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JP Morgan (JPM), BlackRock (BLK) post better-than-expected Q3 profits
October 13, 2021 09:16 AM PDT| By Ipsita SarkarHighlights The Morgan Chase & Co’s (NYSE: JPM) net revenue rose 1% YoY in Q3, FY21. The revenue of BlackRock, Inc. (NYSE: BLK) surged 16% YoY in Q3, FY21. BLK’s profit was US$10.89 per diluted share in Q3, FY21, topping analyst.....
Earnings update: Infosys revenue up 20%, Wipro net income jumps 18%
October 13, 2021 08:11 AM PDT| By Ipsita SarkarHighlights Infosys Limited ADR (NYSE: INFY) posted revenue of US$4 billion, a 20.7% increase YoY, and earning per share diluted of US$0.17, reflecting growth of 13% YoY. Wipro Limited (NYSE: WIT) earned gross revenue of US$2.7 billion, a 3.....
Delta Air’s (DAL) net income falls, expects faster recovery in Q4
October 13, 2021 07:48 AM PDT| By Sanjeeb BaruahHighlights In the quarter ended September, its adjusted operating revenue dropped 34% to US$8.28 billion YoY as the Delta variant wreaked havoc for air travel in August and early September. Delta’s net income fell to US$1.21 billion, or U.....
Q3 Earnings Snapshot: Pinnacle’s (PNFP) net income jumps to US$136.5 Mn
October 12, 2021 05:35 PM PDT| By Sanjeeb BaruahHighlights Pinnacle Financial Partners Inc’s (NASDAQ: PNFP) third-quarter net income was US$136.57 million compared to US$110,64 million in the same period of 2020. Its net interest income for the quarter was US$237.5 million versus US$20.....
HubSpot (HUBS) stock steals the show after launching payments platform
October 12, 2021 04:05 PM PDT| By Ipsita SarkarHighlights HubSpot, Inc. (NYSE: HUBS) launched a new end-to-end payment solution, called HubSpot Payments. HubSpot is partnering with Stripe to help power the HubSpot Payments. HUBS was founded in 2006. The stock gained 138% in one year. .....
Nutriband (NTRB), Protara (TARA) stocks gallop on deals, drug approval
October 12, 2021 02:00 PM PDT| By Ipsita SarkarHighlights Nutriband Inc. (NASDAQ: NTRB) stock jumped on securing a lucrative manufacturing deal with San Diego-based Diomics for its Diocheck™ technology. Protara Therapeutics, Inc. (NASDAQ: TARA) climbed 11.41% after receiving FDA clear.....
Top communication stocks to explore under US$120 in October
October 12, 2021 01:22 PM PDT| By Ipsita SarkarHighlights The total operating revenue of Verizon Communications Inc. (NYSE: VZ) surged 10.9% YoY in Q2, FY21. T-Mobile US, Inc’s (NASDAQ: TMUS) total revenue increased by 13% YoY in Q2, FY21. Comcast Corporation (NASDAQ: CMCSA) has anno.....
Airbnb (ABNB) & Wynn (WYNN) stocks eyeing to ride on Halloween bonanza?
October 12, 2021 12:09 PM PDT| By Ipsita SarkarHighlights Investment bank Cowen Inc. gave an "outperform" rating to Airbnb, Inc. (NASDAQ: ABNB). Wynn Resorts, Limited (NASDAQ: WYNN) bags best employer recognition from Las Vegas Review-Journal and Business Press. ABNB stock rose 3.96% in on.....
Green is the new black? WWR, SLI stocks jump on Lithium hopes
October 12, 2021 10:02 AM PDT| By Sanjeeb BaruahHighlights The Westwater Resources, Inc. (AMEX: WWR) is set to construct its Coosa Graphite Project production facility near Kellyton, Alabama. Westwater’s board of directors has approved US$202 million for the construction, expected to .....
Fastenal (FAST), AZZ Inc. (AZZ) stocks pop after strong earnings
October 12, 2021 08:54 AM PDT| By Ipsita SarkarHighlights The net sales of Fastenal Company (NASDAQ: FAST) surged 10% YoY in Q3, FY21. Fastenal’s gross profit rose more than 12% YoY in Q3, FY21. AZZ Inc. (NYSE: AZZ) expects its net sales to be between US$865 million and US$925 millio.....
