Take a look at some of the biggest movers in the premarket: Beyond Meat (BYND) – Beyond Meat lost 42 cents per share for the first quarter, more than double the 19 cents per share loss that analysts had expected. Revenue also missed forecasts, with the company saying the pandemic has dampened both retail and
Stock Market
by David Haggith Is the inflation I’ve been writing about really all just transitory as Papa Powell claims it is? The Fed Head assures us he has this under control. Would that be just like Father Fed and friends had bank reserves under control right before the repo crisis blew up in late 2019? Or just
Electric vehicles (EV) are increasingly being adopted around the world. According to a CNBC report, China has invested $60 billion into various initiatives to drive the growth of the EV industry, and is looking at going fully electric, or using more hybrid vehicles by 2035. Using the TipRanks Stock Comparison tool, we will compare two
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines in midday trading. Square – The payment company’s stock rose more than 6% after the company’s first-quarter earnings topped
Shares of Cronos Group (CRON) rose by more than 4% on Friday morning despite the cannabis company reporting disappointing first-quarter results. Cronos Group’s net revenue for 1Q 2021 came in at $12.6 million, 50% higher than the revenue of $6.3 million reported in 1Q 2020. Continued growth in the Canadian adult-use cannabis market and sales
Traders on the floor of the New York Stock Exchange. Source: NYSE After April’s disappointing jobs report, market focus will shift squarely to inflation in the week ahead. The tug-of-war over tech stocks will also continue to be a dominant force in the stock market, after Friday’s bounce more than halved the week’s losses in
Shares of Cameco Corp (CCO) rose by more than 8% on Friday after the uranium company announced better-than-expected financial results for the quarter ended March 31. Cameco’s revenue for 1Q 2021 came in at C$290 million, a decrease of 16.2% from the revenue of C$346 million reported in 1Q 2020. Meanwhile, the company reported a
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The much weaker than expected April jobs report reinforces the Federal Reserve’s easy policy stance, but some strategists still expect the central bank to signal in the next couple of months that it will slow down its
by Martin Armstrong There is a massive campaign unfolding against Facebook. The biggest and most stupid mistake they made was to take sides in politics by banning and canceling anyone with who they disagree. Besides all of that, Facebook has invaded people’s privacy like no other platform. They track everything you do and sell that info to
Shares of Roku (ROKU) were up 9% in extended trading on Thursday after delivering strong 1Q results. The company reported a profit of $0.54 per share versus a loss of $0.45 in the same quarter last year. Analysts were expecting a loss of $0.13 per share. The digital media player company posted revenues of $574.2
In this article BYND EXPE PTON Roberto Machado Noa Check out the companies making headlines after the bell on Thursday: Peloton — Shares of Peloton dropped more than 6% after the closing bell, when the fitness company reported fiscal third-quarter sales growth of 141%. Its per-share loss for the quarter was also smaller than expected
by: Stefan Gleason Is it a temporary blip… or the beginning of a long-term trend? That’s the key question facing consumers, investors, and retirees when it comes to inflation. There’s no denying that inflation pressures have picked up dramatically over the past 12 months. Price spikes in commodities including copper, grains, gasoline, and lumber tell the
Magna International (MG) beat earnings and revenue estimates in its first quarter, fueled by strong demand for car structures in China. Magna’s total revenue for 1Q 2021 came in at $10.18 billion, an increase of 17.5% from a revenue of $8.66 billion reported in 1Q 2020. In addition, it beat estimates of $9.53 billion. The
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28, 2021. Bridget Bennett | Reuters Job growth in April could top 1 million, though many positions also may have gone unfilled. Economists expect to see job creation in each of the next several months of
Shares of Spin Master (TOY) rose by more than 10% on Thursday morning after the children’s entertainment company reported strong first-quarter results. Revenue increased nearly 40% compared to the same quarter last year. A strong showing by Digital games contributed to the successful quarter. Indeed, Spin Master’s total revenue for 1Q 2021 came in at
In this article ETSY RUN K NurPhoto Check out the companies making headlines in midday trading. Kellogg — Shares jumped more than 8% after the cereal and snack food company beat expectations on the top and bottom lines for the first quarter. Kellogg earned an adjusted $1.11 per share on $3.58 billion in revenue, helped
by Martin Armstrong A number of people often send nasty emails because they do not like the forecast that China will become the next financial capital of the world. The forecasts we put out are NOT based upon my OPINION. I simply report what the computer projects. This Great Reset is playing right into our forecast, for they
On Tuesday, pharma giant Pfizer (PFE) reported a standout quarter. The results contrasted those of most other large-cap pharma companies. Surprisingly, the strong showing did not seem to matter on Wall Street. On the earnings news, Pfizer stock was able to churn out only a measly gain of 12 cents a share, with it now currently trading
Take a look at some of the biggest movers in the premarket: Estee Lauder (EL) – The cosmetics maker reported quarterly earnings of $1.62 per share, 30 cents a share above estimates. Revenue came in slightly below forecasts, however, as sales of Estee Lauder’s higher-end products were impacted by people continuing to work from home.
