Category: Stock News

Macy’s Execs Stay Upbeat After Brutal Earnings Report

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The company’s shares reached a new 52-week low after being downgraded by Guggenheim. 

Retail stocks have had a tough go of it lately. JCPenney’s stock exchange listing is in jeopardy and Macy’s, JCPenney, and Kohl’s all recently delivered uninspiring earnings reports. 

During the latest round of earnings reports, JCPenney and Kohl’s had at least some good news to share with investors. But Macy’s earnings report was particularly brutal. The company’s earnings and same-store sales fell short of forecasts. 

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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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Walmart Sues Tesla Over Solar Panel Fires

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Walmart claims Tesla solar panels caused multiple fires at its stores…

Tesla, Elon Musk’s vehicle and renewable energy company, is now the subject of a lawsuit as Walmart alleges Tesla’s solar panels are responsible for fires at several Walmart locations across the country.

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Beyond Meat’s Low Valuation Garners JP Morgan Upgrade

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Shares of Beyond Meat have fallen 40% from their 52-week high.

This month, shares of Beyond Meat hit their first big slump since the company’s May IPO. The stock dropped from its 52-week high of $239.71 per share and fell as low as $144 per share. 

This was mostly due to the company’s second-quarter losses and a secondary stock offering that rattled investors. But on Tuesday, Beyond Meat’s shares were up more than 6% after the company was upgraded by JP Morgan Chase. 

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Kohl’s Q2 Earnings Report Is a Mixed Bag

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Kohl’s beats profit expectations but misses on sales…

Kohl’s released its second-quarter earnings report early on Tuesday. The results caused the stock to spike early before falling into the red shortly after.

Kohl’s reported adjusted earnings per share of $1.55 against an estimated $1.53. However, the company failed to meet sales expectations, reporting $4.17 billion in net sales versus an expected $4.2 billion.

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New Hire Highlights Microsoft’s New Goals

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Microsoft shifts focus to emerging technologies and services…

Since Satya Nadella took over as CEO of Microsoft in 2014, he has consistently emphasized Microsoft’s dedication to thriving in a mobile- and cloud-based world.

This strategy has been very successful for the tech giant in recent years. Microsoft has excelled by collaborating with other companies and platforms to deliver its products and services. This change in strategy has helped the company’s stock increase by more than 275% since 2014.

However, last year, Microsoft announced a new focus.

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Canopy Sees Growth After Abysmal Earnings Report

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The company lost money and saw its net revenue fall during the fiscal first quarter.

Last week, Canopy Growth released its fiscal 2020 first-quarter earnings report and the results weren’t pretty. The earnings report showed that the company not only lost money but that its revenue fell from the previous quarter. 

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Nvidia Stock Rallies on Q2 Earnings Beat

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But can the company edge out stiff competition?

Nvidia released its Q2 earnings report for the 2020 fiscal year on Thursday. The company’s sales and profits managed to beat analysts’ expectations, leading to a 7% stock increase during after-hours trading.

These results indicate that, despite a recent slump in orders, demand for the company’s graphics chips and other products may be returning.

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