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Sono, Rivian & Canoo: Which firms are leading the EV market race?
November 17, 2021 03:44 PM PST| By Versha JainHighlights Sono Group N.V. (NASDAQ: SEV) skyrocketed in its stock market debut on Wednesday. Canoo announced plans to relocate its headquarters. Rivian Automotive, Inc. (NASDAQ: RIVN) manufactured 12 R1T vehicles and delivered 11 vehicles as o.....
Seven HOT building material stocks: Are they worth your penny?
November 17, 2021 12:34 PM PST| By Versha JainHighlights Vulcan Materials Company (NYSE: VMC) stock grew 6.7% MTD and 36.8% YTD. Martin Marietta Materials, Inc. (NYSE: MLM) stock rose 7.4% MTD and 48.6% YTD. Martin Marietta has a P/E ratio of 36.22 and a dividend yield of 0.58%. Summit Ma.....
Canoo stock (GOEV) rally continues; Should you explore it?
November 17, 2021 11:38 AM PST| By Versha JainHighlights The cash and equivalents increased to US$414 million for nine months ended September 30, 2021, against US$148 million in the same period a year ago. The stock fell 24.28% YTD but rose 30.30% month-to-date. Canoo Inc. (NASDAQ: G.....
Progenity (PROG) stock continues rally, up 21%: Here’s why
November 17, 2021 08:32 AM PST| By Raza NaqviHighlights Progenity, Inc. (NASDAQ: PROG) will participate in Piper Sandler 33rd Annual Virtual Healthcare Conference The company's revenue surged over 220% in Q3, FY21 PROG stocks were up more than 20% in pre-market trading today The sto.....
Peloton stock (PTON) gets a lift after 23.9 mn share sale offer
November 16, 2021 04:38 PM PST| 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.....
Top e-commerce stocks to explore as consumer confidence rebounds
November 16, 2021 02:18 PM PST| By Ipsita SarkarHighlights Chewy, Inc. (NYSE: CHWY) sales increased over 26% YoY in Q2, FY21. Shopify Inc. (NYSE: SHOP) revenue jumped around 46% YoY in Q3, FY21. Amazon.com, Inc. (NASDAQ: AMZN) sales rose about 15% YoY in Q3, FY21. The Covid-19 pandemic.....
Top seven gold ETFs to consider as inflation rises to record high
November 16, 2021 10:56 AM PST| By Versha JainHighlights Gold is used as a hedging instrument against inflation. There are currently 36 gold ETFs in the US market, with assets worth US$23.59 billion under management, as per etf.com. The Dow Jones US Gold Mining Total Stock Market Index (D.....
Walmart (WMT), Home Depot (HD) beat estimates in third quarter
November 16, 2021 09:57 AM PST| By Versha JainHighlights Walmart Inc.'s (NYSE: WMT) revenue increased 4.3% YoY to US$140.5 billion. It raised the full-year adjusted EPS guidance to around US$6.40. Home Depot, Inc. (NYSE: HD) reported net sales of US$36.8 billion, up 9.8% YoY in Q3, 2021. .....
Lucid (LCID) gains traction after sedan rollout: Is it worth exploring?
November 16, 2021 08:42 AM PST| By Ipsita SarkarHighlights Lucid Group, Inc. (NASDAQ: LCID) revenue was US$232,000 in Q3, FY21. The company sets a vehicle production target of 20,000 units in 2022. Air Sedan bookings rose to more than 17000 from 13000 in Q3, FY21. Lucid Group, Inc. (NA.....
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Macy's Inc Q3 earnings: What to look for
November 15, 2021 04:48 PM PST| By Team Kalkine MediaHighlights Most analysts expect the Ohio-based firm to report EPS growth of US$0.31 in the third quarter. In the quarter ended July 2021, its EPS was US$1.29 against analysts’ expectations of US$0.22. Macy’s net income in the July.....
