Articles by James Calloway
Medtronic Stock Drops 6% Ahead of Earnings Report
Medtronic shares fell 6.1% last week to $73.81 ahead of its fiscal Q4 earnings on June 3. Options imply a 4.1% move. The company recently agreed to buy SPR Therapeutics for $650 million.
Ciena Shares Slide 13% on Mixed AI Network Demand Signals
Ciena shares dropped 13% following its fiscal Q2 earnings release, as AI-driven demand for optical networking hardware met a cautious market. The stock remains up over 140% year-to-date.
Samsara Stock Surges Ahead of Q1 Earnings; Options Hint at Big Swing
Samsara shares surged 10.8% on Friday to $34.99, capping a 12% weekly gain ahead of its fiscal Q1 earnings report due June 4, with options suggesting a potential 13% swing.
Snap Stock Slips as Ad Recovery Remains Elusive
Snap Inc. shares fell nearly 2% to $5.80 on Friday, underperforming the broader market as advertising revenue growth remained sluggish.
AT&T Lags Market Rally as $45B Payout Plan Takes Center Stage
AT&T closed lower on Friday, underperforming major indices. The company reiterated its $45 billion capital return plan for 2026-2028 and provided updates on free cash flow, network investments, and new wireless pricing.
Adobe Shares Surge 6.5% as Wall Street Reassesses AI Competition
Adobe shares surged 6.5% to $257.10, driven by renewed buying ahead of earnings, despite ongoing AI competition from Canva and Figma.
Gap Shares Tumble 17.6% After Old Navy Weakness Prompts Sales Forecast Cut
Gap shares fell 17.6% to $20.60 after cutting its full-year sales forecast, citing weak demand at Old Navy, particularly in women's dresses. Net sales rose 1% to $3.5 billion, missing earlier growth targets.
CrowdStrike Rides AI Wave to New Heights Ahead of Earnings
CrowdStrike shares climbed 6.5% as AI-driven cybersecurity demand lifts sector. Earnings report due June 3.
Costco Stock Dips Despite Strong Sales as Profit Misses Mark
Costco shares dropped 4.6% despite an 11.6% sales surge, as earnings missed analyst estimates and valuation concerns persisted.
Dell Stock Surges on AI Server Boom, Lifts Full-Year Forecast
Dell shares surged nearly 28% after the company raised its full-year revenue target and reported AI server sales of $16.1 billion, outpacing PC revenue. A $9.7 billion U.S. War Department contract added to the momentum.