Superdry PLC (LON: SDRY) ended more than 15% down today after reiterating plans of raising equity capital to improve its balance sheet. Superdry stock down on withdrawn outlook On Friday, the clothing brand said it wanted to issue new equity for up to 20% of its share capital. Superdry also confirmed that the said equity… Continue reading What made Superdry stock lose 15% on Friday?
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Wells Fargo Q1 earnings: ‘they’re managing through pretty well’
Shares of Wells Fargo & Co (NYSE: WFC) are roughly flat this morning even though the financial services behemoth reported market-beating results for its fiscal first quarter. Expert reacts to Wells Fargo Q1 results The multinational recorded $948.7 billion of loans for its Q1 versus $958 billion expected but better than $911.8 billion in the… Continue reading Wells Fargo Q1 earnings: ‘they’re managing through pretty well’
JPMorgan reports record revenue for Q1: is banking crisis over?
JPMorgan Chase & Co (NYSE: JPM) opened in the green on Friday after reporting strong results for its first financial quarter thanks primarily to the higher interest rates. Pro shares his view on the banking crisis Its quarterly update relieves some of the anxiety surrounding the banking sector at large following recent failures that helped… Continue reading JPMorgan reports record revenue for Q1: is banking crisis over?
Citigroup shares up after strong first quarter results
Citigroup (NYSE: C) shares rose pre-market on Friday as the bank’s first quarter 2023 financial report showed a strong operational performance. The Citigroup stock price was nearly 2% up in premarket trading, rising above $48. Citi shares rise after Q1 revenue beat Among the key metrics for the banking giant, first quarter 2023 net income… Continue reading Citigroup shares up after strong first quarter results
Rivian downgraded as concerns about cash burn remain
Rivian (NASDAQ: RIVN) received another downgrade on Friday as concerns about the company’s future remains. In a note, analysts at Piper Sandler downgraded their rating of the company from overweight to neutral. They expect that the company, which is a cash incinerator, will need to raise additional capital to implement its current strategy. Precisely, they… Continue reading Rivian downgraded as concerns about cash burn remain
Infosys stock price is hanging on a threat: buy the dip?
Infosys (NSE: INFY) stock price is hovering near its lowest level in 2022 after the company published weak financial results this week. Shares of the Indian giant dropped to a low of 1,400 INR in India and to $15.33 in New York. Infosys earnings and downgrade Infosys published weak results that reflected the state of… Continue reading Infosys stock price is hanging on a threat: buy the dip?
VIG ETF stock is rising: is it a better buy than SCHD fund?
The Vanguard Dividend Appreciation (VIG) ETF is bouncing back after it dropped to a multi-month low of $146 in March. It has jumped by 7% since then and is hovering at the highest level since February 17 of this year. Notably, the VIG ETF has outperformed the SCHD, which I wrote about here. VIG is… Continue reading VIG ETF stock is rising: is it a better buy than SCHD fund?
Tesco profits 2023: a reason to sell stock?
Shares of Tesco PLC (LON: TSCO) ended in the green on Thursday even though the retail giant said its pre-tax profit halved in fiscal 2023. Shore Capital recommends buying Tesco shares The stock remained resilient primarily because the supermarket issued better-than-expected guidance for the future. Tesco expects its retail adjusted operating profit to remain flat… Continue reading Tesco profits 2023: a reason to sell stock?
Jim Cramer is ‘very excited’ about Apple stock: here’s why
Apple Inc (NASDAQ: AAPL) is up 3.0% today following a Bloomberg report that its investments in India have already started to pay off. Jim Cramer reacts to the report The tech behemoth now makes about 7.0% of its iPhones in “Bharat” versus only 1.0% in 2021. Last year, Apple produced over $7.0 billion worth of… Continue reading Jim Cramer is ‘very excited’ about Apple stock: here’s why