Author: AnswerStock

Musk Eyes China Expansion With ‘Boring’ Firm

By AnswerStock•

Elon Musk’s The Boring Company is anything but dull…

But many Americans haven’t heard of this Hyperloop-related play on transportation. That’s changing as The Boring Company grabs more attention in the transportation sector, partially by expanding its international ambitions.

Will tunnels become the new travel technology?

Continue reading “Musk Eyes China Expansion With ‘Boring’ Firm”

Is Alibaba Stock Still a Good Long-Term Investment?

By AnswerStock•

The e-commerce giant has strong tailwinds propelling it forward…

2019 has been full of ups and downs for the Chinese e-commerce company Alibaba. Investor enthusiasm has tempered recently, largely thanks to trade war concerns and China’s economic slowdown. And as of this publishing, the company’s shares are down 13% year to date. 

But in spite of these short-term headwinds, Alibaba’s fundamentals remain strong going forward. Here’s what’s working for Alibaba…

Continue reading “Is Alibaba Stock Still a Good Long-Term Investment?”

Pinterest Stock Soars Thanks to Strong User Growth

By AnswerStock•

The company increased its guidance for the rest of the year. 

It’s been a good week for Pinterest investors. The company’s shares are up thanks to a strong earnings report. During the second quarter, Pinterest added more monthly users and beat revenue expectations. The company also raised its full-year guidance. 

Continue reading “Pinterest Stock Soars Thanks to Strong User Growth”

Key Findings From GM’s Q2 Earnings Report

By AnswerStock•

GM beat estimates despite a dip in sales…

General Motors released its Q2 earnings report yesterday, the results came as a welcome surprise to investors. Despite lower sales in China, GM was able to surpass analyst expectations for sales and revenue in the company’s most recent fiscal quarter.

Continue reading “Key Findings From GM’s Q2 Earnings Report”

Alphabet Soars Past Apple as New Cash King

By AnswerStock•

Big cash holdings can often be a sign of corporate health, but they can also be a liability.

The Verge reports today that Google’s Alphabet company has now become “the most cash-rich company in the world” with $117 billion in reserves.

Continue reading “Alphabet Soars Past Apple as New Cash King”

Altria Stock Falls on Declining Cigarette Sales

By AnswerStock•

The company’s shares are down 2% year to date… 

On Tuesday, Altria shares fell after the company released its second-quarter earnings report. The company’s shares did rebound slightly by Thursday, though they’re still down 17% from a year earlier.

Continue reading “Altria Stock Falls on Declining Cigarette Sales”

GE Beats Expectations … So Why Is the Stock Down?

By AnswerStock•

The company reported stronger earnings and revenue than expected…

On Tuesday morning, General Electric released its second-quarter earnings, and the results were better than expected. Earnings came in at 17 cents per share. That’s still down 6% from a year earlier but beat estimates of 12 cents per share. 

Continue reading “GE Beats Expectations … So Why Is the Stock Down?”

Capital One Shares Fall After Data Breach

By AnswerStock•

The Capital One data breach impacts more than 100 million consumers in the U.S.

On Tuesday, shares of Capital One fell more than 6% after the company revealed that a recent data breach exposed sensitive customer information. All in all, the data breach impacts more than 100 million U.S. consumers and 60 million Canadian consumers.

Continue reading “Capital One Shares Fall After Data Breach”

Huawei Soldiers Through Ban and Trade Pressures

By AnswerStock•

The release of revenue numbers today reveals the proposed American ban hasn’t crushed Huawei’s outlook.

Despite weeks of talk about the U.S.-China trade conflict and the American blacklisting of telecom firm Huawei, the company’s revenue increased 23% over the last quarter.

Continue reading “Huawei Soldiers Through Ban and Trade Pressures”