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Shares of German tech giant SAP soar after upbeat Q2 2024 results

SAP's Q2 2024 results show a 10% revenue increase to €8.29 billion, driven by a 25% rise in cloud revenue. Shares opened 5% higher, hitting record highs. SAP SE unveiled its Q2 2024 financial results on Monday after market close, showcasing a robust performance driven by significant strides in cloud revenue and strategic advancements in…

ByPexecoJuly 23, 20240Comments

Stocks

Ryanair Alerts to Potential Dip in Summer Fares Amidst Declining Profits

Ryanair was one of the many airlines impacted during the recent Microsoft outage that led to several flight cancellations and airport issues on 19 July. SRyanair's first quarter results for the financial year 2025 results have revealed lower profits and a dampened summer fare guidance for shareholders. The company recorded a profit of €360 million…

ByPexecoJuly 22, 20240Comments

Stocks

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

KEY TAKEWAYS Tesla shares surged again Wednesday as analysts raised price targets for the stock after second-quarter deliveries beat expectations. Tesla shares are approaching their highest point of the year, and have risen almost 25% this week alone. Wedbush analysts raised their price target for Tesla and called it "the most undervalued AI play" on…

ByPexecoJuly 20, 20240Comments

Stocks

CrowdStrike Stock Plunges, Rivals Jump, as Update ‘Defect’ Causes Microsoft Outage

KEY TAKEWAYS CrowdStrike shares plunged in premarket trading Friday, while those of its rivals surged, after the cybersecurity firm said an update "defect" caused Microsoft's cloud services outage. The outage impacted services globally of airlines, banks, and other businesses Friday. Wedbush analyst Dan Ives told CNBC that while CrowdStrike's long-term story stayed intact, rivals "will try to…

ByPexecoJuly 19, 20240Comments

Stocks

BYD may overtake Tesla to become the biggest EV seller in Europe

The Chinese carmaker BYD reported record sales in the second quarter, likely overtaking Tesla to become the biggest electric car seller globally, particularly in Europe and China. The largest Chinese carmaker, BYD, reported a record number of new energy vehicles (NEVs) in the second quarter, including pure electric vehicles (EVs) and plug-in hybrid cars (PHEVs).…

ByPexecoJuly 17, 20240Comments

Stocks

Apple’s App Store Faces EU Scrutiny for Violating Digital Markets Act

KEY TAKEWAYS Apple's App Store policies were found in violation of Europe's new Digital Markets Act, European regulators said Monday. Users are not able to be "steered" away from the App Store to make payments and find better offers as easily as they should be, the European Commission alleged. If the charges are confirmed, Apple…

ByPexecoJuly 10, 20240Comments

Stocks

Inside Allianz SE: A brief story & stock performance

Allianz Group, one of the top asset managers and insurers in the world, employs more than 157,000 people globally and serves 125 million* individual and business clients across nearly 70 countries. The Allianz Group’s total business volume in the 2023 fiscal year was close to 162 billion euros. At the end of the year, Allianz…

ByPexecoJuly 7, 20240Comments

Stocks

Optimism About Tesla Deliveries Boosts Its Stock

KEY TAKEWAYS Tesla is expected to release second-quarter delivery numbers Tuesday. Its shares gained today on optimism that the electric vehicle (EV) maker will post solid numbers. On Monday, Chinese EV rivals posted strong numbers, and their shares were up as well. Wedbush Securities analysts believe Tesla's growth in China is turning around. Tesla (TSLA)…

ByPexecoJuly 2, 20240Comments

Stocks

Target Teams With Shopify To Boost Online Sales

KEY TAKEWAYS Target is partnering with Shopify to increase sales on its digital platform. The agreement expands the offerings Target has on its Target Plus marketplace. Some Shopify merchants will be allowed to sell their products at Target's physical stores as well. Target (TGT) shares advanced in intraday trading Monday after the retailer announced a…

ByPexecoJune 24, 20240Comments

Stocks

Elon Musk’s xAI Partners with Dell and Super Micro for AI Hardware

KEY TAKEWAYS Elon Musk announced that Dell Technologies and Super Micro Computer will be providing hardware for his artificial intelligence (AI) project. Musk said the two companies would be involved in assembling the supercomputer that his startup, xAI, is building. Dell CEO Michael Dell also noted that Dell was working with Nvidia to create a…

ByPexecoJune 21, 20240Comments

European Central Bank ready to cut?

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ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Stocks

Ryanair Alerts to Potential Dip in Summer Fares Amidst Declining Profits

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

Apple’s App Store Faces EU Scrutiny for Violating Digital Markets Act

Optimism About Tesla Deliveries Boosts Its Stock

Target Teams With Shopify To Boost Online Sales

Elon Musk’s xAI Partners with Dell and Super Micro for AI Hardware