Shares of Domino’s Pizza (DPZ) are up nearly 3% in Thursday morning’s trading session after the company reported massive profit growth that exceeded analyst expectations for the third quarter. Earnings per share came in at $4.18 compared to just $3.31 that analysts were looking for. However, revenue of $1.03 billion was a step backward [...]
Rivian Automotive (RIVN) got an upgrade Tuesday from UBS analyst Joseph Spak. He moved his position on the stock from hold to buy, and yet he lowered his price target from $26 to $24. This came after the company raised a whopping $1.5 billion on October 5 - something that caught investors and Wall [...]
By Leslie N. Masonson, MBA LuxUrban Hotels Inc. (LUXH) is a Nasdaq-listed firm headquartered in Miami, Florida, with a short lifespan, as it came to market as an IPO on August 12, 2022. LuxUrban caught my eye on October 4 while I was checking out the Stock Viewer, as it was the top-ranked stock [...]
Shares of Levi Strauss (LEVI) are trading lower in Friday's pre-market trading session after the clothing manufacturer delivered lackluster third-quarter earnings coupled with an unoptimistic full-year outlook. The company saw weakened consumer spending for the quarter which led to a 1% drop in sales to $1.51 billion. This fell short of the Wall Street [...]
Chinese electric automobile manufacturer Nio Inc. (NIO) was working towards a 5-day win streak on the stock market after reporting 3rd quarter earnings. But so far, the performance has been anything but positive. News of the company’s performance for the recent quarter sent shares more than 3% lower in Monday morning’s trading session thus [...]
Shares of Carnival Corp. (CCL) are down more than 5% in Friday morning’s trading session after the cruise line reported its first quarterly profit since before the pandemic. The company’s revenue of $6.85 billion represented not just a 59% growth, but also a new all-time high. The previous high was $6.53 billion in 2019. [...]
CarMax (KMX) reported fiscal second-quarter earnings that narrowly exceeded analyst expectations but spoke to a more grave concern of the used car market in general. The stock has fallen more than 9% in Thursday’s trading session as a result. Sales dropped from $8.145 billion this time last year to just $7.074 billion for the [...]
Threats of antitrust lawsuits and government intervention have been a concern for Amazon (AMZN) and its investors for years as the e-commerce giant gobbles up competition and appears more and more like a monopoly. But all this came to a head on Tuesday as the US government announced via the Federal Trade Commission (FTC) [...]
Wayfair (W) investors got a nice surprise Friday morning as Bernstein changed its viewpoint on the company from Underperform to Market Perform. This adjustment came from analyst Nikhil Devnani who raised the price target for W from $60/share to $65/share. Wayfair has been on a run over the long term, up nearly 48% in [...]
Home building company KB Home (KBH) is down more than 4% in Thursday morning’s trading session despite delivering impressive fiscal third-quarter earnings and maintaining an optimistic forecast for the remainder of the year. Revenue of $1.59 billion beat the analyst consensus of $1.47 billion, but represented a drop in performance year over year - [...]
