ETF Momentum Investing – Part 3 Top Performers
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. This article focuses on the [...]
Marvell Technology Drops 6% on Downtrodden Earnings & Guidance: 3 Things You Need to See
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 a fourth-quarter guidance that left [...]
Salesforce Gains 6% on Upbeat Earnings and Full-Year Forecast: 3 Reasons to Buy This Stock
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 well, with the $8.72 billion [...]
Petco Plummets After 3rd Quarter Loss and Dreary Outlook: 3 Reasons It’s Time to Sell WOOF
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, while the company was initially [...]
Is it Time to Buy PDD After Third-Quarter Earnings Send Shares 18% Higher? 3 Things to Consider…
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 clothing retailer that’s also taken [...]
Citi Bank Says It’s Time to SELL Foot Locker, But VectorVest Paints a Different Picture For FL…
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 is positioned to underperform in [...]
