Online pet product retailer Chewy Inc. (CHWY) skyrocketed 30% last week after reporting an impressive first-quarter performance on both the top and bottom lines. The company’s sales were up 3% to $2.88 billion, driven in part by growth in auto-ship orders of 6%. Meanwhile, improvements in net sales per active customer of 10% suggest [...]
Monday: Mixed Start The week started quietly as investors anticipated key economic data due later in the week. Market activity was relatively subdued with minor movements in the major indices. The anticipation set the tone for a cautious trading environment. Tuesday: Rising Treasury Yields Weigh on Market With key economic data due out at [...]
Gap Inc. (GPS) delivered an impressive Q1 performance, beating the analyst consensus on both the top and bottom lines. The stock has climbed 26% so far in Friday’s trading session in response. Sales grew 3% to $3.4 billion in the first quarter, driven in part by stronger sales in the Old Navy brand. Analysts [...]
Salesforce.com (CRM) is at risk of taking on its biggest single-day loss since August of 2008 today. The company’s Q1 earnings sent shares down more than 20% Thursday morning as the software industry continues to get battered and bruised. Fiscal first-quarter revenue came in at $9.13 billion, which was slightly below the FactSet consensus [...]
The world of investing and trading can often seem like a labyrinth of data and jargon. However, one crucial piece of information that can significantly impact your investment decisions is the Personal Consumption Expenditures (PCE) data. With the upcoming PCE release this week, it’s essential to understand what this data is, how it differs [...]
Late yesterday afternoon American Airlines Group Inc. (AAL) updated its profit outlook for the current quarter, sending shares plummeting. The stock is down 19% in the past week now, and it may be time to sell if you’re holding AAL. The real concern here is that this is supposed to be the airliner’s best [...]
Hess Corporation (HES), one of the world’s leading energy companies, could be merging with Chevron for $53 billion if all goes well in the shareholder meeting. It would represent one of the largest oil mergers in history. The stock is down more than 6% in the past month as the company’s internal turmoil has [...]
Intuit (INTU) posted third-quarter results yesterday in which the company narrowly beat the analyst estimate on both the top and bottom lines. The company even raised its full-year guidance. But, the stock is down 8% as a result. Intuit is primarily known for its array of tax assistance products - Credit Karma as a [...]
Live Nation Entertainment (LYV) has been earning its fair share of negative press over the past few years. Just last month we wrote about the Department of Justice (DOJ) potentially bringing forth an antitrust lawsuit against the company. A new report has come out that says this move is imminent and could lead to [...]
Target (TGT) reported first-quarter results Wednesday that left much to be desired, sending shares tumbling lower. The company noted it is seeing a pullback in consumer spending. Revenue came in at $24.53 billion compared to $24.52 billion expected, narrowly avoiding a missing on the top line. However, the retailer did miss the bottom line [...]
