Lowes (LOW) reported second-quarter earnings in Tuesday morning’s trading session. So far, the news has sent shares more than 4% higher as the company may be suffering from a setback in sales but remains optimistic and upheld its full-year outlook. Revenue for the fiscal second quarter came in at $24.96 billion, which was just [...]
Carvana (CVNA) just fueled up and is on the road to better days ahead. After falling below $4/share earlier in January of this year, the stock is back up to where it once sat at $53/share. We’ve witnessed an impressive 141% turnaround in the last year, and nearly 35% of that came just this [...]
Rivian (RIVN) was once the company behind one of the stock market’s largest IPOs in history. Since debuting at nearly $130/share, it’s fallen from grace to as low as $12/share. But today, RIVN stock is climbing on speculation that it’s all finally coming together for the electric automaker. Last week, the company saw a [...]
During Thursday’s extended trading session, Levi Strauss (LEVI) dropped their earnings report for the second quarter. And, while results did narrowly surpass the analyst estimates, they were weak. Shares of the stock are down more than 7% so far on Friday. The company reported revenue that fell right in line with what experts were [...]
by Leslie N. Masonson, MBA Decker Outdoors Corporation (DECK:NYSE) is based in Goleta, CA, and was founded in 1973. The firm employs 4,200 individuals. DECK is heavily involved in the global design, marketing and distribution of footwear, as well as causal accessories. Its popular premium footwear including the UGG and Hoka brands have contributed [...]
Shares of Airbnb (ABNB) had been climbing steadily over the past month - up nearly 15%. That is, until a viral tweet stirred fear over a dramatic drop in Airbnb revenue. Today, the stock is down nearly 3%. What happened? On Tuesday evening, Reventure Consulting CEO Nick Geril pointed out a steep drop-off in [...]
According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, [...]
This morning Alibaba (BABA) announced that they are playing musical chairs with the leadership group, as existing members within the company are swapping roles. All of this comes as the company works towards its restructuring goal of splitting the businesses into 6 distinct groups. Long-standing CEO and chairman Daniel Zhang is going to transition [...]
Carvana (CVNA) is revving up its engines, ready to leave the competition - and all the recent short sellers - in the dust. The virtual car dealer has painted a bullish outlook for the second quarter of 2023 that has investors in a frenzy, driving share prices more than 60% higher yesterday. But what [...]
by Leslie N. Masonson, MBA Modine Manufacturing Company (MOD:NYSE), an old-line diversified global leader in heat-transfer systems and components company incorporated in Racine, Wisconsin in 1916, may be on the brink of finally breaking out to a new all-time high. On November 18, 1998, almost twenty-five years ago, it closed at $36.63 before enduring [...]
