Category: Stock News

Nu Skin Shares Fall 16% After Updating Second-Quarter Guidance

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The company’s shares are down nearly 50% in 2019.

On Wednesday, shares of Nu Skin fell sharply after the company warned investors about a disappointing upcoming earnings report. The company said that China has been cracking down on health products, which is causing a drag on its sales. 

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Wells Fargo Shares Fall Despite Second-Quarter Revenue Gains

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Wells Fargo’s shares fell more than 2% due to concerns about spending and its net interest income.

Wells Fargo is one of several major banks to release its earnings reports this week. The bank released its second-quarter earnings report on Tuesday and despite beating investor expectations, Wells Fargo saw its shares fall more than 2%.

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Oracle’s Ex-Dividend Date Moves Top Tech Stock

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Oracle, a leader in technology, is now trading ex-dividend as of today.

At the end of the month, Oracle holders who bought in prior to Monday will receive the dividend payment of $0.24 per share. Others will have to wait.

That July 31 payout is over 25% bigger than the last dividend payment with a current dividend yield of 1.61%.

Oracle’s current earnings per share is marked at $3.01 with projected earnings growth next year around 10%, or almost double the industry average.

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Things Are Looking Up for Micron … But It’s Too Soon to Celebrate

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The company’s shares are rebounding thanks to unexpected market changes. 

After a rocky start to 2019, things are finally starting to look up for memory-chip manufacturer Micron…

Trade war tensions have eased with China and the company can continue doing business with Huawei. Micron released its third-quarter earnings report and beat investor expectations.

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Citigroup Kicks Bank Earnings Season Off With a Bang

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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. 

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3 Reasons Why Lululemon is Still a Good Buy

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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…

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Nvidia Announces Data Center Service as NVDA Climbs

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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.

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This Leaked Tesla Email Might Please Investors

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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…

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Chewy’s Success Shows Growing Demand for Pet Retailers

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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…

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Pepsi EPS Up in Q2 Earnings Report

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Pepsi did it again…

This morning, Pepsi announced that earnings per share once again beat expectations, marking a 13-quarter run for the soda pop blue chip.

PepsiCo’s second-quarter core earnings per share (EPS) were reported at $1.54, beating predictive estimates of $1.49. Even though core EPS declined 7.2% year over year, the current numbers show Pepsi is returning value to shareholders.

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