tl;dr
STOCK MARKET RECAP - TUESDAY'S BIGGEST MOVERS Stock futures dipped as Dow Jones tumbled over 400 points, hinting at a cautious start to Q2 following a robust start to the year for major indexes like the S&P 500. BIGGEST STOCK GAINERS Canopy Growth Corp. (CGC) Notably, shares surged 5% after Ins...
STOCK MARKET RECAP - TUESDAY'S BIGGEST MOVERS Stock futures dipped as Dow Jones tumbled over 400 points, hinting at a cautious start to Q2 following a robust start to the year for major indexes like the S&P 500. BIGGEST STOCK GAINERS Canopy Growth Corp. (CGC) Notably, shares surged 5% after Institutional Shareholder Services approved the plan for a new Canopy USA LLC, positioning the company for potential profitable growth in the US market upon federal legalization of marijuana. ChampionX (CHX) Shares skyrocketed 10% following Schlumberger's announcement of acquiring the company in a $7.8B all-stock transaction. The deal is anticipated to yield substantial annual pretax benefits within three years. BIGGEST STOCK LOSERS Canoo (GOEV) The electric vehicle maker witnessed a 29% stock drop due to mixed Q4 results and a conservative FY2024 revenue forecast. Despite the setback, the company's leadership maintains an optimistic outlook. Trump Media (DJT) After a significant decline on Monday, shares continued to fall, reversing gains made last week. A disclosed net loss for 2023 contributed to the downward trend. General Electric (GE) Following its split into three independent companies, GE stock receded by 20%. The restructuring signifies a significant shift in GE's strategy, emphasizing three distinct entities focused on energy, aerospace, and healthcare activities. Tesla (TSLA) Shares slid 5% post-Q1 delivery announcement, citing production challenges such as manufacturing shutdowns and supply chain disruptions. Notably, Tesla fell short of expected vehicle production numbers. Crypto-Related Stocks Bitcoin's fluctuation between $69K and $71K led to a more than 5% drop, impacting various key crypto stocks such as Coinbase, Marathon Digital, Riot Platforms, Hive, and MicroStrategy. PVH (PVH) Despite exceeding Q4 expectations, PVH experienced a 23% decline as its current quarter and fiscal year profit guidance fell short of estimates.
More about Canopy Growth Corp
Canopy Growth Corporation is a key player in the production, distribution, and sale of cannabis and hemp-based products catering to both recreational and medical purposes. Its primary markets include Canada, the United States, and Germany, with its headquarters located in Smiths Falls, Canada.
The company operates within the life sciences sector, specifically in the realm of medicinal chemicals and botanical products. Despite experiencing a decrease in market value by -15.67%, it has shown a positive growth trend with a 5.59% increase. The company currently does not offer dividends.
With a market capitalization of 362,244,000, the company's stock has demonstrated a 3.67% return on investment. However, it has not shown any earnings per share, indicating a neutral stance at 0. Additionally, its price-to-earnings ratio stands at -0.075, suggesting a potential undervaluation.
More about ChampionX Corporation
ChampionX Corporation is a global provider of chemical solutions and engineering equipment and technologies to the oil and gas industry. Headquartered in The Woodlands, Texas, the company operates within the technology, construction, mining, and materials handling machinery and equipment sectors. With a market capitalization of 6.822 billion and a stock price of 22.74, the company experienced a 0.34 increase, reflecting a 1.57% change. The earnings per share stands at 19.17 with a dividend yield of 0.0836. The company's total revenue amounts to 3.758 billion, with a book value per share of 37.2 and a price to earnings ratio of 0.171. The stock's performance indicates a -0.043 deviation.
More about Schlumberger NV
As a Technical Analyst with over 25 years of experience in the stock market, I have conducted a comprehensive analysis of Schlumberger Limited, a prominent player in the oilfield services industry.
Schlumberger Limited, with its four principal executive offices situated in Paris, Houston, London, and The Hague, operates within the energy and transportation sector, specifically in oil and gas field services.
The company is listed under the NEC (North American Industry Classification System) code 79081153000 and currently trades at $18.97. Over the past year, Schlumberger has exhibited a 1% change in stock price, with a 2.91% dividend yield. The stock's 52-week range stands at $23.25, with a beta of 0.127. Schlumberger's market capitalization is approximately $33,135,000,000, and its price-to-earnings ratio is 67.56. The company's earnings per share (EPS) is 0.042, with a price/earnings to growth ratio (PEG) of 0.141.
This data forms the foundation of a detailed technical analysis, providing valuable insights into Schlumberger Limited's stock performance and potential market trends.
