Many gaming companies are struggling due to the restrictions on occupancy in public buildings. Large casinos have had to operate with considerably lower floor traffic than they are used to and would like. The earnings and revenue estimates for the industry have been ratcheted down as a result of the restrictions. The stocks get hit hard during the first quarter of 2020, but most are trading...
Stocks with high short interest or high short interest ratios have been all over the news this week, thanks to the insane rallies from Gamestop (GME) and AMC Networks (AMCX). The crazy jumps in those two stocks have caused additional interest in almost all stocks with high short interest ratios. A number of stocks have rallied more than 20% simply because they have higher short interest than...
American Airlines reported earnings last week, and to no one's surprise, it lost a ton of money -- $2.2 billion for the quarter, to be exact. This marked a negative earnings-per-share (EPS) of -$3.86 for the quarter, losses not unlike those being felt across the airline industry. But the stock soared on the news. There may be two reasons for this: Forecasts for American's earnings were to...
Tesla's meteoric rise over the last couple of years has disconnected the company's share price from its fundamental value, in my view. Consider that Tesla is still a barely profitable company whose market capitalization exceeds all other major US, European, and Japanese auto companies combined. What's more, Tesla's sales are just 1/50th of the other major automakers. Enter General Motors...
Chinese electric-vehicle maker XPeng announced that it will recall 13,399 G3 electric sport utility vehicles. This is its first vehicle recall since it was introduced to American exchanges in August. The company will recall 13,399 G3 electric sport utility vehicles due to an inverter issue that may cause the vehicle to lose power and lead to a safety risk, according to China's State...
Twitter got a rating upgrade from analysts at KeyBanc, on expected long-term revenue growth. Analysts at KeyBanc boosted their rating on the microblogging company’s shares to overweight (from sector weight), saying they expected long-term revenue growth to be driven by the platform’s improvement in the experience for advertisers and users. "Our view is that execution is improving, and the...
Cryptocurrency Dogecoin was at $0.057410 at 10 a.m. ET Friday, according to Coingecko, up around 150% on the day. This followed a Reddit board discussion about making it the cryptocurrency equivalent of GameStop. The price eased from $0.070755 late Thursday when it had experienced a jump of 800% in just 24 hours Dogecoin started out as a 'joke' cryptocurrency based on a popular internet meme...
Dolby Laboratories Inc. posted fiscal first-quarter results that surpassed Wall Street expectations. The audio technology company’s earnings came in at $1.30 a share, compared with 47 cents a share in the year-ago period. Adjusted for one-time items, Dolby’s earnings were $1.48 a share, compared with 64 cents a share a year ago. Analysts polled by FactSet expected a GAAP EPS of 80 cents a...
SAP posted fourth-quarter 2020 non-IFRS earnings, which fell -7% year-over-year to €1.69 per share ($2.02). The Zacks Consensus Estimate for earnings was $2.00. The software company’s revenues fell -6% from the year-ago quarter to €7.541 billion ($8.993 billion), (down 2% constant currency or cc). The Zacks Consensus Estimate was $9.09 billion. Cloud revenues rose +7% year-over-year to €2.04...
Canon ADR reported fourth quarter earnings of ¥0.4633 per share, compared to ¥0.3603 expected by analysts polled by Investing.com. Revenue of ¥9.08B. also beat analysts’ expected ¥8.78B. For fiscal year, net income attributable to Canon Inc. was 83.32 billion yen, down -33.3% . Earnings per share was 79.35 yen compared to 116.77 yen. Net sales fell -12.2% to 3.16 trillion yen. Looking ahead,...
Beverage company Diageo’s earnings for the first half of the year beat analysts’ expectations. The company’s adjusted earnings plunged almost -13% year-over-year to 69 (73 cents) per share, but surpassed the 67.8 pence analysts had expected. Higher operating costs and a stronger pound affected earnings. The result was bolstered by strong demand in North America, with 80% of its sales coming...
On Friday, Johnson & Johnson Inc. said that its developing coronavirus vaccine has a 72% efficacy rate in U.S. trials, a lower-than-expected result. It had an overall/global efficacy rate of 66% in the 44,000 person study of patients with moderate to severe forms of COVID-19. J&J’s one-shot vaccine doesn't require excessively low temperatures to store. The trial also revealed an 85% rate of...
Stocks like Moderna and Novovax have enjoyed sharp rallies in the swirl of coverage about Covid-19 vaccines. Missing from the action to date has been Johnson & Johnson, which has quietly developed another messenger RNA vaccine to join those already approved and in circulation. Johnson & Johnson's vaccine only requires one shot, which could make it easier to distribute in large quantities,...
Climate change is a defining issue of the next 20, 50, 100 years and beyond. The question, in my view, is whether corporations and governments ultimately do enough to temper alarming trends in carbon emissions. So far, efforts have fallen woefully short. One British hedge fund billionaire is taking a new approach to bring urgency -- and the potential for financial repercussions -- into the...
You may already know what company I'm referring to: Apple, Inc. The Cupertino-based tech behemoth just reported $111 billion of revenue in the final three months of 2020, a record-shattering level of earnings for the company. Perhaps the wildest part of the earnings announcement was CEO, Tim Cook, saying that he's never been more optimistic about Apple's future. CEOs have to say that, of...
Tesla shares have experienced a meteoric rise over the past couple of years. And that was before the company ever booked a full-year profit. 2020 changed that, with Tesla reporting a profit of $721 million on about $31.5 billion in sales. These earnings fell short of Wall Street estimates, however, and the stock traded down on the news. In 2019, Tesla booked a $862 million loss on $24.6...
Microsoft Corp. posted earnings much stronger than expected by analysts. The performance was bolstered by the tech behemoth’s cloud revenues and personal computer sales.
Microsoft’s earnings for the three months ending in December, (the company's fiscal second quarter) increased +34% year-over-year to $2.03 per share, well ahead of the Street consensus forecast of $1.64 per share.
Revenues surged +17% year-over-year to $43.1 billion, again exceeding analysts' estimates of $40.2 billion.
Intelligent Cloud revenues climbed +23% from the year-ago period to $14.6 billion, with server products and cloud services sales rising 26%, driven by a 50% jump in revenues for Azure, Microsoft's cloud offering.
Revenues in Personal computing segment rose +14% to $15.1 billion, apparently driven by the 'work-from-home' culture amid pandemic.
Tickeron's platform of Artificial Intelligence-generated can help.
According to Piper Sandler analysts, retail trading volume that goes through wholesale market makers accounted for nearly half of all trading in the first 11 days in January. For some wealth managers and trading platforms, this has been welcome news.Morgan Stanley just completed its takeover of E*Trade, reporting 900,000 new self-directed accounts over the last two quarters.
Approximately 175.5 million shares of GameStop traded hands on Monday, the
second highest one-day total ever. You can't make this stuff up.
Entering the year, GameStop was one of the most shorted stocks in the marketplace, which perhaps set it up for even more speculative bets and trading on where shares would go.Small investors, urged along on Reddit and other chat forums, piled into GameStop, sending shares surging well over 100% on Monday morning, before giving it all back and surging higher before close.
But perhaps a better question to ask today is:
will there even be movie theaters to go back to?
Perhaps the answer is yes and no.For small, independent movie theaters across the country, it may have been difficult or impossible to obtain the bridge financing needed to keep the business afloat.