Baidu Inc. (BIDU) is set to report its second-quarter earnings on Thursday, with Wall Street expecting $2.76 in EPS and $4.4 billion in revenues. While short-term indicators suggest some upward momentum, the broader technical analysis leans towards a bearish outlook for Baidu in the near term. The stock is facing selling pressure, and the MACD indicator reinforces this bearish sentiment.
Macy’s Inc. shares took a hit after the company reported a weaker-than-expected second-quarter revenue. While profits surpassed estimates, the lowered full-year sales forecast and slowing growth across all brands raised concerns among investors. Goldman Sachs analyst Brooke Roach highlighted the need for clarity on the extent of the slowdown and Macy’s strategies to navigate the challenging economic environment.
Toll Brothers, Inc. (TOL) stock soared on Wednesday after the luxury homebuilder exceeded third-quarter earnings expectations and issued optimistic guidance for the 2024 fiscal year. The company’s strong sales and robust backlog suggest continued demand in the housing market despite recent interest rate fluctuations.
Snowflake Inc. (SNOW) is set to report its second-quarter earnings after the market closes on Wednesday, August 21st. Analysts anticipate earnings per share of 16 cents and revenue of $849.7 million. The article analyzes recent analyst ratings and price target changes for SNOW, highlighting the varying perspectives on the company’s future performance.
Walmart’s stock is experiencing a positive surge on Wednesday, driven by Target’s impressive second-quarter earnings report and Walmart’s announcement of plans to sell its stake in JD.com. The sale, expected to bring in up to $3.74 billion, signals Walmart’s strategic focus on its own operations in China.
Immersion Corp. (IMMR) stock surged after reporting impressive second-quarter financial results. The company’s revenue skyrocketed, driven by its haptics technology and a strategic investment in Barnes & Noble Education.
CNBC’s ‘Halftime Report’ featured final trades on several stocks including Salesforce, Nasdaq, UnitedHealth, and TJX. Analysts anticipate strong earnings from Salesforce and TJX, while UnitedHealth’s recent performance has been positive. Nasdaq also received a favorable outlook.
Nordson Corporation is set to release its third-quarter earnings results on Wednesday, August 21. This article explores the company’s dividend yield and how investors can utilize it to generate passive income, outlining the necessary investment amounts for desired monthly dividend payouts.
Gold Flora GRAM saw a 2% decline in Q2 2024 sales, missing estimates and raising concerns. The company attributed the drop to increased discounting and seasonal factors, although production output increased. Despite the challenges, Gold Flora remains focused on expanding its production and retail presence, leading analysts to maintain an overweight rating.
Analog Devices (ADI) reported a decline in revenue for its fiscal third quarter, but the results exceeded analysts’ expectations. The company’s Industrial and Communications revenue segments saw significant drops, while Automotive and Consumer revenue performed better. Despite the challenges, ADI expects sequential growth in the fourth quarter and remains optimistic about the future.
