Advanced Micro Devices shares fell sharply in early Wednesday trading after
Shares of Eli Lilly (LLY) are soaring in Tuesday's trading session after the company raised its full-year guidance, driven by the surging demand for its offerings. BMO Capital Markets BioPharma Equity Research Managing Director Evan Seigerman joins the Morning Brief to discuss the stock's outlook. Seigerman notes that "demand is off the charts" for the company, and the raised guidance supports the bullish outlook. Despite missing on revenue, the company beat profit expectations, bolstering...
Disappointing readings on GDP and inflation helped tank equities.
Shares of Chipotle Mexican Grill (CMG) hit an all-time high today, climbing 7.35% to $3,142 in afternoon trading. The increase comes after the popular burrito chain reported first-quarter earnings Wednesday and outpaced analysts’ expectations in both earnings and sales. Shares now have risen by more than a third over the past year. The company announced that first-quarter revenue increased by 14% from a year ago to $2.7 billion, which was just above analysts’ expectations of $2.68 billion,...
The Securities and Exchange Commission (SEC) on Friday accused BF Borgers, the independent accounting firm for Trump Media & Technology Group, of conducting a “sham audit mill” and of committing extensive fraud. THIS IS A DEVELOPING STORY
Bitcoin prices slide alongside stocks amid wider market jitters. But now
AMD (AMD) stock is falling after the chipmaker posted stronger-than-expected Q1 results but provided Q2 guidance that was in line with expectations. Many investors likely expected the firm to benefit to a much greater extent from the AI boom. One analyst believes that AMD's AI revenue will surpass its guidance by a large amount. AMD (NASDAQ:AMD) stock is one of the top-trending names today, but the chipmaker’s shares are sinking about 7% in early trading. The stock is declining after the firm...
Berkshire Hathaway reported Saturday its first-quarter 2024 figures, revealing that most of the conglomerate's stock portfolio is focused on just five stocks.
Stocks went on a roller-coaster ride after Fed Chair Powell said interest rates were likely at a sufficiently restrictive level.
Stocks sold off sharply Tuesday as anxiety set in ahead of Wednesday's policy statement from the Federal Reserve.