Target Corp (TGT.N) on Tuesday forecast muted profit growth in 2023 and warned of the need for more discounts to woo shoppers cutting their discretionary spending due to surging inflation. The retailer’s discounting strategy powered its sales and profit in the holiday quarter to exceed market expectations for the first time in a year, lifting…
Norwegian Cruise Line Holdings Ltd (NCLH.N) forecast for its first annual profit in three years fell short of estimates on Tuesday, as the cruise operator feels the squeeze from soaring fuel and labor costs. Shares fell about 6% in early trading after the company’s bigger-than-expected first-quarter loss estimate. Norwegian Cruise and rival cruise operators such…
Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report. By the time the numbers hit shortly after the US market close, it was clear that optimism had been gravely misplaced. The online used-car dealer had lost almost $7,400 on every vehicle it sold in the quarter.…
Wayfair Inc. (NYSE:W) rose almost 9% amid a research report about improved share trends for the ecommerce company.Wayfair (W) share trends increased for the first time since Q1 2021, driving improved strength in Q4, according to a M Science report from Wednesday. Early Q1 trends are mixed.Wayfair (W) is scheduled to report Q4 results next…
Royal Caribbean Group (RCL.N) said on Tuesday it was set for record bookings during the January-March period after the company posted a smaller-than-expected quarterly loss on pent-up travel demand. Shares of the company rose about 5% in early trade as investors were encouraged by the latest sign of the industry sailing out of the pandemic-induced…
Tesla (NASDAQ:TSLA) rose 11% after a similar gain on Thursday amid a research report about high demand for the EV maker’s Model Y in the U.S.Tesla total configurations (ex-Cybertruck) are on track to be up Y/Y and M/M based on data through Jan. 23, primarily driven primarily by high demand for the Model Y, according…
It’s the middle of the afternoon on a workday — not quite peak lunch hour, yet the new, massive Topgolf in Louisville, Ky., is packed. Nearly all of the hitting bays throughout the three-floor facility are filled with consumers across demographics who are either there to celebrate something, or just because. The building and driving…
Peloton is a company that has been criticized heavily for its solvency issues.With a debt/equity ratio of 9.3, those criticisms have certainly been merited.However, its real problem is that it launched a product that only made sense in the context of COVID-19 lockdowns.The pandemic resulted in gyms shutting down, leading many people to buy home…
It’s disrupting a huge industry, and it just hit a new all-time low.Picking market-beating stocks in a volatile economic environment is no easy feat, especially as some economists are calling for a deep recession next year. In an uncertain environment, though, it’s always smart to look for stocks with sustainable competitive advantages, attractive valuations, and…
Activision (NASDAQ:ATVI) ticked up almost 1% at least partly after a report that’s positive on the latest “Call of Duty” release. M Science sees “Call of Duty” capturing share and creating headwinds for Electronic Arts’ (EA) Apex Legends and others.