A deal can completely change the narrative for a company. This just might be the case for NIO (NIO), so says Morgan Stanley analyst Tim Hsiao. Back in April, the Chinese electric vehicle company inked a deal with the city of Hefei in which it secured a $1 billion investment from several state-owned companies in
Stock Market
The Fed wants its policies to lift many more boats and go far deeper to get lower-income and underemployed Americans to work, before it pulls back from its easy policy stance. Fed Chairman Jerome Powell on Thursday announced that the central bank tweaked its inflation policy, indicating it would be willing to allow inflation to
Right before the corona crisis, the NASDAQ peaked at 9,817. It closed yesterday at 11,665. The tech-heavy index has been setting records consistently since mid-June. The S&P 500’s post-crash performance has been almost as good. It’s clear that investors are in a buying mood. Despite all of the uncertainty in recent weeks – the resurgence
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – The luxury goods retailer reported a mixed quarter, with revenue below forecasts, but earnings beating analysts’ estimates. Tiffany’s results were helped by an improvement in sales in China, and the company said global sales trends are continuing to improve during
by Arkadiusz Sieron, PhD The epidemiological outlook improves, while the U.S. stock market reaches one record high after another. But the key question today for the gold investors is: what will Powell say? The U.S. stock market is in the bullish mood. Although Dow Jones is still a few percent below its February peak, the S&P
Box announced better-than-expected 2Q results fueled by strong cloud storage demand amid the pandemic-led shift to remote working. The cloud storage solution provider’s shares rose 8.8% in the extended trading session on Wednesday. Box (BOX) reported 2Q revenues increased 11% to $192.3 million year-on-year, surpassing analysts’ expectations of $189.6 million. Adjusted EPS of $0.18 beat
by Michael Markowski Covid-19 was an unforeseen event which shocked the economies and markets of all of the world’s countries. Based on new empirical research findings covering two prior economic shock events the collateral damage and side effects from the Coronavirus will be significant and long-lasting. The two prior periods which caused significant damage to
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected
If you are looking for an out and out success story in 2020, look no further than fintech player Square (SQ). Since bottoming out on March 20, the stock has risen by a very impressive 303%. Along the way, the company’s outsized performance has confounded analysts’ expectations, causing model revisions while the stock has showed
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters Even before Covid-19 crushed the economy, the Fed was worried about low inflation and was working on ways to let
Amazon is facing an antitrust case in India, filed by a group of more than 2,000 online sellers, alleging the US e-commerce giant favours some retailers whose online discounts drive independent vendors out of business, according to a legal filing seen by Reuters. The All India Online Vendors Association, members of which sell goods on
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer earned $3.21 per share for the second quarter, well above the consensus estimate of $1.30 a share. Revenue was also well above forecasts, with comparable-store sales up 20.7% compared to a 9.9% FactSet consensus
by howmuch Tesla has repeatedly defied its naysayers throughout its history. Lots of people are still betting against the company, and its infamous CEO Elon Musk has had to prove his worth over and over again en route to captaining the most valuable carmaker in the world. But how did Tesla get here? Use this visualization Tesla’s share
Shares of Salesforce soared 13.5% in the extended trading session on Tuesday after the company reported better-than-expected 2Q results and lifted its outlook for fiscal 2021. Salesforce’s (CRM) 2Q revenues climbed 29% to $5.15 billion year-on-year and surpassed analysts’ expectations of $4.9 billion. The on-demand software and solution provider’s adjusted EPS jumped 118% to $1.44
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Medtronic — Shares of the medical device company rose 3.5% after Medtronic beat Wall Street expectations for its fiscal first quarter. The company’s adjusted earnings per share of 62 cents was 43 cents higher
by visualcapitalist Initial Public Offerings (IPOs) generate massive amounts of attention from investors and media alike, especially for new and fast-rising companies in the technology sector. On the surface, the attention is warranted. Some of the most well-known tech companies have built their profile by going public, including Facebook by raising $16 billion in 2012. But when you peel away
Since the beginning of July, Advanced Micro Devices (AMD) stock has been on fire. The semiconductor powerhouse announced impressive earnings that exceeded the expectations of many of the most optimistic analysts. In turn, AMD has soared 88% year-to-date. However, Northland analyst Gus Richard has recognized a growing number of adverse trends likely to hurt AMD’s
Via InternationalMan.com, International Man: I’d like to introduce Chris MacIntosh. After working for many top-tier investment banks, Chris left the corporate world. He has since built and sold multiple million-dollar businesses, built a VC firm allocating $35m into early-stage ventures, and become a full-time trader. He now manages money for clients of Glenorchy Capital; a macro focused
Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018. Karl Mondon | Bay Area News Group | Getty Images Check out the companies making headlines after the bell: Salesforce — Shares of the software company surged more than 11%
Medtronic shares rose almost 4% after the medical device maker beat quarterly revenue and profit estimates amid a gradual resumption of elective surgeries as some Covid-19 restrictions are lifted. Shares advanced 3.7% to $104.08 in early market trading. In the first quarter ended July 31, Medtronic’s (MDT) sales dropped 13% to about $6.51 billion,
by mapi [embedded content] My heart sank when CNN reported that Flock Safety had created a national license plate tracking program. Flock Safetys’ business model has been profiting from peoples’ fears about crime for years. Flock Safety has turned fear and suspicion into a national business model, where anyone and everyone is a suspect. “Flock Safety, which makes
Take a look at some of the biggest movers in the premarket: Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above estimates. Revenue came in slightly above forecasts. Hormel said its retail business was strong, but that its foodservice business is still recovering. Medtronic (MDT)
Generally, the industrial sector-which includes aerospace, construction, manufacturing and many other businesses, is quite vulnerable to an economic downturn. The COVID-19 pandemic has disrupted several businesses and led to huge unemployment. Its impact on industrial stocks has been drastic. Both 3M and Honeywell have been in the news for massive production of personal protective equipment,
Tim Cook, chief executive officer of Apple Inc., waves while arriving on stage during the Apple Worldwide Developers Conference (WWDC) in San Jose, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Apple — The company gained 2.2% in volatile trading, following last week’s strong rally that
It’s a game of high stakes and high-return potential. We’re talking about investing in bargain priced healthcare stocks. For some, the risk associated with these plays is enough to keep them away. That said, other market watchers see the opportunity at hand as too enticing to ignore. What makes these stocks risky? Given the nature
People walking along Wall Street in the Financial District of Manhattan on September 03, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after hours Monday: Standex International — Shares of the industrial mold manufacturing company rose 0.2% on the back of better-than-expected results
by Raúl Ilargi Meijer Edward Hopper Tables for ladies 1930 Haven’t heard from Dr. D in a while, other than in the Comments section here at the Automatic Earth. Where I stopped reading his comments after the umpteenth time he said the COVID fatality rate was only 0.000001%. I find that only repetitious, annoying and
In times like these, investors can get by with a little help from the Wall Street legends. Deemed as “the man who solved the market,” Jim Simons relied on his experience as a mathematician and code-breaker to pioneer a ground-breaking investing approach, one that involved crunching data and developing predictive algorithms. Founding one of the
People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters There’s a one-in-four chance the economy could fall into a double-dip recession, according to a majority of economists surveyed by the National Association for Business Economics. Two-thirds of NABE
Off-price retailers TJX Companies and Ross Stores emerged as strong players in the retail space, stealing market share from department stores over recent years. These retailers sell their merchandise at steep discounts compared to department stores and other retailers. Prior to the pandemic, they were delivering consistent results despite the growing strength of online retailers.