Stocks

Google Ad

Iconic American blue jean maker Levi Strauss & Co. released its first earnings report since the company’s initial public offering last month with first quarter earnings per share of 37 cents on revenue of $1.44 billion.

Ride sharing company Lyft debuted on the stockmarket Friday up over 21% after setting the price for its stock at $72 per share late Thursday. IPOs can be boom or bust, In 2018 the most anticipated brands included Dropbox, Spotify and WeWork.

Athletic apparel company Lululemon Athletica, best known for it's yoga gear reported better than expected fourth quarter earnings sending the stock to all time highs, up over 10%. $LULU business is high margin, accelerating and expanding in new lines, online sales and in China.

Lennar Corporation reported worser than expected Q1 earnings after the market profit up from last year but a decline in homebuilding revenue hurt the top line. $LEN is benefitting from the new income tax regime.

KB Homes reported better than expected Q1 earnings after the market swinging to profit from a loss last year. A decline in homebuilding revenue hurt the top line. $KBH is benefitting from the new income tax regime.

The Nigerian company Jumia Technologies NYSE IPO has gotten a lot of hype with the expected growth in e-commerce in Africa and because of its shareholders including Rocket Internet SE, Mobile Telephone Networks. Axa CS and Orange SA of France. The risks however are not idle.

Open source Linux software provider Red Hat, who will be acquired by IBM reported earnings after the close Monday, missing on earnings and on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.

Nike reported stronger earnings than expected after the close Thursday however weaker-than-expected sales in North America during its fiscal third quarter and lower margins than expected saw $NKE shares fall about 4.5% after closing at a record high of $88.01.

Memory chip maker Micron reported better than expected earning and revenues after the close Wednesday. $MU had scaled back its forecasts on DRAM and NAND memory chips. $MU was up 8.6% on the news and is now up more than 37% for 2019.

FedEx Corp reported after the close Tuesday missing expectations on tax benefits and with costs and wage rises. $FDX also lowered guidance giving us insight into the slowing international global trade growth trends and threats from online retail giant $AMZN and rivals $UPS and DHL.

Google ads