News
Posted on Jan 22, 2021 by Anne Perry
Posted on Jan 22, 2021 by Anne Perry
Intel Corporation (NASDAQ:INTC) stock rallied as the company reported impressive Q4 earnings that topped estimates. The company also excited investors by announcing a dividend offering.
more
Posted on Jan 22, 2021 by Anne Perry
Posted on Jan 21, 2021 by Anne Perry
UnitedHealth Group Inc. (NYSE:UNH) had an impressive fourth-quarter and full-year 2020, as depicted by solid financial results. The company benefited from opportunities presented by the COVID-19 pandemic.
more
Posted on Jan 21, 2021 by Anne Perry
Procter and Gamble (NYSE:PG) delivered impressive Q2 results that affirm growth in the core business. Likewise, the company expects accelerated growth in Q3 at the back of strong health care and home sales.
more
Posted on Jan 21, 2021 by Anne Perry
Netflix Inc. (NASDAQ:NFLX) overseas expansion drive is paying off. The company is fresh from reporting revenue growth at the back of subscription base topping 200 million
more
Posted on Jan 20, 2021 by Anne Perry
Halliburton bounce back from the shackles of COVID—19 is gathering pace. The company is fresh from reporting impressive Q4 and Full-year earnings that topped estimates.
more
Posted on Jan 20, 2021 by Anne Perry
Goldman Sachs Group Inc. (NYSE:GS) shrugged off the effects of record-low interest rates to generate its highest profit in a decade. The investment banking division continues to offset weakness in other divisions.
more
Posted on Jan 20, 2021 by Anne Perry
Bank of America Corp (NYSE:BAC) continues to feel the full effects of record low interest rates. Revenue declined 9% as net interest income also fell by 16%. The bank has announced a $2.9 billion buyback program
more
Posted on Jan 19, 2021 by Anne Perry
Tesla Inc. (NASDAQ:TSLA) has inched a step closer to start mass production in China. The company has made the first deliveries of Model Y produced at its $2 billion gigafactory in Shanghai.
more
Posted on Jan 19, 2021 by Anne Perry
Home Depot Inc. (NYSE:HD) and Omnicom are under immense pressure to investigate whether their advertising campaigns are in platforms at the heart of fuelling division and hate speech in the U.S
more
Posted on Jan 19, 2021 by Anne Perry
General Motors Company (NYSE:GM) have affirmed it means business in the production of electric cars. The automaker is spending $800 million to convert a Canadian plant into an electric vehicle manufacturing facility
more
Posted on Jan 18, 2021 by Anne Perry
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has defended the delisting of Parler app from App store. According to the executive violated terms of service for failing to moderate content
more
Posted on Jan 18, 2021 by Anne Perry
Facebook Inc. (NASDAQ:FB) crackdown on inciting content and products has resulted in a total ban of all gun accessories adverts on the platform. The ban comes on the app also banning the phrase 'stop the steal'
more
Posted on Jan 18, 2021 by Anne Perry
Amazon.com, Inc. (NASDAQ: AMZN) will have to defend itself in a federal court over claims it has colluded with five of the biggest publishers, a move that has resulted in a significant increase in e-books prices.
more
Posted on Jan 15, 2021 by Anne Perry
Toyota Motor Corp (NYSE:TM) is to pay the biggest civil penalty for failing to meet emission reporting requirements between 2005 and 2015. It joins a number of automakers that have had to pay hefty fines over emissions
more
Posted on Jan 15, 2021 by Anne Perry
Tesla Inc. (NASDAQ:TSLA) faces a major hurdle, having been ordered to recall some 158,000 cars over touchscreen malfunction. The recall will affect some 158,000 cars produced before 2019
more
Posted on Jan 15, 2021 by Anne Perry
Cisco Systems, Inc. (NASDAQ:CSCO) has reached an agreement to acquire Acacia. The Networking giant CEO has had to defend a decision to increase the takeover bid by 645 in order to seal the deal.
more
Posted on Jan 13, 2021 by Anne Perry
Walmart Inc. (NYSE:WMT) is in the process of trialing a new delivery system that, if successful, will allow it to convert grocery delivery into a 24/7 business. The new system leverages smart coolers.
more
Posted on Jan 13, 2021 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) Web Services has hit back, reiterating that the Parler lawsuit against it is meritless. The cloud computing unit maintains it did not breach any contract on severing ties.
more
Posted on Jan 13, 2021 by Anne Perry
Visa Inc. (NYSE:V) has shelved plans to acquire Silicon Valley startup Plaid. The termination comes on the deal coming regulatory scrutiny over antitrust concerns.
more
Posted on Jan 12, 2021 by Anne Perry
Nio has unveiled its first ever electric sedan as it pushes for market share in the world’s largest auto market. Tesla has also set sights on the market Model Y sales.
more
Posted on Jan 12, 2021 by Anne Perry
Walmart Inc. (NYSE:WMT) is looking to enhance its financial solutions. The company has inked a strategic partnership with Ribbit Capital as they seek to develop modern and innovative financial solutions.
more
Posted on Jan 12, 2021 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) has once again cracked the whip ending the sale of QAnon linked products on its e-commerce platform. The decision comes just days after the company severed ties with social media app Parler.
more
Posted on Jan 12, 2021 by Anne Perry
Social networking app Parler has sued Amazon for terminating its web hosting contract. The app alleges that Amazon’s action amount to antitrust violation and breach of contract.
more
Posted on Jan 11, 2021 by Anne Perry
Amazon.com Inc.(NASDAQ: AMZN) has carried out some changes on the return policy of items purchased in its store. Consumers will now be able to get full refund on items bought and still keep the item
more
Posted on Jan 11, 2021 by Anne Perry
Conservatives networking app Parler will have to look for a new web hosting service Amazon having ended their ties. Likewise, Apple and Google have delisted the app from their app stores
more
Posted on Jan 08, 2021 by Anne Perry
NVIDIA Corporation (NASDAQ:NVDA) bid to acquire Arm holdings hangs in the balance. U.K’s competition regulator has lodged an investigation into the potential impact of the $40 billion proposed merger
more
Posted on Jan 08, 2021 by Anne Perry
Alibaba Group Holding Ltd (NYSE:BABA) woes are slowly getting out of hand in the aftermath of co-founder Jack Ma criticizing Chinese regulators. The company, as well as Tencent, is facing the risk of being added to the blacklist in the U.S
more
Posted on Jan 08, 2021 by Anne Perry
LVMH has completed the takeover of Tiffany & Co. (NYSE:TIF) in a $15.8 billion deal. The agreement ends a one year stalemate that had resulted in lawsuits and counter lawsuits between the two companies
more
Posted on Jan 07, 2021 by Anne Perry
Ford Motor Company (NYSE:F) is fresh from reporting a 15% decline in U.S auto sales, the biggest decline in eight years. The decline came as production and sales chains came under pressure owing to COVID-19.
more
Posted on Jan 07, 2021 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) has joined other tech giants in pushing for affordable housing. The company has donated $2 billion to be used in the construction of 20,000 affordable housing in three key hubs.
more
Posted on Jan 07, 2021 by Anne Perry
Posted on Jan 06, 2021 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) has moved to strengthen its Air fleet unit with the acquisition of 11 used Boeing 737 jets. The acquisition is part of a plan of bolstering the logistics network in response to the growing demand for delivery services
more
Posted on Jan 06, 2021 by Anne Perry
Alibaba Group Holding Ltd (NYSE:BABA) is looking beyond spiraling regulatory scrutiny with plans to absorb additional debt in the bond markets. The company is planning a massive bond sale as it looks to take advantage of low borrowing costs
more
Posted on Jan 06, 2021 by Anne Perry
Macy's Inc. (NYSE:M)’s is closing down a number of stores in response to a decline in traffic to shopping malls. The closure is part of a bigger plan that seeks to increase focus on digital sales in the aftermath of same-store sales decline
more
Posted on Jan 05, 2021 by Anne Perry
Fiat Chrysler Automobiles NV (NYSE:FCAU) and PSA Group have moved a step closer to reinvigorating their prospects in the auto industry. Shareholders have approved their merger expected to result in the fourth largest auto company.
