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MarketBeat Week in Review – 8/5 - 8/9
MarketBeat Week in Review – 8/5 - 8/9

A volatile week is ending with a whimper. All the major indices were bouncing between narrow gains and narrow losses on low volume and likely lower conviction. Investors are now awaiting the latest

The Cannabis Sector: Profitability Takes Center StagePhoto, wide shot, wide-angle lens,  Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png
The Cannabis Sector: Profitability Takes Center Stage

The cannabis industry has experienced significant change since its inception twelve years ago.  Fueled by legalization trends and evolving social acceptance, this burgeoning sector has attracted

Amazon’s Stock Plunge: Is a Prime Buying Opportunity Knocking?
Amazon’s Stock Plunge: Is a Prime Buying Opportunity Knocking?

It’s not often you see a $1.75 trillion market cap stock drop nearly 20% in just two sessions, but that’s exactly what went down with Amazon.com Inc (NASDAQ: AMZN) this week. It was the biggest

Buy the Dip in e.l.f. Beauty: Analysts Point to a New High
Buy the Dip in e.l.f. Beauty: Analysts Point to a New High

Valuation concerns and slowing growth led e.l.f Beauty (NYSE: ELF) shares to fall following its Q1 release, but this is a buy-the-dip opportunity. The results were better than expected

Is Dell's Stock Plunge a Once-in-a-Lifetime Buying Opportunity?
Is Dell's Stock Plunge a Once-in-a-Lifetime Buying Opportunity?

Dell Technologies (NYSE: DELL), a household name in the computer industry, has recently found itself in a challenging position. With its stock price in a steep decline, falling nearly 50% from

Why Analysts Still Predict Double-Digit Upside for Mosaic StockPhoto, wide shot, wide-angle lens, soft focus,  Quarry, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-YQuR80w6IvxjemEoWYDXbEZo.png?st=2023-10-15T10%3A03%3A37Z&se=2023-10-15T12%3A03%3A37Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-10-14T14%3A03%3A01Z&ske=2023-10-15T14%3A03%3A01Z&sks=b&skv=2021-08-06&sig=/3q45HS%2B7KQiNIRh0W63diwmt7u%2BeQQMkMTkhvmYMtE%3D
Why Analysts Still Predict Double-Digit Upside for Mosaic Stock

Even after missing net income expectations and posting a net loss of $162 million in the past quarter, shares of Mosaic Co. (NYSE: MOS) still warrant a double-digit upside from where they trade

Novo Nordisk's Shares Go on a Rollercoaster Ride After Earnings
Novo Nordisk's Shares Go on a Rollercoaster Ride After Earnings

Novo Nordisk (NYSE: NVO) is the world’s second-largest pharmaceutical company, with a market capitalization of $538 billion. The Danish firm’s shares have performed well so far in 2024

Wall Street Predicts Zillow Stock Will Dominate in Performance
Wall Street Predicts Zillow Stock Will Dominate in Performance

A broader market selloff, like the one seen in the S&P 500 earlier this week, triggered by the unwinding of a so-called ‘carry trade’ started in Japan, tends to bring down essentially all stocks

It's Too Soon to Buy the Dip in Weight Loss Drugmakers
It's Too Soon to Buy the Dip in Weight Loss Drugmakers

Obesity drugmakers like Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) were not immune to the broad market sell-off sparked by the June CPI report, but investors looking to get into these

Owens-Corning Stock: Good Value or Recession Red Flag?Photo, wide shot, wide-angle lens,  Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png
Owens-Corning Stock: Good Value or Recession Red Flag?

A quarterly earnings beat hasn’t been enough to reverse the slide in Owens Corning (NYSE: OC) stock. In mid-morning trading the day after the maker of builder and construction materials delivered

Datadog Exceeds Q2 Expectations, Solidifies Market LeadershipPhoto, wide shot, wide-angle lens,  Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png
Datadog Exceeds Q2 Expectations, Solidifies Market Leadership

Datadog (NASDAQ: DDOG) is a leading provider of observability and security solutions for cloud applications. Datadog’s earnings report for the second quarter of 2024 has once again impressed

Cybersecurity Stock Surges, Promising Double-Digit GainsPhoto, wide shot, wide-angle lens, soft focus,  IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
Cybersecurity Stock Surges, Promising Double-Digit Gains

Fortinet (NASDAQ: FTNT) stock surged more than 25% following its Q2 release because it reached an inflection point. The company's lean into unified SASE and Security Ops resonates with

