RECURRING INVESTMENTS
WEEKLY FORECAST
FINANCIAL NEWS
Shares of Block rise on Strong Cash App momentum

Block shares were rising early Friday after the payments company said gross profit from its Cash App rose 26% and that overall consumer spending through April had not seen a decline.

eBay shares plunge despite quarterly results exceeding estimates

Despite posting quarterly results, which exceeded both internal and Wall Street estimates, eBay shares fell as much as 6% during extended trading Wednesday.

Peloton scouts for minority investment of the company

Shares of Peloton Interactive Inc. tumbled sharply this week on news it is seeking to sell a stake of about 20% of the company in an effort to shore up its business.

Pfizer beats quarterly estimates but keeps sales forecast for COVID pill

Boosted by sales of its COVID-19 vaccine and antiviral Paxlovid, Pfizer Inc. posted better-than-expected first-quarter earnings Tuesday.

Starbucks regains some of its strength, boosted by higher sales

On Tuesday, Starbucks reported higher quarterly sales and profits as the coffee giant continues expansion alongside growing U.S. same-store sales.

Stocks rally after Powell vows to curb inflation with Fed hikes

On Wednesday, Federal Reserve Chair Jerome Powell assured Americans that policymakers would do their best to curb surging inflation following the Fed's decision to hike interest rates by 50 basis points for the first time in 22 years.

Airbnb well-positioned for pent-up travel demand amid positive outlook

Holiday rental firm Airbnb Inc. projected second-quarter revenue that easily topped Wall Street's estimates as the company sees "substantial demand" for traveling ahead of a busy summer season.

BP posts record first quarter earnings despite Russian exit

On Tuesday, BP posted record first-quarter earnings despite losses of $25.5 billion following the decision to exit its 19.75% shareholding in Russia's Rosneft Oil Co.

Activision Blizzard in the spotlight over Buffett's newly 9.5% stake

Billionaire Warren Buffet at Berkshire's annual shareholder meeting on 30 April 2020 shared an increased position in Activision Blizzard, a stake worth about $5.6 billion.

5 Things to watch in this week's market

This week's earnings will continue to roll in following the worst month for stocks in over two years. Moreover, Friday's U.S. employment report forecasts robust jobs growth in April, another key part of the Fed’s mandate.

Amazon stocks plunge amid slow sales growth; warehousing demand cools

Amazon stock plunged Friday after reporting its first quarterly loss since Jeff Bezos stepped down as its CEO and its slowest sales growth since 2001.

Apple reports solid growth for non-holiday period, warns of supply chain woes

In the quarter that ended in March, Apple's revenue grew nearly 9% year-over-year to $97.3 billion, which is considered a record figure for this part of the calendar year.

Qualcomm reports robust outlook and record-breaking revenue amid diversification

Qualcomm reported a robust earnings outlook and record quarterly revenue for the last quarter, mainly due to its move to focus on growing a non-handset business amid the likelihood of slowing smartphone demand.

Meta gains on unexpected user growth, fuels gains in Nasdaq 100 futures

In premarket trading Thursday, Meta Platforms gained 17.5% to $205.60 after reporting better-than-expected user growth in the first quarter for its social media platform, Facebook.

Google parent, Alphabet reports weaker-than-expected Q1 results; shares slide

For its first quarter, Alphabet Inc., the parent company of Google, reported weaker-than-expected earnings and revenue on Tuesday, sending shares down more than 3% in premarket trading Wednesday.‍

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