STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Salesforce raises profit forecast, climbs 9% on solid perfomance

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.

Zoom regains investor optimism; a good time to buy

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.

Nelson Peltz moves to Unilever to give it a P&G revamp

On Tuesday, Unilever PLC announced it would add Nelson Peltz to its board. following the news, shares of the consumer staple giant rose 10%.

Costco delivers earnings beat; not raising any fees despite inflation

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 expands partnership with Toyota in long-term strategy push

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.

5 Things to watch in this week's markets

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.

Nvidia posts record sales in data center and gaming

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.

Alibaba surge in Hong Kong after strong earnings beat

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.

Dell's earnings crush estimates on strong PC and enterprise demand

In premarket trading Friday, shares of Dell Technologies Inc. rose 12% after the company reported higher first-quarter sales and lower operating expenses.

Sony to ramp PS5 sales, buy more game studios, grow live services

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.

Shares of Nordstrom climb on full year outlook and strong first-quarter sales

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.

Lyft acts responsibly; joins rivals in slowing down hiring

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.

Snap falls sharply after profit warning, drags rivals with it

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 jump on Talks of Broadcom takeover

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.

Airbnb quits business in China amid competition and lockdowns

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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