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Credit Card Juggernaut MasterCard's Stock Tanks Despite Q3 Beat
Thursday, October 26, 2023 - 10:24am | 424Mastercard Inc (NYSE: MA) shares are trading lower after the company reported Q3 FY23 results. Net revenues stood at $6.53 billion, up 14% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.52 billion. Payment network net revenue rose 12% Y/Y (+10% Y/Y on a currency-...
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Lattice Semiconductor To Generate Multi-Year Double-Digit Revenue Growth, Says Analyst
Tuesday, October 24, 2023 - 1:25pm | 302Needham analyst N. Quinn Bolton initiates coverage on Lattice Semiconductor Corp (NASDAQ: LSCC) with a Buy rating and a price target of $90. The analyst forecasts a 12.2% CAGR over the coming three years for revenue from the company's Nexus platform, launched in 2019. Also, the...
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JP Morgan, Mastercard Launch Pay-By-Bank Solution In The US; Verizon To Pilot Program In The Coming Months
Friday, October 20, 2023 - 12:25pm | 307JP Morgan Chase & Co. (NYSE: JPM) said its Pay-by-bank solution, which leverages Mastercard Incorporated's (NYSE: MA) open banking technology, is now available in the U.S. for billers for a variety of recurring payments, including rent, utilities, healthcare and more. Verizon...
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Lam Research Faces Analyst Scrutiny Over Near-Term Margin and China Demand Uncertainties
Thursday, October 19, 2023 - 1:10pm | 707Lam Research Corp (NASDAQ: LRCX) reported quarterly earnings of $6.85 per share, which beat the consensus estimate of $6.07. The company reported quarterly sales of $3.48 billion, which beat the analyst consensus estimate of $3.41 billion, a 31.38% decrease over sales of $5.07 billion...
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Wafer Fab Equipment Sector To Reach $100B By FY25: Analyst Upgrades Applied Materials, Lam Research
Friday, October 13, 2023 - 2:16pm | 503Needham analyst Charles Shi is remarkably bullish on the Wafer Fab Equipments (WFE) sector, projecting growth of global wafer starts by 10% in 2024 and 14% in 2025 after a 13% slump in 2023. Shi estimates that in 2025, WFE will reach $100 billion in total addressable...
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Fintech Stocks: Analyst Foresees Revenue Surge for BILL, Flywire, Global Payments, Mastercard and Shopify
Thursday, October 12, 2023 - 3:46pm | 1190Seaport analyst Jeff Cantwell initiated coverage Thursday of the fintech sector, including BILL Holdings, Inc (NYSE: BILL), Fiserv, Inc (NYSE: FI), Fidelity National Information Services, Inc (NYSE: FIS), Flywire Corp (NASDAQ: FLYW), ...
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Why LL Flooring Shares Are Skyrocketing Today
Thursday, October 12, 2023 - 11:44am | 328Live Ventures Inc (NASDAQ: LIVE) has presented a non-binding proposal to acquire LL Flooring Holdings, Inc (NYSE: LL) in an all-cash offer for $5.85 per share, totaling $194.4 million. The offer price represents a 100% premium to LL Flooring's closing share price on October...
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Mastercard CFO Casts Doubt on UPI's Financial Sustainability in India
Wednesday, October 11, 2023 - 8:49am | 476Mastercard Inc's (NYSE: MA) CFO, Sachin Mehra, recently expressed mixed feelings about India's Unified Payments Interface (UPI), a system that has revolutionized digital transactions in the country. While acknowledging its role in promoting digital transactions,...
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SLB, Splunk And 2 Other Stocks Insiders Are Selling
Tuesday, September 26, 2023 - 8:09am | 654The Nasdaq 100 closed higher by around 0.5% on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider...
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Why Brainstorm Cell Therapeutics Shares Are Trading Lower By 33%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Monday, September 25, 2023 - 1:04pm | 1511Gainers TransCode Therapeutics, Inc. (NASDAQ: RNAZ) shares jumped 308% to $2.71 after the company announced pre-clinical gliblastoma results with its lead candidate, TTX-MC138. FaZe Holdings Inc. (NASDAQ: FAZE) gained 46.9% to $0.2247 after falling over 4% on Friday. Avalo Therapeutics, Inc. (...
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Lattice Semiconductor, Navitas Semiconductor And 2 Other Stocks Insiders Are Selling
Monday, September 11, 2023 - 8:15am | 633The Nasdaq 100 closed slightly higher on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales...
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Crude Oil Moves Higher; Kroger Earnings Beat Estimates
Friday, September 8, 2023 - 2:57pm | 847U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite edging higher on Friday. The Dow traded up 0.10% to 34,535.92 while the NASDAQ rose 0.02% to 13,751.67. The S&P 500, also rose, gaining, 0.05% to 4,453.21. Check This Out: Top 5 Health Care Stocks That May...
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Why Hooker Furnishings Are Trading Lower By 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Friday, September 8, 2023 - 1:56pm | 1338Gainers Biocept, Inc. (NASDAQ: BIOC) shares jumped 97.6% to $1.6608 after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics. EZGO Technologies Ltd. (NASDAQ: EZGO) gained 28% to $0.2591. EZGO recently announced pricing of $10 million registered direct...
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Exclusive: Bit2Me And droppGroup Seal Game-Changing Web3 Global Partnership
Friday, September 8, 2023 - 1:24pm | 463Bit2Me and droppGroup, two stalwarts in the Web3 technology sector, have officially cemented a strategic partnership, marking a pivotal advancement in the global Web3 ecosystem. As the demand for state-of-the-art Web3 technologies surges, this alliance between Spain's Bit2Me and droppGroup...
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Dow Gains 100 Points; US Wholesale Inventories Fall In July
Friday, September 8, 2023 - 12:02pm | 770U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 100 points on Friday. The Dow traded up 0.30% to 34,602.56 while the NASDAQ rose 0.36% to 13,797.99. The S&P 500, also rose, gaining, 0.34% to 4,466.41. Check This Out: Top 5 Health Care Stocks That May Explode...