Investing.com — Whereas the principle story this week was the Federal Reserve’s extra cautious path for price cuts subsequent yr, there have been loads of particular person shares and sector tales that resulted in volatility for some massive names. Listed below are Investing.com’s shares of the week: Micron Know-how (NASDAQ:MU), Novo Nordisk (NYSE:NVO), MicroStrategy and Coinbase (NASDAQ:COIN).
Micron Know-how shares tumbled greater than 16% Thursday after the corporate reported its newest quarterly earnings, with its outlook disappointing buyers.
Whereas its Q1 EPS of $1.79 was $0.06 higher than the analyst estimate of $1.73 and income for the quarter got here in at $8.71 billion, above the consensus estimate of $8.68 billion, Micron forecast quarterly income and revenue beneath Wall Avenue estimates after the shut on Wednesday.
For Q2 2025, Micron sees its EPS between $1.33 and $1.53, beneath the consensus of $1.97. In the meantime, income for the quarter is anticipated to be between $7.7 billion and $8.1 billion, decrease than the consensus estimate of $8.97 billion.
Following the earnings launch, JPMorgan lowered its goal for the inventory to $145 from $180, telling buyers that “regardless of the near-term weak spot, we proceed to consider the down-cycle in reminiscence will probably be short-lived.”
The financial institution expects market situations to enhance within the latter a part of 2025 as “modern DRAM provide stays tight and robust AI server demand continues to drive progress in HBM/DDR5.”
It was a foul day on Friday for Novo Nordisk shares with the inventory (on the time of writing) down 17.4% on the day.
The decline comes after the outcomes from its part 3 trial of CagriSema, its next-generation weight problems drug, disillusioned buyers.
The corporate’s REDEFINE 1 trial confirmed that folks handled with CagriSema, a mixture of cagrilintide and semaglutide, achieved a weight lack of 22.7% after 68 weeks.
Nonetheless, whereas that was statistically important, it fell in need of the goal of 25%.
Following the information, rival Eli Lilly’s shares jumped.
Reacting to the outcomes, analysts at Wolfe Analysis stated: “Whereas we did not count on CagriSema to be a formidable competitor to Lilly’s Zepbound, we now see Lilly in a real class of its personal with Zepbound, orforglipron and retatrutide.”
After climbing to over $108,000 earlier within the week, the value of Bitcoin fell from Wednesday onwards, touching a low of $92,118 on Friday.
Whereas MSTR and COIN are up on Friday, +8.1% and +1%, respectively, each names have declined for many of this week. MicroStrategy is down round 14% over the past 5 days, whereas Coinbase has declined over 11%.
Taking a look at Bitcoin itself, whereas the value plunged initially on Friday it has clawed again some floor. As of 13:58 ET, it’s buying and selling at $97,075.
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