September 23, 2021
People are going out to dine. Darden Restaurants (DRI), the parent of Olive Garden, is up 5% to new highs after beating earnings estimates, raising guidance, raising their dividend and unveiled a stock buyback. Sales jumped 51% from a year earlier to $2.31 billion.
Rite Aid (RAD) trades lower... Read More
September 22, 2021
General Mills (GIS) is higher by 3% following earnings. Strong growth in their pet foods business cushioned a slowdown in demand for its cooking sauces and baking products. Net revenue at its pet foods unit jumped 25% in the quarter. Cheerios and other cereals, snacks and baking products continued... Read More
September 21, 2021
Uber (UBER) raised guidance. The ride-sharing giant is up 8% after raising guidance and saying the company could turn a profit in the third quarter. Uber just reported its first months of adjusted EBITDA profitability in July and August. An analyst at MKM rates Uber a Buy... Read More
September 20, 2021
Pfizer (PFE) releases positive data. Pfizer is modestly higher as their Covid-19 vaccine was safe and produced strong antibody responses in children ages 5 to 11 in a large-scale trial, paving the way to begin vaccinating grade-school kids in the future. On Friday, the FDA unanimously backed Pfizer's... Read More
September 17, 2021
Thermo Fisher (TMO) raises guidance. The biotech and medical product maker is up 4% to new highs after raising guidance at an analyst meeting. Thermo now sees better earnings for the full year and core organic revenue growth of +7-9% and earnings growth in the mid-teens.
Commodities take a hit.... Read More
September 16, 2021
DoorDash (DASH) to deliver alcohol. The delivery service company's stock is up 6% to an eight month high after, among other things, announcing the introduction of alcohol delivery service in US, Canada, and Australia,
Beyond Meat (BYND) hit with a downgrade. The plant-based meat seller is down 4% as... Read More
September 15, 2021
More grilling in the backyard. Weber (WEBR) is up 3% after reporting their first quarterly earnings report after going public. Reported sales up 19% to $668.9 million and expects earnings to be up 30% year over year. The stock however, is still below its IPO price back in... Read More
September 14, 2021
Crocs (CROX) raises guidance. Crocs is up 11% to new highs as the company stated at an Investor Day conference, they see $5 billion in sales by 2026 with sandal sales expected to quadruple in the next 5 years. Crocs has also been collaborating with celebrities like Justin Bieber... Read More
September 13, 2021
Oil stocks jumping today as the reopening trade is back on. EOG Resources (EOG) is up 4% to a one month high on an upgrade an $82 price target. OPEC stated over the weekend that global oil demand will exceed pre-pandemic levels next year with travel recovering... Read More
September 10, 2021
GM (GM) reaffirms guidance. The carmaker is up 3% as GM reaffirms their outlook and sees the chip shortage easing next year. Jacobson also said he expects the carmaker to recover the estimated $1 billion cost linked to the recall of Chevy Bolt batteries from Korea-based manufacturer LG Chem Ltd.
It's... Read More
September 9, 2021
Moderna working on a vaccine to protect against Covid-19 and the flu. Moderna is up 7% as the company announces plans for a new vaccine to fight two viruses. Moderna's Covid-19 vaccine is expected to bring in $20 billion in sales this year alone. The reopening stocks are performing well... Read More
September 8, 2021
Ready to guac and roll at Chipotle Mexican Grill (CMG). Chipotle is up a percent on an upgrade at Cowen with a Wall Street high of $2,250 from $2,080 and affirming an outperform rating. Chipotle profits are going higher as the digital carry-out mix of sales and third-party delivery... Read More
September 7, 2021
Disney (DIS) and Netflix (NFLX) up for different reason. Disney is higher by 2% after releasing their new movie "Shang-Chi" in theaters only. The movie grossed $90 million world-wide. So far this year, Disney had been releasing new movies in theaters and through their streaming platform. Netflix is... Read More
September 3, 2021
Docusign (DOCU) higher following earnings. The cloud-based software firm beat estimates as sales rose 49% to $511.84 million. Docusign also raised guidance as the CEO believes there are a lot of great years of growth ahead. DocuSign also received an upgrade from Bank of America Securities with a... Read More
September 2, 2021
Festivus for Netflix (NFLX). Netflix is up 2% on an upgrade. Netflix which lost Friends now has Seinfeld added to its catalog. In the upgrade, the analyst highlighted the Money Heist that is performing well in International markets. Netflix also has, The Witcher coming back in December and Stranger... Read More
September 1, 2021
Apple (AAPL) trades at an all time high. Apple is up a percent on an upgrade as the company is working on seamlessly and securely adding driver's license or state ID to Wallet on their iPhone and Apple Watch. Apple Watch is also looking at features like tracking your... Read More
August 31, 2021
Leading sports-first live TV streaming platform fuboTV (FUBO) is up 5% after announcing that it has received approval from the Iowa Racing and Gaming Commission to offer advance deposit online sports wagering within the state of Iowa launching its mobile sportsbook, Fubo Sportsbook, which remains on track to go... Read More
August 30, 2021
Buy now, pay later. Affirm Holding (AFRM) is up 45% as the consumer financing firm signed a new partnership deal with Amazon.com (AMZN). Amazon will test Affirm's system of buy now, pay later installment payment plans.
