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By Kuldip K. Ambastha During the past trading week, Carvana Co. (CVNA) delivered a +30.6% return on Tuesday, September 22, 2020, due to strongly positive financial results showing ongoing growth. Carvana Co. is an innovative retailer which sells cars out of huge vending machines, and during the latest quarter it showed impressive projected data related …
By Kuldip K. Ambastha On Wednesday, August 26, 2020, the stock of Salesforce.com, Inc. (CRM) had a pop of 26.0%. The stock posted smaller positive and negative returns during other days of the trading week. Strong 2Q2020 results drove the 26.0% gain in one day. For the first time, in 2Q2020 Salesforce.com, Inc. had more …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 24 – 28, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, January 14, 2020, Pinterest, Inc. (PINS) stock rose by 9.6% for the day because, as per market research firm eMarketer, Pinterest had 82.4 million American users in 2019. With this data point, Pinterest is now the third-largest American social media platform behind Facebook (FB) and …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 13-17, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Thursday, December 19, 2019, Rite Aid Corporation (RAD) delivered a strong 42.3% return for the day. On that day, the company announced a quarterly earnings figure of $0.54 per share, for the quarter ending November 2019. This figure beat various consensus estimates quite significantly and thus …
Continue reading “What Caught Our Attention in the Investment World? – Week of December 16-20, 2019”
By Kuldip K. Ambastha and Anil K. Ambastha BlackBerry Limited (BB) is a prominent Canadian company, previously known as “Research In Motion.” The general public knows BlackBerry Limited best as the developer of the BlackBerry brand of phones and tablets, but in more recent years the company now provides enterprise software and services. From 2001 …
By Anil K. Ambastha and Kuldip K. Ambastha Second-quarter earnings season started in earnest this week and will continue for the next 3-4 weeks. This week, the S&P 500, Dow 30, and Nasdaq indices respectively dropped by 1.23%, 0.65%, and 1.18%. Thus, movement of the indices was fairly benign and insignificant. However, individual stocks can …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 15-19, 2019”