Day: August 25, 2022
Burlington Stores Inc. shares BURL, -5.75% slid 9.6% in premarket trading Thursday, after the discount retailer missed second-quarter sales estimates amid a challenging macro background and offered guidance that was below consensus. The company posted net income of $12 million, or 18 cents a share, for the quarter, down from $103 million, or $1.50 a […]
Dollar General DG, -0.19% shares rose 1.4% before market open, boosted by strong second-quarter results and robust full-year guidance. The retailer reported sales of $9.4 billion, compared with $8.7 billion in the same period last year. The sales increase was primarily driven by positive contributions from new stores and growth in same-store sales, according to […]
Blackstone Group Inc. BX, +1.91% is seeking to acquire the back catalog of major art rock band Pink Floyd for nearly $500 million, the Financial Times reported on Thursday. Blackstone already owns a majority stake in Hipgnosis Song Management, and would set up the deal through that business, the newspaper reported, citing corporate filings. Sony […]
Shares of Coty Inc. COTY, +9.54% were ahead 0.8% in premarket trading Thursday after the beauty company matched expectations with its latest financial results. The company generated a fiscal fourth-quarter net loss from continuing operations of $286 million, compared with a loss of $221 million a year before. On a per-share basis, Coty lost 34 […]
Sporting retailer Hibbett Inc. HIBB, +6.33% posted net income of $24.7 million, or $1.86 a share, for the second quarter, down from $46.7 million, or $2.86 a share, in the year-earlier period. Sales fell 6.3% to $392.8 million from $419.3 million a year ago. The FactSet consensus was for EPS of $2.14 and ales of […]
A new survey hints at a lack of crypto awareness in Russia as only 6% of respondents were found to have good knowledge of crypto. 865 Total views 52 Total shares Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to […]
U.S. stocks opened higher after fresh data showed a drop in weekly jobless claims, signaling that layoffs remain near record lows in a tight labor market even as the U.S. economy slows. The Dow Jones Industrial Average DJIA, +0.40% was up around 0.1% soon after the opening bell, while the S&P 500 SPX, +0.89% gained […]
Type: Bearish Drop Key Levels:Resistance: 33435Pivot: 32609Support: 31851 Preferred Case:On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price […]
Type: Bearish Drop Key Levels:Resistance: 4325.00Pivot: 4200.25Support: 3950.00 Preferred Case:On the H4, with price breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 4200.25 where the pullback resistance and 38.2% fibonacci retracement are to the 1st support at 3950.00 […]
Tesla Inc. shares TSLA, +0.22% were up 2.2% premarket Thursday, as they started trading on a split-adjusted basis, joining Alphabet Inc. GOOGL, -0.15%, Amazon.com Inc. amxn and other megacap companies dividing their stock this year. The EV maker’s board approved the 3-for-1 split on Aug. 5 and detailed the proposal to split on its proxy […]
