by Leslie N. Masonson, MBA This is the third part of a series on ETF Momentum investing with the last two articles published on this blog on November 11 and 18, respectively. The first article was an introduction to ETF momentum investing, while the second article provided ETF multi-year performance over four time periods. [...]
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 [...]
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 [...]
by Leslie N. Masonson, MBA The previous article provided an introduction to momentum investing. The key question on investors’ minds is how well have momentum ETFs performed since their inception, compared to common benchmarks. Initially, a handful of these ETF came to market in 2005-2006, and then many more joined the category. I used [...]
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 [...]
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 [...]
