GE Looking Like The Next Citi/B of A
General Electric, in the single digits, is starting to trade like Citi and B of A (GE Chart).
General Electric, in the single digits, is starting to trade like Citi and B of A (GE Chart).
While not quite as well known as The Big 5, semiconductor manufacturer Nvidia (NVDA) – with a $500 billion market cap – is one of the most popular and important stocks in the market – and it reports 4Q22 earnings…
Before the open this morning, JP Morgan analysts downgraded semiconductor king Intel (INTC) from “Buy” to “Hold”. They suggested Intel experienced a late quarter slowdown in orders that will hurt the 4th quarter and therefore slightly lowered their 4th quarter…
Ecommerce platform provider Shopify (SHOP) reported a bad quarter Thursday before the open. Revenue growth decelerated to 22% as the economy reopens and consumers shift more of their spend to brick and mortar from online. SHOP said it expects this…
Family Dollar (FDO), a discount retailer, reported another superb quarter this morning. Same store sales were up 6.4% and net income up 33%. They increased their fiscal 2009 EPS forecast from $1.63-$1.81 (1/7/09) to $1.90-$2.00. Clearly their business is on…
At 10:24am EST, Moody’s, the ratings agency, issued press releases downgrading a bunch of Alt-A mortgage backed securities issued by investment bank Bear Stearns (BSC) (subscription required). This class of mortgage backed securities, of course, was responsible for the problems…
There is very little interest in Nike (NKE) right now due to another difficult quarter Tuesday afternoon that has resulted in the stock having lost ~3/4 of its value since late 2021. While I have been following NKE for 2…