U.S.-listed China stocks have undergone a significant decline from their 2021 levels, leading CNBC’s Mad Money host, Jim Cramer, to suggest a potential opportunity to include some of these stocks in one’s portfolio. Following a surprising rate cut by the People’s Bank of China, Cramer expressed his belief that the country is working to stimulate…
AbbVie Inc (NYSE: ABBV) delivered its Q2 earnings report with noteworthy figures, showing resilience amid challenging conditions. Adjusted EPS for the quarter stood at $2.91, which, despite being down 13.6% year-over-year, surpassed the consensus estimate of $2.80. The company’s overall sales experienced a decline of 4.9% year-over-year (or 4.2% on an operational basis), totaling $13.87…
The market is abuzz with enthusiasm as Canopy Growth Corporation (NASDAQ:CGC) shares exhibit a strong upward trend on this eventful Wednesday. An interesting observation is that the stock seems to be closely influenced by the performance of Tilray Brands, Inc. (NASDAQ:TLRY). Tilray has recently released its fourth-quarter and fiscal year 2023 financial results, surpassing analysts’…
One-third of the Dow components released Q2 results this week. This gives us tremendous insight into the economy and investor perception. The primary term being used by analysts to describe earnings results is “better-than-feared” as market expectations were extremely low. The outlooks have been conservative and suggest we have further weakness to contend with in…
It is a busy week in the markets. One-third of the S&P 500 and Dow Jones indices are posting Q2 results over these five sessions. Did we mention that there is also a Fed decision this week? And we still have earnings from Amazon (AMZN) and Apple (AAPL) after the close. Market participants try and…
M-I-C-K-E-Y M-O-U-S-E! Ah the joyous sound of children singing that song. This is one of the many reasons why the Mouse House is billed as “The Happiest Place on Earth”. Investors may take umbrage with that statement. Shares of the company are down -45% from last year when it hit an all-time high and down…
Over the past couple of weeks, market action has been driven by macro forces. This is normal seasonality as investors await the Q1 earnings report cards. We are finally getting those corporate earnings. This allows us to see how the macro issues are impacting individual companies. Investors will be able to parse through winners and…
Earnings season is upon us. Investors want to see the impact of rising input costs and supply chain constraints on companies sales and margins. The reports come at a critical moment for markets as indices sit on key support levels. Banks dominate the early part of earnings season. When your business is your balance sheet…
Chipmaker Micron (MU) reported results Tuesday, March 29 after the close. The company reported iQ2 results which end in February. This means MU results post before peers. This provides market participants invaluable information ahead of the primary reporting period Micron designs, manufactures, and sells memory and storage products. It provides DRAM and NAND products. NAND…
The pandemic accelerated the corporate world’s digital transformation. Enterprise cloud computing solution provider Salesforce.com (CRM) benefitted from the adoption. However, shares of CRM have fallen 30% from early November peaks. Valuation was a concern as investors headed for the hills in a rising rate environment. CRM saw additional headwinds around fears that orders were being…
