STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Johnson & Johnson posts mixed quarterly results, suspends vaccine forecast

For the first quarter of 2022, healthcare behemoth Johnson & Johnson (NYSE:JNJ) posted mixed results, having surpassed earnings but missed revenue expectations.

Peloton lowers prices for bikes and treadmills, stock falls

Last week, Peloton told subscribers that it would lower equipment prices in all markets and add content, disciplines, music, instructors, and new features across its products.

Ford inks deal for lithium supply, teases F-150 Lightning EV launch

On Monday, Ford Motor Co. announced its agreement to buy lithium from a Lake Resources NL facility in Argentina and later teased a launch date reveal for the highly anticipated F-150 Lightning electric truck.

Musk makes final cash offer of $43 billion to acquire Twitter

Billionaire Elon Musk has made a "best and final offer" to acquire 100% of Twitter and take it private in a deal valuing the social-media company at about $43 billion.

JPMorgan profit plunge amid geopolitical and economic challenges

On Wednesday, JPMorgan Chase & Co. reported a lower-than-expected quarterly profit, plunging 42% year-to-date amid rising inflation, a fresh wave of Covid-19, and Russia's invasion of Ukraine.

Shopify announces stock split to protect CEO's voting power

In a regulatory filing Monday, Canadian e-commerce platform Shopify, Inc. announced a 10-for-1 stock split and a new share class dubbed the "Founder share" for its CEO, Tobi LĂźtke, that will give the founder 40% of the total voting power.

Beyond Meat expands retail of chicken tenders, stock jumps briefly

Beyond Meat's stock rallied on Tuesday morning, gaining over 6% following news that the plant-based retailer is diversifying and pushing deeper into its chicken segment through new partnerships.

Apple poised for another stock buyback, Citi analyst sees potential

According to Citi analyst Jim Suva, Apple could announce an incremental stock buyback of $80 billion to $90 billion this month and likely raise its dividend by 5-10%.

Costco is on the rise amid strong March sales

Last week, Costo Wholesale Corp. enjoyed stellar results after the company reported revenues of $21.61 billion for March, representing an 18.7% increase year-over-year.

Walmart increases trucker pay, expands training program

To keep its supply chain running smoothly, a spokesperson for Walmart Inc. said the American retailer is increasing in-house truck drivers' starting pay to as much as $110,000 per annum.

5 Things to watch in this week's markets

Despite being a short week, the markets are set to be busy with inflation expected to hit fresh highs, while bank earnings are expected to decline.Here's what the watch in this week's markets:

Tesla celebrates new Giga factory in Texas at "Cyber Rodeo" event

To celebrate Giga Texas, Tesla Inc.'s newest factory in Texas near the Austin airport, CEO Elon Musk threw an elaborate party for more than 15,000 people Thursday night.

SoFi Technologies shares fall on lowered revenue guidance

Financial service provider SoFi Technologies Inc. lowered its revenue guidance for full-year 2022 on Wednesday after President Joe Biden postponed the suspension date of federal student loan payments.

Uber has ambitious plans to create a super-app for travel

On Wednesday, leading ridesharing and mobility company, Uber (NYSE:UBER), said it would add trains, buses, planes, and car rentals as transportation options for its customers in the UK later this year.

GM and Honda to jointly expand electric vehicles and technology

On Tuesday, General Motors Co. and Honda Motor Co. said they would collaborate on cost-effective plug-in technology to produce a series of electric vehicles.

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