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- Written by Helmholtz Watson
- Category: Stocks
Morgan Stanley's chief investment officer Mike Wilson on Bloomberg Wednesday issued a sobering warning on another day of record highs saying US stocks are overbought and risks a correction due to rising interest rates. He added bull markets tend to overshoot a little bit in the short term, any kind of pullbacks will probably be bought.
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- Written by Super Harley
- Category: Earnings Reports
Zscaler shares soared to an all time high after beating earnings exppectations and raising guidance as the lockdown Work From Anywhere Trend (WFA) and the digitization of business underscored that the shift continues to benefit $ZS with the surge in demand for it's cloud security products.
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- Written by ThePitBoss
- Category: Stocks
Technology security company Widepoint was awarded the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 Contract valued at up to $500 million. The first CWMS contract was awarded to WidePoint in 2013. $WYY stock soared over 50% on the news, The new contract size is around 10 times the companies market cap.
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- Written by ThePitBoss
- Category: Earnings Reports
Retail giant Wal-Mart on Tuesday reported better than expected third-quarter earnings and reiterated for Q4. U.S. same-store sales rose 6.4%, continuing near 10 years highs, e-commerce sales jumped 79% as stay at home shoppers grew and $WMT continued to inch into $AMZN's space.
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- Written by ThePitBoss
- Category: Earnings Reports
Chevron reported better than expected third quarter earnings Friday along with fellow oil major ExxonMobil. Capital spending was down 48% and operating expenses down 12%. Noble Energy acquisition completed in October 2020. Revenue continues to be hammered by the coronavirus economic collapse.
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- Written by ThePitBoss
- Category: Earnings Reports
Oil giant ExxonMobil reported better than expected third quarter earnings Friday with its third quarterly loss in a row. The Covid pandemic has caused plunging oil demand within a supply glut but Exxon said seeing "early stages of demand recovery.” . Q1 was $XOM's first quarterly loss in 32 years.
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- Written by Super Harley
- Category: Earnings Reports
Social media company Twitter reported better than expected third quarter earnings Wednesday beating on revenue and earnings BUT missed on key user metrics sending the stock down 17%. Investors are concerned for advertising revenue growth with $TWTR blatant political meddling.
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- Written by ThePitBoss
- Category: Earnings Reports
Consumer electronics giant Apple reported better than expected September quarter earnings Thursday. Revenue from iPhones dissppointed. $AAPL did not other guidance given the COVID-related supply chain and consumer disruptions. Sales in Greater China were weak, down 28% on the year.
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- Written by Super Harley
- Category: Earnings Reports
Etsy reported better than expected third-quarter earnings after the market Wednesday. Revenues came in over $400 million with the marketplace platform expected to have sustained momentum during the coronavirus lockdown with orders and customer relationships becoming more developed.
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- Written by TradersCom
- Category: Stocks
Stock markets tumbled Wednesday as Coronavirus cases surged throughout Europe sending the European stock indices sharply lower. The German DAX - 4.4%, French CAC40 -3.69% and Italian FTSE MIB -3.6% leading the UK, Europe and US indices all into deep red territory.
