This Truck Maker Can Ride Out a Recession. Why It’s Time to Buy the Stock.
Before Steven Spielberg reached blockbuster success with Jaws, he made Duel, about a driver terrorized by a massive tanker truck. The story didn’t end well for the homicidal Peterbilt rig that the director used in the film, but investors should find a happier ending with the truck’s maker, Paccar. These days, Paccar (ticker: PCAR), which…
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Peloton Rows for Broke
The stakes have never been higher for Peloton Interactive PTON; Chief Executive Barry McCarthy. He has to hope his efforts don’t go from good, to better to bust. An Oct. 6 Wall Street Journal article based on an interview with Mr. McCarthy suggested he was giving Peloton about six more months to prove itself as…
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2 Tech Monopoly Stocks That Could Help Make You a Fortune
While monopolies may be bad for consumers, they’re actually good for investors. If you find a company that has a dominant market share, especially in a large and growing market, it’s a good idea to put your money behind it. Setting aside any regulatory risks, these companies tend to have huge profit margins and wide…
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Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability
Carnival Corp (CCL.N) on Friday forecast a loss in the fourth quarter after it reported results for the third quarter that fell well short of Wall Street estimates, as higher fuel prices and cheaper fares offset a rise in bookings. Shares of Carnival plunged 20% to $7.33 per share in midday trading, falling to nearly…
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ABNB vs. WH: Bullish on Both, but One Looks Better
The State of the Travel IndustryThe pandemic was incredibly difficult for the travel industry, as widespread lockdowns almost instantly grounded planes and shuttered hotels. However, many travelers are back in the air and on the nations roads, and investors were quick to start grabbing up travel stocks again — even before the industry started to…
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American Eagle Outfitters stock plummets on profit miss, paused dividend
American Eagle Outfitters (NYSE:AEO) stock slid by double-digits in Wednesday’s extended session after the company posted a disappointing second quarter earnings result. The Pennsylvania-based retailer posted significantly lighter than expected EPS alongside in-line revenue. Gross profit declined 26% from a particularly strong 2021 and reflected an over 11% margin contraction. “This is an unprecedented time…
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