-eBay remains on a strong footing despite a decline in revenue during the latest quarter.
-GAAP net loss for the quarter came in at $1.3 billion, and Non-GAAP earnings came in at $625 million.
-Operating cash flow was $626 million, and free cash flow came in at $546 million.
eBay (NASDAQ: EBAY.... |
Good MorningEquities broke out of a downtrending channel to the downside last week in evidence of mounting fear about the economy. The FOMC was forced to hike rates by 75 basis points in what some would call a surprise move. Others, however, would say the FOMC is still behind the curve and that at least one more if not two more 75 basis point hikes were needed. Regardless of the pace, the takeaway for the market is that inflation is still out of control and aggressive rate hikes are making the cost of business more expensive. In this scenario, economic activity can be expected to contract and there is evidence of that already. The Index of Leading Indicators fell for the second month by -0.4% suggesting an economic recession is already in play.
This week will be a hurdle for the market because of how little new information is set to be released. On the economic front, there are only two data points due out and both are from the housing sector. On the earnings front, there are only a handful of confirmed reports and very few from companies other than home builders. Featured: Sell these "safe" blue chips immediately (Ad) 
| Consumer Discretionary | |
-eBay remains on a strong footing despite a decline in revenue during the latest quarter.
-GAAP net loss for the quarter came in at $1.3 billion, and Non-GAAP earnings came in at $625 million.
-Operating cash flow was $626 million, and free cash flow came in at $546 million.
eBay (NASDAQ: EBAY... Read the Full Story |
| From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
| Markets | |
-Honda recently teamed up with Sony to form Sony-Honda mobility.
-Honda is expected to introduce its first EVs by 2025.
-The business remains robust, and revenue continues to increase, despite global headwinds.
-Motorcycle sales came in at 2.775 million units, and automobile sales came in at 3 ... Read the Full Story |
| Technology | | Augmented reality smart glass maker Vuzix Corporation (NASDAQ: VUZI) stock has staged a rally off its lows of $3.88 but is starting to fall again. The Company had a challenging fiscal Q1 2022 as the macro problems from inflation, COVID-19 effects, supply chain and Russian conflict all indirectly led... Read the Full Story |
| From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
| Technology | |
Palo Alto Networks (NASDAQ: PANW) is a leader in the cybersecurity industry. It has significantly grown its revenues faster and higher than the industry’s 5-year average. The average revenue growth for companies in the cybersecurity industry is 10% per year, while PANW grows at a rate of 25.... Read the Full Story |
| Consumer Staples | |
It’s Not All Carnage In The Retail Sector
There is carnage in the retail sector to be sure but not all within it are suffering. Be it branding, positioning, DTC sales, or a combination of all three some in the retail world are set up to outperform in the coming year. The three stocks we&rsq... Read the Full Story |
| From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
| Markets | |
You have thousands of different Roth IRA investment options, so it can seem like a difficult decision. From mutual funds to stocks and bonds to exchange-traded funds (ETFs), you might not know exactly how to invest. You can even invest in cryptocurrency and certificates of deposit (CDs). With all ... Read the Full Story |
| Markets | |
Revlon Puts The Fear Of Bankruptcy Into The Market
If the latest news from Revlon (NYSE: REV) is any indication of what to expect from the Q2 earnings reporting season we just got really scared. We’ve been worried about the season for a number of reasons that all come down to earnings. In ... Read the Full Story |
| Materials | |
Undervalued, Overperforming Commercial Metals Company Moves Higher
Commercial Metals Company (NYSE: CMC) was not immune to the correction that swept the market this year. A mounting fear of slowing business, tightening margins, and earnings weakness drove shares to a 25% decline but that move is... Read the Full Story |
| Technology | |
Now It’s Time To Buy Jabil, But Cautiously
Jabil (NYSE : JBL) has been a top pick for the post-pandemic world and it still is. Although the stock has been trapped in a trading range over the last 9 months, the bias in the outlook is decidedly upward and there is a new catalyst to drive the... Read the Full Story |
| Technology | |
A10 Networks (NYSE: ATEN) is an important 5G infrastructure company that helps to optimize 5G traffic flow whilst also securing this traffic against bottlenecks and cyber attacks. The company’s bread and butter are providing application delivery controllers, but its cybersecurity products ha... Read the Full Story |
| Monday's Early Bird Stock Of The Day Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances. It sells apparel and accessories under the Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Golf Ralph Lauren, Ralph Lauren Golf, RLX Ralph Lauren, Polo Ralph Lauren Children, and Chaps brands; women's fragrances under the Ralph Lauren Collection, Woman by Ralph Lauren, Romance Collection, and Ralph Collection brand names; and men's fragrances under the Ralph's Club, Purple Label, Polo Blue, Polo Red, Polo Green, Polo Black, Polo 67, Safari, Polo Sport, and Big Pony Men's brand names. The company's restaurant collection includes The Polo Bar in New York City; RL Restaurant in Chicago; Ralph's in Paris; The Bar at Ralph Lauren located in Milan; Ralph's Bar located in Chengdu, China; and Ralph's Coffee concept. It sells its products to department stores, specialty stores, and golf and pro shops, as well as directly to consumers through its retail stores, concession-based shop-within-shops, and its digital commerce sites. The company directly operates retail stores and concession-based shop-within-shops; and operates Ralph Lauren stores and stores and shops through licensing partners. Ralph Lauren Corporation was founded in 1967 and is headquartered in New York, New York. | | View Today's Stock Pick |
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