Shares of DraftKings rose 6.4% on Feb. 26 as the online sports betting and gaming company’s fourth-quarter results came in better than analysts’ estimates. The company’s revenues shot up by 146% year-on-year to $322 million beating consensus estimates of $232.6 million. Accounting for the pro-forma impact to the combination with SBTech (Global) Ltd. and Diamond
Stock Market
By any objective standard, Plug Power’s (PLUG) Q4 “earnings” report was a disaster. Relative to analyst expectations of a $0.10 per share loss for the quarter, Plug’s reported loss of $1.12 per share was 11x worse. Want to talk revenue? Plug had negative revenue for the quarter, a consequence of the company having to subtract
The list of Aurora Cannabis (ACB) pessimists on Wall Street is a long one. Jefferies’ Owen Bennett is among the detractors. The analyst has been on the lookout for signs the company is on the cusp of a meaningful turnaround, but evidence is hard to find. The Canadian pot producer’s latest quarterly results provided little
By MINING.com The world’s two largest money managers have built a combined $170 billion investment portfolio in coal using money from people’s private savings and pension contributions, despite a global push for carbon neutrality, a new report shows. The eye-popping figure pales in comparison to the astronomical $1 trillion in coal investments held by 4,488 institutional
In what has become an increasingly familiar pattern over the past year, Square (SQ) delivered another strong display when it reported 4Q20 earnings on Tuesday. Driven by surging Bitcoin demand, revenue increased by 141% year-over-year to reach $3.2 billion, beating Street estimates by $50 million. There was a beat on the bottom-line, too, with Non-GAAP
Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per share, beating consensus by 20
The development of Cassava Sciences’ (SAVA) Alzheimer treatment appears to be rolling along smoothly. On Monday, the biotech said its End-of Phase 2 (EOP2) mid-January meeting with the FDA had gone well. The company met up with the regulatory body to discuss the path forward for simufilam, Cassava’s Alzheimer’s disease (AD) drug candidate, which is
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The tug-of-war between stocks and rising bond yields could set the tone for the coming week, particularly if positive economic data continues to push Treasury yields higher. Friday’s February employment report is the highlight of the week’s data and
by Tom McClellan Liquidity is bullish for the stock market. It is even more bullish for small cap stocks and other types of issues which are more sensitive to liquidity. That is why indicators like the A-D Line are so useful for gauging the health of the liquidity pool. There are more small cap stocks than
You can get whiplash, trying to follow the market fluctuations these days. Volatility rules for now, as investors are pulling out of Big Tech – a move that is pushing the general markets down. The bearish sentiment comes as new COVID case numbers are falling, along with the weekly unemployment claims. Both are positive news
Etsy CEO Chad Dickerson and others celebrate their IPO at the Nasdaq exchange, April 16, 2015. Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company popped nearly 13% on Friday after beating on the top and bottom lines of its quarterly results. Etsy earned $1.08 per
By Leonard Hyman & William Tilles We have just witnessed the damage caused by poorly designed energy grids—rolling blackouts, skyrocketing electricity prices, people sleeping in their cars and in one insulated room to keep warm. At the same time a weaponized right wing media swings into action blaming wind turbines and the green new deal
Last year was among the worst years for the energy sector. The global recession triggered by the novel coronavirus ensured that oil prices remained depressed. However, in 2021, a turnaround seems imminent. 2020 saw global GDP contract by 3.5%. Looking ahead, the International Monetary Fund expects the world economy to grow 5.5% in FY2021, and
A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019. Jason Lee | Reuters Check out the companies making headlines after the bell on Thursday: Beyond Meat – Beyond Meat shares rose as much as 14.7% in volatile trading on news that the plant-based
Despite the recent market-wide pullback, oncology drug-maker Celsion (CLSN) is enjoying a breakout year, with shares up by 210% year-to-date. One Street analyst thinks the stock has a way to run yet. Brookline Capital analyst Kumaraguru Raja reiterated a Buy rating on CLSN shares, while boosting his price target from $3 to $4. The new
People walk past the New York Stock Exchange in the Manhattan borough of New York, November 10, 2020. Carlo Allegri | Reuters Growing inflation concerns, optimism the economy could surge and some technical factors are combining to drive interest rates higher at a rapid clip. But on Thursday, for the first time, the market has
Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials.
