Newsfeeds Archive - Page 2 of 44

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AI Momentum Fuels HPE’s Return To Revenue Growth But Profitability Has Yet To Enter The Picture

June 6, 8:21 AM

On Tuesday, Hewlett Packard Enterprise (NYSE: HPE) reported its fiscal second quarter results that surpassed estimates as its server business got a helping hand in the form of availability of AI chips from Nvidia Corporation (NASDAQ: NVDA).

DELL

3 minute read

Penny Stocks

GM And Ford Show Electric Pickups And SUVs Refute The EV Slowdown

By Upwallstreet

June 5, 2:33 PM

General Motors (NYSE: GM) CEO Mary Barra assured investors that electrification is well underway with May being GM’s best ever EV sales month, defying the slowdown even the EV king, Tesla Inc (NASDAQ: TSLA), is struggling with.

3 minute read

Promising Trial Results Show New Standards In Cancer Treatment And Diagnostics Are On The Horizon

By Upwallstreet

June 4, 1:45 PM

On Friday, Pfizer Inc (NYSE: PFE) revealed its drug for an advanced form of lung cancer showed promising long-term results in a late-stage trial. On Monday, Moderna (NASDAQ: MRNA) and Merck & Co (NYSE:

MRK

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Costco Gobbles Discretionary Market Share Thanks To Its Value Proposition

By Upwallstreet

June 4, 10:32 AM

Last week, Costco Wholesale Corporation (NASDAQ: COST) reported its fiscal third quarter earnings that surpassed estimates. Last Thursday, Costco management emphasized its membership pricing, digital sales growth, along with its recently expanded partnership with Uber Technologies Inc (NYSE:

AMZN

2 minute read

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Dell Fails To Impress With Its AI Business Progress

By Upwallstreet

June 3, 8:37 AM

On Thursday, Dell Technologies Inc (NYSE: DELL) surpassed estimates with its first quarter results, but also showed its earnings lag sales. Shares tanked on Friday as Wall Street was displeased by AI servers being sold at near-zero margins.

DELL

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Foot Locker Shows It’s Headed In The Right Direction With Its Turnaround Plan

By Upwallstreet

May 31, 2:03 PM

On Thursday, Foot Locker (NYSE: FL) showed its turnaround plan is working as it posted better-than-expected comparable sales, with shares surging 15% upon the release of its May quarter report. Although the footwear retailer is still in the black, its financials are declining at a slower rate.

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Salesforce Still Confident About Becoming An AI Era Winner Despite Disappointing Quarter

By Upwallstreet

May 31, 10:10 AM

On Wednesday, Salesforce Inc (NYSE: CRM) posted its first quarterly revenue miss since 2006, along with providing a softer-than-expected guidance. Despite the miss, many analysts are optimistic that the cloud software vendor is yet to benefit from its use of generative artificial intelligence.

CRM

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Abercrombie & Fitch Reports Its Best Ever Quarter That Officially Cement It As One Of The Biggest Retail Winners

By Upwallstreet

May 30, 12:08 PM

On Wednesday, Abercombie & Fitch Co. (NYSE: ANF) continued to surpass expectations. For the fiscal first quarter, sales jumped 22% YoY with profits multiplying about seven times compared to last year’s comparable quarter. Upon the report, shares rose 25% on Wednesday but tumbled on Thursday.

AEO

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Penny Stocks

Hyundai Continues To Expand Its EV Lineup

By Upwallstreet

May 29, 1:30 PM

While legacy automakers General Motors (NYSE: GM) and Ford Motor (NYSE: F) continue to scale down and reassess their EV ambitions, Hyundai Motor Company (OTC: HYMTF) is growing its EV portfoli

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TJX And Ross Stores Prove Off-Price Retailers’ Ability To Profit Even During Challenging Economic Times

By Upwallstreet

May 24, 11:25 AM

On Wednesday, The TJX Companies, Inc. (NYSE: TJX) reported its first quarter results, proving its resilience amid a challenging macroeconomic climate, unlike Target Corporation (NYSE: TGT).

ROST