It was a bad start to the week for a big chunk of Spotify’s (SPOT) workforce after the company announced Monday morning that 17% of jobs would be cut. CEO Daniel Ek didn’t mince words, admitting that many smart, talented, and hardworking individuals would be let go. This is now the third round of [...]
HCI Group Inc. Powers Higher, But Is Below Its 2021 All-Time High of $139.80: Can It Make It Back There?
By Leslie N. Masonson, MBA HCI Group, Inc. (NYSE:HCI), was incorporated in 2006 in Tampa, Florida where it is currently headquartered. It has $507 million in annual sales and a market capitalization of $737 million with 578 full-time employees. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI [...]
Shares of Marvell Technology (MRVL) have made a solid rally so far this year by capitalizing on AI hype. However, it appears as if the semiconductor manufacturer may have overestimated its ability to take advantage of the technology. Or, at the very least, its timeline to seeing profits. Marvell reported its third-quarter earnings alongside [...]
Salesforce (CRM) delivered impressive third quarter earnings along with an upbeat profit forecast for the remainder of the year, sending shares 9% higher Thursday morning. They’ve since settled around 6%. The company saw earnings improve 51% year over year to $2.11 per share, narrowly beating the consensus of $2.06 per share. Revenue grew as [...]
Petco Health & Wellness Co. (WOOF) is down more than 25% in Wednesday morning trading after delivering 3rd quarter earnings that featured a surprise loss. The pet supply store reported total sales of $1.49 billion, which came in just below the consensus of $1.51 billion. This was also a 0.5% drop year over year, [...]
Temu parent company PDD Holdings (PDD) reported third-quarter earnings that came in well above what analysts were expecting, sending shares more than 18% higher Tuesday morning. The Chinese holding company is known primarily for its fast-fashion brand Temu, which is quickly becoming a household name. It’s previously been compared to Shein, a foreign discount [...]
Foot Locker (FL) started Monday morning on the wrong side of the bed falling nearly 5% in pre-market trading. Since the bell sounded though, the stock has recovered those losses and settled around a 1% loss. All this came after Citi Bank downgraded the stock to a sell. Analyst Paul Lejuez believes the stock [...]
Amphastar Pharmaceuticals, Inc. Powers Higher Towards Its August 9 All-Time High: Jump in Right Now?
By Leslie N. Masonson, MBA Amphastar Pharmaceuticals Inc. (NASDAQ:AMPH), is a bio-pharmaceutical firm, that develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products to its customers in the United States, China, and France. The company was incorporated in 1996 in Rancho Cucamonga, California where it is currently headquartered. It has [...]
Shares of iRobot (IRBT) are up more than 39% Friday morning as rumors are gaining traction that Amazon will gain approval in the EU to take over the company. This is something that the world’s largest e-commerce giant has been working on for a while, as the deal was first announced back in August [...]
Deere & Co Falls 6% After Sharing Disappointing Outlook, But It’s Not Time to Sell DE Stock Just Yet
Shares of Deere & Co (DE) are trading more than 6% lower Wednesday morning after the company reported fiscal 4th quarter results accompanied by a weak full-year outlook for 2024. The manufacturer of agricultural, construction, and turf equipment did perform well to finish off fiscal 2023, though. Sales may have fallen nearly 1% but [...]