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Apr 23 | Daily Finance News

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U.S. STOCK PICKS

  • U.S. stocks rose on Tuesday as the corporate earnings season picked up steam, and investors looked to build on the strong gains from the previous session.
  • Spotify surged more than 15% after surpassing Wall Street’s first-quarter estimates and issuing rosy second-quarter guidance.
  • UPS shares edged slightly higher after the delivery giant posted better-than-expected quarterly earnings.
  • PepsiCo, meanwhile, dipped 2.4% despite reporting better-than-expected earnings.
  • GE Aerospace also reported an earnings beat.
  • Tesla is slated to report earnings after the bell, followed by Meta Platforms on Wednesday afternoon.
  • Google-parent company Alphabet and Microsoft round out the technology-heavy earnings week on Thursday.
  • Roughly 20% of the S&P 500 has reported earnings through Tuesday morning. Of those companies, 76% have beaten analyst expectations, FactSet data shows.
  • Tuesday’s moves come after an upbeat session on Wall Street. Investors bought the dip in tech stocks after a recent sell-off in key names such as Nvidia, which had been dinged recently amid fears of higher inflation and the prospect of elevated interest rates.
  • Google search boss warns employees of ‘new operating reality,’ urges them to move faster.
  • General Motors raises 2024 guidance after big first-quarter earnings beat.
  • Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending.

Apr 23 | Daily Finance News

Read All AiF Insight and Opinions

U.S. STOCK PICKS

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

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