Home Depot’s Earnings Hit Lowe’s Stock Too. Here’s Why.
Home Depot’s downbeat forecast sent a chill through the home-improvement sector and the wider market last week. That pushed down Lowe’s stock, albeit temporarily, and led to lower expectations for the rival retailer’s coming results, slated for early Tuesday. Analysts had already been lowering their earnings and revenue estimates for Lowe’s (ticker: LOW), which stood…
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5 ways banks are plugging into the electric vehicle market
Banks are revving up their work with electric vehicle manufacturers by forging partnerships, offering vehicle financing and collaborating on digital tools. The sector is sizzling: Moody’s Investors Service reports that sales and announced launches of alternative fuel vehicles, especially battery electric vehicles, or BEVs, “are gaining momentum in the U.S. as auto manufacturers drive toward…
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Smartsheet gains amid M Science positive note
Smartsheet (NYSE:SMAR) rose 2.4% amid amid a positive research report on the collaboration and work management company.SMAR Enterprise data remains healthy; sees potential for billings reacceleration, according to an M Science note on Friday.Smartsheet (SMAR) jumped 18% on March 18 when it reported its Q4 results.Smartsheet (SMAR) is expected to report Q1 results on June
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Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
Norwegian Cruise Line Holdings Ltd (NCLH.N) raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers, sending shares of the company up 6%. Easing of COVID-19 protocols on ships after long periods of restrictions has encouraged people, especially from…
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Alphabet Shrugs Off Advertising Slump, Thanks to Search Engine
After years of easy financial growth and booming popularity, Alphabet, Google’s parent company, has in recent months faced mounting questions about its future. It has been under the gun to deliver artificial intelligence technology, its sales growth has decelerated, and it is laying off 12,000 employees to cut costs. On Tuesday, Google shrugged off some…
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