There’s a big difference between blind speculation and informed speculation, Jim Cramer told his Mad Money viewers Thursday. Therefore, it is time to reduce the seven deadly stock sins that Cramer said he sees on Twitter (TWTR) – Get report every day. The first deadly sin is cheerleading. Cramer said …
Read More »iQiyi shares exploded after it says the SEC is investigating allegations of fraud
Shares of Chinese streaming service iQiyi plummeted in night trading in the US after it announced that the Securities and Exchange Commission (SEC) has launched a probe into the company. The SEC investigation was commissioned in April by a report by Wolfpack Research, which describes itself as an “activist research …
Read More »Baidu stock slides because iQIYI video unit reveals SEC investigation
For the quarter, Baidu (ticker: BIDU) reported revenue of $ 3.69 billion, down about 1% from a year ago, and in line with the consensus of Wall Street analysts at $ 3.7 billion. Non-GAAP earnings were $ 2.08 per share, good for the Street Consensus at $ 1.38. Baidu said …
Read More »How Coach owns Tapestry does it better online than other retailers
Buyers walk past a Coach outlet store. Luke Sharrett | Bloomberg | Getty Images Coach and Kate Spade owner Tapestry said Thursday that online sales in the last four years increased a three-digit percentage from a year ago as consumers sat at home during the coronavirus pandemic to their websites …
Read More »Tapestry (TPR) Q4 2020 revenue beat expectations
Coach and Kate Spade owner Tapestry reported a slower-than-expected loss Thursday, as a strong online business helped offset the impact of closed stores during the coronavirus pandemic. The company said it will cut spending and shift its focus to digital growth as part of a turnaround plan. It said e-commerce …
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