Category: Market Summary

Qualcomm (NASDAQ:QCOM) – The semiconductor company exceeded expectations with an adjusted EPS of $2.69, against the expected $2.56, and revenue of $10.24 billion, above the expected $9.90 billion. Net income increased to $2.92 billion, with automotive growing 86% and device chips by 12%. The company projects revenue between $10.5 billion and $11.3 billion for the…

Stocks skyrocketed during trading on Wednesday, as traders celebrated Donald Trump’s victory in the presidential election. The major averages added to the strong gains posted during Tuesday’s session, reaching new record closing highs. The major averages saw further upside in late-day trading, reaching new highs for the session. The Dow (DOWI:DJI) soared 1,508.05 points or…

Trump Media & Technology Group (NASDAQ:DJT) – Donald Trump’s media company reported a $19.2 million loss in Q3, driven by $12.1 million in legal fees tied to a streaming deal and SPAC. Research and development expenses totaled $3.9 million. Despite the loss, shares surged 32.7% in pre-market after Trump declared victory in the presidential election,…

Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq…

Boeing (NYSE:BA) – Boeing workers on the U.S. West Coast ended a seven-week strike after approving a contract that includes a 38% wage increase over four years. The strike, which impacted 737 MAX production and other models, cost Boeing about $100 million per day. The contract also includes a $12,000 bonus and increased 401(k) contributions.…

After turning in a strong performance during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages bounced back and forth across the unchanged line before eventually closing in negative territory. The Dow underperformed its counterparts, sliding 257.59 points or 0.6 percent to 41,794.60.…

Tesla (NASDAQ:TSLA) – Tesla sold 68,280 China-made vehicles in October, a 5.3% drop from the previous year, with Model 3 and Model Y deliveries down 22.7% month-over-month. Tesla extended its interest-free financing for certain models into November after exceeding third-quarter profit expectations but was outperformed by BYD in revenue. Additionally, Tesla sold $499 million in…

Following the sell-off seen during Thursday’s session, stocks showed a strong move back to the upside in early trading on Friday. The major averages gave back some ground over the course of the trading day but remained firmly in positive territory. The tech-heavy Nasdaq led the way higher, advancing 144.77 points or 0.8 percent to…

Amazon (NASDAQ:AMZN) – Amazon exceeded expectations for the third quarter with earnings per share of $1.43, compared to the anticipated $1.14, and revenue of $158.88 billion, surpassing estimates of $157.2 billion. AWS performed slightly below expectations with revenue of $27.4 billion, while advertising rose 19% to $14.3 billion. Next quarter’s revenue projection between $181.5 billion…

After moving sharply lower early in the session, stocks continued to see considerable weakness throughout the trading day on Thursday. The Nasdaq saw a particularly steep drop on the day amid a sell-off by technology stocks. The major averages saw further downside going into the close, ending the session near their worst levels of the…