Destination XL Group, Inc. reported a 10-11% drop in comparable sales for Q3 2024, leading to a significant margin decline and a second guidance cut this year. Despite efforts to maintain margins, the company has resorted to aggressive discounting to compete, impacting future margins and profitability. DXLG's valuation is distressed, reflecting its current unprofitability; however, a 10% sales improvement could make the stock attractive given its low EV.
The microblogging wars are in full effect. In recent weeks, Bluesky has become the hottest social media platform in terms of short-term growth after the 2024 election.
Cava Group continues to grow at a fast pace as its comparable sales numbers have been stellar under less-than-ideal economic conditions. The business is growing at a much faster rate than other restaurants, including Chipotle Mexican Grill.
Competition among generative AI companies is heating up. On Friday, Amazon announced it would invest another $4 billion in the generative AI company, Anthropic.
Nvidia's NVDA quarterly results were excellent, with the chip giant not only beating estimates and raising guidance but also achieving top- and bottom-line growth rates that are typically associated with start-up players.
The $1.2 billion ETF offers less upside than stock in the big Bitcoin holder. However, income has been ample due to volatility in MicroStrategy shares.
US stocks closed near session highs on Friday as investors surveyed President-elect Donald Trump's efforts to build his team and bitcoin's (BTC-USD) bid to reach a key milestone. The S&P 500 (^GSPC) advanced 0.3%, while the Dow Jones Industrial Average (^DJI) gained over 400 points, or almost 1%, to close at a record.
A packed market week sent indices higher, led by a rally from the Russell 2000. Nvidia (NVDA) propelled market activity after reporting another monstrous earnings beat which helped Supermicro's (SMCI) 75%+ rally.
Palantir just made a very important announcement, and investors should be paying attention on Nov. 26.