902 days ago
Many banks beat earnings expectations this quarter, and Goldman Sachs was no expectation. Earnings per share were of $14.93 vs. a $10.18 consensus estimate. The revenue was of $13.61 billion vs a $11.68 consensus estimate. Shares of the company rose 2% in premarket trading.
902 days ago
If we look closely at the numbers, we can tell than expectation is everything in the market. Tesla has $42 billion in sales vs $365 billion for Berkshire, and a $2 billion net income vs. $106 billion for Berkshire. Source: Compound
910 days ago
The supply problem of the auto industry is good news for rental car companies. Avis Budget Group's shares has risen 245% this year, vs. a 16% growth for the S&P 500. The rally quickened over the last month with a 39% jump. The spread between analysts’ average price target and Avis’s share price is now the widest since 2006, when Bloomberg began compiling data. Source: Bloomberg
910 days ago
The Korean phone manufacturer also took a hit from the global tech sell-off, but despite shares that have sharply underperformed the rest of the broader South Korean market, ratings remain bullish wtih 93% of 45 analysts have buy or equivalent rating for the chipmaker. Source: Bloomberg
912 days ago
The 5 "FAAMG" stocks have accounted for a third of the global S&P 500 drop since its closing high. Apple took down the index by 58.5 basis points, Facebook by 34.2 bp and Microsoft, Amazon and Alphabet each by around 32 bp. Tesla and mostly Energy and Financials stocks have been the biggest positive contributors. Source: Bespoke
