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Macy’s stock rallied some 2.75% by midday Wednesday, only to pull back to 1% below the day’s opening price. At issue is stronger-than-expected online sales, but massive losses in the second quarter as the pandemic raged. Macy’s has to address a fundamental weakness in its competencies: Online should not be less profitable
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Zoom and DocuSign stock just went parabolic in Tuesday trading.But putting earnings in perspective makes the shares look pricey.And the pandemic economy might not be forever.The Nasdaq Composite hit another record high Tuesday. The tech-heavy benchmark has gained roughly 3% since Thursday when Jerome Powell said the Fed wouldn’t mind
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The U.S. stock market marches forward with strong momentum buoyed by optimistic earnings from tech giants. While there are no clear signs of correction, strategists see the emergence of warning signs as the markets enter a phase of “euphoria.” Economists foresee a continuous increase in the U.S. liquidity, which might offset risks
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According to the second-quarter earnings result released, Target reported the strongest gain in comparable sales of 24.3%. TGT stock is 12% up today.Target Corporation (NYSE: TGT) released its second-quarter earnings result, blowing past Wall Street predictions. The American retail corporation hit an all-time high in online sales, and stores opened for not
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According to the Q3 earnings report, Apple now has $193.817 billion cash on hand. AAPL stock is up after hours.American multinational technology giant Apple Inc (NASDAQ: AAPL) announced on Thursday its fiscal Q3 earnings blowing past Wall Street’s expectations, reporting revenue of $59.69 billion. Apple Q3 earnings per diluted share
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Deutsche Bank released its Q2 earnings today, the figures outperformed expectations. However, DBK stock is down today.Deutsche Bank AG (ETR: DBK) on Wednesday released its Q2 2020 earnings posting impressive figures despite the COVID-19 economic downturn and the bank’s ongoing restructuring. As against the consensus estimate of 133 million euro
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Visa reported Q3 earnings and revenue that fell sharply as the coronavirus pandemic led to a global recession, plunging consumer spending. V stock is down.American multinational financial services corporation Visa Inc (NYSE: V) stated that its non-adjusted (GAAP) net income for Q3 2020 stood at $2.4 billion or $1.07 per
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Following strong Q2 2020 report, Tesla stock rose. TSLA closed at $1,592.33 per share yesterday and added 4.06% to $1,657.00 after-hours. On Wednesday, after the market closed, the electric vehicle innovator Tesla Inc (NASDAQ: TSLA) announced its Q2 2020 earnings results. The company’s financial performance exceeded analysts’ expectations. As a result,
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After the published Q2 report, Morgan Stanley (MS) stock price is rising. As the market opened today MS stock is 0.78% up.Morgan Stanley (NYSE: MS) has published its Q2 2020 earnings results. The net revenues turned out to be better than a year ago despite teh current economic situation in
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The DeFi industry may be booming this year, but a new report shows earnings have fallen despite a huge surge in token prices.The second quarter token report from Bankless, a DeFi focused newsletter from Mythos Capital founder, Ryan Sean Adams, revealed that earnings fell by 42% in the second quarter,
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