Alcoa shares got a rating boost from a Jefferies analyst. Analyst Christopher LaFemina raised her rating on the aluminum producer to buy from hold. LaFemina also hiked his price target to $60 from $52. LaFemina mentioned that Alcoa is a relative winner because the outlook for aluminum has become more optimistic with the global initiatives for decarbonization gathering steam. "While the...
Starbucks shares got their price targets lowered by several analysts. The company’s earnings beat fourth-quarter results, as wider margins more than offset slightly weak comps. But, the company’s fiscal 2022 projection was below the Street forecasts. BMO Capital analyst Andrew Strelzik slashed his price target on the coffee-bar company’s shares to $135 from $140, while keeping an outperform...
Starbucks posted earnings that beat analysts’ expectations. However, sales growth in China was disappointing. The coffee bar chain’s adjusted earnings came in at $1 per share, compared to the 99 cents expected by analysts polled by Refinitiv. Revenue of $8.1 billion fell a bit shy of the $8.21 billion expected. U.S. same-store sales rose +22% in the quarter. Customers spent 3% more on...
Stock trading app Robinhood reported a major revenue miss for the third quarter, amid a decrease in cryptocurrency trading. For the third quarter, revenues increased +35% year over year to $365 million, but was well below the $431.5 million expected by analysts polled by Refinitiv. The quarterly revenue figure is also lower than the second quarter’s revenue of $565 million, which was boosted...
Microsoft posted its fiscal first quarter revenue and earnings, both of which surpassed analysts’ expectations. For the period ending Sept. 30,. the technology behemoth’s revenue climbed +22% year-over-year to $45.32 billion, beating the $43.97 billion expected by analysts polled by Refinitiv. The company’s earnings came in at $2.27 per share, exceeding analysts’ estimates of $2.07. Revenue...
Twitter reported a loss for its third quarter. The social media company’s non-GAAP loss for the three months ending in September came in at -54 cents per share, compared to a profit of 19 cents per share in the year-ago quarter. The figure is missed the Street expectations of a profit of 17 cents a share. Total revenues rose +37% year-over-year to $1.28 billion. Group advertising revenues...
Shares of Google parent company Alphabet fell Tuesday during after-hours trading, even as the technology behemoth reported revenue that crushed analysts’ expectations. Alphabet’s third quarter revenue climbed +41% from the year-ago quarter to $65.12 billion, exceeding the $63.34 billion expected by analysts polled by Refinitiv. The company’s earnings came in at $27.99 per share, well above...
Bitcoin is arguably the buzziest investment the marketplace has seen in years. The digital currency continues to soar in price even as large bouts of downside volatility has shaken it along the way. With rising prices and the potential for even bigger gains ahead, many investors are wondering if and how they should get involved. But before discussing the basics of investing in bitcoin, there...
Pfizer Inc. and partner BioNTech said that a trial of their Covid vaccine booster was 95.6% effective. According to the biotech companies, the results were based on a Phase 3 randomized, controlled trial evaluating the efficacy and safety of a 30-µg booster dose of the Pfizer-BioNTech Covid-19 vaccine in more than 10,000 individuals 16 years of age and older. “In the trial, a booster dose...
Shares of Snap plunged -23% during after-hours trading Thursday, after the social media company said its ad business was hurt by changes in Apple’s ad tracking rules. “Our advertising business was disrupted by changes to iOS ad tracking that were broadly rolled out by Apple in June and July,” Snap said in a statement. “While we anticipated some degree of business disruption, the new...
IBM shares fell Wednesday after hours, as the company’s third-quarter revenue came in below analysts’ expectations. IBM’s quarterly revenue rose +0.3% from the year-ago quarter to $17.6 billion. However, it fell short of analysts' estimates of $17.8 billion. Revenue increased +2.5%, normalized to exclude the company's Kyndryl managed infrastructure services division, which is set to be spun...
Stock trading is not a hobby. It’s science. Anyone who thinks otherwise is destined to experience huge losses at some point. Hobbyists tend to have a lack of emotional control. They do everything on impulse because they “feel it in their gut.” That might work once or twice for a trader. In the long run, without a trading plan, it’s a path to failure. Most of the mistakes that result in stock...
HubSpot shares got a price target boost from Bank of America to $900 from $880. The bank maintained its buy rating. BofA analyst Brad Sills is optimistic that HubSpot will report a solid upside to the bank’s estimate of the company's third-quarter revenue and billings growth. The third-quarter earnings report is expected Nov. 4. “We recently completed calls with numerous key ad agency...
Several Wall Street's analysts raised their share-price targets for Netflix after the streaming giant beat Wall Street's third-quarter earnings expectations. KeyBanc analyst Justin Patterson boosted his price target on Netflix to $690, citing the company's third quarter results saying it reflected "solid" performance from returning and new originals. Patterson kept his overweight rating on...
Ford Motor shares rose higher Wednesday, following a rating boost from analysts at Credit Suisse . Credit Suisse analyst Dan Levy hiked his rating on the automaker’s shares to 'outperform', from 'neutral'. Levy also boosted his price target on the stock by $5, to $20 a share. The analyst cited a favorable industry cycle heading into 2023, bolstered by inventory rebuilding and better...
Pinterest shares climbed on Wednesday, and were up nearly +13% for the day., following a report that suggested the company is being considered for a takeover by online payments group PayPal . According to Bloomberg News, PayPal is looking at buying the social media platform, and is in talks for a potential price of $70 a share – which implies Pinterest being valued at around $39 billion. Late...
Tesla Inc. reported third quarter earnings that surpassed expectations. The electric vehicle maker also generated one of the widest profit margins in its history. Tesla’s non-GAAP earnings for the three months ending in September surged +135% from the year-ago quarter to $1.86 per share, well above the Street consensus forecast of $1.59 per share. Revenues rose +56.8% year-over-year to a...
Trading effectively is a learned skill, and it takes practice. Every trader makes mistakes somewhere along the way, but that doesn’t mean these mistakes are inevitable. In fact, many are easy mistakes to avoid, as long as investors know what they are and can exercise some discipline. Here are eight mistakes to avoid. 1. Using ‘Gut Feelings’ to Time the Market Markets are unpredictable. There...
Goldman Sachs reported third quarter earnings that surpassed analysts’ expectations, as the ban experienced a solid growth in investment banking and capital markets revenues. Goldman’s earnings for the three months ending in September surged +55% from the year-ago quarter to $14.93 per share, crushing the Street consensus forecast of $10.11 per share. Revenues rose more than +26% to $13.61...
Plant-based meat maker Beyond Meat’s burgers will be tested by McDonald's restaurants next month. CNBC reported that the McPlant Burger will be available to customers in eight U.S. outlets, following plant-based options in Europe and the United Kingdom. Beyond Meat and Pepsi agreed on a partnership PLANeT Partnership LLC to produce a new line of snacks in late January. Earlier in January,...