Costco Wholesale Corp. (NASDAQ: COST) released fiscal first-quarter earnings report after markets closed on Wednesday. The company posted $1.24 in earnings per share (EPS) and $28.1 billion in revenue. The consensus estimates from Thomson Reuters called for $1.19 in EPS and $28.3 billion in revenue. The same period of last year reportedly had EPS of $1.09 and $27.22 billion in revenue.
In his annual shareholder letter, JPMorgan CEO Jamie Dimon pointed to data showing a radically shrinking U.S. stock market, echoing an increasingly common refrain on Wall Street and in corporate America. Dimon is working alongside business luminaries such as Warren Buffett, BlackRock’s Larry Fink and GM CEO Mary Barra to promote long-term stock market investment and regulations that will....More>>>
Tesla Inc’s (NASDAQ:TSLA) Elon Musk is a natural-born disrupter. One of his latest endeavors is to wreak havoc on the trucking industry, which, by the way, hasn’t seen much innovation in many years.
TSLA’s electric semi has gotten instant traction, as marquee companies like Wal-Mart Stores Inc (NYSE:WMT), PepsiCo, Inc. (NYSE:PEP) and United Parcel Service, Inc. (NYSE:UPS)....More>>>
The market is clearly taking its lead from the buzz surrounding the tax reform vote as futures spent the overnight session on a dizzying roller coaster ride. This morning’s trade is less exciting with the major indices trading mixed; however, there are still a number of popular stocks that are moving into potentially dangerous short-term trends.
Today’s three big stock charts....More>>>
Last week, Jensen Huang led GPU major NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal 2018 third-quarter earnings crushing analyst estimates once again. NVIDIA delivered a massive beat on both top line and bottom line numbers even surpassing the high end of the analyst estimates. The Santa Clara, California based company posted an EPS of $1.33 per share on a revenue of....More>>>
Small cap high-definition video solutions stockAmbarella Inc (NASDAQ: AMBA) reported fiscal Q2 2018 earnings after the Thursday market close with results beating expectations, but shares are now falling as much as 13% in premarket trading. Revenue rose 10% to $71.6 million and GAAP net income was $3.3 million versus GAAP net income of $8.6 million. Total of cash, cash equivalents and marketable....More>>>
Futures are indicating a break in the rally as investors take stock of how quickly we’ve seen the rally lift stocks. From a technical perspective, the market remains in an overall trading range as we’ve not seen a technical catalyst that can sustain a trend higher in the S&P 500 Index. In all likelihood, that catalyst won’t come until the next earnings season which....More>>>
Geopolitical risk always exists. But historically, from an investing standpoint, it hasn’t mattered.
Each month, we book time with some of our company’s top financial brain power to answer questions about investing and your finances. This month we’re talking about political risk and your investments.
Our financial experts:
Ron Joelson is Northwestern Mutual’s....More>>>
It easily could be a tough day for stocks, as traders are worrying about Spar-a-Lago and moping about yesterdays ugly finish.
Why exactly does the stock market keep wallowing below its March 1 peak?
Analysts have a list of potential culprits: the Donald Trump-Xi Jinping summit that starts today in Florida, fears that tax cuts wont come soon, and the Feds plans to pare back its stockpile....More>>>
On Thursday, shares of chip maker Advanced Micro Devices (NASDAQ:AMD) initially started higher, before a sharp pullback caused the stock to lose more than 5.3% by day’s end. The cause of the drop was blamed on the falling cryptocurrency ethereum, which dropped throughout the trading day. Unfortunately for investors in the stock, the craziness surrounding digital currencies has separated....More>>>