Verano Q3 Revenue Loss Increased 245%; Stock Sinks 27% On News
Image source This article provides Verano Holdings’ (VRNOF) Q3 financial results for the period ending September 30th, 2024. Q3 Financial Highlights (All currency numbers are in USD and compared to the previous quarter.) Revenue: DOWN 2.6% to $216.7M Gross Profit: DOWN 4.5% to $109.1M as a % of revenue: DOWN to 50.3% from 51.4% SG&A Expense: Increased 5.7% to […]
Will International Stocks Ever Outperform Again?
On the heels of last night’s election results, we’ve seen some major moves in equities on a global scale. While the S&P 500 is up over 2% today, the MSCI All Country World Ex-US Index ETF (CWI) is down slightly more than 1%. Since the CWI ETF first launched in 2007, today would be just […]
S&P 500 Earnings Dashboard 24Q3 – Thursday, Nov. 7
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 8.2%. Excluding the energy sector, the Y/Y earnings estimate is 10.9%. Of the 432 companies in the S&P 500 that have reported earnings to date for 24Q3, 75.9% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.3%. If the energy sector is […]
Airbnb Stock Gains Ahead Of Anticipated Q3 Earnings Report
Image courtesy of 123rf.com Airbnb, Inc. (Nasdaq: ABNB) is set to release its third-quarter earnings after the closing bell on Thursday, November 7, 2024. Analysts anticipate earnings of $2.14 per share, a significant decline from the $6.63 per share reported in the same period last year.Despite the drop in earnings, revenue is projected to rise by 9.4% year-on-year […]
What A Second Trump Term Means For You
Image Source: Unsplash Trump’s victory means there are more ‘known unknowns’ than even that other Donald, Mr Rumsfeld, could ever get his head around. But I’m going to try to cut through the bluster and the electioneering promises to sketch where we’re headed next. One thing’s for sure: an emboldened Donald Trump is not good news […]
Gold And USD Index Under Trump’s Presidency
And no, I don’t mean Trump’s presidency, but that’s true as well.I mean the rally in the USD Index and the declines in the precious metals and mining stocks. On a short-term basis, it might seem as if the rally was so huge that it’s unsustainable. I agree; it was very sharp and nothing short […]
Unlocking ASX Trading Success: Mineral Resources Limited
ASX: MINERAL RESOURCES LIMITED – MIN Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) MINERAL RESOURCES LIMITED – MIN. We see MIN.ASX could be preparing to move up with wave (iii)-orange of wave ((iii))-navy.ASX: MINERAL RESOURCES LIMITED – MIN 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, […]
Russell 2000 Earnings Dashboard 24Q3 – Thursday, Nov. 7
Image Source: Pixabay Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 37.4%. If the energy sector is excluded, the growth rate for the index is 73.1%. Of the 1,076 companies in the Russell 2000 that have reported earnings to date for 24Q3, 59.4% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 0.9%. If the energy sector is excluded, the growth rate for […]
Risk-On Sentiment For US Stocks Accelerates
The appetite for US equity risk has wobbled in recent months, but on the first trading day after Trump’s election victory the bullish signaling revived on several fronts, based on numerous sets of ETF pairs through Wednesday’s close (Nov. 6). The main exception: bonds, which are wilting anew.A sentiment proxy for global asset allocation jumped […]
Jobless Claims: Back To Almost Completely Normal And Neutral
Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to 1.892 million: As per usual, […]