Energy Provider's Stock Skyrockets on Huge Q2 Earnings Beat
Energy Provider's Stock Skyrockets on Huge Q2 Earnings Beat

Duke Energy (NYSE: DUK) is in the utilities sector and is the third-largest electric utility company in the United States and Canada by market capitalization. The firm has outperformed its

Robinhood Stock Shows Why Shareholders Could Expect Higher Prices
Robinhood Stock Shows Why Shareholders Could Expect Higher Prices

Most market participants tend to overcomplicate the art of investing. Sometimes, it is as simple as finding a business with a somewhat strong moat (whether brand or product), strong and growing

Big 3 Music Giant Warner: Streaming Boom Sends Shares HigherPhoto, wide shot, wide-angle lens,  Supermarket, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/12c4d93c-5c0e-4e39-8e32-e47404ce9d79.png
Alphabet Stock: Why Now's The Time To Be Greedy
Alphabet Stock: Why Now's The Time To Be Greedy

After a stellar first half to the year, equities have been having a tough time of it since July. This is particularly true for tech companies, a handful of whom were largely responsible for the

Reddit Stock Confirms More Upside Potential for Upcoming Quarters
Reddit Stock Confirms More Upside Potential for Upcoming Quarters

After the stock market started a brief sell-off this week, most market participants let their emotions get the best of their portfolios, either selling out of stocks that they should never let

Rivian is Heading Back to $10 or Lower: Here’s WhyPhoto, wide shot, wide-angle lens, soft focus,  Car rental company, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-Ew7cRec38UnlyYzs41FVEri5.png?st=2023-12-29T14%3A03%3A41Z&se=2023-12-29T16%3A03%3A41Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T15%3A03%3A25Z&ske=2023-12-30T15%3A03%3A25Z&sks=b&skv=2021-08-06&sig=vZPI3wL5I%2BC5Zknik6hYtwmYdTdsE1ct/DM1evRA8EI%3D
Rivian is Heading Back to $10 or Lower: Here’s Why

Rivian (NASDAQ: RIVN) made progress on several fronts in Q2 and reached a pivotal quarter, at least in the eyes of its CEO. However, despite the good news, the stock price will return to $10 and

Shopify Stock  Fires a Strong Buy Signal After Robust ResultsPhoto, wide shot, wide-angle lens, soft focus,  IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
Shopify Stock Fires a Strong Buy Signal After Robust Results

Shopify’s (NYSE: SHOP) Q2 results prove it can navigate and thrive in a challenging environment. Highlights include outperformance in every metric, robust cash and free cash flow, and an outlook

Cathie Wood's Favorite Dips: Recent Stock Buys RevealedPhoto, wide shot, wide-angle lens,  Private equity firm, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/6a5872d8-cc25-46f8-b436-bf3db1953908.png
Cathie Wood's Favorite Dips: Recent Stock Buys Revealed

Some investors have been worried about the recent sell-offs across the global stock markets. The so-called “Carry Trade” between currencies has been abandoned since the Bank of Japan recently

Celsius Stock Defies Market Sell-Off with More Upside Ahead
Celsius Stock Defies Market Sell-Off with More Upside Ahead

After a brief correction sell-off across global stock market indexes over the past couple of trading days, investors may be looking for places in the market where their capital might be safer

Oversold and Underloved, Disney is Ready to Rebound Strongly
Oversold and Underloved, Disney is Ready to Rebound Strongly

The Walt Disney Company’s (NYSE: DIS) Q3 results and guidance are solid, leaving many questioning why the stock remains under pressure. The primary reason is a caution that economic pressures

What Are Bonds? A High-Level Overview
What Are Bonds? A High-Level Overview

When you make a large purchase, like a house or an automobile, you often need to borrow money to balance your finances. Not everyone has a liquid $400,000 set aside for home ownership, but a more

Super Micro Stock Drops Sharply After Earnings on Margin Concerns
Super Micro Stock Drops Sharply After Earnings on Margin Concerns

Super Micro Computer Inc. (NASDAQ: SMCI) stock is down more than 13% the morning after it delivered its fourth quarter and full-year 2024 earnings report. The curiosity isn’t why the stock is

Lyft’s First-Ever Profit, but the Outlook Is a Speed BumpPhoto, wide shot, wide-angle lens, soft focus,  IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump

Lyft (NASDAQ: LYFT) released its second quarter 2024 earnings report, revealing a remarkable milestone. Lyft’s financial release shows that the company achieved GAAP profitability for the first