U.S. Movers: Alphabet, Fisker, Nvidia

Dec 29, 2023
Scott Peters
Fisker, the luxury electric vehicle maker, said deliveries soared in the fourth quarter from the previous quarter on solid demand for SUVs. Alphabet's Google agreed to settle a $5 billion lawsuit for tracking users browsing in private mode.

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Micron Technology offered better-than-expected current quarter sales outlook. CarMax reported stronger-than-expected quarterly results. Boeing inched closer to resuming plane deliveries to China.

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Toro Company estimated higher-than-expected full-year sales and earnings. FedEx's annual sales outlook disappointed investors. General Mills estimated weak annual growth in volume.

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Alphabet's Google settled an antitrust case with the U.S. states and consumers. Nikola founder was sentenced to four years in prison. Accenture reported better-than-expected quarterly earnings but estimated a muted sales growth outlook.

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U.S. Steel accepted a merger proposal from Nippon Steel. Teamster Union members voted to authorize a strike at Anheuser-Busch plants across the U.S. in the event wage negotiations fail. Illumina said it plans to divest its interest in Grail after losing a court appeal in the U.S.

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Scholastic lowered its full-year revenue growth outlook. Quanex Building Products did not provide a full-year fiscal 2024 outlook, citing macroeconomic uncertainties.

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Solar stocks advanced after the Fed's signaled multiple rate cuts over the next two years. Merck and Moderna released a positive update for their experimental skin cancer vaccine. Adobe reported solid quarterly results but offered a muted 2024 outlook.

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Take-Two Interactive gained ahead of the company's inclusion in the Nasdaq 100 index. Tesla recalled two million vehicles to fix autopilot errors. Pfizer released weaker-than-expected 2024 annual sales outlook.

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Oracle reported weaker-than-expected revenue growth in its latest quarter. Google-parent Alphabet said it plans to appeal the latest antitrust verdict by a California jury.

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Occidental Petroleum agreed to acquire Permian Basin-based energy producer CrownRock for $12 billion. Macy's received a buyout offer from a consortium of two private equity investors.

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Lululemon estimated a muted holiday sales outlook. RH reported an unexpected quarterly loss. DocuSign reported strong quarterly results but offered a weaker-than-expected outlook.

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Chewy reported a smaller-than-expected increase in quarterly sales, but losses expanded. Dollar General reiterated its annual earnings outlook. ChargePoint attributed the quarterly revenue decline to macroeconomic headwinds.

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U.S. Movers: Box, MongoDB, Toll Brothers

Dec 6, 2023
Scott Peters
Toll Brothers reported a decline in revenue and earnings in the latest quarter, but gross margin improved. MongoDB reported a surge in quarterly revenue, and losses shrank.

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Gitlab reported its first-ever adjusted operating income and forecasted higher sales in the current quarter. Lands End said revenue in the third quarter declined and net losses expanded.

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Alaska Air agreed to acquire Hawaii Airlines, but the merger proposal is likely to face an uphill battle with regulators. Spotify said it plans to lay off 17% of its staff. Cryptocurrency-linked stocks soared after bitcoin jumped above the $40,000 mark.

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