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US Stocks Kick Off The Week In The Green, Tesla Rockets On China’s FSD Approval, Yen Rallies: What’s Driving Markets Monday?

By Piero Cingari
April 29, 2:14 PM
U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc. (NASDAQ:AMZN) on Tuesday and Apple Inc.

AAPL

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Why Is ON Semiconductor Stock Trading Higher On Monday?

By Anusuya Lahiri
April 29, 11:34 AM
ON Semiconductor Corp (ON) beat fiscal first-quarter 2024 revenue and adjusted EPS expectations. Revenue growth in Power Solutions Group, decline in adjusted gross and operating margins. Second-quarter guidance below consensus, analyst predicts steady recovery in second half. EV market set to grow 20%+ long-term. ON stock down 13% in last 12 months, can be accessed through QCLN and SHOC. ON shares down 0.37% premarket.

ON

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3 minute read

This Undervalued Cannabis Stock Has Another Year Of Growth: Reports Record 2023 Revenue And Adjusted EBITDA

By Jelena Martinovic
April 29, 10:39 AM
Decibel Cannabis Company reported on Monday its audited financial results for the three and twelve month periods ending Dec. 31, 2023. The Calgary, Alberta-based company said it saw a record net revenue of CA$116 million ($84.8 million) in 2023, an increase of 46% over 2022. "The Company's fourth quarter financial results delivered another year of growth across all metrics and I look forward to working with the team to continue to build on this success" Benjamin Sze, Decibel's new CEO, said. Sze was recently appointed to serve as Decibel's CEO, succeeding Paul Wilson. He rejoined the company after previously serving as CEO before resigning in late 2020 to focus on his family.

DB