Veeva Systems is a cloud-computing company that provides software solutions for the life sciences industry. It has been one of the top-performing tech stocks over the past year, with its shares rising by more than 60%. One of the technical indicators that traders use to gauge the momentum of a stock is the Relative Strength Index (RSI). The 10-day RSI Oscillator for VEEV moved out of...
Convenience store business Casey's General Stores is based in the United States and has locations in 16 states in the Midwest and South. On Tuesday, March 7, the company is scheduled to disclose its results forecast, which will give information about how financially the company performed during the previous three months. Recent market indicators, however, indicate that the stock may be...
Brady Corp. posted second quarter earnings of $0.81 compared to $0.70 per share a year ago . On average, three analysts polled by Thomson Reuters expected earnings of $0.80 per share for the quarter. (Analysts' estimates typically exclude special items). Sales increased +2.6 percent to $326.2 million, vs. analysts’ expectations of $313.68 million. Organic sales rose +6.3 percent. Foreign...
That fact has sparked concern that AI (an area of computer science aiming to build software and hardware that replicates important human mental faculties, learns on its own, and ultimately thinks and reacts like a human) will decimate employment across several sectors, as human-performed tasks are turned over to machines.But this fear may be unfounded – studies indicate that AI will create more jobs than it eliminates.
How is That Possible?
Most fears stem from a belief that AI will automate work that was previously done by humans, but Svetlana Sicular, research vice president at research and advisory giant Gartner Inc., says their study shows differently.
Meta Platform Inc. CEO Mark Zuckerberg has launched the AI platform LLaMA (Large Language Model Meta AI), that aims to help researchers in AI with the help of a state-of-the-art foundational large language model. The technology has the potential to solve math problems or perform scientific research, as indicated by Meta. According to Meta, the AI will range in sizes from 7 billion parameters...
One of the biggest cruise ship operators in the world, Norwegian Cruise Line Holdings (NCLH), just released its results report for the quarter that concluded on December 31, 2022. The company's earnings report offers information about the company's financial performance and prospects going forward. Comparing the earnings for the fourth quarter of 2022 with the same period in 2021, NCLH has...
On Thursday, March 2, 2023, Cooper Companies, a major producer of contact lenses and medical equipment, is scheduled to release its financial results. The business has had a successful year, and its stock price has been steadily rising. Recent market signs, however, indicate that the stock may be changing from an upward to a bearish trend. The 10-day RSI Indicator for COO moved out of...
AvalonBay Communities Inc. (AVB) is a real estate investment trust (REIT) that owns, develops, and manages multifamily properties in the United States. Fundamental Analysis of Earnings To begin our analysis, let's take a look at AVB's earnings report for the fourth quarter of 2021, which was released on February 2, 2022. In the report, AVB reported funds from operations (FFO) of $2.33 per...
Booking Holdings quarterly adjusted earnings came in at $24.74 per share, exceeding the Zacks Consensus Estimate of $20.97 per share (according to Zacks Equity Research). EPS in the year-ago quarter was $15.83. The travel company's revenues of $4.05 billion topped the Zacks Consensus Estimate by 4.98%. The figure is also well above the year-ago level of $2.98 billion. The company has topped...
Warner Bros. Discovery posted a net loss of -86 cents per share loss in the quarter (due to restructuring charges related to the merger between Discovery Inc and AT&T spin-off Warner Media). The media giant’s revenue came in at $11 billion, slightly below analysts’ estimates of nearly $11.36 billion. Nonetheless, the figure is higher than $9.82 billion in Q3 2022. Revenue from the company’s...
Etsy shares fell, after the online marketplace posted lower-than-expected fourth quarter earnings and issued a revenue guidance that’s below the Street forecasts. Etsy is expecting its gross merchandise revenue in the current fiscal first quarter to be between $2.95 billion to $3.15 billion, vs. the year-ago quarter’s revenue of $3.25 billion. Analysts were expecting $3.17 billion. For the...
Nvidia posted fourth quarter adjusted earnings of 88 cents a share, beating the Street expectations of 81 cents a share. Revenue of $6.05 billion also topped the $6.02 billion estimate (according to FactSet poll). Sales for its Data Center division, which makes AI chips, climbed +11%, while sales of the unit that makes chips for gaming devices fell -46%. The semiconductor company is expecting...
Costco Wholesale Corp (COST) is scheduled to release its quarterly earnings report on Thursday, March 2, 2023. The company operates over 800 stores worldwide and has a loyal customer base that values its high-quality products and excellent customer service. On February 15, 2023, the Stochastic Oscillator for COST moved out of oversold territory, which could be a bullish sign for the stock...
On Tuesday, February 28, Target Corporation, one of the biggest retail chains in the US, is scheduled to release its financial results for the fourth quarter of 2022. On February 6, 2023, the 10-day RSI Oscillator for TGT moved out of overbought zone, which may indicate that the stock is transitioning from an upward to a bearish trend. Because there is a chance that the stock will move lower...
A worldwide technology business called Garmin Ltd. focuses on creating GPS-enabled products for a variety of markets, including the automobile, aviation, marine, and outdoor recreation industries. Garmin has recently completed a number of significant acquisitions to broaden both its client base and product offering. A Finnish firm called Firstbeat Analytics Oy, which specializes in...
Nvidia will post its Q4 earnings after the bell on Wednesday, while analysts expect the semiconductor company’s adjusted EPS at $0.81 (versus $1.32 in the year-ago quarter). Revenue consensus is pegged at $6.02 billion (versus $7.64 billion in Q4 last year). Wall Street is anticipating Nvidia’s gaming revenue to drop to $1.6 billion, compared to $3.42 billion in the year-ago quarter. Nvidia,...
Walmart Inc. adjusted earnings for the fourth quarter came in at $1.71 per share, exceeding the Zacks Consensus Estimate of $1.52 (according to Zacks Equity Research). Total revenues rose +7.3% year-over-year to $164 billion, beating the consensus mark of $159.7 billion. On a constant-currency (cc) basis, total revenues grew +7.9%, on the back of solid stores and e-commerce operations. U.S...
BHP Group Limited, has released its earnings report, and traders and investors are talking about it. Also, on February 15, 2023, the Stochastic Oscillator for BHP moved out of oversold zone, suggesting a potential bullish sign for the company. The Tickeron's A.I.dvisor discovered that in 41 out of 54 cases where the indicator departed the oversold zone, the stock went upward in the days that...
Technical analysis and patterns have shown that Lamar Advertising Company, a well-known outdoor advertising firm, has been on a bullish streak for the last three days. Investors and traders alike see this pattern as a bullish indication and are now actively monitoring the stock for potential future growth. Lamar Advertising Company's prospects for further growth should be evaluated by...
Walmart Inc. adjusted earnings for the fourth quarter came in at $1.71 per share, exceeding the Zacks Consensus Estimate of $1.52 (according to Zacks Equity Research). Total revenues rose +7.3% year-over-year to $164 billion, beating the consensus of $159.7 billion. On a constant-currency (cc) basis, total revenues grew +7.9%, on the back of strong stores and e-commerce performance. U.S. comp...