Stock Market Nerd – Market Headlines – April 20, 2024

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Stock Market Nerd – Market Headlines – April 20, 2024

  • TD Cowen sees Datadog (DDOG) comfortably beating earnings expectations this quarter following a bullish CIO survey that it ran.
  • For Shopify (SHOP), RBC channel checks and Morgan Stanley’s confidence in 20% revenue compounding for the next 6 years led to two bullish notes released this week.
  • Duolingo (DUOL) will be added to the S&P MidCap 400 index this quarter.
  • MercadoLibre (MELI) will hire 6,500 people this year in Brazil. That represents nearly 30% Y/Y growth in pace of hiring as it leans into that market.
  • Lululemon (LULU) is shuttering smaller distribution centers to consolidate into larger facilities. About 100 people will be laid off as a result.
  • Disney (DIS) received approval for Disneyland expansion from Anaheim’s City Council.
  • UBS sees continued stabilization in cloud spending for Amazon, Microsoft and Google. It thinks the three will modestly outperform expectations this quarter. The EU also cleared Microsoft’s proposed $13 billion OpenAI investment.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

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