Consumer Discretionary

Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15

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Barclays analyst Brandt Montour will raise its price target on DraftKings (NASDAQ:DKNG) to $23 from $15 and maintain its holding. Analysts raised their expectations after the company’s fourth-quarter results, saying DraftKings had made progress on cost-saving and product development measures. However, the company believes the stock’s valuation is fair at current levels.

Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15 Read Post »

Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382

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Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382, Maintains Buy Rating Truist lowered its price target on Home Depot (NYSE:HD) to $352 from $382, but maintained its buy rating on the stock. The analyst told investors in a research note that Home Depot’s fourth-quarter sales trend remained solid and the Pro business continued to drive growth; But its outlook was slightly lower than expected, mainly due to increased investment in wages. The analyst added that Home Depot’s sales growth in fiscal 2023 will be broadly flat as fundamentals remain stable in a difficult environment, and he remains bullish on the stock given the overall resilience of the home improvement business.

Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382 Read Post »

The Home Depot(NYSE:HD): $1 billion will be invested in hourly wage raises, starting at least $15 an hour

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The Home Depot(NYSE:HD): Home Depot, a U.S. home and building materials retailer, said Feb. 21 that it will spend an additional $1 billion to raise the wages of its hourly workers. Home Depot did not disclose the average salary of employees after the raise, but said the starting salary was at least $15 an hour. The hourly wage increase, which went into effect Feb. 6, will raise wages for all hourly workers in the U.S. and Canada.

The Home Depot(NYSE:HD): $1 billion will be invested in hourly wage raises, starting at least $15 an hour Read Post »

The Home Depot(NYSE:HD) reported Q4 2022 revenue of $35.83 billion, up 0.3% year-over-year

/ / Consumer Discretionary /

Feb. 21, 2023 — The Home Depot, the world’s largest home improvement retailer, today reported fourth quarter and fiscal 2022 results. Revenue for the fourth quarter of 2022 was $35.83 billion, up 0.3% year-over-year, slightly below expectations of $35.97 billion, earnings per share were $3.3, higher than expectations of $3.28, and net income was $3.36 billion, up 0.3% year-over-year. The Company today announced that its board of directors approved a 10 percent increase in its quarterly dividend to $2.09 per share, which equates to an annual dividend of $8.36 per share. Fourth Quarter 2022 Sales for the fourth quarter of fiscal 2022 were $35.8 billion, an increase of $112 million, or 0.3 percent from the fourth quarter of fiscal 2021. Comparable sales for the fourth quarter of fiscal 2022 decreased 0.3 percent, and comparable sales in the U.S. decreased 0.3 percent. Net earnings for the fourth quarter of fiscal 2022

The Home Depot(NYSE:HD) reported Q4 2022 revenue of $35.83 billion, up 0.3% year-over-year Read Post »

The Home Depot(NYSE:HD) reported Q4 2022 revenue of $35.83 billion, up 0.3% year-over-year

/ / Consumer Discretionary /

The Home Depot(NYSE:HD)Revenue for the fourth quarter of 2022 was $35.83 billion, up 0.3% year-over-year, slightly below expectations of $35.97 billion, earnings per share were $3.3, higher than expectations of $3.28, and net income was $3.36 billion, up 0.3% year-over-year.

The Home Depot(NYSE:HD) reported Q4 2022 revenue of $35.83 billion, up 0.3% year-over-year Read Post »

Walmart(NYSE:WMT) reported Q4 2023 revenue of $164.0 billion , up 7.3%

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February 21, 2023 – Walmart(NYSE:WMT)  reported revenue ,earnings in Fiscal Q4 2023 and 2023 full-year and provides outlook for Q1 and FY24. Walmart(NYSE:WMT) reported fiscal Q4 adjusted earnings of $1.71 per share and GAAP earnings of $2.32 per diluted share, Analysts polled by Capital IQ expected $1.51 in adjusted EPS and $1.52 in GAAP EPS. Revenue for the quarter ended Jan. 31 was $164.05 billion, Analysts surveyed by Capital IQ estimated $158.67 billion. For fiscal Q1, Walmart estimated $1.25 to $1.30 in adjusted EPS and sales growth of 4.5% to 5%. Analysts surveyed by Capital IQ expect earnings of $1.37 on revenue of $145.83 billion. For the full fiscal year, the company projected adjusted EPS of $5.90 to $6.05 and 2.5% to 3% in sales growth. Walmart said its board approved an annual cash dividend of $2.28 per share for fiscal 2024, up from $2.24 in the preceding year. Fourth-quarter

