May 6, 2021
Kellogg (K) jumping 7% thanks to a strong demand for cereal. Kellogg's is working overtime to keep supplies of its most beloved cereals not named cornflakes, Froot Loops, Apple Jacks and Corn Pops, in stock as people continue to consume large quantities of food at home amidst the COVID-19 pandemic.
Profit-taking... Read More
May 5, 2021
Under Armour (UAA) up 9% following earnings and an upgrade. Under Armour easily beat expectations the other day as sales rose 39% to $1.3 billion. Under Armour is doing better with fashion athletic and athleisure while also improving markets with their sneakers. UBS upgraded the stock with a... Read More
May 4, 2021
CVS Health (CVS) blow out earnings. CVS is up 3% to new highs following strong earnings. The health-care company gave 17 million Covid shots at long-term care facilities and at its pharmacies through April. Sales in the front of the store, fell 11% year-over year due to... Read More
May 3, 2021
Upgrade for FedEx (FDX). FedEx is jumping 4% on an upgrade. The Dow Jones Transportation averages has been on a tear since the market bottom last year more than doubling and up 25% year to date. Not bad.
Tech taking it in the chin. Amazon (AMZN) is down 2%... Read More
April 30, 2021
AstraZeneca (AZN) beat estimates without much help from their Covid-19 vaccine. AstraZeneca is up 4% to a three-month high following strong earnings as sales rose 15% to $7.32 billion thanks in part to their cancer drugs and their cardiovascular and rhythm management treatments.
No more need for cleaning supplies. Clorox... Read More
April 29, 2021
Facebook (FB) profits surge. Facebook is up 7% to new all-time highs thanks to strong ad spending. Similar to Google yesterday, Facebook saw a 50% rise in advertising revenue as corporate ad spending leaves magazines and other traditional areas and goes online.
Profit-taking in the drug space. Bristol Myers (BMY)... Read More
April 28, 2021
Google/Alphabet (GOOG) is crushing it. Google is up 4% to new highs following blow out earnings. Sales rose 34% to $55.3 billion. YouTube ad revenue rose 50% year over year and is catching up to Netflix in... Read More
April 27, 2021
UPS (UPS) blow out earnings. UPS is up 11% to new highs after easily beating expectations as revenue rose 27% to $22.91 billion. Besides packages, UPS delivered more than 1.1 million vaccine shipments to 50 countries and territories.
Tesla (TSLA) trading lower following earnings. Tesla is... Read More
April 26, 2021
Commodities and Elevators are in demand. Freeport McMoran (FCX) is up 6% to a six year high as the price of copper rises to a nine-year high. Copper and Freeport are a traditional leading economic indicator. President Joe Biden's infrastructure spending plan of $2.3 trillion will use a lot... Read More
April 23, 2021
BioNTech (BNTX) is up 3% to new highs as the European Commission is set to decide if they will buy another 1.8 billion Pfizer/BioNTech vaccines against the coronavirus which will include booster shots to increase immunity through 2023. A recent US poll shows 54% of people will not be... Read More
April 22, 2021
Godzilla lifts AT&T (T) stock. AT&T is up 4% to a 11-month high following better than expected earnings as sales rose and beat expectations. A net gain of 3 million subscribers to HBO Max in the first quarter helped lift earnings thanks to new releases like Wonder Woman 1984... Read More
April 21, 2021
Europe betting on Pfizer (PFE) and BioNTech (BNTX). Pfizer is up a percent while BioNTech is up 3% as the European Union won't take up an extra 300 million doses of AstraZeneca and Johnson & Johnson COVID-19 vaccines and instead will favor the Pfizer/BioNTech vaccine to inoculate at... Read More
April 20, 2021
Bidding war for a railroad. Kansas City Southern (KSU) is up 16% after Canadian National Railway offered $30 billion to snatch Kansas City Southern from a rival. Canada's two biggest railroads are vying for a rail network that links their country with the U.S. and Mexico as a reworked... Read More
April 19, 2021
Manchester United (MANU) is jumping 7% after the announcement of plans to join the breakaway European Super League (ESL). Twelve clubs, including Manchester United, Juventus of Turin, Real Madrid and Barcelona agreed Sunday to form a breakaway league that would play mid-week home and away matches alongside their... Read More
April 16, 2021
Materials look good. Aluminum maker, Alcoa (AA) is up 8% to a new high following strong earnings. Alcoa beat by 32 cents as sales rose 20% to $2.87 billion. The company reported revenue and income at its highest level since 2018. Alcoa is expecting a strong 2021 based on continued... Read More
April 15, 2021
UnitedHealth Group (UNH) trading at new all-time highs. The largest HMO in the country is up 3% following strong earnings and raised guidance. UnitedHealth easily beat by 94 cents as sales rose 9% to $70.2 billion even as COVID-19 continues to negatively affect demand and costs.
