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Stocks
Lowe’s Inc. Revenue Soars 77%, Bolstered By Pandemic-Fuelled Demand
May 20, 2021 04:00 AM AEST| By Team Kalkine MediaSummary The home improvement company recorded revenue of US$2.3 billion in Q1. Sales surged 25.9% to US$24.4 billion, aided by pandemic-fuelled demand. Lowe’s also had repurchased 16.8 million shares and paid US$440 million in dividends .....
Macy’s Raises FY’21 Forecast; Stock Up 68% YTD
May 19, 2021 10:29 AM AEST| 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 19, 2021 09:59 AM AEST| 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 19, 2021 04:34 AM AEST| 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.....
Why Is AMC Entertainment Stock Trending?
May 18, 2021 11:45 AM AEST| By Team Kalkine MediaSummary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428.....
Why Is AMC Entertainment Stock Trending?
May 18, 2021 09:58 AM AEST| By Team Kalkine MediaSummary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428.....
Amazon, ASML, Trade Desk: 3 Tech Stocks On Investors' Radar
May 18, 2021 09:27 AM AEST| By Team Kalkine MediaSummary Amazon's profit tripled in Q1 ended March 31, 2021, from the year-ago period. Dutch firm ASML anticipates 30 percent revenue growth this year. California-based Trade Desk projects its second-quarter revenue to almost double. The N.....
Kraft Heinz: A Rising Warren Buffet Stock
May 18, 2021 08:53 AM AEST| 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. ...
Clover Health & Onconova Therapeutics: Two Rising Healthcare Stocks
May 18, 2021 04:13 AM AEST| By Team Kalkine MediaSummary Clover Health posted record revenue growth of US$200.3 million in Q1 of 2021. The stock of Onconova jumped 13.82% from its previous close to US$0.5987 at 11:50 am ET on May 17, ahead of its quarterly earnings report. Technology-based h.....
AT&T To Combine WarnerMedia With Discovery In US$43B Deal
May 18, 2021 02:55 AM AEST| By Team Kalkine MediaSummary AT&T’s shareholders to hold 71 percent stake in the new company while Discovery shareholders will keep the rest. Discovery President and CEO David Zaslav will head the new global entertainment company. The deal, which got app.....
Plug Power & FuelCell: Two Hydrogen Stocks To Explore
May 16, 2021 04:21 AM AEST| By Team Kalkine MediaSummary Hydrogen energy companies are setting a new benchmark for the industry of late. Plug Power stocks jumped more than 500% in the past 12 months. FuelCell is focused on clean energy technologies; the stock price jumped 123% in one year. .....
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.....
