Jake Scott

6 days ago | schaeffersresearch.com | Jake Scott

Lyft Inc (NASDAQ:LYFT) stock is up 19.5% to trade at $15.54 at last glance, after the ride-sharing company increased its share buyback program to $750 million. While first-quarter revenue missed estimates, rides jumped 16% year-over-year to 218.4 million, topping forecasts of 215.1 million. Gross bookings rose 13% to $4.16 billion, narrowly beating expectations, while active riders climbed 11% to 24.2 million.

1 week ago | schaeffersresearch.com | Jake Scott

AppLovin Corp (NASDAQ:APP) stock is up 15.5% at $350.56 at last glance, after the AI-powered marketing platform posted blowout quarterly results and announced a major business shift. The company reported earnings of $1.67 per share, beating the consensus estimate of $1.45, while revenue came in at $1.48 billion — also topping expectations. AppLovin also announced plans to sell its mobile gaming business to Tripledot Studios in a deal valued at $800 million in cash.

1 week ago | schaeffersresearch.com | Jake Scott

Two electric vehicle (EV) makers -- Rivian Automotive Inc (NASDAQ:RIVN) and Lucid Group Inc (NASDAQ:LCID) -- just stepped into the earnings spotlight. While both reported mixed results, their updates provided fresh context on the state of the EV sector amid rising geopolitical and tariff pressures. Interestingly, the news appears to have lifted sentiment across the board, with Tesla (TSLA) trading higher in response.

1 week ago | schaeffersresearch.com | Jake Scott

Shares of Palantir Technologies Inc (NYSE:PLTR) are 8.3% lower at $113.56 before the bell, despite beating revenue expectations and raising its full-year outlook. The company posted first-quarter revenue of $884 million, topping estimates of $863 million, while adjusted earnings of 13 cents per share matched forecasts. However, the stock is under pressure as traders weigh the modest size of the beat, slowing customer growth, weakness in Europe, tariff-related concerns, and valuation headwinds.

1 week ago | schaeffersresearch.com | Jake Scott

Class B shares of Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.B) are down 6.3% at $505.66 at last glance, pulling back from Friday’s record high, after the conglomerate reported a 14% drop in first-quarter operating earnings. The decline was largely driven by a 48.6% plunge in insurance underwriting profits. Adding to the headlines, Buffett surprised shareholders at Saturday’s annual meeting by announcing plans to step down as CEO by year’s end.