Category: Investing

KFC’s ‘Beyond Fried Chicken’ Test Nudges Beyond Meat Shares

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Can BYND go further on recent KFC news?

Purveyor of meatless foods Beyond Meat surged nearly 3% in pre-market trading this morning, building on a multi-day rally as the stock crested near $160 per share, representing an attempt to return to an all-time high of $234.90 on July 26.

Last Friday, BYND was trading around $147, but a spike Monday brought the stock up to around $153.

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Lowe’s Stock Builds on Solid Earnings Beat

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Lowe’s beats earnings and revenue estimates…

Lowe’s released its Q2 2019 earnings report on Wednesday, revealing promising numbers for the home improvement store. The press release caused the company’s stock price to jump by more than 12% in premarket trading.

Meanwhile, Lowe’s primary competitor, Home Depot, reported mixed results in its most recent earnings report.

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Disappointing Q2 Earnings Drive Uber Stock Drop

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Uber shares take a dip after weak earnings…

Uber shares plunged by as much as 12% on Thursday after the company released its Q2 2019 earnings report. The rideshare company failed to meet Wall Street’s expectations for the quarter, and the report left a lot for investors to be concerned about.

The most worrying detail from the press release may be the company’s net losses, which reached an astounding $5.24 billion. These losses are largely due to stock-based compensation from the company’s IPO in May.

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Lyft Remains Stagnant Despite Strong Q2

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Lyft’s Q2 earnings report sparks short-lived gains…

Lyft released a strong Q2 earnings report on Wednesday. This comes just a few months after the company’s disappointing IPO.

The release revealed stronger-than-expected sales and revenue, which sparked a 13% increase in share prices during after-hours trading.

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Kelly Services Wins on Jobs Numbers

By AnswerStock•

A new U.S. jobs report contains both good news and bad news for investors…

The strength of contributing 224,000 jobs to the market, which substantially beat analysts’ expectations, is traditionally a good sign for the American economy.

The twist here is that the strong jobs report actually sent markets down, because it decreases the chances that in the short term, the Federal Reserve central bank will rush in and cut interest rates to help prop up the economy.

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