Articles by James Calloway
J&J Q1 Earnings Surpass Expectations, Lifts 2026 Forecast
Johnson & Johnson exceeded Wall Street's first-quarter forecasts, driven by strong performance from Darzalex and Tremfya. The company raised its full-year 2026 sales guidance.
Wells Fargo Q1 Earnings Top Estimates, Revenue Shortfall Weighs on Stock
Wells Fargo's first-quarter net income rose 7% to $5.25 billion, exceeding analyst expectations. However, revenue and key lending metrics fell short of forecasts, pressuring the stock in premarket trading.
JPMorgan Q1 Profits Soar 13% on Trading Boom, Dimon Flags Economic Risks
JPMorgan Chase kicked off bank earnings with a 13% surge in first-quarter profit, driven by a record performance from its trading desks. CEO Jamie Dimon highlighted an 'increasingly complex' risk environment.
Netflix Q1 Earnings: Wall Street Eyes Ad Revenue and Pricing Strategy
Netflix's upcoming earnings report on April 16 has analysts focused on advertising revenue growth and recent subscription price increases. The company is projected to double ad revenue to $3 billion this year.
Super Micro Board Probe into China Server Diversion Tests Investor Confidence
Super Micro Computer is under a board-driven investigation into claims servers were diverted to China, as U.S. prosecutors allege former associates funneled $2.5B in AI technology. Shareholders will vote on directors at an April 15 meeting.
SBTi Reports 40% Surge in Corporate Climate Targets as Asia Nears European Leadership
Corporate climate commitments validated by the Science Based Targets initiative soared 40% to 9,764 companies by the close of 2025. Asia's rapid expansion, adding 1,216 firms, brings it nearly level with Europe's growth.
Salesforce Plunges to 52-Week Low Amid Sector-Wide Software Selloff
Salesforce shares tumbled to a fresh 52-week low, dropping 3.7% to $169.76, even after reporting strong quarterly results and expanding its share repurchase program to $50 billion. The decline reflects broader anxieties in the software industry.
ServiceNow Shares Sink to New Low Amid Analyst Caution Ahead of Q1 Report
ServiceNow shares tumbled more than 5% to a new 52-week low Thursday after multiple analysts reduced price targets, highlighting concerns over federal spending and growth. The company announced a broad AI integration across its product suite ahead of its April 22 earnings report.
SoFi Shares Decline Amid Analyst Target Cuts Ahead of Q1 Report
SoFi Technologies shares dropped nearly 2% after analysts at KBW and Wells Fargo reduced their price targets. The financial technology company faces scrutiny over its loan portfolio ahead of its first-quarter earnings report later this month.
FAA Proposes $255K Fine Against American Airlines Over Safety Testing Lapses
The Federal Aviation Administration has proposed a $255,000 civil penalty against American Airlines, alleging the carrier returned 12 flight attendants to safety-sensitive duties before completing mandatory follow-up drug and alcohol tests. The alleged violations occurred between May 2019 and December 2023.
Institutions Boost Netflix Holdings Ahead of Q1 Earnings Following Goldman Upgrade
Netflix saw significant institutional buying in Q4, with Stock Yards Bank & Trust boosting its stake by over 1,000% and Ethos Capital opening a new position. This comes ahead of the company's April 16 earnings report and a recent Goldman Sachs upgrade.
Institutional Investors Adjust Alphabet Positions Ahead of Q1 Earnings
Recent 13F filings show mixed institutional moves in Alphabet shares as the market awaits first-quarter results on April 29. Zevenbergen boosted its Class A position while two other firms reduced Class C holdings.