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WeWork’s Loses Swells To US$2.1billion Ahead of Public Listing
May 21, 2021 12:12 PM AEST| By Team Kalkine MediaSummary WeWork’s total occupancy plummeted 50% in Q1 compared to 47% in the fourth quarter. Its first-quarter revenue of US$598 million was nearly half the proceeds in the year-ago period. WeWork’s clients declined by 41% to 490,00.....
Kohl’s Stock Plunges Despite Improved Forecast
May 21, 2021 09:58 AM AEST| By Team Kalkine MediaSummary Kohl’s revenue soared 60.1 percent year-over-year in the first quarter. The retailer posted income of US$14 million, or 9 cents per share. Kohl’s stock surged 47 percent YTD. Kohl’s Corporation (NYSE:KSS) stock p.....
Lightspeed Stock Soars On Upbeat Revenue Outlook
May 21, 2021 09:40 AM AEST| By Kiran MuraliSummary Lightspeed forecasts revenue in the range of US$430 to US$450 million for the fiscal year 2022. In fiscal 2021, revenue soared 84 percent year over year. The Canadian company’s stock is up 107 percent since the NYSE listing. .....
Virgin Galactic Stock Rallies On Spaceflight Launch Update
May 21, 2021 09:07 AM AEST| By Team Kalkine MediaSummary The space tourism company to conduct a spaceflight test this Saturday. Virgin Galactic first attempted the spaceflight test in December 2020. The company’s stock is down 18.7 percent year to date. Virgin Galactic Holdings, I.....
Oatly Stock Up 22.97% In Market Debut, Raises US$1.4 billion
May 21, 2021 05:52 AM AEST| By Team Kalkine MediaSummary Oatly stock (NASDAQ: OTLY) soared 22.97% to US$20.9 at 2:48 pm ET on Thursday, May 20. Oatly raised US$1.4 billion from 84.4 million American depositary shares at an offering price of US$17 apiece on Wednesday, bringing its valuation to.....
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Why Iovance (NASDAQ: IOVA) Stock Surged Today?
May 21, 2021 05:44 AM AEST| By Team Kalkine MediaSummary The stock boost comes after Iovance revealed that its new cancer drug showed positive results. Iovance can apply for a biologics license, which may happen in 2022, after FDA approval. The company develops treatment for patients with tu.....
Agenus Stock Up On US$1.56 Bn Licensing Deal
May 20, 2021 12:32 PM AEST| By Team Kalkine MediaThe 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.....
Three Growth Stocks Flying In The Face Of Lockdown
May 20, 2021 12:05 PM AEST| By Team Kalkine MediaSummary 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. .....
Three Utility Stocks To Explore As Economy Reopens
May 20, 2021 10:05 AM AEST| By Team Kalkine MediaSummary 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.....
Why CVS Health (NYSE: CVS) Is On Investors’ Radar This Week?
May 20, 2021 04:46 AM AEST| By Team Kalkine MediaSummary 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.....
Target’s Stock Up 4% On Strong Q1 Earnings
May 20, 2021 04:17 AM AEST| By Kiran MuraliThe 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.....
Lowe’s Inc. Revenue Soars 77%, Bolstered By Pandemic-Fuelled Demand
May 20, 2021 04:00 AM AEST| By Team Kalkine MediaSummary 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 .....
Macy’s Raises FY’21 Forecast; Stock Up 68% YTD
May 19, 2021 10:29 AM AEST| By Team Kalkine MediaSummary 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.....
Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1
May 19, 2021 09:59 AM AEST| By Team Kalkine MediaThe 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.....
Walmart’s Revenue Up 2.7% On Pent-Up Demand, E-Commerce Boost
May 19, 2021 04:34 AM AEST| By Team Kalkine MediaSummary 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.....
Why Is AMC Entertainment Stock Trending?
May 18, 2021 11:45 AM AEST| By Team Kalkine MediaSummary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428.....
Why Is AMC Entertainment Stock Trending?
May 18, 2021 09:58 AM AEST| By Team Kalkine MediaSummary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428.....
Amazon, ASML, Trade Desk: 3 Tech Stocks On Investors' Radar
May 18, 2021 09:27 AM AEST| By Team Kalkine MediaSummary Amazon's profit tripled in Q1 ended March 31, 2021, from the year-ago period. Dutch firm ASML anticipates 30 percent revenue growth this year. California-based Trade Desk projects its second-quarter revenue to almost double. The N.....
Kraft Heinz: A Rising Warren Buffet Stock
May 18, 2021 08:53 AM AEST| By Kiran MuraliSummary The stock outperformed its competitors like Mondelēz International, Inc. (NASDAQ: MDLZ), and PepsiCo, Inc. (NASDAQ: PEP) this year. Kraft Heinz’s largest shareholder Berkshire Hathaway seems confident in its CEO and management. ...
Clover Health & Onconova Therapeutics: Two Rising Healthcare Stocks
May 18, 2021 04:13 AM AEST| By Team Kalkine MediaSummary Clover Health posted record revenue growth of US$200.3 million in Q1 of 2021. The stock of Onconova jumped 13.82% from its previous close to US$0.5987 at 11:50 am ET on May 17, ahead of its quarterly earnings report. Technology-based h.....
