Rebecca Moretti

2 months ago | sherwood.news | Rebecca Moretti

Rebecca Moretti / Thursday, January 30, 2025Coming in bot… Big Tech earnings. Microsoft’s AI-boosted cloud biz failed to make it rain last quarter. The tech titan managed to beat sales and profit growth expectations, but investors were unimpressed by its Azure cloud segment, which grew slower than expected. The stock tumbled after hours. Meantime, Meta shares spiked 5% after it crushed quarterly sales and profit expectations, with revenue up 21% year over year — to a record $48B — and profit up 50%.

Jan 23, 2025 | sherwood.news | Rebecca Moretti

Rebecca Moretti / Friday, January 24, 2025Middle seat, last row… where American Airlinesis mentally after earnings. The airline’s stock descended 9% yesterday after it unloaded a bummer forecast: it expects a larger-than-expected loss for this quarter as its costs rise. Last quarter wasn’t bad: Q4 profit surged and sales rose 5%. For the full year, it notched a record $54B in sales.

Jan 14, 2025 | sherwood.news | Rebecca Moretti

Rebecca Moretti / Wednesday, January 15, 2025When optimism backfires… Eli Lillystock fell 7% yesterday after the pharma juggernaut trimmed its annual sales forecast, saying demand for its weight-loss and diabetes drugs wouldn’t match the lofty levels it had expected. Its diabetes treatment, Mounjaro, and obesity drug, Zepbound, have spiked in popularity as more folks inject them to shed pounds.

Jan 12, 2025 | sherwood.news | Rebecca Moretti

Rebecca Moretti / Monday, January 13, 2025#GRWM… to decide TikTok’s future. On Friday, the US Supreme Court heard arguments over the TikTok ban-or-divest law, which could lead to the app’s 170M American users losing For You Page access. The supremes’ ruling, expected soon, will decide whether the popular app can be banned in the US on January 19, if Chinese parent ByteDance doesn’t divest from it (spoiler: it has no plans to sell).

Jan 8, 2025 | sherwood.news | Rebecca Moretti

Rebecca Moretti / Thursday, January 09, 2025Quantum bits of anxiety… High-flying quantum-computing stocks nosedived yesterday after Nvidia boss Jensen Huang said the tech is decades away from being useful. He said it’s believable that “very useful” quantum computers will arrive in 20 years, a timeline investors seem repulsed by. Shares of Rigetti Computing plunged 45% yesterday, while rivals like D-Wave Quantum, Quantum Computing, andIonQ plunged about 40%.