Lululemon (LULU) decided to end the week with a bang as it reported fiscal first-quarter earnings Thursday evening, resulting in a trading frenzy Friday morning. The athleticwear company beat analyst estimates for both earnings and sales figures. EPS of $2.28 topped the expected $1.98, while revenue of $2 billion outperformed the estimated $1.93 billion [...]
This morning, Advanced Auto Parts (AAP) released first-quarter earnings that came in way under expectations. Along with a dismal earnings report, the company weakened its outlook and slashed its quarterly dividend. Safe to say things are tumultuous right now for the North Carolina-based company. While analysts were expecting an EPS of $2.57/share, the company [...]
The theme for the past year or so has been that Elon Musks’ focus on Twitter has resulted in the downfall of Tesla (TSLA). But, a recent trip to China to visit Tesla production plants has investors excited that the eccentric CEO is refocused on his automobile company. The Shanghai Gigafactory plant is still [...]
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, [...]
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 [...]
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 [...]
Shares of Peloton stock (PTON) have been on a steady ride to the bottom, and things just got a whole lot worse. The company voluntarily recalled a whopping 2 million+ bikes on Thursday. This news sent shares tumbling 9% in the past two days, putting more downward pressure on what was already a negative [...]
While Airbnb (ABNB) reported an impressive 1st quarter earnings report after the market closed Tuesday. Revenue and EPS both beat analyst estimates. But, a negative outlook for the current quarter and the remainder of 2023 had the market in a frenzy - sending shares more than 13% lower in Wednesday’s trading session yesterday. This [...]
It’s been a tough morning for Elon Musk, as not only did SpaceX Starship fail mid-flight - Tesla’s (TSLA) 1st quarter earnings came in overnight and the response has been anything but positive. The company is in the pits of a profitability battle that resulted in a drop to 11.4% in operating margin. This [...]
Tuesday’s trading session saw WW International (WW) - better known as WeightWatchers - gain more than 61% on the stock market. The company’s shares spiked after news of its latest acquisition made waves. The company closed a deal to acquire Sequence - a telehealth provider. While WW International has been known for its behavioral [...]
