Wednesday, November 6, 2024
ZNGA posted a first quarter loss of $103.9 million, or 11 cents a share, as compared with a year-earlier loss of $128.8 million, or 14 cents. Revenue rocketed 52% higher to $403.8 million from $265.4 million year over year. Analysts were only looking for a loss of a penny a share on sales of $389 […]
The pandemic-triggered stock market selloff has been incredibly tough on income investors, and the dividend-paying stocks they like to own. In the current market, investors have been drawn to big-name companies whose business was uninterrupted by the crisis. This group pays small or no dividends. Several factors have kept dividend-paying stocks down, but that means […]
The stock market’s daily movement has begun to normalize, at least compared to March. The major stock indexes are moving about 2% per day on average, significantly higher than what we’ve become used to. Keep in mind: it’s far more typical to see daily moves of 1% or less. Of course, a market crash will […]
The Rules for the Global Economy Have Changed Did you hear who’s doing a brisk business thanks to the coronavirus pandemic? I don’t mean Amazon, Walmart, or Zoom, even though they’ve all seen big benefits thanks to social distancing and stay-at-home orders. Instead, I’m talking about a product much closer to my heart. Eggo Waffles! […]
“We are pleased to report revenue of $205.5 million in the first quarter of 2020, along with an all-time record for gross margin, despite COVID-19. Our first quarter revenue increased 105% year-over-year. We shipped approximately 643 megawatts DC, or 2,012,476 microinverters, as our worldwide teams did an excellent job of ensuring product availability and on-time customer deliveries,” reported […]
The U.S. economy remains mostly shut down to combat the spread of COVID-19. Only history will tell if the politicians got it right. One thing we know is that the shutdown did produce a stock market crash. The challenge now is to find investments that will provide superior returns in what will become the new […]
When Stanley Black & Decker (SWK) reported earnings last week, CEO Jame M. Loree chose an unusual way to begin his earnings call remarks. Mr. Loree read a quote from the company’s recent shareholder letter, about a military college’s description of the atmosphere at the beginning of the post-Cold War era. As Mr. Loree said, […]
Amazon (AMZN) reported earnings this past week and beat on revenues but missed on the bottom line. Revenues were higher than expected with so many people ordering products online, but the company had higher costs due to changes made necessary by the pandemic. While AMZN has an uncertain outlook for the remainder of the year […]
Fate Therapeutics (FATE) is still seeing a good deal of momentum. Over the last few days, FATE announced the presentation of a new off-the-shelf, iPSC-derived, chimeric antigen receptor (CAR)-targeted cell-based cancer immunotherapy program at the American Society of Gene & Cell Therapy (ASGCT) 23rd Annual Meeting. The new preclinical program targets MHC class I related […]
The financial world had quite a shock last week when crude oil prices dropped into negative territory for the first time. While the price of the front-month oil futures contract is no longer negative, it’s still trading at just over $13 per barrel. With the exception of last week, the price hasn’t been that low […]
