Business

Walmart E-Commerce To Rise 40% of an Undisclosed Number

Posted: August 17, 2018 at 1:05 pm

When Walmart Inc. (NYSE: WMT) reported second-quarter results Thursday morning, the company's stock soared 10%. In guidance for the last half of its 2019 fiscal year, Walmart reaffirmed a previous ...
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How Nordstrom Knocked It Out of the Park in Q2

Posted: August 17, 2018 at 9:30 am

When Nordstrom Inc. (NYSE: JWN) reported its most recent quarterly results after the markets closed on Thursday, the department store chain said that it had $0.95 in earnings per share ...
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Aretha Franklin Sold 75 Million Albums

Posted: August 17, 2018 at 9:05 am

There has been no greater American popular singer than Aretha Franklin. It is difficult to imagine that there ever will be. We're not talking about sales here, but a hard-to-define ...
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Walmart Extends Grocery Dominance as Whole Foods Has Too Few Stores

Posted: August 17, 2018 at 6:20 am

Part of Walmart Inc.'s (NYSE: WMT) earnings success was its ongoing surge in grocery sales. It continues to be a dominant force in the industry. One of its primary advantages ...
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5 Most Important Things in Business Today

Posted: August 17, 2018 at 5:07 am

Tesla Inc. (NASDAQ: TSLA) faces accusations it spied on workers. According to Reuters: An employee fired from Tesla Inc’s Nevada battery factory filed a whistleblower complaint with the U.S. Securities ...
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JC Penney Analyst Downgrade Brigade Looks Atrocious

Posted: August 16, 2018 at 4:38 pm

J.C. Penney Co. Inc. (NYSE: JCP) is in the midst of a crisis. After poor earnings rattled the stock, most of its investors and customers have to be imagining whether ...
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As Crocs Closes Factories, Who Will Make Its Shoes?

Posted: August 16, 2018 at 2:02 pm

Crocs Inc. (NASDAQ: CROX), the maker of odd, casual shoes, posted reasonable earnings. It also said it would shutter all of its manufacturing operations. What it did not say is ...
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Are Teva and Mylan Entering an EpiPen Price War to Zero?

Posted: August 16, 2018 at 1:55 pm

Mylan N.V. (NASDAQ: MYL) has had a stranglehold on the market for EpiPen, but this is all changing after the U.S. Food and Drug Administration (FDA) approved Teva Pharmaceutical Ltd. ...
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New Osteoarthritis Treatment Could Precipitate Another Blockbuster Drug

Posted: August 16, 2018 at 12:55 pm

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) and Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) both saw handy gains on Thursday after the companies posted positive topline results from their late-stage trial of ...
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The Driving Force for Even Higher Growth at Lululemon Might Not Be What You Think

Posted: August 16, 2018 at 12:45 pm

Should analysts indefinitely chase up their ratings and targets on companies they follow? It's rather complicated, but this is a scenario that many investors find themselves contemplating if they have ...
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Why Canopy Growth Received a Speculative Buy Analyst Rating With Big Upside

Posted: August 16, 2018 at 11:45 am

Wednesday's market sell-off may have gone unnoticed by investors who have opted to invest in (or speculate in) some of the more widely known cannabis companies. Canopy Growth Corp. (NYSE: ...
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Vertex Wins FDA Approval for Expanded Cystic Fibrosis Treatment

Posted: August 16, 2018 at 11:15 am

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) shares saw a handy gain on Thursday after the U.S. Food and Drug Administration (FDA) gave the nod to Vertex’s cystic fibrosis (CF) treatment. Essentially, ...
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Ford Shares Drop Below $10 as Chairman Bill Ford’s Turnaround Fails

Posted: August 16, 2018 at 10:40 am

The stock of Ford Motor Co. (NYSE: F) has dropped below $10 a share, another milestone that marks the car company's failure to set and institute plans for a turnaround. ...
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US Drivers Learn More About Self-Driving Cars, Like Them Less

Posted: August 16, 2018 at 10:15 am

Over the past two years, U.S. drivers have become more aware of autonomous (self-driving) vehicles. More than three-quarters (78%) have some knowledge of autonomous vehicles that a human driver may ...
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Why Summit Therapeutics Is One of Thursday’s Top Biotechs

Posted: August 16, 2018 at 9:55 am

Summit Therapeutics PLC (NASDAQ: SMMT) shares made a solid gain early on Thursday after the firm announced that it was awarded an additional $12 million under its contract with the ...
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