As Halloween shopping gets underway, here’re five stocks to consider
October 11, 2021 05:17 PM PDT| By Ipsita SarkarHighlights The National Retail Federation (NRF) expects Halloween spending to be around US$10.1 billion this year. The Hershey Company (NYSE: HSY) is expected to report its third-quarter earnings on Oct 28. Walmart Inc. (NYSE: WMT) will .....
CLOV, ADMS stocks up on rating upgrade, purchase deal
October 11, 2021 11:10 AM PDT| By Ipsita SarkarHighlights Stocks of Clover Health Investments, Corp. (NASDAQ: CLOV) and Adamas Pharmaceuticals, Inc. (NASDAQ: ADMS) were gaining traction on Monday. The Centers for Medicare and Medicaid Services (CMS) upgraded the CLOV stock to a 3.5-star rat.....
SoFi (SOFI), Alibaba (BABA) stocks rally on positive news
October 11, 2021 09:57 AM PDT| By Ipsita SarkarHighlights SoFi Technologies, Inc. (SOFI) stock rose after analysts gave an "overweight" rating. SoFi Technologies will release its third-quarter fiscal 2021 results on Nov 10. Alibaba Group Holding Ltd.’s (NYSE: BABA) revenue grew 34% Y.....
Are you an ETF fan? Here’re five rising retail ETFs to explore in Q4
October 08, 2021 06:34 PM PDT| By Sanjeeb BaruahHighlights The SPDR S&P Retail ETF (XRT) gave around 41% return YTD. Its closing price was US$89.63 on Oct 6. The First Trust Nasdaq Retail ETF (FTXD) gave a YTD return of 20.44%, and its dividend yield is 1.03. VanEck Retail ET.....
Geo Group (GEO), Opendoor (OPEN) stocks pop on contracts, purchases
October 08, 2021 06:14 PM PDT| By Team Kalkine MediaHighlights The S&P 500 real estate sector gained 1.41% over the past one month. Geo Group Inc (The) REIT (NYSE: GEO) struck new deals with municipalities. Opendoor Technologies Inc (NASDAQ: OPEN) purchased a record 8,500 properties in .....
Five oil and gas stocks under US$35 with over 370% YTD return
October 08, 2021 01:49 PM PDT| By Ipsita SarkarHighlights The Aemetis, Inc. (NASDAQ: AMTX) stock gained more than 575% YTD. Vertex Energy, Inc. (NASDAQ: VTNR) stock rose around 603% YTD. SM Energy Company’s (NYSE: SM) total revenue was US$563.84 million in Q2, FY21. The oil and .....
General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook
October 08, 2021 12:47 PM PDT| By Ipsita SarkarStocks of General Motors Company (NYSE: GM) and Avis Budget Group, Inc. (NASDAQ: CAR) rose 3% and 8%, respectively, in intraday trading on Friday. The GM stock traded at US$58.16, up 3.05%, while the CAR stock traded at US$136.39, up 7.86%, at aro.....
ChemoCentryx (CCXI), Vaxart (VXRT) stocks rally on upbeat drug news
October 08, 2021 09:18 AM PDT| By Ipsita SarkarHighlights FDA has approved ChemoCentryx's drug Avacopan, to be sold under the brand name Tavneos. A Duke University study showed Vaxart's oral drug is more effective in reducing SARS-CoV-2 transmission. Vaxart, Inc. (NASDAQ: VXRT) stock.....
Is Affirm (AFRM) on course to become the next PayPal?
October 07, 2021 06:52 PM PDT| By Team Kalkine MediaAffirm Holdings (NASDAQ: AFRM) stock has been drawing attention from Wall Street investors following its collaborations with the likes of Amazon, Shopify, and Walmart. Although it has recently unveiled major plans for its foray into the buy-now, p.....
Paltalk (PALT) & Matterport (MTTR): Two trending stocks on Thursday
October 07, 2021 04:32 PM PDT| By Ipsita SarkarHighlights Paltalk, Inc. (PALT) stock gained 593% in a year based on its closing price of US$6.93 on Oct 6. Matterport, Inc. (MTTR) on Thursday said that real estate firm Cushman & Wakefield adopted its technology solution that helped save .....
