Another whirlwind week for Tesla Inc (Nasdaq: TSLA) finished off with an 8.9 percent sell-off on Friday following an emotional new interview by CEO Elon Musk and reports that the U.S. Securities and Exchange Commission is investigating Musk’s motives for announcing a potential deal to take Tesla private. Analysts say the market’s negative reaction to the interview could…
Nvidia Corporation (Nasdaq: NVDA) investors aren’t used to disappointing earnings reports. However, NVDA stock dropped 4 percent Friday morning after a guidance miss on Thursday afternoon, but analysts say there’s still plenty to love about Nvidia.
Macy’s Inc. (NYSE: M) stock has taken quite a beating this week, dropping roughly 15 percent after second-quarter earnings disappointed the market. Unfortunately for Macy’s investors, analysts say the second half of 2018 will be more challenging.
Brick-and-mortar retail Best Buy Co Inc (BBY) has been mostly immune to headwinds, and analysts say the company is well-positioned in some of the few growth businesses remaining in the retail sector.
J C Penney Company Inc (ticker: JCP) shares plunged, falling as much as 25 percent on Thursday, with shares now down 34 percent in the past year following another disappointing quarter from the brick-and-mortar retailer. J.C. Penney also once again lowered its full-year guidance, and analysts say investors shouldn’t expect things to get easier from here.
Walmart Inc (NYSE: WMT) stock jumped 10 percent on Thursday after the company reported a big second-quarter earnings beat and hit its target for online sales growth. Unlike other retailers who are struggling with rising costs, Walmart seems to be thriving in a difficult environment.
Expectations are high for new Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Brian Niccol, and the Chipotle management team got a vote of confidence from Wall Street on Wednesday. Morgan Stanley analyst John Glass has upgraded CMG stock from “equal-weight” to “overweight,” but not all analysts are as optimistic about Chipotle’s outlook.
Macy’s Inc (NYSE: M) once again reported better-than-expected earnings and raised its full-year outlook on Wednesday, but the retailer’s second quarter wasn’t enough to keep investors from taking profits on M stock. Shares were down 14 percent by midday Wednesday as some investors see Macy’s ballooning costs as a potential red flag.
The Coca-Cola Co (ticker: KO) is taking a minority ownership stake in sports drink BodyArmor. Analysts say the BodyArmor deal is Coca-Cola’s latest attack on rival PepsiCo (PEP) and its Gatorade subsidiary, which has been eating away at Coca-Cola’s sports drink market share.
Nvidia Corporation (Nasdaq: NVDA) investors got some long-awaited good news on Monday when the company unveiled its next-generation Turing graphics chips and said the technology will be available starting in the fourth quarter.