Home Depot Earnings Unexpectedly Rise Despite Inflation Headwinds

Home Depot Earnings Unexpectedly Rise Despite Inflation Headwinds

Home Depot (HD) reported a surprise first-quarter earnings gain early Tuesday and raised full-year revenue guidance even as the home improvement giant starts to feel the impact of inflation on costs and store visits. Lowe’s (LOW) follows Wednesday. Home Depot stock and Lowe’s rose before the open. X Following a strong 2020 and 2021, this … Read more

Rivian CEO Bought Stock in the EV Start-Up. The Shares Are Rising.

Rivian CEO Bought Stock in the EV Start-Up. The Shares Are Rising.

Text size CEO R.J. Scaringe’s recent purchase means he owns about 4.5 million shares of Rivian stock. Courtesy of Rivian Rivian ’s CEO R.J. Scaringe stepped up and bought the dip in his company’s stock, purchasing 41,000 shares of the electric vehicle start-up on Monday. The purchase, disclosed late Monday, seems to be helping shares … Read more

Sea Game Revenue Tops Estimates, Offsetting E-Commerce Slowdown

Sea Game Revenue Tops Estimates, Offsetting E-Commerce Slowdown

(Bloomberg) — Sea Ltd.’s core gaming revenue grew faster than expected in the first quarter, offsetting a slowdown across the rest of the Southeast Asian internet giant’s business as online activity retreats from pandemic-era heights. Most Read from Bloomberg Sea’s gaming arm, its most profitable division, posted sales of $1.14 billion, versus projections for less … Read more

Walmart Stock Slumps After Q1 Earnings Miss, Profit Outlook Cut

Walmart Stock Slumps After Q1 Earnings Miss, Profit Outlook Cut

Updated at 7:16 am EST Walmart  (WMT) – Get Walmart Inc. Report posted weaker-than-expected first quarter earnings Tuesday, and cut its full-year profit forecast, as surging costs ate into the bottom line of the world’s biggest retailer.  Walmart said adjusted earnings for the three months ended in December came in at $1.30 per share, falling 23% … Read more

Dow futures up nearly 500 points ahead of retail sales and comments from Fed’s Powell

Dow futures up nearly 500 points ahead of retail sales and comments from Fed's Powell

U.S. stock index futures surged on Tuesday, with the technology sector leading the way higher ahead of a batch of economic data, including April retail sales and comments from several Federal Reserve speakers, including Chairman Jerome Powell later in the session. Walmart’s WMT, +0.11% earnings are also due Tuesday. How are stock-index futures trading? S&P … Read more

Warren Buffett Buys Stocks On the Dip

Warren Buffett Buys Stocks On the Dip

Billionaire Warren Buffet has been acquiring stocks on the dip during the recent market downturn and bulking up his stakes in oil companies such as Occidental ( (OXY) – Get Occidental Petroleum Corporation Report). Through the end of 2021, Berkshire Hathaway ( (BRK.A) – Get Berkshire Hathaway Inc. Class A Report had amassed a large amount of … Read more

Billionaire George Soros Ditches GM

Billionaire George Soros Ditches GM

If it were up to iconic investor and short-seller George Soros to pick the winners of automotive electrification, General Motors  (GM) – Get General Motors Company Report would have a lot to worry about.  The legacy carmaker is however doing everything to be one of the major players in the very lucrative segment of electric vehicles. … Read more