Semiconductor company Advanced Micro Devices (NASDAQ: AMD) just reported their fiscal Q3 earnings on November 1, 2022, with mixed results, but a few key points give them an edge. For one, revenue is up 29% YOY, to $5.57 billion. Furthermore, net income increased by 23% to more than $1 billion. And.... |
Good MorningEquity markets pulled back for a 2nd day following the Fed's latest 75 basis point interest rate hike. The takeaway from the meeting is that interest rate hikes will continue until inflation gets back into line although the pace may slacken if the data warrants. What this means for the market is that another 75 basis point hike could be coming in December if the inflation data stays hot.
Today's action will be impacted by the NFP report which is expected to show a moderately strong job increase of 200,000. If the data comes in strong like the ADP figure on Wednesday it will reinforce the idea that another 75 bps interest rate increase is on the way. More important, however, are the wage gains which should show another strong 5.0% YOY increase which is underpinning overall inflation and the Fed's need to continue raising rates. The bottom line is that economic conditions have not gotten any better and they may actually be getting worse. Featured: Insider sneaky bets exposed (Ad) 
| Technology | |
Semiconductor company Advanced Micro Devices (NASDAQ: AMD) just reported their fiscal Q3 earnings on November 1, 2022, with mixed results, but a few key points give them an edge. For one, revenue is up 29% YOY, to $5.57 billion. Furthermore, net income increased by 23% to more than $1 billion. And... Read the Full Story |
| From Our Partners | | BioStem Technologies (NASDAQ: BSEM) just completed its Nasdaq debut, and hospital revenue already makes up about 87% of first-quarter sales.
The BioTissue acquisition added the Neox and Clarix portfolios and GPO relationships, while the direct sales team grew from 18 to 35 reps in a single quarter.
A peer-reviewed trial found a 53% complete wound closure rate with BioREtain allografts versus 31% for standard care, backing coverage from Zacks Small-Cap Research and H.C. Wainwright. | | Discover how BSEM is building out its regenerative medicine platform |
| Consumer Discretionary | | The company has no earnings and its former CEO was just convicted of fraud, but electric vehicle maker Nikola (NASDAQ: NKLA) had some good news Thursday.
Nikola reported its third quarter before the opening bell, saying its loss was narrower than Wall Street anticipated, while revenue came in highe... Read the Full Story |
| Energy | | Energy Transfer (NYSE: ET) didn’t get any traction after its third-quarter earnings report Tuesday, although at least part of its decline was due to broad market action. Shares gapped down at the open Thursday, but about half an hour into the session were moving higher from earlier lows, but s... Read the Full Story |
| From Our Partners | | A 20-minute read could change how you approach your next options trade. Chris Pulver is giving away his guide, Right About The Market, Wrong About The Money, free of charge.
Built from two decades of trading experience, the guide tackles a common problem: losing a trade even when your market call was correct.
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| Consumer Discretionary | |
Wondering when the bottom may be in for shares of Papa John’s (NASDAQ: PZZA)? Want to buy some but aren’t sure when? Well, the Q3 results were no catalyst for higher share prices but they are helping to set the company up for a major rebound that could begin in 2023. While the Q3 resul... Read the Full Story |
| Consumer Discretionary | |
Choosing between eBay (NASDAQ: EBAY) and Etsy (NASDAQ: ETSY) is a simple choice between blue-chip dividends or riskier, small-cap growth. On the one hand, we have eBay, a well-established player in the eCommerce arena, and one with a well-recognized brand. It isn’t growing like it used to bu... Read the Full Story |
| From Our Partners | | Unitree's IPO grabbed headlines, but a handful of already-public robotics companies have been quietly delivering results that look nothing like hype.
One robotics-and-testing firm grew quarterly revenue from $686 million to $1.282 billion year over year and broke out above a $422.11 buy point. A warehouse robotics company exited the quarter with a $22.7 billion backlog and $2.0 billion in cash with no debt. A robotic surgery leader placed 431 systems in a single quarter. | | Get the free robotics stock report now. |
| Technology | | When you think of telecom stocks, big names like Verizon Communications (NYSE: VZ) and AT&T (NYSE: T) may come to mind, but smaller stocks in other segments of the telecom industry, such as CommScope (NASDAQ: COMM) and Dycom Industries (NYSE: DY) are better performers.
It’s not unusual t... Read the Full Story |
| Finance | |
While the company started the year off with a big earnings drop from Q4 2021, Paypal Holdings Inc (NASDAQ: PYPL), has already begun to claw its way back. And even with the rocky start they had, the digital payment systems provider is on track to continue an impressive earnings climb over the past ... Read the Full Story |
| Technology | |
Over the past month, the share value of Apple Inc. stock (NASDAQ: AAPL) has risen nearly 10%, currently at $150.06 per share. This value sits near the median of not only the most recent 12-month price target range ($122.00 to $200.00) but also the stock's overall 52-week range ($129.04 to $182.94)... Read the Full Story |
| Markets | |
TravelCenters of America (NASDAQ: TA) stood out the day after the company reported earnings. But not in the way investors would like. TA stock fell over 20% after the company delivered a mixed earnings report. The company beat on revenue but came in light on earnings estimates.
We’ve seen... Read the Full Story |
| Energy | | Oil-and-gas explorer Devon Energy (NYSE: DVN) was trading lower Wednesday after reporting third-quarter results after Tuesday’s closing bell.
The Oklahoma-based company beat top- and bottom-line views, but investors gave a thumbs down to Devon’s plan to slash its dividend by 13%.
Earn... Read the Full Story |
| Friday's Early Bird Stock Of The Day Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas. | | View Today's Stock Pick |
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