Walmart(NYSE:WMT) reported Q4 2023 revenue of $164.0 billion , up 7.3% Read Post »

Walmart (NYSE:WMT) Q4 2023 Earnings, Revenue Increase, Raises Annual Dividend

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Walmart(NYSE:WMT) reported fiscal Q4 adjusted earnings of $1.71 per share and GAAP earnings of $2.32 per diluted share, Analysts polled by Capital IQ expected $1.51 in adjusted EPS and $1.52 in GAAP EPS. Revenue for the quarter ended Jan. 31 was $164.05 billion, Analysts surveyed by Capital IQ estimated $158.67 billion. For fiscal Q1, Walmart estimated $1.25 to $1.30 in adjusted EPS and sales growth of 4.5% to 5%. Analysts surveyed by Capital IQ expect earnings of $1.37 on revenue of $145.83 billion. For the full fiscal year, the company projected adjusted EPS of $5.90 to $6.05 and 2.5% to 3% in sales growth. Walmart said its board approved an annual cash dividend of $2.28 per share for fiscal 2024, up from $2.24 in the preceding year.

Walmart (NYSE:WMT) Q4 2023 Earnings, Revenue Increase, Raises Annual Dividend Read Post »

Tesla’s Berlin battery plant has started production and involves only a single battery component

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Germany’s Brandenburg Minister of Economics Jörg Steinbach said that Tesla’s battery factory at the Berlin Gigafactory has been put into operation. Steinbach said Tesla only produces individual battery modules at the battery factory at the Gigafactory in Berlin, which is different from the company’s original plan. The outside world believes that this should be Tesla considering the preferential tax policy of the United States, so it prefers to build a Texas Gigafactory battery factory.

Tesla’s Berlin battery plant has started production and involves only a single battery component Read Post »

DraftKings(NASDAQ:DKNG) reported Q4 2022 revenue of $855 million, up 81% year-over-year

/ / Consumer Discretionary /

February 16, 2023— DraftKings Inc. (Nasdaq: DKNG)  today announced its fourth quarter and fiscal year 2022 financial results.  Fourth Quarter 2022 Highlights For the three months ended December 31, 2022, DraftKings reported revenue of $855 million, an increase of 81% compared to $473 million during the same period in 2021。 Monthly Unique Payers (“MUPs”) increased to 2.6 million average monthly unique paying customers in the fourth quarter of 2022, representing an increase of 31% compared to the fourth quarter of 2021. Average Revenue per MUP (“ARPMUP”) was $109 in the fourth quarter of 2022, representing a 42% increase compared to the same period in 2021. Q4 loss narrowed to $0.53 per diluted share from $0.80 a year earlier，Analysts polled by Capital IQ expected a loss of $0.58. Revenue for the quarter ended Dec. 31 was $855.1 million, Analysts polled by Capital IQ expected $799.3 million. The company said it now expects

DraftKings(NASDAQ:DKNG) reported Q4 2022 revenue of $855 million, up 81% year-over-year Read Post »

Tesla: Model Y sold out in the U.S. this quarter Delivery time updated to April-June

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Tesla: Tesla has seen a surge in U.S. orders due to price cuts and a new $7,500 U.S. federal tax credit, and the Model Y in the U.S. has been sold out this quarter, running out of capacity, and will not be produced again until April, but there are still some specific inventory configurations in some markets. The Model Y is currently Tesla’s most produced model. Tesla updated the expected delivery of the Model Y to April to June 2023. In the meantime, Model 3 production and delivery is still available this month, with deliveries expected in February-March 2023.

Tesla: Model Y sold out in the U.S. this quarter Delivery time updated to April-June Read Post »

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