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Stock market
Foot locker (FL), Deere & Co (DE) post strong results, stocks rally
August 21, 2021 04:16 AM AEST| By Sanjeeb BaruahStocks of retailer Foot Locker Inc. (NYSE: FL) and equipment maker Deere & Company (NYSE: DE) were trending on Wall Street after reporting solid earnings on Friday. The FL stock was priced at US$58.98, up 8.44 percent, at 8:42 am ET, while DE .....
Alibaba, Amazon & TJX: Why are these three stocks in focus Thursday
August 20, 2021 04:22 AM AEST| By Team Kalkine MediaHighlights Amazon (AMZN) stock rose after reports of its plan to open departmental stores. Alibaba (BABA) stocks continue to tumble due to China’s plan to regulate companies’ consumer data. TJX Companies, Inc (TJX) reported sales o.....
Why is Warren Buffett doubling down on Kroger?
August 19, 2021 03:22 AM AEST| By Team Kalkine MediaHighlights Berkshire’s major investments in companies like Apple Inc, Coca-Cola Co, and Bank of America remained unchanged in the second quarter. Berkshire trimmed its shares in healthcare companies like Biogen, Merck & Co, AbbVie Inc.....
Check out these top three Nasdaq gainers Monday
August 17, 2021 08:25 AM AEST| By Team Kalkine MediaHighlights GoHealth, Inc. (NASDAQ: GOCO) rose 20.88% at 4:00 pm ET on Monday. Magal Security Systems (NASDAQ: MAGS) surged 11.33% to close at US$5.11 at 4:00 pm ET. Travere Therapeutics (NASDAQ: TVTX) closed at US$17.82, up 15.34%, at 4:00 pm .....
What first-time investors should know before investing in stocks
August 17, 2021 07:12 AM AEST| By Team Kalkine MediaHighlights Stock investments are always subject to market risk. Learn to swim or keep afloat as you hone the skills required in the stock market. Patience is key to handle downswing or upswing in the market with ease. For first-time inves.....
Paysafe (PSFE) stock tumbles, Oatly (OTLY) rises after Q2 earnings
August 17, 2021 02:17 AM AEST| By Team Kalkine MediaHighlights Paysafe (NYSE: PSFE) stock fell 11.18%, and Oatly (NASDAQ: OTLY) stock rose 6.43% at around 9:45 am ET after declaring their quarterly results. Paysafe’s revenue jumped 13% YoY and Oatly revenue grew 53% over the previous year.....
Airbnb (BNB) revenue up 299%, ContextLogic’s (WISH) losses rise in Q2
August 14, 2021 03:37 AM AEST| By Team Kalkine MediaHighlights Airbnb Inc. (NASDAQ: ABNB) reported revenue of US$1.3 billion, up 299% year-over-year. ContextLogic Inc. (NASDAQ: WISH) reported revenue decline of 6% to US$656 million. WISH booked a net loss of US$111 million or US$0.18 per share .....
Why are Palantir (PLTR), Joby Aviation (JOBY) stocks stealing attention?
August 13, 2021 03:13 AM AEST| By Team Kalkine MediaHighlights Palantir Technologies Inc. (NYSE: PLTR) booked a 49% revenue growth YoY in Q2. Joby Aviation, Inc. (NYSE: JOBY) debuted on NYSE on August 11 after a SPAC deal. Palantir stock was up 8.14%, and Joby Inc. was down 0.52% in the pr.....
FuboTV (FUBO), Upstart (UPST) stocks zoom after solid Q2 results
August 12, 2021 06:17 AM AEST| By Team Kalkine MediaSummary FuboTV Inc. (NYSE: FUBO) reported revenue of US$130.9 million in Q2, 2021, up 196% YoY. Upstart Holdings, Inc.’s (Nasdaq: UPST) revenue surged 1018% YoY to US$194 million in Q2. UPST reported a net income of US$37.3 million in th.....
3D Systems (DDD), Fulcrum (FULC) stocks rally after Q2 earnings reports
August 11, 2021 08:51 AM AEST| By Team Kalkine MediaSummary 3D Systems Corporation (NYSE: DDD) stock jumped over 21%, while Fulcrum Therapeutics Inc. (NASDAQ: FULC) surged more than 125% at the market close on Tuesday. 3D Systems reported its June quarter earnings on August 9; Fulcrum reported Q.....
