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Rivian Stock Down 87% Since IPO
24/7 Wall St.20d agoneutral
Rivian Stock Down 87% Since IPO

Rivian (NASDAQ: RIVN), the troubled EV company, went public on November 10, 2021. After a good deal of excitement, the stock is down 87% since then. Whatever hope new Q2 unit sales brought, the company is still on the ropes and is unlikely to get off them. Rivian just announced it delivered 12,194 vehicles to ... Rivian Stock Down 87% Since IPO

Energy earnings: How Exxon, Chevron fare amid all-time high fuel prices
Yahoo Finance Video20d agobullishVIDEO
Energy earnings: How Exxon, Chevron fare amid all-time high fuel prices

Energy titans ExxonMobil (XOM) and Chevron (CVX) both released second quarter earnings results ahead of Friday's market open. Morning Brief Host Julie Hyman is joined by Yahoo Finance Breaking News Reporter Jake Conley and Trustless Media Founder Zack Guzman to help assess both companies' production outlook and how they are managing debt.

What Meta Now Has to Prove Following Its Earnings Release
24/7 Wall St.20d agoneutral
What Meta Now Has to Prove Following Its Earnings Release

At $585.61, Meta Platforms (NASDAQ:META) sits at a crossroads. The stock just snapped a six-quarter EPS beat streak and reset investor expectations around AI spending, making conviction in either direction premature at this price. Meta owns the largest social advertising network on the planet, monetizing 3.60 billion daily active users across Facebook, Instagram, WhatsApp, and ... What Meta Now Has to Prove Following Its Earnings Release

Wells Fargo resets Microsoft stock price target
TheStreet20d agoneutral
Wells Fargo resets Microsoft stock price target

There is a pattern that keeps repeating in this AI earnings cycle. A company spends heavily on infrastructure. Analysts get nervous about whether the spending will ever pay off. Targets get trimmed. Then the results come in and the conversation shifts. July 29 was Microsoft's turn to go through ...

AI Traction Fuels Snowflake’s (SNOW) Guidance Boost
Insider Monkey20d agoneutral
AI Traction Fuels Snowflake’s (SNOW) Guidance Boost

Spyglass Capital Management LLC, an investment management firm, released its second-quarter investor letter for “Spyglass Growth Strategy”. A copy of the letter can be downloaded here. Spyglass Growth Strategy appreciated 24.63% in the second quarter, significantly outperforming the Bloomberg Midcap Growth Index’s 14.05% increase, the Bloomberg 2500 Growth Index’s 19.01% gain, and the Bloomberg 500 […]

Moderna Q2 Earnings Call Highlights
MarketBeat20d agoneutral
Moderna Q2 Earnings Call Highlights

Moderna (NASDAQ:MRNA) reported second-quarter revenue of $145 million, exceeding the high end of its prior guidance range, while continuing to reduce costs and advance programs spanning respiratory vaccines, oncology and rare diseases. The company posted a net loss of $782 million, or $1.97 per sha

Universal Music Group Record Low; Roblox Slumps  | Stock Movers
Bloomberg20d agobearishVIDEO
Universal Music Group Record Low; Roblox Slumps | Stock Movers

On this episode of Stock Movers: - Universal Music Group (UMG NA) plummeted to their lowest level since listing, after the company reported disappointing subscription revenue growth. The world's largest record label's subscription revenues grew 16.6% in constant currency, including the impact of its purchase of Downtown Music Holdings, but analysts had expected a 19.2% increase. - Roblox (RBLX) shares are lower after the video-game company's second-quarter results disappointed on key metrics, including users and hours engaged. It also gave a forecast for both bookings and revenue that was weaker than expected. - Reddit (RDDT) shares are moving after it projected revenue in the current quarter revenue that beat Wall Street estimates, but shares fell after the social media company failed to announce any new data licensing agreements.

Westinghouse Electric Files Confidentially for IPO
The Wall Street Journal20d agoneutral
Westinghouse Electric Files Confidentially for IPO

Nuclear technology and services supplier Westinghouse Electric has confidentially filed a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock