Coca-Cola (KO) reported solid 4th quarter earnings yesterday along with an updated 2023 outlook that should have investors (or potential investors) excited. The company saw a 7% increase in revenue during the 4th quarter - up to $10.13 billion. This beat analyst estimates of $10 billion. This was largely driven by an increase in [...]
PepsiCo, Inc. reported its fourth quarter and full-year earnings on Thursday, causing shares to increase over 1% to $176.20 a share because of stronger-than-expected performance. Although investors seem pleased with the higher prices of PepsiCo's snacks and beverages, this might not be a sign of good times to come. Despite the impressive top-line results, [...]
In its February 3 earnings release, ArcBest announced its full-year 2022 revenue totaled a record $5.3 billion compared to $4.0 billion in 2021. That caused the stock to have a wild ride where it traded between an intra-day low of $78.37 to a high of $89.69, before closing that day at $86.70. Over the [...]
Friday’s trading session saw Lyft stock fall off a cliff after the ride-share company released its fiscal fourth-quarter earnings report for 2022. Shares dropped nearly 40% not necessarily because the company underperformed in the 4th quarter - but because they expect issues to persist into 2023. Lyft reported earnings per share of $0.29, [...]
Automakers have struggled for a few years now to meet demand as semiconductor chip shortages have ravaged the industry. This has been a result of the COVID-19 pandemic shutting down factories and putting production on pause. But for General Motors, this issue looks to be one of the past. Yesterday, the automaker announced the [...]
It’s early - but one stock that’s performing exceptionally well in 2023 so far is Lucid Group. The electric vehicle manufacturer is matching rival Tesla, which is doing very well in its own regard - also up 86% year-to-date - and shows no signs of slowing down. The reason for this rally is [...]
In the latest AI news, Google has introduced its take on ChatGPT, known as Bard. The parent company, Alphabet, experienced an 8% drop in the stock price as a result of this news - but why? Shouldn’t an exciting new feature like this cause a lift in share prices if anything? The issue is, [...]
Yesterday, T-Mobile stock (TMUS) closed at nearly a 5% loss, marking the third consecutive day of losses. This all came after T-Mobile delivered a mixed earnings report last week where some segments performed well and others suffered. While earnings exceeded expectations from Wall Street, sales figures were a dramatic underperformance. Moreover, the company expects [...]
Catalent (CTLT) is all over the headlines this Monday morning as rumors surge of an acquisition. The buyer in question is Danaher (DHR), a company that designs and manufactures diagnostic tools for health, food, and water services. This play is said to be Danaher’s way of competing with Thermo Fisher Scientific. This marriage makes [...]
Fabrinet’s stock price has been on a roll since its low last October. With a good earnings track record over the past five years, now may be the time to consider a position based on the latest earnings report and your analysis of all the key factors which VectorVest can provide with a few [...]
