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Nvidia blows the lights out, but China clampdown causes concerns
Thursday 23 Nov 2023The AI boom continues to drive stunning revenue growth for Nvidia (NVDA:NASDAQ) , which smashed already-elevated earnings expectations, but the firm issued a veiled threat that US restrictions on selling advanced chips to China may come at a cost. Nvidia clocked adjusted earnings per share of $4.02...
UK takeover focus turns to consumer-facing stocks
Thursday 23 Nov 2023Predators continue to swoop on the UK stock market’s undervalued prey and a number of consumer-facing firms have drawn bids or flagged takeover interest since Shares addressed the mergers and acquisitions theme on 16 November. High-profile targets include Hotel Chocolat ( HOTC:AIM ) , City Pub...
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...