Shares of Niu Technologies fell 5% in early trade on Monday despite the e-scooter manufacturer reporting Q4 and full-year 2020 financial results that beat analysts’ estimates. Niu (NIU) reported better-than-expected fourth quarter results driven by a 42% year-on-year increase in e-scooter sales. Revenue of $103 million grew 25% compared to a year ago, beating analysts’
Stock Market
Take a look at some of the biggest movers in the premarket: Apollo Global (APO), Athene (ATH) – The private-equity firm’s shares gained 8% in premarket trading following news that it will merge with retirement services company Athene in an all-stock transaction that values Athene at about $11 billion. Athene shares surged 19.6%. McAfee (MCFE)
by Chris Kimble Technology is at the heart of our economy… the same way that industrials were 100 years ago. And that leadership has been present in the stock market for the past two decades. Today’s chart illustrates this… as well as a potential “pause” in that leadership vacuum. Below is a long-term “monthly” ratio
Abbott’s Alinity m Resp-4-Plex molecular assay, which was designed to test for four viruses in one test, has been authorized for emergency use by the US Food and Drug Administration (FDA). Shares of the global healthcare company gained 1.1% to close at $117.25 on March 5. The Alinity m Resp-4-Plex test was introduced by Abbott
by Michael Snyder Enjoy this brief period of relative stability while you can, because it won’t last. I have been sitting here searching for the right words for this article, and I hope that I can accurately convey the urgency of this hour to all of you. Following the election of Joe Biden, there appears
Costamare (CMRE), an owner and operator of containerships, has rallied 96% in the last six months, and a key reason for the upside has been a gradual uptick in global economic activity. Even after this surge, CMRE stock remains undervalued. For FY2020, the company reported an adjusted EPS of $1.02. With a share price of
by confoundedinterest17 Since its creation in 1913, The Federal Reserve has helped obliterate the purchasing power of the US Dollar. And just wait for Biden’s $1.9 trillion in government spending (the first of many) to hit the economy. Now you can see why investors seek out gold, silver, Bitcoin and other sources of protection from The
Despite COVID-related challenges, restaurant stocks like Yum! Brands (YUM) have recovered quite well over the past year. YUM is trading well above its lows set in March 2020 and bounced back to pre-pandemic price levels in December. However, the restaurant franchising giant (whose brands include KFC, Pizza Hut, and Taco Bell) has been trading sideways
by Sundance Attorney Lin Wood has released an interview with a whistleblower [pdf here] who operated for years within part of the apparatus connected to Deep State surveillance. While the focus is upon the activity of Rod Rosenstein and even Mike Pence as it relates to the Trump administration, there is part of the interview that connects to
GSX Techedu closed 8.9% higher on Friday after the China-based educational services provider surprised investors with 4Q revenues that came in above the Street’s estimates. However, it reported a wider-than-expected loss. GSX (GSX) reported 4Q revenue growth of 136.5% year-over-year to $338.9 million, driven by 155.6% growth in online K-12 courses. Analysts were expecting revenues
Last week, Nikola (NKLA) reported 4Q20 earnings, bringing to a close a drama-filled debut year as a publicly traded entity. The list of 2020’s headline grabbing antics is a long one, including the allegations of fraud against the company’s founder Trevor Milton, his subsequent resign, the abandonment of the plans for pick-up truck the Badger,
by Raúl Ilargi Meijer Auguste Renoir The umbrellas 1881-6 The Washington Post said recently: “The anti-vaccine movement is comparable to domestic terrorism, and must be treated that way”, while the Guardian had this: “When it comes to shifting attitudes to vaccines, it is crucial to distinguish between public information campaigns that seek to educate the public and
Micron’s (MU) upward momentum is showing no signs of fatigue. After struggling through 2020’s first three quarters, affected by an adverse microenvironment and a lack of demand for its memory products, the chip giant is firing on all cylinders. The semiconductor industry is known to be cyclical in nature, and the pendulum has now swung
A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares
Guest post from John Wilder at Wilder Wealthy Wise. “A Roy-ale With Cheese®. What do they call a Big Mac©?” – Pulp Fiction Picard doesn’t have an iPhone® he got unlimited Data with his Android©. The last time I had a Double Quarter Pounder with Cheese™ from McDonalds© here in Modern Mayberry, it cost me $4.79. It
Usually when a pharma company announces approval of one of its products, it usually merits an upwards rejig to an analyst’s model. But “usually” doesn’t mean “always.” On Wednesday, KemPharm (KMPH) announced that the FDA had given its nod of approval for Azstarys, the company’s once a day treatment of attention deficit hyperactivity disorder (ADHD).
