Tag: investing

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions.

RW Baird analyst Tristan Gerra downgraded the stock to underperform from neutral with

During Amazon quarterly earnings’ conference call last week, Brian Olsavsky, the chief financial officer said they are evolving their Prime free two-day shipping program to be a free one-day shipping program.  The news sent shock waves through the retail space after the announcement.  However, this was ultimately Amazon’s plan from day one, well not exactly day one.  Over the years, Amazon has ignored Wall Street and continued spending money building fulfillment centers.  In 2005, there were about 12 fulfillment centers.  Today there are over 100 fulfillment centers. 

To support the goal of one day shipping, Amazon started taking the logistics of

Amazon reported
first-quarter last week.  Amazon reported
earnings of $7.09 per share which was over 100% higher year over year. Net
sales were $59.70 billion which reflected year-over-year growth of 17%.

Breaking down the revenue, North America revenues (60% of sales) increased 16.6% from the year-ago quarter to $35.81 billion. International revenues (27% of sales) increased 9% year over year to $16.19 billion. Amazon Web Services (AWS) revenues (13% of sales) surged 41.4% year over year to $7.69 billion.

On the news price broke the daily supply at $1910.

During the subsequent conference call, Amazon dropped a bombshell that could have far-reaching implications, not only for

Tesla reported first quarter earnings last week.  The results missed both, earnings and revenue expectations.  Tesla lost $702 million or $4.10 in earnings compared to $494 million, or $2.90 a share, compared with a loss of $3.35 a share a year ago.

Tesla Inc’s stock price fell
5% on Friday and fell 14% for the week to its lowest since January 2017.

Daniel Ives of Wedbush cut his rating on Tesla TSLA to neutral from outperform, the equivalent of buy, in a scorching note that reflected equal amounts of frustration and despair.“In our 20 years of covering tech stocks on the Street we

Ford announced first quarter earning in which net income declined, to $1.1 billion from $1.7 billion. Earnings per share were $0.29 cents per share, down from $0.44, but better than expected. Also, revenue fell to $40.3 billion from $41.9 billion a year earlier, but higher than expected. Beating the expectations were enough to send the stock 10% higher on Friday, it’s best one day performance since 2009.

“North America’s EBIT improvement was driven by our F-Series, despite new competitive challenges; Ranger as it came to market, and Transit America’s best selling van,” Ford CFO Bob Shanks told investors on a conference