Skip to content
Trending
February 27, 2025Nvidia warns of growing competition from China’s Huawei, despite U.S. sanctions July 24, 2025Brexit made businesses abandon the UK. Trump’s hefty EU tariffs could bring them back September 8, 2025We raised our Broadcom price target after a stock pop that was all about the conference call March 18, 2025Wholesale egg prices have ‘plunged,’ analyst says — shoppers may soon see some relief March 11, 2025Trump says a transition period for the economy is likely: ‘You can’t really watch the stock market’ November 25, 2025Abercrombie shares soar 30% on Hollister growth, strong earnings beat August 5, 2025Palantir stock pops 8% after blowout quarter driven by AI, efficiency demand October 2, 2025Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout February 8, 2025Unemployment spiked for Black men in January as more joined the labor force November 4, 2025AI-washing and the massive layoffs hitting the economy
  Friday 6 February 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Earnings  Week in review: Stocks rise, Meta gets real on metaverse, and Salesforce bounces
Earnings

Week in review: Stocks rise, Meta gets real on metaverse, and Salesforce bounces

AdminAdmin—December 6, 20250
More stories

Week in review: Stocks hit records on inflation data, earnings — plus, we started a new name

October 25, 2025

Klarna doubles losses in first quarter as IPO remains on hold

May 19, 2025

Intel beats on sales in first earnings report since U.S. government became top shareholder

October 26, 2025

Goldman Sachs tops estimates on boom in equities trading revenue

April 14, 2025

Stocks eked out gains Friday and closed the week higher after the Federal Reserve’s favorite inflation gauge added to the case for an interest rate cut next week. For the week, the S & P 500 rose 0.3%, while the Nasdaq added nearly 1%. Both indexes logged back-to-back weekly gains. The Dow gained roughly 0.5%. On Friday morning, the government’s September personal consumption expenditures price index showed a cooler-than-expected year-over-year increase in the core rate, which excludes food and energy prices. While the PCE report was delayed because of the government shutdown, it was welcome news in a data-starved market ahead of the Fed’s two-day policymaking meeting on Tuesday and Wednesday. .SPX 1M mountain S & P 500’s 1 month performance It has been a couple of weeks since New York Fed President John Williams breathed new life into the possibility of a central bank rate cut. During that time, the S & P 500 rebounded 5% and ended this week just shy of its record-high close of 6,890 on Oct. 28. Here are some of this week’s portfolio highlights. Meta Platforms shares advanced 4% for the week after Bloomberg reported Thursday that the Instagram and Facebook parent was set to cut metaverse spending by up to 30%. It would be a wise move by CEO Mark Zuckerberg, especially if it means the company focuses on technology that can be monetized more quickly, such as Meta’s smart glasses and its AI efforts. Meta has been spending like crazy, and its stock has taken a hit since late October when management increased its capital expenditure guidance alongside strong earnings. Salesforce shares jumped 13% for the week after a big earnings beat. While it was this week’s best-performing portfolio stock, it was still down 22% year to date. That dynamic reflects Salesforce’s struggle to convince investors that generative AI adoption does not pose a threat to the seat-based business model of its core customer relationship management software. Alongside fiscal 2026 third-quarter results, management on Wednesday evening also raised guidance and disclosed more paid deals for Agentforce, the company’s AI platform. On Thursday’s “Mad Money” with Jim Cramer, Salesforce CEO Marc Benioff argued AI is a ” commodity feature ” that boosts the value of the company’s CRM software. CrowdStrike on Tuesday evening reported better-than-expected fiscal 2026 third-quarter results and strong forward guidance. Jim called it a “trophy quarter” after the cybersecurity firm delivered record free cash flow, annual recurring revenue, and operating income. We weren’t fazed when the stock, which was pretty flat for the week, didn’t move on the bullish report. It’s become commonplace to see CrowdStrike — and even our other cyber stock, Palo Alto Networks — trade lower after earnings, only to recover and move higher in the weeks ahead. Following the print, we reiterated our buy-equivalent 1 rating on CrowdStrike and raised our price target to $550 from $520. We sent out three trade alerts this week. On Monday , we bought more Boeing as the stock stabilized after a steep post-earnings decline in November. We didn’t buy shares on the way down because the stock was trading like a falling knife. We wanted to see things calm down before putting more money to work. On Tuesday , we bought more Procter & Gamble shares after they dipped following CFO Andre Schulten’s remarks on a volatile U.S. environment. We see better times ahead for P & G, and we’re building this defensive position in case the AI trade losses steam. On Wednesday , we booked some profits on Goldman Sachs , which closed at a record high Friday. We still love this position long-term. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

From the California gold rush to Sydney Sweeney: How denim became the most enduring garment in American fashion
Ukraine, trade, pandas: What China’s Xi and France’s Macron discussed in Beijing
Related posts
  • Related posts
  • More from author
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Earnings

Salesforce’s raised guidance lifts the stock but doesn’t change our rating

December 17, 20250
Earnings

Oracle plummets 11% on weak revenue, pushing down AI stocks like Nvidia and CoreWeave

December 16, 20250
Load more
Read also
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions