Articles by James Calloway
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.
HP Stock Rises on AI PC Growth; Margins Under Pressure from Memory Costs
HP shares gained after beating Q2 estimates, with AI PCs now 44% of shipments. However, rising memory costs and a trimmed 2026 EPS forecast tempered the outlook.
Okta Stock Surges 20% on Strong Earnings, AI Identity Hype
Okta shares jumped nearly 20% after beating Q1 expectations, with analysts raising price targets on strong cRPO growth and early AI agent adoption.
Photronics Rebounds Slightly After Steep Drop on Weak Earnings and Outlook
Photronics shares saw a modest premarket bounce after losing over a third of their value on a disappointing quarterly report and cautious outlook.
HPE Stock Surges on Dell's Bullish AI Server Outlook
HPE shares surged 23.5% premarket after Dell boosted its AI-server outlook. HPE's fiscal Q2 results are due Monday, with investors eyeing margin trends.