JABIL CIRCUITS HITTING ALL-TIME HIGH, AS IT POWERS AHEAD AFTER LATEST QUARTERLY EARNINGS RELEASE
Jabil Circuits is a Fortune 150 company, based in St. Petersburg, FL, with over $35 billion in annual revenue. A worldwide electronics manufacturer, designer, and supply chain provider, Jabil provides tailored products to over 300 well-known brands in the areas of mobile phones, packaging, healthcare diagnostic equipment, logistics, automation, and coffee machines. Among the 16 industries served are smart [...]
Netflix Executives Admit They Dropped the Ball With Ads – Is It Too Late for the Company Now?
Yesterday morning Reed Hastings - CEO of Netflix - went on the record to state that the company dropped the ball with its ad strategy. In fact, he states that Netflix should have launched its ad-supported tier years ago. In his interview with the New York Times, Hastings admitted he looked at advertising through the wrong lens for years. [...]
Campbells Soup is Up 5% After Earnings Beat, But Upside Potential & Safety Look Shaky
Everyone’s favorite canned soup brand got a nice bump Wednesday morning after reporting impressive earnings that beat analyst expectations. Furthermore, the company rose its outlook for the full fiscal year of 2023. Investors are flocking to this stock as the timing is right. But - with upside potential and safety leaving much to be desired, we’re still not sold [...]
Sumo Logic Jumps 11%+ After Earnings – 2 Things You Need to See Before Trading the Stock
Shares of Sumo Logic (SUMO) are trading over 11% higher this morning after a positive 3rd quarter earnings report. The company outpaced the expectations from Wall Street analysts on both the top and bottom lines - but before you make your next move with this stock, we’ve identified 2 things you need to see. Before we unveil those, let’s unpack [...]
VanEck Gold Miners ETF (GDX) – Ready to Pop After Its 28% Jump in the Past Month
VanEck Gold Miners ETF (GDX) - Ready to Pop After Its 28% Jump in the Past Month Gold mining companies mine, explore and refine the commodity. The price of gold mining companies and ETFs, as well as the price of gold bars, have had a rough ride over the past decade, and have been in the doldrums with no [...]
Rackspace Tech Stock Sinks 77% – and Not Just Because of the Security Breach…
Rackspace (RXT) sent out a press release over the weekend warning users of a security incident in the company’s hosted exchange environment. The news has created a frenzy and sent the stock down over 10% so far in Monday morning trading. But, the potential breach at Rackspace isn’t the only reason investors may want to close out [...]