Spotify (NASDAQ:SPOT) is poised to announce its fiscal first-quarter earnings on Tuesday before the market opens. Analysts anticipate the music streaming giant to transition to profitability on an adjusted basis as it continues executing its recent “efficiency” strategy. Over the past year, Spotify has undergone multiple rounds of layoffs, alongside implementing price hikes and other measures aimed at enhancing top-line growth and bolstering margins. The company has also signaled a more cautious approach to future investments, particularly after allocating substantial funds to penetrate the c ..read more

Bank of America has designated Apple Inc. (NASDAQ:AAPL) as a top pick for 2024, citing optimism surrounding the tech giant’s imminent earnings release and its promising long-term outlook. Analyst Wamsi Mohan, who maintains a buy rating and a $225 price target on the stock, highlighted Apple’s “rich catalyst path with defensive cash flows” as a key factor driving the recommendation. Apple is set to unveil its second-quarter results next week, with BofA expressing confidence in the company’s services revenue growth and strong margins. However, the bank cautioned that a weak demand environment c ..read more

Following a significant 10% decline in Nvidia (NASDAQ:NVDA) stock on Friday, coupled with a lack of confidence in the after-hours session, investors are weighing the possibility of a bearish trend. Despite this, data from the options market, particularly major transactions, suggests bullish sentiment, adding complexity to the outlook. While NVDA stock appears overpriced based on traditional financial metrics, such as its high trailing-12-month earnings multiple and elevated price-to-book ratio, its fundamental strength in artificial intelligence (AI) has been a key driver of investor optimism ..read more

Tesla Inc. (NASDAQ:TSLA) is no stranger to chaos, especially under the leadership of CEO Elon Musk, known for his ambitious goals and sudden shifts in direction. However, even by Tesla’s standards, this year has been particularly tumultuous. The company’s stock has plummeted by over 40%, facing challenges such as declining sales, perplexing product decisions, and persistent price cuts. Additionally, its once-dominant position in China’s electric vehicle market is being threatened, while anticipated investment announcements in India have been abruptly canceled. In the midst of these challenges ..read more

Spotify (NYSE:SPOT) is gearing up to unveil its fiscal first-quarter earnings on Tuesday before the bell, with Wall Street anticipating the music streaming giant to transition to profitability on an adjusted basis, driven by its ongoing “efficiency” strategy. In the past year, Spotify has embarked on multiple rounds of workforce reductions and implemented price adjustments, among other initiatives, aimed at bolstering revenue growth and enhancing margins. Additionally, the company has signaled a more cautious approach to future investments, particularly after allocating significant funds towa ..read more

VANCOUVER, BC, April 22, 2024 – Luca Mining Corp. (“Luca” or the “Company”) (TSXV:LUCA) (OTCQX:LUCMF) (Frankfurt:Z68) reports strong Q1 2024 production of 14,148 troy oz of gold equivalent as our Tahuehueto gold and silver mine ramps up towards its 1,000 ton per day commercial production target and the optimization program rapidly progresses at Campo Morado. The Tahuehueto gold and silver mine in Durango state, produced approximately 3,657 troy oz of gold equivalent comprised of 43 tonnes of copper, 468 tonnes of zinc, 2,368 troy ounces of gold, 27,396 troy ounces of silver an ..read more

Adobe Systems (NASDAQ:ADBE) has outperformed the broader market significantly over the long term, with staggering gains of more than 660% in the last decade and over 2,180% since April 2004, propelling its market capitalization to $212 billion. However, despite these remarkable achievements, ADBE stock currently trades 32% below its all-time highs and has experienced a downturn of over 22% in 2024. Q1 Performance and Analyst Downgrades Following the release of its Q1 results for fiscal 2024 in February, Adobe faced a sharp decline in its stock price, plummeting nearly 14% in a single trading ..read more

The global media and streaming sector is experiencing rapid expansion, with numerous newcomers vying for prominence. However, few contenders carry the weight and enduring legacy of the Walt Disney Company (NYSE:DIS). With a century-long popularity fueled by timeless animated classics and blockbuster franchises like Marvel and Star Wars, Disney stands as a formidable force in the industry. Often pitted against Netflix (NASDAQ:NFLX) due to its fierce competition in the streaming content domain, Disney’s extensive legacy portfolio offers it a distinct advantage over emerging rivals. Despite heig ..read more

Alphabet Inc. (NASDAQ:GOOGL) is amassing significant cash reserves, fueling expectations that it might emulate Meta Platforms Inc.’s (NASDAQ:META) playbook and commence paying dividends. The tech behemoth has been funneling surplus cash into share repurchases for years, with many investors anticipating another $70 billion allocation when Alphabet reports earnings on April 25. However, analysts from JPMorgan Chase & Co. (NYSE:JPM) to Truist Securities are among those envisioning a modest dividend as a strategic move to enhance shareholder value, akin to Meta’s February dividend declaration ..read more

Verizon Communications (NYSE:VZ) revealed on Monday that it experienced fewer-than-anticipated losses in wireless subscribers during the first quarter, attributed to the popularity of its flexible plans and bundled streaming services. The company’s stock rose by 2.5% in premarket trading following the announcement. Between January and March, Verizon reported a loss of 68,000 monthly bill-paying wireless phone subscribers. This figure surpassed expectations, with analysts estimating a loss of 100,000 according to FactSet, and marked an improvement from the 127,000 losses reported in the same ..read more