Foot Locker Inc. FL, -0.10% stock is down 22.5% in premarket trades after the company reported first-quarter sales and earnings below analysts’ expectations and lowered its outlook. The retailer reported net income of $36 million, compared with net income of $133 million in the prior year’s quarter. Adjusted EPS came to 70 cents, compared with …
Continue reading “Foot Locker stock tumbles 22% on Q1 top and bottom line miss, lowered outlook”
Electric vehicle stocks have emerged as one of the most sought-after investments. Furthermore, in the coming years, industry-leading EV companies are poised to dominate the auto market. In fact, the sector is expected to grow by a staggering $917 billion globally by 2028, boasting a compound annual growth rate of 20.6%. Therefore, the growth potential for …
We’ve all heard the adage, “Sell in May and Go Away,” but should investors in contemporary times target stocks to sell in the fifth month of the year? According to Corporate Finance Institute, under the original context, the British upper class would sell their securities in May so that they can relax and enjoy the …
Source: Yuriy K / Shutterstock.com Dividend payments can be an important source of income for investors. For retirees, dividend payments can help replace employment earnings and supplement pension income. For these reasons, many investors seek out income from stocks that pay high dividends on a consistent basis. The best dividend stocks are known as the …
Continue reading “3 Dividend Aristocrat Stocks to Buy on Sale Right Now”
Energy 10 May 2023, 6:34 pm 1 minute Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow. Market Impact Turkey’s energy import bill hit a …
Continue reading “Turkey defers $600 million Russian energy payment under deal”
Energy 10 May 2023, 6:37 pm 1 minute Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025. Market Impact Chevron’s license broke a four-year U.S. prohibition …
Continue reading “Chevron aims to boost Venezuela oil output to accelerate debt recovery”
Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Check out the companies making headlines before the bell Thursday. Walmart – Shares of the retail giant rose more than 1.5% in premarket trading after the company raised its …
Continue reading “Stocks making the biggest moves premarket: WMT, TTWO, BBWI”
Business & Finance 10 May 2023, 6:45 pm 1 minute Reuters exclusively reported that CICC Capital, a unit of leading Chinese investment bank CICC (3908.HK), has stopped using Capvision Partners’ services following an investigation into the “expert network” as part of Beijing’s crackdown on national security. Market Impact CICC Capital’s parent CICC was one of …
Continue reading “CICC Capital bans consulting firm Capvision after China crackdown”
