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3 Hospitality Stocks To Explore As Travel Activities Resume
May 27, 2021 07:34 PM PDT| By Kiran MuraliSummary MGM Resorts’ revenue from China grew 9 percent in the first quarter. Caesars Entertainment CEO sees strong demand for entertainment. Travel restrictions in Macao, Singapore, impact Las Vegas Sands performance. The hospitalit.....
5 Food Stocks To Explore As COVID-19 Restrictions Ease
May 27, 2021 10:51 AM PDT| By Kiran MuraliSummary McDonald’s and Yum! Brands saw their sales recover to pre-pandemic levels. Starbucks expects its global comparable sales to grow up to 23 percent in fiscal 2021. Beyond Meat and Tattooed Chef saw strong growth in Q1 sales. S.....
TAL & EDU: Two Hot Education Stocks In Market
May 26, 2021 09:29 AM PDT| By Team Kalkine MediaSummary TAL closed Tuesday's session at 18.47% higher to US$42.14, while EDU closed 20.84% higher to US$10.96 from the previous close. TAL Revenue increased to US$4.5 billion in the fourth quarter ended February 2021. The stocks had pulled bac.....
2 Cruise Stocks To Explore As Economy Reopens
May 25, 2021 05:23 PM PDT| By Team Kalkine MediaSummary Carnival Corp to restart its U.S. cruise operations, starting with Alaska sailings in July. Norwegian Cruise Line Holdings to start Alaska cruising from August. With the easing of pandemic restrictions, hopes are high for cruise operat.....
Take-Two & Activision Blizzard: Two Gaming Stocks To Watch
May 24, 2021 09:49 PM PDT| By Team Kalkine MediaSummary Take-Two’s net revenue grew 10% to US$839.4 million in Q1. Take-Two acquired the successful games developer HB Studios Multimedia. Activision Blizzard’s GAAP net revenue was US$2.28 billion in Q1 of 2021. .....
Can Beyond Meat Stock (BYND) Continue Monday’s Rally?
May 24, 2021 06:46 PM PDT| By Kiran MuraliSummary The plant-based meat product company’s stock peaked 12.8 percent in intra-day trade. First-quarter revenue grew 11.4 percent to US$108.2 million. The stock is up 154 percent since its NASDAQ listing in 2019. Beyond Meat, Inc.....
Oatly Stock Up 22.97% In Market Debut, Raises US$1.4 billion
May 20, 2021 12:52 PM PDT| By Team Kalkine MediaSummary Oatly stock (NASDAQ: OTLY) soared 22.97% to US$20.9 at 2:48 pm ET on Thursday, May 20. Oatly raised US$1.4 billion from 84.4 million American depositary shares at an offering price of US$17 apiece on Wednesday, bringing its valuation to.....
Macy’s Raises FY’21 Forecast; Stock Up 68% YTD
May 18, 2021 05:29 PM PDT| By Team Kalkine MediaSummary The department store operator projects its net sales to grow to US$22.23 billion in fiscal 2021. Macy’s added 4.6 million new customers in Q1 ended May 1. The company’s stock is up 68 percent year to date, while it grew 243.....
Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1
May 18, 2021 04:59 PM PDT| By Team Kalkine MediaThe first-quarter net earnings of Home Depot, Inc. (NYSE: HD) rose to US$4.15 billion, or US$3.86 per share diluted, from US$2.25 billion, or US$2.08 earnings per share diluted, in the year-ago period. The company’s net sales rose 32.7% to U.....
Walmart’s Revenue Up 2.7% On Pent-Up Demand, E-Commerce Boost
May 18, 2021 11:34 AM PDT| By Team Kalkine MediaSummary Walmart’s revenue rose 2.7% YoY to US$138.3 billion in the first quarter of 2021. Its global e-commerce sales jumped 49% during the period. The company’s consolidated operating income surged 32.3% to US$6.9 billion, and its.....
Kraft Heinz: A Rising Warren Buffet Stock
May 17, 2021 03:53 PM PDT| By Kiran MuraliSummary The stock outperformed its competitors like Mondelēz International, Inc. (NASDAQ: MDLZ), and PepsiCo, Inc. (NASDAQ: PEP) this year. Kraft Heinz’s largest shareholder Berkshire Hathaway seems confident in its CEO and management. ...
DoorDash Stock Jumps Over 20% After Strong Earnings Report
May 14, 2021 12:19 PM PDT| 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% .....
Kellogg & AB InBev: Will These Two Stocks Rise On Consumer Comeback?
May 06, 2021 06:11 PM PDT| 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.....
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Upbeat Forecast Boosts Under Armour, Caesars Shares; Peloton Dips After Treadmill Recall
May 05, 2021 01:56 PM PDT| By Team Kalkine MediaShares of Under Armour, Inc. (NYSE: UAA) and Caesars Entertainment, Inc. (NASDAQ: CZR) rallied on Wednesday’s trading as both the companies showed optimism in recovery expectations. However, shares of New York-based fitness equipment manufac.....
Coursera, Chegg, & Houghton: 3 Education Stocks To Explore
May 05, 2021 11:18 AM PDT| By Team Kalkine MediaSummary Coursera’s Q1 revenues jumped 64% to US$88.4 million, compared to the same period a year ago. Chegg’s net revenues were up 51% YoY to US$198.4 million in the first quarter of 2021. Houghton stock surged 32% in the last 30 d.....
3 Alcohol Stocks To Explore On Wall Street
April 30, 2021 09:07 PM PDT| By Team Kalkine MediaSummary Shares of Oregon-based Willamette Valley Vineyards rallied to a 52-week high on Wednesday. Boston Beer saw its share price rise 23 percent in the first four months of the year. New York-based Constellation Brands’ stock also hit .....
McDonald’s, Yum! Brands Q1 Sales Exceed Pre-Pandemic Level
April 29, 2021 01:39 PM PDT| By Team Kalkine MediaSummary McDonald’s CEO Chris Kempczinski said the company’s first-quarter global comparable sales and revenue surpassed the numbers in the first quarter of 2019. Yum! Brands’ worldwide same-store sales grew 9 percent in the qu.....
P&G to Hike Prices Over Rising Commodity Cost; Posts Robust Q3’21 Results
April 20, 2021 06:27 PM PDT| By Team Kalkine MediaSummary Prices will increase for P&G’s products in its baby care, feminine care and adult incontinence categories. The consumer products company attributed the price hike to the impact for increasing commodity costs. P&G’s .....
Altria, British American Tobacco Stocks Tumble as FDA Reportedly Looks to Cut Nicotine
April 20, 2021 02:53 PM PDT| By Team Kalkine MediaSummary The U.S. Food and Drug Administration is reportedly considering to cut nicotine level in cigarettes. Altria’s share dropped around 10 percent this week while British American Tobacco declined close to 7 percent on NYSE. Share of .....
PepsiCo’s Q1’21 Revenue Up 6.8%, Reiterates 2021 Guidance
April 16, 2021 05:24 AM PDT| By Team Kalkine MediaSource: Kowit Lanchu, Shutterstock Summary Organic revenue during the first quarter grew 2.4 percent year over year. Net income rose to US$1.71 billion from US$1.34 billion. PepsiCo anticipates 2021 organic revenue to grow in mid-single digit...
