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Mohawk Industries (MHK) Post Q3 Earnings: Buy, Sell, or Hold?
Mohawk Industries trades at $140.34 per share and has stayed right on track with the overall market, gaining 13.8% over the last six months while the S&P 500 has returned 10.5%.
Applied Materials (AMAT) Stock Trades Down, Here Is Why
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT) fell 9.2% in the pre-market session after the company reported weak third-quarter (Fiscal Q4 2024) results. Its revenue guidance for the next quarter slightly missed. Sales growth was also underwhelming during the quarter as revenue beat by a narrow margin. The company attributed some of the weakness to headwinds which impacted sales in China.
Why Unity (U) Shares Are Trading Lower Today
Shares of game engine maker Unity (NYSE:U) fell 7.2% in the morning session after the major indices declined, with the Nasdaq down 1.9%, while the S&P fell 1.12% as markets reined in some of the post-election optimism. The decline follows remarks from Federal Reserve Chair Jerome Powell indicating that the Fed's decision-making committee is not in a hurry to cut interest rates. Consequently, investors have reduced their expectations for another 0.25% rate cut in December 2024.
Why Adobe (ADBE) Shares Are Getting Obliterated Today
Shares of creative software maker Adobe (NASDAQ:ADBE) fell 5.8% in the morning session after the major indices declined, with the Nasdaq down 1.9%, while the S&P fell 1.12% as markets reined in some of the post-election optimism. The decline follows remarks from Federal Reserve Chair Jerome Powell indicating that the Fed's decision-making committee is not in a hurry to cut interest rates. Consequently, investors have reduced their expectations for another 0.25% rate cut in December 2024.
Why Palantir (PLTR) Stock Is Up Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 9.6% in the morning session after the company announced plans to transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Stock Exchange. Palantir expects to begin trading on the Nasdaq starting November 26. The stock's positive reaction suggests that investors anticipate the Nasdaq listing will attract more technology-focused funds, potentially increasing demand for Palantir shares. Nasdaq is often preferred by tech investors due to its concentration of technology companies, which may enhance Palantir's visibility and appeal within this sector.
Why Amazon (AMZN) Stock Is Down Today
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 3.5% in the morning session after the major indices declined, with the Nasdaq down 1.9%, while the S&P fell 1.12% as markets reined in some of the post-election optimism. The decline follows remarks from Federal Reserve Chair Jerome Powell indicating that the Fed's decision-making committee is not in a hurry to cut interest rates. Consequently, investors have reduced their expectations for another 0.25% rate cut in December 2024.
Micron (MU): Buy, Sell, or Hold?
Micron’s stock price has taken a beating over the past six months, shedding 23% of its value and falling to $98.35. Least to say, most shareholders are not pleased. This might have investors contemplating their next move.
Three Reasons We Love Nextracker
Over the past six months, Nextracker has fallen to $39.97 per share. Shareholders have lost 13.1% of their capital, which is highly disappointing because the S&P 500 has climbed 11.5%. This may have investors wondering how to approach the situation.
3 Reasons Core & Main Should Be High on Your Watchlist
What a brutal six months it’s been for Core & Main. The stock has dropped 31.7% and now trades at $42.36, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Two Reasons to Like ROAD and One to Stay Skeptical
Construction Partners has been on fire lately. In the past six months alone, the company’s stock price has rocketed 54.4%, reaching $88.35 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.