FedEx (NYSE: FDX) shares are trading sharply higher in US premarket price action today after it reported better-than-expected earnings for its fiscal third quarter of 2023 and also raised its full-year guidance. FedEx reported revenues of $22.17 billion in the quarter that ended in February. Its revenues trailed analysts’ estimate of $22.74 billion and were also lower than the $23.6 billion that it reported in the corresponding quarter last year. FedEx shares rise on Q3 earnings beat While FedEx’s fiscal third quarter revenues fell short of analysts’ estimates, it more than made up with the ea ..read more

In 2022, Meta Platforms (NYSE: META) lost over 60% making it the worst-performing FAANG share of the year. However, with a 45% YTD gain, it is the best-performing FAANG share of 2023 and analysts see more gains on the card. In terms of financial performance, Meta Platforms disappointed in 2022. Its revenues fell on a YoY basis in the final three quarters of the year. In the full year, its revenues fell 1% to $116.6 billion. It was the first time in history that the Mark Zuckerberg-led company posted an annual fall in revenues. Its net income fell to $23.2 billion in 2022—a 41% fall as compared ..read more

Over the past few years, cryptocurrencies have been picking up steam in all parts of the world, becoming a very popular investment option, on par with traditional financial instruments like stocks, bonds, or precious metals. It may seem strange that a class of assets that emerged a little over a decade ago is making waves in the financial industry and is already competing with more established assets that have a long history behind them. By comparison, fiat money has been around for millennia, while gold and other precious metals have been an integral part of the international monetary system ..read more

Apple (NYSE: AAPL) shares are trading lower in US premarket price action today after it missed consensus earnings estimates for its fiscal first quarter of 2023 and also provided mixed guidance for the current quarter. Along with Apple, Amazon and Alphabet also released their earnings yesterday. All three shares are trading lower today as markets give a thumbs down to their quarterly earnings. While the earnings season for FAANG shares started on a positive note with Netflix shattering subscriber estimates, it ended with a whimper. Notably, tech names rallied yesterday after Meta Platforms’ Q4 ..read more

Netflix (NYSE: NFLX) is set to release its Q4 2022 earnings tomorrow after the close of markets. Here’s what Wall Street would watch in the streaming giant’s earnings. Netflix would be the first FAANG constituent to release the earnings for the December quarter. The other names would release their earnings later in the month. Notably, 2022 was a horrible year for FAANG shares and Meta Platforms and Netflix lost over 50% each. Even Apple, which was the best-performing FAANG share last year, fell 28% and underperformed the S&P 500. Netflix share meanwhile managed to recover somewhat from its ..read more

Rishi Sunak is reportedly in talks with Arm Limited and SoftBank for a UK listing of the former. Before him, Liz Truss and Boris Johnson also tried to convince the company to list in the UK markets. Last month, Sunak met Arm’s CEO Rene Haas in Downing Street. SoftBank’s founder Masayoshi Son also joined the meeting through a video call. One of the people briefed on the meeting described it as “very constructive.” Johnson had also tried to convince Arm to list in the UK. Truss too tried her luck in her rather small tenure. Notably, Son last year said that he prefers a listing of Arm in the US ..read more

Buying, selling, and trading stocks and shares is a process of constant review and study. The market changes all the time, so traders and investors must always be aware of the latest trends, movements, and fluctuations. A number of things can influence these trends, some of which can be hard to predict or quantify.  Whether you are just observing the market from afar or planning to buy stocks with Plus500, it’s always worth knowing what is up and what is down. We’ve put together a list of some of the best performing shares in 2022. Check it out below.  Target Hospitality Corp.  ..read more

With a loss of 65% last year, Tesla (NYSE: TSLA) was the fifth worst-performing S&P 500 share. Cathie Wood of ARK Invest meanwhile predicts a massive rally in Tesla shares from these levels. Wood predicts that over the next five years, TSLA shares would rise to $1500 which is almost 15 times of the current price. Wood made her comments shortly before Tesla released its delivery report for the fourth quarter of 2022. Tesla delivered 405,278 vehicles in the fourth quarter of 2022. While deliveries surged 31.3% in the quarter and reached a record high, they trailed analysts’ estimates. The co ..read more

Investors waiting for a respite from the 2022 share market sell-off were in for a rude shock as markets started 2023 also on a negative note. Apple shares fell 3.7% yesterday and the company’s market cap fell below $2 trillion. Apple shares are now at the lowest level since June 2021. It is the latest company to fall out of the $2 trillion market cap club. Microsoft and Alphabet are the two other giants which have lost their status as $2 trillion market cap companies. Apple market cap falls below $2 trillion With Apple also losing the coveted status, none of the companies across the world has ..read more

With a YTD loss of around 65%, Tesla (NYSE: TSLA) is among the worst-performing S&P 500 share. Those who were short on the EV share have made billions of dollars in profits this year though. In 2020 and 2021, Tesla was almost a graveyard for short sellers. In 2020, short sellers lost a whopping $40 billion betting against the Elon Musk-run company and it was the most unprofitable trade of that year. In 2020, TSLA shares rose a whopping 743%. The share continued to do well in 2021 and rose another 50%. Tesla became a trillion-dollar company in 2021 Tesla went on to become the most valuable ..read more