Topline Shares of the nation’s largest retailer, Walmart, surged over 5% on Tuesday after the company reported revenue and profits that came in above Wall Street expectations, while management also ci...
Tag: Earnings
Home Depot Earnings Top, Guidance Reaffirmed As Inventories Swell
Home Depot (HD) topped second-quarter earnings early Tuesday and reaffirmed guidance, even as unsold inventory stacks up. Lowe’s (LOW) is on tap Wednesday, with the home improvement retail gian...
Home Depot, Walmart, Masimo and more
Check out the companies making headlines before the bell: Home Depot (HD) – Home Depot reported a quarterly profit of $5.05 per share, 11 cents above estimates, with revenue and comparable store sales...
Home Depot Blasts Q2 Profit Forecasts Amid Home Improvement Surge
Updated at 6:25 am EST Home Depot (HD) posted better-than-expected second quarter earnings Tuesday, while reiterating its full-year profit forecast, as the retailer saw an unexpected surge in home i...
Bitcoin miner Bitfarms reports $142 million second-quarter net loss
Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter, down from a net income of $5 million last quarter. The company also increased its hash rate by 33% during the quarter to...
Dow Jones Futures Fall: Fed Minutes, Home Depot, Walmart Earnings Up Next
Dow Jones futures were lower after Monday’s stock market action. Dow Jones stocks Home Depot (HD) and Walmart (WMT) will report ahead of Tuesday’s open followed by key economic data — Fed ...
Lithium Stocks Keep Running, With SQM Earnings On Deck
Lithium stocks continued their recent hot streak early Monday, fueled by continued pricing strength for the indispensable EV battery metal and passage of the Inflation Reduction Act, with a long-term ...
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
Expert picks a side ahead of retail earnings
Walmart Inc (NYSE: WMT) is a better pick for an economic downturn that’s coming than its peer Target Corporation (NYSE: TGT), says Steph Wissink. She’s a Managing Director at Jefferies. Wissink defend...
Ready to cash out some gains on this stock market run? An exit path is about to emerge, says this strategist
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s econ...
Persimmon share price pressured ahead of earnings. Is it a buy?
Persimmon (LON: PSN) share price has been in a strong bearish trend in the past few months as concerns about the UK housing market continue. The shares have crashed to a low of 1,849p, which is about ...
Anshu Jain, Who Helped Make Deutsche Bank a Trading Powerhouse, Dies
Anshu Jain, a veteran investment banker who led Deutsche Bank AG during a tumultuous time in the German lender’s history, has died. He was 59. Mr. Jain has been credited with helping build Deutsche Ba...
Gannett, America’s Largest Newspaper Chain, Lays Off Journalists After Dismal Earnings Report
In a late-Friday move Gannett, the nation’s largest newspaper chain, executed layoffs at outlets across the country. While no official tally was available, journalists at the Athens (Georgia) Banner-H...
Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
House passes Inflation Reduction Act: What Democrats’ bill does for climate, drug prices and taxes
Democrats’ Inflation Reduction Act passed the House of Representatives in a 220-207 vote on Friday after clearing the Senate last weekend, and with it, some big changes could be coming to key sectors ...
Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’
Stronghold Digital Mining pushed back its second-quarter earnings conference call from this afternoon to August 15, the company said on Thursday in a press release. It is now the second mining company...
Stocks Could Keep Rising If the Fed Shows Restraint
Text size As the market rebounds, speculative stocks are stirring. For proof, consider Cathie Wood’s ARK Innovation ETF, up about 40% since mid-June. David Swanson/Reuters/Alamy What bear market? Stoc...
It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.
Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its...
Core Scientific beats on revenue, posts net loss in second quarter
Core Scientific posted an $862 million net loss in the second quarter, the bulk of which was due to an $840 million goodwill impairment charge and a $150.2 million impairment on digital assets. The b...
10 Companies That Would Pay More Taxes Under Inflation Reduction Act
Text size Packages ready to be sent at an Amazon center. Thomas Samson/AFP via Getty Images Some major companies, including Tesla and Amazon . com, are likely to face higher tax bills under the $750 b...
9 Chip Stocks That Look Like Buys
Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling t...
U.S. Home Prices Jumped to Record High in Second Quarter
Home prices continued to climb across nearly all the U.S. in the second quarter, when buyer demand started to fade due to higher mortgage rates but still exceeded the housing market’s unusually low su...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Rivian shares rise on second-quarter results: ‘The ball is finally rolling’ for the EV maker, says analyst
Shares of Rivian Automotive Inc. RIVN, -0.13% gained more than 3% in morning trading Friday, as analysts were generally upbeat about the electric vehicle maker’s second-quarter results. Late Thursday,...