PayPal stock dropped approximately 50.98%, 29.70%, 41.91%, and 31.05% in the past year, YTD, three months, and one month respectively through Tuesday.
Alphabet recently posted its fourth-quarter earnings which caps of a remarkable annual revenue run for the tech conglomerate.
In 2021 Q4, PayPal onboarded new active accounts. This includes 3.2 million new users after it acquired Japan’s Paidy.
Exxon Mobil is taking significant steps in addition to its impressive Q4 earnings. The company has revealed that it is relocating its headquarters from Irving to Houston.
Tesla is going to ramp up production in all its sites including Texas, California, China, and Berlin, and achieve 50% average annual growth in vehicle deliveries.
The market continues to remain volatile amid the Fed commentary earlier this week. However, US GDP numbers for Q4 2021 are much better than expected.
CEO Tim Cook said the company’s supply chain woes are not as stringent for the quarter as against the September quarter.
In addition to the most recent decline, TSLA has dropped more than 21% since the year started.
Robinhood stock took a heavy beating following a massive reduction in the number of active users investing on the platform.
During the fourth quarter, Intel recorded a revenue of $20.5 billion and a full-year GAAP revenue of $79.0 billion, up 1% YoY.
Microsoft had $36.77 billion in unearned revenue at year-end. This is below the StreetAccount consensus of $36.90 billion.
Growth stocks continue to stay under pressure as investors await the details of the two-day FOMC meeting. Banks and energy sectors pose recovery.
Credit Suisse noted that the hit will be partly offset by gains on real estate sales of approximately CHF 225 million.
US stock futures across the board early Tuesday morning continued to fall following a highly volatile trading session.
Such volatility is common when investors are waiting for corporate earnings results. In addition, investors are observing the Federal Reserve that is getting ready with a major policy decision to tighten monetary policy.