Coinbase Global went public in 2021, with a debut valuation of a snappy $85 billion. This year hasn’t been exactly bountiful for the U.S.-based online crypto broker, with rising interest rates hitting...
Tag: Earnings
Avocado prices are plunging, sending Mission Produce stock toward its worst day ever
Mission Produce Inc. shares headed for their worst day yet on Friday, following an earnings report that showed the effects of rapidly declining avocado prices. Mission Produce AVO, -15.20% reported a ...
Micron’s recovery from ‘worst memory downturn in 13 years’ will take time, analyst says
Micron Technology Inc.’s results and outlook show the memory-chip market is probably at its worst downturn in 13 years and analysts expect the bounce back may take a while. Late Wednesday, Micron MU, ...
Carnival stock is suffering its worst year on record, but looks ‘overly compelling’ to this analyst
Shares of Carnival Corp. have had a really bad year, even worse than the pandemic year of 2020. And that’s what makes Stifel Nicolaus analyst Steven Wieczynski believe the stock is now “overly compell...
Tesla stock suffers longest losing streak since March 2020 after Wedbush slashes price target by 30%
Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand cracks” for the fourth q...
Stocks remain overpriced, even vs. the dot-com bubble. But you can still find good picks in these 2 sectors.
After stocks surged to their best gains in three weeks following strong consumer sentiment data, Thursday is looking less spirited with stocks in the red as we close in on the long Christmas weekend. ...
Micron sales could dive more than 50%, and more belt-tightening is expected before outlook improves
Micron Technology Inc.’s revenue declines could worsen to more than 50% before inventory-saturated customers work though that product and boost sales in the second half of 2023, but before then the me...
Investor Daniel Loeb Unleashes Criticism of Ark’s Cathie Wood
Star investor Daniel Loeb, chief executive of Third Point, is none too impressed with his counterpart Cathie Wood, chief executive of Ark Investment Management. Ark’s exchange-traded funds (ETFs) have...
Under Armour, Micron Technology and more
Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Micron Technology — The semiconductor stock slumped about 2% ...
Survey shows a Costco membership hike would face little resistance
Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Investing Club holding Costco (COST). The survey says … According to a...
BlackBerry’s third quarter tops Wall Street’s earnings expectations
Cybersecurity and Internet-of-Things company BlackBerry Ltd. late Tuesday reported quarterly results that topped Wall Street expectations, although shares did little in after-hours trading. BlackBerry...
Nike (NKE) Q2 earnings 2023
Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile...
FedEx (FDX) earnings Q2 2023
FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and clos...
The world’s top stock strategist says an ‘earnings recession’ is coming for markets—and it could be similar to what happened during the 2008 financial crisis
In bear markets, stocks don’t typically fall in a straight line. Over the past 50 years, even in the worst financial crises of the modern era, brief rallies have occurred 6.5 times on average per bear...
Nike stock up 12% on Q2 earnings: should you buy?
Shares of Nike Inc (NYSE: NKE) are up 10% in extended trading after the sports shoes and apparel company reported strong results for its second financial quarter. Analyst reacts to Nike’s earnings pri...
Apple Christmas iPhone Sales Will Take Supply Chain Hit -JPMorgan
Apple (AAPL) – Get Free Report shares were active in pre-market trading Tuesday following a price target cut from analysts at JPMorgan and a muted holiday sales outlook. JPMorgan analyst Samik ...
General Mills, Steelcase, Lucid and more
Take a look at some of the biggest movers in the premarket: General Mills (GIS) – General Mills reported better-than-expected profit and revenue for its latest quarter, and it raised its full-year for...
FedEx and Nike earnings will hold vital hints on holiday-shopping strength
After investors raced for the exits following their last earnings reports, package-deliverer FedEx Corp. and athletic-gear maker Nike Inc. will try it again. And they’ll offer important reads on deman...
Royal Caribbean Stock Could Rise 35%. How It Beat Other Cruise Lines With its Recovery.
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
ADM Stock Sees Earnings Soar As Demand Remains Robust
Archer-Daniels-Midland (ADM) is back in the IBD Big Cap 20. ADM stock is one to closely watch as it consolidates in a flat base below a 98.38 buy point. X ADM — headquartered in Chicago — is a food pr...
Origin Launches Yield Earnings for OUSD Stablecoin Holders
The interesting thing about the OUSD V2 offering is that the tokens are not locked up and the earnings are not subjected to any form of fees. Origin Protocol, a Web 3.0 infrastructure and innovative p...
Cheap? Maybe. But These Stocks Have Been Dead Money for Decades.
Cheesecake Factory appears to be “running the same play,” wrote J.P. Morgan analyst John Ivankoe in a recent restaurant industry outlook. I don’t think he meant it as a compliment—the stock, he noted,...