One such company is Immunomedics (Nasdaq: IMMU), a clinical-stage biopharmaceutical company. The company has lost money in each of the last three years and the losses have been increasing rather than decreasing.I know that is a rather large range, but the stock jumped from $4 to $16 in 2017. What got my attention about Immunomedics currently was the pattern in the candlestick chart on November 6.
Chinese travel website operator Trip.com International (Nasdaq: TCOM) has seen its stock trend lower since peaking just above $60 in July 2017.The company is set to report earnings on November 13 and investors will be hoping the company can break out of its downward trend. Analysts expect the company to report earnings of $0.29 per share for the quarter and that is down 31% from the $0.42 the company earned a year ago.
On Thursday, Expedia reported quarterly earnings that lagged analysts' expectations. The online travel company’s earnings came in at $3.38 a share for the third quarter, falling short of $3.82 estimate of analysts surveyed by Zacks Investment Research, and below $3.79-a-share estimate of analysts polled by FactSet.But the figure is higher than the $3.28 billion the company reported during the same quarter in 2018. Expedia’s operating income declined -9% year-over-year to $609 million. Hotel bookings grew at  +11% in the quarter, which is a slower rate compared to +13% a year before, as indicated by the company.
Shares of Lowe's got a rating upgrade from a Credit Suisse analyst, who also raised the price target on the stock. Credit Suisse analyst Seth Sigman increased his rating on the home improvement retail chain’s shares  to outperform from neutral.Under Ellison’s leadership, Lowe’s has shuttered more than 40 underperforming stores, and retrenched thousands of assembly jobs at stores that involved putting together grills and patio furniture, choosing to contract instead with third party vendors.
On Wednesday, Wendy's reported higher-than-expected third-quarter earnings, on the back of strong same-store sales growth. The fast-food restaurant chain’s adjusted earnings before income, taxes, depreciation and amortization came in at $109.9 million, or 19 cents a share on an adjusted basis.The systemwide same-store sales grew +5.5%. For the full year, Wendy's  now expects adjusted earnings growth in the range between negative -1.5% and positive 1.5% (from its prior guidance of between a drop of -3.5% and -6.5%). The company projects full-year total sales of between $12 billion and $12.5 billion, and adjusted EBITDA of approximately $425 million to $435 million.    
The healthcare company also boosted its full-year profit guidance. The company’s  adjusted earnings for the three months ending in September came in at $1.84 per share, higher than analyst’ estimate of $1.77 per share.The figure reflects growth of +6.35% from the same period last year.  CVS total revenues surged +36.5% year-over-year to $64.8 billion in the quarter, again exceeding analysts' expectation of $63 billion. On a segment level, Pharmacy Services revenues rose +6.5%, on brand name drug price inflation as well as increased total pharmacy claims volume, partially offset by continued price compression and an increased generic dispensing rate – as indicated by the company.
Retailer Ross Stores (Nasdaq: ROST) saw its stock double in value from mid-2017 through the middle of this year.Sure there were some up and down cycles along the way, but the overall trend in the stock has been to upside for over two years. Looking at the daily chart we see how the stock has been trending higher since the end of May and has been riding its 50-day moving average higher over the last four months.
Bausch Health posted third-quarter revenue that surpassed analysts’ expectations.The company also boosted its revenue guidance. In the third quarter, the pharmaceutical company’s revenue increased to $2.21 billion ( from $2.14 billion a year earlier), beating analysts’ estimate of $2.16 billion. Bausch reported a loss of -$49 million, or -14 cents a share - compared to a loss of -$350 million, or -$1 a share in the year-ago quarter. Adjusted net income for the quarter came in at $425 million, up from $403 million a year earlier. Looking ahead, Bausch Health now expects a revenue range of $8.475 billion to $8.625 billion for the full-year 2019, up from its previous guidance of $8.4 billion to $8.6 billion. CEO Joseph Papa emphasized on the strength of the company's long-standing brands, Xifaxan, BioTrue Oneday and Bausch + Lomb Ultra, as well as successful performances of newer products, such as Lumify and Thermage.
Marvell Technology got a rating boost from Wells Fargo. Analysts at Wells Fargo raised their rating on the  semiconductor company to outperform from market perform. Wells Fargo  also hiked the target price on the shares was also hiked to $32 a share from $25, which represents a 27% upside from Marvell's closing price Friday of $25.14. "MRVL should continue to experience robust 5G base station-related sales to Nokia and Samsung for the balance of 2019 and into 2020," Analyst Gary Mobely wrote. Mobely is also hopeful that data-center capital expenditures would rise, which in turn should augur well for MRVL's Octeon/Nitrox and Fibre Channel sales (according to the analyst).
McDonald's shares got downgraded Piper Jaffray, following the firing of CEO Steve Easterbrook. Easterbrook has to leave the company because his consensual relationship with an employee violated company policy.“Our experience leads us to take a more cautionary view noting the potential lack of momentum and time involved in formalizing a new team,” Piper Jaffray wrote. However, Piper Jaffray also mentioned that their change in rating does not reflect McDonald's overall ability to “dominate in terms of global market scale, the effectiveness of its leadership team, or the effort behind its franchise network”.
