Welcome to Extreme Investor Network, where we provide you with the latest updates on companies making headlines in the stock market. In today’s midday trading report, we have some interesting developments to share with you:
1. Apple: Shares of Apple are up 2% ahead of the company’s second-quarter results, which are due after the closing bell. Keep an eye on this tech giant’s performance.
2. Peloton: Despite a 13% drop in share price, Peloton is making changes with CEO Barry McCarthy stepping down and layoffs announced. Learn more about how the company is aligning its spending with revenue.
3. Qualcomm: With a 9% rise in share price, Qualcomm exceeded analyst expectations with adjusted earnings in its latest quarter. Discover why demand for advanced chips is driving this growth.
4. Wayfair: This home furniture retailer saw a 13.5% jump in share price after beating earnings and revenue expectations. Find out more about their financial performance.
5. Carvana: Shares of the used car retailer surged more than 32% after reporting its best-ever quarterly earnings. Learn about the factors contributing to this success.
6. Cigna: Despite surpassing Wall Street estimates in the first quarter, stock in this insurance provider fell 2.5%. Explore the reasons behind this market reaction.
7. Moderna: The vaccine maker saw a 7% increase in share price after posting better-than-expected earnings for the first quarter. Stay informed about their progress in vaccine development.
8. DoorDash: Despite a nearly 14% drop in share price, DoorDash exceeded revenue expectations in the first quarter. Dive deeper into the reasons behind this stock movement.
9. Etsy: Shares of Etsy plummeted 15% after reporting an earnings miss in the first quarter. Learn more about the factors contributing to this decline.
10. Zillow: The real estate marketplace operator’s stock slid 5% after issuing weak guidance for the current quarter. Gain insights into their revenue projections and market outlook.
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