It has been an interesting earnings season for the Medical sector so far. The sector primarily comprises pharma/biotech and medical device companies. Most of the large drug and biotech companies have already announced their second-quarter results. Most companies beat estimates for earnings and sales. A majority of these drugmakers also raised their guidance for 2023. As expected, COVID-19 drug sales […]

After U.S. markets closed on Thursday, Apple beat consensus estimates for both earnings per share (EPS) and revenue, but revenue dipped by 1.4% year over year, the third consecutive quarter to see an annual dip in sales. Despite that, the company said that its installed base of iPhones and other devices reached an all-time high. For Apple’s fourth quarter ending […]

Robinhood lost around 1 million users in Q2 2023, sending its shares tumbling by nearly 6% on Thursday. However, the brokerage firm’s turned a surprisingly strong profit in the three months and hit the GAAP profitability for the first time as a publicly-listed company. Robinhood’s Crypto-based Revenue Fell 18% in Q2 Shares of Robinhood dipped around 6% at the market […]

Despite e-commerce stocks suffering from the cooling of the pandemic-induced e-commerce boom and unfavorable market dynamics, the signs of easing inflation during the second quarter of 2023 are likely to have benefited them. According to the data from the Commerce Department, retail sales in the United States rose 0.3% in May, following an increase of 0.4% in April. Online purchases […]

WASHINGTON (Reuters) -U.S. efforts to hold Donald Trump criminally responsible in a plot to overturn the 2020 election were gaining steam, as the former president prepared to face federal charges in a Washington courtroom on Thursday while Georgia state prosecutors looked poised to issue their own charges in coming weeks. Trump – the front-runner for the 2024 Republican presidential nomination […]

The medical sector and other global economies are facing macroeconomic challenges such as supply-chain constraints, increased material costs and shortage of workers after the pandemic crisis. Despite the revenue recovery in the first half of 2023, following gradual economic reopening in 2022, the margins were affected by these headwinds. The Zacks Medical – Products industry bore the brunt along with […]

Before U.S. markets open Tuesday morning, 86 companies are scheduled to report quarterly earnings results. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with an asterisk have not confirmed […]

Regulatory agencies around the world are trying to get their arms around the cryptocurrency market. It has not been smooth sailing, and the water is only getting rougher. In an interview with the Financial Times, Coinbase Global CEO Brian Armstrong said the U.S. Securities and Exchange Commission (SEC) asked the company to stop trading all cryptocurrencies except Bitcoin before it […]

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep […]