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Ford's Back to the Future EV Concept
Friday, November 5, 2021 - 11:45am | 1047After shattering Wall Street's earnings expectations and raising guidance last week, Ford Motor (NYSE: F) unveiled a custom truck that is a blend of its past and its electrified future during the Las Vegas SEMA Show. The Ford F-100 Eluminator concept truck has the retro-styling of a 1978 F-100...
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Even Amazon Is Struggling
Thursday, November 4, 2021 - 10:16am | 826Last Thursday, Amazon Inc (NASDAQ: AMZN) reported third-quarter results, missing on the top and bottom lines, while also providing sales guidance for the critical holiday quarter that was below Wall Street's estimates. Shares dropped more than 4% in extended trading as the e-commerce challenge...
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Apple Is No Longer #1
Wednesday, November 3, 2021 - 12:28pm | 1007On October 28th, Apple Inc (NASDAQ: AAPL) delivered fiscal fourth-quarter results that lagged estimated for the first time in years. As if this wasn't enough, a day after, Microsoft Corporation (NASDAQ: MSFT) passed Apple, becoming the world's most valuable public company. At market close...
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GM Is Doing Good, But Not as Good as Ford
Tuesday, November 2, 2021 - 11:27am | 1017Last Wednesday, General Motors (NYSE: GM) topped Wall Street estimates. Besides delivering better than expected top and bottom lines, the automaker announced it is expecting full-year results at the "high end" of its previous guidance. On the same day, its rival Ford Motor (NYSE: F)...
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AMD's Products and Results Light Everyone Up
Monday, November 1, 2021 - 1:04pm | 1006Last week, Advanced Micro Devices (NASDAQ: AMD) delivered the results of yet another strong quarter. On October 26th, its shares closed at a fourth record high as AMD reported both of its top line and bottom line soared, as well as improved its outlook. In a nutshell, AMD's results show it is...
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Google Is Unharmed By Apple's Privacy Changes
Thursday, October 28, 2021 - 1:19pm | 827Third-quarter results weren't an exception to the ongoing Big Tech's earnings boom as the surge in cloud computing fueled by the pandemic continued along with the rebound in digital advertising. Alphabet Inc (NASDAQ: GOOG). Third-Quarter Figures Revenue amounted to $65.12 billion, exceeding...
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Apple Is Shaking Facebook's Revenue
Tuesday, October 26, 2021 - 11:41am | 973On Monday, shares of the social media giant rose 2% in extended trading as investors focused on earnings beat and looked past the massive and ongoing whistleblower scandal. However, despite better-than-expected third-quarter earnings, Facebook Inc's (NASDAQ: FB) revenue missed estimates due to...
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P&G Is Making the Best Out of a Tough Situation
Tuesday, October 26, 2021 - 11:38am | 1115Last Tuesday, the Procter & Gamble Company (NYSE: PG) topped Wall Street's estimates both for its fiscal first-quarter earnings and revenue. Like its peers, Colgate-Palmolive Company (NYSE: CL), General Mills Inc (NYSE: GIS), and Kleenex maker Kimberly-Clark Corporation (NYSE: KMB), it...
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A Big Earnings Week Ahead
Monday, October 25, 2021 - 11:10am | 945This week, many Wall Street darlings are set to report their latest quarterly results. Given the trend of stronger-than-expected results that have been posted by now, this week's set of reports have a heightened bar to clear. Fortunately, it's something that Big Tech companies, including...
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Netflix Is Not Giving Up The Throne
Friday, October 22, 2021 - 12:00pm | 848The streaming giant posted its third-quarter results on Thursday, solidly beating earnings and showing it can continue attracting new subscribers. Besides a crowded streaming front, including no other than the entertainment giant The Walt Disney Company (NASDAQ: DIS) itself, Netflix (NASDAQ: NFLX)...
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Chipotle Smashes Estimates Once Again
Friday, October 22, 2021 - 11:56am | 582On Thursday, Chipotle Mexican Grill Inc (NYSE: CMG) issued its third-quarter results, smashing Wall Street's estimates for both earnings and revenue. Menu price increases helped the burrito chain weather through the storm caused by higher costs on beef and freight, with shares rising 33% this...
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Tesla's Record Revenue and Profit Sound Less Fun Without Musk
Friday, October 22, 2021 - 10:19am | 893After the bell on Wednesday, Tesla Inc (NASDAQ: TSLA) topped both top and bottom-line expectations. The record third-quarter results were driven by improved gross margins of 30.5% on its automotive business and 26.6% overall, both of which are records for at least the last five quarters. Musk Was...
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Johnson & Johnson's Shot Success Overshadowed by Baby Powder Cancer Suit
Friday, October 22, 2021 - 10:14am | 900On Tuesday, Johnson & Johnson (NYSE: JNJ) exceeded Wall Street's profit expectations but revenue missed forecasts for its third quarter. However, this report has been overshadowed by criticism about its handling of the opioid crisis and the development of a comparatively less effective...
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A Crowded Earnings Calendar Ahead
Wednesday, October 20, 2021 - 10:29am | 1243Last week, major banks like Citigroup Inc (NYSE: C), The Goldman Sachs Group (NYSE: GS), and Bank of America Corporation (NYSE: BAC) have reported quarterly results with solid beats. Dozens of companies are scheduled to report this week, from Tesla Inc (NASDAQ: TSLA) and Netflix Inc (NASDAQ: NFLX)...
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Adobe Is Well-Positioned For the Golden Age of Creativity
Wednesday, October 20, 2021 - 10:24am | 824One of the less-known tech winners of the pandemic, Adobe Inc (NASDAQ: ADBE), has been rightfully named as Microsoft Corporation (NASDAQ: MSFT) of creative software. Both titans benefit from a powerful competitive advantage built on the network effect and unique software. The software design maker...