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Stocks
Disney Hits 103 Million Subscribers in Q2, Revenues Down 13%
May 16, 2021 04:07 AM AEST| By Team Kalkine MediaThe Walt Disney Company (NYSE: DIS) results for the second quarter ended April 3, 2021, was out on Friday. Its quarterly revenues were down 13% to US$15.6 billion, compared to US$18 billion in the quarter ended March 28, 2020. The company attribut.....
DoorDash Stock Jumps Over 20% After Strong Earnings Report
May 15, 2021 05:19 AM AEST| By Team Kalkine MediaThe stock of American food delivery service DoorDash Inc. (NYSE: DASH) surged more than 23% to US$142.265 at 2:29 pm ET on Friday, May 14, a day after it reported a robust earnings growth. The Florida-based company’s Q1 revenues surged 198% .....
Three Penny Stocks Worth Exploring
May 14, 2021 11:12 AM AEST| By Team Kalkine MediaPenny stocks are considered as a high-risk investment due to their volatile nature. But lower price points and the potential for high returns make these stocks attractive. In this article, we explore three penny stocks on investors’ radar: W.....
Trulieve Acquires Harvest Health’s Cannabis Arm For Record US$2.1 bn
May 14, 2021 09:41 AM AEST| By Team Kalkine MediaSummary Florida-based marijuana company Trulieve (TCNNF) has acquired Harvest Health’s cannabis arm for a record US$2.1 billion in the biggest deal for the US cannabis industry to date. It will now have a presence in 11 states from its cu.....
Alibaba’s revenues up 64% YoY, Adds 1 Billion Active Customers
May 14, 2021 08:31 AM AEST| By Team Kalkine MediaSummary Alibaba’s revenues up 64% YoY to US$28.6, with adjusted earnings of US$1.58 a share. Loss of US$1.1 billion due to penalty of US$2.7 billion in antitrust probe by Chinese regulators. The company plans to invest more in growth-ori.....
What’s Next for Xiaomi After US Ban Revoked?
May 14, 2021 06:59 AM AEST| By Team Kalkine MediaSummary The recent lifting of the ban by the US Defence Department – a ruling that it had been waiting for some time - has raised the bar for its annual target. Consumer sentiments towards the company are likely to improve from the decisi.....
3 Technology Stocks To Explore On Wall Street
May 14, 2021 06:04 AM AEST| By Team Kalkine MediaTechnology was one of the best performing sectors in 2020. Yet, the NASDAQ 100 Index has been an underperformer to the S&P 500 year-to-date. Recent trends show that investors have turned their attention to stocks whose progress is typically li.....
Renewables Get A Jumpstart After Biden’s US$2.8bn Wind Project
May 14, 2021 04:36 AM AEST| By Team Kalkine MediaIn a major boost to the renewable energy sector, the Biden administration has approved the country's largest wind farm project valued at around US$2.8 billion. The farm will be jointly developed by Vineyard Wind LLC., Avangrid (NYSE: AGR), and Cop.....
Tesla Eyes Entry Into Multimillion-Dollar US Renewable Market
May 14, 2021 03:01 AM AEST| By Team Kalkine MediaSummary Tesla is one of the eight companies that submitted applications with the Environmental Protection Agency (EPA) for power generation and renewable credits. Then-President George W. Bush created the Renewable Fuel Standard (RFS) program t.....
FuboTV Shares Rise On Record Q1 Revenue Growth
May 13, 2021 05:23 AM AEST| By Team Kalkine MediaSummary First quarter revenue and subscriber figures exceeded FuboTV’s estimate. Revenue grew 135 percent year over year to US$119.7 million. Subscribers in the first quarter doubled to 590,430. Full year 2021 revenue now anticipated to.....
Palantir’s Strong Q1 Topline Growth Drives Up Stock Price
May 12, 2021 04:34 AM AEST| By Team Kalkine MediaSummary The Denver-based data analytic company posted a topline growth of 49 percent. Palantir’s stock was trading at US$20.07, up 8.6 percent on Tuesday morning. For the second quarter, the company anticipates its revenue to increase 43.....
Two Cosmetics Stocks To Explore On NYSE
May 11, 2021 11:03 AM AEST| By Team Kalkine MediaSummary Estée Lauder’s stock recently rallied to its 52-week high of US$318.34. Shares of New York-based cosmetics company Coty are up 27 percent this year. NYSE-listed Estée Lauder Companies Inc. (NYSE: EL) and Coty In.....
BioNTech Stock Jumps 10% After Strong Earnings Report
May 11, 2021 10:18 AM AEST| By Team Kalkine MediaSummary German biotechnology firm BioNTech’s revenues rose to €2.05 billion (US$2.49 billion) in the first quarter of 2021, compared to €27.7 million in the year-ago period. The stock gained more than 310% in the past 12 months,.....
Three Industrial Sector Dividend-Paying Stocks To Explore
May 11, 2021 08:42 AM AEST| By Team Kalkine MediaHere are three dividend-paying industrial stocks that may benefit from the US economic recovery. The capital goods industry has witnessed one of the worst storms during the covid pandemic. The US government’s economic stimulus plan has boost.....
Will These Three Entertainment Stocks Rally On Consumer Optimism?
May 11, 2021 05:57 AM AEST| By Team Kalkine MediaSummary Consumer spending has increased in recent weeks, raising hopes that recovery is moving in full steam ahead. Like other economy-sensitive sectors, the entertainment industry stands to benefit from an economic revival. Stocks of Chicken .....
Kellogg & AB InBev: Will These Two Stocks Rise On Consumer Comeback?
May 07, 2021 11:11 AM AEST| By Team Kalkine MediaSummary Kellogg’s revenues rose 5.1% to US$3.58 billion in the first quarter of 2021, compared to US$3.41 billion in the year-ago period. Kellogg’s organic net sales rose 4.2% to US$3.55 billion during the quarter. The AB InBev sto.....
Did Strong Tailwinds Push Roku & ViacomCBS Stocks Higher?
May 07, 2021 07:42 AM AEST| By Team Kalkine MediaSummary Roku’s (NASDAQ:ROKU) value jumped over 120% in the past 12 months as its video-streaming content sees growth. Roku to co-organize a major industry event in June called Tribeca X, where many top business leaders will discuss the fu.....
Why Fastly, Cognizant Stocks Are Declining Today?
May 07, 2021 05:09 AM AEST| By Team Kalkine MediaSummary Fastly announced CFO transition after reporting an increase in its first quarter loss. Cognizant’s first quarter net income soared to US$505 million from US$367 million in the year-ago period. Shares of Fastly, Inc. (NYSE: FS.....
Etsy & Wayfair: Two E-Commerce Stocks Making A Splash
May 07, 2021 04:24 AM AEST| By Team Kalkine MediaSummary Etsy registered a 100% growth over the past year as active buyers soared to 16.3 million. Wayfair saw 52% jump in stock value as business grew in the US and Europe. The number of Wayfair’s active customers soared 57% YoY to 33.2 .....
Square, NetEase, & Fiverr: 3 Growth Stocks On Investors’ Radar
May 06, 2021 07:46 AM AEST| By Team Kalkine MediaSummary Square jumped 240% in the past 12 months, boosted by increased transactions, and new customers. NetEase surged more than 56% in the past year as demand for its services grew. Fiverr gained more than 300% in the past year as e-commerce .....
