By Leslie N. Masonson, MBA General Electric Company (GE: NYSE), the historic American multinational conglomerate, based in Boston and incorporated in 1892, once stood proudly as the sole survivor among the original thirty companies listed on the well-known Dow Jones Industrial Average. However, its reign came to an end on June 19, 2018, when [...]
On Friday, John Deere (DE) reported fiscal 2nd quarter earnings that came in well above analyst expectations. And yet, the stock closed lower than it opened at. And so far in Monday’s trading session, DE is picking up where it left off - heading down lower and lower. The company has only failed to [...]
The airline industry as a whole has been struggling as of late, and American Airlines (AAL) is the latest company to fall victim to a lackluster forecast. Yesterday, the airline company released its first-quarter profit forecast that left analysts and the market as a whole underwhelmed. The carrier reset expectations for profit, with most [...]
Nikola (NKLA), the electric truck manufacturer that has lost 96% of the value it had at IPO, appears to be poised to fall even lower. The company issued a press release expressing interest in a secondary stock offering to raise another $100 million. It’s also likely that the company will offer a private sale [...]
Michael Burry made a name for himself profiting from the subprime mortgage crisis. Because of what he managed to do, many investors still track his trades and follow his moves themselves. And recently, Burry added 7 new positions to his portfolio at Scion Asset Management as he believes an economic downturn is all but [...]
Sterling Infrastructure, Inc. (STRL:Nasdaq) is based in Woodlands, TX. The company was previously known as Sterling Construction and became public in 2001. Originally a bridge construction and highway company, Sterling has transformed itself as a civil construction company via acquisitions into an infrastructure services provider with a focus on providing U.S. customers with environmentally-responsible [...]
Over the weekend, Union Pacific (UNP) announced that the current CEO Lance Fritz is on his way out, and a leadership change will come by the end of the year. While the railroad company just delivered an impressive Q4 profit, a hedge fund that controls a $1.6b stake in the company publicly lambasted Fritz [...]
One of the biggest movers in this Wednesday morning’s trading session is Terran Orbital Corp. (LLAP). The company specialized in the development and operation of satellites, and just announced a huge contract with Rivada Space Networks. While shares have surged more than 60% by 11 AM EST, we’re still not sold from a pure [...]
John Deere (DE) stock welcomed Friday’s trading session with a nice 7% bump - and it doesn’t appear to be slowing down any time soon. This came as a result of an impressive earnings beat and a revised outlook for the year ahead. The company walloped Wall Street’s estimates for the first fiscal quarter [...]
Manufacturing giant 3M (MMM) delivered a lackluster performance in the most recent quarter. The company missed expectations for profits - but the real concern is the outlook for the year ahead. In this quarter last year, 3M recorded a net income of $1.34 billion - or $2.31 a share. This year, the figure was [...]
