Chegg Sinks 5% After-Hours Despite Stellar 3Q Earnings

Shares of online education provider Chegg were down 5.4% in the extended trading session on Monday even as the company reported better-than-anticipated third-quarter results and raised its full-year guidance.Chegg’s (CHGG) revenue grew 64% year-over-year to $154 million driven by a spike in the number of subscribers as online education is being increasingly preferred amid the…

Nio Reportedly Working On In-House Self-Driving Chips

Nio Inc – ADR (NYSE: NIO), which has made a strong comeback in the year of the COVID-19 pandemic, is leaving no stone unturned to keep the momentum going.What Happened: The Chinese electric vehicle manufacturer is planning to embark on in-house R&D to develop computing chips for autonomous driving, the Chinese news outlet 36Kr reported,…

Lockheed Martin’s 3Q Profit Soars 10%; Street Says Buy

Lockheed Martin 3Q earnings from continuing operation of $6.25 per share rose 10.4% from the year-ago quarter, surpassing analysts’ expectations $6.07. The fighter jet manufacturer’s bottom-line results mainly benefited from sales which grew 8.7% to $16.5 billion and beat the Street consensus of $16.2 billion. Despite the quarterly beat, shares closed 3% lower.Lockheed Martin (LMT)…

Were Hedge Funds Right About Crowding CrowdStrike Holdings, Inc. (CRWD)?

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always…