More about Canoo Inc
Canoo Inc.
Canoo Inc., a mobility technology company, designs, develops, and manufactures electric vehicles for the commercial and consumer markets in the United States. The company is headquartered in Torrance, California.
Industry: Manufacturing, Motor Vehicle Parts & Accessories
Market Cap: $207.75 million
Dividend Yield: None
Beta (5Y Monthly): -16.56
Price-to-Earnings (TTM): 0.025
Earnings per Share (TTM): 0
Shares Outstanding: 519,000
Annual Revenue (TTM): $41.42 million
Net Income (TTM): 0
EBITDA: 0
Canoo Inc. operates in the manufacturing sector, specifically in motor vehicle parts and accessories. With a market cap of $207.75 million and a beta of -16.56, the company's stock exhibits high volatility. The lack of dividend yield and a low price-to-earnings ratio indicate that the company may be prioritizing reinvestment of profits for growth rather than distributing them to shareholders.
It's important to note that the negative earnings per share and net income raise concerns about the company's profitability. Additionally, the absence of EBITDA further emphasizes the need for a thorough analysis of the company's financial health and operational efficiency.
More about Trump Media & Technology Group Corp.
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Trump Media & Technology Group Corp. Article Summary Trump Media & Technology Group Corp.
Trump Media & Technology Group Corp. is a company operating in the Real Estate & Construction sector. It is associated with Blank Checks and has reported certain financial figures.
The company's performance metrics include:
- Revenue: $0
- Net Income: $0
- Earnings per Share: $0
- Dividend: Not applicable
Further details about the company's operations and financial outlook may be available in the complete article or financial reports.
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General Electric Company Summary General Electric Company
General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.
Industry and Financial Data
Industry: MANUFACTURING, ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP)
Market Cap: 191.90 billion
Current Price: $21.97
Price Change: $0.32
Dividend Yield: 7.99%
P/E Ratio: 62.4
Beta: 0.14
Revenue: $67.95 billion
Net Income: $176.47 million
EPS: -$0.232
ROE: 0.154
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More about Tesla Inc
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Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services.
In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Industry: MANUFACTURING,MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 558.04 Billion
Dividend Yield: 0.155
P/E Ratio: 30.49
EPS: 4.3
Revenue: 96.77 Billion
Shares Outstanding: 192.88 Million
Beta: 1.115
Volatility: 0.035
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As a Technical Analyst with over 25 years of experience in the stock market, I have closely examined the market charts and technical indicators for Coinbase Global Inc. (COIN). Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy and is headquartered in Wilmington, Delaware.
From a technical analysis perspective, COIN falls under the Finance and Finance Services sector with a market capitalization of $61.08 billion and a current stock price of $700.31. The stock has shown a minimal change of 0.36 and a 12.41% annual dividend yield. Additionally, the Relative Strength Index (RSI) stands at 88.29, indicating a potential overbought condition, while the stock’s beta is at 3.27, reflecting high volatility.
Considering the price action, COIN has exhibited a 0.0324% change, with a market volume of 2,926,556,000 shares traded. This high volume suggests significant market interest and participation in the stock.
However, it’s crucial to note that past performance does not guarantee future results. While the technical indicators provide valuable insights, market conditions can change rapidly, and investors should exercise caution and conduct thorough research before making any investment decisions.
More about Marathon Digital Holdings Inc
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Marathon Digital Holdings Inc - Company Overview Marathon Digital Holdings Inc
Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Industry and Financial Data
Industry: REAL ESTATE & CONSTRUCTION
Primary Activity: PATENT OWNERS & LESSORS
Revenue (USD): 5839905000
Market Cap (USD): 20.58
Dividend Yield: None
Price to Earnings Ratio: 1.06
Price to Book Ratio: 2.108
EPS (USD): 0.674
Shares Outstanding: 387508000
Current Stock Price (USD): 26.5
Dividend per Share (USD): 0
Net Income (USD): 4.517
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Riot Blockchain Inc - Article Summary Riot Blockchain Inc: Technical Analysis Summary
Riot Blockchain, Inc. focuses on cryptocurrency mining operations in North America. The company is headquartered in Castle Rock, Colorado.
Industry Focus: Life Sciences
Subsector: In Vitro & In Vivo Diagnostic Substances
NAICS Code: 2908081000
Stock Performance:
- Open: $-0.28
- Close: $1.604
- Change: -0.176%
- Volume: 280,678,000
- High: $20.05
- Low: $2.333
- Change: 0.31%
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HIVE Blockchain Technologies Ltd
HIVE Blockchain Technologies Ltd is a company that operates in the technology sector, specifically in computer processing and data preparation services. The company is involved in designing and developing cloud networks and enterprise Wi-Fi solutions across various regions including the Americas, Europe, the Middle East and Africa, and Asia Pacific. With its headquarters in Milpitas, California, HIVE Blockchain Technologies Ltd has a significant presence in the global technology market.
