Nio will need to show record monthly vehicle deliveries in December by a large margin to hit even the low end of its prior estimates.
All of the major indexes fell into bear market territory at various points this year with the Nasdaq Composite taking one of the bigger hits. Many Wall Street experts expect the bear market, or at the very least a correction, to stay with us well into 2023 as a recession looms. Analysts at Bank of America (NYSE: BAC) said the S&P 500 could fall to 3,240 by April, which would be a roughly 18% decline from current levels, before climbing back to around 4,000 by the end of the year -- which is essentially where it is now.
Smith & Wesson Brands (NASDAQ: SWBI) reported financial results that missed the target by a wide margin. After markets closed Tuesday, Smith & Wesson reported earnings of $0.26 per share on revenue of $121 million for its fiscal second quarter, which ended Oct. 31. The company blamed the macro environment for the miss, along with a difficult competitive environment.
Worried about the prospect of a recession coming next year? Well, that sounds like a mild scenario, if Michael Burry’s prognosis is anything to go by. The investor whose famous bet against the US housing market was documented in “The Big Short,” thinks a ‘multi-year recession’ is potentially in the cards – and one more severe than currently expected. This statement follows previous warnings regarding the economy, such as predicting last year that the ‘mother of all crashes’ is coming, while also
Yahoo Finance's Brian Sozzi previews expectations for Costco earnings.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces a conference call for investors and analysts will be held on Thursday, December 8, 2022 at 11:00 am Eastern Time. Participants will include Scot Evans, Chief Executive Officer, Dr. James Granath, Chief Geoscientist, and Grayson Andersen, Head of Capital Markets.
Shares of MongoDB (NASDAQ: MDB) were flying higher today after the database software company posted strong results in its third-quarter earnings report. MongoDB, which specializes in NoSQL database software, trounced estimates in its latest update and even reported a surprise profit. Its cloud-based product, Atlas, again led the way with 61% growth and now makes up 63% of total revenue.
Shares of Lovesac (NASDAQ: LOVE) were down 16% as of 11:40 a.m. ET on Wednesday after the company delivered better-than-expected earnings results for the fiscal third quarter ending Oct. 30. It was a strong quarter in the context of the economic environment. Lovesac clearly has a superior brand positioning and is taking significant market share.
In this article, we discuss the 13 best gold stocks to buy for recession. If you want to read about some more gold stocks, go directly to 5 Best Gold Stocks To Buy For Recession. According to a report by S&P Global, the sentiments for gold investment have risen over the past few months due […]
The board of AbbVie Inc. ( NYSE:ABBV ) has announced that it will be paying its dividend of $1.48 on the 15th of...
While speaking at Benzinga’s Future of Crypto event, investments in and by FTX were discussed as one of the biggest topics impacting the cryptocurrency sector. Kevin O’Leary was an investor in FTX and Anthony Scaramucci’s Skybridge Capital received an investment from FTX. Both shared their takeaways from the event of FTX and what happened with Sam Bankman-Fried. FTX Investments: Scaramucci said that many did not see warning signs with 25 of the greatest venture capitalists investing in FTX. Acco
Whether Santa eventually comes or not is still to be determined, with Mr. Claus perhaps postponing a decision until next Tuesday’s CPI release. Strategists led by Greg Boutle, head of U.S. equity and derivatives strategy, are expecting a capitulation event next year. “This would be a departure from the current bear market regime, which has been characterized by a grind lower in equities as P/E multiples have contracted,” they say.
Shares of Devon Energy (NYSE: DVN) fell 11.4% in November, according to data provided by S&P Global Market Intelligence. The primary factor weighing on the oil stock was its third-quarter report, where the company unveiled a lower total dividend payment. Devon Energy launched the oil industry's first fixed-plus-variable dividend framework in early 2021.
Despite the challenging economic environment, Global-e Online and Farfetch look positioned for a bright future.
Intel (INTC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Shares of Ollie's Bargain Outlet (NASDAQ: OLLI) were sliding today after the discount retailer missed estimates in its third-quarter earnings report. Ollie's, which offers deep discounts on name-brand closeout merchandise and excess inventory, said that comparable sales in the quarter rose 1.9%, and overall revenue increased 9% to $418.1 million, missing estimates at $429.1 million. Gross margin fell by 40 basis points to 39.4% due to higher supply chain costs and a slight decrease in merchandise margin, and overall operating margin declined 80 basis points to 7.1%.
Insiders at United Parcel Service, Inc. ( NYSE:UPS ) sold US$2.5m worth of stock at an average price of US$192 a share...
Should investors prepare for a winter full of persistent headwinds? Inflation remains high, rising interest rates are putting a squeeze on capital as well as making consumer credit more expensive, and both the China COVID lockdowns and the Russian war in Ukraine continue to crimp global supply chains. But even though the markets are facing serious headwinds, not every stock is going to react by falling. According to the analysts at Wall Street giant Deutsche Bank, two interesting stocks are like