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TAL & EDU: Two Hot Education Stocks In Market
May 27, 2021 02:29 AM AEST| 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 26, 2021 10:23 AM AEST| 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 25, 2021 02:49 PM AEST| 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 25, 2021 11:46 AM AEST| 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 21, 2021 05:52 AM AEST| 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 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.....
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. ...
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% .....
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.....
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Upbeat Forecast Boosts Under Armour, Caesars Shares; Peloton Dips After Treadmill Recall
May 06, 2021 06:56 AM AEST| 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 06, 2021 04:18 AM AEST| 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
May 01, 2021 02:07 PM AEST| 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 .....
P&G to Hike Prices Over Rising Commodity Cost; Posts Robust Q3’21 Results
April 21, 2021 11:27 AM AEST| 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 21, 2021 07:53 AM AEST| 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 10:24 PM AEST| 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...
Amazon Wins Key Vote Against Drive For Alabama Warehouse Union
April 10, 2021 06:32 AM AEST| By Team Kalkine MediaSource:Tada Images, Shutterstock Summary Of the total votes, 1,798 were against unionizing while 738 were in favor. This verdict successfully thwarts an attempt to unionize warehouse workers in America. However, the retail, wholesale, and depa...
Taking Cue From Uber, Lyft, Grab Eyes US Listing Via SPAC Deal
April 09, 2021 08:52 AM AEST| By Team Kalkine MediaSource:ANDRANIK HAKOBYAN, Shutterstock Summary Singaporean ride-hailing company to announce a SPAC merger for US listing. The deal could value Grab at US$35 billion. Lyft and Uber saw their stocks recover in 2020 despite reporting losses....
Prosus To Reduce Stake In Tencent To 28.9%
April 09, 2021 03:59 AM AEST| By Team Kalkine MediaSource:Pla2na, Shutterstock Summary Prosus plans to cut its stake in Tencent to 28.9 percent from 30.9 percent by selling 191.9 million shares. South Africa-based Nasper, which owns Prosus, is the largest shareholder in Tencent. Tencent&rsquo...
