The recent rally in Chewy shares can be attributed to Roaring Kitty, also known as Keith Gill, who is infamous for his involvement in meme stock trading. By posting a picture on social media that resembled the logo of Chewy, Gill caused a surge in the stock price, with shares jumping as much as 34%
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Shares of Walgreens took a significant hit, falling nearly 20%, following disappointing financial results for the fiscal third quarter. The company reported lower-than-expected earnings and revised its full-year adjusted profit outlook downwards. Despite a strong performance in its healthcare segment, the retail giant is facing challenges in the current environment for pharmacies and U.S. consumers.
Southwest Airlines recently experienced a setback as its shares plummeted by approximately 4% in premarket trading following a downgrade in its second-quarter revenue forecast. The airline attributed this revision to changing booking patterns, indicating that revenue per available seat mile is now anticipated to decline by 4% to 4.5% compared to the previous estimation of
FedEx experienced a significant boost in its shares, rising more than 15% after announcing earnings that exceeded analysts’ expectations. The company reported an earnings per share of $5.41, surpassing the anticipated $5.35. In terms of revenue, FedEx reported $22.11 billion, slightly higher than the expected $22.07 billion. Despite the positive results, FedEx’s full fiscal year
Cisco’s Greater China head expressed great optimism about the company’s increasing business with Chinese electric car manufacturers as they venture overseas. The electric vehicle (EV) segment is emerging as one of the U.S. tech giant’s top priorities in the region, with manufacturing companies, particularly those in the electric car industry, being a significant revenue generator.
In today’s rapidly evolving retail landscape, traditional brick-and-mortar stores are facing increasing competition from e-commerce giants like Amazon. One such struggling retailer is Target, which is now turning to Shopify in a bid to revamp its online offerings. By teaming up with Shopify, Target hopes to attract new and trendier brands to its marketplace, Target
When considering potential investments in today’s market, it is important to analyze the recommendations of top analysts in order to gain valuable insights. According to TipRanks, Delta Air Lines (DAL) is one of the top picks among the Street’s leading professionals. Analyst Helane Becker from TD Cowen recently reiterated a buy rating on DAL with
Darden Restaurants recently reported mixed quarterly results, with one of its most well-known chains, Olive Garden, experiencing a decline in same-store sales for the second straight quarter. This disappointing trend is a cause for concern for the company, as Olive Garden has historically been a key contributor to Darden’s overall success. Looking ahead to fiscal
British fintech firm Zilch made headlines by securing a remarkable $125 million in debt financing from Deutsche Bank, a move that is set to revolutionize its growth trajectory. The deal, structured as a securitization, will not only triple the company’s sales in the next few years but also pave the way for a potential initial
The U.S. Department of the Treasury and the IRS have recently announced a new plan aimed at closing a significant tax loophole that has been exploited by large, complex partnerships. This plan is expected to generate more than $50 billion in tax revenue over the next decade. The focus of this initiative is to address