Stocks To Buy

The past few years has seen the rise of entirely new businesses online. Areas such as e-Sports are overtaking physical sports in terms of value and customer interest. That’s also true with sports gambling, which, thanks to some legal changes, is now widely available online. The big player in that space isDraftKings (DKNG). The company went public last year via a SPAC and was an early winner in that way of going public. Like many SPAC and post-SPAC companies, however, shares have ...
Read More About This

With most of the tech space focused on the semiconductor shortage, a few areas are performing well in spite of the industry effects. One area? Memory. From solid state drives to flash drives, demand for storing more and larger amounts of data has remained constant. That’s great for companies that produce these products. And based on the latest earnings numbers, it’s clear that these companies are in an uptrend. For instance,Western Digital (WDC) just reported better-than-expected financial results. While revenue was down ...
Read More About This

For most companies, share buybacks sound attractive. They can offset shares issued to executives. And as long as the market is rising, things look good. Most companies aren’tApple (AAPL). The consumer tech giant just beat earnings and raised its share buyback program to a staggering $90 billion. That’s on top of a dividend payout as well, increasing the amount of cash the company returns to shareholders every year. The $90 bullion share buyback is pretty close to the $89.6 billion the company ...
Read More About This

Earnings season makes for some rich trades. While many traders expected shares ofMicrosoft (MSFT) to rally to a $2 trillion valuation after earnings, the company instead surprised with a drop instead. The company saw revenue up 19 percent compared to a year ago, its highest level. And the company beat analyst expectations. But revenues from the company’s Azure division, where it does its cloud services, seemed a little light to shareholders. The end result is that, in spite of great earnings, shares ...
Read More About This

There’s always a lot to read on a company’s earnings report.Tesla Motors (TSLA) fared well with a strong earnings and sales beat. And the company disclosed that it sold some of its Bitcoin position at a profit, making over $110 million there—or more than it’s made from selling cars in its existence. Yet even with strong earnings numbers and a solid return on cryptocurrency trading, shares sagged a bit. Looking out over the longer term, shares appear to be setting up for ...
Read More About This

What do you get when a stock beats on its quarterly earnings numbers and when it raises guidance? Typically, you get a rally. But not always. If you get a selloff when that happens, the numbers suggest such a selloff may be temporary. That could be the case withHoneywell International (HON). The industrial giant has been positioning itself for faster growth and embracing better technology. That allowed it to post better-than-expected earnings on Friday, and raise the full-year 2021 outlook. Yet shares ...
Read More About This

While earnings season has come in strong, a few misses have occurred. Within that group of stocks, some companies are likely to continue to struggle. Other firms, however, are demonstrating short-term issues that are likely to lead to higher prices in time. One such name in the latter category isAmerican Express (AXP). Shares dropped on Friday as the company reported solid earnings with better-than-expected profits. The issue? The company’s revenues were a little on the low side. Overall, the company reported $9.1 ...
Read More About This

Earnings season is off to a strong start. Despite a few high-profile misses, most companies have beaten expectations. One company has had a series of better-than-expected numbers in the past year that’s about to report earnings once again. That company isMicrosoft (MSFT). The tech giant has seen explosive growth in the past year thanks to a shift to remote work during the pandemic, and analysts are expecting revenue up 17 percent this quarter. Shares are at all-time highs, but are only up ...
Read More About This