Search Results for: profit

By Kuldip K. Ambastha On Friday, February 17, 2023, the stock price of DraftKings Inc. (DKNG), an American fantasy sports contest and sports betting company, rose by +15.3% per share. The company had a strong 4Q2022, with revenue growth alongside an improved financial forecast for the year of 2023. For the quarter, DraftKings exceeded expectations …

Continue reading “What Caught Our Attention in the Investment World? – Week of February 13-17, 2023”

By Kuldip K. Ambastha On the trading day of Thursday, December 29, 2022, the stock price of Cal-Maine Foods, Inc. (CALM), a fresh egg producer, fell by -14.5% per share. For the latest quarter, the company’s sales beat expectations while profits did not beat expectations. While egg demand and pricing per dozen eggs were strong, …

Continue reading “What Caught Our Attention in the Investment World? – Week of December 27-30, 2022”

By Kuldip K. Ambastha On Thursday, November 17, 2022, the stock price of Bath & Body Works, Inc. (BBWI), a prominent specialty retail company, rose by +25.2% per share. This rise in the stock price was driven by strong 3Q2022 quarterly performance results, with earnings surpassing the expected consensus estimate. Furthermore, Bath & Body Works, …

Continue reading “What Caught Our Attention in the Investment World? – Week of November 14-18, 2022”

By Kuldip K. Ambastha YETI Holdings, Inc. (YETI), an outdoor products company, had its stock price shoot up by +31.6% per share on Thursday, November 10, 2022, followed by another +10.0% per share on Friday, November 11, 2022. The company announced strong performance results in 3Q2022, and this information drove the increase in the stock …

Continue reading “What Caught Our Attention in the Investment World? – Week of November 7-11, 2022”

By Kuldip K. Ambastha On Thursday, September 1, 2022, the stock of Okta, Inc. (OKTA), a technology company providing cloud-based identity management support for businesses, fell in price by -33.7% per share for the trading day. While 2Q2022 results surpassed Wall Street expectations, areas of concern on a going forward basis drove this sharp decline …

Continue reading “What Caught Our Attention in the Investment World? – Week of August 29-September 2, 2022”

By Kuldip K. Ambastha The stock of VIZIO Holding Corp. (VZIO), a company involved in designing and manufacturing consumer electronics, had a +18.1% per share rise in price on Thursday, August 11, 2022. For 2Q2022, the company’s sales did not match or exceed Wall Street equity research analyst expectations. However, the company also delivered a …

Continue reading “What Caught Our Attention in the Investment World? – Week of August 8-12, 2022”

By Kuldip K. Ambastha Snap Inc. (SNAP), a social media technology company with smartphone camera application Snapchat as its flagship offering, had its stock price drop by -43.1% per share on Tuesday, May 24, 2022. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of April 20-24, 2020; By …

Continue reading “What Caught Our Attention in the Investment World? – Week of May 23-27, 2022”

By Kuldip K. Ambastha Ross Stores, Inc. (ROST), an American chain (“Ross Dress for Less”) of discount department stores, had its stock price drop by -22.5% per share on Friday, May 20, 2022. 1Q2022 sales were down from the same figure released for 1Q2021. Inflationary pressures have resulted in customers spending less overall, including at …

Continue reading “What Caught Our Attention in the Investment World? – Week of May 16-20, 2022”

By Kuldip K. Ambastha Kohl’s Corporation (KSS) is an American department store retail chain, founded by Maxwell Kohl in 1962. On Monday, January 24, 2022, the company’s stock delivered a +36.0% return for the trading day. Why? The stock was in the public eye and in play due to the company receiving takeover offers through …

Continue reading “What Caught Our Attention in the Investment World? – Week of January 24-28, 2022”

By Kuldip K. Ambastha On Tuesday, December 21, 2021, the stock of Carnival Corporation & plc (CCL), a leisure travel company, delivered an +8.7% gain for the trading day. Investors cheered on the company’s plan to return to profitability, which includes an anticipated profit in the second half of 2022. The company expects that COVID-19’s …

Continue reading “What Caught Our Attention in the Investment World? – Week of December 20-23, 2021”