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Philip Morris (PM) misses Q2 estimates, cuts full-year outlook
July 20, 2021 11:19 AM PDT| By Kiran MuraliSummary The New York-based cigarette maker’s stock declined 3 percent on Tuesday morning. Philip Morris’s second quarter reported diluted EPS rose 11.2% but was below its expectation. Full-year reported diluted EPS is now projected.....
IBM stock jumps after hours on Q2 topline growth
July 19, 2021 03:14 PM PDT| By Kiran MuraliSummary IBM’s shares popped more than 3 percent on Monday’s aftermarket trading. The technology giant posted 3% year-over-year growth in second-quarter revenue. Cloud revenue increased 13% to US$7 billion during the three months. .....
Five9 (FIVN) stock pops on Zoom’s (ZM) $14.7B takeover deal
July 19, 2021 12:22 PM PDT| By Kiran MuraliSummary The cloud contact center solutions provider’s stock rose up to 6.5% on Monday. Zoom has agreed to buy Five9 in an all-stock deal valued at US$14.7 billion. The acquisition could be completed in the first half of next calendar yea.....
Airline stocks tumble amid concerns over rebounding COVID cases
July 19, 2021 11:52 AM PDT| By Kiran MuraliSummary Stocks of Boeing, Delta Air Lines, American Airlines, United Airlines and Southwest Airlines fell on Monday morning. The CDC said seven day average of daily new COVID cases jumped almost 70 percent last week. Investors are concerned th.....
Top ten growth stocks in the USA
July 17, 2021 12:35 PM PDT| By Team Kalkine MediaSummary com Inc (NYSE: CRM) reported revenue of US$5.9 billion in Q1, 2021. NetEase, Inc. (Nasdaq: NTES) has a P/E ratio of 39.36 and forward P/E 1 year of 31.60. Twitter Inc (Nasdaq: TWTR) reported revenue of US$1.04 billion in Q1, 2021, up 2.....
Top blue-chip stocks to explore in the US market
July 16, 2021 01:16 PM PDT| By Kiran MuraliSummary Blue-chip stocks have a large market capitalization and are fundamentally strong. Microsoft’s stock returned around 26 percent year to date. JP Morgan’s earned US$11.95 billion in its Q2, more than double what it had in net.....
How do you find hyper-growth blue-chip stocks?
July 15, 2021 03:12 PM PDT| By Team Kalkine MediaSummary Companies whose earnings are higher than the average market growth are hyper-growth blue-chip stocks. Procter & Gamble Company (NYSE: PG) has earnings per share of US$5.43 and an annual dividend of US$3.479. Caterpillar, Inc (NYSE:.....
Top SaaS stocks on Wall Street
July 15, 2021 01:41 PM PDT| By Team Kalkine MediaSummary Adobe (ADBE)stock gave a 21.01% return YTD. Its closing price on July 14 was US$608.83. com Ltd. (WIX) stock closed at US$281.23 on July 14, 2021. It gave a 10.27% return YTD. Shopify Inc. (SHOP)stock closed at US$1463.00 on July 14, a.....
Top three 5G stocks to explore
July 15, 2021 01:22 PM PDT| By Team Kalkine MediaSummary Nokia Corporation (NYSE: NOK) revised its guidance upward for an entire year on July 29. QUALCOMM (NASDAQ: QCOM)declared a quarterly dividend of US$0.68 per share. Verizon Communications (NYSE: VZ)announced the expansion of its 5G busi.....
Why are these food delivery stocks on investors’ radar?
July 15, 2021 11:54 AM PDT| By Team Kalkine MediaSummary DoorDash Inc (NYSE: DASH) reported total revenue of US$1 billion in Q1, 2021. Uber Eats of Uber Technologies, Inc. (NYSE: UBER) reported a 230% sales growth in Q1. Just Eat Takeaway.com (Nasdaq: GRUB) reported total revenue of US$2 bil.....
