Intuitive Machines (NASDAQ:LUNR) – Intuitive Machines made history on Thursday when its Odysseus spacecraft became the first commercial probe to successfully land on the moon. The mission, carrying NASA instruments, landed at the lunar south pole, marking a significant milestone in commercial space exploration and collaboration with the US space agency. Shares are up 47.58% in Friday’s pre-market.
Goldman Sachs (NYSE:GS) – Goldman Sachs analysts do not foresee a cut in US interest rates in May. They expect four 25 basis point cuts this year, as policymakers’ rhetoric indicates no rush. Fed Governor Christopher Waller suggests waiting for more inflation data for future decisions.
JPMorgan Chase (NYSE:JPM) – JPMorgan CEO Jamie Dimon sold about $150 million in bank shares, marking his first sale since 2005. He and his family plan to sell 1 million of their shares. The sale does not affect future leadership, and Dimon received $36 million in 2023.
Nvidia (NASDAQ:NVDA) – Nvidia added $277 billion to the stock market in its biggest daily gain on Thursday, driven by an exceptional quarterly report, raising its market cap to $1.96 trillion. The positive results sparked a recovery in the AI sector. Moreover, Nvidia highlighted Huawei as a key competitor in artificial intelligence chips, also mentioning Intel (NASDAQ:INTC), AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), and Qualcomm (NASDAQ:QCOM).
Alphabet (NASDAQ:GOOGL) – Google is temporarily suspending its AI tool for creating images of people due to inaccuracies in some historical representations. This underscores the company’s efforts to compete with rivals like OpenAI and Microsoft. Google acknowledges the issue and is working on adjusting the model.
Meta Platforms (NASDAQ:META) – The Oversight Board will include Meta‘s Threads platform under its jurisdiction, allowing users to appeal content moderation decisions. With over 130 million users, the board will review decisions based on Instagram‘s community guidelines, aiming for transparency and respect for human rights.
Apple (NASDAQ:AAPL) – Apple criticized Spotify Technology (NYSE:SPOT) on Thursday due to its longstanding dispute with the European Union, which could result in a $539 million fine. Apple stated that Spotify does not pay for the services provided, while Spotify accuses Apple of anti-competitive practices in the App Store.
DoorDash (NYSE:DASH) – After DoorDash reported mixed fourth-quarter results, its shares fell. However, Morgan Stanley (NYSE:MS) upgraded its shares to Overweight and raised the target price to $145. The company continues to deliver solid results, driven by DashPass subscribers, with potential for further growth.
AT&T (NYSE:T) – AT&T stated that the outage affecting thousands of users in the US was not caused by a cyberattack but by an incorrect process during network expansion. Investigations, conducted by the FCC and other agencies, are ongoing to determine the exact cause.
Verizon (NYSE:VZ) – Verizon is collaborating with Volkswagen Audi AG to equip the automaker’s test track in Neustadt, Germany, with a 5G network, aiming to test smart vehicle technology. The project includes simulations of communications and driving, involving partnerships with Nokia (NYSE:NOK), AWS, and Smart Mobile Labs.
TSMC (NYSE:TSM) – TSMC inaugurates its first factory in Japan, highlighting its significance for Tokyo to revive its semiconductor industry. The investment reflects TSMC‘s dominant position in the sector and Japan’s growing concern over Chinese technology.
Equinix (NASDAQ:EQIX) – Equinix plans to invest $390 million in Africa over the next five years, expanding its operations in South Africa and West Africa. The company is also exploring opportunities in East Africa, including building or acquiring data centers.
Tesla (NASDAQ:TSLA) – Tesla agreed to correct software in 8,700 vehicles in China to reduce accident risks. The recall involves Model S, Model X, and Model 3 and addresses rear camera integrated circuit issues affecting the driver’s vision when reversing.
Toyota Motor (NYSE:TM) – Toyota Motor extended the shutdown of two production lines until March 1st at Japanese plants due to irregularities in diesel engine tests. The decision to reopen will be made on March 1st.
