Cyclical Stocks
It is a fact that cyclical stocks do well when the economy does well. It is also true that stock prices are a reflection of future earnings. The stock market is a forward-looking market. Judging by recent rally driven by cyclical stocks, it may be an indication that the economy is about to rebound. The […]
Celanese Corporation
Celanese Corporation (sometimes known as Hoechst Celanese) is the largest producer of vinyl acetate monomer. It is one of the leaders in acetyl production and has a global production network in the Acetyl chain. Celanese products are used as intermediate chemicals in nearly all major industries. Recently, Celanese Corporation announced an important licensing agreement in […]
Bull market returns as NASDAQ hits a record high
About 16 weeks after the pandemic threw the US economy into a recession, a bull market looks likely to have begun. Since hitting a low on March 23rd, 2020, the NASDAQ has risen 44.7%. It has crossed its February 2020 highs in the process and has reached its first record close in about four months. […]
Sysco
Restaurant suppliers and food distribution businesses have had a tough time lately. Restaurant sales fell off a cliff during April and May 2020, but things may start looking up once states across the US start allowing restaurants to reopen. The devastating effect of the pandemic-led downturn cannot be understated and it is possible that a […]
Oil Prices
Oil prices news recently made headlines when the commodity headed into negative territory for the first time in history. 20th April 2020 will be remembered as a historic day as on that day WTI crude futures expiring in May 2020 went to -$40.32 per barrel, a stunning drop of 321%. However, the oil market has […]
DocuSign
DocuSign Inc reported its first-quarter 2021 earnings on 4th June 2020. Total revenue was up 39% Y-o-Y to $297 million. Out of the total revenue, subscription revenue comprised of $280.9 million (also up 39% Y-o-Y) while professional and other revenues made up the remaining $16.1 million (up 29% Y-o-Y). Margins also held steady as reported […]
MGE Energy
The energy industry is evolving fast. MGE Energy is keeping up with fundamental industry-level shifts by taking steps which allow it to transition into a futuristic utility company. It has set itself a goal of achieving net-zero carbon distribution and generation by 2050. To achieve this goal, MGE Power and all of MGE’s subsidiaries plan […]
Zoom Video Communications Inc
Zoom Video Communications Inc recently reported its Q12021 results. Revenues were up 169% Y-o-Y to $328.2 million. The number of customers, who have 10 or more employees, was up 354% Y-o-Y at 265,400. 769 of those customers contributed more than $100,000 to the company’s revenues. GAAP income from operations for the first quarter was $23.4 […]
AbbVie Inc
AbbVie Inc is known for its blockbuster arthritis drug Humira. However, while Humira has brought in plenty of cash for the company as compared to other AbbVie products, the scenario is now changing. Sales for Humira have been gradually falling and the market share has also witnessed a downturn. The company has faced stiff competition […]
Nike leverages brand power during riots
No one does brand building better than Nike Inc. The company is universally looked up to as being one of the best marketers in the world. Its “Just Do It” tagline is iconic and its logo is one of the most recognizable globally. More recently, Nike put out a short video highlighting its stand on […]
