It’s been an interesting few days for Redfin - a company that offers real estate brokerage services. Yesterday, the firm released a haunting notice that 13% of its workforce would be laid off amidst a slow housing market. The company has decided to pull the plug on their iBuyer program - RedfinNow, a segment that [...]
The crypto world is in a tumultuous state after yesterday’s news of Binance and FTX signing a deal to merge. This merger will result in Binance taking over FTX’s non-US unit at a time when FTX struggles with liquidity. Crypto as a whole is down - including Bitcoin. But today, we’re here to talk [...]
Late last week, The Hershey Company (HSY), an American multinational, reported not only a 13% sales increase for the third quarter, but also a projected 20 to 22% earnings growth for all of 2022. This is the result of increased demand for its well-known products including M&M’s, Kisses, Almond Joy, Skinny Pop Popcorn, Hershey’s [...]
The world’s largest hydroponic provider (GRWG) got a nice bump today after a 3rd quarter earnings report that featured overperformance in multiple categories. The company - GrowGeneration, commonly referred to as just GrowGen - has 58 different locations across 15 different states. It’s up 38% so far - but what exactly happened to cause [...]
Early this morning news of Wells Fargo downgrading Costco hit the digital world. Investors responded by selling off company shares, resulting in a 2% loss as of 11 am EST. What exactly did Wells Fargo see that resulted in this downgrade, and what should you do next as an investor? We’ll cover all this and [...]
Everyone’s favorite coffee giant - Starbucks (SBUX) - is on track for its greatest single-day percentage increase since February 2020 - right before the pandemic restrictions set in. So far, the stock is up 10% in Friday morning trading. How did we get here? Yesterday after market hours, Starbucks quietly released its fiscal fourth-quarter [...]
NerdWallet reported an impressive third quarter showing growth in revenue, EPS, and other key metrics. As a result, analysts have moved their price targets for the stock up - and investors have gotten on board as well. Hype after this news has sent the stock up 36% so far this morning. And by the [...]
Tuesday morning, Airbnb (ABNB) reported Q3 earnings that exceeded not just analyst expectations - but the company’s best performance to date. It was the biggest and most profitable quarter in company history, and yet, shares are trading down 10% so far today…what’s going on? Before we can look at potential causes for the drop [...]
Early this morning Carvana surged 15% before leveling off and dipping back down a bit. However, this is the first positive price movement the online vehicle retailer has seen in quite some time. The reason for this quick jump? The stock was upgraded from “underweight” to “neutral” by an analyst at JPMorgan. While most [...]
Actinium Pharmaceuticals (ATNM) is one of the biggest movers early Monday morning. The stock is up 39% for the day after the firm released news that their latest trial results were more than optimistic. The company specializes in developing targeted therapies for cancer. Their therapies are known as antibody radiation conjugates - a special [...]