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop remains on watch after another Reddit-fueled surge Wednesday in the video game retailer’s shares, as well as other so-called “Reddit stocks” like BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop surged 55.8% premarket, while AMC rose 12.9%,
Via International Man International Man: President Biden’s Treasury Secretary—and Obama Fed Chair—Janet Yellen recently floated the idea of taxing unrealized capital gains through a “mark-to-market” mechanism. What is going on here? Doug Casey: When you tax unrealized capital gains—as they do with foreign stocks in a number of countries, like New Zealand, where it made
Teladoc Health’s shares dropped 6.1% in extended-hours trading on Feb. 24 as the virtual healthcare provider’s 4Q net loss per share widened to $3.07 from a net loss per share of $0.26 in 4Q FY19. Analysts were expecting a loss of $0.24 per share. Revenue for the quarter increased 145% year-on-year to $383.3 million, ahead
Take a look at some of the biggest movers in the premarket: Lowe’s (LOW) – The home improvement retailer reported quarterly profit of $1.33 per share, 12 cents a share above estimates. Revenue also came in above analysts’ forecasts. Same-store sales jumped 28.1%, compared to the 22% predicted by analysts surveyed by FactSet. Lowe’s shares
by Chris Kimble Inflation seems to be a thing of the past… but current trading in bond and commodity markets tell us that it could become a thing of the future! Inflation hasn’t been an issue, or even on our radar, since the 1980s. Sure, the 2007 surge in oil prices offered some concern but the
The US Postal Service took its time deliberating who will win the coveted contract to replace its aging delivery fleet. While the losers will bemoan the months waiting in suspense, for the winner – Oshkosh (OSK) – the long wait will matter little. After several delays on the final decision, on Tuesday, the company was
The stock market is warning us that a real bloodbath could be around the corner. Let’s take a look at some charts. The market action of the last week has been extremely problematic. On the surface things look relatively benign. The S&P 500 fell to test support and its 50-day moving average (DMA) and bounced hard. All
A shopper walks toward a GameStop store in Ottawa, Illinois, April 1, 2019. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: GameStop – Shares of the gaming retailer surged 61%, building on their massive surge during the regular trading session as traders weighed a C-suite
Nvidia (NVDA) stock has been a winner in the pandemic era. The semiconductor giant represents a play on multiple trends including AI, cloud, gaming and AV/ADAS, and investors have bought into the story, sending shares up by 110% over the past 12 months. The company is set to release the January quarter results today after
Home Depot and Lowe’s stores Getty Images Check out the companies making headlines in midday trading. Lowe’s – Shares of Lowe’s ticked more than 3% lower after the company said home improvement sales will likely decline in 2021 as more people get Covid-19 vaccines and spend more time outside their homes. Despite the outlook, Lowe’s said fourth-quarter same-store
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Bank of America sets a 2021 gold price target of $2,000, why silver could jumpstart the next precious metals bull cycle, and thefts of catalytic converters from cars are on the rise, driven by
Wells Fargo has agreed to sell Wells Fargo Asset Management (WFAM) to private-equity firms – GTCR and Reverence Capital Partners – for $2.1 billion. WFAM is the asset management unit of the bank, with $603 billion in assets under management and specialized investment teams with more than 450 investment professionals. The deal is anticipated to
by howmuch Basic internet access to this article isn’t even a thought for people living in extreme poverty. Most of us think of extreme poverty as an abstract concept that we hear about but never see. Yet, as our visualization illustrates, a significant portion of the world’s population lives like this, separated geographically from the
- « Previous Page
- 1
- …
- 95
- 96
- 97
- 98
- 99
- …
- 182
- Next Page »