Topics

Posted 9/28/2023, 12:24:18 PM

Stocks on the Move: Micron Falls on Weak Forecast, GameStop Rallies on New CEO, CarMax Earnings Drop Amid Lower Demand

Micron shares fell on weaker-than-expected earnings forecast for next quarter.
GameStop stock rallied after naming Ryan Cohen as new CEO.
CarMax earnings fell year-over-year amid weak used car demand.
Workday lowered its long-term subscription growth target.
Peloton shares jumped on new 5-year partnership with Lululemon.

cnbc.com

Relevant topic timeline:

8/23/2023

Peloton stock is plunging after a massive recall and fears the $2,500 bikes will keep falling apart

Peloton's shares fell sharply after the company gave a weak revenue forecast for the current quarter and revealed that costs for a product recall were significantly higher than anticipated, leading to a decline in subscribers and a decline in hardware sales amidst a shift in consumer spending towards travel and experiences.

9/18/2023

PayPal Sinks on Downgrade Ahead of CEO Change While DoorDash, Micron Surge on Upgrades

PayPal's shares fell after being downgraded by MoffettNathanson ahead of the upcoming CEO transition, while DoorDash's shares rose after being upgraded by Mizuho Securities based on strong market share and consumer spending on food. Micron Technology also experienced a stock gain after Deutsche Bank upgraded the company, citing potential for beating first-quarter expectations, and Arm Holdings' shares declined as it works to establish its position in the market.

9/18/2023

Micron Technology Stock Upgraded Ahead of Earnings Report Next Week

Micron Technology stock rises after Deutsche Bank analyst upgrades the stock due to improving demand ahead of earnings.

9/24/2023

Micron and Intel Offer AI Exposure and Turnaround Potential at Low Valuations

Despite being in a downturn, both Micron and Intel have the potential for a strong turnaround, with Micron currently demonstrating technology leadership and increasing momentum, making it a potential better buy than Intel.

9/27/2023

Micron Forecasts Weak Earnings on Slumping Chip Demand, But Sees Signs of Recovery by Late 2023

Micron Technology predicts poor earnings but anticipates a turnaround in the near future.

9/27/2023

Micron Beats Earnings Estimates But Stock Falls As Outlook Remains Cautious Amid Industry Downturn

Micron Technology's fiscal fourth-quarter profit and revenue exceeded expectations, but the company's outlook was mixed as pricing stabilizes, leading to a more than 5% decrease in MU stock.

9/28/2023

Micron Stock Drops on Margin Outlook, But Analysts Still Recommend Buying the Dip

Despite a drop in Micron Technology stock and a surprising margin outlook, analysts suggest that it is a good time to buy.

9/28/2023

Stocks Steady but Headed for Worst Month of 2023; Micron Falls on Earnings, Meta Unveils New AI Products, Evergrande Chair Detained

U.S. stock futures remain steady as Wall Street faces a slump in September; Micron shares fall after wider-than-expected loss forecast; Meta Platforms unveils new AI-powered products; Evergrande share trading suspended; Oil prices dip after surge in crude stock.

10/2/2023

GameStop Shares Drop as Turnaround Efforts Falter Under New CEO Ryan Cohen

GameStop Corp. shares fell 6.9% and hit their lowest close since February 2021 after activist investor Ryan Cohen was named CEO, signaling his attempt to revitalize the company; however, GameStop is still facing significant challenges and its stock price has declined 17% this year.

10/2/2023

Discover Rises on FDIC Deal, GameStop Slumps Despite CEO Change, NextEra Energy Sinks on Growth Concerns

Shares of Discover Financial Services rose after reaching an agreement with the FDIC to improve compliance practices and customer service protocols, while GameStop shares fell despite the announcement of a new CEO, and NextEra Energy and NextEra Energy Partners faced significant declines following a downgrade and a trim in growth goals.

10/27/2023

Stocks End Volatile Week Mixed as Tech Rallies While Broader Market Slips

The Nasdaq gains as tech stocks, including Amazon and Intel, report strong earnings; JPMorgan Chase shares fall after CEO Jamie Dimon plans to sell a portion of his holdings; stocks close out a tough week with the Dow down 262 points and the S&P 500 down 0.4%.

Topics

Posted 9/28/2023, 12:24:18 PM

Stocks on the Move: Micron Falls on Weak Forecast, GameStop Rallies on New CEO, CarMax Earnings Drop Amid Lower Demand

Micron shares fell on weaker-than-expected earnings forecast for next quarter.
GameStop stock rallied after naming Ryan Cohen as new CEO.
CarMax earnings fell year-over-year amid weak used car demand.
Workday lowered its long-term subscription growth target.
Peloton shares jumped on new 5-year partnership with Lululemon.

cnbc.com

Relevant topic timeline:

8/23/2023

Peloton stock is plunging after a massive recall and fears the $2,500 bikes will keep falling apart

9/18/2023

PayPal Sinks on Downgrade Ahead of CEO Change While DoorDash, Micron Surge on Upgrades

9/18/2023

Micron Technology Stock Upgraded Ahead of Earnings Report Next Week

Micron Technology stock rises after Deutsche Bank analyst upgrades the stock due to improving demand ahead of earnings.

9/24/2023

Micron and Intel Offer AI Exposure and Turnaround Potential at Low Valuations

9/27/2023

Micron Forecasts Weak Earnings on Slumping Chip Demand, But Sees Signs of Recovery by Late 2023

Micron Technology predicts poor earnings but anticipates a turnaround in the near future.

9/27/2023

Micron Beats Earnings Estimates But Stock Falls As Outlook Remains Cautious Amid Industry Downturn

Micron Technology's fiscal fourth-quarter profit and revenue exceeded expectations, but the company's outlook was mixed as pricing stabilizes, leading to a more than 5% decrease in MU stock.

9/28/2023

Micron Stock Drops on Margin Outlook, But Analysts Still Recommend Buying the Dip

Despite a drop in Micron Technology stock and a surprising margin outlook, analysts suggest that it is a good time to buy.

9/28/2023

Stocks Steady but Headed for Worst Month of 2023; Micron Falls on Earnings, Meta Unveils New AI Products, Evergrande Chair Detained

10/2/2023

GameStop Shares Drop as Turnaround Efforts Falter Under New CEO Ryan Cohen

10/2/2023

Discover Rises on FDIC Deal, GameStop Slumps Despite CEO Change, NextEra Energy Sinks on Growth Concerns

10/27/2023

Stocks End Volatile Week Mixed as Tech Rallies While Broader Market Slips