more
Posted on Jan 05, 2021 by Anne Perry
Teledyne has moved to strengthen its thermal imaging unit with the acquisition of FLIR systems for $8 billion. The takeover bid represents a 40% premium with the transaction poised to close mid this year.
more
Posted on Jan 05, 2021 by Anne Perry
It’s the end of the road for Quibi in the short-form video streaming service. The company is in talks to sell its content to Roku Inc. (NASDAQ:ROKU) as it continues to wind operations having struggled to stay afloat.
more
Posted on Jan 04, 2021 by Anne Perry
Posted on Jan 04, 2021 by Anne Perry
Conagra Brands Inc. (NYSE:CAG) is heading into Q2 earning session having profited from increased stockpiling amid the COVID-19 pandemic. The company is also profiting from increased innovation and brand building
more
Posted on Jan 04, 2021 by Anne Perry
Expectation is high that Constellation Brands will report better than expected quarterly results owing to strong beer sales. Likewise, analysts at Morgan Stanley have rated the stock as a buy
more
Posted on Dec 31, 2020 by Anne Perry
Tesla’s Q4 delivery figures are not yet out but analysts are optimistic that the company will reach 500,000 deliveries for 2020.
more
Posted on Dec 31, 2020 by Anne Perry
Tiffany and LVMH will finally move forward with their merger plans after overwhelming investor approval.
more
Posted on Dec 31, 2020 by Anne Perry
Amazon is planning to bolster its audio offerings by acquiring a podcast company called Wondery and the acquisition will help it compete more effectively with rivals in the audio space.
more
Posted on Dec 30, 2020 by Anne Perry
A software startup called Corellium recently won a legal battle against tech giant Apple in which it had been accused of copyright infringement.
more
Posted on Dec 30, 2020 by Anne Perry
Google and Facebook have been accused of attempting to illegally fixing ad prices courtesy of their business agreement in 2018.
more
Posted on Dec 30, 2020 by Anne Perry
Apple was allegedly involved in unfair labor practices through one of its Chinese suppliers which has reportedly been using forced Uighur Muslim laborers.
more
Posted on Dec 29, 2020 by Anne Perry
Facebook and Google are poised to be the center of attention in 2021 as regulators continue to look into their operations. The two may be forced to change how they operate on the passing of new laws.
more
Posted on Dec 29, 2020 by Anne Perry
Novavax has inched a step closer to the development of COVID-19 vaccine. The company has kick-started late-stage trials awaiting efficacy results.
more
Posted on Dec 29, 2020 by Anne Perry
Myovant exploded on a huge turnover of traded shares on the inking of a strategic partnership with Pfizer. The agreement is for the development of treatments targeting prostate cancer and women’s health.
more
Posted on Dec 28, 2020 by Anne Perry
Facebook has started shutting down holding companies set up in tax haven Ireland to avoid paying taxes in some countries. The shutdown comes amid pilling regulatory pressure.
more
Posted on Dec 28, 2020 by Anne Perry
Tesla has been on a fine run, rallying by more than 600% in 2020. Amid the meteoric run there is growing concern that the company could struggle in 2021 amid soaring competition.
more
Posted on Dec 28, 2020 by Anne Perry
AstraZeneca maintains its experimental covid-19 vaccine has what it takes to combat the new covid-19 strain that is 705 more transmissible. The remarks comes even as the company continues to pursue regulatory approval.
more
Posted on Dec 24, 2020 by Anne Perry
Alibaba investors show cold feet after Chinese regulators launch antitrust probe against online giant.
more
Posted on Dec 24, 2020 by Anne Perry
Nikola’s share price takes a huge hit after garbage truck contract cancellation goes sour.
more
Posted on Dec 24, 2020 by Anne Perry
Zoom was the most popular video conferencing service in 2020, and it might be planning to tap into that popularity by introducing email and calendar services to rival those of Google and Microsoft.
more
Posted on Dec 23, 2020 by Anne Perry
The U.S Department of Justice is suing Walmart over claims it played a key role in fuelling the opioid crisis. The retailer has refuted the claims insisting it did due diligence in filling all orders.
more
Posted on Dec 23, 2020 by Anne Perry
Google and Facebook are the subject of a new lawsuit over claims they signed an agreement to defend each other if they ever face antitrust investigations.
more
Posted on Dec 23, 2020 by Anne Perry
The Food and Drug Administration has taken a swipe at Amazon’s grocery chain Whole Foods Market for mislabeling items. The unit has been issued with a warning letter.
more
Posted on Dec 22, 2020 by Anne Perry
Walmart is once again bolstering its e-commerce service with the introduction of an online returns service. The retailer has inked a strategic partnership with FedEx to enable the new service.
more
Posted on Dec 22, 2020 by Anne Perry
Peloton has moved to strengthen its U.S manufacturing capabilities with the acquisition of Precor. The acquisition should have a significant impact on the rate at which the company produces fitness equipment.
more
Posted on Dec 22, 2020 by Anne Perry
Regulators are moving with speed to avert growing concerns about the COVID-19 vaccine. Faced with increasing allergic reactions, officials are plotting studies to assess what could be causing the same.
more
Posted on Dec 21, 2020 by Anne Perry
Apple is shutting down some stores in California as the COVID situation in the state deteriorates. The closure also affects stores in Europe, Tennessee and other localities hard hit by the pandemic.
more
Posted on Dec 21, 2020 by Anne Perry
Nike is coming off an impressive second-quarter. Robust e-commerce sales helped the company offset decline in in-store sales. Similarly the company continues to enjoy robust sales in the U.S.
more
Posted on Dec 21, 2020 by Anne Perry
Carnival is already positioning itself for next year as business starts ti pick pace in the cruise-line industry. Distribution of coronavirusvaccineis once again reinvigorating prospects in the industry.
more
Posted on Dec 19, 2020 by Anne Perry
BlackBerry Ltd (NYSE:BB) has turned the page and is now trending upwards amid renewed investor interest. The inking of a strategic partnership supplemented by Impressive Q3 results has all but strengthened the stock’s sentiments among investors
more
Posted on Dec 19, 2020 by Anne Perry
FedEx Corporation (NYSE:FDX) continues to take advantage of opportunities triggered by COVID-19. Demand for shipping services is on the rise thanks too booming e-commerce. The company also looks set to profit from COVID-19 vaccine distribution
more
Posted on Dec 18, 2020 by Anne Perry
Rite Aid is skyrocketing up the charts after reporting impressive Q3 results. The company has also issued an upbeat guidance that affirm continued growth heading into 2021.
more
Posted on Dec 17, 2020 by Anne Perry
A pandemic-driven housing boom, coupled with a confluence of millennials starting families and creating households of their, underscores Lennar Corporation (NYSE: LEN)'s long-term prospects.
more
Posted on Dec 17, 2020 by Anne Perry
Facebook has taken a swipe on Apple following the unveiling of new rules in Europe designed to clamp tech giants powers. The new rules will also affect Facebook, which is accused of doing little to fight misinformation or harmful content.
more
Posted on Dec 17, 2020 by Anne Perry
Micron technology is powering high aid booming business in the semiconductor sector. The semiconductor looks set toreport better than expected earnings given the underlying developments.
more
Posted on Dec 16, 2020 by Anne Perry
Navistar is poised to report its fourth-quarter and full-year earnings. The report comes at a time when the company is an acquisition target for Germany’s automaker Volkswagen.
more
Posted on Dec 16, 2020 by Anne Perry
Walmart has once again affirmed it means business when it comes to using self-driving cars for deliveries. The company is poised to launch an autonomous delivery service in Arkansas, having teamed up with Gatik.
more
Posted on Dec 16, 2020 by Anne Perry
Twitter is shutting down live streaming app Periscope acquired in 2015 as it did with Vine app. The shutdown comes on the company shifting most live streaming capabilities to the main app.
more
Posted on Dec 15, 2020 by Anne Perry
Amazon foray into the ride sharing business is gathering steam. The company’s self-driving unit has unveiled an electric self-driving robotaxi that can carry four passengers.
more
Posted on Dec 15, 2020 by Anne Perry
Moderna data was illegally accessed as part of a recent data breach at the European Medicine Agency. The company has however refuted claims that sensitive data might have been accessed.
more
Posted on Dec 15, 2020 by Anne Perry
Google has unveiled a hybrid work model that could end up getting employees back to offices. The flexible work week program seeks to have employees in offices at least three days a week.
