Key Points Uruguay-based MercadoLibre boasts a bullish chart and stellar earnings estimates. Analysts expect earnings to more than double this year. MercadoLibre’s Q2 fintech revenue increased by 24%. The company’s three-year revenue growth rate is 63%. Several top analysts recently raised their price targets on the stock. 5 stocks we like better than MercadoLibre There’s...
Category: Investments
DraftKings Proves a Strong Offense is the Best Defense
Key Points Digital sportsbook and iGaming platform Draft Kings beat Q2 2023 forecasts and raised estimates. Its Q2 2023 earnings went non-GAAP positive at 14 cents per share, beating consensus estimates for a loss by 35 cents. Revenues continued to spike nearly 88% as paying users rose 44% to 2.1 million average monthly unique payers...
The Fed is Likely Done Hiking – What’s Next?
Economic readings continue to point to a “soft landing” through the next few months, characterized by low and falling inflation and a resilient labor market. Consequently, the Fed raised interest rates for what is probably the last time during the current cycle. The concern for markets this week shifted to the sustainability of continued fiscal...
Retiring in California: A Comprehensive Guide to Achieving Your Dream Retirement
California appeals to older adults as the perfect place to reconcile as they near their golden years. However, this thought may unsettle you a bit, given that the state is costly to live in! Knowing how to budget your retirement defines your freedom to cherish the vibrant life in California. After toiling your entire life...
As Exxon Mobil Consolidates, Is A New Rally Bubbling Up?
Key Points Exxon Mobil has been struggling below resistance near $119 for the past six months, but the stock rallied in recent weeks. An area of price consolidation often sets up a stock for fresh gains. Exxon Mobil’s CEO said in June that he expects Permian Basin shale production to double in the next five...
3M Is Open For Business, And For New Stock Buyers
Key Points 3M stock has likely found its bottom just as the underlying industry shows signs of improvement and upcoming demand for the second half 2023. Financial performance improved significantly in the company; these adjusted figures suggest that the earnings power for the past quarter was as strong as ever, adding momentum to an undervaluation...
Is It Time To Plug Into Some Shares Of Plug Power?
Key Points Plug Power had a mixed quarter but reiterated full-year guidance on an expected ramp in production. The analysts’ response is tepid and includes lowered-price targets but the upside potential is still profound. Major projects are expected to be fully operational by the end of 2024. 5 stocks we like better than Plug Power...
Deadline Reported For Bids For Wilko As The Future For 12,000 Staff Hangs In The Balance
Wilko’s administrator PWC is reported to have set a mid-week deadline for offers. The future of 12,000 staff is highly uncertain as rival chains and private equity consider bids. Wilko’s strong brand likely to survive but vast store footprint may disappear. Wilko’s Future Hands In The Balace The clock is believed to have been set...
Money-Saving Hacks for the Big Apple, LA, and More: Stretch Your Budget Today
When you reside in the “City That Never Sleeps” (and its various cousin-cities), don’t let financial crunches rob you of your sleep! Does the thought of living on a budget in New York or Los Angeles seem to be a far-fetched dream? Think of bustling metropolitans – Boston, San Francisco, or even Washington, D.C. Enjoying...
Royal Caribbean Launches Mega Ship, Charts Course For Profit
Key Points Royal Caribbean shares surge by 108.72% in 2023, making the stock an S&P 500 performance leader. The company’s strong rally began in May after an impressive Q1 earnings report. Analysts expect a return to profitability for Royal Caribbean and other cruise lines. In January, the company is launching Isle of the Seas, which...