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Consumer
Two vacation stocks to explore in Christmas
December 25, 2021 07:10 PM AEDT| By Rupam RoyThe travel and tourism stocks have been catching attention despite uncertainties over the coronavirus pandemic. The relative ease in restrictions as compared to the first six months has raised expectations in the travel sector. According to the US.....
Why did Crocs (CROX) stock crash on Thursday?
December 24, 2021 06:45 AM AEDT| By Rupam RoyHighlights Crocs, Inc. (CROX) has entered into a definitive agreement to acquire Heydude about US$2.5 billion. Crocs will pay US$2.05 billion in cash and US$450 million in CROX shares to Heydude founder and CEO Alessandro Rosano, according to t.....
Blackstone Products (BLKS) to go public via SPAC – know details
December 24, 2021 03:38 AM AEDT| By Versha JainHighlights Blackstone Products is going public in a SPAC merger with Ackrell SPAC Partners I Co. (NASDAQ: ACKIU). The company’s pro-forma enterprise value is approximately US$900 million. Blackstone plans to get listed on NASDAQ un.....
Yearender: Consumer stocks that created a buzz in 2021
December 22, 2021 01:41 AM AEDT| By Rupam RoyHighlights Signet Jewelers Limited (NYSE: SIG) expects its total revenue to be between US$2.40 and US$2.48 in Q4, FY22. Shares of Albertsons Companies, Inc. (NYSE: ACI) gained over 80% YTD. The Hershey Company (NYSE: HSY) expects its full fisc.....
Why Allbirds Inc’s (BIRD) stock trending? Footwear firm sees 18% hike
December 16, 2021 02:17 AM AEDT| By Rupam RoyHighlights Allbirds designs and manufactures eco-friendly footwear and apparel. The BIRD stock was up 17.59% from its previous close. Allbirds and Adidas have joined forces. The stocks of Allbirds, Inc. (NASDAQ: BIRD) gained attention fro.....
Terminix Global Holdings: Why is pest control firm’s TMX stock soaring?
December 15, 2021 05:00 AM AEDT| By Rupam RoyHighlights Rentokil has agreed to acquire Terminix. The deal values Terminix around US$6.7 billion. The enlarged firm will trade on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE). The stocks of Terminix Global Hold.....
Top consumer stocks that shined in 2021
December 13, 2021 09:18 AM AEDT| By Versha JainHighlights Lowe's Companies, Inc. (NYSE: LOW) has a P/E ratio of 22.5. Its stock closed at US$258.15 on Dec 9, 2021. The stock gained 61.42% YTD. Houghton Mifflin Harcourt Company (NASDAQ: HMHC) provides an integrated solution to engage learner.....
Will these five travel stocks weather the Covid-19 threat in 2022?
December 09, 2021 07:51 AM AEDT| By Rupam RoyHighlights Marriott International (NASDAQ: MAR) logged revenue of US$3.94 billion in Q3, FY21. American Airlines Group Inc. (NASDAQ: AAL) CEO Doug Parker will retire in March 2022. The revenue of Expedia Group, Inc. (NASDAQ: EXPE) jumped 97% Y.....
Why did Del Taco (TACO) stock skyrocket 65% today?
December 07, 2021 07:34 AM AEDT| By Rupam RoyHighlights Del Taco Restaurants, Inc. (TACO) has entered into a definitive agreement to get acquired by Jack in The Box (JACK) for around US$575 million. Jack Inc would pay US$12.51 in cash for each share of Del Taco. Jack In The Box CEO Darin.....
KC Holdco IPO: KLC stock to debut in NYSE today, what we know so far
November 19, 2021 02:19 AM AEDT| By Versha JainHighlights KC Holdco, LLC. will make its stock market debut on NYSE Thursday under the ticker ‘KLC’. It has set the IPO price range between US$18.00 and US$21.00. The early childhood education (ECE) provider is offering 25.....