more
Posted on Dec 14, 2020 by Anne Perry
Genius Brands has moved to strengthen its ad business with the inking of strategic deals with Samsung and LG Brands. The deals come as the children Media Company looks to make its Kartoon Channel available to a broader audience.
more
Posted on Dec 14, 2020 by Anne Perry
Chinese regulatory authorities are heightening pressure on tech giants. The crackdown seeks to clamp down on illegal practices that go along way in crippling competion in various sectors.
more
Posted on Dec 14, 2020 by Anne Perry
Facebook is the subject of increasing regulatory pressure over its practices that entail buying rival apps in a bid to cripple competition. Regulators are pushing for the spin-off of WhatsApp and Instagram.
more
Posted on Dec 11, 2020 by Anne Perry
Posted on Dec 11, 2020 by Anne Perry
After years of stagnant sales growth, Oracle is yet again registering booming business thanks to strong demand for its cloud computing solution. The recent quarter affirms growth in the core business.
more
Posted on Dec 11, 2020 by Anne Perry
Posted on Dec 10, 2020 by Anne Perry
Broadcom Inc. (NASDAQ:AVGO)'s impressive track record on earnings and revenue growth looks set to continue as it reports its quarterly results. Robust growth in data center chip business and infrastructure business affirms its credentials in the semiconductor business.
more
Posted on Dec 10, 2020 by Anne Perry
Lululemon Athletica Inc. (NASDAQ:LULU) reports its third-quarter financial results with investors waiting to see if revenue growth continued, as was the case in the second quarter. Focus will also be on online sales, an area expected to shrug off any slowdown in brick and mortar sales.
more
Posted on Dec 10, 2020 by Anne Perry
GameStop Corp. (NYSE:GME)'s bounce back after a slowdown in the first half of the year is gathering pace. A narrower than expected net loss in the recent quarter affirms a company in the right direction to profitability.
more
Posted on Dec 09, 2020 by Anne Perry
Ciena Corporation pipeline of deals for network upgrades is growing by the day. The company has continued to sign lucrative deals all but safeguarding its revenue base amid a challenging market environment.
more
Posted on Dec 09, 2020 by Anne Perry
Chewy is fresh from reporting a 45% increase in revenues attributed to the strengthening and expansion of the core business. In addition to dispensing pet products, the company is also flexing its muscles on telehealth.
more
Posted on Dec 09, 2020 by Anne Perry
Adobe has been on a fine run in the market owing to its core business growing amid the pandemic. An increase in subscription for the company’s software solutions and cloud offerings continue to affirm long term prospects.
more
Posted on Dec 08, 2020 by Anne Perry
MongoDB is firing on all cylinders ahead of its Q3 earnings. The company is reaping the rewards of ongoing transition from secular trends to cloud computing
more
Posted on Dec 08, 2020 by Anne Perry
Genius Brands had a third quarter to forget as net revenues declined 90%. The company has since turned to ChizComm acquisition as it seeks to reinvigorate its growth metrics around children media
more
Posted on Dec 08, 2020 by Anne Perry
GameStop is heading into the earning session amid calls to tweak its core business and focus more on digital gaming. The transition is expected to shrug off the effects of shrinking store footprint
more
Posted on Dec 07, 2020 by Anne Perry
Toll Brothers heads into the earning session after an impressive third-quarter buoyed by improving fundamentals. Strong demand for new homes and record low interest rates support prospects of better than expected earnings.
more
Posted on Dec 07, 2020 by Anne Perry
Posted on Dec 07, 2020 by Anne Perry
Coupa Software Inc. (NASDAQ:COUP) is climbing the ladder ahead of quarterly earnings. Growth on solid momentum in Business spend and clientele base continues to affirm growth in core business
more
Posted on Dec 04, 2020 by Anne Perry
Ahead of Weibo's third-quarter financial results release, the stock continues to edge lower. The pullback comes at the back of robust user growth and engagement levels in the company’s networking app.
more
Posted on Dec 04, 2020 by Anne Perry
Cloudera Inc. (NYSE:CLDR) is coming off an impressive third-quarter depicted by earnings and revenue beat. The data analytics firm continues to benefit from the strong demand for its products amid the ongoing cloud transition.
more
Posted on Dec 04, 2020 by Anne Perry
DocuSign Inc. (NASDAQ:DOCU) upward momentum continues to gather pace after the company reported better than expected Q3 results. The company is one of the beneficiaries as business transition to cloud-based solutions continues to gather steam.
more
Posted on Dec 03, 2020 by Anne Perry
Okta Inc. (NASDAQ:OKTA) revenue growth trajectory continued in the third quarter, at the back of strong demand for the company’s identity software. In addition, the company has issued a solid Q4 and full-year guidance.
more
Posted on Dec 03, 2020 by Anne Perry
Five Below Inc. (NASDAQ:FIVE) continues to outperform amid a challenging business environment owing to COVID-19. The specialty retailer is coming off an impressive third-quarter, depicted by revenue and earnings growth.
more
Posted on Dec 03, 2020 by Anne Perry
Splunk Inc. (NASDAQ:SPLK) had a third-quarter to forget as revenues and earnings fell short of estimates. The company has also issued guidance that signals its transition to software-as-a-service is yet to gain traction.
more
Posted on Dec 01, 2020 by Anne Perry
A strong quarter reflecting growing customers on cloud computing and resilience of the subscription business model affirms Autodesk's impressive run. The stock is trading at record highs after a 30% plus rally in 2020.
more
Posted on Dec 01, 2020 by Anne Perry
Posted on Dec 01, 2020 by Anne Perry
Posted on Nov 27, 2020 by Anne Perry
Genius Brands had a third-quarter to forget as revenues fell 90%. Stock dilution also continues to arouse concerns. However, the company has turned to the ChizComm acquisition to revitalize its sentiments and prospects.
more
Posted on Nov 27, 2020 by Anne Perry
NetEase Inc. (NASDAQ:NTES) is once again flying high after reporting impressive Q3 financial results. Sales in online games continue to drive the bottom line as the company also benefits from expanding its operations overseas.
more
Posted on Nov 27, 2020 by Anne Perry
Abercrombie & Fitch Co. (NYSE:ANF) jumped to a surprise quarterly profit thanks to digital sales growth and sequential sales improvements. The company has also reduced its reliance on tourist driven locations.
more
Posted on Nov 26, 2020 by Anne Perry
Analog Devices, Inc. (NASDAQ:ADI) Services bounced back to sales growth after seven consecutive quarters of sales decline. Sales growth affirms strategic growth in the company’s core business.
more
Posted on Nov 26, 2020 by Anne Perry
Medtronic PLC (NYSE:MDT) is increasingly shrugging off COVID-19 disruption going by its recent quarterly results. Revenue and earnings topping estimates underscore the faster than expected recovery amid the disruptions triggered by the pandemic.
more
Posted on Nov 26, 2020 by Anne Perry
Dollar Tree, Inc. (NASDAQ:DLTR) is firing on all angles following the acquisition of Family Dollar. Better than expected results amid a challenging business environment underscore core business resiliency.
more
Posted on Nov 24, 2020 by Anne Perry
Canadian Solar Inc. (NASDAQ:CSIQ) is firing on all cylinders going by its stellar Q3 financial results. The results affirm a strong demand for the company’s products. A tremendous opportunity for growth has also presented itself in South East Asia.
more
Posted on Nov 24, 2020 by Anne Perry
JD.Com Inc. (NASDAQ:JD) is in a phase of robust growth, going by the rate of new customer addition and revenue growth in the recent quarter. Heading into the year-end, the company is poised to post impressive numbers, having become a key player in China’s burgeoning e-commerce sector.
more
Posted on Nov 24, 2020 by Anne Perry
Hewlett Packard Enterprise Co (NYSE:HPE) has laggard its peers for the better part of the year, going by stock performance. Fast forward, the company has embarked on a transition process as it seeks to become a cloud platform-as-a-service. It has also acquired Silver Peak to strengthen its growth prospects.
more
Posted on Nov 23, 2020 by Anne Perry
Intuit Inc. (NASDAQ:INTU)'s robust growth trajectory continued in Q1, affirming growth in the core business. Revenue growth in key segments affirms the company’s growth metrics and long term prospects.
