Articles by James Calloway
DraftKings Posts $67.6M Loss Despite Record U.S. Open Handle
DraftKings swung to a $67.6M loss in Q2 despite a record $13.1B handle, as revenue fell 5% and ARPU dropped 13%. The U.S. Open highlights the volume-profit gap.
Netflix's 'Stranger Things' Spinoff Returns Sept. 17 as Ad Revenue Target Nears $3B
Netflix's animated spinoff returns Sept. 17 as Q2 revenue jumps 13% to $12.56B. Ad revenue forecast hits $3B for 2026, with shares up 2.35% Friday.
Tesla Shares Slide 1.7% as Operating Margin Shrinks to 1.4%
Tesla shares dropped 1.7% on Friday, cutting market value to $1.09 trillion. Q2 operating margin fell to 1.4%, while revenue rose 26%.
Micron Dips 0.3% as Q4 Guidance Tests High Bar for Margins
Micron shares dipped 0.3% on Friday despite strong Q3 results, as investors eye the September 30 report to justify an 86% gross margin forecast and $50B revenue guidance.
Ford's $4B EV Drain Clouds Raised 2026 Profit Outlook
Ford shares edged down 0.5% despite a raised 2026 EBIT forecast, as its EV division's projected $4B annual loss could consume up to 40% of operating profit.
Rivian Stock Slips 4.4% as CFO Exit Clouds R2 Ramp-Up
Rivian shares dropped 4.4% on Friday, erasing $1.1 billion in value, as CFO Claire McDonough's exit raises questions about the R2 production ramp.
SoFi Stock Drops 5.8% as Growth Fails to Lift Profit Outlook
SoFi (SOFI) closed down 5.8% at $18.06, erasing $1.4B in value, even as Q2 revenue surged 43%. The stock trades near 30x unchanged 2026 EPS guidance.
Plug Power Slips 3.5% as Cash Burn Raises Funding Concerns
Plug Power shares dropped 3.5% after reporting Q2 cash usage of $61 million, raising liquidity concerns. Revenue rose to $178 million, but breakeven margins remain a challenge.
Nu Holdings Tumbles 3.9% as Credit Risks Cloud Record Profit
Nu Holdings (NU) shares dropped 3.9% to $14.30, wiping out $2.8B in market value, as rising delinquencies to 6.9% tempered record Q2 earnings.
UiPath Options Signal 11% Swing as Q2 Earnings Loom
UiPath shares slipped 1% as options traders anticipate an 11% swing after Q2 earnings. Q1 revenue grew 17%, but Q2 guidance points to deceleration, pressuring valuation.
American Airlines Dips 0.6% as Record Revenue Meets Fuel Cost Surge
American Airlines stock slipped 0.6% on Friday despite record Q2 revenue, as a surge in fuel costs pressured margins. The carrier announced seven new international routes for 2027.
Marvell Tumbles 10% on Google AI Chip Revenue Deferral
Marvell shares dropped 10.3% on Friday despite record quarterly revenue, as investors focused on the delayed Google AI chip revenue timeline to fiscal 2029.