STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Deere raises annual profit forecast after quarterly earnings double

Buoyed by healthy farming fundamentals and rising spending on infrastructure projects, Deere & Co raised its annual profit forecast last week after its quarterly income more than doubled from a year earlier, far outweighing Wall Street estimates.

STOCK ANALYSIS: Can Spotify handle a price war?

A fortnight ago, Spotify announced its quarterly results for the fourth quarter of 2022. The figures missed analyst expectations and caused an upward move in the stock. Nevertheless, Spotify in general is still in turbulent waters and just recently announced that it is laying off 6% of its employees worldwide. Is danger lurking around the corner or does the future look bright?

DoorDash sales climb as consumers spend more on food deliveries

As consumers spend more on deliveries of food and house essentials, DoorDash reported revenue of $1.82 billion, up 40% year-over-year, during Thursday's fourth-quarter earnings results.

Roblox shares surge the most in nine months on solid earnings

Shares of video game platform Roblox climbed a staggering 26% on Wednesday, the most in nine months after the company reported bookings that topped estimates, fueled by a boom in playtime over the holiday season and a climb in active users.

Shopify's sales outlook comes in short of expectations, shares drop

After giving a sales outlook for the beginning of the year that fell short of analysts' expectations, Shopify Inc. shares headed about 11% lower in after-hours Wednesday.

STOCK ANALYSIS: Did Intuit Inc's stock price tank too much in 2022?

Intuit Inc (INTU)'s share price had to slump by a whopping 39.22% over the past year, partly due to the generally declining tenor within the technology sector. But what is going on under the surface of this stock?

Airbnb shares jump 12% on strong revenue outlook, resilient travel demand

Shares of Airbnb Inc. jumped as much as 12% in extended trading Tuesday after the travel giant gave a better-than-expected outlook for revenue in the first quarter, signaling that travel demand remains robust even after a record year for growth in 2022.

Amazon's robotaxi unit, Zoox succesfully test self-driving on public roads

On Monday, Amazon saw its shares climb after the company reported the successful test of its autonomous vehicle unit Zoox, now driving on public roads in California with passengers on board.

Toyota unveils changes to management as it shifts to electric future

As Koji Sato prepares to take over as chief executive, Toyota Motor Corp. unveiled several changes to its senior management, improving the carmaker's strategy and messaging to shift to an electric future.

Shares climb as PayPal earnings beat, announce CEO to retire

Shares of PayPal Holding Inc. rose 2.3% in after-hours trading after the payments fintech beat expectations for quarterly earnings and announced CEO Dan Schulman's plans to retire at the end of 2023.

Disney plans to reduce workforce by 7,000 employees in latest cost-cutting

Following Walt Disney's earnings beat that pushed the company's stock higher in after-hours Wednesday, Iger announced plans to reduce its workforce by 7,000 employees and cut costs by $5.5 billion.

Bed Bath Beyond lines up funding from Hundson Bay in stock sale plan

On Tuesday, Bed Bath & Beyond announced a share sale of more than $1 billion, hoping it'll stave off bankruptcy and liquidation, following which Hudson Bay Capital Management became the anchor investor.

Activision Blizzard beats sales estimates, steering the wheel for game makers

Entering the earnings cycle and coming off a series of high-profile releases, including "Call of Duty: Modern Warfare II" and several other big titles, expectations were high for Activision Blizzard.

Apple sales plunge amid production woes, but worst is over

Citing manufacturing disruptions in China and a softening economy that hurt iPhone sales, Apple reported its worst December quarter performance in four years on Thursday.

BP joins peers, posting record profits amid soaring oil-and-gas prices

On Tuesday, Oil major BP joined its peers by cashing in on soaring oil and natural gas prices since Russia's invasion of Ukraine, posting a record profit of $28 billion in 2022.

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