Tesla’s (TSLA) Profits Decline 37% as Profit Margins Sink Due to Price Cuts, R&D
Tesla (TSLA) stock as been weak as spending on Cybertruck, Optimus, and Dojo as well as price cuts on autos are hurting profits.
Tesla (TSLA) stock as been weak as spending on Cybertruck, Optimus, and Dojo as well as price cuts on autos are hurting profits.
Johnson & Johnson’s (JNJ) stock slumps to a one-year low of as investors are concerned about litigation from lawsuits.
Lockheed Martin (LMT) jumped 9% after the Israel-Hamas War broke out as countries are expected to spwnd more on defense.
UnitedHealth (UNH) delivered a healthy qtr as profit grew 13% while sales grew 14%, helping the stock to keep its upward momentum.
Domino’s (DPZ) delivered mixed results last qtr as profits grew a sparkling 50%. But revenue growth of -4% was uninspiring.
RH (RH) is having trouble growing sales and profits right now as high mortgage rates and a sluggish economy dampen demand.
Cadence Design Systems (CDNS) makes software that designs microchips & is seeing increasing adoption for its AI portfolio.
UPDATE: Medical device maker InMode (INMD) is warning on profits, thus the stock will be sold from the Growth Portfolio.
Nike (NKE) is in a slow-growth period as a tough economy is slowing consumer spending. Growth is now set to return in early 2024.
Wingstop (WING) sees deliveries on the rise. Perhaps from 30% of sales to greater than 50%. And that’s increasing unit volume too.
Bill.com’s (BILL) partnership with Bank of America looks to deliver growth opportunity, and also cements BILL’s future in bill payments.
MongoDB’s (MDB) database management software is a big hit with programmers. And the platform is perfect for Artificial Intelligence.