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Month: April 2022
Trading Signals

Qualcomm Incorporated (QCOM) is Gaining Momentum on Earnings Catalyst

Qualcomm Incorporated (NASDAQ: QCOM) has released its second-quarter report for the fiscal year 2022. The stock surpassed Wall Street projections by a wide margin, and its stellar performance was one of the driving forces behind the tech sector’s rally on April 28. Qualcomm’s sales increased 41% year over year to a new high of $11.2 billion, with GAAP earnings of $2.57 per share. The corporation paid out $1.7 billion in dividends to stockholders, including $0.8 billion in dividends. Despite transitory supply chain difficulties, Qualcomm’s business remains robust and healthy. Sales are increasing in all main areas, and revenue is expected
Equity News

Earnings Review: Liberty Oilfield Services Inc. (LBRT)

Liberty Oilfield Services Inc. (NYSE: LBRT), a producer of oilfield equipment and technology, reported a 16% increase in sales in the most recent quarter. Due to market conditions, the firm expects double-digit growth in the second quarter. Liberty Oilfield Services’ first-quarter revenue increased to $793 million, the highest revenue since the company went public four years ago. Rising oil prices and the associated increase in demand for hydraulic fracturing equipment and services are the key growth drivers for LBRT. Because the company’s capacity has been nearly completely utilized to date, management anticipates revenue to increase by 10% in the second
Trading Signals

Kintara Therapeutics, Inc. (KTRA) Stock on a Steep Rise, Here’s Why

 Kintara Therapeutics, Inc. (KTRA), a clinical-stage drug development company, closed Monday’s regular trading session at $0.50 after rocketing by 35.41% during the day. In the aftermarket, KTRA stock has further surged by 3.43% and as a result, is trading at $0.52 at the time of the writing. KTRA Presented Data KTRA stock rose on Monday following the announcement regarding the presentation of data. On Monday, the company announced that it had presented the data at the 2022 American Association for Cancer Research (AACR) Annual Meeting. The presentation discussed the impact of Dianhydrogalactitol (VAL-083) on the treatment of Glioblastoma Multiforme (GBM). An
Equity News

New Oriental Education & Technology Group Inc. (EDU) Stock Declined after Reverse Split related Rise

New Oriental Education & Technology Group Inc. (EDU), a company providing private educational services in China, closed Thursday’s regular session at $11.90 after a mammoth jump of 848.21% during the day, attributable to a reverse stock split. In the premarket, EDU has declined by 4.20% and is trading at $11.41 at the time of the writing. EDU to Release Q3 2022 Results The latest release from EDU was regarding the date of the financial results announcement. The company announced hours ago that it would report the financial results for Q3 2022 before the opening of the market on the 26th of April
Market Activity

Tilray, Inc. (TLRY) Stock on a Bullish Ride in Current Market, Here’s Why

Tilray, Inc. (TLRY), a global cannabis-lifestyle goods company, has surged 13.44% in the current market. Consequently, TLRY is trading at $7.98 at the time of the writing. TLRY Announced Q3 2022 Results The precipitous rise in the price of TLRY stock could be attributed to the announcement of strong financial results. Hours ago, the company released the results for the third quarter of 2022. The net revenue saw a jump of 23% to $152 million during the quarter, while the gross profit was calculated to be $39.8 million after increasing by 31%. The adjusted EBITDA was estimated to be $10.1 million,

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Equity News

Twitter Inc. (TWTR) Stock Sky-Rocketing in Premarket, Here’s the Reason

Twitter Inc. (TWTR), a popular networking site, closed Friday’s regular session at $39.31 after gaining an increase of 1.60% during the day. In the premarket, the stock has rocketed 21.44% and consequently was trading at $47.74 at the last check. Musk Having Stakes in TWTR TWTR stock has seen this humongous rise following Elon Musk, Head of Tesla, revealed that he has a 9.2% stake in the world’s leading social site. The revelation caused a prolific rise of more than 20% in Twitter stock price. According to sources, Musk has got a total of 73.5 million shares of Twitter, which values his

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