Shares of Shopify Inc. SHOP, +1.27% fell 0.7% in premarket trading Wednesday, to pull back from the previous session's record close, after the ecommerce platform company reported fourth-quarter profit and revenue that rose sharply to beat expectations, but said it expects more "normalized" growth in 2021.
Shares of Hilton Worldwide Holdings Inc. dropped 2.3% in premarket trading Wednesday, after the hotel operator reported a surprise fourth-quarter loss and revenue that fell more than forecast, as the rise in COVID-19 cases and tightening travel restrictions disrupted the positive momentum seen in the summer and fall.
Starbucks Corp. stock edged up in Monday trading, putting them on track to snap a five-say losing streak, after Chinese competitor Luckin Coffee Inc. moved forward with its chapter 15 bankruptcy filing. Starbucks shares were up 0.8% in midday trading, and have gained 9.7% for the month to date after declining 9.5% in January.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.'
Wall Street will return from a three-day weekend to earnings reports from some key retailers and service providers. Here's a look at what to expect from five of the most notable names providing financial updates.
TheStreetFinance chiefs are fine-tuning the way they draft their annual spending plans, opting for more frequent check-ins to review and authorize costs throughout the year after the coronavirus pandemic rendered their 2020 budgets virtually obsolete. The pandemic revealed shortfalls in companies' financial planning last year after government lockdowns aimed at curbing the spread of Covid-19 upended revenue projections and forced companies to rescind guidance.
The Wall Street JournalShares of S&P Global Inc. inched 0.02% higher to $339.45 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.47% to 3,934.83 and the Dow Jones Industrial Average rising 0.09% to 31,458.40. This was the stock's fifth consecutive day of gains.
Marijuana stocks are riding a wave of renewed interest following months of positive political developments. They have also drawn the attention of some of the same retail traders on Reddit's WallStreetBets forum that rode 's stock to ridiculous levels before it fell back toward Earth.
The Dow Jones Industrial Average is flat Friday afternoon with shares of Intel and JPMorgan Chase seeing positive growth for the index. The Dow is trading at 31,431, unchanged from yesterday's close. Intel's shares have gained $0.96 (1.6%) while those of JPMorgan Chase have risen $1.90 (1.4%), combining for an approximately 19-point boost for the Dow.
Here is a list of stocks with an above 10% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option? Seattle Genetics, Inc., a biotechnology company, develops and commercializes therapies for the treatment of cancer in the United States and internationally.
Via News AgencyStock futures pointed to a lower start for Wall Street on Friday after the S&P 500 and Nasdaq closed at record highs. Here are some of the top movers during premarket trading on Friday. HubSpot ended the fourth quarter with 103,994 customers. Subscribers to Disney+ rose to 94.9 million in the period, topping analysts' forecasts.
TheStreetAffirm Holdings Inc. topped revenue expectations for its latest quarter and issued an upbeat forecast, but shares slipped in after-hours trading Thursday. The company, which allows people to split purchases into installments, generated a fiscal second-quarter net loss of $31.6 million, or 45 cents a share, compared with $31 million, or 92 cents a share, in the year-earlier quarter.
Check out the companies making headlines after the bell: Disney - Shares of Disney jumped 3% after the company reported strong growth in paid streaming subscribers and crushed expectations in its earnings report for its fiscal first quarter of 2021. Disney said it now has almost 95 million paid subscribers on its Disney+ streaming service.
By Sabela Ojea ING Groep NV reported earnings for the fourth quarter of 2020 on Friday. Here is what you need to know: NET PROFIT REVIEW: ING reported a net profit of 727 million euros ($882.1 million) for the fourth quarter of 2020, from EUR880 million for the year-earlier period.
Shares of Moody's Corp. gained 0.5% in premarket trading Friday, after the risk assessment company reported a fourth-quarter profit that missed expectations, but revenue that rose above forecasts while providing an upbeat outlook. Net income fell to $314 million, or $1.66 a share, from $359 million, or $1.88 a share, in the year-ago period.
Yeti Holdings shares were falling Thursday following a premarket jump, as the outdoor products maker beat Wall Street's fourth-quarter earnings estimates. Shares of the Austin, Tex. company were down 4. 7% to $74.33 at last check. The stock is up over 117% over the last 12 months.
TheStreetFutures for gold on Friday headed lower, but the precious metal was holding on to a slight weekly gain, as investors sold bullion at the end of the week amid a rise in U.S. government bond yields and a firming of the dollar.
Newell Brands Inc. shares slid 1.5% in premarket trade Friday, after the parent of brands including Sharpie, Papermate and Rubbermaid, beat earnings estimates for the fourth quarter but offered guidance that lagged consensus. The company posted net income of $127 million, or 30 cents a share, for the quarter, down from $794 million, or $1.87 a share, in the year-earlier period.
Shares of S&P Global Inc. rose 1.92% to $339.39 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.17% to 3,916.38 and the Dow Jones Industrial Average falling 0.02% to 31,430.70. This was the stock's fourth consecutive day of gains.
By Erich Schwartzel and Allison Prang Walt Disney Co. typically reports its first-quarter earnings with news of a Christmas Day blockbuster performance at the box office, or a holiday surge in theme-park attendance. On Thursday, however, the company again demonstrated how Covid-19 has brutalized its bottom line.
