After reporting Q3 earnings that exceeded expectations, Macy’s (M) stock climbed over 11% as of 11 AM EST Thursday morning. If you’re evaluating the stock and considering whether there’s an opportunity for trading here, we’ve got two things you need to see first. Before we unveil our findings, let’s look at what happened in [...]
This morning, Restaurant Brands International (QSR) appointed a new executive chairman - Patrick Doyle, the former CEO of Domino’s Pizza. The company owns an array of restaurant chains around the world - including Canadian favorite Tim Hortons, along with popular US chains like Burger King, Popeyes, and recently, Firehouse Subs. And as a result [...]
Chinese company Tencent Music Entertainment (TME) enjoyed a nice 26% jump during this morning’s trading session. As of about 12 PM EST, the stock sits at $5.66 - the highest it’s climbed since March of this year. This is the reversal investors have been waiting for, as the company sits about 35% lower than [...]
One of the world’s most popular toy and game makers is taking a serious hit during Monday trading - following up on last week’s volatility. So far this morning the stock has dropped 8% lower than it opened. This comes as one analyst at Bank of America performed a deep dive into the company’s [...]
Doximity - a company that has been referred to as the “LinkedIn of medical professionals” is up over 25% so far today. The social networking site allows doctors to connect with patients for evaluations and check-ins, network with peers, stay up to date on news and research, and more. What happened that resulted in [...]
It’s been an interesting few days for Redfin - a company that offers real estate brokerage services. Yesterday, the firm released a haunting notice that 13% of its workforce would be laid off amidst a slow housing market. The company has decided to pull the plug on their iBuyer program - RedfinNow, a segment that [...]
The crypto world is in a tumultuous state after yesterday’s news of Binance and FTX signing a deal to merge. This merger will result in Binance taking over FTX’s non-US unit at a time when FTX struggles with liquidity. Crypto as a whole is down - including Bitcoin. But today, we’re here to talk [...]
Late last week, The Hershey Company (HSY), an American multinational, reported not only a 13% sales increase for the third quarter, but also a projected 20 to 22% earnings growth for all of 2022. This is the result of increased demand for its well-known products including M&M’s, Kisses, Almond Joy, Skinny Pop Popcorn, Hershey’s [...]
The world’s largest hydroponic provider (GRWG) got a nice bump today after a 3rd quarter earnings report that featured overperformance in multiple categories. The company - GrowGeneration, commonly referred to as just GrowGen - has 58 different locations across 15 different states. It’s up 38% so far - but what exactly happened to cause [...]
Early this morning news of Wells Fargo downgrading Costco hit the digital world. Investors responded by selling off company shares, resulting in a 2% loss as of 11 am EST. What exactly did Wells Fargo see that resulted in this downgrade, and what should you do next as an investor? We’ll cover all this and [...]
