STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Home Depot raises profit outlook on steady demand, shares climb

Atlanta-based home improvement retailer Home Depot reported first-quarter earnings that topped expectations and raised its full-year profit forecast.

Shopify shares are surging on Crypto.com expansion

Earlier this week, Crypto.com, a popular cryptocurrency platform based in Singapore, announced that Shopify merchants are now able to activate Crypto.com Pay on their online storefronts.

5 Things to watch in this week's markets

Disappointing results from major retailers last week rattled markets already hit by uncertainty over inflation, rising interest rates, geopolitical uncertainty and the prospect of recession. Here's what's ahead of this week's markets:

Under Armour announces unexpected departure of CEO

Early this week, athletic apparel maker Under Armour announced the imminent and unexpected departure of its chief executive officer, Patrik Frisk.

Cisco spooks investors on bleak outlook; shares plunge

Cisco Systems Inc. spooked investors Wednesday after generating lower quarterly revenue than analysts expected, sending shares down by as much as 17% in extended trading.

Tesla removed from S&P500 ESG Index, Musk and others are furious

The S&P 500 removed electric vehicle maker Tesla from its ESG Index, with the changes taking effect on May 2. In a blog post published on Wednesday, a spokesperson for the index explained why they made the changes.

Mastercard pushes its way into the metaverse with facial recognition rollout

Mastercard announced Tuesday it is testing new facial recognition methods to do away with actual credit cards as part of a push toward doing business in the metaverse.

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.

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