more
Posted on Nov 23, 2020 by Anne Perry
Gap Inc. (NYSE:GPS) has embarked on a long-term growth strategy as it seeks to reinvigorate growth in its core business. The company is to focus on brands with tremendous growth practice while reducing growth in areas of slow growth. Store shutdowns are also poised to come into play.
more
Posted on Nov 23, 2020 by Anne Perry
Splunk Inc. (NASDAQ:SPLK) has been power high as investors react to the company’s tremendous opportunities for growth in the cloud computing business.
more
Posted on Nov 20, 2020 by Anne Perry
Nvidia has rattled the market by projecting a slowdown in the data center business. The segment is seen as a bright spot that many investors have bet on. Growth in graphic chip sales should help counter any revenue growth slowdown.
more
Posted on Nov 20, 2020 by Anne Perry
L Brands Inc. (NYSE:LB) had another record-breaking quarter, which explains why it is exploding up the charts. The sale of personal hygienic products helped offset weakness in the Victoria Secret brand.
more
Posted on Nov 20, 2020 by Anne Perry
Macy's Inc. (NYSE:M) has sounded warning bells about Q4 given the ever growing risk of Q4. Being a non-essential retailer, the retailer is susceptible of being hit with shutdown orders likely to affect its Q4 operations and results.
more
Posted on Nov 19, 2020 by Anne Perry
Nio is following on Tesla’s footsteps on electric vehicle deliveries. The company had a record breaking quarter on deliveries at the back of a robust Chinese EV market. The company has also set sights on Tesla
more
Posted on Nov 19, 2020 by Anne Perry
Target Corporation (NYSE:TGT) stock is flying high as invest react to robust digital sales growth. The coampny has since embarked on an investment drive as it seeks to safeguard its prospects on e-commerce.
more
Posted on Nov 19, 2020 by Anne Perry
Lowe`s Companies Inc. (NYSE:LOW) has embarked on an investment drive as it looks to enhance customer experience in stores. The investments have sparked earnings miss triggering stock sell-off.
more
Posted on Nov 18, 2020 by Anne Perry
A boom in home renovations across the U.S is helping Home Depot Inc. (NYSE:HD) shrug off the effects of COVID-19 conversely fueling sales growth. However a spike in labor costs continues to arouse concerns.
more
Posted on Nov 18, 2020 by Anne Perry
Kohl’s is back to growth after feeling the effects of COVID-19. The company plans to resume dividend payments next year, buoyed by the rate of free cash flow growth. The company also continues to execute a new strategic framework.
more
Posted on Nov 18, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) is shrugging the COVID-19 shocks that have curtailed traffic to brick and mortar stores. Online sales growth continues to strengthen the company’s revenue base and long term prospects.
more
Posted on Nov 17, 2020 by Anne Perry
SmileDirectClub bounced back to growth in the recent growth. Narrowing net loss affirms impact of controlled growth at the back of cost controls. The company has since set itself up for rapid growth.
more
Posted on Nov 17, 2020 by Anne Perry
The second wave of COVID-19 pandemic threatens to derail the gains that Tyson Foods, Inc. (NYSE:TSN) made in the recent quarter. Rising labor costs and animal feeds costs could take a toll on margins in Q4.
more
Posted on Nov 17, 2020 by Anne Perry
JOYY Inc. (NASDAQ:YY) is powering up the charts on investor reacting to a dual engine growth strategy that continues to strengthen the company’s long term prospects. An impressive quarter underscores continued growth heading into year end.
more
Posted on Nov 16, 2020 by Anne Perry
Palo Alto Networks is flying high COVID-19 Pandemic having triggered demand for its cybersecurity solutions. The company has also turned to acquisitions to strengthen its long term prospects.
more
Posted on Nov 16, 2020 by Anne Perry
Vipshop Holdings Ltd (NYSE:VIPS) is well-positioned to finish the year on a high after an impressive third quarter. An increase in the number of active customers affirms its competitive edge in the Chinese e-commerce landscape.
more
Posted on Nov 16, 2020 by Anne Perry
Draftkings Inc. (NASDAQ:DKNG) had an impressive third-quarter attributed to a resumption in sporting events. Heading into the year-end, its core business faces great risks amid a spike in coronavirus cases.
more
Posted on Nov 12, 2020 by Anne Perry
Canopy Growth Corp (NYSE:CGC) is firing on all cylinders going by its second quarter financial results. Expansion of the product line and into new markets continue to affirm the company’s long term prospects and growth metrics.
more
Posted on Nov 12, 2020 by Anne Perry
Weibo Corp (NASDAQ:WB) prospects are looking increasingly bright in the aftermath of the COVID-19 pandemic. The messaging and content app is seeing increased engagement levels in its networking app.
more
Posted on Nov 12, 2020 by Anne Perry
Himax Technologies, Inc. (NASDAQ:HIMX) fundamentals have improved significantly on the reopening of the global economy in the aftermath of COVID-19. Strong demand for display driver circuits affirms long term prospects.
more
Posted on Nov 11, 2020 by Anne Perry
Co-Diagnostics Inc. (NASDAQ:CODX) is on course to turn in its first ever profit thanks to robust revenue growth. Strong demand for COVID-19 test kits is the catalysts behind the record setting year.
more
Posted on Nov 11, 2020 by Anne Perry
NetApp Inc. (NASDAQ:NTAP) has underperformed the market. However, in recent weeks, the stock has shown signs of breaking out on investors taking note of the company’s cloud offerings as well as relations with large cloud providers.
more
Posted on Nov 11, 2020 by Anne Perry
Vipshop Holdings Ltd (NYSE:VIPS) has affirmed its credentials as one of the biggest players in the burgeoning Chinese e-commerce landscape. Heading into the end year the company remains upbeat of topping estimates amid stiff competition.
more
Posted on Nov 10, 2020 by Anne Perry
Cyberark Software Ltd (NASDAQ:CYBR) bounce back from the COVID-19 disruptions is almost complete. The reopening of the economy with the confirmation of a COVID-19 vaccine continues to revitalize the company’s long-term prospects.
more
Posted on Nov 10, 2020 by Anne Perry
Vaxart Inc. (NASDAQ:VXRT) market is under immense pressure even as it continues to work on a coronavirus vaccine. Pfizer confirming its experimental vaccine is 90% effective is the latest blow.
more
Posted on Nov 10, 2020 by Anne Perry
Riot Blockchain is looking increasingly bullish after an impressive third-quarter. The company is on course to become the largest low cost Bitcoin miner after an impressive Q3.
more
Posted on Nov 09, 2020 by Anne Perry
T-Mobile Us Inc. (NASDAQ:TMUS) capped yet another impressive quarter benefiting from Sprint merger. Revenues and earnings topped estimates benefiting from cost efficiencies.
more
Posted on Nov 09, 2020 by Anne Perry
Yelp Inc. (NYSE:YELP) is fresh from posting impressive third quarter financial results attributed to resilience of the core business. The company is on course to return to sustainable growth.
more
Posted on Nov 09, 2020 by Anne Perry
Groupon Inc. (NASDAQ:GRPN) has embarked on a growth strategy as it seeks to reinvigorate its growth prospects after a tumultuous 2020 owing to COVID-19 disruptions.
more
Posted on Nov 06, 2020 by Anne Perry
Aurora Cannabis is preparing to announce its financial results for the third quarter of 2020 and analysts already have a positive outlook about the company's quarterly performance. .
more
Posted on Nov 06, 2020 by Anne Perry
Posted on Nov 06, 2020 by Anne Perry
CVS Health Corp (NYSE:CVS) gears up for its Q3 2020 financial report and analysts are eager to see if it will surpass the $65.3 billion that it reported in Q2 2020.
more
Posted on Nov 05, 2020 by Anne Perry
Posted on Nov 05, 2020 by Anne Perry
Posted on Nov 05, 2020 by Anne Perry
Match Group Inc. (NASDAQ:MTCH) ended the third quarter on a roll, registering new user growth in its flagship dating apps. Revenue and earnings growth affirm underlying growth.
more
Posted on Nov 04, 2020 by Anne Perry
Posted on Nov 04, 2020 by Anne Perry
AT&T Inc. (NYSE:T) is in the process of divesting minority stakes in its legacy TV business as it loosk to raise to trim its debt.
more
Posted on Nov 04, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) has severed ties with robotic firm Bossa Nova. The retail giant will reportedly rely on workers to enhance restocking of shelves
more
Posted on Nov 03, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) has ended close ties with robotics and automation startup Bossa Nova. The decision throws Bossa Nova future into doubts having already started laying off staff.
more
Posted on Nov 03, 2020 by Anne Perry
Faced with an uncertain future amid the COVID-19 pandemic, Burger King is urging people to order food from rivals to protect thousands of jobs
more
Posted on Nov 03, 2020 by Anne Perry
Posted on Nov 02, 2020 by Anne Perry
Posted on Nov 02, 2020 by Anne Perry
Posted on Nov 02, 2020 by Anne Perry
Netflix Inc. (NASDAQ:NFLX) has resorted to price hikes to counter slow growth on new subscriber additions. The hikes come’s amid surging competition.
more
Posted on Oct 30, 2020 by Anne Perry
Dow Jones Industrial average is a popular and one of the most followed stock market indices. Why does it matter?
more
Posted on Oct 29, 2020 by Anne Perry
Tiffany has reached a deal to be acquired by LVMH consequently ending a year long standoff. The value of the new deal is $425 million less than the original deal.
more
Posted on Oct 29, 2020 by Anne Perry
Posted on Oct 29, 2020 by Anne Perry
Posted on Oct 28, 2020 by Anne Perry
Posted on Oct 28, 2020 by Anne Perry
Daimler has inked a strategic partnership to leverage Waymo’s self-driving technology in its truck. The two are to work together in coming up with trucks equipped with level 4 autonomous technology.
more
Posted on Oct 28, 2020 by Anne Perry
Pfizer Inc. (NYSE:PFE) COVID-19 vaccine program is going on well, the company has enrolled a significant number of people for Phase 3 trials. The program is helping shrug off concerns over a disappointing third-quarter.
more
Posted on Oct 27, 2020 by Anne Perry
Inspire Brands is reportedly planning to acquire Dunkin Brands Group
more
Posted on Oct 27, 2020 by Anne Perry
Posted on Oct 27, 2020 by Anne Perry
AstraZeneca and Johnson & Johnson are planning to resume the clinical trials for their COVID-19 vaccine candidate after previously putting it on hold due to adverse effects involving one patient.
more
Posted on Oct 26, 2020 by Anne Perry
The unveiling of a cryptocurrency service on PayPal is poised to accelerate mainstream adoption. The new service could handle $50 billion worth of crypto transactions.
more
Posted on Oct 26, 2020 by Anne Perry
The U.S Justice Department is suing search giant Google over what it claims as illegal use of monopoly in search. The lawsuit threatens to affect the company's strategic partnership with Apple as well as future search partnerships.
more
Posted on Oct 26, 2020 by Anne Perry
Coca-Cola Co (NYSE:KO) European Bottler is taking advantage of suppressed valuation levels in the aftermath of the COVID-19 pandemic. The company has confirmed plans to acquire its Australian Partner Coca-Cola Amatil.
more
Posted on Oct 23, 2020 by Anne Perry
Uber and Lyft stalemate over the classification of drivers is headed to the Supreme court. An appeals court has ruled that the companies must adhere to a trial judge's preliminary injunction.
more
Posted on Oct 23, 2020 by Anne Perry
Gap Inc. (NYSE:GPS) stock receives all the love on Wall Street after announcing plans to trim the brick and mortar retail business. The company is trimming its store footprint as it shifts focus to e-commerce.
more
Posted on Oct 23, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) has lodged a lawsuit against the federal government over claims its pharmacist are fuelling the opioid crisis. The retailer insists its pharmacists only fill orders on following DEA-licensed doctor's prescriptions.
more
Posted on Oct 22, 2020 by Anne Perry
Netflix shares fell 6% after the company reported disappointing third-quarter financial results that fell short of analysts' expectations.
more
Posted on Oct 22, 2020 by Anne Perry
PayPal will soon allow people to hold, buy, and sell cryptocurrencies on its platform. The payment giant has secured a conditional license in the U.S as it also seeks to make service available worldwide.
more
Posted on Oct 22, 2020 by Anne Perry
Nikola shares explode on huge volume after General Motors hinted it is not planning to pull the plug on a $2 billion investment pact.
more
Posted on Oct 21, 2020 by Anne Perry
Concerned with growing competition in the development of electric cars, General Motors is investing $2 billion in one of its plants. The investment should make the plant well suited to develop electric cars.
more
Posted on Oct 21, 2020 by Anne Perry
QUALCOMM, Inc. (NASDAQ:QCOM) is in pursuit of growth opportunities in the 5G infrastructure market. The company has unveiled a slate of chips and software products that it hopes will allow it to gain a share in the $8 billion market.
more
Posted on Oct 21, 2020 by Anne Perry
Alphabet Inc. Class A (NASDAQ:GOOGL) is facing one of the biggest antitrust lawsuits in recent history over its advertising business and search business monopoly. The company could incur a massive fine or forced to change how it operates.
more
Posted on Oct 20, 2020 by Anne Perry
Intel Corporation (NASDAQ:INTC) is divesting its NAND memory chip business as it looks to focus on its core business. The sale will propel South Korean SK Hynix to top of the list with the $9 billion acquisition.
more
Posted on Oct 20, 2020 by Anne Perry
ConocoPhillips (NYSE: COP) has moved to strengthen its presence in the Permian basin with the acquisition of Concho Resources. The acquisition comes amid a surge in consolidation in the energy industry.
more
Posted on Oct 20, 2020 by Anne Perry
General Motors Company (NYSE:GM) is ramping up investments as it seeks to enhance development of electric cars. The company is restructuring and retooling a number of plants as it seeks to ramp up production to keep up with demand and competition.
more
Posted on Oct 19, 2020 by Anne Perry
Pfizer Inc. (NYSE:PFE) has touted a video showing the production of a coronavirus vaccine. The company is looking to unveil its vaccine before the end of the year after successful trials.
more
Posted on Oct 19, 2020 by Anne Perry
Alibaba Group Holding Ltd (NYSE:BABA) has moved to strengthen its e-commerce empire by acquiring a majority stake in hypermarket operator Sun Art Retail. The company is looking to digitize most of the shops.
more
Posted on Oct 19, 2020 by Anne Perry
Facebook, Inc. (NASDAQ:FB) has ramped up its crackdown on misleading posts on the flagship app and Instagram ahead of the November 3 election. In addition, the company is to block ads one week to the election.
more
Posted on Oct 16, 2020 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) has moved to enhance its logistical operations n the New York metro area with the acquisition of a third warehouse in Staten Island. The acquisition brings to three the number of the company’s warehouse in the area.
more
Posted on Oct 16, 2020 by Anne Perry
The travel industry is not expected to bounce back to pre-corona levels until 2024. United Airlines CEO has warned of further slowdown amid the COVID-19 pandemic. more
Posted on Oct 16, 2020 by Anne Perry
Posted on Oct 14, 2020 by Anne Perry
Eli Lilly And Co (NYSE:LLY) has been forced to suspend clinical trials on its proposed coronavirus treatment. However there is no Cause for alarm according to experts.
more
Posted on Oct 14, 2020 by Anne Perry
Microsoft Corporation (NASDAQ:MSFT) has launched massive operations to take down all the servers taken by havoc, causing Trickbot malware. The operation is part of the company's push to protect the integrity of the upcoming elections. more
Posted on Oct 14, 2020 by Anne Perry
Alphabet Inc. (NASDAQ:GOOGL) has moved toe enhance and ensure security of remote working environment. The company has unveiled a new security model that takes authorization to another level.
more
Posted on Oct 13, 2020 by Anne Perry
Johnson & Johnson (NYSE:JNJ) has stumbled on the development of its novel coronavirus vaccine. One of the participants in Phase 3 trials has developed an unknown illness prompting halting of the trials.
more
Posted on Oct 13, 2020 by Anne Perry
Abbott Laboratories has secured regulatory approval for a new coronavirus antibody test. The company now has seven coronavirus test that have secured regulatory approval.