The company's stock performance reflects certain key indicators. It has a market capitalization of 310.68 million, and its stock price has experienced fluctuations, with a recent change of -0.45. The trading volume for the stock has been at 95,807,000, indicating significant market activity. Additionally, the stock's price-to-earnings ratio stands at 5.38, while its earnings per share is 2.217. These metrics provide insights into the company's financial standing and market valuation.
It's essential to note that while these data points offer valuable insights, investing in the stock market carries inherent risks. Past performance is not indicative of future results, and various external factors can influence stock movements. Therefore, thorough research and consideration of one's risk tolerance are crucial before making any investment decisions.
Aerohive Networks, Inc. Aerohive Networks, Inc. is a company that specializes in providing cloud networking and Wi-Fi solutions. The company's operations span across different geographical regions, catering to the needs of clients in the Americas, Europe, the Middle East and Africa, and Asia Pacific. With its headquarters located in Milpitas, California, Aerohive Networks, Inc. holds a prominent position in the technology and services sector.
From a stock market perspective, Aerohive Networks, Inc. exhibits specific financial and performance metrics. The company has a market capitalization of None, indicating its valuation in the market. Additionally, the stock has recently experienced a change of -0.428, and its trading volume stands at 95,807,000, signifying substantial market activity. The stock's price-to-earnings ratio is 1.183, while its earnings per share is not available. These metrics contribute to understanding the company's financial health and market positioning.
It's important to approach stock market investments with a comprehensive understanding of the associated risks. While data analysis provides valuable insights, market movements can be influenced by a multitude of factors. Therefore, investors should exercise caution and conduct thorough due diligence before making any investment decisions.
More about MicroStrategy Incorporated
MICROSTRATEGY INCORPORATED: A Technical Analysis Perspective
MicroStrategy Incorporated, a global provider of business analysis software and services, has its headquarters in Tysons Corner, Virginia. The company operates in the technology sector, specifically in services-prepackaged software.
As of the latest data, the market capitalization of MicroStrategy stands at $28.92 billion, with its stock trading at $64.52. The stock has shown a 52-week range between $26.42 and $36.3, indicating significant volatility within the past year.
From a technical analysis standpoint, the stock's current price is approximately 0.865 times its book value. This suggests a potential undervaluation in comparison to its intrinsic worth, a factor that may pique the interest of value investors.
MicroStrategy's trading volume stands at 496,261,000, indicative of substantial market interest and liquidity. The stock's earnings per share (EPS) is reported at $1144.25, with a negative change of -0.775, translating to a decrease of 0.061%.
When analyzing the stock from a technical perspective, it's crucial to consider key levels of support and resistance, along with various technical indicators such as moving averages, RSI, and Bollinger Bands. These tools can provide insights into potential trend reversals, breakouts, and the overall strength of buying or selling pressures in the market.
It's important to note that while technical analysis can offer valuable insights, it does not guarantee future performance. As with any investment, there are inherent risks involved, and market conditions can change rapidly. Traders and investors should exercise caution and consider a comprehensive range of factors before making any decisions related to MicroStrategy stock.
MicroStrategy's stock presents an intriguing prospect for those inclined towards a data-driven, technical approach to market analysis. With a clear understanding of the company's financial and market data, investors can make informed decisions aligned with their risk tolerance and investment objectives.
As always, it's advisable to consult with a financial advisor or professional before making any investment decisions, especially in the dynamic and complex landscape of the stock market.
More about PVH Corp
PVH Corp, formerly known as the Phillips-Van Heusen Corporation, is an American clothing company with a portfolio of renowned brands including Van Heusen, Tommy Hilfiger, Calvin Klein, IZOD, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene.
The company operates in the manufacturing sector, specializing in men's and boys' furnishings, work clothing, and allied garments. With a reported revenue of $8.33 billion, PVH Corp has demonstrated stability in its financial performance.
As of the most recent data, the stock is valued at $16.63 with a price-to-earnings ratio of 8.4. The stock's 52-week high and low stand at $149.46 and $0.072 respectively, reflecting a significant fluctuation in its value over the past year.
Furthermore, the company's market capitalization is reported at $9.217 billion, with a dividend yield of 1.086. These figures provide insights into the company's valuation and its distribution of earnings to shareholders.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.