Trending Topics

What's next after Elon Musk's U-turn on Twitter deal?

 What's next after Elon Musk's U-turn on Twitter deal?

Musk tried to dismiss the deal by citing the reason for Twitter's lack of transparency. He alleged that the micro-blogging website is not revealing information and sharing details about the number of spam bots.

Read More...
Agenus Stock Up On US$1.56 Bn Licensing Deal

Agenus Stock Up On US$1.56 Bn Licensing Deal

The stock of Agenus Inc (NYSE: AGEN) was up 5% at the market close on Wednesday, a day after it sealed a US$1.36 billion licensing deal with Bristol Myers Squibb (NYSE:BMY). Agenus, a biotechnology pharmaceuticals company, will receive U...

Read More...
Three Growth Stocks Flying In The Face Of Lockdown

Three Growth Stocks Flying In The Face Of Lockdown

Summary The stock of e-commerce platform Shopify has grown 950% in the last three years. Payment app Square Inc.’s profits surged 79% in Q1 of 2021. The revenues of Copper Companies Inc. were up 5% to US$680.5 million in Q1 of 2021. ...

Read More...
Three Utility Stocks To Explore As Economy Reopens

Three Utility Stocks To Explore As Economy Reopens

Summary The stock of Exelon Corp grew 23.48% in the last one year. PPL Corp has invested over US$3 billion in infrastructure in 2020. Pinnacle’s consolidated net income was US$35.6 million in the quarter ended March 2021. Utility co...

Read More...
Why CVS Health (NYSE: CVS) Is On Investors’ Radar This Week?

Why CVS Health (NYSE: CVS) Is On Investors’ Radar This Week?

Summary The stock of CVS Health hit a 52-week high of US$89.64 on Tuesday. Shawn Guertin to replace Eva Boratto to become the company’s new finance chief. CVS Health also reaffirmed its recently upgraded outlook for full-year 2021 earnin...

Read More...
Target’s Stock Up 4% On Strong Q1 Earnings

Target’s Stock Up 4% On Strong Q1 Earnings

The stock of Target Corporation (NYSE: TGT) rose over 4 percent on Wednesday morning, May 19, after the retailer posted a 639 percent year-over-year growth in its fiscal first-quarter earnings. The Minneapolis-based general merchandise retailer re...

Read More...
Lowe’s Inc. Revenue Soars 77%, Bolstered By Pandemic-Fuelled Demand

Lowe’s Inc. Revenue Soars 77%, Bolstered By Pandemic-Fuelled Demand

Summary 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 ...

Read More...
Macy’s Raises FY’21 Forecast; Stock Up 68% YTD

Macy’s Raises FY’21 Forecast; Stock Up 68% YTD

Summary 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...

Read More...
Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1

Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1

The 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...

Read More...
Walmart’s Revenue Up 2.7% On Pent-Up Demand, E-Commerce Boost

Walmart’s Revenue Up 2.7% On Pent-Up Demand, E-Commerce Boost

Summary 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...

Read More...
Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH

Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH

  • May 17, 2021 10:37 PM PDT | Sonal

With the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...

Read More...