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Category: Stocks

News Stocks 

Big Tech Is Under Attack, and Investors Couldn’t Care Less

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“Amazon shares lost roughly 34 percent of their value between September 2018 and Christmas” writes Matt Phillips for nytimes.com. Some investors dumped their shares late last year as the company’s juggernaut web services division experienced a temporary deceleration in sales growth. The Fed’s efforts buoyed shares broadly, helping to set off the best start for the S&P 500 since the late 1980s.Trump publicly accused Amazon of avoiding taxes and called The Post, which has aggressively covered the Trump administration, a lobbyist for the company. Source: nytimes.com

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News Stocks 

AutoZone Surpasses Q1 Earnings & Revenue Estimates

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“Revenue: AutoZone posted revenues of $2.79 billion in the quarter, which beat the Zacks Consensus Estimate of $2.76 billion” writes Zacks Equity Research for nasdaq.com. The company reported first-quarter fiscal 2020 results, wherein adjusted earnings of $14.30 per share beat the Zacks Consensus Estimate of $13.69.Quote Zacks Rank: Currently, AutoZone carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.Check back later for our full write up on AutoZone earnings report!.  Source: nasdaq.com

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News Stocks 

Thor Stock Down More Than 5% Despite Q1 Earnings Beat

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“Segmental Results Post the acquisition of EHG, the company expanded the number of reporting segments to three: North American Towable RVs, North American Motorized RVs and European RVs” writes Zacks Equity Research for nasdaq.com. Thor Industries, Inc.’s THO shares fell more than 5% on Dec 9, after the company reported first-quarter fiscal 2020 (ended Oct 31, 2019) results, wherein earnings topped analysts’ expectation but net sales missed the same. Source: nasdaq.com

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News Stocks 

Stocks open lower as investors eye report of December tariff delay

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“U.S. stocks opened slightly lower on Tuesday even after news reports indicated both Washington and Beijing were preparing to delay tariffs due to kick in on Dec. 15” writes Sunny Oh for marketwatch.com. Stock-market futures were trading sharply lower in the morning but shed their losses towards the opening bell. Source: marketwatch.com

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Markets News Stocks 

London Stock Exchange consults on shorter trading hours

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“The Exchange would like to know if market participants consider that the longer hours in Europe a benefit to liquidity” reports financefeeds.com. Alternatively, market participants may consider the concentration of trading hours to increase turnover and liquidity.A question related to this is: “Would a reduction of trading hours reduce the interest of non-European investors in trading European equities?” The Exchange would also like to know what would be the anticipated impact for corporate issuers on European markets of adjusted trading hours and what would the implications be for equity options…

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News Stocks 

Netflix stock drops after Needham turns bearish, says company needs to add an ad tier

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“NFLX, -1.58% are off 2.4% in premarket trading after Needham analyst Laura Martin downgraded the stock to underperform from hold, writing that she expects the streaming giant to shed 4 million U.S. subscribers in 2020 due to the high price of its service relative to other streaming offerings” writes Emily Bary for marketwatch.com. She argued that the company’s balance sheet wouldn’t be able to sustain lower revenue from this lower-priced tier so Netflix should consider adding six to eight minutes an hour of advertisements for this hypothetical tier priced at…

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News Reviews Stocks 

Stocks Daily Review December 10, 2019

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Stocks Daily Review for December 10, 2019 A manager of the No. 1 stock fund over the past 20 years attributes his success to a contrarian approach. He shares his most surprising calls, including why he prefers Samsung to Apple. Jason Subotky of Yacktman Asset Management explains his top calls, and how he chooses stocks for the No. 1 and 2 large cap funds of the past 20 years.   Stitch Fix shares rise 6% on revenue jump, names president Stitch Fix Inc. shares rose 6% in after-hours trading Monday…

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