STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Walmart falls sharply; poised to survive inflationary pressures

On Tuesday, Walmart cut its full-year profit forecast that missed Wall Street's expectations by a wide margin, sending shares tumbling 11.38%, the worst beat in nearly 35 years.

Carvana rises on profitability, on track for recovery

Shares of Carvana Co. were trading nearly 15% higher Monday after the company provided a ray of sunshine on how it intends to cut costs and generate free cash flow (FCF) following several dismal quarters.

McDonald's to exit Russia after 30 years, seeks buyer for stores

After serving the country for more than three decades, McDonald's Inc. has officially started a process to pull out of Russia, selling all its restaurants to a local buyer, the company said Monday.

5 Things to watch in this week's markets

Friday's end-of-week bounce in equity markets came following hopes that markets are near the bottom after a brutal slide. However, the tumble might not be over. Here's what to watch as we head into this week's markets:

Elon Musk puts his Twitter deal on hold in "bizarre" tweet

Elon Musk put his $44 billion Twitter deal on hold in his latest "bizarre" tweet that sent shares of Twitter sharply lower Friday morning.

Rivian maintains production forecast as supply chain challenges continue

On Wednesday, electric vehicle maker Rivian reported first-quarter revenues below Wall Street expectations and maintained its production forecast of 25,000 units for 2022.

Affirm soars 21% on profit beat, more room for growth?

Affirm Holdings Inc., the technology-driven payments network, reported better-than-expected revenue growth of 53.8% year-over-year to $354.8 million, topping estimates of $344.03 million.

Disney reports streaming growth but theme parks still take center stage

Walt Disney Co. reported subscription numbers for its Disney+ streaming service that were better than expected in the most recent quarter, avoiding the economic slowdown and broader market volatility.

Apple pulls the plug on iconic iPod but the music lives on

The iconic Apple iPod, which made its first debut over 20 years ago, is facing the end of the road after the company announced Tuesday it would phase out the last remaining model of the music player, the iPod Touch.

Sony announces booming profit; moves away from traditional hardware

Tokyo-based Sony Corp.'s fourth-quarter net profit surged 67% to $852.7 million from a year earlier, thanks to higher earnings from the game, music, and movie businesses, Sony said Tuesday.

AMC ticket sales soar as moviegoers return to theaters

(AMC) Entertainment Holdings Inc., the world's largest movie theatre chain, reported first-quarter sales more than five times higher than the year-ago period, which beat analysts' estimates as moviegoers return to theaters.

Uber warns of hiring slow down; shifts focus on profitability

According to a CNBC report Monday, Uber Technologies will scale back hiring and reduce expenditure on its marketing and incentive activities. The ride-hailing company becomes the latest to rein over a hiring slow down.

5 Things to watch in this week's markets

On Friday, the broader U.S. stock market averages fell across the board, while equity markets were roiled following the Federal Reserve's delivery of a widely expected half percentage point rate hike. With more market uncertainty in store, here's what you need to know to start your week.

Shares of Block rise on Strong Cash App momentum

Block shares were rising early Friday after the payments company said gross profit from its Cash App rose 26% and that overall consumer spending through April had not seen a decline.

eBay shares plunge despite quarterly results exceeding estimates

Despite posting quarterly results, which exceeded both internal and Wall Street estimates, eBay shares fell as much as 6% during extended trading Wednesday.

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