Stocks making the biggest moves before the bell: Alibaba, Applied Materials, Gap and more
Alibaba — U.S.-listed shares of the Chinese e-commerce giant slipped 3.2%, adding to Thursday’s steep losses that were sparked by Alibaba announcing that it would no longer spin off its cloud computing business. Alibaba pointed to the U.S. export restrictions on advanced chips as justification for the decision. BJ’s Wholesale Club — Shares retreated 4.6% in premarket trading after the company revised its expectation for comparable store sales in the fourth quarter amid shifting consumer behavior. BJ’s now anticipates sales excluding gas ranging between a 2% decrease and a 1% increase in the fourth quarter from the same period a year ago. Analysts polled by FactSet anticipate a 1% rise. Tenet Healthcare — The treatment provider climbed 3.5% after announcing it would sell three South Carolin
As the earnings season is coming to an end, we’d like to review this earnings season. Many stocks rose to an all-time-high or a new high in Q1.According to Factset, consumer discretionary sector posted the highest earnings growth. Therefore, this article will list the cosumer discretionary stocks that reach a new high in Q1.Consumer Discretionary Stocks That Reached A New High1.$Pepsi(PEP)$ rose to an all-time-high of $196.88 on 15th May. It posted earnings on 26th April, which boosted its outlook for the year and beat revenue expectations. Adjusted EPS: $1.50 vs. $1.39Revenue: $17.85 bln vs. $17.22 bln 2. Burrito chain $Chipotle Mexican Grill(CMG)$ rose to an all-time-high of $213
Follow me at @Alice Arnault to learn more Saw quite a number of news stories which talk about valuation, so hope to share a bit on this Relative Valuation - estimates the value of an asset by looking at the pricing of assets relative to a common variable like earnings, cash flows, book value or sales. • Most common multiples: P/E, EV/EBITDA, Price/Book Value, EV/Sales, PEG ratio, free cash flow yield, dividend yield Case: In 2020, the average P/E ratio of the S&P 500 index was around 22x, while the historical average is about 15x. This suggested that the market might have been overvalued at that time. • Historical analysis: how does current pricing compare to history Quant: In 2007, just before the financial crisis,