Earlier this week, Walgreens (WBA) warned investors that profits would take a dive from previous estimates as a result of weakened consumer spending and dwindling demand for COVID-19 vaccinations. As a result, shares dropped more than 9% this week - now reaching their lowest levels in over a decade. CEO Rosalind Brewer noted that [...]
Shares of Airbnb (ABNB) had been climbing steadily over the past month - up nearly 15%. That is, until a viral tweet stirred fear over a dramatic drop in Airbnb revenue. Today, the stock is down nearly 3%. What happened? On Tuesday evening, Reventure Consulting CEO Nick Geril pointed out a steep drop-off in [...]
Gaming software developer Unity (U) saw its shares rise more than 15% yesterday in Tuesday’s trading session. And so far today on Wednesday, shares picked up where they left off - up another 3%. This all comes from an announcement that the company is claiming its stake in the AI landscape with a revolutionary [...]
by Leslie N. Masonson, MBA My ETF post of June 12 compared the key differences between mutual funds and ETFs. One of the primary ETF differences was the lower expense ratios. This ratio is an annual fee charged to cover an ETF’s operational expenses, as well as the management and administrative costs. It is [...]
At one point, Canopy Growth (CGC) was valued at $19 billion. The stock traded at over $50/share at its peak. But today? It sits at a mere $0.49/share. And as dramatic a fall from grace as this story already is, one analyst expects the true end is near. Benchmark analyst Mike Hickey believes Canopy [...]
by Leslie N. Masonson, MBA Eagle Materials, Inc. (EXP:NYSE), headquartered in Dallas, Texas and founded in 1963 maintains a 2,400 person workforce. Formerly, the company’s name was Centex Construction Products, Inc. with a change to the current moniker in 2014. EXP manufactures heavy construction materials and light building products. Its four main operating specialties [...]
While much of the recent focus within the stock market has been placed on the AI trend, one stock in the pharmaceutical industry has been on a surge so far this year: Eli Lilly (LLY). The stock sat at just $311/share at the start of March. And today, the stock sits at $452/share. But, [...]
According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, [...]
FedEx (FDX) reported fiscal 4th quarter earnings on Tuesday, and while there were some positive highlights, much of the report was negative. As a result, shares fell more than 5% in extended trading. This was the company’s third consecutive quarter in a row of declining revenue, as sales fell more than 10% to just [...]
The tech giant Intel (INTC) had a rocky Tuesday trading session, with its shares dipping by 3.8% to close at $35 each, thus making them the leading factor pulling the Dow Jones Industrial Average down. So far in Wednesday’s session, we’re seeing much of the same - as the stock is down more than [...]
