New Hotter Inflation Data – Momo Buys The Dip, Fed Blunder Shows Up In Roaring Meme Stocks
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Dingdong Rings Back To Revenue Growth, Posts Quarterly Net Profit
Key Takeaways:
Dingdong’s revenue grew slightly in the first quarter, ending more than a year of revenue contraction
The company recorded its second quarterly net profit since its listing and said it expects both revenue and profit to post “considerable year-over-year growth” this year
By Doug Young
As ‘Roaring Kitty’ Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave
Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.
Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What’s Driving Markets Monday?
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.
AI Revolution ‘On the Doorstep:’ The ‘Tidal Wave’ Is Well Underway, Analyst Says
AI revolution is here with tech giants like Microsoft, Alphabet, and Amazon leading the way. AI spending to account for 8%-10% of IT budgets by 2024. Microsoft and Apple's strong AI strategies will propel growth in the coming years.
Blink Charging Has Upside Potential Despite Slowed Bookings: Analyst
Needham analyst cuts BLNK price target to $6, maintains Buy rating. Company beats earnings and sales estimates, maintains revenue and EBITDA targets.
Stocks Pause On Dismal Consumer Confidence; Yields, Dollar Rise As Inflation Expectations Kick Higher, Bitcoin Sinks: What’s Driving Markets Friday?
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures.
CBAK Energy Misses On Revenue Mark, Battery Business Shines Brighter
CBAK Energy Technology, Inc. reported Q1 FY24 results, with revenue up 38.7%, gross margin up to 31.9%, and net income of $9.8 million. EPS of $0.11 beat consensus. Expecting strong growth for the year.
FTC Solar Battles Revenue Blues, Eyes Adjusted EBITDA Profitability In Q4
FTC Solar Q1 FY24 revenue below expectations at $12.59M, backlog at $1.8B. Q2 guidance at $10.5M-$15.5M. Company aims to improve profitability.
Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
TerrAscend Corp. (OTC: TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency.