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Walmart Reports Q1 Earnings Beat, E-Commerce Sales Increase By 74%

Posted by Tanzeel Akhtar, Benzinga.com

on Tuesday, 19 May 2020 6:48

Walmart Inc shares were trading higher premarket Tuesday after the retailer reported better-than-expected first-quarter EPS and sales results for fiscal year 2021.

Walmart posted adjusted earnings per share of $1.18, beating the analyst consensus estimate of $1.17. This is a 4.42% increase over earnings of…click for full article.

Results From Oxford University’s Human Trial Of Coronavirus Vaccine Could Arrive In June; Where Inovio, Moderna Stand

Posted by Shanthi Rexaline

on Thursday, 14 May 2020 10:48

The University of Oxford, which is partnering with large-cap pharma AstraZeneca plc to develop a vaccine for SARS-CoV-2, could lead the pack in advancing its vaccine candidate to the next stage.

The university is one of the eight companies and institutions that have advanced their candidates to human testing, according to the latest World Health Organization statistics.

Phase 1 Results In Mid-June

About 1,000 people have been vaccinated in the first phase of the vaccine program, which is going as planned and without safety scares, Prof. John Bell, regius professor of medicine at the Oxford University, reportedly told BBC Radio 4’s Today program.

Results of the Phase 1/2 trial that is underway could be available by mid-June, Bell said.

“We also want to make sure that the rest of the world will be ready to make this vaccine at scale so that it gets to populations in developing countries, for example, where the need is very great.” CLICK for complete article

Stocks Tumble As Tepper Says Market “Most Overvalued Since The Bubble Of 1999”

Posted by ZeroHedge

on Wednesday, 13 May 2020 10:01

On a day when the market commentary of “big rich guy” investors has earned a public rebuke from the president himself, we suspect more than the usual number of viewers tuned in to hear David Tepper, the founder of hedge fund Appaloosa Management and owner of the Carolina Panthers, during a noontime interview on CNBC Wednesday.

Offering a wary market outlook, Tepper said that while he suspects the bottom might already be in, there are simply too many areas in this market that are way too overvalued, and the legendary trader predicted more chaotic trading ahead. And speaking specifically about the Nasdaq, which has been on a surprising tear as just a handful of tech stocks carry the entire market, Tepper said the overvaluations were some of the worst he’s seen since 1999, the heyday of the dotcom bubble.

Tepper even acknowledged that many of the tech stocks which he still holds – stocks with arguably the best earnings prospects post-crisis – are “fully valued”.

Stocks tumbled on Tepper’s comments as traders ignored the president’s advice to ignore rich Wall Street traders. CLICK for complete article

Why Roku Is Still A Long-Term Winner In The Streaming Wars

Posted by Wayne Duggan

on Friday, 8 May 2020 10:48

Roku Inc shares dropped 8% on Friday after the company reported strong first-quarter user growth but shared lackluster commentary about its ad business outlook for the second quarter.

Roku reported a 45-cent loss per share for the first quarter, in-line with analyst expectations. Revenue of $321 million exceeded consensus estimates of $307 million.

Roku also reported 39.8 million active accounts, up 37% from a year ago. Management said its ad business will continue to grow, but has been slowed by a higher-than-normal number of cancellations….CLICK for complete article

3 ETFs For Disney Earnings

Posted by Todd Schriber

on Tuesday, 5 May 2020 10:32

Dow component Walt Disney Co reports fiscal second-quarter results after the close Wednesday in the company’s first report in the midst of the coronavirus outbreak.

Down 28.66% year-to-date, Disney is proving its sensitivity to the pandemic. Disneyland and Disney World are closed, though the latter could be inching toward reopening. Disney cruises aren’t sailing and there are no sports for ESPN to broadcast. So no, Disney+ and other stay-at-home entertainment options aren’t enough to carry the day for the stock in this environment.

Analysts are expecting Disney will post earnings of 93 cents per share on revenue of $18 billion. Last year, those numbers were $1.61 on sales of $14.9 billion.

Nearly 200 ETFs feature exposure to Disney. Here are a few to consider for today’s report…CLICK for complete article