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Stock market
Twitterati say ‘yes’ to Elon Musk’s 10% stake sale in Tesla
November 08, 2021 07:03 PM AEDT| By AayushElon Musk, the world’s richest person and Tesla CEO, conducted a Twitter poll on Saturday to ask fellow Twitterati whether he should have sold some of his holdings in Tesla to pay taxes. He tweeted, “Much is made lately of unrealized ga.....
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Airbnb (ABNB) Q3 income up 280%, Square (SQ) misses estimates
November 05, 2021 10:59 PM AEDT| By Team Kalkine MediaHighlights Bitcoin revenue of Square, Inc. (NYSE: SQ) surged 11% YoY in Q3, FY21 The revenue of Airbnb, Inc. (NASDAQ: ABNB) increased by 67% YoY in Q3, FY21 ABNB's net income was up 280% YoY in Q3, FY21 The stocks of Square, Inc. (NYSE: S.....
Why are these stocks catching investors’ attention?
November 05, 2021 04:58 AM AEDT| By Ipsita SarkarThese five stocks have been gaining traction in recent weeks. Here we look at their recent quarterly results and how the stocks have performed this year. Beckton, Dickinson, and Company (NYSE: BDX) Beckton, Dickinson, and Company is a medical tec.....
Stocks to watch after market opens today
November 05, 2021 04:13 AM AEDT| By Ipsita SarkarHighlights The Moderna, Inc. (NASDAQ: MRNA) stock jumped over 212% YTD. Square, Inc. (NYSE: SQ) reported a revenue of US$4.68 billion in Q2, FY21. Beckton, Dickinson, and Company (NYSE: BDX) revenue rose over 26% YoY in Q3, FY21. The stro.....
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Booking Holding (BKNG) & Roku (ROKU) revenues soar in Q3 2021
November 04, 2021 11:38 PM AEDT| By Team Kalkine MediaHighlights The revenue of Booking Holdings Inc. (NASDAQ: BKNG) surged 77% YoY in Q3, FY21 The net revenue of Roku, Inc. (NASDAQ: ROKU) soared 51% YoY in Q3, FY21 Roku expects its fourth-quarter revenue to be between US$885 million and US$900 .....
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Marriott (MAR), Exelon (EXC) profits rise sharply in third quarter
November 04, 2021 04:30 AM AEDT| By Ipsita SarkarHighlights Marriott International (NASDAQ: MAR) revenue rose 75% YoY in Q3, FY21. Marriott’s adjusted diluted EPS jumped 662% YoY in Q3, FY21. Exelon Corporation (NASDAQ: EXC) narrowed its adjusted EPS guidance to between US$2.70 and US$.....
11 hot stocks to watch this week
November 02, 2021 06:34 AM AEDT| By Versha JainHighlights Energy companies are likely to be in focus this week as they present their quarterly results in the backdrop of rising fuel prices and limited supplies. Earnings of travel and ride-hailing companies would also be in focus as investor.....
Pacific Gas (PCG) posts Q3 losses; ON Corp’s (ON) profit jumps 93%
November 02, 2021 04:31 AM AEDT| By Versha JainHighlights Pacific Gas & Electric Co. (NYSE: PCG) posted revenue of US$5.47 billion, up 12% YoY, in the third quarter of 2021. ON Semiconductor Corp’s (NASDAQ: ON) net income grew 93% YoY to US$309.7 million. PCG stock fell 8.5% YTD,.....
Seven stocks to explore amid treasury bond yield fears
October 31, 2021 06:48 PM AEDT| By Ipsita SarkarHighlights The rising US Treasury bond yield has spelled trouble for some stock segments. After touching over 1.6%, the 10-year yield retreated to below 1.55% this week. When inflation rises, bond prices fall, and the yield goes up. The U.....
L3Harris (LHX) raises EPS guidance, Aon plc (AON) revenue up in Q3
October 30, 2021 04:02 AM AEDT| By Ipsita SarkarHighlights L3Harris Technologies, Inc’s (NYSE: LHX) revenue fell 5% YoY in Q3, FY21. L3Harris expects its revenue to be US$17.9 billion in fiscal 2021. Aon plc’s (NYSE: AON) total revenue increased by 13% YoY in Q3, FY21. Stoc.....
