P_Wei It’s been six months since I last covered California land holding and development company Tejon Ranch (NYSE:TRC). At the time, I had grown somewhat less pessimistic about the firm’s prospects, raising my rating from “sell” to “hold”. Given the persistently higher levels of inflation, some investors are starting to look for inflation hedge securities…
Derick Hudson Meta Platforms (NASDAQ:META) is set to open books for the company’s March quarter 2024 on April 24th, after the market closes, and I am bullish heading into earnings. In my view, Meta Platforms upcoming quarterly report is poised to show a sharp jump in advertising revenue, as various alternative data tracked by leading…
MCCAIG Since late February, the yield on the 10-Year Treasury has moved up from just under 3.9% to 4.62% as of Friday’s close. Hope for cuts to the Fed Funds rate have continuously been pushed off throughout 2024, and it is now possible that no rate cuts take place during the year. Last week, Goldman…
2d illustrations and photos Four IPOs priced this past week, joined by one SPAC. After upping its terms at the start of the week, chipmaker Astera Labs (ALAB) priced above the raised range to raise $713 million at a $6.3 billion market cap. Astera offers its Intelligent Connectivity Platform, which comprises semiconductor-based connectivity products and…
Mario Tama One of the biggest market headlines on Thursday was the IPO of Reddit (NYSE:RDDT). The online community company saw its shares surge almost 50% for the session, even after pricing at $34 a share, the high end of its expected range. While there was plenty of green to celebrate on its first day,…
Sinenkiy/iStock via Getty Images Broadcom (NASDAQ:AVGO) jumped around 10% on Monday based on news that Citi was resuming coverage on the stock with a Buy rating. I will explain some of the reasons why it is a good time to cash in. Citi sees core business strength and VMware synergies The latest jump in Broadcom’s…
400tmax Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to report its Q3 2023 earnings on October 24th after the market closes. Despite the still somewhat pressured macro backdrop, I am bullish on Google’s earnings outlook going into the reporting data. In my opinion, there are multiple levers driving a likely strong Q3, notably an acceleration of growth…
Justin Sullivan/Getty Images News About a month ago, I wrote you an article entitled, “FedEx: An Industrial Stock Poised for Capital Appreciation.” A link to that article is found here. That article was written in advance of the September 20 FedEx (NYSE:FDX) earnings release in mind. Today, I’m writing you with brief post-earnings follow up….
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects. Salesforce Inc (NYSE: CRM), a leading American cloud-based software company, announced several announcements on Wednesday, including fiscal Q2 2024 ended July 31, 2023. According to the announcement, Salesforce recorded an adjusted earnings per share of…
Hwangdaesung/iStock via Getty Images Leading pure-play cybersecurity company Palo Alto Networks, Inc. (NASDAQ:PANW) surprised Wall Street analysts as it decided to report its fourth-quarter or Q4FY2023 earnings release on August 18 (Friday) after the market closed. Wedbush’s Dan Ives even spooked investors that the company’s decision to release earnings on a Friday evening was a…