Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results
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by confoundedinterest17 Listen to the Man! Under Scranton Joe’s leadership, more and more Americans are dependent on government cheese. Personal income transfer payments to person hit an all-time high as The Federal Reserve keeps pumping money into the system. Government transfeer payments as a percentge of total income is now a whopping 34%. US Personal Savings
On April 30, good natured Products (GDNP) announced financial results for the year ended December 31, 2020. The North American leader in earth-friendly plant-based products will host a webcast investor presentation at 2:00 p.m. EST/11:00 a.m. Pacific time on May 5, 2021. good natured’s revenue for FY2020 came in at C$16.71 million, an increase of
Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more
by Martin Armstrong In the local press, a store owner in John’s Pass, one of the main tourist spots in the Tampa Bay area, wrote: “This closure was the longest amount of time that our family business has been closed in nearly 100 years. Even WWII, even the oil spills, the red tides, the hurricanes,
Restaurant Brands International (QSR) shares jumped more than 3% in early trading Friday after the quick-service restaurant company reported 1Q profit and sales up from a year ago. Restaurant Brands’ revenue came in at $1.26 billion for the quarter ended March 31, an increase of 2.4% from $1.23 billion in the prior-year quarter. A reopening
by howmuch The coronavirus pandemic has caused widespread revenue loss for lots of different industries, but none more so than the tourism sector. We focused on the highest tourism countries to visualize the negative impact of COVID-19 on a year-over-year basis. The economic losses are staggering. Use this visualization Spain had the single biggest drop
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue
Amazon.com, Inc. (AMZN) reported better-than-expected 1Q results driven by higher revenues, which was fueled by outstanding performance in all segments. Shares of the e-commerce company rose 2.4% in Thursday’s extended trading session. Amazon reported 1Q earnings of $15.79 per share that widely surpassed analysts’ expectations of $9.54 and more than tripled on a year-over-year basis.
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
The Green Organic Dutchman Holdings (TGOD) has provided a corporate update on its operations and progress on its strategic business plan. Earlier this year, the Green Organic Dutchman put its cultivation and processing facility in Valleyfield, Quebec up for sale, with the objective of increasing its financial flexibility to reduce its debt and capitalize on
In this article CRUS X SWKS WDC FSLR GILD AMZN TWTR The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Thursday: Twitter — Shares of the social media giant fell 9% after the company’s
by confoundedinterest17 U.S. equities climbed to all-time highs after a batch of corporate earnings and economic data showed the American economy gained steam in the first three months of the year. U.S. gross domestic product expanded at a 6.4% annualized rate in the first quarter, according to the Commerce Department. The S&P 500 traded at fresh
Qualcomm Incorporated (QCOM) reported better-than-expected fiscal 2Q results driven by continued high global demand for smartphones. Adjusted earnings more than doubled to $1.90 per share in 2Q, easily beating Street estimates of $1.67 per share. Notably, EPS results outpaced the company’s guidance range of $1.55-$1.75 per share. Total revenues grew 52% year-over-year to $7.93 billion
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall Street forecasts as digital ad spending continued to surge amid the pandemic. Facebook said ad
by Martin Armstrong Thomas Paine said that those in power think they are the nation. We just listened to Biden and he confirmed that statement. He said that those in Washington are “We the People” when that is simply not true. Those in Washington serve the people – they are not the people. We also do not
Mastercard (MA) is to become the exclusive card network for Gemini’s cryptocurrency rewards credit card. The cryptocurrency platform has selected the payment giant, along with WebBank, to offer several innovative features as part of the offering. The Gemini Credit Card, powered by Mastercard, will offer an easy way of acquiring Bitcoin and other cryptocurrencies. In
Take a look at some of the biggest movers in the premarket: United Parcel Service (UPS) – UPS earned $2.77 per share for the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14%
by Michael Snyder There is still so much that we don’t know about COVID, but fortunately scientists all over the globe are feverishly studying this virus. Earlier today, I came across a study that was just released that completely took my breath away. The study was conducted at the Texas Tech University Health Sciences Center, and
Waste Connections (WCN) posted its first-quarter financial results on April 28 after market close. The North American integrated waste services company reported better-than-expected results driven by strong growth in solid waste pricing, accelerating solid waste volumes, and increased resource recovery values. Waste Connections’ revenue came in at $1.396 billion in the quarter ended March 31,
by Martin Armstrong Oscar viewing fell below 10 million, a crash mode from last year’s historic low of 23.6 million viewers compared to nearly 30 million in 2019 pre-COVID. The entire entertainment industry, from movies and Oscars to football and sports, indicates that the future is not so bright and sunny. I warned back in 2016 that football
In this article AAPL EBAY F FB QCOM EBay Inc. signage is displayed at the entrance to the company’s headquarters in San Jose, Calif. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: Apple — The technology giant’s stock ticked up 2.9% after the company
Advanced Micro Devices (AMD) forecasted better-than-expected revenue for 2Q after 1Q results topped consensus estimates. The chip maker also lifted year-over-year revenue growth expectations for 2021. AMD’s 1Q adjusted earnings almost doubled to $0.52 per share on a year-over-year basis and came in well ahead of analysts’ expectations of $0.44 per share. Revenue surged 93%
Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1%
by realinvestmentadvice Eric Hickman discusses why the stock market’s collapse is near. Because stock market performance is an essential factor in U.S. Treasury behavior, I study it closely. I wrote a paper in 2012 that, among other things, examined the consistency (or inconsistency) of long-term S&P 500 performance. Between our founder Robert Kessler’s indelible memory of slogging his
The S&P 500 is up 27% over the last 6 months, and Wall Street’s analyst class is starting to point out that we may be due for some deceleration. In part, this may be an application of physics to market activities – what goes up must come down – but it may also be tied
In this article UBSG-CH CROX TSLA Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and
by Michael Snyder Lots of people have been moving away from the west coast over the last decade, but we have never seen the sort of mass exodus that we have seen over the last year. This mass exodus has created some extremely hot real estate markets in desirable areas located away from the coast,
TFI International (TFII) reported its first-quarter financial results on April 27 after market close. The transport and logistics company posted higher revenue and profit. TFI International’s revenue came in at $1.15 billion for the quarter ended March 31, an increase of 24% from $0.92 billion in the prior-year quarter. Operating income increased 17% to $101.7
In this article V GOOGL MSFT SBUX AMD AMGN TXN People wear protective face masks outside Starbucks in midtown as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 23, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines