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Max Adams

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Articles

Dell explodes 30% higher after its best earnings report since returning to the stock market in 2018 Original

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By Max Adams 
| Business Insider
Dell just dropped its biggest earnings report since its return to public markets in 2018, and the stock is rocketing higher. The company saw shares spike 30% after hours on Thursday after it crushed Wall Street's first-quarter earnings estimates. The stock closed Thursday's session at $317.05, up nearly 4%. The company, famed for its 2000s-era "Dude, you're getting a Dell" advertisements, reported revenue of $43.84 billion versus expectations for $35.43 billion.
Open in Who Shared View Duplicates (5) Issue with article?

The era of mega-IPOs could spark a major reshuffling of investor cash Original

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By Max Adams 
| Business Insider
The mega-IPOs that have investors so excited this year are coming at an interesting and potentially messy time for markets. Primary markets—i.e. the market for newly issued stocks or bonds—are in an awkward place. SpaceX is expected to raise up to $75 billion in its IPO, which would make it the biggest offering ever. But that money is going to have to come from some other part of the market where investors have already parked their cash.
Open in Who Shared View Duplicates (4) Issue with article?

Tesla earnings recap: Elon Musk braces investors for a big spending increase but says it will pay off Original

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By Steven Tweedie , Lloyd Lee , Ben Shimkus , Alistair Barr , Max Adams , Tom Carter , Samuel O'Brient , Naomi Buchanan 
| Business Insider
Tesla delivered an earnings beat on Wednesday and signaled a "rebound of demand" in North America. But hold onto your hats, investors: Tesla is planning a big increase in capex spending. Tesla's total revenue for the first quarter came in at $22.38 billion — a 16% year-over-year increase and above analysts' estimates. Elon Musk's automaker also grew its profits, posting adjusted earnings per share of 41 cents, up 51% from the same period last year, and above Wall Street's expectations.
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