Foot Locker Falls 27%+ After Abandoning Full-Year Outlook: Is This an Overreaction or is it Time to Sell?
Foot Locker (FL) released company earnings Friday morning, in which the company didn’t just underperform - they expect things to get worse in the road ahead. The previous full-year guidance has been abandoned amidst a challenging economic climate. And as a result, shares are down 27% so far today. Just how bad was it, though? Revenue was down for [...]
Alibaba Falls Short in Earnings & Announces Cloud Business Spinoff: Time to Buy, Sell, or Hold?
Alibaba (BABA) reported earnings for the first time since the company split into six separate units - and the first time since China’s full reopening. While this report was highly anticipated by shareholders and prospective investors alike, it fell short of expectations. The company grew revenue by a modest 2% year over year to 208.2 billion Chinese yuan. But, [...]
RH Stock Rebounds After Being Dumped By Berkshire Hathaway – But We Still See 2 Issues…
Tuesday morning, the market reacted to news that Warren Buffet’s Berkshire Hathaway had offloaded its entire stake in Restoration Hardware (RH). This sent shares down more than 8% - but the road to recovery is well underway. Berkshire Hathaway has been a key shareholder in RH since 2019. This was right around the beginning of the pandemic - which [...]
Despite an 18% Gain, We Still See 2 Issues With C3.ai That Investors Need to Take Heed Of
Yesterday, C3.ai (AI) jumped more than 18% after the predictive analytics company raised its outlook. While the exact results for the quarter will be available toward the end of May, the preliminary figures are promising. Revenue looks to be somewhere between $72.1 million to $72.4 million, beating out the previous guidance the company laid out for the quarter. Moreover, [...]
Columbia Care is Up 20% After Earnings, But We Still See 3 Issues Investors Need to Be Aware Of
Columbia Care Inc. (CCHWF) started the week with a bang, releasing its 1st quarter earnings report and exceeding analyst expectations. As a result, the stock has climbed more than 20%. But as you’ll discover below, there are still 3 major issues investors should be aware of. The cannabis company posted revenue of $124.54 million, which beat out the FactSet [...]
Is Robinhood Poised to Finally Reverse Direction, Or Sink Lower?
By Leslie N. Masonson, MBA Robinhood Markets, Inc., ( HOOD: Nasdaq) based in Menlo Park, California, and incorporated in 2013, is a very popular trading app and former favorite pandemic meme stock that skyrocketed to $85 in August 2021, before cratering to $6.81 on June 16, 2022, a monstrous decline of 92%. Very few companies can come back from [...]