Linde (LIN) lifts guidance, Comcast (CMCSA) beats profit expectations
October 29, 2021 07:55 AM AEDT| By Ipsita SarkarHighlights Linde plc’s (NYSE: LIN) total surged 12% YoY in Q3, FY21. Linde expects its diluted EPS to be between US$10.52 and US$10.62 in FY 2021. Comcast Corporation’s (NASDAQ: CMCSA) revenue rose over 18% YoY in Q3, FY21. Li.....
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Mastercard (MA) revenue jumps 30%, STMicro (STM) profits nearly double
October 29, 2021 03:04 AM AEDT| By Sanjeeb BaruahHighlights Mastercard Incorporated (NYSE: MA) revenue soared 30% to US$5.0 billion in Q3. STMicroelectronics N.V. (NYSE: STM) net income nearly doubled to US$474 million. Both are dividend-paying companies and have a presence globally. .....
Fiserv (FISV) profits soar, Spotify (SPOT) subscriptions, ad sales grow
October 28, 2021 06:20 AM AEDT| By Ipsita SarkarHighlights Fiserv, Inc. (NASDAQ: FISV) posted 10% revenue growth YoY and 62% growth in net income YoY in the third quarter of 2021. FISV entered into a definitive merger agreement this month to acquire BentoBox. The transaction may complete by.....
Why is retail theft on the rise and how can retailers safeguard themselves?
October 27, 2021 08:18 PM AEDT| By AayushShoplifting, clerical errors, employee theft, etc., are some of the major issues that are becoming increasingly challenging for retailers. Most of the shoplifters when caught red-handed rationalise their actions by stating the products are quite pr.....
Visa (V) beats profit estimate; Robinhood (HOOD) monthly users jump 76%
October 27, 2021 12:14 PM AEDT| By Sanjeeb BaruahHighlights Visa Inc’s (NYSE: V) net income increased to US$1.65 per share in the fourth quarter of FY2021, above analysts' estimate of US$1.54 a share, according to Refinitiv data. Visa’s total payment volumes rose 17% from the year.....
Top companies to watch for quarterly earnings this week
October 26, 2021 07:24 AM AEDT| By Ipsita SarkarHighlights Facebook, Inc. (NASDAQ: FB) will release its Q3 earnings on October 25 after the closing bell. Microsoft Corporation (NASDAQ: MSFT) will report its Q1, FY22 financial results on October 26 after the market close. Amazon.com, Inc. (N.....
Kimberly-Clark revenue up 7%, OTIS raises 2021 outlook
October 26, 2021 03:46 AM AEDT| By Ipsita SarkarHighlights Kimberly-Clark Corporation’s (NYSE: KMB) net sales rose 7% YoY to US$5.0 billion. Otis Worldwide Corp’s (NYSE: OTIS) net sales were US$3.6 billion, up 10.8% YoY. KMB lowers its annual revenue outlook, while OTIS r.....
Community Bank’s (CBU) Q3 profits up; Lennox (LII) narrows guidance
October 26, 2021 02:30 AM AEDT| By Ipsita SarkarHighlights The Community Bank System, Inc’s (NYSE: CBU) total revenue rose by 2.8% YoY in Q3, FY21. The operating income of Lennox International Inc. (NYSE: LII) was US$162.7 million in Q3, FY21. Lennox expects its revenue growth to be b.....
Six investment myths one should stop assuming about
October 25, 2021 05:50 PM AEDT| By Team Kalkine MediaStock market investment isn’t a loss-making proposition. However, most people get worried because of a lack of knowledge or unsure if it makes for a good investment. Knowledge obtained from people who aren’t subject experts adds to the.....
7 hot S&P 500 companies that gave over 30% return in 3 months
October 25, 2021 05:48 PM AEDT| By Team Kalkine MediaThe market has traded choppy over the past few weeks as concerns over inflation, labor shortage, and supply chain disruptions weighed on investors' minds. In addition, the uncertainty over Fed's tapering timeline kept traders away from risky bets. .....
