STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
FedEx shares gain as earnings beat estimates despite revenue miss

Lifted by price increases and cost-cutting that helped make up for package volume decline, FedEx Corp. reported fiscal second-quarter earnings that beat analysts' expectations.

Activision Blizzard climbs on Bloomberg report Microsoft is 'ready to fight' FTC

Following a Bloomberg News report that merger partner Microsoft is "ready to fight" to complete its acquisition of the video game maker, shares of Activision Blizzard gained 3% in pre-open trading Monday.

Nike clears through inventory pile-up in better-than-expected earnings results

Lauding its success in clearing through a hefty inventory pile, Nike on Tuesday reported quarterly results that easily topped analyst expectations while raising its guidance.

Adobe stock climbs on earnings and guidance exceeding estimates

On Thursday, Adobe announced fourth-quarter earnings and gave guidance that exceeded Wall Street estimates. While the stock is down 42% so far this year, shares of the software company rose 6% in extended trading following the results.

Disney shares drop on disappointing opening weekend for Avatar sequel

Walt Disney shares fell 4.8% on Monday following a disappointing opening box office weekend for James Cameron's "Avatar: The Way of Water."

Goldman Sachs plans to cut thousands of jobs, sources say

In the latest sign that staff layoffs are accelerating across Wall Street, a source familiar with the matter said Goldman Sachs Group Inc. is planning to cut thousands of employees to navigate a challenging economic environment.

Warner Bros. Discovery expects restructuring charges to reach $5.3 billion

As Warner Bros. Discovery tries to pare down operations, the company on Wednesday said it expects to face charges as much as $5.3 billion related to its acquisition of AT&T's WarnerMedia.

United Airlines orders 100 Boeing Dreamliners as airliner returns to profitability

In the biggest order by a US carrier for wide-body jets, United Airlines Holdings Inc. said it would buy 100 of Boeing Co.'s 787 Dreamliners with options to purchase an additional 100.

Moderna and Merck shares climb on mRNA Melanoma Vaccine

On Tuesday, shares of Moderna Inc. and Merck & Co. rose after the two companies said a potential mRNA vaccine they are developing helped reduce deaths in melanoma patients.

Elon Musk unloads more than $3.5 billion worth of Tesla shares

In a week when Tesla's CEO lost his title as the world's wealthiest man on Bloomberg's ranking, Elon Musk unloaded more than $3.5 billion worth of shares over three days, a regulatory disclosure revealed Wednesday.

Oracle gains on strong revenue that beat the company's own guidance

On Monday, shares of Oracle Corp. climbed as much as 4% after the software company posted second-quarter revenue nearly $200 million above its own guidance.

Microsoft agrees to 4% stake in London Stock Exchange Group

On Monday, US tech giant Microsoft agreed to take 4% ownership of the London Stock Exchange Group and shift the exchange's financial data platform onto the tech giant's cloud computing platform.

Broadcom shares rise on solid quarterly earnings and strong outlook

Chipmaker Broadcom Inc. reported solid fiscal fourth-quarter earnings, with EPS of $10.45 coming in better than Wall Street estimates of $10.28, indicating that demand from the data center industry and corporate customers remain strong.

Carvana plunges amid bankruptcy fears, analysts predict its a $1 stock

Shares of Carvana drastically plunged on Wednesday following news that the online car retailer signed an agreement with its largest creditors to act together in negotiations with the company.

GameStop reports biggest quarterly drop in latest earnings report

On Wednesday, meme stock GameStop reported its steepest quarterly drop in revenue, missing Wall Street projections as the gaming retailer continues efforts to boost digital purchases and turn its business around.

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