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Walmart's E-commerce Profitability, New Product Lines Impress Analysts After Shareholder Event
Monday, June 10, 2024 - 12:39pm | 465Walmart Inc (NYSE:WMT) has had a very successful 2024; three analysts weighed in on the company’s future potential following the Arkansas-based retailer’s first-quarter earnings and shareholder event. The Walmart Analysts: In a note on June 7, Oppenheimer maintained Walmart with an...
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Cathie Wood's Ark Invest Purchases Over $30M of Shopify Shares Amid Q1 Numbers-Driven Plunge; Adds Reddit Shares To Kitty — Offloads Coinbase Stock As Bitcoin Declines
Wednesday, May 8, 2024 - 11:54pm | 813On Wednesday, Cathie Wood’s Ark Invest made some significant trades. The most prominent among these were the purchases of Shopify Inc (NYSE:SHOP) and Reddit Inc (NYSE:RDDT), and the selling off of Coinbase Global Inc (NASDAQ:COIN) shares. The Shopify Trade Ark Invest’s Ark Fintech...
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Shopify Prepares To Report Q1 Earnings: Charts Indicate Bullish Reversal, Analysts Predict Downside
Tuesday, May 7, 2024 - 1:40pm | 662Shopify Inc (NYSE:SHOP) is reporting its first-quarter earnings on Wednesday. Wall Street expects 17 cents in EPS and $1.845 billion in revenues as the company reports before market hours. The stock is up 18.44% over the past year but down 2.04% YTD. Let’s look at what the charts indicate for...
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Amazon's GenAI Could Generate 'Multi-Billion Revenue Run-Rate': JPMorgan
Wednesday, May 1, 2024 - 9:27am | 621Amazon.com Inc (NASDAQ:AMZN) reported Q1 revenue of $143.3 billion, up 13% year-over-year, beating estimates. Earnings per share were 98 cents, recording a 25.64% surprise on the consensus of 82 cents. The earnings beat was propelled by robust performance in AWS and its international business. AWS...
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Amazon Q1 Earnings Preview: Analyst Estimates, Key Items To Watch Including NBA, WNBA, Fallout
Monday, April 29, 2024 - 12:05pm | 686Leading ecommerce company Amazon.com Inc (NASDAQ:AMZN) is set to report first-quarter financial results after market close Tuesday. Here’s an overview of analyst earnings estimates, their insights, and key factors to watch. Earnings Estimates: Analysts expect Amazon to report first-quarter...
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CarMax Q4 Earnings Preview: Analyst Estimates, Multi-Year Recovery, Key Items To Watch
Wednesday, April 10, 2024 - 12:57pm | 581Automotive retailer CarMax Inc (NYSE:KMX) reports fourth-quarter (Q4) financial results Thursday, April 11 before market open. Here are the key earnings estimates, what analysts are saying and key items to watch for investors. Earnings Estimates: Analysts expect CarMax to report Q4 revenue of $5....
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TikTok Parent ByteDance's Profits Rise 60% Year-Over-Year As Company Grapples With Potential US Ban
Wednesday, April 10, 2024 - 12:12pm | 540Leading Chinese company ByteDance saw strong 2023 profits, which come as the company's TikTok unit faces a potential ban in the U.S. What Happened: As ByteDance faces a potential ban of TikTok in the U.S. or a forced sale of the unit, the company is seeing record annual profit. On Wednesday,...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, March 29, 2024 - 10:01am | 1241Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless...
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Nike Q3 Earnings Highlights: Revenue Beat, EPS Beat And More
Thursday, March 21, 2024 - 4:28pm | 408Apparel and footwear company Nike Inc (NYSE:NKE) reported third-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Nike reported third-quarter revenue of $12.429 billion, which was up slightly year-over-year. The revenue total beat a Street consensus...
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Chewy Stock 'Attractive' After Q4 Earnings, But Wall Street Flags 'Weak' Pet Care Sector
Thursday, March 21, 2024 - 12:13pm | 729Leading pet care e-commerce company Chewy Inc (NYSE:CHWY) reported fourth-quarter financial results after market close Wednesday. Here's a look what analysts are saying about the results and what's next for the company. The Chewy Analysts: Wedbush analyst Seth Basham had an Outperform rating and a...
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MercadoLibre Reports Mixed Q4 Results: Earnings Miss, Revenues Beat
Thursday, February 22, 2024 - 6:18pm | 340MercadoLibre, Inc. (NASDAQ:MELI) shares are trading lower after the company reported its fourth-quarter financial results after the bell Thursday. Here's a look at the details. The Details: MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The...
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Carvana Analysts Cast Shadow Over Q4 Earnings: 'Less Opportunity For Upside Surprise'
Wednesday, February 21, 2024 - 1:54pm | 719Online used car company Carvana Co (NYSE:CVNA) is set to report fourth-quarter financial results after market close Thursday. Here are the key earnings estimates from analysts, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Carvana to report fourth-quarter...
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This 'Everything Stock' Is The Clear Favorite Among Wall Street Analysts For 2024
Thursday, January 4, 2024 - 3:50pm | 442Amazon.com, Inc (NASDAQ: AMZN) is getting a lot of attention in the first week of 2024 as numerous analysts have named the e-commerce giant a top pick for the year. What To Know: On Wednesday alone, five different analyst firms named Amazon their top pick for 2024, according to CNBC....
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Record Online Holiday Spending Driven By Deep Discounts And 'Buy Now, Pay Later' Deals
Thursday, January 4, 2024 - 1:29pm | 680Online spending during the 2023 holiday shopping period hit a record $222.1 billion thanks to major discounts and flexible payment methods, such as “buy now, pay later.” The data, published by Adobe Analytics on Thursday, covered the period from November 1 to December 31, taking in the...
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Alibaba Vs. PDD: Shifting Market Dynamics Of China's E-Commerce Landscape
Thursday, January 4, 2024 - 9:58am | 650Alibaba Group Holding Ltd (NYSE:BABA) and PDD Holdings Inc (NASDAQ:PDD) stand as titans in China’s dynamic e-commerce arena. They both operate with distinct business scales and trajectories that have shaped their market positions and investor sentiments. But despite Alibaba’s...