Profit-taking in... Read More
April 14, 2021
A 180 in the bank and oil stocks. Goldman Sachs (GS) is 4% and up 90% since November following blow out earnings. The Investment bank earnings beat estimates by 100% as sales rose 102% year over year. Occidental Petroleum (OXY) is up 6% today and up 150% since November... Read More
April 13, 2021
Nvidia (NVDA) is up 1.6% today after rising 5% yesterday. As most chip companies struggle with supply shortages, Nvidia raised guidance after introducing a new data-center server chip based on Arm Holdings technology to compete with Intel Corp. Plenty of upgrades with price targets as high as $800 a... Read More
April 12, 2021
Signet Jewelers (SIG) raises its outlook. The jewelry retailer is up 10% to new highs after raising its same-store sales guidance for the year to 17% to 20%. Management believes this topline strength is likely due to a combination of traction from strategic initiatives as well as tailwinds from... Read More
April 9, 2021
Levi Strauss (LEVI) performing well. The jeans maker is up 2% reaching the highest level since going public after the denim maker projected a sales boost in the first half of the year. The company joins a group of retailers that expect shoppers to spend more freely as 2021... Read More
April 8, 2021
FedEx (FDX) gets an upgraded. The delivery service company is up nearly 2% on an upgrade. FedEx reported blow out earnings three weeks ago as revenues rose 23.0% year over year. Read More
April 7, 2021
Carnival (CCL) jumping on optimism of getting back on the open seas. Carnival is up 6% even though the company reported a $2 billion quarterly loss this morning. The optimism in the stock is attributed to comments from the CDC saying that US cruises could resume by mid-summer... Read More
April 6, 2021
Snap (SNAP) receives an upgrade. The parent company to Snapchat is up 5% following an upgrade with a $75 price target. The upgrade is helping lift Twitter. Read More
April 5, 2021
Tesla (TSLA) reports strong delivery numbers. Tesla is up 4% after delivering 184,800 vehicles in the first quarter, up from 88,400 in the first quarter last year. Most of the deliveries were the Model 3 and Y. The Model Y saw strong demand in China. Tesla only delivered 2,020... Read More
April 1, 2021
Tech looks good to start the quarter. Micron (MU) is up 4% following strong earnings last night. Cowen upgraded the stock with a $105 price target. Google (GOOG) and Amazon (AMZN) are higher as well following upgrades as the Nasdaq is jumping 1.5% today.
Profit-taking in CarMax (span... Read More
March 31, 2021
Strong earnings at Chewy (CHWY) and Walgreens (WBA). Walgreen is up 6% following strong earnings as the company administered more than 8 million COVID vaccines as well as 5 million tests in the quarter. Chewy is up 7% as earnings beat while sales rose 50% to $2.04... Read More
March 30, 2021
COVID-19 vaccine maker, BioNTech (BNTX) reports strong results. The partner with Pfizer is up 6% following strong earnings. Sales rose 1,134% as their cash doubled to $1.2 billion. BioNTech has already provided more than 200 million doses of their vaccine with signed orders for 1.4 billion doses to date... Read More
March 29, 2021
Boeing (BA) getting more orders. Boeing is up 2% as Southwest Airlines agreed to buy 100 additional 737 MAX jets and added options for 155 more through 2029. Southwest is the world's largest operator of an all-Boeing fleet.
Investment banks Nomura (NMR) and Credit Suisse (CS) under pressure. The... Read More
March 26, 2021
Earnings improving for the banks. Bank of America (BAC) is up 2% as their CEO indicated that earnings are set to "substantially increase" from higher interest rates, the Fed loosening restrictions on bank dividends and buybacks and reserves for bad loans coming back in the books. Not a... Read More
March 25, 2021
Restoration Hardware (RH) looks good. The home-furnishings retailer is up 3% near all-time highs following earnings and forecasts for more growth to come. RH has been a major beneficiary of the Covid-19 pandemic as consumers spent more on their home in general, while many moved to the suburbs for more... Read More
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