Accenture Jumps 7% on Upbeat Forecast Despite Earnings Miss: Does AI Growth Make ACN a BUY?
Accenture (ACN) delivered fiscal Q3 results Thursday morning right before the market opened, and despite a miss on the top and bottom lines, the company’s forecast for the road ahead was enough to send shares nearly 7% higher. Revenue for the third quarter was disappointing at just $16.47 billion, narrowly below the $16.53 billion estimate. Adjusted profit per share [...]
Dell Was Down After Disappointing Earnings, But the Road to Recovery is Underway: Time to Buy?
Just last month Dell Technologies (DELL) reported first-quarter earnings that fell short of Wall Street’s expectations, taking the stock down from its all-time high of $179/share. It fell more than 30% in just a few days, eroding market cap and scaring investors out of their positions. The issue was that despite AI growth fueling the top and bottom lines, [...]
The Slowing U.S. Retail Sector and Implications for the Stock Market
U.S. Retail sales figures were released this week and revealed yet another sign that consumer sentiment is cooling. While sales did grow, up 0.1% month-over-month in May 2024, it was still below forecasts of 0.2%. Importantly, the figure also follows April’s figures, which showed a decline in sales. Taken together, this would indicate that Americans are increasingly feeling the [...]
How Many Dividend Stocks Should I Own? Tips on Building a Dividend Portfolio
Dividend stocks are a great way to achieve long-term capital growth or short-term income depending on your goals, which is why learning how to build a dividend portfolio is one of the best stock investment strategies. But how many dividend stocks should I own? Why is diversification so important? What are some diversified dividend portfolio examples? These are just a [...]
La-Z-Boy Climbs 17% After Beating Q4 Earnings, Raising Q1 Outlook: Why it May Be Time to Buy LZB
Shares of La-Z-Boy (LZB) are up nearly 18% so far Tuesday morning on the heels of its fiscal fourth-quarter results and preliminary first-quarter guidance. The furniture company’s results for the quarter ending April 27th surpassed analyst expectations on both the top and bottom lines. Adjusted earnings came in at $0.95 per share ahead of the $0.70 per share consensus. [...]
Autodesk Investors Can Rest Easy as Financial Investigation is Over: ADSK is Up 5% on the News
Autodesk (ADSK) investors have been anxiously awaiting an update since April 1 of this year after the company became aware of potential discrepancies in its free cash flow and non-GAAP operating margin practices. This led to the delay of its 10-K for fiscal year 2023 pending a full investigation into the issue, resulting in the stock falling as much [...]