A month ago I wrote that Uber (NYSE:UBER) was likely to fall 20% from $49.07 on July 9, and not rise over 42% like other analysts were saying. Since then, UBER stock has dropped over 17% to below $40 and is still falling. Source: NYCStock / Shutterstock.com I suspect that, given another lousy loss-making quarter by
Sofi Technologies (NASDAQ:SOFI) posted excellent second-quarter revenue and earnings on Aug. 12. This was its first quarterly report since SOFI stock went public via a special purpose acquisition company (SPAC) reverse merger. Source: rafapress / Shutterstock.com Sofi now has an $11 billion market valuation but has yet to make a profit for its shareholders. As
In today’s episode of let’s talk stocks, we are going to talk about the pennant stock chart pattern, which is a continuation pattern, which means it continues moving in the same direction that it originally came from. In this episode I’ll show you what this pattern looks like, some of its previous trends, the volume, projections,
Wall Street is paying close attention to developments in Washington D.C. as President Trump, trade talks, and the Fed continue to make headlines. Nevertheless, indexes are near all-time highs, and Ryan McQueeney has is eyes on two dividend-paying stocks: Caterpillar (CAT) and Sony (SNE). Caterpillar: https://www.zacks.com/stock/quote/CAT?cid=CS-YOUTUBE-FT-VID Sony: https://www.zacks.com/stock/quote/SNE?cid=CS-YOUTUBE-FT-VID
Elon Musk’s SpaceX revealed new details about plans for the next-generation of satellites in its Starlink internet system in federal filings on Wednesday, including that the company intends to use its massive Starship rocket as the primary vehicle to deliver the spacecraft to orbit. SpaceX filed an amendment with the Federal Communications Commission that included
A trader works at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. Andrew Kelly | Reuters The markets: it’s August, but it’s also covid. Normal August trading flows are being greatly complicated by the delta variant. A third but still important complication: increasingly authoritarian action in China is
In this article ROST AMAT SPOT BKE FL DE Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $5.32 per share, compared with a consensus estimate of $4.58, and its revenue beat forecasts as well. Deere was up 1.1% in premarket trading as it
Xpeng (NYSE:XPEV) stock has seen renewed investor enthusiasm as it gears up for further expansion, and the company is not alone. Source: Andy Feng / Shutterstock.com There is a lot of action going around the electric vehicle industry, and the industry is set to boom as different countries take leaps towards a better tomorrow. Despite the
A week after a disappointing earnings report sent shares of ContextLogic (NASDAQ:WISH) plunging almost 21%, WISH stock hovers just above its 12-month low of $6.14 a share. Source: sdx15 / Shutterstock.com At one point on Aug. 13, shares were down 28.9% from the previous day’s close. The hits kept coming, as one influential analyst said
The world today is a lot different than it was 20 years ago. Laws have changed. Presidents have changed. Sports teams have changed. Lots has changed. But the most important of these changes has been the global takeover of technology. Twenty years ago, you worked by going to the office and writing things down on
Founded in 1947, Swedish clothing retailer Hennes & Mauritz AB (STO: HM-B), commonly known as H&M, has grown into one of the most recognizable brands in the fashion industry. H&M has more than 5,000 stores worldwide and employs 120,000 people. Not surprisingly, the COVID-19 shutdown had an impact in 2020. The company reported strong growth
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release
In this article NVDA BJ KSS VSCO BBWI The Macy’s Inc. logo is displayed on a monitor at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Feb. 22, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Macy’s — The retail giant saw
While the pandemic meant a setback for a number of sectors, digitalization grew apace — increasing the need for software and cloud services. In turn, the demand for cloud computing industry should grow further as more businesses adapt to work-from-home. And thus, software and cloud stocks should be hot options for investors. Overall, shares of
For the quarter ending May 1, 2021, GameStop (NYSE:GME) was able to reduce its total store count by 12% year-over-year (YoY), according to its first-quarter earnings release. As a result, the company’s losses fell from $165.1 million or $2.65 per share last year to just $66.8 million or $1.01 per share this quarter. This is
No matter what business it’s been in — smartphones, enterprise software, messaging or embedded automotive software — BlackBerry Ltd. (NYSE:BB) has worked hard to craft an identity around security. However, BB stock was in the headlines on Tuesday when it was announced that a security flaw had been found in its QNX software. Source: Shutterstock
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Gold is one of the best performing assets this year; should investors invest in gold ETFs? (SPY, GLD, IAU). SPDR S&P 500 ETF: https://www.zacks.com/funds/etf/SPY/profile?cid=CS-YOUTUBE-FT-VID SPDR Gold Share: https://www.zacks.com/funds/etf/GLD/profile?cid=CS-YOUTUBE-FT-VID iShares Gold Trust: https://www.zacks.com/funds/etf/IAU/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
In this article HOOD BJ WOOF TPR KSS M Check out the companies making headlines before the bell: Macy’s (M) – The retailer reported adjusted quarterly earnings of $1.29 per share, well above the 19 cents consensus estimate, with revenue also above forecasts. Macy’s reported a better-than-expected increase in comparable-store sales, raised its annual sales
Investing in the biotechnology sector doesn’t have to be fraught with excessive risk. A case in point would be CRISPR Therapeutics (NASDAQ:CRSP), as CRSP stock offers outstanding value in a market that’s often overpriced. CRISPR’s mission is “Creating transformative gene-based medicines for serious diseases.” The company’s pipeline of therapeutic candidates address serious conditions such as sickle-cell