Tag
Stock Gains
All articles tagged with #stock gains
Amazon's Prime Changes: Can It Replicate Netflix's Growth?
Amazon is ending its Prime Invitee Program to curb sharing, a move similar to Netflix's successful crackdown that boosted its stock by 425%. While Amazon's stock has only gained about 70% over three years and trades sideways, the crackdown could help increase Prime memberships and subscription revenue, though it may not be as impactful as Netflix's gains. The company's broader ecosystem, including e-commerce and AWS, faces competitive pressures, and investors are advised to wait for a better entry point.
Novo Nordisk's Wegovy Gains FDA Approval for Liver Disease Treatment
Novo Nordisk's stock rose after the FDA approved its Wegovy drug for the treatment of liver disease, marking a significant development for the company and its product portfolio.
Nvidia's Stock Surge and Future Outlook Amid Global and Market Developments
Nvidia's stock rose after CEO Jensen Huang met with China's Commerce Minister, signaling potential deepening of ties with China and positive prospects for its AI chips in the Chinese market, amid easing trade tensions and renewed sales opportunities.
Best Buy's 4th of July Sale Boosts Stock with Top Tech Deals
Best Buy's stock (NYSE:BBY) rose following reports of new sales, reminiscent of Black Friday sales, indicating strong retail performance.
AMC Hits Record Memorial Day Revenues Amid Box Office Boom
Movie theater stocks, led by AMC, surged after a record Memorial Day weekend box office, with domestic sales reaching $325 million, boosting investor confidence in the industry recovery.
"Disney's Bob Iger Triumphs Over Activist Shareholders in Proxy Fight Victory"
After losing a proxy battle with Disney, activist investor Nelson Peltz claims about $1 billion in profit on stock gains and hints at a potential third effort to shake up the board if the company doesn't keep its promises. Peltz, reflecting on the defeat, expressed hope that Disney will fulfill its assurances and stated that he will "watch and wait" to see if the company delivers on its commitments.
Broadcom's Stock Surges, Securing Spot Among Top 10 U.S. Companies
Broadcom Inc. has climbed 16 spots in 2023 and now ranks among the top 10 largest U.S. companies, with a market capitalization of $527.7 billion. The company's stock has doubled this year, benefiting from the artificial intelligence frenzy and its acquisition of VMware. Chip companies, including Advanced Micro Devices Inc., have also seen their positions rise, reflecting the growing importance of AI and networking silicon in the market.
"Hawaiian Electric Seeks Expert Assistance Without Restructuring Plans"
Shares of Hawaiian Electric Industries rose over 10% after the utility company stated that it does not intend to restructure but is seeking expert advice regarding its role in the Maui wildfires. The company's stock had previously experienced significant losses following the wildfires, and it has faced class-action lawsuits blaming it for the fires. Moody's Investors Service downgraded the utility's credit rating to junk status, raising concerns about potential financial and legal challenges. Hawaiian Electric stated that shutting off power was not part of its high-wind management protocol and that preemptive power shutoffs require coordination with first responders. The situation is reminiscent of PG&E Corp's experience with California wildfires, which led to bankruptcy and restructuring.
Private-Equity Interest in Worldpay Boosts FIS Stock
Fidelity National Information Services' stock rose after reports suggested that two private-equity groups are interested in acquiring its payments provider business, Worldpay Group.
Charles Schwab's Stock Rises on Upgrade Amid Deposit Concerns
Charles Schwab's stock gained after being upgraded by Raymond James, as the company's deposit issues appear to be winding down.
Schwab's Stock Upgraded to Outperform Amid Deposit Improvements.
Charles Schwab's stock gained after being upgraded by Raymond James, as the company's deposit issues appear to be winding down.
Microsoft's AI investments drive revenue growth and beat earnings expectations.
Nvidia's stock rose by over 2.5% in after-hours trading as Microsoft announced plans to increase spending on equipment necessary to provide AI-powered features to corporate customers. Microsoft reported higher-than-expected capital expenditures in its Q3 earnings and expects the total to grow in the current quarter, with a focus on cloud infrastructure and AI-related spending.