STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
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.

Coca-Cola is mixing it up with Jack as the broader market tumbles

While the S&P 500 Index sank into a bear market on Monday, with investors fearing that the Fed will need to hike interest rates more aggressively to fight inflation, Coca-Cola was the last one standing with what seems to be a knockout punch.

Nio falls on outlook, but Valuation upside remains attractive

Last week, Chinese electric vehicle maker Nio reported disappointing first-quarter results, having lost $281.2 million, broader than the $68.8 million it lost a year ago.

Disney's board shows support in its latest CEO shake-up

In a surprise shake-up Thursday, Disney abruptly fired top television executive Peter Rice just months after renewing his contract.

Ford to invest $3.7 billion in EV, gas-engine production amid strong demand

In an effort to expand vehicle production, Ford Motor Co. said Thursday it plans to add 6,200 union manufacturing jobs and invest $3.7 billion into plants in Michigan, Ohio, and Missouri.

Intel gives discouraging update on macro environment, freezes hiring

Intel is joining other companies in reassessing priorities amid global economic uncertainty as it adjusts near-term spending plans.

Spotify plans to reach 1 billion subscribers by 2030, shares rise

At the company's recent Investor Day, music streaming service Spotify said it expects revenue to increase tenfold in the coming decade.

Apple to announce iPad changes, including making it more like a laptop

Next week, Apple Inc. is expected to announce significant changes to the iPad's software which will likely morph the tablet into more of a computer and less of a phone, according to people familiar with the matter.

GameStop reports a mixed bag of earnings results, shifts to NFTs

On Wednesday, GameStop reported mixed first-quarter results as the video game retailer pivots toward a more online-focused model and shifts to cryptocurrencies and nonfungible tokens.

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