profitable

Warren Buffett’s Berkshire Hathaway has been on a buying spree when it comes to shares of Occidental Petroleum. In fact, over the past nine trading sessions, Berkshire has been consistently increasing its stake in the Houston-based oil and gas producer. This recent surge has brought Berkshire’s holding to almost 29%, making them the largest institutional
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The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
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The United States saw a remarkable increase in millionaires last year, standing out among other countries by adding 600,000 new millionaires. According to a report by Capgemini, the millionaire population in America grew by 7.3% in 2023, reaching a total of 7.5 million individuals. Their combined wealth surged to $26.1 trillion, up by 7% from
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The recent financial performance of Trump Media has raised concerns among investors, as the company reported a net loss of $327.6 million on a meager $770,500 in revenue for the first quarter of 2024. This significant loss equates to a net loss of $3.61 per share attributable to common stockholders. The company attributed its loss
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Although the frenzy of home renovations seen during the pandemic has cooled off slightly, homeowners are still eager to invest in their living spaces as the spring housing market begins to heat up. According to the 2024 Cost vs. Value report from Zonda Media, certain home improvement projects are now offering the highest return on
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In a recent quarterly report, Walmart has managed to surpass both revenue and earnings expectations. The company’s success can be attributed to its significant e-commerce gains, the success of newer businesses like advertising, and the ability to attract more high-income shoppers. During the three-month period that ended in April, Walmart reported an adjusted earnings per
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Netflix’s recent announcement revealed that its cheaper, ad-supported tier has seen significant growth in global monthly active users. The streaming service reported that the number of users has jumped to 40 million, nearly double the figure shared just a few months ago. This surge in users showcases the appeal of a more affordable option for
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