Category Archive: Finance, No picture
Williams-Sonoma To Post Q1 Earnings: What’s In Store?
Image Source: Unsplash Williams-Sonoma, Inc. (WSM – Free Report) is scheduled to release first-quarter fiscal 2024 results on May 22, before market open.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 7.5% but decreased 1.1% year over year. Revenues of this multi-channel specialty retailer of premium-quality home products beat the consensus mark by 3% but declined […]
Take-Two Flourishes On Steady Demand For Mobile Gaming
Image Source: Pexels Take-Two (Nasdaq: TTWO) revealed its Q4 2024 financial performance on 16 May. The firm’s revenue stood at $1.349 billion, surpassing consensus estimate of $1.32 billion and down 3% YoY.Meanwhile, earnings per share missed the -0.98 estimate at -17.02, whereas sales came at $1.399 billion versus the forecasted $1.299 billion. Mobile gaming propels Take-Two Besides […]
Applied Materials Beats Q2 Estimates But Guidance Disappoints
Image Source: Unsplash Applied Materials Inc (Nasdaq: AMAT) is slipping in extended trading even though it reported market-beating financial results for its second quarter. Applied Materials stock down on muted guidance The stock is taking a hit because the guidance failed to impress. AMAT forecasts about $6.65 billion in revenue on up to $2.19 a share […]
Platinum Enters Its Second Year Of “Substantial” Deficit
Image Source: Unsplash Platinum is entering its second year of substantial deficit, according to the Platinum Quarterly report from the World Platinum Investment Council (WPIC).Report authors labeled the Q1 deficit of 369k oz “significant” and predicted that the deficit will continue to deepen throughout the rest of the year, hitting 476k oz in total. “High inflation, interest rates remaining higher for longer, and political uncertainty will […]
Streaming Cannot Save Disney, For Now
Image source: Unsplash The Walt Disney Company (DIS) shares fell almost 10% on May 7 after the company reported second-quarter earnings for Fiscal 2024. The company topped Wall Street projections for earnings per share and also guided for 25% growth in EPS for the current fiscal year, compared to previous expectations for 20% growth in EPS. […]
Bitcoin ETFs attract 937 professional firms in Q1: K33 Research
Spot Bitcoin exchange-traded funds (ETFs) appeared in 937 professional firms’ 13F filings in the US, shared Vetle Lunde, senior analyst at K33 Research. In stark contrast, gold ETFs only saw investments from 95 professional firms in the same period, according to data from Bitwise. Retail investors continue to hold the majority of the float, but […]
Pump.fun hit by exploit, nearly 2,000 SOL stolen
Solana’s meme coin marketplace Pump.fun got exploited this Thursday after its bonding curve contracts have been compromised. In an X post, the team behind the platform claimed to have upgraded the contracts so the attacker cannot withdrawl more funds, and paused the trades for all the tokens.The X user identified as “staccoverflow” claimed to be […]
Q1 2024 U.S. Retail Scorecard – Update
Image Source: Unsplash To date, 143 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 71% of the index. Of those companies that have reported their quarterly results, 73% announced profits that beat analysts’ expectations, while 2% delivered on-target results and 25% reported earnings that fell below estimates. […]
Everything Is AI Play – Copper And Utilities Edition
Image Source: Unsplash Last week, we wrote about the crazy run-up and subsequent pullback in cocoa futures. Lately, we have seen a parabolic rise occurring in copper futures. The price movement is similar, but to the best of my knowledge, no one put an AI spin on cocoa’s move. The same can’t be said for copper.This is […]
Hey Investors: Stocks Fall When The Fed Starts Cutting Rates, Says History
Image Source: Pexels When today’s guest appeared for the first time on this channel a few months ago, a star was born.Those who hadn’t yet heard of Danielle Park were impressed by both her command of the macro data and her unflinching courage to call things as she sees them.She highlighted a number of concerns about […]