more
Posted on Oct 13, 2020 by Anne Perry
Microsoft Corporation (NASDAQ:MSFT) us ramping up efforts to dismantle havoc, causing botnet to take the world by storm. Trickbot, believed to be the work of Russian operatives, has already interfered with a number of systems.
more
Posted on Oct 12, 2020 by Anne Perry
Alphabet Inc. (NASDAQ:GOOGL) is planning to enhance YouTube revenue-generating capability. The tech giant is planning to introduce a new feature that allows people to buy items on watching videos on the platform.
more
Posted on Oct 12, 2020 by Anne Perry
Video streaming sticks are increasingly taking over as preferred means of streaming content. There small size means they are portable and highly convenient for people constantly on the go.
more
Posted on Oct 12, 2020 by Anne Perry
Best Buy Co Inc. (NYSE:BBY) has set sights on Amazon with early Black Friday Deals. The company arsenal of deals will include highly discounted TV sets, laptops, among other items.
more
Posted on Oct 09, 2020 by Anne Perry
Microsoft is spinning of its infrastructure service segment after years of slow growth. The tech giant intends to focus on hybrid growth, an area with tremendous opportunities for growth.
more
Posted on Oct 09, 2020 by Anne Perry
Microsoft Corporation (NASDAQ:MSFT) and GameStop have inked a strategic partnership that allows the latter to leverage the former cloud solutions. GameStop is to leverage the partnership to create an ultimate gaming destination.
more
Posted on Oct 09, 2020 by Anne Perry
Advanced Micro Devices, Inc. (NASDAQ:AMD) has set sights on Nvidia and Intel in the race for market share in the data center chip business. The company is in advanced talk to acquire Xilinx as it looks to strengthen its arsenal of chips for data centers.
more
Posted on Oct 08, 2020 by Anne Perry
Posted on Oct 08, 2020 by Anne Perry
Sirius XM Holdings Inc. (NASDAQ:SIRI) is opened to extending the contract of radio host jock Howard Stern. A new contract could mean more money for the popular radio host, indicating that Stern could earn as much as $120 million.
more
Posted on Oct 08, 2020 by Anne Perry
Facebook Inc. (NASDAQ:FB) has pulled the plug on posts and Pages belonging to conspiracy theory group QAnon. The move comes amid concerns that the pages and groups are being used to fuel violence.
more
Posted on Oct 07, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) has set out to make it easy for people around the U.S to enroll for Medicare Insurance Plans. Under Walmart Insurance Service, people should feel confident selecting preferred plans.
more
Posted on Oct 07, 2020 by Anne Perry
A new democratic staff report calls for significant changes to U.S anti-trust laws. The changes, if implemented, could affect how big tech companies operate.
more
Posted on Oct 07, 2020 by Anne Perry
Moderna Inc. (NASDAQ:MRNA) is struggling to enroll a good number of trial participants as part of its COVID-19 vaccine trials. Contractors are yet to enroll the recommended number of trial participants from minority groups.
more
Posted on Oct 06, 2020 by Anne Perry
NVIDIA Corporation (NASDAQ:NVDA) is building a $52 million supercomputer in England that is to be used for healthcare research purposes. The company is also pushing forth with plans to acquire British chipmaker Arm.
more
Posted on Oct 06, 2020 by Anne Perry
Toyota Motor Corp (NYSE:TM) has partnered Hino to accelerate the development of its fuel cell semi-truck. The two intend to unveil the truck early next year as Nikola struggles to validate its fuel cell technology.
more
Posted on Oct 06, 2020 by Anne Perry
Cisco Systems, Inc. (NASDAQ:CSCO) has been ordered to pay $1.9 billion to settle claims it willfully used Centripetal Network Patents without permission. The networking giant says it will appeal the ruling.
more
Posted on Oct 05, 2020 by Anne Perry
Uber Technologies Inc (NYSE:UBER) has inked a $500 million investment deal for its logistics arm Uber Freight. The financing should enhance the unit’s expansion plans that has so far fueled revenue growth.
more
Posted on Oct 05, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) has trimmed its stakes in U.K retail chain Asda. The sale of stakes worth $8.8 billion leaves the U.S retail behemoth with a minority stake as it continues to trim exposure to the European market.
more
Posted on Oct 02, 2020 by Anne Perry
Alibaba Group Holding Ltd (NYSE:BABA) has grown to become a force to reckon with thanks to its focus on China and southeast Asia. With growth levels in the market slowing down, the company might have to look elsewhere for growth opportunities.
more
Posted on Oct 02, 2020 by Anne Perry
Alphabet Inc. Class (NASDAQ:GOOGL) has unveiled two new smartphone’s as it once again looks to battle Apple for market share in the lucrative business. The 5G Pixel smartphones are priced a hundred dollar less as the company seeks to fend off competition.
more
Posted on Oct 02, 2020 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) has unveiled a new identification system that scans the hands' palm to identify people. Amazon One is the new system being configured to be expended beyond payments.
more
Posted on Oct 01, 2020 by Anne Perry
U.S CASINO GIANT Caesars has moved to strengthen its gambling empire by acquiring U.K gambling giant William Hill. The company is paying $3.7 billion to gain access to William hill assets and operations.
more
Posted on Oct 01, 2020 by Anne Perry
Walmart Inc. (NYSE:WMT) is redesigning its retail outlets as it looks to enhance shopping experience amid the COVID-19 pandemic. The new design will feature in more than 90 stores before the end of the year and 1000 by the end of next fiscal year.
more
Posted on Oct 01, 2020 by Anne Perry
Facebook Inc. (NASDAQ:FB) has once again tightened the grip on the kind of ads that can be aired on its flagship networking app. The company has banned the airing of ads that claim victory. It will also not air any political ads, seven days to the election.
more
Posted on Sep 30, 2020 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) is at pains to defend continued automation of fulfillment centers to enhance sorting of items. A surge in work-related injuries some serious is a point of concern.
more
Posted on Sep 30, 2020 by Anne Perry
NVIDIA Corporation (NASDAQ:NVDA) has inked a strategic partnership that will integrate VMware software in its AI chips. The partnership should help enhance the company's data center powering ambitions.
more
Posted on Sep 30, 2020 by Anne Perry
Ford Motor Company (NYSE:F) has trimmed prices of its much-awaited Ford Mustang. The discount is part of the company's push to weather stiff competition from other EV players.
more
Posted on Sep 29, 2020 by Anne Perry
Roku Inc (NASDAQ:ROKU) recently unveiled its Roku speakers but the reveal highlights a strategy that the company has been working on. It involves taking more control of the home entertainment segment.
more
Posted on Sep 29, 2020 by Anne Perry
The airline industry has kicked off this week on an upbeat mood after the introduction of a bill that seeks for the government to provide a stimulus package for the airline industry.
more
Posted on Sep 29, 2020 by Anne Perry
Uber Technologies Inc (NYSE:UBER) secures a new license to resume its operations in London after a judicial ruling decided that it has implemented the right measures to protect users.
more
Posted on Sep 25, 2020 by Anne Perry
Tesla Inc (NASDAQ:TSLA) and Nikola continue to battle it out over patent rights to the truck design and Tesla's latest counterclaim seeks to challenge the legitimacy of the patent.
more
Posted on Sep 25, 2020 by Anne Perry
Posted on Sep 25, 2020 by Anne Perry
Apple Inc. (NASDAQ:AAPL) and Google’s unfavorable app policies have forced developers to forge a coalition through which they will form a non-profit app gallery, and it could be the move that Huawei needs to pull a fast one over its rivals.
more
Posted on Sep 25, 2020 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) has announced its new services, including Ring-branded services and, more excitedly, the rollout of its new online gaming service, which it believes has a lot of potential.
more
Posted on Sep 24, 2020 by Anne Perry
Tesla Inc (NASDAQ:TSLA) plans to target the mass market for affordable electric cars with the launch of a new electric vehicle that is priced very competitively with ICE mass-produced cars that are also affordably priced.
more
Posted on Sep 24, 2020 by Anne Perry
Johnson & Johnson (NYSE:JNJ) has announced the commencement of phase 3 clinical trials for its developmental COVID-19 vaccine which adds to the hope for a vaccine that can be rolled out in the next few months.
