G Squared’s chief investment officer Victoria Greene says investing in Super Micro Computer Inc (NASDAQ: SMCI) on the post-earnings decline is like “catching a falling knife.”Earlier this week, the AI server company reported 30 cents a share of earnings for its fiscal third quarter, sharply below expectations of 54 cents.SMCI’s…
In a sharply critical ruling with potentially far-reaching consequences, a federal judge has found Apple Inc. in violation of a previous court order aimed at opening up its App Store to alternative payment methods. The judge mandated that Apple cease charging commissions on purchases made outside its proprietary system and…
Qualcomm Inc’s (NASDAQ: QCOM) commitment to diversify its revenue beyond smartphone demand will help unlock significant upside in its stock price moving forward, says Samik Chatterjee, a senior JPM analyst.Qualcomm reported better-than-expected earnings for its fiscal second quarter last night but issued cautious guidance for the future.Still, Chatterjee continues to…
The Rolls-Royce share price held steady on Thursday after the company published its financial results and reiterated its forward guidance. It was trading at 765p on Thursday, much higher than last month’s low of 557p. This article explores whether the Rolls Royce stock will keep rising and hit 1,000p this…
London’s FTSE 100 index is expected to open higher on Thursday, looking to extend an impressive winning streak, while most other major European stock exchanges remain closed for the May 1 public holiday. Trading activity across the region will consequently be subdued, placing the UK market firmly in the spotlight.Despite…
Lloyds share price is hovering at its highest level in over 17 years as the British bank’s performance continues doing well. It was trading at 72p on Thursday after publishing its first-quarter results, which revealed that its lending performed well despite signs of weakening in the economy. Lloyds Bank had a…
Starbucks Corp (NASDAQ: SBUX) Q2 financials are not at all indicative of how the company’s “Back to Starbucks” strategy has been proceeding in recent months, says Brian Niccol, the chief executive of SBUX.In a post-earnings interview with CNBC, the industry mogul said Starbucks is finding tremendous success with its ongoing…
Investor sentiment towards most Asian currencies has turned increasingly positive, with market participants ramping up bullish positions as the US dollar continues to grapple with pressure stemming from uncertainty surrounding President Donald Trump’s trade policies, a Reuters poll revealed Thursday.The fortnightly survey, encompassing the views of 10 analysts and fund…
Asian equities traded with limited direction on Thursday, May 1, as traders in Japan and Australia reacted to overnight turbulence on Wall Street sparked by soft US GDP data. Concerns over a potential recession in the US economy set the tone for a choppy session, with trading volumes across the…
Robinhood Markets Inc (NASDAQ: HOOD) is destined to go higher from here since there wasn’t “anything not to like” in its Q1 earnings release, says Dan Dolev, a senior Mizuho analyst.HOOD ended its first quarter with 14.4 million monthly active users, which was actually down from 14.9 million at the…