$PDD Holdings Inc(PDD)$ has beaten earnings estimates in six consecutive quarters. And there are reasons to believe that this win streak could continue. Bullish analysts point to the company’s overseas expansion as a growth catalyst, specifically noting the launch of Temu in North America as a way to target price-sensitive consumers.Nevertheless, increase in competition that will make it difficult to maintain market share. Indeed, Amazon is challenging Temu head-on with its own discount platform that will only carry items that cost less than $20.
$Sea Ltd(SE)$’s rally appears to have priced in strong revenue for the latest quarter, Morgan Stanley analysts wrote in a note in October. Margins in the e-commerce business “may be lower than buy-side expectations, which may lead to the stock giving up some of the recent gains”.
$Palantir Technologies Inc.(PLTR)$ CEO sold $254 Million worth of shares. Chief Legal Officer sold over $5M worth... earnings next week...r/wallstreetbets - PLTR CEO sold $254 Million worth of shares. Chief Legal Officer sold over $5M worth... earnings next week...Some say its founder Thiel might also dump several hundred million.How do you view the insiders selling stock before earnings?
$Advanced Micro Devices(AMD)$ dips nearly 8% after guidance misses.Revenue increased by 18% year-over-year to $6.82 billion, surpassing market expectations of $6.71 billion. Adjusted EPS: $0.92, in line with market expectations.Revenue and gross margin slightly misses guidance.Looking ahead, the company expects Q4 revenue to be approximately $7.5 billion, slightly lower than analyst forecast is $7.55 billion. Although the company currently anticipates that sales of AI accelerators will exceed $5 billion this year, up from a previous forecast of $4.5 billion, some analysts and investors have been hoping for higher sales figures. AMD's projected adjusted gross margin for the Q4 is also slightly below market expectations.In summary,
The TOKEN2049 conference kicked off today, September 18, 2024, at Marina Bay Sands in Singapore. Ethereum co-founder Vitalik Buterin, one of the event’s key speakers, made waves with his keynote address on the current state of the crypto industry.
Eli Lilly is set to become the 1st trillion dollar health-care stock
Eli Lilly has been having major wins since their earnings. They’re drugs are no longer in shortage, Zepound was found to have cardiovascular benefits, and their once a week insulin is showing equal results to daily insulin injections.The cardiovascular benefits from zepound is huge because patient insurances are more likely to cover drugs like this, without patients having to try other medications since it’s an actual benefit that no other fat loss meds have and it help lower the risk of their patients being in the hospital, which will save insurance companies more money at the end.The weekly insulin is HUGE. The biggest complaints patients have is the amount of times they have to inject themselves throughout the day. The benefit this will have, is that both type 1 and type 2 diabetics can
Tom Lee remains optimistic about tech and Nvidia, stating that the rapid rebound in U.S. stocks also demonstrates the current market's strength.According to Seeking Alpha's August sentiment survey, 32% of investors believe $S&P 500(.SPX)$ will stay at the 5600 level, while 41.5% believe it will reach 5800 points.
Elon Musk announced an unscripted, no-limits interview with former U.S. President Donald Trump, set to be live-streamed on X at 8 p.m. Eastern Time on Monday. Musk described the conversation as "highly entertaining," while Trump, confirming the interview in a social media post, referred to it as a "major interview" scheduled for August 12.