Stock Market

The Mastercraft Boat Company (MCFT) designs manufactures, and markets recreational powerboats. Its product line includes boats designed for racing, luxury, and general recreation. I’m bullish on the stock. (See MCFT stock charts on TipRanks) Economic Support The U.S. economy is entering a stage where personal income is rising, but inflation keeps on growing. Mastercraft is
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Sharing is Caring! by confoundedinterest17 Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter. That is COULD, not WOULD. At the Fed’s most recent policy meeting in late July, “I was of the view, as were most participants,
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Enterprise cloud applications company Workday (WDAY) delivered better-than-expected fiscal second-quarter 2022 results. Revenue and earnings came in above consensus estimates as the company benefited from digital acceleration. Quarterly revenue grew 18.7% year-over-year to $1.26 billion, beating consensus estimates of $1.24 billion. Subscription revenue was up 19.5% year-over-year to $1.11 billion. Diluted net income per share
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Bank of Nova Scotia (BNS), Canada’s third-largest bank, announced Thursday new improvements to its mobile app. Shawn Rose, executive vice president and chief digital officer for Scotiabank, said, “Our customers have made one thing very clear – they want modern digital features that help them manage their personal finances more efficiently. “With this new suite
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Sharing is Caring! by Martin Armstrong QUESTION: Marty, Socrates has done a fantastic job of tracking Pfizer. What do you expect from 2022 which is a major turning point on your model? Thanks for a great system AG ANSWER: Something is very strange when it comes to Pfizer. The rally should not extend beyond 2022
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Splunk (SPLK) delivered better-than-expected second-quarter results for Fiscal 2022. The provider of the data-to-everything platform delivered growth in cloud revenue and customer numbers. Shares jumped 1.31% following the news to close at $155.02 on August 25. Revenue increased 23% year-over-year to $606 million, easily beating consensus estimates of $562.82 million. Average recurring revenue (ARR) totaled
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Sharing is Caring! by confoundedinterest17 (Bloomberg) — Usage at the Federal Reserve’s facility for overnight reverse repurchase agreements Wednesday rose to a new all-time high. Seventy-seven participants took $1.147 trillion, which exceeded Tuesday’s volume of $1.13 trillion, and the previous record of $1.136 trillion reached on Aug. 23. The facility pays an overnight rate of 0.05%, helping to temporarily
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Sharing is Caring! U.S .Embassy in Afghanistan tells Americans at Kabul airport to leave immediately due to security threats — “U.S. citizens who are at the Abbey Gate, East Gate, or North Gate now should leave immediately.” This story is developing. BREAKING: US Embassy in Afghanistan tells Americans at Kabul airport to leave immediately due
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Salesforce signage outside office building in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Salesforce — Salesforce shares rose 3% in extended trading on Wednesday after the enterprise software maker reported fiscal second-quarter earnings and forward guidance that exceeded analysts’ estimates. Revenue increased 23% year over year in the
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Summer’s going fast, and it’s time to consider one of the stock market’s peculiarities: we’re apt to see a bump in the fall, as seasonal vacations end. This year, that seasonal bump will coincide with a reopened economy – assuming, of course, that there are no new lockdowns due to COVID. We can’t see into
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Chicago-headquartered GCM Grosvenor (GCMG) provides asset management solutions. It has $66.9 billion in assets under management. The company’s board recently authorized a large stock repurchase plan. Let’s take a look at the company’s latest financial performance, stock repurchase program, and risk factors. GCM Grosvenor’s Q2 Financial Results The company reported a 33% year-over-year increase in
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Sharing is Caring! by: Jp Cortez The somber photos and videos that have come out of Afghanistan lead many to wonder whether the 20-year conflict was worth the cost. According to the Associated Press, through April, more than 172,000 people (American and otherwise) have died in the course of the War in Afghanistan. The estimated amount
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