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Equity News

The Redfin Corporation (RDFN) Has Potential, but It Needs Change

Redfin Corp. (NYSE: RDFN) announced its fourth-quarter 2020 results. Sales continue to grow on the strength of demand for US housing. A double-digit growth rate is expected to return to Redfin in early 2021. Revenue from Redfin was 244.5 million in Q4, a 5% increase year-on-year, well above its estimate released a few months ago. To achieve $886.1 million in revenue, total revenue increased by 14%. Demand for homes in the United States generated significant growth for Redfin during the past quarters. During the COVID-19 pandemic, thousands of Americans have sought a comfortable place to live away from noisy cities

Equity News

How will Spotify benefit from an ever-growing Indian population?

During the last couple of years, Spotify Technology S.A. (SPOT) Spotify has become one of the top music streaming services in the Indian market, but it is forced to improve monetization. Service companies are focusing on India as a potential growth market. The population of the country will rise to 1.5 billion by 2025, according to forecasts. A sharp rise in smartphone usage has also been observed in India. In 2017, only 25% of Indians were using a smartphone, but by 2022 this number could rise to 36%. As a result, the number of people using Spotify services increases. According

Equity News

Several reasons you should own SonosInc (SONO)

Tuesday’s trading session saw SonosInc (NASDAQ: SONO) gain 2.77%. Peaks of the day include $32.35, and the lowest point the shares reached was $30.95. According to Barchart, SONO closed the previous session at $31.36, while the trading volume was 2.49 million. During the past year, SONO stock has increased nearly 100%. Despite the pandemic and shopping center closures, the company’s sales have skyrocketed, driven by speakers’ high popularity and their increased sales. Several studies have confirmed the superior sound quality of SonosInc (SONO) premium audio speakers. Despite the closure of retail stores for a significant part of the year. Sales

Equity News

Is it time for a reality check: Ichor Holdings (ICHR)?

The Ichor Holdings Ltd (NASDAQ: ICHR) has released its fourth-quarter and full-year 2020 ‎reports. Sales at the company have increased at a double-digit rate and profits despite the ‎shutdown of many plants due to COVID-19. According to GAAP, Ichor’s GAAP net income ‎came in at $0.51, and the fourth quarter of revenue rose 29% from last year.‎ The company’s revenue rose 47 % to $ 914 million during the year. The GAAP margin was ‎‎13.7%. Operating cash flow amounted to 38 million dollars. The company reported a profit ‎of $1.42 per diluted share. Ichor expects its fourth-quarter revenue to be

Equity News

How Likely Is General Motors Stock To Perform?

The recent announcement that the car giant General Motors (GM) has entered into an alliance with Microsoft Corporation (MSFT) in the project for the manufacture of autonomous cars has stimulated the market. In the Cruise initiative, which is designing self-driving vehicles capable of playing the function of robotaxis and robcurriers, the two companies took part in another $2 billion investment round. The explanation for the swift investor response to the announcement of a deal with Microsoft was that GM’s autopilot segment could be taken to a whole new level by the IT giant. In terms of cloud server power, Microsoft

Equity News

Facebook’s WhatsApp Facing Decline In New Users, Samsung Expecting More Profits

Signal and Telegram messaging applications are experiencing a sudden rise in demand as the service’s terms of use of their largest competitor, WhatsApp, has been revised, a step that caused a backlash on social media. On Wednesday, WhatsApp, which uses Signal’s encryption technology, announced new terms, asking users to continue to allow user data, including their phone number and location, to be obtained by the Facebook owner and its affiliates. The “accept data grab or leave” move on Twitter was criticized by some activists and recommended users turn to applications such as Signal and Telegram. The success of Signal soared

Equity News

Atos Bid Boosted DXC Technology Shares

Where the smoke is, the fire is. Following recent industry speculation about a possible transaction involving DXC Technology, the organization confirms that French multinational IT consulting company Atos has approached a potential friendly transaction between the two companies to create a global leader in digital services, leveraging their respective talents and capacity for creativity. Atos would apply the financial restraint it has long valued in its investment approach when assessing this opportunity. There is no guarantee at this point that this strategy would lead to an arrangement or a transaction. At a later date, the firm will coordinate as required.

Equity News

Oil Gained On Last Day But Lost During The Year, Gold Won

On Thursday, oil prices fluctuated before finishing higher. For the February futures market on Nymex, the price of U.S. WTI light crude oil gained 0.3 percent to $48.52 a barrel, while North Sea Brent gained 0.6 percent to $51.91. However, in 2020, as a result of declining demand related to the Covid-19 crisis, crude oil prices lost 20 percent. On Thursday, Gold gained 0.1% to $1,893.10 an ounce on the February Comex futures market, and posted a 25% leap for the year, fuelled by worries about the Covid-19 crisis. This is the best year in 10 years for yellow metal

Equity News

Oil Continued Rally On Tuesday

Oil prices continued to rise on the decline highlighted by the data in oil inventories. On Tuesday per barrel price of WTI crude oil futures rose by +0.88 percent to $48.00 while that for February Brent crude oil futures increased by +0.45 percent to $51.09 per barrel. The rise in oil prices was driven by a report from the American Petroleum Institute (API) that US domestic crude oil inventories dropped 4.79 million barrels last week. If the data is confirmed today by the official EIA report on changes in oil and oil products reserves (the consensus forecast assumes a decrease

Equity News

Oil Prices Risen In Pre-Holiday Session

Trading on the ICE and CME platforms was not held on Friday 25 December on the occasion of the celebration of Christmas. On the eve of oil futures, the price added about 0.3 percent, continuing to respond to data released by the EIA a day earlier on the decline in oil reserves in the United States. The conclusion of a trade agreement between the European Union and the United Kingdom after Brexit was an additional plus. Following the trading results on December 24, February crude oil futures for Brent added 0.25 percent and closed at $51.37, February crude oil futures

Category: Equity News

The Redfin Corporation (RDFN) Has Potential, but It Needs Change

How will Spotify benefit from an ever-growing Indian population?

Several reasons you should own SonosInc (SONO)

Is it time for a reality check: Ichor Holdings (ICHR)?

How Likely Is General Motors Stock To Perform?

Atos Bid Boosted DXC Technology Shares

Oil Gained On Last Day But Lost During The Year, Gold Won

Oil Continued Rally On Tuesday

Oil Prices Risen In Pre-Holiday Session

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