Over the long run, Wall Street has proven to be a bona fide wealth creator. Although other asset classes, such as bonds and housing, have made investors richer, nothing else comes remotely close to the average annual return that stocks have delivered for more than a century. Right now, Wall Street is enjoying yet another […]
Costco (COST) posted another bulk-sized quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumables, as we see the food business and dining […]
Costco (COST) posted another bulk-sized quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of of $3.70. Same-store sales, excluding fuel, jumped 6.5%, led by its growing international business […]
Netflix (NFLX) stock slid as much as 8% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street. On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion. […]
Apple (NASDAQ: AAPL), Microsoft, Nvidia, Amazon, Alphabet, Meta Platforms, and Tesla are seven tech companies that have come to be known as the “Magnificent Seven.” Although investors usually target this bunch for their growth potential, some may wonder which Magnificent Seven stock is the least expensive. Based on a few popular valuation metrics, Apple stands […]
Berkshire Hathaway Inc. CEO Warren Buffett is renowned not just for his investments in blue-chip stocks but also for his advice on market dynamics. At the 2010 Berkshire Hathaway Annual Shareholders meeting, he revealed his approach to evaluating market health. Buffett articulated a somewhat paradoxical metric, suggesting that a decrease in housing starts could signal […]
Coming off a big year for AFRM stock, beating profit and revenue consensus estimates will naturally be possible catalysts for Affirm Holdings (AFRM) when it reports fiscal second-quarter earnings on Thursday. But two other financial metrics will also be key for the consumer financing firm and Affirm stock. Affirm provides buy now, pay later (BNPL) […]