Hertz is Sinking as New CFO and COO Are Already Jumping Ship: Should Investors Cut Losses Too?
Hertz Global Holdings Inc. (HTZ) fell more than 7% yesterday after announcing that two key executives - who spent as little as 6 months with the company - were resigning. This follows the resignation of its CEO just a few months back after the car rental company struggled to gain footing in its new EV strategy. CFO Alexandra Brooks [...]
ARE YOU A CONSERVATIVE INVESTOR?
Written by: Angela Akers If you want to be a successful investor, you must know what your investment style is. If you want to be a successful investor that finds investing easy, you should buy stocks that are consistent with that style. As a reminder, the VectorVest Investment Matrix is talked about in great detail in Chapter 12 of [...]
Is it Time to Buy Chewy After the Company Delivers on Q1 Earnings? 3 Things for Investors to Consider
Online pet product retailer Chewy Inc. (CHWY) skyrocketed 30% last week after reporting an impressive first-quarter performance on both the top and bottom lines. The company’s sales were up 3% to $2.88 billion, driven in part by growth in auto-ship orders of 6%. Meanwhile, improvements in net sales per active customer of 10% suggest that customers are spending more [...]
Weekly Market Recap: Mixed Results for Major Indices as Investors Await Key Economic Data
Monday: Mixed Start The week started quietly as investors anticipated key economic data due later in the week. Market activity was relatively subdued with minor movements in the major indices. The anticipation set the tone for a cautious trading environment. Tuesday: Rising Treasury Yields Weigh on Market With key economic data due out at the end of the week [...]
Gap’s Upbeat Earnings Send Shares 26% Higher and 3 Other Reasons to Buy GPS Today
Gap Inc. (GPS) delivered an impressive Q1 performance, beating the analyst consensus on both the top and bottom lines. The stock has climbed 26% so far in Friday’s trading session in response. Sales grew 3% to $3.4 billion in the first quarter, driven in part by stronger sales in the Old Navy brand. Analysts were expecting $3.29 billion in [...]
Salesforce Earnings Send the Stock Plummeting 20%: Time to Cut Losses if You Haven’t Already?
Salesforce.com (CRM) is at risk of taking on its biggest single-day loss since August of 2008 today. The company’s Q1 earnings sent shares down more than 20% Thursday morning as the software industry continues to get battered and bruised. Fiscal first-quarter revenue came in at $9.13 billion, which was slightly below the FactSet consensus of $9.15 billion but still [...]
