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.
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