Adidas Faces First Loss in 30 Years, But Long-Term Prospects are Upbeat: 3 Things For Investors to See
Adidas (ADDYY) has been struggling to regain its footing since falling out with rap and fashion icon Kanye West back in 2022. This finally caught up to the German sportswear giant as it took on its first loss since 1992 amidst high-inventory levels weighing down sales. The company reported a net loss of 58 million euros. It was the [...]
Oracle Stock is Up 11% on Solid Q3 Earnings: 3 Other Reasons to Buy This ORCL Today
Shares of Oracle Corp. (ORCL) are up more than 11% this Tuesday morning after the company delivered solid Q3 earnings, outpacing analysts on the bottom line despite coming up a bit short on the top line. The company grew revenue 7% to 13.28 billion, but this fell just shy of the $13.3 billion analysts were expecting. That being said, [...]
Market Whirlwind: Recap of last Week’s Ups and Downs
Market Recap: Navigating Uncertainty Stocks began the week on a cautious note as investors grappled with uncertainty ahead of Fed Chair Powell’s testimony to Congress. The Dow declined by 0.3%, the S&P500 ended 0.1% in the red, and the Nasdaq fell 0.4%. Interest Rate Worries Return: On Tuesday, interest rate worries resurfaced, leading to sharp declines across the Major [...]
Boeing Falls 3% as Justice Department Begins Criminal Investigation: Is it Time to Sell BA?
Shares of Boeing Co. (BA) are down more than 3% to start the week after news of the US Justice Department’s criminal investigation broke. The airliner is being probed for its role in a recent near-disaster aboard a January 5 flight in which a door plug blew out, leaving a hole in the 737 MAX 9 jet and leading [...]
Marvell Falls 7% on Q1 Guidance, But Long-Term Prospects are Upbeat: 3 Things For Investors to See
After delivering a lackluster outlook for the fiscal first quarter of 2024, Marvell Technology (MRVL) is down 7% in Friday morning trading. The company has surged over the past year thanks in large part to the AI craze, but the rest of the business is struggling. For the fiscal fourth quarter, overall revenue came in at $1.43 billion which [...]
Victoria’s Secret’s Weak Sales Guidance Sparks Investor Concern, Shares Fall 30%: Time to Sell?
Victoria’s Secret (VSCO) is down more than 30% so far Thursday after issuing a sales guidance that fell short of analyst expectations. The company is now forecasting net sales in 2024 of $6 billion. Meanwhile, the expectation on Wall Street was at least $6.19 billion. This cautious forecast is being attributed to a drop in demand across the apparel [...]