Stellantis (NYSE:STLA) – CEO Carlos Tavares’s total compensation in 2023 reached €36.49 million, a 56% increase from the previous year. Stellantis highlighted its superior financial performance and an average of €70,404 for its employees in 2023.
General Motors (NYSE:GM) – General Motors‘ autonomous car unit Cruise plans to resume testing its robotaxis with safety drivers on public roads in the coming weeks, possibly in Houston and Dallas, after suspending operations in October due to incidents. Regulators and the public are being addressed to rebuild trust.
Spirit AeroSystems (NYSE:SPR) – Spirit AeroSystems, a fuselage manufacturer, stated on Thursday that it cannot estimate the financial impact of the incident that led to the temporary suspension of production of Boeing’s (NYSE:BA) 737 MAX 9 planes. The company warned about the possibility of a reduction beyond expectations in production levels.
American Airlines (NASDAQ:AAL) – A federal judge in Fort Worth, Texas, ruled that American Airlines could face a lawsuit alleging poor oversight of retirement funds for using asset managers who sought sustainable investment strategies. Judge Reed O’Connor allowed the lawsuit to proceed, citing potential violations of the ERISA law.
WisdomTree (NYSE:WT) – WisdomTree‘s shares have outperformed the market for a year. In February, founder and CEO Jonathan Steinberg increased his stake, buying 303,781 shares for $2.2 million. Steinberg now owns 9.2 million shares, including restricted stock awards. He expressed optimism about the company’s future.
Reddit – Reddit revealed a reduced net loss of $90.8 million and revenue growth of about 21% in 2023. Its US public IPO is scheduled for March, marking a significant milestone for the platform, although still trailing rivals like Facebook and Twitter. OpenAI CEO Sam Altman is listed as one of the major shareholders of Reddit Inc. according to the regulatory document released for its initial public offering. Entities affiliated with Altman hold 8.7% of the shares, including 789,456 Class A shares and 11.4 million Class B shares. The largest shareholder, Advance Magazine Publishers Inc., owns about one-third of the votes. Altman has long-standing ties with the company, having served as interim CEO for a short period in 2014. Reddit plans to expand its business, including data licensing deals with AI companies.
Novavax (NASDAQ:NVAX) – Novavax saw a significant increase on Thursday after reaching an agreement with Gavi for its Covid-19 vaccine. CEO John Jacobs highlighted the importance of the agreement for ensuring fair access to vaccines.
JD.com (NASDAQ:JD) – Investors looking for bargains in China might overlook JD.com‘s cheap shares until the company demonstrates success overseas. Its plan to acquire British retailer Currys faces skepticism, while brutal competition and heavy spending raise questions about its profitability. JD.com also faces external challenges from Chinese competitors and Amazon.
Baidu (NASDAQ:BIDU), NetEase (NASDAQ:NTES) – Baidu and NetEase will release their earnings amid increased control by China over tech companies, raising concerns about potential restrictions. Tech giants have been investing in data centers in Africa, taking advantage of the growing demand for connectivity and storage.
Earnings
Mercado Libre (NASDAQ:MELI) – After reporting earnings of $3.25 per share in the fourth quarter, remaining stable compared to the same period last year, the e-commerce company’s shares fell 8.7% in Friday’s pre-market. Operating profit, excluding items, reached $572 million, below analysts’ expectations surveyed by FactSet, who expected $668.5 million.
Block (NYSE:SQ) – After beating fourth-quarter revenue expectations, the payment company’s shares increased 13.3% in Friday’s pre-market. Block reported revenue of $5.77 billion, slightly exceeding analysts’ expectations surveyed by LSEG, who expected $5.70 billion. Additionally, the company is forecasting a gross profit of at least $8.65 billion in 2024, representing an increase of at least 15% from the previous year.
