Nike stock plunged 12% this morning after another earnings report that missed expectations. While revenue and EPS figures came in strong, the margins slipped up a bit - which has only been exacerbated by inflation. But the real reason analysts and investors alike have growing concern over the trajectory of Nike? Inventory. Their inventory [...]
While Rite Aid had a good run during the pandemic, it appears the stock is headed back towards the bottom - as the company reports another quarter of poor results. The retail drug store chain lost over $300 million in the fiscal 2nd quarter. This resulted in a net loss per share of $6.07, [...]
On Thursday, September 28, LNG had a huge up day with a $10.60 gain (6.95%) after hitting an intraday low of $147.70 on September 26. The high for the year was on September 14 at $178.62. The closing price pierced its 50-day moving average and closed well above it. Over the past year, energy-related [...]
Yesterday, we discussed how Crispr stock enjoyed a short-lived jump ahead of seeking FDA approval for their gene therapy drug. But today, we’re here to talk about a drug company that has experienced a much larger spike as a result of positive news: Biogen. Biogen is engaged in discovering, developing, and delivering therapies for [...]
While many stocks are moving downwards this morning, one stock has made a nice 5% jump since the market opened - and that’s Crispr. The company is engaged in the development of transformative drugs based on gene therapy. And news just released that they are finally on the path to seeking FDA approval for [...]
It was announced early this morning that Amazon is adding another Prime Day sale to their calendar. Prime Day has historically come once a year and has been the most lucrative day for the company - and its sellers. Revenue on Prime Day has even surpassed Black Friday/Cyber Monday sales in the past. This [...]
You’d be hard-pressed to find a stock that’s shown positive growth over the past year - but Eli Lilly is one of them. The pharmaceutical developer & manufacturer has had a great year - up 35% in the last 365 days. Even looking at the bigger picture, this stock has been a high-performer. This [...]
While Lyft stock has been in a perpetual decline for the last year and a half, the company experienced a nice bump in the past month amidst acquisition rumors. There were a few days over the past couple of weeks where the stock experienced over 10% gains. The rumor mill was that GM was [...]
In a world where Amazon seems untouchable, any news of a company stealing their customers is sure to make waves. And that’s exactly what appears to be on the horizon - as Oracle executives claim that there will be shocking brands switching over to their OCI (Oracle Cloud Infrastructure) from Amazon’s AWS. This would be [...]
Tuesday Morning, Susquehanna analyst James Friedman downgraded PayPal stock from “buy” to “neutral”. As you would imagine, this has caused a slight dip in the company’s stock price - but not nearly to the extent of other stocks that have recently been downgraded, such as Adobe. So - if you’re currently invested in PayPal, what [...]
