FedEx (FDX) reported fiscal 4th quarter earnings on Tuesday, and while there were some positive highlights, much of the report was negative. As a result, shares fell more than 5% in extended trading. This was the company’s third consecutive quarter in a row of declining revenue, as sales fell more than 10% to just [...]
After years of delays, it appears Virgin Galactic (SPCE) is prepared to embark on its first commercial flight into space later this month. Sometime between June 27 and June 30th, a team of 3 Italian researchers will lift off onboard Galactic 01. Pending the company’s first successful commercial space tourism flight, monthly flights will [...]
by Leslie N. Masonson, MBA TopBuild Corp. (BLD:NYSE), headquartered in Daytona Beach, Florida and incorporated in 2015 boasts a 13,119 person workforce. The company was previously known as Masco SpinCo Corp with a name change in 2015. Their main business focuses on two market segments: installation and specialty distribution. Other areas of products and [...]
Earlier this week, Plug Power (PLUG) had its analyst day. The company’s executives laid out plans to reach long-term goals, and the findings were certainly intriguing. By 2030, the alternative energy company expects to produce more than 2,000 tons of hydrogen daily - all through its green-hydrogen network. And, that’s just the beginning. Plug [...]
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 [...]
