This July, Coinbase, Qualcomm, Adobe, Meta, and Airbnb are standout growth stocks. Each company shows strong financial health and strategic initiatives. Coinbase's robust revenue growth, Qualcomm's AI advancements, Adobe's AI and cloud focus, Meta's significant AI investments, and Airbnb's market expansion highlight their potential for substantial returns. These stocks offer promising opportunities for growth-oriented investors.
On Tuesday, shares of the cloud-based customer relationship management company, Salesforce, jumped around 9% in extended trading after posting a better-than-expected increase in fiscal first-quarter revenue.
During the COVID-19 pandemic, Zoom Video Communications' video-and-voice teleconferencing platform became a global sensation after meeting the needs of stay-at-home employees like no other company.
On Tuesday, Unilever PLC announced it would add Nelson Peltz to its board. following the news, shares of the consumer staple giant rose 10%.
Last week, Costco Wholesale reported fiscal 2022 third-quarter earnings that beat earnings per share and revenue expectations, bolstered by a record-breaking membership renewal rate.
Stellantis NV and Toyota Motor Europe NV said Monday they would expand their existing partnership to produce a new large-sized commercial van, including a battery-electric version for the European market.
Investors will be looking ahead to Eurozone inflation data, the ease of Covid restrictions in China, and Friday's non-farm payrolls as the turbulent month in equity markets are drawing to a close.
Graphics-chip maker Nvidia Corp. gave a muted sales outlook Wednesday as it posted record sales in Data Center and Gaming for the most recent quarter.
On Friday, Alibaba Group Holding Ltd shares soared in Hong Kong, extending the positive momentum from U.S. trading overnight as investors welcomed the company's better-than-expected earnings.
In premarket trading Friday, shares of Dell Technologies Inc. rose 12% after the company reported higher first-quarter sales and lower operating expenses.
Sony Group Corp.'s gaming division will ramp up production of its PlayStation 5 console, acquire more game studios and increase investment in additional offerings, its gaming chief said recently.
On Tuesday, Nordstrom raised its forecast for earnings and revenue for the coming year ahead of analysts' expectations, sending shares up nearly 10% in premarket trading Wednesday.
In an attempt to make up for its eroding share price, ride-hailing firm Lyft Inc. said on Tuesday that it would slow down hiring, reduce the budgets of some of its departments, and grant new stock options to some employees.
Shares of the social media company Snap Inc. plunged as much as 30% in extended trading Monday after warning that it may miss its second-quarter guidance and cut its revenue and profit forecasts below the low end of previous expectations.
Shares of VMware, the cloud-computing company backed by billionaire Michael Dell, rose 19% in premarket trading on Monday, following news reports that Broadcom Inc. is in talks to acquire the firm.
On Tuesday, Vacation rental firm Airbnb Inc. decided to vacate its Chinese operations amid stiff competition and strict lowdowns, joining a long list of Western internet platforms that have opted out of the China market.
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