Best Buy shares soar after better-than-expected first-quarter earnings Best Buy is seeing growth in appliances, and will bring more in-home services to customers this year Best Buy Co Inc. attributed its better-than-expected quarter to mobile, gaming and improved overall sales trends. Neil Saunders, managing director of GlobalData Retail, thinks it has more to do with […]
Yesterday, shares of Under Armour (UAA) surged 9.9% as investors cheered its better-than-expected earnings. Baird’s Jonathan Komp and Benjamin Bray, however, note that the Bull-Bear debate around Under Armour is far from over. And remember, this is coming from a pair of bulls. So why do Komp and Bray warn investors not to make too […]
Shares of ExxonMobil (XOM) traded up as much as 1.5% this morning after the oil giant beat earnings forecasts. They’ve been coming in ever since. Exxon reported a profit of 95 cents a share, beating forecasts for 88 cents, on sales of $63.3 billion, missing forecasts for $66.4 billion. In a note released before the […]
Cerner (CERN) soared to the top of the S&P 500 today after the health care information technology company reported better-than-expected earnings and revenue. Cerner gained 7.8% to $64.75 at 5:03 p.m. today, while the S&P 500 declined 0.2% to 2,384.20. Canaccord Genuity’s Richard Close and Brian Hoffman contend Cerner may be “rediscovered its mojo.” They explain: We […]
Synchrony Financial (SYF) tumbled to the bottom of the S&P 500 today after missing earnings forecasts by a wide margin thanks to a bigger-than-expected jump the amount of money set aside to cover bad loans. Synchrony Financial dropped 16% to $27.80, while the S&P 500 declined 02% to 2,384.20. Jefferies analyst John Hecht and team write […]
