Alternative Data Is The New Guidance
Ever since the stay-at-home mandates began rolling out across the country, we’ve seen numerous companies withdraw guidance and discontinue providing business outlooks. Without this guidance, consensus estimate ranges have grown wider than ever before, reflecting a greater degree of uncertainty. In these times, both investors and corporate operators who use insights from alternative data will…
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Verizon 5G Phones Take Off, But Coverage Is Still Lacking
Verizon is selling the most 5G phones of any US carrier by far, according to analysis firm M Science. Verizon subscribers are picking up the most 5G phones by far of any carrier in the US, according to new data from M Science, although AT&T and T-Mobile report far broader 5G coverage. Sales of 5G…
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Why Carvana Stock Rose 29% Last Month
The online car dealer gained on momentum from the recovery and positive analyst commentary.What happenedShares of Carvana (CVNA) were climbing last month as a series of bullish analyst reports, positive third-party data, and momentum from the recovery pushed the online used car dealer higher. According to data from S&P Global Market Intelligence, the stock finished…
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Not even the coronavirus can derail 5G’s global momentum
The pandemic has caused hiccups in some regions, but the super-fast wireless tech keeps rolling out. This was supposed to be the year 5G went mainstream. Huge swaths of the world would be blanketed with coverage. Every major handset maker — including Apple — would offer a wide variety of 5G phones . After years…
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How much of Walmart’s online sales growth came from groceries?
Walmart grew online sales 74% in the first quarter. In the press release announcing its earnings results, management attributed the acceleration in online sales growth to “strong results for grocery pickup and delivery services.” A couple of other notable items from Walmart’s report include gross margin contraction of 66 basis points and lower losses for…
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Open Restaurants, Return to Work Leave Grocery Stocks in Limbo
With restaurants resuming some dine-in services and more people returning to work, grocery stores are getting the short end of the stick. The total grocery industry, which includes in-store shopping and delivery and meal-kit providers, saw an “across-the-board spending deceleration” of about 500 basis points for the two weeks that ended May 19 from the…
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