more
Posted on Sep 23, 2020 by Anne Perry
Posted on Sep 23, 2020 by Anne Perry
Posted on Sep 23, 2020 by Anne Perry
Posted on Sep 22, 2020 by Anne Perry
Posted on Sep 22, 2020 by Anne Perry
Posted on Sep 22, 2020 by Anne Perry
Roku Inc (NASDAQ:ROKU) finally adds NBC Universal’s Peacock streaming service after lengthy negotiations that had previously resulted in a stalemate due to revenue sharing disagreements.
more
Posted on Sep 21, 2020 by Anne Perry
Facebook, Inc. Common Stock (NASDAQ:FB) is once again facing accusations involving the wrongful acquisition of user data. This time the social media giant has been accused of using the collecting data from Instagram users through their phone cameras.
more
Posted on Sep 21, 2020 by Anne Perry
AstraZeneca plc (NYSE:AZN) is facing strong backlash from observers after its developmental coronavirus vaccine resulted in severe adverse effects in two patients. The company has been accused of withholding some of the clinical trial information.
more
Posted on Sep 18, 2020 by Anne Perry
Posted on Sep 18, 2020 by Anne Perry
Posted on Sep 18, 2020 by Anne Perry
Facebook Inc. (NASADQ:FB) has unveiled a new app, Facebook Business Suite, designed to make it easy for businesses to manage their profiles and pages on Instagram Messenger and WhatsApp from one platform.
more
Posted on Sep 17, 2020 by Anne Perry
Posted on Sep 17, 2020 by Anne Perry
Amazon.com, Inc. (NASDAQ:AMZN) recently rolled out a plan to take up more office space, hire more people, and now the company is planning to create warehouses within suburban areas to achieve more efficiency.
more
Posted on Sep 16, 2020 by Anne Perry
AT&T Inc. (NYSE:T) customers might soon get cheaper mobile plans but they might have to watch more ads for it to be possible.
more
Posted on Sep 16, 2020 by Anne Perry
AstraZeneca plc (NYSE:AZN) and Oxford had to temporarily halt their coronavirus vaccine trials after a subject suffered a severe reaction in the UK but the two have resumed the vaccine development activities.
more
Posted on Sep 16, 2020 by Anne Perry
Pfizer Inc. (NYSE: PFE) is one of the pharmaceutical companies that have been developing a COVID-19 vaccine to combat the ongoing pandemic. The company has been making progress that might see its vaccine in the market before the end of the year.
more
Posted on Sep 16, 2020 by Anne Perry
Alphabet Inc Class A (NASDAQ:GOOGL) is once again the center of controversy over anti-competitive or antitrust issues with the authorities due to its dominance over the digital advertising segment.
more
Posted on Sep 14, 2020 by Anne Perry
Microsoft Corporation (NASDAQ: MSFT) lost bid to partner with TikTok to rival software giant Oracle Corporation (NYSE: ORCL). The Trump administration argues that the app can be used to spy on U.S citizens or even collect personal data, thus posing a threat to national security. TikTok stated that its data centers are located outside China and that its data is not affected by Chinese laws.
more
Posted on Sep 14, 2020 by Anne Perry
NVIDIA Corporation (NASDAQ: NVDA) has been in the spotlight for the past two or so weeks for all the right reasons. First, it was the launch of its latest generation of extremely powerful GPUs and now it has been announced that the company has secured a deal to acquire popular chipmaker, ARM Holdings which is based in the UK.
more
Posted on Sep 11, 2020 by Anne Perry
Los Angeles based company Beyond Meat Inc (NASDAQ: BYND) is trudging on towards expanding into China even in times of caution and economic grind-halt such as now. The very lucrative opportunity to move into a large and as vast market as China was too good an opportunity to turn down. Beyond Meat are establishing two manufacturing plants that will be hitting the road in churning out products from as early as the beginning period of the coming year.
more
Posted on Sep 11, 2020 by Anne Perry
French luxury goods industry giant LVMH has stated that they will take legal action and sue Tiffany & Co, citing some unethical conduct in the proposed deal and poor management during pandemic throes. This comes a short while after Tiffany & Co had filed a lawsuit to sue the French conglomerate on the grounds of them stalling on the takeover deal, which went against their initial agreement. LVMH offered a press release statement on their official website concerning the matter.
more
Posted on Sep 09, 2020 by Anne Perry
Ciena Corporation (NASDAQ:CIEN) isn’t one of those surprisingly positive technology performance stories. But the world seems to have been expecting just that. Coming into the report several days ago,
the story was all about how Ciena, the telecom/networking equipment company, might be benefitting from higher demand for bandwidth as people work and learn from home. Ciena has talked about the fact that the pandemic has accelerated the flight to quality suppliers, like itself, with competitors short on scale,
supply chain, and balance sheet by comparison, leaving the company free to dominate the space.However, that story has changed dramatically for the worse. And the action in the stock shows the result,with shares getting torched in response.
more
Posted on Sep 08, 2020 by Anne Perry
Nikola investors were off to pleasant news on Tuesday after the company’s shares enjoyed a strong bullish rally in which they gained by more than 50%.
more
Posted on Sep 01, 2020 by Anne Perry
HP Inc (NYSE:HPQ) and its subsidiaries, late last week, announced fiscal 2020 third quarter net revenue of $14.3 billion, down 2.1% (down 0.2% in constant currency) from the prior-year period. While the company isn't entirely hitting all the notes, eLearning trends and the remote working dynamic driven by the pandemic health crisis are acting as much needed catalysts for HPQ in recent months. The printing segment, as expected, continues to be a drag, but HPQ's outlook for gradually improving results offers a glimmer of hope.
more
Posted on Jul 01, 2020 by StockEarnings Staff
KB Home (NYSE:KBH) reported strong gross margins. Unfortunately, nothing else reported could be called “strong”. It was a comprehensive disappointment. Orders plummeted. Cancellations took off. Both dynamics largely reflected “the Company's proactive efforts to assure a backlog of qualified home buyers amid the unprecedented nationwide economic and employment disruptions resulting from the pandemic". In other words, people were less inclined to make a major purchase, and of those to whom that statement doesn’t apply, the company was less likely to work with them without more assurances of qualified credit standing. However, the company also failed to execute relative to peers according to our analysis.
more
Posted on Jun 27, 2020 by Anne Perry
Nike Inc (NYSE:NKE) ) was a shot across the bow for anyone who thought everything was destined to work out a bit better than expected. But it still has the obvious “out” – hey, there’s a pandemic! The company missed estimates by a wide margin as most of its stores were closed down during the quarter. So, anything goes, and this can’t really be all that surprising. The one thing you can be sure of right now is this: no expectations come with strong conviction. No one knows, and everyone knows that. In any case, it will take a couple of quarters to tailor inventory levels to the context, but results also showed the underlying strength in 80% ecommerce growth driving a 30% mix factor, which will now target a 50% mix while stores are growing double digits in North America since mid-May.
more
Posted on Jun 24, 2020 by Anne Perry
Oracle Corporation(NYSE:ORCL)beat the number once again. It always does. However, an astute observer will note that the company failed to truly reignite the flame of top line growth once again. Sure, the company hammered EPS targets (which it has only failed to do once in the past 15 quarters), sales dropped over 6%, falling short of a lowered analyst bar of $10.72 billion. This dive in sales was the worst ORCL has seen since midway through 2015. However, as you may have guessed, the author of this chapter of the Oracle story was COVID-19.
more
Posted on Jun 17, 2020 by Anne Perry
Chewy Inc (NYSE:CHWY) traded to the downside despite hitting the wires earlier this week with a nice beat-the-number result, and guidance pop that didn't seem to be embedded in the expectations. One might chalk it up a bit to the “reopening” theme, as pure-play e-commerce opportunities start to give back a taste of their extraordinary gains during the pandemic lockdown. In this case, we have the premier pet food e-commerce idea in the market. That said, the stock priced in quite a shift in behavior, reopening may start to shift that behavior, and the topline performance may represent an exaggerated sense of demand due to forward-pull demand through hoarding.
