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Lululemon Stock Stretches up With Q2 Earnings

By AnswerStock• September 6, 2019

The athletic apparel company seems in good shape as its shares rise on earnings beat…

Lululemon released its second-quarter earnings report on Thursday, revealing a very strong performance that topped Wall Street expectations. The company’s shares jumped by as much as 5% in after-hours trading on the news.

Lululemon also bumped its full-year guidance based on the recent growth of its men’s and women’s apparel sales.

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Stripe Moves into the Lending Business

By AnswerStock• September 6, 2019

Stripe creates Stripe Capital to start offering loans…

One of the most valuable fintech startups in the world, Stripe, is moving into a new area of business. Last valued at $22.5 billion, the company announced on Thursday that it’s launching a new lending service called Stripe Capital.

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Sluggish GE Stock Sees Rise for Two Consecutive Days

By AnswerStock• September 5, 2019September 5, 2019

Why is GE performing better this week?

Investors holding battered General Electric stock and others who want to see the company do well will be excited by this morning’s pre-market jump … GE’s price value moved to a new $9 point before the bell.

This 2% jump follows close inspection of GE’s insurance holdings and general accounting practices by financial experts. Wolf Research analyst Nigel Coe reportedly called findings “the apogee of the GE bear case” (hint: that’s a compliment).

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Slack Stock Takes a Post-Earnings Dive

By AnswerStock• September 5, 2019September 5, 2019

Slack’s Q2 earnings were less than impressive…

Shares of Slack Technologies dropped about 15% on Wednesday after the company’s Q2 earnings report failed to wow investors.

Despite having a solid quarter overall, weak guidance overshadowed the company’s performance. And some investors are losing confidence in the communications company.

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YouTube to Pay Hefty Fine for Alleged Child Privacy Law Violation

By AnswerStock• September 4, 2019

Google and YouTube will pay a $170 million fine to settle allegations…

YouTube and its parent company Google will pay a record $170 million fine to settle allegations made by the Federal Trade Commission and the New York Attorney General.

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3 Reasons Why Amazon’s Shares Could Rise by 50% Over the Next Year

By AnswerStock• September 4, 2019

One analyst believes the company’s revenue is set to soar thanks to one-day Prime shipping…

Shares of Amazon are doing pretty well as is these days, but according to an RBC analyst, they could climb by as much as 50% in the coming year. That’s what analyst Mark Mahaney wrote to investors on Sunday evening.

Mahaney says that when Amazon launches its one-day Prime shipping across the U.S. and worldwide, it will “generate accelerating revenue and unit growth for some time.”

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Visa Looks Robust Amid Market Volatility

By AnswerStock• September 3, 2019September 3, 2019

Is Visa’s stock back on track?

New reports are showing specific types of success for the Visa company, an established player in conventional finance that’s a household name to many depositors and credit or debit cardholders.

Although Visa does have an impressive past, its future may also be pretty notable if new indicators are any clue … A breaking report from “Investor’s Business Daily” says Visa may be developing a solid “flat base” of price activity within the last few weeks.

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Can Cloudflare’s IPO Succeed Despite Past Controversies?

By AnswerStock• September 3, 2019September 3, 2019

Cloudflare joins the ranks of 2019’s tech companies to offer an initial public offering…

Cloudflare Inc. is set to be the next big tech company to go public in 2019. Here’s what the company offers: “Cloudflare provides a scalable, easy-to-use, unified control plane to deliver security, performance, and reliability for on-premises, hybrid, cloud, and SaaS applications.” That’s according to the company’s website.

In short, this company is all about the cloud. And some of its major clients include Zendesk, Udacity, DigitalOcean, and more.

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Trade War Concerns Hit Best Buy, Shares Drop 10%

By AnswerStock• August 30, 2019August 30, 2019

Best Buy lowered its third-quarter guidance due to economic uncertainty and tariffs on Chinese goods.

This week, Best Buy became the latest company to fall victim to fears over the ongoing trade war. The company released its second-quarter earnings report this week and overall, the results were pretty good.

The company improved its bottom line by more than 18% year over year. Earnings beat the Zacks Consensus Estimate and increased 3.5% from a year earlier.

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Tesla Catches Break on China Auto Tariffs