The first half of 2024 has been rough for Lululemon Athletica (LULU), as the stock has fallen 40% in the past 6 months or so. However, the company delivered first-quarter earnings results that helped buoy the stock a bit - it regained 12% in the past week and is up 9% so far in [...]
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 [...]
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 [...]
Late yesterday afternoon American Airlines Group Inc. (AAL) updated its profit outlook for the current quarter, sending shares plummeting. The stock is down 19% in the past week now, and it may be time to sell if you’re holding AAL. The real concern here is that this is supposed to be the airliner’s best [...]
Target (TGT) reported first-quarter results Wednesday that left much to be desired, sending shares tumbling lower. The company noted it is seeing a pullback in consumer spending. Revenue came in at $24.53 billion compared to $24.52 billion expected, narrowly avoiding a missing on the top line. However, the retailer did miss the bottom line [...]
Xpeng Inc. (XPEV) got a solid lift Tuesday morning after the Chinese EV maker delivered first-quarter results well above expectations despite challenges in the industry itself. Sales came in at $907 million compared to just $573 million this time last year. Wall Street was expecting $859 million. The company did report a loss of [...]
GameStop (GME) is up more than 64% today, picking up where it left off yesterday for a total gain of more than 200% to start the week. All this comes as a result of the members of the subreddit WallStreetBets deciding to send shares surging once more. The stock reached more than 1,200 mentions [...]
For the second consecutive quarter Carvana (CVNA) has delivered an impressive earnings beat coupled with an optimistic outlook for the upcoming quarter, sending shares nearly 40% higher Thursday morning. The online car retailer easily delivered an earnings beat for the first quarter of 2024. Revenue of $3.06 billion was a 17% improvement year over [...]
Tesla (TSLA) was climbing higher yesterday after its best week in a while as Elon Musk shared a pleasant surprise update with investors. He visited China to meet with Li Qiang and gained approval to move forward with its Full Self-Driving (FSD) software for the country’s electric vehicles. Musk also gained the go-ahead to [...]
General Motors (GM) reported first-quarter earnings that featured a massive uptick in profitability despite sales challenges here in the US. Shares are up 4% so far today on the news. The company grew revenue by 7.6% to $43 billion for the quarter, which matched the last quarter’s performance and beat the analyst estimate of [...]
