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May 14, 2021

Earnings

Stocks making the biggest moves in the premarket: Disney, DoorDash, Snowflake, Fisker & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming service fell short of Wall Street predictions. Disney reported better-than-expected......

Chinese electric car company Xpeng predicts chip shortage will last another quarter

CNBC
CNBC – For more and to sign up click here Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — Chinese electric car start-up Xpeng expects......

Airbnb says first-quarter revenue rose 5% as vacationers return to travel

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CNBC – For more and to sign up click here Airbnb said revenue increased 5% in the first quarter, beating analysts’ estimates, as the rapid pace of vaccinations led to more travel. The company’s net loss tripled because of debt repayments and restructuring costs. Here’s how the company did: Earnings: Loss of......

Disney misses on subscriber expectations, parks revenue still hurt by Covid restrictions

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CNBC – For more and to sign up click here Disney reported second quarter results Thursday, posting lower-than-expected revenue and subscriber counts for its streaming service. The company’s stock dipped around 3.5% in after-hours trading. Earnings per share: 79 cents vs 27 cents expected in a Refinitiv survey of analysts......

Coinbase revenue tripled from last quarter as crypto prices skyrocketed

CNBC
CNBC – For more and to sign up click here The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase shares were down about 3%......

Alibaba swings to net loss as $2.8 billion antitrust fine weighs on earnings, but revenue beats forecast

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CNBC – For more and to sign up click here Signage at the Alibaba Group Holdings Ltd. headquarters in Hangzhou, China, on Wednesday, March 24, 2021. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Alibaba swung to a net loss in its fiscal fourth quarter as a massive......

Poshmark’s first-quarter sales rise 42% as sticker-conscious shoppers turn to used clothes

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CNBC – For more and to sign up click here Rafael Henrique | LightRocket | Getty Images Poshmark on Wednesday reported first-quarter revenue growth of 42%, as consumers turned to the secondhand site to refresh their wardrobes without breaking the bank. “There’s a real meaningful shift as people are preparing......

Palantir CFO says company is considering holding bitcoin on its balance sheet

CNBC
CNBC – For more and to sign up click here People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images......

All eyes are on this inflation number, which could have the biggest gain in nearly a decade

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CNBC – For more and to sign up click here People buy groceries on a Walmart store on August 23, 2020 in North Bergen, New Jersey. Kena Betancur | VIEW press | Corbis News | Getty Images Consumer inflation data for April is expected to show the biggest year-over-year gain......

Spot gas shortages could worsen if Colonial Pipeline doesn’t reopen by the weekend

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CNBC – For more and to sign up click here Image showing the Colonial Pipeline Houston Station facility in Pasadena, Texas (East of Houston) taken on May 10, 2021. Francois Picard | AFP | Getty Images If the Colonial Pipeline is not back in business by the weekend, prices could......

Stocks making the biggest moves after hours: fuboTV, Opendoor Technologies, Electronic Arts & more

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CNBC – For more and to sign up click here The fuboTV logo is hung from the New York Stock Exchange on the day of its IPO in the Manhattan borough of New York City, New York, U.S., October 8, 2020. Carlo Allegri | Reuters Check out the companies making......

Stocks making the biggest moves in the premarket: Virgin Galactic, Callaway Golf, Palantir & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares tanked 19.9% in premarket action. The company lost 55 cents per share for its latest quarter, more than double the 27......

Palantir reports 49% revenue growth for its first quarter

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CNBC – For more and to sign up click here Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Palantir, the maker of software and analytics tools for the defense......

Mall owner Simon’s CEO sees shopper ‘euphoria’ as people return to stores

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CNBC – For more and to sign up click here Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters The biggest U.S. mall owner Simon Property Group says......

Roblox revenue grows 140 percent in first earnings report since going public

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox shares rose as much as 5 percent in after-hours trading, following the release of......

The Trade Desk tanks 20% after reporting earnings and stock split

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CNBC – For more and to sign up click here Jeff Green, CEO of The Trade Desk Scott Mlyn | CNBC Shares of ad tech company The Trade Desk tanked as much as 20.6% Monday after the company reported first-quarter earnings and a ten-for-one stock split.  Here’s how The Trade......

Roku is offering a ‘pretty good entry point’ after blowout earnings, trader says

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CNBC – For more and to sign up click here Roku’s riveting earnings report has some traders doubling down on the streaming stock. They include Piper Sandler’s Craig Johnson, who told CNBC that Roku shares still offered opportunity after their 11.5% surge in response to earnings on Friday. Roku in......

Inflation is the big challenge for markets and the Fed in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE After April’s disappointing jobs report, market focus will shift squarely to inflation in the week ahead. The tug-of-war over tech stocks will also continue to be a dominant......

The stock market may be misreading what this weak jobs report means for the Fed

CNBC
CNBC – For more and to sign up click here The much weaker than expected April jobs report reinforces the Federal Reserve’s easy policy stance, but some strategists still expect the central bank to signal in the next couple of months that it will slow down its bond buying. Economists......

Kellogg first quarter sales, earnings strong

FoodBusinessNews
BATTLE CREEK, MICH. — Fueled principally by strong results in non-US markets, Kellogg Co. enjoyed solid growth in first-quarter sales and earnings and raised its guidance for the 2021 fiscal year. Net income at Kellogg in the first quarter was $368 million, equal to $1.07 per share on the common......

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