Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCServiceNow posted strong second-quarter results and lifted its guidance Wednesday. Shares climbed 7% following the report.Here’s how the company performed compared to LSEG estimates:Earnings per share: $4.09 adjusted vs. $3.57 expectedRevenue: $3.22 billion vs. 3.12 billion expectedSubscription revenues, which account for the majority of the enterprise technology company’s revenues, hit $3.11 billion and topped a $3.03 billion forecast from StreetAccount.The company boosted its full-year subscription revenue guidance to between $12.775 billion…
Author: usaeverydaylife
Citi sees a strong setup for energy drink giant Celsius this year and heading into 2026. Analyst Filippo Falorni initiated coverage of the energy drink maker with a buy rating and target price of $55, which implies the stock could jump 24% from Tuesday’s close. The analyst pushed back against fears that Celsius has little room to run after its roughly 68% rally this year, noting the company’s long-term growth potential justifies its current valuation. In the near term, Falorni expects to see sales growth powered by an overall reacceleration of the U.S. energy drink category from the recently acquired…
A Chipotle restaurant in San Francisco on Jan. 31, 2025.David Paul Morris | Bloomberg | Getty ImagesChipotle Mexican Grill on Wednesday cut its forecast for same-store sales growth this year after traffic declined for a second straight quarter.The burrito chain now anticipates flat same-store sales growth for 2025, down from its prior projection of a low-single digit percentage increase. Chipotle trimmed its same-store sales outlook for the second consecutive quarter.Shares of the company fell 10% in extended trading.Here’s what the company reported for its second quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 33 cents adjusted, in line with expectationsRevenue: $3.06…
Emmanuel Macron, President of France, arrives in Downing Street with his wife Brigitte Macron during his first inward State Visit to the United Kingdom on 9th July 2025 in London, United Kingdom. Mark Kerrison | In Pictures | Getty ImagesFrench President Emmanuel Macron and his wife, Brigitte, on Wednesday sued right-wing provocateur podcaster Candace Owens for repeatedly falsely claiming that Brigitte Macron “is in fact a man.”The Macrons’ 22-count civil lawsuit accusing Owens of defamation and false light alleges that Owens, since March 2024, has “used this false statement” about Brigitte Macron “to promote her independent platform, gain notoriety, and…
Tesla is slated to release second-quarter results after the stock market’s closing bell Wednesday, and most analysts are adopting a cautious stance toward Elon Musk’s flagship business. Earlier this month, the electric vehicle maker reported a 14% decline in second-quarter vehicle deliveries . Now, analysts surveyed by LSEG expect that Tesla will see earnings slump 21% from a year ago, to 41 cents per share, on $22.62 billion in revenue, down more than 11% from the year-earlier period. Those declines would compound the dominant U.S. EV company’s first-quarter results, which missed Wall Street’s estimates on both the top and bottom…
The energy sector is lagging the S & P 500 this year, but Wolfe Research spotted a couple of stocks that could be poised to gain. Oil prices have been soft this year, with West Texas Intermediate crude futures off about 9% per barrel, and Brent crude futures down 8%. Supply of the commodity has remained plentiful, and eight members of the OPEC+ cartel agreed earlier this month to lift production by 548,000 barrels a day. Similarly, the performance of energy stocks has been lackluster, with the S & P 500 sector only up by about 1% in 2025 versus…
Jeffrey Epstein in 2004.Rick Friedman | Corbis News | Getty ImagesA federal judge on Wednesday denied a request by the Trump administration to unseal the transcripts of grand jury proceedings related to a criminal investigation of sex offender Jeffrey Epstein in Florida in the mid-2000s.The ruling does not affect two other pending requests by the Department of Justice that seek to obtain transcripts of grand jury proceedings related to later federal investigations of Epstein and his accomplice, Ghislaine Maxwell, in New York. Those separate proceedings led to criminal indictments of them in 2019 and 2020, respectively, in U.S. District Court…
Morgan Stanley expects a handful of stocks that are reporting quarterly results soon to see big gains. Second-quarter earnings season has so far impressed Wall Street, even as investors keep an eye on commentary about tariff-related uncertainty and artificial intelligence spending and demand. Of the 88 S & P 500 companies that have reported results, more than 82% have beaten analysts’ estimates, according to FactSet data. Analyst Michelle Weaver wrote in a Tuesday note to clients that Morgan Stanley expects a “normal” rate of companies outpacing earnings estimates this season. “Given the downward EPS revisions we saw in April /…
U.S. President Donald Trump meets with Philippine President Ferdinand Marcos Jr. (not pictured), in the Oval Office at the White House in Washington, D.C., U.S., July 22, 2025. Kent Nishimura | ReutersPresident Donald Trump on Tuesday said the administration is considering ending capital gains taxes on home sales to boost the housing market. When asked about the idea in the Oval Office on Tuesday, Trump told reporters, “we’re thinking about that.””If the Fed would lower the [interest] rates, we wouldn’t even have to do that,” he said. “But we are thinking about no tax on capital gains on houses.”Under current…
The VanEck Oil Services ETF (OIH) may not be making headlines lately — especially with large-cap growth and meme stocks dominating both the news cycle and performance rankings — but it has been showing signs of life, which we should keep on our radar going forward. First, it’s clear that the ETF has been trending higher since the April lows, though the advance has been jagged so far. OIH has been making higher lows, but each rally attempt has eventually been sold into. That being said, both of the recent pullbacks have respected the rising 50-day moving average, which now has begun to…
