On Thursday, Costco Wholesale reported solid fourth-quarter financial data yet failed to meet revenue estimates due to cautious consumer spending. Its stock price was dragged down by -0.77% to $901.44 apiece on September 26’s Asian afternoon session. Likewise, it is expected to drop by -1.42% to $889.00 per share in after-hours trading. The membership-only store’s …
Costco Shows High Q4 Earnings, Misses Revenue Forecasts Read More »
At A Glance Stock Market Rebound: Major indices like the S&P 500, Dow, and Nasdaq gained around 1.2% after a rough week. Sector Leadership: Financials, Industrials, and Energy stocks led the recovery, with Nvidia, Tesla, and Amazon standing out. Inflation Concerns: Upcoming consumer and producer inflation reports are vital in shaping the Fed’s interest rate …
S&P 500 Bounces Back by 1.2% After Worst Week of 2023 Read More »
Key Points US stocks fluctuated amid weaker-than-expected labor market data, with significant indices showing mixed performance. Private payrolls grew by 99,000, the slowest pace since January 2021, fueling economic uncertainty. Investors are speculating whether the Federal Reserve will cut interest rates due to weak labor data. Mixed corporate earnings, including disappointing results from C3.ai and …
US Stock Indices Dip Amid Weak Labor Market Data Read More »
On Thursday, NetEase announced mixed second-quarter financial data, with its revenue failing to meet analysts’ estimates despite the growing video game sector. Its stock price declined by -11.17% to $82.25 apiece on August 23. However, it is expected to rise by 0.18% to $82.40 per share in the after-hours session. The game developer’s earnings per …
NetEase Reports Mixed Q2 Data, Profit Fails to Meet Guidance Read More »
On Wednesday, Target reported higher sales in its solid fiscal second quarter, marking a recovery after a prolonged slump in sales and weak profits. Its stock price rose by 11.20% to $159.25 apiece on August 21. However, it is expected to drop by -0.16% to $159.00 per share in its after-hours session. The corporation’s earnings …
Target Announces Robust Q2 Financial Data, Surpasses Estimates Read More »
On Wednesday, Lyft disclosed robust second-quarter performance, with a significant surge in its GAAP profitability, but its stock declined. Despite the Uber-like company’s success, its stock closed the session by plummeting -17.23% to $9.08 apiece. However, its earnings per share (EPS) reached $0.01, better than analysts’ $-0.03 consensus and previous $-0.08 data. Furthermore, Lyft’s revenue …
Lyft Reveals Solid Q2 Earnings Data, Stock Plummets Read More »
Quick Look: Major Asian indices dropped as investors awaited key central bank meetings. Japan’s Nikkei 225 fell by 0.5%, Australia’s S&P/ASX 200 by 0.9%, and Hong Kong’s Hang Seng by 0.8%. Improved slightly to 2.5% in June, indicating resilience in the labour market. S&P 500 saw a modest gain, while Dow Jones and Nasdaq had …
Quick Look: Small Caps Set For Outperformance: Valuation gaps suggest that small caps could significantly outperform large caps in the coming years. Tech Dominance Waning: Big tech’s elevated valuations may give way to small-cap opportunities. Valuation Disparities: S&P 500’s forward P/E is 21.3 vs. S&P 600’s 13.9, indicating potential for small caps. Investors might be …
Small Caps vs. Big Tech: Valuation Gap Signals Shift Read More »
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