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PayPal's stock surged 37.56% due to new leadership, strategic partnerships, and strong earnings beat, enhancing market position and growth prospects. See more...
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Tesla starts us off, but we also talk about Peloton, Costco, and Empire State Realty Trust...
Continue ReadingAmazon’s founder stands by his words, calling out the decline in media trust...
Continue ReadingCalifornia police departments are discovering that good intentions sometimes collide with real-world obstacles. Several law enforcement organizations have invested significantly in Teslas to meet the state's need for zero-emission cars. The feasibility of these electric cars for police work is currently a major concern; some departments even consider them “nearly unusable” as squad cars. Multiple police departments, including those in Menlo Park and Ukiah, have embraced the Tesla model, hoping i...
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Google reported a 15% jump in year-over-year revenue driven by strong results in its cloud-computing division, boosting the company’s fortunes during a costly push into artificial intelligence...
Continue ReadingMeanwhile, Chipotle and AMD beat on earnings but are sliding in late trading on weaker guidance...
Continue Reading(Bloomberg) -- Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence.Most Read from BloombergThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkInside NYC’s Playbook for Getting Federal Grant FundsA Courtyard Apartment Building Designed for Southwe...
Continue ReadingAlthough the revenue and EPS for Alphabet (GOOGL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...
Continue ReadingAlphabet announced third quarter earnings, kicking off a week of Big Tech results...
Continue ReadingAlphabet (GOOG, GOOGL) exceeded Wall Street expectations in its third quarter results, revealing exceptional growth in its cloud business segment. The tech giant reported adjusted earnings of $2.12 per share, above the $1.84 analysts expected. Revenue reached $88.27 billion, topping the estimated $86.45 billion. Google Cloud performance was particularly strong, with revenue of $11.35 billion outpacing estimates of $10.79 billion. "They're executing extremely well on the cloud side of things," CFRA Research Senior Equity Analyst Angelo Zino tells Market Domination Overtime. He highlights that the cloud division achieved its highest-ever operating margin at 17% this quarter. Zino identified AI evolution in search as the primary challenge facing Alphabet, noting it's been a key reason investors have been "hesitant on the Alphabet story." However, he remains optimistic about the company's trajectory. Although this will be "a trying time" for the company, Zino said he is "encouraged with how they're adapting to things here," pointing to their innovation efforts. He concludes that the company is "well positioned" against competitors in the long-term search market. These are the remaining Magnificent Seven tech stocks scheduled to report earnings this season: Meta Platforms (META) and Microsoft (MSFT) — Wednesday, October 30 Amazon (AMZN) and Apple (AAPL) — Thursday, October 31 Nvidia (NVDA) — Wednesday, November 20 To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith...
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