more
Posted on Jun 11, 2020 by Anne Perry
Elastic NV (NYSE:ESTC) has been one of the strongest names in the market since the March broad index “crash” lows, with shares of the data solutions name advancing as much as 125% in the past 3 months. Q1 data hit the wires on Thursday, and the stock took a small hit, dropping about 7% in immediate reaction following a strong quarter with mixed in-line guidance and what one might see as a FY21 sandbag job, lowering the bard to 25% top-line growth (from 57% in FY20)
more
Posted on Jun 11, 2020 by Anne Perry
Slack Technologies Inc (NYSE:WORK) may, in a way, have suffered from what we saw out of Zoom (ZM) a few days earlier, as expectations were ratcheted up in preparation for another pandemic technology blow-out. But the report failed to measure up, and shares of WORK cratered.
more
Posted on Jun 07, 2020 by Anne Perry
Pinterest Inc (NYSE:PINS) appears to have blown it, according to analyst reactions to its Q1 data. The company missed on the bottom line and came in around expectations on the top line earlier this month. We wanted to revisit the report now because the stock represents an interesting internet business example that failed to excite folks looking for somewhere non-covid-19-affected to channel investment dollars… The company decelerated more meaningfully than peers to down 8% y/y in April. more
Posted on Jun 07, 2020 by Anne Perry
LYFT Inc (NASDAQ:LYFT) hit Q1 earnings earlier this month with expectations in check. The COVID-19 pandemic has decimated the ride-sharing industry, understandably. Being bottled up in a chamber with a stranger who may have had exposure to a range of unknown other individuals in close quarters in a small enclosed space is not something that sells during a pandemic crisis. That goes for both riders and drivers. So, the market was understandably expecting the worst-case scenario here. However, contrary to expectations, the country's second largest ride-sharing company blew out Q1 2020 forecasts, delivering surprisingly impressive results. But shares have failed to hold onto reaction gains.
more
Posted on Apr 22, 2020 by Anne Perry
IBM (NYSE:IBM) reported revenue down yr/yr and missed estimates for the sixth time in seven quarters. The company withdrew its outlook but maintained its dividend (5.4% yield), removing language about dividend growth. The company faces uncertainty with its Consulting business. In software, IBM warned of a pause among clients amid changing priorities as the crisis played out in March. On the positive side, the company is committed to more M&A. more
Posted on Apr 22, 2020 by Anne Perry
Citigroup Inc (NYSE:C) has done a fantastic job, along with other major banks, at providing insight into their books during a remarkably difficult period for banking. The environment is impossible from a visibility standpoint, and Q1 data isn’t the driving issue that will define asset prices. So, the earnings report from a major bank right now is just about understanding to what extent they can provide credit in a temporarily collapsing economic context. more
Posted on Apr 22, 2020 by Anne Perry
Intuitive Surgical, Inc. (NASDAQ:ISRG) is likely to be one of the rare positive surprises for earnings data this quarter, beating on the top and bottom lines. But it is also an example of strong execution in an increasingly difficult context. The coronavirus has hit hard here because no one wants to be anywhere near a hospital right now unless they absolutely have to be. And procedures that aren’t emergencies are going to be put off until the ICU base of the developed world isn’t overrun with COVID-19 cases. But this will eventually translate into a pent-up demand driver for the company. more
Posted on Apr 08, 2020 by StockEarnings Staff
Levi Strauss & Co. (NYSE:LEVI) hit the wires on Tuesday afternoon following the closing bell with the company's Q1 report card. The company reported a clear beat, with earnings of $0.40 per share, $0.05 better than the S&P Capital IQ Consensus of $0.35 on revenues growth of 4.9% year/year to $1.51 bln (which was versus the $1.46 bln S&P Capital IQ Consensus). Note, this was a quarter that closed for the company in February, so it was largely not impacted by the COVID-19 outbreak in the US and EU, and did include 2019 Black Friday and holiday season sales. more
Posted on Apr 05, 2020 by StockEarnings Staff
Lululemon Athletica Inc (NASDAQ:LULU) right now is a pretty similar story to Nike (NKE) in the big picture. Growth is going to take a hit, but it represents a branding story that can actually strengthen through the fire of this contraction due to a strong online business and undeniable brand loyalty that translates into premium pricing. more
Posted on Mar 28, 2020 by StockEarnings Staff
Nike Inc (NYSE:NKE) ripped higher after reporting Q3 (Feb) earnings this week that were much better than some feared. Rivals Adidas (ADDYY) and Puma both recently reported sharp declines in China. While Nike saw a big drop in sales in China, it was able to navigate the downturn better than expected, which is helping the stock jump higher. Nearly 80% of stores in China have now reopened, including its first store in the Wuhan area, which was ground zero for the outbreak. Nike said on the call it's seeing the other side in terms of the crisis in China. more
Posted on Mar 24, 2020 by StockEarnings Staff
Crowdstrike Holdings Inc (NASDAQ:CRWD) boomed higher to close out last week with an earnings performance that may well change the narrative on this stock. It may start to be lumped in with that special group of stocks (WMT, ZM, AMZN, etc) that for one reason or another are deemed “pandemic-proof”. Web security clearly now has become essential, not discretionary. Remote collaboration during this period brings about more vulnerable endpoints that demand protection. CRWD launched a suite of new tools for working from home that are free to use as well. One big sign that boosts this overall view is the company’s willingness to give precisely stated guidance. more
Posted on Mar 19, 2020 by StockEarnings Staff
Mongodb Inc (NASDAQ:MDB) reported another strong quarter on Tuesday afternoon, which was boosted by a large deal. Growth has slowed dramatically over the last year (+49% in Q4 vs. +85% growth peak in the fourth quarter of the prior year) but the company has now lapped a headwind from mLab customers in the Atlas business (which still grew 80% to a 40% mix). But the FY 2021 story is a sandbag in the air. more
Posted on Mar 19, 2020 by StockEarnings Staff
Given all the crashing action we have been seeing, you might be surprised to learn that Oracle Corporation (NYSE:ORCL) once again beat the number last Thursday evening, when the company posted its Q3 numbers for the world to see, reporting and EPS beat ($0.97 vs. $0.96), ORCL has now topped or matched the Street's earnings expectations for fourteen straight quarters. But the real surprise was the beat on the top line ($9.8 bln vs. $9.75 bln) after coming up short in the two preceding quarters.
more
Posted on Mar 17, 2020 by StockEarnings Staff
Vail Resorts, Inc. (NYSE:MTN)new link put out fiscal Q2 results on Monday afternoon, with inline results and no guidance. This last point is the important part: the fact that the company withdrew any attempt at predicting the near-term future tells you all you need to know about what they are seeing as the coronavirus takes a firm hold on consumer behavior in the US. more
Posted on Mar 07, 2020 by StockEarnings Staff
The Beyond Meat(NASDAQ:BYND) bubble is deflating again after a strong quarter and in-linerevenue guidance. The valuation on this stock above $100 did not seemsustainable for a low margin and competitive business. Now, the syntheticchickens are coming home to roost.
more
Posted on Mar 07, 2020 by StockEarnings Staff
Trade Desk Inc (NASDAQ:TTD) topped consensus for Q4 EPS and revs (+35% yr/yr to $215.94 mln) and issued upside revenue guidance for Q1 and FY20 on Thursday. Spend on company’s platform topped $1 bln for Q4, which it identified as the first time that it had ever crossed that threshold in a single quarter. Management expects gross spend on its platform to accelerate yr/yr to at least $4.24 bln.
more
Posted on Feb 29, 2020 by StockEarnings Staff
It was another blow out quarter from Guardant (GH). FY20 revs were guided above estimates, but conservatively in our view. However, the stock suffered in reaction from a combination of a larger-than-expected net loss and very difficult market conditions. more
Posted on Feb 20, 2020 by StockEarnings Staff
The big point here is that the strong Q4 and strong top-line guide was expected because of the Disney+ tailwind in effect. What wasn’t expected was the company’s EBITDA warning, which is really about higher than expected investments in incremental gross profit expansion through pushing for more security in market share. In other words, it’s becoming a little more expensive to maintain its place in the streaming market pecking order. more
Posted on Feb 09, 2020 by StockEarnings Staff
The big picture narrative, as we see it for TSLA right now, is as follows: the stock was a darling for big shorts up until mid-2019 because it hadn’t figured out the puzzle of matching up margins and scalability in its signature niche. And lots of really smart well-capitalized folks (Jim Chanos, David Einhorn, etc) believed that this puzzle was impossible to solve. And they placed massive bets against the stock on that thesis. more