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Stocks

“Generac Earnings Jump 71% Amid Strong Demand For Backup Power”

July 28, 2021

“…Generac Earnings Estimates: FactSet consensus was for Generac earnings per share of $2.31, 65% above the year-ago quarter, with sales up 59% to $867 million. Results: Generac earnings per share leapt 71% to $2.39 a share. Revenue climbed 68% to… Continue Reading…

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Business, Economy

“One corner of the auto market is hitting records as used car prices surge”

July 28, 2021

“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…

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Business, Stocks

“Boeing posts surprise profit as aircraft demand rebounds from pandemic slump”

July 28, 2021

“…Boeing’s revenue rose 44% to nearly $17 billion from $11.8 billion a year earlier, beating analyst estimates of $16.54 billion. Here’s how the company performed compared with analysts’ estimates complied by Refinitiv: Adjusted EPS: 40 cents vs a per-share loss… Continue Reading…

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Stocks

“Hasbro stock jumps after big profit beat, as Wizards of the Coast revenue more than doubled”

July 26, 2021

“Shares of Hasbro Inc. surged 2.3% in premarket trading Monday, after the toy maker reported a second-quarter adjusted profit that was more than double what was expected, as revenue got boosts from strength in franchise brands and Wizards of the… Continue Reading…

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Business, Stocks

“Alphabet Could Scale to Fresh Record High on Upbeat Q2 Earnings; Target Price $3,000”

July 26, 2021

“The parent of Google and the world’s largest search engine that dominates internet search activity globally, Alphabet, is expected to report its second-quarter earnings of $19.33 per share, which represents year-over-year growth of about 90% from $10.13 per share seen in the same… Continue Reading…

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Cryptocurrencies

“Bitcoin Nears $40,000 as Shorts Fuel Rally on Amazon Speculation”

July 26, 2021

“Bitcoin surged near $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry… As the largest digital token gained on the speculation, investors rushing to cover bearish bets fueled… Continue Reading…

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Economy

“Used car prices rose 21% during the pandemic: How buyers can find a good deal and sellers can take advantage”

July 26, 2021

“Used car prices averaged $25,410 during the second quarter of 2021, up from $20,942 a year ago, according to automotive resource site Edmunds. That’s a 21% jump. Because of the global microchip shortage, manufacturers are unable to produce enough new cars to… Continue Reading…

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Stocks

“QuantumScape Stock Isn’t a Buy, but Shares Could Rise Almost 70%. What Gives?”

July 23, 2021

“J.P. Morgan analyst Jose Asumendi is the latest Street analyst to recommend caution. Wednesday, he launched coverage of QuantumScape (ticker: QS) with a Hold rating on its stock and a $35 price target. It’s a lukewarm rating. Still, QuantumScape stock is having a fine… Continue Reading…

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Stocks

“Shares of Indian food delivery start-up Zomato jump over 80% in market debut”

July 23, 2021

“Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday. The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees on… Continue Reading…

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Stocks

“Snap pops more than 16% on earnings beat and user growth”

July 23, 2021

“Snap’s stock jumped after the company reported Thursday its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth. Here’s what Snap reported versus Wall Street’s estimates: Adjusted earnings per share: 10 cents vs. 1 cent loss forecast by… Continue Reading…

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