Kontoor Brands Inc. stock jumped nearly 5% in Tuesday premarket trading after the denim company reported fourth-quarter earnings that beat expectations and gave upbeat 2021 guidance. Net income totaled $43.1 million, or 74 cents per share, up from $28.8 million, or 50 cents per share, last year.
Abercrombie & Fitch Co. stock rose 1.3% in Tuesday premarket trading after the apparel retailer reported fourth-quarter earnings and sales that beat expectations. Net income totaled $82.4 million, $1.27 per share, down from $83.1 million, or $1.29 per share, last year. Adjusted EPS of $1.50 beat the FactSet consensus for $1.22.
Shares of Lumber Liquidators Holdings Inc. rallied 4.2% in premarket trading Tuesday, reversing earlier losses, after the hardwood-flooring retailer reported fourth-quarter profit and sales that beat expectations, while not providing financial guidance given uncertainties resulting from the COVID-19 pandemic.
Shares of S&P Global Inc. rallied 2.48% to $337.53 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.38% to 3,901.82 and the Dow Jones Industrial Average rising 1.95% to 31,535.51. The stock's rise snapped a two-day losing streak.
Shares of Kansas City Southern fell 1.9% in morning trading Tuesday, enough to pace the Dow Jones Transportation Average's decliners, after the railroad company provided a downbeat first-quarter revenue outlook. The company said it expects both volume and revenue for the current quarter to be down 4% from the same period a year ago, while the current FactSet revenue consensus of $724 million implies a 1.1% decline.
Dine Brands Global Inc. reported fourth-quarter net losses of $1.56 million, or 10 cents per share, after net income of $26.5 million, or $1.59 per share, last year. Adjusted EPS of 39 cents were down from $1.78 last year and missed the FactSet consensus for 67 cents.
CNN's Alisyn Camerota is joined by 6 people who were former QAnon followers, or have loved ones who still follow the conspiracy theories, about how they became indoctrinated into the world of conspiracies.
Shares of Workhorse Group Inc. bounced 4.7% in midday trading Monday, following the 50.9% drubbing they took last week, after the electric vehicle maker reported a surprise fourth-quarter net profit while sales came up shy of expectations.
Rising interest rates have caused a modest dip in stocks, and a pullback in tech stocks. BABA is now trading at some of the lowest valuations in its history.
Workhorse Group shares slipped after the electric-vehicle maker's fourth-quarter revenue trailed expectations. The stock also continues to suffer from the U.S. Postal Service's decision last week to award a potentially huge contract to build new delivery trucks to Workhorse rival Oshkosh . Many analysts expected Workhorse to take home at least part of the contract.
Aggreko PLC said Monday that it swung to a pretax loss for 2020 as revenue fell and that it expected 2021 to be a year of transition before returning to pre-Covid-19 levels of activity in 2022.
Perrigo Co. Plc prgo [ said Monday it has agreed to sell its generic business to Altaris Capital Partners LLC for $1.55 billion, including $1.5 billion in cash. Altaris will assume more than $50 million in potential milestone payments and contingent purchase obligations with third-party Rx partners.
Australian winemakers are suffering huge losses as diplomatic relations with China turn sour with China imposing crippling tariffs on Australian wine. December 2020 only saw $3 million worth of Australian wine exported to China -- down from over $134 million worth in December 2019. Journalist Angus Watson reports.
Shares of Plug Power Inc. charged higher Monday, after the J.P. Morgan analyst Paul Coster turned bullish, citing an "attractively priced" stock of a company with many "long-term growth opportunities." Coster raised his rating to overweight from neutral. He kept his stock price target at $65, which was 34.4% above Friday's closing price of $48.38.
U.S. stock-market futures rose Sunday night as Treasury yields continued to pull back from highs last week. Dow Jones Industrial Average futures were up more than 200 points, or 0.7%, while S&P 500 futures and Nasdaq-100 futures gained nearly 1%. Meanwhile, the 10-year Treasury note yield TMUBMUSD10Y, 1.402% dipped to 1.386%.
Boingo Wireless Inc. announced Monday an agreement to be acquired by Digital Colony Management in a deal valued at $854 million, including debt. The stock was up 18.3% in premarket trading prior to a trading halt for new, which extends to 9:50 a.m. Eastern.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option? Avista Corporation operates as an electric and natural gas utility company.
The extensive research explains the fluctuations faced by the Financial Data Service Providers market in recent years and the causes behind it as well. The experts involved researched numerous other aspects of the Financial Data Service Providers industry and attempted to make the report as informative as possible.
Treasury yields cooled off Friday, and so did the Dow and S&P 500, while the recently maligned Nasdaq and several of its tech components enjoyed a modest rebound. Wall Street flipped the week's script on Friday, with a cooling-off in interest rates stunting value-oriented stocks while providing much-needed relief for "growthier" names.
Movie theater operators are hoping the latest batch of earnings is a turning point after a tumultuous year. (ticker: CNK) reported mixed fourth-quarter results on Friday that sent shares nearly 2% higher. It reported a wider-than-expected loss of $2.03 a share, but revenue of $98.2 million beat expectations of $79.8 million, according to FactSet.