Booking Holdings (NASDAQ:BKNG) – Despite reporting a beat in fourth-quarter earnings and revenues, the online travel company’s shares fell more than 9.3% in Friday’s pre-market, although daily bookings increased by 9%. Moreover, Booking Holdings announced it would start paying a quarterly cash dividend of $8.75 per share.
Grab Holdings (NASDAQ:GRAB) – Grab Holdings announced its first quarterly profit. Grab projected fiscal revenues for 2024 between $2.70 billion and $2.75 billion, below the average analysts’ estimate of $2.80 billion. The company also revealed a $500 million share buyback program. Grab Holdings shares are up 1.90% in Friday’s pre-market.
Intuit (NASDAQ:INTU) – The financial software company’s shares fell approximately 1.7% in the pre-market after reporting second-quarter fiscal revenue of $3.39 billion. This performance was in line with analysts’ expectations surveyed by LSEG. Moreover, the adjusted profit exceeded Wall Street’s expectations, reaching $2.63 per share, compared to the $2.30 per share predicted by analysts.
Insulet (NASDAQ:PODD) – After announcing a revenue growth forecast below expectations, the medical device company’s shares fell more than 6.2% in Friday’s pre-market. Insulet forecasts revenue growth of 17% to 20% year-on-year in the first quarter, while analysts surveyed by FactSet expected 24.3% growth.
Sleep Number (NASDAQ:SNBR) – Sleep Number‘s shares rose more than 10% in Friday’s pre-market, with the company reporting a quarterly loss of $15 million, or $0.68 per share, compared to earnings of $37 million, or $1.60 per share, in the same period last year. Sales fell 14%, to $430 million.
Live Nation (NYSE:LYV) – Live Nation reported revenue of $5.84 billion, surpassing LSEG analysts’ estimates, who expected $4.79 billion. However, the entertainment company recorded a slightly lower operating profit consensus in the fourth quarter. Shares are up 3.8% in Friday’s pre-market.
Nu Holdings (NYSE:NU) – Nu Holdings saw its adjusted net income soar to US$ 395.8 million in 4Q23, a 247.8% increase from the previous year. In 2023, the profit totaled US$ 1 billion, reversing the US$ 9.1 million loss in 2022. Revenue grew by 57% to US$ 2.4 billion, driven by a 23% increase in ARPAC. ROE stood at 23%, while gross profit reached US$ 1.143 million, with a 48% margin. Nubank reached 93.9 million customers, an increase of 19 million from the previous year. The delinquency rate stood at 4.1% for delays between 15 and 90 days and 6.1% for delays exceeding 90 days. The interest-earning credit portfolio grew by 91% in one year, reaching US$ 8.2 billion in December.
Vale (NYSE:VALE) – Vale reported a net profit of $2.42 billion in the fourth quarter, 35% below analysts’ expectations. The provision related to Samarco totaled $1.2 billion, bringing the total to $4.21 billion. EBITDA grew by 37%, and sales revenue increased by more than 9%.
Newmont Corp (NYSE:NEM) – Newmont Corp plans to divest eight non-essential assets and reduce the workforce to cut debt after acquiring Newcrest for $17.14 billion. The company exceeded quarterly profit estimates but saw its shares fall due to impairment expenses and production forecasts below expectations.
VinFast (NASDAQ:VFS) – In the last quarter of 2023, VinFast‘s net loss reached $650.1 million, 1.3% higher than in 2022. VinFast plans to increase deliveries to 100,000 units in 2024, against almost 35,000 in 2023. Fourth-quarter revenue was $437 million, totaling $1.2 billion for the year. The company’s market cap rose to $85 billion but has since fallen to $12 billion.
Carvana (NYSE:CVNA) – After the car dealer stated it expects an increase in retail units sold by 2024, shares rose 26.9% in Friday’s pre-market. However, Carvana reported a fourth-quarter loss of $1 per share and revenue of $2.42 billion, falling below analysts’ estimates surveyed by LSEG.