Why are Fisker (FSR), Jumia (JMIA) stocks drawing attention today?
August 11, 2021 04:27 AM AEST| By Team Kalkine MediaSummary Fisker Inc. (NYSE: FSR) stock jumped over 19%, while Jumia Technologies AG (NYSE: JMIA) plunged 7.75% in intraday trading on Tuesday. Fisker reported its Q2 earnings on August 5; Jumia reported June quarter earnings on Tuesday. Jumia T.....
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Golden Nugget (GNOG), Spartan (SPAQ) stocks shine after separate deals
August 11, 2021 03:39 AM AEST| By Team Kalkine MediaSummary Golden Nugget allowed itself to be bought by digital sports company DraftKings for around US$1.6 billion in an all-stocks deal. European battery charging firm Allego to go public after a merger with Spartan Acquisition Corp. III. Golde.....
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Robinhood, Moderna, CVS Health: 3 stocks catching the eye today
August 05, 2021 01:58 AM AEST| By Team Kalkine MediaSummary Robinhood stock (NASDAQ: HOOD) jumped over 15% in the pre-market session. Moderna Inc (NASDAQ: MRNA) gained FDA’s Fast Track designation to its mRNA-1345 vaccine. The stock gained 393% in one year. CVS Health Corp (NYSE: CVS) on .....
Translate Bio (TBIO), Under Armour (UA), Ralph Lauren (RL) stocks rally
August 04, 2021 06:46 AM AEST| By Kiran MuraliSummary Sanofi will buy mRNA therapeutics company Translate Bio in a US$3.2 billion deal. Under Armour projects its 2021 revenue to grow at a low twenties percentage rate. Ralph Lauren now anticipates its fiscal 2022 revenues to increase up to.....
Clorox (CLX), Take-Two (TTWO) stocks dip after earnings update
August 04, 2021 04:18 AM AEST| By Kiran MuraliSummary Clorox’s stock plunged over 10%, Take-Two declined 9% on Tuesday morning. Clorox reported its fiscal full-year 2021 results, which missed its earlier estimate. Take-Two delayed the release schedule of two of its core titles to la.....
Alibaba (BABA) revenue up 34%, Eli Lilly (LLY) lowers earnings outlook
August 04, 2021 03:42 AM AEST| By Team Kalkine MediaSummary Alibaba Group’s (NYSE: BABA) June quarter revenue grew by 34% year-over-year, non-GAAP net income increased by 10% year-over-year. Eli Lilly and Company’s (NYSE: LLY) revenue increased by 23% in the June quarter. Its ne.....
Why ON, XPO stocks jumped on Monday?
August 03, 2021 06:16 AM AEST| By Team Kalkine MediaSummary ON Semiconductor stock jumped around 15%, while XPO Logistics grew 7%. ON Semiconductor posted better-than-expected second-quarter earnings. XPO Logistics completed the spin-off of its supply chain business GXO Logistics Inc. ON S.....
Why are Ever-Glory (EVK), Marin Software (MRIN) stocks trending today?
August 03, 2021 03:23 AM AEST| By Kiran MuraliSummary Ever-Glory stock jumped over 160%, while Marin Software plunged 15% on Monday morning. Ever-Glory will repurchase up to US$5 million of its outstanding common stock. Marin Software’s second-quarter revenues fell 16 percent year o.....
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Will these 5 popular Chinese stocks survive the regulatory storm?
July 31, 2021 11:33 AM AEST| By Team Kalkine MediaSummary The crackdown on Chinese companies may affect their business negatively in future. Chinese stocks witnessed a massive sell-off this week. Investors are wary of the situation, and the nervousness may settle only with time. Chinese .....
Caterpillar revenue up 29%, AbbVie sales jump on Humira, Botox demand
July 31, 2021 02:24 AM AEST| By Team Kalkine MediaSummary Caterpillar Inc. (NYSE: CAT) reported revenue of US$12.9 billion in Q2, 2021. It returned US$0.8 billion in dividends and repurchasing stocks. AbbVie Inc.’s (NYSE: ABBV) revenue for the quarter was US$13.959 billion. Industr.....
