Retail company Lowe’s fiscal third quarter earnings surpassed analysts’ expectations on the back of strength in home professionals and online sales. For the quarter ended Oct. 29, the company’s earnings came in at $2.73, well above the $2.36 expected by analysts polled by Refinitiv, Revenue of $22.92 billion also beat analysts’ expectations of $22.06 billion. Lowe’s same-store sales grew by...
Nvidia shares got a downgrade from analysts at Wedbush to neutral from outperform, on valuation concerns. However, Wedbush analysts boosted price target on the semiconductor company’s stock $300 a share from $220 a share. According to a note to investors, while Wedbush analysts remain “very bullish” on Nvidia's near term prospects as well as longer term opportunities particularly around...
Agricultural machinery maker Deere & Co. and the United Auto Workers union have reached a third tentative contract agreement that could end a strike at the company that began Oct. 14. The decision is subject to a vote from employees The UAW said it will present Deere's best and final offer to employees for a ratification vote. The third tentative agreement includes modest modifications to its...
Boeing announced that it plans to open three new air freighter conversion lines for its 737-800BCF aircraft in North America and Europe over the next two years. The aircraft manufacturer said it will open one conversion line in 2022 at Boeing's London Gatwick Maintenance, Repair & Overhaul facility, its state-of-the-art hangar in the U.K., and two conversion lines in 2023 at KF Aerospace MRO...
Artificial intelligence (AI) is bringing a sci-fi future to the present. This area of computer science, which aims to allow computers to think and perform tasks like a human, has evolved from an idea…to a chessmaster-defeating computer…to self-driving cars – all in a relatively short period of time. AI has the potential to impact every area of society, and its reverberations are already being...
U.S. consumer price annual inflation in October reached the fastest pace in 30 years , as revealed in the Bureau of Labor Statistics data. Headline CPI in October was estimated to be 6.2% year-over-year, up from the 5.4% pace in September. October pace is the fastest rate since 1990. Month-over-month, inflation was up +0.9%. Core inflation, which strips-out volatile components food and energy...
Beyond Meat shares on plunged on Wednesday in after-hours trading, after the plant-based meat company posted a wider-than-expected third-quarter loss . Beyond Meat’s loss for the quarter came in at -87 cents a share, compared to -39 cents a share loss anticipated by analysts polled by Refinitiv.. The los was also larger than the year-ago quarter’s -31 cents a share. The company’s revenue was...
The U.S. economy added more than half a million new jobs in October, the Labor Department data revealed. The figure came in higher than expected by analysts. The Bureau for Labor Statistics data showed that 531,000 jobs were added in October, compared to the Street forecast of 450,000. The increase in hiring is almost double the job gains in September. The private sector added 604,000 new...
Coinbase Global shares fell on Tuesday, after the company disappointed on third quarter earnings. The biggest U.S. cryptocurrency exchange earnings for the third quarter came in at $1.62 a share, up from 23 cents a year ago. But they fell short of the $1.77 a share expected by analysts polled by FactSet. Coinbase reported quarterly revenue of $1.31 billion, in line with analysts’ estimates...
Shares of RingCentral jumped in after hours trading, following the company’s third quarter results that crushed analysts’ expectations. For the quarter ended Sept. 30, the enterprise cloud-based services company’s non-GAAP net income rose to 36 cents a share from 26 cents in the previous year, exceeding the 33 cents a share expected by analysts polled by FactSet. Revenue climbed +36.5% from...
Forex trading is unlike any other market-based activity. With over $6.6 trillion moving through foreign exchanges daily and a tiered-market system, traders can make or lose a small fortune in a very short period of time. Making a living at it requires patience, discipline, and dedication. The forex market is unique due to the sheer number and variety of traders who are active in the space...
FirstEnergy is selling a nearly 20% stake in its transmission business to Brookfield Asset Management for $2.4 billion. Under the terms of the agreement, Brookfield's infrastructure group would purchase a 19.9% stake in FirstEnergy Transmission LLC that includes subsidiaries American Transmission Systems, Mid-Atlantic Interstate Transmission and Trans-Allegheny Interstate Line Co. The deal...
Tesla founder and CEO Elon Musk might consider selling 10% of his stock in the company, according to responses from a Twitter user poll. On Saturday, Musk asked his Twitter followers via a poll whether they were in favor of him selling 10% of his Tesla stock. 57.9% of respondents agreed to his sale of the stock. Over 3.5 million Twitter responses came through by about noon Saturday. "Much is...
Penn National Gaming reported third-quarter earnings that fell short of analysts’ expectations. The operator of casinos and racetracks posted third-quarter earnings of 52 cents a share, compared 93 cents a share a year ago. Analysts polled by FactSet expected 85 cents. Revenue rose +33.8% from the year-ago quarter to $1.51 billion, in line with the FactSet consensus. Allegations surfaced...
LendingClub posted better-than-expected third-quarter earnings. In the quarter, LendingClub posted record net income $27.2 million, which implies a +190% increase sequentially. The company’s per-share earnings came in at 26 cents , beating the 12 cents a share expected by analysts at FactSet. It had a loss of -25 cents in the year-ago quarter. Total revenue in the quarter came in at $246.2...
Shares of McAfee jumped on Friday, following reports of the software security maker’s talks to sell itself to a consortium of private equity firms for more than $10 billion. Bloomberg reported that the company is nearing a deal with private equity firm Advent International, citing people familiar with the matter. According to the report, Permira Crosspoint Capital Partners is also involved in...
A.I.dvisor at Tickeron, Inc Recommendation: Strong Buy SHARE 11/04/21 @RealEstateInvestmentTrusts#MissedOpportunity#TechnicalAnalysis#Bullish#ArtificialIntelligence#Pattern#Stocks#SmallCap#Russel2000 On October 19, 2021, A.I.dvisor detected a Channel up Pattern (Bullish) for Global Medical REIT (GMRE, $16.00). On October 20, 2021, A.I.dvisor confirmed the Bullish pattern, setting a target...
Canada Goose jumped on Friday, after the apparel company reported an unexpected profit for the second quarter. It also boosted its full-year earnings guidance. For the fiscal 2022 second quarter ended Sept. 26, the company’s adjusted earnings came in at 12 cents, compared to the -10 cent loss expected by FactSet analyst. Revenue grew +25% from the year-ago quarter to C$232.9 million,...
Shares of Avis Budget Group as much as tripled on Tuesday, following the company’s third-quarter results. The car rental company’s adjusted earnings came in at $10.74 a share, compared with $1.13 a share a year earlier. Analysts polled by FactSet had expected earnings of $6.87 a share. Revenue almost doubled from the year-ago quarter to $3 billion. Analysts expected $2.67 billion. "Our third...
Bed, Bath & Beyond shares nearly doubled in after-hours trading Tuesday, following news of the home retail company’s distribution partnership with Kroger Co. Bed, Bath also said that it would complete its $1 billion share buyback program by the end of its fiscal year. Bed, Bath & Beyond said the deal will lead to its signature and 'BuyBuy Baby' products sold on Kroger.com, as well as in the...