Johnson and Johnson stock (NYSE: JNJ): is it heading for a split?
July 15, 2021 11:51 AM PDT| By Team Kalkine MediaSummary Johnson and Johnson offered stock split five times in the past. The company reported sales of US$22.3 billion in Q1, 2021, up 1.9 percent YoY. A stock split is when companies divide the existing shares into multiple stocks to boost liq.....
Wells Fargo (WFC) stock gains, BlackRock (BLK) declines after Q2 earnings
July 14, 2021 02:40 PM PDT| By Kiran MuraliSummary Wells Fargo posted US$6 billion profit as it released US$1.6 billion credit reserves. BlackRock’s assets under management soared to a record US$9.456 trillion in the second quarter. Wells Fargo stock returned 51% year to date, Bl.....
Compass Minerals stock jumps 12% after Lithium deposit discovery
July 14, 2021 01:00 PM PDT| By Sanjeeb BaruahSummary Compass Minerals (NYSE: CMP) stock climbed 12% in intraday trade on July 14. The company’s revenue grew 24% YoY but incurred losses in the March quarter. On July 13, CMP announced to have found 2.4 million metric tons of lithium .....
Why Oatly Group (OTLY) stock hit all-time low on Wednesday?
July 14, 2021 12:57 PM PDT| By Kiran MuraliSummary The plant-based Swedish food company saw its stock decline to an all-time of US$19.62. Short seller Spruce Point questioned Oatly’s accounting and sustainability practices. Oatly’s stock traded in the range of US$19.62 to U.....
Top dividend paying financial stocks to consider
July 14, 2021 12:25 PM PDT| By Sanjeeb BaruahSummary Prospect Capital (NASDAQ: PSEC) has a dividend yield of 8.58% First Horizon’s (NYSE: FHN) current dividend yield is 3.55%, an increase of about 89% in one year. Valley Bancorp’s (NASDAQ: VLY) dividend yield is 3.3%, consoli.....
Seven hot retail stocks to explore
July 14, 2021 11:53 AM PDT| By Team Kalkine MediaSummary Dollar General Corporation (NYSE: DG) reported net sales of US$8.4 billion in Q1, 2021. Big Lots, Inc. (NYSE: BIG) reported a net income of US$94.6 million or US$2.62 per diluted share in Q1, 2021. Ross Stores, Inc (Nasdaq: ROST) paid .....
Delta Air Lines (NYSE: DAL) swings to profit in second quarter
July 14, 2021 09:54 AM PDT| By Kiran MuraliDelta Air Lines (NYSE: DAL) on July 14 posted a net income in its second quarter after reporting a loss in the last five consecutive quarters. The company had been reporting loss since the first quarter of 2020 as the coronavirus pandemic impacted.....
Citigroup (C), Bank of America (BAC) post strong Q2 profit growth
July 14, 2021 08:08 AM PDT| By Kiran MuraliCitigroup Inc. (NYSE: C) and Bank of America (NYSE: BAC) posted significant growth in their second-quarter profit on July 14. The American banks saw their earnings multiply despite the decline in revenue. Following the improving economic outlook, .....
Mastercard (NYSE: MA) rides high on Verizon partnership, stock up 2%
July 13, 2021 05:19 PM PDT| By Sanjeeb BaruahSummary Mastercard stock (NYSE: MA) was up 2.17% on Tuesday after Verizon pact. Mastercard and Verizon to provide “transformative” solutions in payment processing. In Q1 of 2021, its revenue was up 3.6% YoY to US$4.16 billion. Its .....
Why Boeing Company stock (NYSE: BA) fell over 4% Tuesday?
July 13, 2021 04:27 PM PDT| By Team Kalkine MediaSummary The company plans to cut production of Boeing 787 Dreamliners to fix defects. The stock prices fell by 4.23 percent at the market close on July 13. The company to announce its second-quarter earnings on July 28. The Boeing Compan.....