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | Orange County Register via Getty Images February’s surprisingly strong job growth signals that the economy could be at a pivot point
by Charles Hugh-Smith The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral. For those seeking a summary, here is the global financial endgame in fourteen points: 1. In the initial “boost phase” of credit expansion, credit-based capital ( i.e. debt-money) pours into expanding
The investing community has been given a reminder that stocks can move in both directions; Growth names such as Plug Power (PLUG) have borne the brunt, pulling back over the past few weeks. But according to one analyst, the selloff is creating a great opportunity to get into PLUG on the long side. Taking advantage
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The Covid-19 aid package is on track for final congressional approval in the week ahead — and it could be a double-edged sword for markets. The legislation should be greeted by optimism around the powerful lift it could give
JUST IN – Gov. Abbott (R-TX) says Big Tech’s censorship of conservative viewpoints is un-American, unacceptable, and will be “against the law” in the state of Texas pretty soon.pic.twitter.com/etKJj1GLGt — Disclose.tv 🚨 (@disclosetv) March 5, 2021 Needs to do like Poland: unconstitutional censorship equals 100 million dollar fine Poland Will Fine Big Tech $13.5 Million
Unlike other cloud plays, VMW stock didn’t get a tremendous boost from pandemic tailwinds. Yet despite investors rotating out of tech stocks, this underperforming name could still move higher. VMware (VMW) may have beaten analysts’ estimates late last month, but the results hardly had an impact on its stock price. Since releasing its quarterly results
Take a look at some of the biggest movers in the premarket: IMAX (IMAX) – IMAX lost 21 cents per share, one cent a share more than analysts had anticipated. The movie theater operator’s revenue came in above Wall Street estimates. Sales were helped by stronger performances in Asian markets, and the company is anticipating
by David Haggith “Remember that the market is a forward-looking indicator. Ideally, it is pricing in the gains of the next six to 18 months.” (Seeking Alpha) Famous last words again and again. That sunny advice about today’s overpriced market was repeated again about a week ago. It is the same excuse that was routinely deployed
The Kroger Co., one of the world’s largest retailers, posted better-than-expected fiscal 4Q earnings, driven by strong online sales. Meanwhile, total sales for the quarter fell short of analysts’ expectations. Shares closed 2.5% higher on Thursday. Kroger (KR) reported 4Q adjusted earnings of $0.81 per share, up 42.1% year-over-year, and beating analysts’ expectations of $0.69.
A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Costco – Costco shares fell 1.3% after the company posted mixed fiscal second-quarter results. Costco
by Michael Snyder The thin veneer of civilization that we all take for granted on a daily basis is steadily disappearing all around us. As I write this article, hordes of criminal predators are roaming the streets of major U.S. cities searching for their next victims. Even when crime rates were high in the 1970s
In a casino, if you play long enough, the House always wins; this is just a matter of probabilities and available resources. It’s different in the stock market, even though there is a tendency to refer to stock investing as a game. Smart investors don’t have to ‘beat the house’ to come out ahead; this
A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Hiring likely improved in February as more of the economy reopened, but winter weather could have hampered some activity. Economists expect to see 210,000 payrolls
Florida Republican Gov. Ron DeSantis railed against Democrats’ $1.9 trillion COVID spending bill Friday as a pork-stuffed redistribution project to bail out blue state governors’ mismanagement at the expense of working people in red states. “They are actually rewarding the states that have the highest unemployment rates. So if you locked down, if you destroyed
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