1077 days ago
Goldman's economists predict 10.5% GDP growth for the second quarter, the strongest quarterly growth rate since 1978. A slowdown in growth is usually matched by sector rotations such that defensive industries tend to outperform.
1078 days ago
The amount of global market capitalization that has reported a negative profit number in the last year and in each of the last three years is higher than at any point during the past 22 years, and has even surpassed the dot com bubble.
1078 days ago
Equifax's stock price jumped 16% after the company reported better than expected earnings, with a $1.97 EPS beating expectations by $0.42. The company could also show a 59% increase in revenue from its workforce solutions business. "We are confident in our outlook for 2021, and are raising our full-year revenue guidance to a range of $4,575 million to $4,675 million, and our Adjusted EPS guidance to a range of $6.75 to $7.05." said Mark W. Begor, CEO.
1078 days ago
98,832 total battery electric vehicles were sold in the US in the first three months of 2021. With 38.1% of sales, Tesla's Model Y has the largest market share, followed by their Model 3. General Motors-owned Chevrolet's Bolt EV amounted to a little over 9% of the total sales. So far, Tesla remains the biggest seller on the US market, but for how long?
1078 days ago
Norwegian Cruise Line's stock price rallied 10% yesterday as Goldman Sachs upgraded its rating to buy from neutral. The investment bank believed that the cruising company is best positioned compared to others, considering its strong balance sheet and fundamentals.