Q3 Outlook: Walmart (WMT), Target (TGT) to report modest sales growth
November 15, 2021 01:14 PM PST| By Versha JainHighlights Many top retailers are all set to declare their quarterly results this week. Walmart Inc. (NYSE: WMT) will announce its Q3 results on Nov 16 and Target Corporation (NYSE: TGT) will release results on Nov 17. Amid the rising demand f.....
Home Depot (HD) Q3 earnings: EPS growth, sales, stock price outlook
November 15, 2021 11:53 AM PST| By Team Kalkine MediaHighlights Analysts forecast an EPS growth of US$3.4 in the third quarter, up from US$3.18 in the same period a year ago. In the fiscal quarter ended July, its EPS was US$4.53, more than analysts’ forecast of US$4.43. Nearly three dozen.....
7 rising tech stocks under US$49 – should you consider them?
November 15, 2021 10:03 AM PST| By Versha JainHighlights Aehr Test Systems (NASDAQ: AEHR) stock’s trailing three-month price net change is US$19.02, and the YTD return is 879.8%. Alpha and Omega Semiconductor Ltd. (NASDAQ: AOSL) stock’s three-month price net change is US$18.31......
Tyson (TSN), Oatly (OTLY) raise guidance after quarterly results
November 15, 2021 09:59 AM PST| By Versha JainHighlights Tyson Foods, Inc’s (NYSE: TSN) GAAP operating income in fiscal 2021 was US$4,396 million, up 46% YoY, and in Q4, it was up 98% YoY to US$1,909 million. Oatly Group AB (NASDAQ: OTLY) revenue was US$171.1 million in the thir.....
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Why is Creative Realities stock rising? CREX up 87% in pre-market trade
November 15, 2021 08:06 AM PST| By Team Kalkine MediaHighlights Creative Realities, Inc. (CREX) and Reflect Systems have reached a definitive merger agreement The merger deal is expected to close in the first quarter of 2022 CREX will release its third-quarter financial results on Nov 16, before.....
Top semiconductor stocks to explore now as demand booms
November 14, 2021 12:11 AM PST| By Ipsita SarkarHighlights Qualcomm Incorporated (NASDAQ: QCOM) revenue rose 12% YoY in Q4, FY21. NVIDIA Corporation (NASDAQ: NVDA) revenue increased by 68% YoY in Q2, FY22. Intel Corporation (NASDAQ: INTC) GAAP revenue rose 5% YoY in Q3, FY21. The semic.....
Chewy (CHWY), Etsy (ETSY) jump as consumer price hikes take hold
November 12, 2021 05:21 PM PST| By Versha JainHighlights Chewy Inc. (NYSE: CHWY) and Etsy Inc. (NASDAQ: ETSY) stocks rose over 7% on Friday. CHWY stock declined 14.44% YTD, while the ETSY stock grew 52.97% in the same period. Chewy’s net sales jumped 26.8% in the August quar.....
Are these pot stocks set for next big rally?
November 12, 2021 05:18 PM PST| By Ipsita SarkarHighlights The Sundial Growers Inc. (NASDAQ: SNDL) stock grew 30.89% YTD. Sundial’s gross revenue was US$15.52 million in the third quarter of FY21. Tilray, Inc. (NASDAQ: TLRY) revenue was up 43% YoY in Q1, FY22. Stocks of Sundial G.....
Why is Blink Charging stock (BLNK) up today?
November 12, 2021 05:04 PM PST| By Versha JainHighlights Blink Charging Co. (NASDAQ: BLNK) revenue grew 607% YoY to US$6.4 million. It reported a net loss of US$15.3 million or US$0.36 per share diluted in Q3, 2021. The company sold and contracted 3,016 charging stations in the th.....
Why did Altamira Therapeutics (CYTO) stock skyrocket today?
November 12, 2021 12:29 PM PST| By Ipsita SarkarHighlights Altamira Therapeutics Ltd. (NASDAQ: CYTO) announces positive test results for Bentrio nasal spray. The company received FDA approval for Bentrio on Oct 14. Altamira’s operating loss was about US$7.01 million for the six months.....
