|Day's Range||102.54 - 124.00|
With first quarter earnings season largely done, investors will now shift focus to the Fed's next meeting and how policy updates could impact the AI-driven rally in stocks.
Stocks rose on Friday as better than expected May jobs report reiterated strength in the US labor market.
Like many stocks, MongoDB (NASDAQ: MDB) was punished harshly, at one point losing more than two-thirds of its value. After the market close on Thursday, MongoDB delivered decisive results, putting investors on notice that a rebound was at hand -- characterized by strength in all the metrics that matter and a classic beat-and-raise. For its fiscal 2024 first quarter (ended April 30), MongoDB generated total revenue of $368.3 million, up 29% year over year.
Shares of MongoDB (NASDAQ: MDB) charged sharply higher Friday, surging as much as 35.4%. The catalyst that drove the database-as-a-service provider higher was its quarterly financial results, which soared past even the most bullish expectations. For its fiscal 2024 first quarter (ended April 30), MongoDB delivered revenue of $368.3 million, up 29% year over year, signaling to investors that the worst may have passed.
Canada's main stock index opened higher on Friday, buoyed by investor optimism across global markets ...
MongoDB shares skyrocketed after the database company posted first quarter results that topped analyst expectations. Yahoo Finance Live's Julie Hyman and Brad Smith break down MDB's results
Investing.com -- Stocks in focus in premarket trade on Friday, June 2nd. Please refresh for updates.
Stock markets got a nice lift on the first day of June, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular continued its run higher to close at its highest level in nearly a year. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also posted solid gains. Earnings reports kept coming in after the market had closed for the day, with some companies getting a boost, while others plunged.
Investing.com - U.S. stock futures were trading slightly higher during Thursday's evening deals, after major benchmark averages closed out a positive session as market participants looked ahead to key employment data.
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock...
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Snowflake, MongoDB , Digital Turbine, and Annexon. Snowflake (NYSE:SNOW) was downgraded at two Wall Street firms after reporting its Q1 earnings, resulting in a share price drop of more than 16% yesterday, as InvestingPro reported in real-time. While Q1 results came in better than expected, the company’s outlook disappointed investors.
Database company MongoDB (NASDAQ: MDB) didn't end the week well, with its stock declining by 5% on a Friday when the S&P 500 index basically traded sideways. The first of the two was actually a price-target raise on MongoDB stock. This trigger was pulled by Citigroup's Tyler Radke, who upped his level considerably; it's now $363 per share from the previous $290.
Next-generation database specialist MongoDB (NASDAQ: MDB) was an outlier stock on Monday. With its ascent, MongoDB's stock trounced the S&P 500 index, which could only muster a 0.3% gain. Well before market open that day, Barclays prognosticator Raimo Lenschow pulled that trigger.
The state of the overall economy has clearly been the primary driver of the stock market over the past year or so, as high inflation and the Federal Reserve Bank's campaign of interest rate hikes have taken center stage. Investors are still holding out hope for a so-called "soft landing," with the economy avoiding a recession. With that as a backdrop, CrowdStrike (NASDAQ: CRWD) climbed 2.3%, Cloudflare (NYSE: NET) rose 3.1%, and MongoDB (NASDAQ: MDB) jumped 5.2%, as of 1:42 p.m. ET on Wednesday.
Market watchers and the Federal Reserve alike have been watching closely for signs of an impending recession, and while talk of a mild downturn has increased in recent weeks, investors have been hopeful for a so-called "soft landing," with the economy sidestepping a recession. With that as a backdrop, Cloudflare (NYSE: NET) rose 5.2%, Snowflake (NYSE: SNOW) climbed 8.1%, MongoDB (NASDAQ: MDB) jumped 11.2%, and Datadog (NASDAQ: DDOG) rallied 14% as of 11:10 a.m. ET on Wednesday.
First, I'll give you a taste of The Trade Desk (NASDAQ: TTD), an adtech company that helps advertisers place their ads across various media channels. What sets The Trade Desk apart is its self-service platform that uses algorithms to select the best location for an ad. Companies are expected to spend a whopping $348 billion on advertising in the U.S. alone in 2023, giving The Trade Desk a tremendous opportunity to benefit from this growing market.
Shares of MongoDB (NASDAQ: MDB) were moving higher today after the database software specialist got an analyst upgrade, and seemed to benefit from a weaker-than-expected inflation report. As a result, the stock was up 10.2% as of 12:10 p.m. ET on Wednesday. Morgan Stanley upgraded its rating on MongoDB from equal weight to overweight after a survey showed that 73% of respondents are actively engaged with cloud optimization initiatives, which the analyst sees as an opportunity for MongoDB to gain market share and pivot to profitability.
For a new bull market to begin, the Nasdaq Composite index must rise at least 20% above its low set on Dec. 28, 2022. No hype or exaggeration is required to realize that a new Nasdaq bull market is nearly here. Axsome's launch of Auvelity in treating major depressive disorder is off to a solid start.
In a curious turn of events, even high-growth software stocks sold off on recession fears following CrowdStrike's analyst day.
Investors looking to buy growth stocks can consider adding MongoDB and Payfare to their shortlist in April 2023. The post 2 Growth Stocks I’d Buy With a $6,500 TFSA Contribution appeared first on The Motley Fool Canada.
A Nasdaq bull market is still in sight. Amazon (NASDAQ: AMZN) stock is already in a bull market of its own. The best news for Amazon over the near term is that its profitability should improve significantly.
After a big drop, interest rates are rising again as the government and large banks look to stabilize the financial system.
A bull market is coming. The stocks that tend to perform the best in a new bull market are those with strong businesses and outstanding growth prospects. Here are three unstoppable stocks to buy before the next bull market.
What happened A deep analyst price target cut led to a steep decline in MongoDB's (NASDAQ: MDB) value on the last trading day of the week. The database specialist saw its share price erode by over 7%; even the under-pressure S&P 500 index did better, with a relatively benign 1.
The database company is coping with a tough economy and sluggish consumption on its Atlas cloud platform.