Credit card companies take a hit. Capital One (COF) is down 5%... Read More
August 27, 2021
Workday (WDAY) is working. The cloud HR software firm is up 9% to a six-month high following strong earnings. Workday easily beat as revenues rose 18% to $1.26 billion. Workday cited a number of factors helped lift earnings including an improving economy and a boost in sales from their... Read More
August 26, 2021
At least one Dow component is higher. Salesforce.com (CRM) is up 4% to a yearly high as earnings easily beat as sales rose 23% to $6.34 billion. The company also lifted estimates as margins improve as the digital transformation of corporate work continues to accelerate.
Tough comparisons for Dollar General... Read More
August 25, 2021
Dick's Sporting Goods (DKS) jumps to new record high. Dicks is up 13% following strong earnings. The company easily beat as revenue rose 20.8% to $3.28 billion. Dicks announced a special dividend of $5.50 per share payable Sept. 24 to stockholders of record at the close of business on... Read More
August 24, 2021
Palo Alto Networks (PANW) is jumping 19% to new highs thanks to strong earnings. The security software firm easily beat expectations as revenues rose 28% year over year to $1.22 billion. Turns out cybersecurity is very profitable.
Profit-taking in Pfizer (PFE) and Moderna (MRNA). Both stocks are down... Read More
August 23, 2021
Pfizer (PFE) receives FDA approval for their Covid-19 vaccine. The stock is up nearly 3% inching closer to all-time highs. The FDA full approval is a milestone, but still only for ages 16 and up. The vaccine is still available in emergency-use authorization for ages 12 to... Read More
August 20, 2021
Foot Locker (FL) reports strong earnings. The athletic-shoe retailer easily beat expectations as sales rose 9% to $2.27 billion. Foot Locker saw strong demand for women's and kids' footwear while apparel and accessories also performed well.
Profit-taking in Deere & Co (DE). The largest maker of agricultural machinery fell 2% following... Read More
August 19, 2021
Macy's (M) crushes earnings estimates. Macy's is up 15% after easily beating estimates as sales rose 58% to $5.65 billion. Macy's also raised their full year outlook and reinstated its dividend. The stock has risen 60% in 2021 and 188% over the last12 months.
Robinhood (HOOD) down 8% following earnings.... Read More
August 18, 2021
Lowes (LOW) higher on strong earnings. The retailer is up 10% beating estimates and raised sales guidance. The report was a relief for Lowe's investors, given that Home Depot's results showed a faster-than-anticipated slowdown in comparable sales.
Big-box retailer Target (TGT) is down modestly following strong earnings as sales... Read More
August 17, 2021
Krogers (KR) gets a thumbs up from Warren Buffett. The grocery is up 4% in a down market as the 13F filings came out and Berkshire Hathaway increased their stake by 21% or $2.8 billion. Its always good to have Warren Buffett on your side.
Home Depot (HD) is taking a... Read More
August 16, 2021
Sonos (SONO) sounds better. The wireless audio firm is up 4% after the U.S. International Trade Commission judged that Google infringed on patents held by the maker of wireless audio technology. The ITC ruling was issued late Friday, based on complaints Sonos filed in January 2020. SONO... Read More
August 13, 2021
Pfizer (PFE) is up a percent to new highs as FDA approved coronavirus vaccine booster shots for immunocompromised individuals. The... Read More
August 12, 2021
The streaming winner. Disney (DIS) is up 5% after hours following strong earnings. Disney easily beat estimates by 25 cents as sales rose 44% year over year to $17.02 billion. Total streaming subscriptions hit 174 million, above estimates and up over 100% in the last year. Media and entertainment... Read More
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