Category: Stock News

What’s the Skinny on Beyond Meat’s Mixed Q2 Earnings Report?

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Beyond Meat shares took a dive yesterday…

Beyond Meat shares took a sharp drop on Monday following a mixed Q2 earnings report and the news that the company is offering an additional 3.25 million shares.

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Coca-Cola Shares Pop on Earnings Beat

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The company’s earnings and revenue increased thanks to a partnership with Netflix and a variety of new products. 

Shares of Coca-Cola rose 5% on Tuesday thanks to a positive second-quarter earnings report. The company’s earnings and revenue both beat investor expectations…

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Robinhood Valuation Soars After Funding

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Despite recent scrutiny, Robinhood sees a meaty cash bump.

Robinhood, the free stock trading app, recently received a $7.6 billion valuation after its latest round of funding.

This comes shortly after the company came under scrutiny due to concerns regarding its checking and savings accounts, which it launched last December. These accounts advertised a favorable 3% interest rate, but users became concerned over how these accounts would be insured.

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Micron Shares Rally After Upgrade

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Micron’s shares are up 48% year to date. 

Micron’s shares were up more than 3% on Monday, largely thanks to an upgrade by Goldman Sachs. Analyst Mark Delaney upgraded the company to buy from neutral and raised the company’s one-year price target from $40 to $56.

Micron is one of the largest U.S. producers of DRAM and NAND memory chips. Analysts have been strongly divided on the future of chip stocks, and Micron experienced a brief downturn during the height of theU.S.-China trade war.

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Is Tech Behind the U.S. Market Rally?

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This morning, the S&P 500 is currently over its average for one month at nearly 3,000…

The Dow Jones is relatively steady above 27,000.

And some underlying analysis shows that the U.S. market may be pretty extremely reliant on a few big tech companies.

There’s a shorthand that investors use for technology leaders: “FANG” or “FAANG.” But there are two variants of this acronym…

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CrowdStrike Shares Jump After Earnings Report

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This was the company’s first earnings report since its June IPO.

Shares of CrowdStrike jumped nearly 15% on Friday after investors got a look at the company’s first earnings report since its IPO. This added more than $2 billion to the company’s market cap, bringing it to $16.7 billion. 

The cybersecurity company has been beating investor expectations on all fronts since going public in June. The company raised over $600 million at its IPO and its shares have consistently outperformed its initial asking price of $34 per share. As of Friday, CrowdStrike’s stock is up 150% from its IPO price. 

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Here’s Why Netflix Shares Fell

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This is the first time the company has lost subscribers since 2011.

2019 is a year of highs and lows for Netflix. The company started the year coming off of a 52-week low, but its shares rebounded in the months since. 

The company has dealt with announcements from Disney and Apple of new rival streaming services. And most recently, it learned it will lose two of its most popular shows: “The Office” and “Friends.” 

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Slack Takes on Compromised Passwords

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One of the most lauded workplace communication apps is making headlines…

Its large-scale security resets may indicate some liability.

Reports show that Slack, one of the most popular platforms for enterprise messaging, will reset passwords for 65,000 users. That’s a lot more than the company usually handles at one time, piquing the interest of some security professionals.

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