by Michael Snyder Did you know that the price of corn has risen 142 percent in the last 12 months? Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase. But it isn’t just the price
Jamieson Wellness Inc (JWEL) experienced a substantial rise in sales in the first quarter of 2021 as customers continued to shop for products to improve their health. Indeed, Jamieson’s revenue for 1Q 2021 came in at C$98.3 million, an increase of 16.3% from the revenue of C$84.5 million reported in 1Q 2020. The rise in
In this article ETSY RUN ZNGA Check out the companies making headlines after the bell on Wednesday: Etsy — Shares of Etsy slid 7% despite the company its results beating top and bottom-line estimates for the first quarter. The e-commerce company earned $1 per share, compared to the 88-cent per share profit analysts surveyed by
Maple Leaf Foods Inc (MFI) shares dropped more than 4% Wednesday morning despite Canada’s leading consumer protein company reporting a rise in first-quarter sales and profit. Lower plant protein sales might have weighed on MFI shares. Maple Leaf’s sales came in at C$1.05 billion for the quarter ended March 31, increasing 3% from C$1.02 billion
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker earned $2.25 per share for the first quarter, compared to a consensus estimate of $1.04 a share, though revenue was very slightly below forecasts. GM said its results were helped by strong auto pricing as well as
By Egon von Greyerz The number one objective of a US president is to be reelected. To achieve that, it is not enough to be good looking or to speak well. No, the only way to be reelected is to buy votes. The price of votes varies depending on the state of the economy. At the
Ericsson (ERIC) has inked a strategic partnership with Telarus as it looks to target the $90 billion small and medium business (SMB) market in the U.S. The partnership will allow the communication infrastructure company to market Ericsson Wireless Office through Telarus, a U.S.-based sales agency, to a wider pool of businesses. Ericsson Wireless Office is
Take a look at some of the biggest movers in the premarket: CVS Health (CVS) – The drug store and pharmacy benefits management company earned $2.04 per share in the first quarter, above the consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. CVS saw higher sales at its stores,
Shares of Brookfield Renewable Partners (BEP.UN) fell more than 3% on Tuesday morning after the hydroelectric and wind power generation facilities operator posted lower-than-expected revenue in its first quarter. The company reported a loss after reporting a profit for the same period a year ago. Brookfield Renewable’s revenue came in at nearly $1.02 billion for
By Chris Black According to a recent article from CNN, the Biden regime will partner with private corporations to monitor “extremist chatter” online. This article talks about how the intelligence apparatus, i.e. the intelligence agencies (CIA, FBI, NSA, DHS etc.) are going to use private companies (Google, Facebook) in order to spy on Americans domestically,
Gamers of the Philadelphia Fusion, left, and London Spitfire teams compete during the Activision Blizzard Inc. Overwatch League Grand Finals at Barclay Center in the Brooklyn Borough of New York, U.S., on Friday, July 27, 2018. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines after the bell on Tuesday: Activision
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