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 [...]
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 [...]
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 [...]
Everyone’s favorite coffee giant - Starbucks (SBUX) - is on track for its greatest single-day percentage increase since February 2020 - right before the pandemic restrictions set in. So far, the stock is up 10% in Friday morning trading. How did we get here? Yesterday after market hours, Starbucks quietly released its fiscal fourth-quarter [...]
NerdWallet reported an impressive third quarter showing growth in revenue, EPS, and other key metrics. As a result, analysts have moved their price targets for the stock up - and investors have gotten on board as well. Hype after this news has sent the stock up 36% so far this morning. And by the [...]
Tuesday morning, Airbnb (ABNB) reported Q3 earnings that exceeded not just analyst expectations - but the company’s best performance to date. It was the biggest and most profitable quarter in company history, and yet, shares are trading down 10% so far today…what’s going on? Before we can look at potential causes for the drop [...]
Shopify has made moves this morning after reporting Q3 earnings that were better than anticipated. So far, the cloud-based eCommerce platform is up 18% as of 1:30 pm EST. And while this is definitely a step in the right direction, investors and analysts alike are still not sure the time is quite right for Shopify.Nevertheless, [...]
Early this morning Wingstop stock shares jumped over 20% and are counting, making them one of the market's biggest movers. This came as a result of an impressive Q3 earnings report alongside full-year earnings guidance. The company raised estimations after posting better-than-expected earnings in the third quarter - and investors have responded positively. A [...]
Delta Airlines reported its quarterly earnings yesterday and came in way under expectations. While the adjusted earnings of $735 million is Delta’s highest profit yet in the pandemic era, it is still more than a quarter million short of the expected earnings of $1.1 billion analysts were expecting. There are a few reasons Delta [...]
