Tag Archives: analysts

(Bloomberg) — Roblox Corp., the developer of a video-game platform that’s widely used by preteens, fell as much as 7.8% in late trading after reporting second-quarter bookings that missed Wall Street estimates. Bookings, a measure of sales, rose to $665.5 million, the San Mateo, California-based company said Monday, missing the $683.3 million average of analysts’ estimates. In July, daily active users rose 8% from the prior month to 46.6 million. Roblox doesn’t provide forecasts. To… Source link

Successful market investing is all about finding opportunities, and buying into the right stocks at low prices. The only real ‘trick’ to navigating the market is recognizing those opportunities, since ‘low prices’ is a relative concept, not an absolute. A low price for a famously expensive stock like Amazon will still be in the thousands, while a low price for an obscure penny stock may be less than one dollar. A look at stock charts will help to find companies whose shares are… Source link

Electric vehicles (EVs) have been on the roads for the better part of two decades now, in slowly increasing numbers. The technology isn’t new – EVs were part of the initial wave of automotive technology over a century ago – but modern metallurgy, batteries, and drive trains have made them more practical. While the internal combustion engine still offers an overall better package of performance, power, and price, EVs are catching up. They are getting a boost from the government, in the… Source link

Bitcoin pulled back on Friday after rising nearly 10% earlier this week. The cryptocurrency was trading around $32,000 at press time and is up about 2% over the past seven days. Ether, the world’s second largest cryptocurrency, is holding above $2,000 and is up about 6% over the past week.  Upside momentum is improving, which could keep crypto buyers active into the weekend. Some analysts expect a short-squeeze to push bitcoin above the 50-day moving average around $34,000 given oversold… Source link

Netflix (NFLX) is set to announce its Q2 2021 earnings after the closing bell on Tuesday, with investors looking to see if the streaming giant can recover after missing analysts’ expectations by nearly 2 million subscribers in Q1. Here’s what Wall Street is expecting from the company as compiled by Bloomberg versus how it performed in the same quarter last year. Revenue: $7.32 billion expected versus $6.14 billion in Q2 2020 Earnings per share: $3.14 expected versus $1.59 in Q2… Source link

Tuesday’s CPI inflation numbers made a splash. The index surged 5.4% over the last year, surpassing expectations of 4.9%. Core inflation (which excludes the volatile gas and food categories) was up 4.5% year-over-year. Both were up 0.9% over last month, the biggest jump since 2008. Here’s what analysts had to say about the report, and what it means going forward. Good news and bad news A big question surrounding inflation recently is whether it’s transitory or more likely to become more… Source link

If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat (NASDAQ: BYND) or bankrupt car rental companies like Hertz (OTC: HTZGQ), Redditors are going… Source link

It’s been a pretty great week for Yandex N.V. (NASDAQ:YNDX) shareholders, with its shares surging 11% to US$67.73 in the week since its latest first-quarter results. The results don’t look great, especially considering that the analysts had been forecasting a profit and Yandex delivered a statutory loss of ₽11.29 per share. Revenues of ₽73b did beat expectations by 4.7% though. Earnings are an important time for investors, as they can track a company’s performance, look at what the… Source link

Apple (AAPL) reported its Q2 2021 earnings after the closing bell on Wednesday, blowing away analysts’ expectations on the top and bottom line. Revenue was up a whopping 54% year-over-year on strong hardware sales in the quarter. Still, executives on Apple’s conference call warned of the impact of the ongoing global chip shortage on Apple’s hardware business. Supply constraints could have a revenue impact of $3 billion to $4 billion in the June quarter, Apple’s CFO Luca Maestri said on the… Source link

Benzinga Apple, Facebook And The Fed: Full Plate Later Today Means Market Could Hit Lull Ahead Of News If earnings season has a crescendo, we’re right in the middle of it. Even as investors digest results from Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT), they await Apple (NASDAQ: AAPL) and Facebook (NASDAQ: FB) this afternoon. Along the way there’s a Fed meeting conclusion. Tomorrow morning brings gross domestic product (GDP) data, with Amazon (NASDAQ: AMZN) in the wings later… Source link