Category: Stock News

Visa Looks Robust Amid Market Volatility

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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?

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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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H&R Block Stock Drops After Earnings

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H&R Block misses the mark on Q1 earnings…

H&R Block released its first-quarter earnings results on Wednesday, revealing lower-than-expected revenue. The company’s stock opened on Wednesday at $26.80 and dropped nearly 7% after the earnings report.

The tax preparation company reported a net loss of $150.2 million, down from $152.7 million in the same quarter last year. This translates to a net loss per share of 74 cents, the same as it was in last year’s quarter.

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Can the Peloton IPO Power Through Weak Financials?

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IPO documents give investors a closer look at Peloton’s financials.

On Tuesday, at-home fitness equipment manufacturer Peloton revealed the documents it filed ahead of its initial public offering. The company confidentially filed for IPO in June.

Peloton specializes in producing exercise cycles and treadmills with screens that allow users to join in on live and pre-recorded fitness classes from home. Members have to pay a monthly subscription fee to access these classes on their equipment or through the Peloton app.

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Guggenheim Upgrades Lyft to ‘Buy’

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Lyft may reach profitability sooner than expected.

Lyft’s price increases may help the company become profitable sooner than many anticipated, according to Guggenheim.

As a result, the investment firm has upgraded Lyft to ‘buy’ with a price target of $60. After closing at $49 on Friday, Lyft stock jumped by about 4% on Monday. The price target is around 20% higher than Lyft’s current share price.

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Johnson & Johnson Stock Rises Despite Opioid Case Verdict

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J&J stock jumps despite an unfavorable court ruling in a landmark opioid case…

On Monday, an Oklahoma judge ruled against Johnson & Johnson (J&J) in a landmark opioid case. According to the ruling, J&J is ordered to pay a $572 million fine for its role in the Oklahoma opioid epidemic. The hefty fine will be used to fund one year of costs under Oklahoma’s new plan to combat the current opioid crisis.

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Chinese AI Firm Files for IPO

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Megvii Technology files for IPO in Hong Kong…

Megvii Technology has filed for its initial public offering on the Hong Kong stock exchange. The Alibaba-backed company is an artificial intelligence startup that’s most known for its facial recognition technology.

The company’s prospectus didn’t reveal an IPO date or share pricing. But Reuters reported that the company plans to raise between $500 million and $1 billion with the IPO and is expected to start selling shares in the fourth quarter of this year.

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3 Reasons to Cozy Up to Nestlé Stock

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The company’s shares are up 36% year to date.

As market conditions become increasingly volatile, investors look for companies that have shown they can weather difficult economic conditions. Nestlé, the world’s largest packaged-foods company, is one such company.

Nestlé’s stock is on a roll this year. The company’s shares are up 33% even as the Stoxx Europe 600 index declined by 2% over the past year. This growth is largely thanks to the company’s efforts to streamline its operations and update its products to reflect changing consumer preferences.

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Target to Add Disney Magic to 25 Stores This Fall

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Can a new Disney addition help propel Target to new heights?

American mega-retailer Target is going back to the power of a long-loved brand — it plans to open new Disney shops inside 25 of its stores this fall.

According to a press release from Target, Disney fans will be able to walk into these selected locations and find a corner of the store devoted to iconic figures like Mickey Mouse as well as some of Disney’s newer beloved characters and themes in an interactive setting.

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L Brands Stock Sags Despite Perky Earnings

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L Brands tops earnings estimates but misses on sales…

L Brands released its second-quarter earnings on Wednesday. The company managed to beat expectations on profit but came up short on sales. The lower-than-expected sales were largely due to poor performance from Victoria’s Secret, which is owned by L Brands.

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