Peloton stock (PTON) gets a lift after 23.9 mn share sale offer
November 17, 2021 11:38 AM AEDT| By Sanjeeb BaruahHighlights Peloton said it plans to sell around 23.9 million shares of its Class A common stock for US$46 per share, which will fetch about US$1.07 billion. Tuesday’s price rise was Peloton’s biggest one-day gain since May 2020, sa.....
Looking for REITs? here’re five stocks that gave over 75% YTD return
November 13, 2021 06:12 AM AEDT| By Versha JainDemand for houses, the work-from-home culture, and limited supplies drove the US property prices to record highs in recent months. The median sales price of existing single-family homes rose by 16% YoY in 182 of 183 metro areas surveyed by the Nati.....
Too hot or warming up? Nine consumer stocks with over 100% YTD return
November 10, 2021 08:09 AM AEDT| By Team Kalkine MediaHighlights Consumers’ income and spending expectations for the next 12 months increased in November, a survey of the New York Federal Reserve showed. The expectations rose to their highest level in eight years, Reuters reported. The Dow .....
Gaotu (GOTU) stock on investors’ radar – is it worth exploring?
November 09, 2021 05:01 AM AEDT| By Ipsita SarkarHighlights Several law firms are probing claims on behalf of Gaotu Techedu Inc. (NYSE: GOTU) investors concerning whether Goldman Sachs and Morgan Stanley have committed securities fraud. GOTU's net revenue surged 35.3% YoY in Q2, FY21. The st.....
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Why are Penn National (PENN), Peloton Interactive (PTON) stocks diving?
November 06, 2021 02:45 AM AEDT| By Team Kalkine MediaHighlights Penn National Gaming, Inc. is down after weak results and also possibly because of its engagement with Barstool Sports, whose founder Dave Portnoy is facing sex allegations. Peloton Interactive posted a 6% increase in revenue for.....
Seven HR stocks to explore amid tight labor market
October 30, 2021 07:56 AM AEDT| By Ipsita SarkarHighlights Insperity, Inc. (NYSE: NSP) has a dividend yield of 1.46%. Its stock rose 51.54% YTD. Automatic Data Processing, Inc. (NASDAQ: ADP) has a dividend yield of 1.68%. The stock grew by 27.35% YTD. Equifax, Inc. (NYSE: EFX) stock generat.....
Yum! (YUM) beats profit estimates, Hershey (HSY) raises guidance
October 29, 2021 06:18 AM AEDT| By Sanjeeb BaruahHighlights Yum! Brands’ (NYSE: YUM) system sales grew 8%, excluding foreign currency translation. CEO David Gibbs said the purchase of Dragontail and its AI-powered kitchen orders strengthened Yum! Brands’ digital capabilities and .....
Sony Corp (SONY) posts net income of US$1.94 bn in Q2
October 29, 2021 01:55 AM AEDT| By Sanjeeb BaruahHighlights Sony Corp’s (NYSE: SONY) total revenue was US$21.52 billion in the quarter. The Tokyo-based company has increased its full-year operating revenue outlook by 6% to 1 trillion yen (US$8.81 billion) from its August forecast. CF.....
Travel stocks to watch as the US lifts restrictions
October 28, 2021 10:55 AM AEDT| By Ipsita SarkarThe travel industry is upbeat after President Joe Biden lifted the previous covid restrictions on foreign travelers from nearly three dozen countries, including China and India, effective Nov 8. The travel companies were among the hardest hit in t.....
Boston Beer (SAM) & Chipotle Mexican Grill (CMG) see Q3 revenue gains
October 23, 2021 02:27 AM AEDT| By Team Kalkine MediaHighlights Boston Beer Company, Inc. (SAM) posted net revenue of US$561.6 million for the third quarter of 2021, a 14% increase YoY. The revenue of Chipotle Mexican Grill, Inc. (CMG) was US$2 billion for Q3, 2021 and its total restaurant count .....