Casino operator Wynn Resorts (Nasdaq: WYNN) is set to report third quarter earnings results on November 6 and the stock will be looking to break out of a downward trend with the results. The stock has been trending lower since peaking in April and if we connect the high from April and July, we get a downward sloped trend line that is currently just below $130.It would take a pretty big drop to get the stock back down to this area after the earnings report, but that could happen over the course of the coming weeks. You can attribute the decline in the stock price to the fundamentals of the company.
I have written about Chinese firm iQIYI (Nasdaq: IQ) before.Here it is a few months later and I am getting a bearish signal on the stock once again. While the signal in July and the current signal are based on technical factors, they are backed by the poor fundamentals of the company.  iQIYI went public on March 28, 2018 and it has yet to turn a profit—it has lost money in every single quarter.
Estee Lauder shares declined on Thursday, after the cosmetics & skincare company reported better-than-anticipated earnings, but provided guidance below expectation. For the three months ended Sept. 30, the company’s earnings came in at $1.61 a share, exceeding the $1.60 a share expected by analysts.It is also higher than  analysts' forecasts. CEO Fabrizio Freda indicated that strong international sales, particularly in China and other emerging markets, as well as within the company's skin care category, travel retail and online channels bolstered earnings for the quarter. However, Estee Lauder now expects second-quarter earnings per share in the range of $1.83 to $1.86, and full-year per-share earnings of $5.85 to  $5.93 - both the ranges are below analysts' forecasts.
Kraft Heinz’s adjusted earnings for the three months ending in September came in a 69 cents per share, surpassing the Street consensus expectation of 54 cents per share.The figure was down -9.2% year-over-year, though.  The food behemoth’s revenues declined -4.38% to $6.1 billion, which is in-line with analysts' estimates. Earlier this year, Kraft Heinz revealed that an internal investigation found that several of its employees in the procurement area of the group were involved in misconduct linked to the recognition of costs and rebates, leading to the restatement of its financial results for 2016 and 2017; but it said that senior management wasn't involved.
On Wednesday, Yum Brands posted quarterly earnings that missed analysts’ expectations. The company, which owns several restaurant-chains such as Taco Bell, KFC and Pizza Hut, reported third quarter adjusted earnings of 80 cents a share, compared to analysts’ estimate of 94 cents. Net revenue of $1.34 billion in the quarter was almost in line with the $1.344 billion expected by analysts.Last year, Yum bought a 3% stake in the third-party delivery app. Yum’s Pizza Hut reported flat same-store sales growth, falling short of Wall Street’s estimates of +1.5%.
 On Thursday, Fiat Chrysler and  Peugeot maker PSA Group confirmed their intention to merge. The proposed merger would create the world’s fourth-largest automaker with a roughly $50 billion valuation, according to a CNBC report.The combined company is expected to generate 8.7 million vehicle sales, $190 billion in turnover, and to have a combined 400,000 employees. If the deal comes through,  Fiat and PSA would merge on a 50-50 basis. Executives have briefed regulators in the U.S. and France, the Wall Street Journal reported, citing unnamed sources. The WSJ report indicated that Peugeot CEO Carlos Tavares is expected to lead the merged automaker as its CEO, while Fiat Chrysler chairman John Elkann would continue his role in the combined company. The news comes five months after Fiat Chrysler ended merger discussions with PSA’s French rival, Renault.
Facebook shares were rising +3% in extended trading Wednesday, after the company reported earnings that beat expectations. For the third quarter, the social network behemoth posted earnings of $2.12 a share, which handily topped analysts' estimates of $1.91. Quarterly revenue surged +29% year-over-year to $17.65 billion, beating estimates of $17.37 billion.  Average revenue per user came in at $7.26, compared to $7.09 expected by analysts. As of the end of the third quarter, Facebook’s daily active users of 1.62 billion was an increase of +9% year-over-year.Monthly active users rose +8% year-over-year to 2.45 billion. According to the company, 2.2 billion people use Facebook, Instagram, WhatsApp, or Messenger every day on average, and around 2.8 billion people use at least one of those apps each month.   
The iPhone maker also posted strong guidance for the current quarter.  For its fiscal fourth quarter, the tech behemoth’s adjusted earnings came in at an $3.03 per share for its fiscal year fourth quarter, exceeding estimates of $2.84.Wearables, Home and Accessories, which includes the Apple Watch, was $6.52 billion, climbing +54% year-over-year. Services revenue of $12.511 billion exceeded expectations.  For the current quarter, Apple’s revenue guidance ranges between $85.5 billion and $89.5 billion - the midpoint of the range being higher than analyst's expectation of $86.737 billion.
Video game maker Electronic Arts’ fiscal second quarter 2020 earnings declined from the year-ago quarter, and also missed some analysts’ expectations.  Revenue, however, increased year-over-year. The company’s revenues climbed +4.8% from the prior-year quarter to $1.35 billion.While Product revenues (42.1% of total revenues) fell - 8.8%, Service and other revenues (57.9% of total revenues) surged +17.6%. Adjusted earnings came in at 78 cents per share (which excluded tax benefits worth $2.11).
Mattel, Inc. reported better-than-expected financial results, and revealed an investigation into its accounting practices. The toy maker’s earnings per share came in at 26 cents, exceeding analysts’ estimates of 19 cents. Sales increased +3% year-over-year  to $1.48 billion.The company’s Barbie brand and BTS dolls based on a Korean boy band were major drivers of sales.  The company also released a separate statement, in which it mentioned that an independent audit into the company found it had misstated financial statements in the last two quarters of 2017, but that there was no impact on the financial results of that year. 
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