General Motors’ net profits and margins shrank over the last year with the company facing the heat of supply chain disruptions due to Covid-related lockdowns in China.
The company’s executives are optimistic about the growth of some key diverse of its broad platforms.
Microsoft revealed that Office Commercial products and cloud services spiked 12% in FY 2022 Q3.
PepsiCo has raised raised its revenue forecast for the rest of 2022 from 6% to 8% following strong figures from its Q1 2022 earnings report.
COIN stock has been on a continuous downward trajectory since the beginning of 2022 and has corrected more than 60% from its all-time highs.
In addition to its poor performance in 2022 Q1, Snap also reported a substantial net loss.
According to the official reports, the US annual inflation rate accelerated to 7.9% in February of 2022 and rose to as much as 8.5% in March, the highest since January 1982, matching market expectations.
Netflix is classified among the most prestigious of stocks called FAANG, and while it still remains an elite asset, a number of financial advisors are downgrading their rating on the shares at the moment.
Tesla announced record Q1 numbers that surpassed analysts’ expectations in revenue and earnings per share despite supply chain issues.
Analysts polled by Refinitiv now see IBM growing 6 percent in 2022, up from under 4 percent last year.
Following a 35% fall after reports on the subscribers’ loss, Netflix is now down 27.15% in the pre-market trading.
IBM reported adjusted earnings per share of $1.40, whereas analysts surveyed by Refinitiv expected an adjusted EPS of $1.38.
The entirety of Ark Invest’s portfolio is down 36.7% and is currently amongst the worst-performing stocks in the US at this time.
Agrawal noted that despite Musk’s decision not to join the company’s board as an active shareholder, his input will still be invaluable in moving the firm forward.
Despite the hike in interest rate by 25 basis points back in March, inflation is still not well tamed in the US and the stock market is pricing in this reality.