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Uber shrugs off doubts about profitability after rise in third quarter revenue
Thursday 23 Nov 2023Shares in ride-hailing and food delivery outfit Uber Technologies (UBER:NYSE) are up 121% year-to-date with the latest rally driven by a strong outlook for the fourth quarter. While third-quarter revenue of $9.3 billion was slightly below forecasts it still represented 11% growth, and the firm...
Burberry shares suffer biggest one-day fall in over a decade
Thursday 23 Nov 20232023 has been anything but a vintage year for investors in Burberry ( BRBY ) , with the shares losing 23% year-to-date as sales succumb to the global economic slowdown. The firm’s fall from grace shows that even luxury fashion houses aren’t immune from seeing their customers cut back on spending...
AI-powered growth has seen Crowdstrike stock double
Thursday 23 Nov 2023After years of investment, cyber-security firm Crowdstrike (CRWD:NASDAQ) is poised to kick-start its profitable growth phase, one that could keep the stock on the boil. The shares have already doubled in 2023 as investors bet on AI-powered growth years into the future, and that optimism is shared...
Pearson shares on a roll after profit guidance upgrade and hiring a new CEO
Thursday 16 Nov 2023Shares in education media group Pearson ( PSON ) have been in a rising trend since August, up 19% to 968p as investors reappraise the company’s prospects. Helping to sustain the upward share price movement was a well-received trading update on 30 October where the company upgraded its full-year...
Why UK shares are vulnerable to further takeovers in 2024
Thursday 16 Nov 2023UK shares have lagged their US and European counterparts significantly since 2016 leaving them vulnerable to takeover by more highly-valued peers and private equity groups which are still flush with cash, argue Shore Capital research analysts Rob Sanders and Chris Bottomley. Since June 2016, at the...
Diageo and Richemont disappoint investors as luxury sales growth slowdown continues
Thursday 16 Nov 2023Global spirits leader Diageo’s ( DGE ) shares plunged last week after the Johnnie Walker whisky maker warned on first half profits amid worsening sales in the Latin American and Caribbean region, where macroeconomic pressures have resulted in lower consumption and ‘consumer downtrading’. Diageo’s...
Arm’s shares have given up all the gains made immediately after its IPO
Thursday 16 Nov 2023Retail investors hoping to make big gains from investing in Arm (ARM:NASDAQ) have stomached the first setback from the company since its return to the stock market two months ago. The UK chip architecture designer Arm, which listed ADRs (American Depository Receipts) on US exchange Nasdaq at $51 in...
$31 billion marketing tech group Trade Desk slumps on Q4 guidance
Thursday 16 Nov 2023Highly rated growth stocks are experiencing big share price declines on the mere hint of a sales and earnings slowdown which explains why $31 billion marketing technology company Trade Desk (TTD:NASDAQ) slumped after it cut fourth quarter guidance. The stock has fallen 21% since publishing third...
Apple wins over jumpy investors despite China growth worries
Thursday 09 Nov 2023Technology giant Apple (AAPL:NASDAQ) saw its growth credentials fall under the microscope after reporting fourth quarter financial results (2 November) as its sales declined for a fourth straight quarter, the longest slide in more than two decades. The Cupertino colossus may have topped forecasts...
Fortinet slumps nearly 20% on weak revenue and outlook
Thursday 09 Nov 2023Shares in US cybersecurity firm Fortinet (FTNT:NASDAQ) plunged 18% after disappointing both on revenue and on the outlook with its third quarter update. Fortinet has 680,000 global customers and sells a complete cybersecurity package on a subscription basis. This includes firewalls and risk-...