stock market

NEWS

Lululemon Optimistic Despite Slow Growth and Flat Sales in Americas

Lululemon is experiencing a slowdown in growth within the Americas, its largest market, reporting flat comparable sales and slightly weak guidance for the current quarter. Despite this, the company surpassed Wall Street's earnings expectations and announced a $1 billion stock buyback program. CEO Calvin McDonald highlighted strong international momentum and efforts to improve U.S. product assortments. While facing challenges, including a 40% year-to-date stock drop, Lululemon remains optimistic about a stronger second half of the year.
home depot
NEWS

Home Depot Revenue Stumbles as High Interest Rates Stall Major Home Projects

Home Depot missed its quarterly revenue target as high interest rates led consumers to delay large renovations in favor of essential needs. Despite this, the company maintains its full-year guidance, anticipating a slight sales increase due to an extra operational week. CFO Richard McPhail noted the impact of rising mortgage rates on consumer spending but affirmed the financial health of customers. Home Depot is adapting by focusing on smaller projects and professional contractors while planning to open new stores and enhance online and in-store experiences.
Johnson & Johnson
NEWS

Surge in Johnson and Johnson Medical Device Sales Spells Profits Ahead of Expectations

In their recent quarterly report, healthcare giant Johnson & Johnson exceeded Wall Street's forecasts with first-quarter adjusted earnings buoyed notably by a surge in sales from its medical devices division. The medtech segment showed significant momentum owing to the increased demand for nonurgent surgeries among older adults. These procedures had been previously delayed due to the Covid pandemic, causing a spurt in demand observed by healthcare providers such as Humana, UnitedHealth Group, and Elevance Health.
BUSINESS

What Is DBF in Spread Betting? Definition and Meaning in the Stock Market

Spread betting is a popular trading strategy in the stock market that enables investors to profit from the price movements of various financial options, such as stocks, currencies, indices, and commodities, without actually owning the underlying asset. The mechanism of spread betting involves betting on

NEWS

In just three days, Elon Musk sells 22 million shares of Tesla stock.

Elon Musk, the CEO of Tesla, disclosed an additional $3.6 billion in stock sales on Wednesday, bringing his year-to-date total to close to $40 billion and angering investors as the company’s shares slump to two-year lows. According to a securities filing, he sold 22 million

FINANCE

A Wall Street Crash Course On The Top 5 IPOs Of 2021

2021 included 1,057 IPOs, more than double the amount seen during any other year in history. This unprecedented frequency of companies going public showcases the vibrancy of the market and excites investors. An initial public offering (IPO) gives investors an opportunity to be a part

NEWS

Dow Jones Drops Over 900 Points And Counting

Last month, it was discovered that consumers were spending a lot of money on retail. Investors, however, were not impressed as stocks ended in the red. The Government also reported a solid rebound in sales related to retail back in June. Even with the rebound,

NEWS

Robinhood Fined $70 Million For Misleading Customers

The results are in! A whopping $70 million fine to the trading app, Robinhood. This moment is history considering it is the largest financial penalty ever ordered by FINRA. Robinhood continues to turn off its trading during huge market swings like the meme stock rally

FINANCE

Entrepreneurial Redditors Are Causing Historical Shifts In AMC Stock

AMC Entertainment was hit hard last year during the COVID-19 pandemic. They reported a whopping $4.59 billion loss in the 2020 fiscal year. This led AMC to nearly close its doors forever on movie-goers around the world. Hope for the beloved movie theater chain was

ENTERTAIN

GameStop: The Big Short…Squeeze

 In January 2021, the world watched as Reddit traders faced off with Wall Street elites in a trading mania over GameStop shares. Matei Psatta, one of the traders of subreddit WallStreetBets, joins us this week to comment on what this means and why the financial

NEWS

What Is Going On In the Stock Market?! GameStop Explained

Last week, the only thing that was on the news was GameStop, AMC, and Bed, Bath, and Beyond. It was like a wormhole of stock numbers and things that, until recently, I had no clue about. But I’m going to try to break it down

FINANCE

Why Investors Are Abandoning IPOs In 2021

Ever heard of a SPAC? That’s the new trend floating around Wall Street. It stands for special purpose acquisition company and everyone from former Speaker of the House Paul Ryan to Shaq to the youngest self-made billionaire, Austin Russell, is getting involved with these. So

SOCIETY

The Vaccine Is Giving People Hope for A Bright, COVID-less Future

Since the pandemic started, the United States has tried its hardest to get to a good economic place again. The pandemic caused an insane decrease in the economy, leaving many people jobless, moneyless, and in fear that it’ll only get worse. But here we are,

FINANCE

Why Pfizer CEO’s $5.6M Post-Vaccine Stock Deal Is So Sketchy

On November 9, 2020 Pfizer announced that it had produced a vaccine that is 90% effective against the coronavirus. Just yesterday, it was discovered that Pfizer CEO Albert Bourla sold $5.6 million in stock the day after their announcement. That is equal to 60% of

TECH

How Robinhood Has Revolutionized Investing

Traditionally, stock market investing has had the reputation of being riddled with fees and a climate where brokers and dealers prioritize their own personal gain. This, along with lofty minimum investment amounts and other barriers, has scared off the average American looking for an alternative

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