STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Amazon celebrates Prime members exclusivety with its stake in Grubhub

In a deal that gives the e-commerce giant the option to acquire a stake in the company, Amazon agreed to add Just Eat Takeaway.com NV's Grubhub to its suite of Prime services in the U.S.

Tesla under pressure over staff related matters

On Tuesday, CEO Elon Musk of Tesa said the electric vehicle maker would be cutting its salaried workforce by 10% over the next three months.

Micron shares lower as guidance disappoints, weaker consumer demand

Shares of the leading supplier of memory and storage chips, Micron, fell 5.8% in Friday trading after the company reported better-than-expected fiscal third-quarter results, but guidance missed analyst views.

FedEx's new CEO outlines bold profit growth; pressure to deliver is on

This week, shipping giant FedEx Corp. told investors it would boost sales and profit by targeting "high-value" customers and improving efficiency.

Morgan Stanley and other U.S. banks raises dividend payouts

On Monday, one of America's largest banks, Morgan Stanley, said it would increase its quarterly dividend payouts on its common stock to 77.5 cents a share, up 11% from last year's payout of 70 cents.

Pfizer signs new deal with U.S. govenment; analysts weigh in on FDA ruling

As the first company to introduce a COVID-19 vaccine, the pharmaceutical behemoth Pfizer in partnership with BioNTech, said Wednesday they had signed a $3.2 billion deal with the U.S. government for 105 million doses of their vaccine.

Pinterest share climb as CEO steps down, Google exec takes over

Shares of Pinterest Inc. climbed more than 5% in late trading Tuesday after the social media company said its longtime CEO and co-founder Ben Silbermann is stepping down from his role effective Wednesday.

Meta Platforms loses COO anchor Sheryl Sandberg

On Wednesday, Sheryl Sandberg announced that she would be stepping down from her role as Chief Operating Officer of Facebook parent Meta Platforms after serving the company for 14 years.

Nike announces Russian exit prior to earnings results

Heading into this week's markets, athletic footwear and apparel maker Nike Inc. will release its fourth-quarter earnings results on Monday after the market close.

Shopify shares pop as it teams up with Twitter

Earlier this week, Twitter announced that Shopify's merchant customers would be able to connect their Twitter accounts to their Shopify accounts.

Roku shares jump after analyst predictions, all eyes on Netflix

On Tuesday, Roku shares jumped 8% after an analyst at Needham outlined reasons she thinks the company can benefit from Netflix's planned push into selling ads.

Meta Platforms invests heavily in metaverse and AI across businesses

On Wednesday, CEO Mark Zuckerberg of Facebook parent, Meta Platforms, told CNBC's Jim Cramer that the defining trait of the metaverse is the ability to feel a sense of presence.

Amazon outperforms market gains on Prime Day announcement

At a time when the company is dealing with a slowdown in online shopping, Amazon announced last week that its big annual sale, Prime Day, will return for two consecutive days on July 12 and 13.

Adobe Q2 revenue beats expectations, but guidance was disappointing

In late trading Thursday, Adobe stock lost ground after the provider of software for creativity provided softer-than-expected guidance for both its current quarter and full fiscal year.

Coinbase to lay off 18% of workers after plunging on looming crypto winter

On Tuesday, Coinbase Global Inc. added to a further wave of reckoning through the cryptocurrency industry after the company said it would cut almost a fifth of its staff.

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