Category: Company News

Amazon Prime Day Is Upon Us

By AnswerStock•

One of the year’s biggest shopping events has arrived…

After capturing enormous profits by pushing its Prime delivery service, e-commerce leviathan Amazon began Prime Day in 2015. And every year since then, it’s racked up tremendous sales in its very own Black Friday style extravaganza.

Continue reading “Amazon Prime Day Is Upon Us”

Citigroup Kicks Bank Earnings Season Off With a Bang

By AnswerStock•

The bank’s second-quarter earnings report gave investors a lot to be happy about. 

Citigroup kicked off bank earnings season with strong second-quarter results. Wells Fargo, Bank of America, and JP Morgan Chase are all expected to post quarterly earnings report later this week. 

Continue reading “Citigroup Kicks Bank Earnings Season Off With a Bang”

3 Reasons Why Lululemon is Still a Good Buy

By AnswerStock•

Lululemon’s shares are up 53% year to date.

Analysts are becoming increasingly bullish when it comes to Lululemon — and for good reason.

The company’s shares are up more than 50% year to date. Stifel recently raised its price target on Lululemon to $238 from $209, citing the company’s loyalty program as the reason.

But there’s more…

Continue reading “3 Reasons Why Lululemon is Still a Good Buy”

Nvidia Announces Data Center Service as NVDA Climbs

By AnswerStock•

U.S. tech giant Nvidia is continuing a multi-session rally…

It moved the stock about 4% over a day’s time, with much bigger gains over the month.

Part of the enthusiasm in Nvidia stock revolves around the company’s DGX-Ready hosting program.

Continue reading “Nvidia Announces Data Center Service as NVDA Climbs”

This Leaked Tesla Email Might Please Investors

By AnswerStock•

According to a leaked email, the company is “making preparations” to ramp up production.  

Tesla’s shares rose on Wednesday after it came out that the company is preparing to increase production at its Fremont, California factory. The news broke thanks to a leaked email from the company’s automotive president Jerome Guillen.

Here’s what it said…

Continue reading “This Leaked Tesla Email Might Please Investors”

Virgin’s Launching LGBTQ+ Charter Cruises

By AnswerStock•

Richard Branson has done it again…

Sir Branson’s latest venture is Virgin Voyages, a cruise line that’s scheduled to begin operations in 2020. Virgin Voyages is officially open for charter bookings departing from April 1–October 25, 2020.

Branson recently celebrated WorldPride in New York City. He announced that a new LGBTQ+ charter will be included in the Virgin Voyages cruise offerings. It sets sail on May 31, 2020. 

Check out these details…

Continue reading “Virgin’s Launching LGBTQ+ Charter Cruises”

Chewy’s Success Shows Growing Demand for Pet Retailers

By AnswerStock•

Chewy’s shares continue to trade above its IPO price of $22.

Online pet retailer Chewy made an impressive debut during its initial public offering on June 14. The company’s shares rose 88% from its offering price of $22 per share and ended the day at $34.99.

The stock has fallen since then, though Chewy’s shares continue to trade for about their IPO price. On Tuesday, JP Morgan Chase initiated the stock as overweight. 

Here’s what Chewy’s doing well, and why it’s a great sign for the pet industry…

Continue reading “Chewy’s Success Shows Growing Demand for Pet Retailers”

Jim Beam Fire Runoff Kills Thousands of Fish

By AnswerStock•

The Jim Beam warehouse fire’s effects have hit the rivers…

The runoff from last week’s fire at the Jim Beam warehouse near Frankfort, Kentucky has traveled more than 20 miles along the Kentucky River, killing thousands of fish. And now the contaminated liquor is traveling into the Ohio River. 

Continue reading “Jim Beam Fire Runoff Kills Thousands of Fish”

Citi: Rough Road Ahead for Verizon

By AnswerStock•

Verizon’s shares fell on Monday after being downgraded by Citi.

Verizon’s shares fell more than 1% on Monday after being downgraded by Citi. Citi downgraded the company from buy to neutral but maintained its $62 price target.

Verizon is the second-largest wireless carrier in the U.S. The company’s shares have done well over the past year and are up more than 12% from a year earlier. But according to Citi analyst, Michael Rollins, this may not be enough for the company to remain competitive long-term.

Continue reading “Citi: Rough Road Ahead for Verizon”

Netflix Loses Rights to Air “The Office”

By AnswerStock•

The company will lose the rights to air its most popular series in 2021…

Providing great content is everything for Netflix so the company was under pressure when it came out that Netflix will lose one of its most popular series. “The Office” will be removed by NBC in 2021. 

Netflix offered to pay NBC $90 million per year to continue airing the show but NBC declined. “The Office” is one of the most-watched shows on Netflix so it will be a major blow for the company to lose the series.   Continue reading “Netflix Loses Rights to Air “The Office””