Advanced Micro Devices, Inc. reported record first-quarter revenue and non-GAAP net income that comfortably beat estimates. The chipmaker’s results reflected across-the-board strength, led by higher Ryzen and EPYC processor sales and solid semi-custom revenue. The company raised its full-year revenue guidance, citing strong contributions from Xilinx and server and semi-custom segments. AMD’s Key Q1 Metrics…
AMD Reports Record Performances All Around in Beat-And-Raise Q1, Stock Rallies
Pfizer Stock Flies Higher Following Q1 Earnings Print: Here’s What to Watch for Next
Pfizer, Inc shot up over 3 percent on Tuesday after printing its first-quarter earnings before the market open. The pharmaceutical giant reported adjusted earnings per share of $1.62, which beat the consensus estimate of $1.50. Pfizer reported sales of $25.70 billion, beating the $23.95 billion estimate. $13.2 billion of Pfizer’s sales came from its COVID-19 vaccine….
Elon Musk’s Mom Says Stock Surge Paid for Him to Move to Canada
Tesla Inc CEO Elon Musk’s investment advice to his Twitter followers on Sunday drew a financial anecdote from his mother Maye Musk as well. What Happened The 74-year-old Maye, a former model, shared her first stock story from over five decades ago when she won 100 rands in a beauty competition in South Africa. She…
Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries
Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates. Amazon.com Inc. tumbled 14.05 percent in its steepest one-day drop since 2006, leaving the widely held stock…
Wall Street Slumps as Weak Earnings, Rate Hike Clarity Spook Investors
Wall Street tumbled more than 2.5 percent on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors. It was the third straight week of losses for both the S&P 500 and the Nasdaq,…
Dow Suffers Worst Decline Since 2020 as Fed Signals Sharper Rate Hike
New York—The Dow Jones industrial average plummeted more than 900 points on Friday to post its worst daily loss since October 2020. The blue-chip index lost 981 points, or 2.82 percent, to close at 33,811. The S&P 500 dove 121 points, or 2.77 percent, to 4,271. Tech-heavy Nasdaq decreased 335 points, or 2.55 percent, to…
Disney Stock Provides Meat for the Bears: Here’s Where to Watch for the Bounce
Walt Disney Co was trading about 1% lower on Thursday after falling in sympathy with Netflix, Inc on Wednesday, which plunged almost 40% after printing its first-quarter earnings. Disney’s decline on Wednesday began to pick up at 11:30 a.m. in reaction to a bear flag the stock had settled into on the four-hour chart. The…
BZ Chart of the Day: Netflix Stock Breaks Long-Term Support
Sometimes, markets have memories. Unfortunately for shareholders of Netflix, Inc., that isn’t the case today. A market memory refers to a long-term support or resistance level. These levels can stay intact and remain important for months or even years. But it didn’t happen with the steaming giant following the release of its latest earnings report….
Is IBM Stock ‘A Place To Hide’ In Volatile Market? PreMarket Prep Crew Talks Big Blue
One former Wall Street darling that has been a serial underperformer during the greatest bull market of all time was the recipient of an upgrade Friday morning. That company is International Business Machines Corp, and it’s the PreMarket Prep Stock of the Day. Long-Term IBM Price Action IBM made its all-time high in February 2017 at…
What Camber Energy Investors Should Watch for as Volatility Increases
April 15, 2022
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Camber Energy Inc. was trading slightly higher in the premarket on Thursday after soaring almost 20 percent intraday on Wednesday amid a spike in crude oil prices. The energy sector has seen increased volatility following Russia’s invasion of Ukraine, as traders and investors attempt to weigh the effect the conflict will have on global oil…
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