Stock News

Foot Locker stock drops, first quarter results are worse than expected

After Foot Locker reported first-quarter losses and sales, the company’s stock continued dropping. The sportswear and footwear retailer’s shares declined 4.5% in premarket trading Friday. This was the outcome of the first-quarter results, which were worse than analysts’ predictions. Foot Locker stated same-store sales fell 42.8% during the first quarter, which is a performance far […] Read more

Swatch Group shares drop, investors fear the outcome of China’s new security law

As the tension between the U.S. and China increases, European stocks dropped in Friday trading. The luxury brand Swatch Group also suffered losses as its shares declined 2.7%. The brand relied on China and Hong Kong for a big portion of its sales. The recent news on a security law in the autonomous region, however, […] Read more

Sun Hung Kai Properties shares fall, tension between China and the West increases

Hong Kong shares dropped down on Friday with property shares enduring a major hit. The real estate company Sun Hung Kai Properties Limited, along with Sino Land and Wharf Real Estate, suffered a drop of more than 6.6%. In the past few weeks the tension between China and the U.S. intensified as the two countries […] Read more

Best Buy shares fall in premarket trading, first quarter earnings drop

Following Best Buy’s report about results for the first quarter of the fiscal 2020, the company’s shares dropped 2% in premarket trading Thursday. Despite the 155% increase in online sales in the U.S., consumer electronics sales plummeted by more than 15%. At the beginning of the pandemic, Best Buy experienced a jump in sales since […] Read more

SoftBank stock falls, company forced to sell core assets and 5% of domestic telco

SoftBank Group Corp stock continued to fall after the company’s share closed down 0.8% on Friday. As part of its plan to accumulate $41 billion by selling some of its assets, SoftBank announced it is going to sell 5% of its domestic telco SoftBank Corp. The deal is due to be closed on May 26 […] Read more

CTS Eventim shares fall on Wednesday, official event bans cause revenue slump

While Germany stocks closed higher on Wednesday, one of the worst performers was CTS Eventim AG as its shares were down 7.07% to 34.720. Due to the numerous events that were postponed as a result of the coronavirus pandemic, the earnings and revenue of the company were significantly lower compared to the results of the […] Read more

Lowe’s shares jump in premarket trading, same-store sales exceed expectations

After Lowe’s has reported same-store sales that surpassed everyone’s expectations, the company’s stock jumped 6.1% in premarket trading Wednesday. Surveys show that analysts predicted that the earnings per share will be around $1.32, while the actual gain is estimated to be $1.77 per share. Meanwhile, the expected revenue of the company was $18.32 billion but […] Read more

Marks & Spencer shares rise after conjoined business with Ocado shows potential

Marks & Spencer Group PLC reported lower revenue for the fiscal year 2020 due to the cash burn associated with the measures the company took to deal with the coronavirus pandemic. The company had a pretax profit of ₤67.2 million ($82.2 million) at the end of March 2020, which is significantly lower compared to the […] Read more

Spotify shares close higher on Tuesday after exclusive podcast deal with Joe Rogan

On Tuesday, Spotify Technology SA announced that Joe Rogan’s brand new podcast will be available to stream on the platform. Spotify users will be able to listen to the podcast as of September 1 and, later this year, the show will become part of Spotify’s exclusive content. This deal brought the company a jump in […] Read more

Expedia stock drops after its biggest single-day percentage gain since 2012

Expedia Group Inc’s stock jumped 20% in Monday trading, marking the company’s biggest percentage gain in a single day ever since July 27, 2012. Unfortunately, this climb lasted only a day since, on Tuesday, the company’s stock dropped more than 2% in premarket trading. The Jefferies analyst, Brent Thill, has decided to change his ratings […] Read more