WeWork accelerates IPO plans, plots September listing
* Stories are summarized by an A.I.
* Stocks or companies mentioned: WeWork, CMG, KO, HAS, FB, CHWY, TSLA, AAL, UPS and BABA
WeWork accelerates IPO plans, plots September listing
WeWork Companies Inc. | Tech Crunch
The business, now known as The We Company, has accelerated its plans to go public, according to a new report from The Wall Street Journal. The New York-based company, valued at $47 billion earlier this year, has long been rumored to be plotting a massive IPO. WeWork disclosed massive 2018 net losses of $1.9 billion in March on revenue of $1.8 billion. To convince Wall Street it’s a business worthy of their investment will be a challenge, to say the least. Neumann, for his part, has reportedly cashed out of more than $700 million from his company ahead of the IPO.
Read More
Chipotle earnings delivered, but its stock is starting to look like a high-priced menu item
CMG (Chipotle Mexican Grill Inc.) | CNBC
Chipotle Mexican Grill was back even before its big Tuesday earnings beat, but its stock has been on such a hot streak it may be entering high-priced menu territory. The fast-casual restaurant company, laid low for years after a series of foodborne illness issues, is up more than 71% in 2019. The biggest driven has been digital sales growth, the fast-growing source of sales for all restaurants. Digital sales growth almost doubled, growing 99.1% and making up 18.2% of sales. "We think there are lots of advantages to digital sales, not just driving volumes.
Read More
Wells Fargo Believes Coca-Cola (NYSE: KO) Still Has Room to Grow
KO (Coca-Cola Company (The)) | Markets
Wells Fargo analyst Bonnie Herzog maintained a Buy rating on Coca-Cola (KO – Research Report) today. According to TipRanks.com, Herzog is a 3-star analyst with an average return of 3.3% and a 65.0% success rate. In comparison, last year the company earned revenue of $8.85 billion and had a net profit of $2.32 billion. Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.
Read More
4 Reasons Hasbro Stock Hit Record Highs After Its Q2 Results Come Out
HAS (Hasbro Inc.) | The Motley Fool
Revenue jumpedHasbro's net revenue was far better than expected, coming in at $984.5 million, which is up 9% year over year. Excluding this one-time charge, net income increased to $99.3 million, up a massive 65% year over year, generating EPS of $0.78 -- soaring past analysts' expectations for $0.50. Digital gaming and esportsHasbro has been making a big push into the realm of digital gaming with its popular fantasy card game Magic: The Gathering. The PC-based video game, dubbed Magic: The Gathering Arena (MTGA), has been a big hit with players. Hasbro has also been sponsoring big esports tournaments for Magic, where elite players can bank six-figure incomes playing professionally.
Read More
Facebook's Zuckerberg will reportedly shoulder personal responsibility for privacy issues
FB (Facebook Inc) | CNET
Facebook is also scheduled to report second-quarter earnings on Wednesday. The deal will require Zuckerberg to state each quarter that Facebook is complying with the settlement terms, the Journal reported, citing a person familiar with the matter. The certification is to be based on Zuckerberg's personal knowledge, the report said. In 2012, the agency fined Google a record-setting $22.5 million.The investigation stemmed from last year's data scandal surrounding Cambridge Analytica, a UK consultancy that harvested personal data from up to 87 million Facebook accounts without user permission. The FTC was looking into whether the Cambridge Analytica scandal violated a previous legal agreement Facebook had struck with the agency.
Read More
Can Chewy Prove It Can Run With the Big Dogs?
CHWY (Chewy Inc) | The Motley Fool
Since everyone knew what to expect, the real focus was on Chewy's guidance for the second quarter and for the year. Chewy's successful IPO led Amazon.com (NASDAQ:AMZN) to significantly cut prices in its Wag pet supplies brand, causing Chewy to respond with discounts of its own. Autoship sales represented 67.1% of Chewy's first-quarter revenue and are products customers order frequently and have shipped on a predetermined schedule. Chewy is going after new verticals, such as the pet pharmacy business, which it entered a year ago. At this point, Chewy has more bark than bite, and investors should wait to see whether it can run with the big dogs.
Read More
Tesla Files Patent Application For Die-Cast Unibody Machine
TSLA (Tesla Inc) | Clean Technica
Now he works for Tesla and is listed as the inventor of US Patent Application #15874348, described as a “Multi-Directional Unibody Casting Machine For A Vehicle Frame And Associated Methods,” according to PatentScope. Here’s more from the patent filing:“[H]igh-pressure die casting is a metal casting process that has been in use for over a hundred years. “Typically, in the context of vehicle frame manufacturing and the die casting process, multiple die casting machines are each used to cast different components of a vehicle frame. For example, a single die casting machine cell in a factory may be dedicated to casting a single frame component. “The present disclosure relates generally to manufacturing and assembling a vehicle frame, and more particularly to a multi-directional die casting machine for casting a vehicle frame and associated methods thereof such multi-directional casting machines may be suitable for casting a unibody vehicle frame, and more specifically for an electrical vehicle unibody frame.
Read More
American Airlines To Report A Bittersweet Quarter
AAL (American Airlines Group Inc.) | Seeking Alpha
American Airlines is days away from reporting 2Q19 results that should fall in line with expectations, given the recent update to guidance. The day is approaching for American Airlines (AAL) to disclose the results of its 2Q19. The expectations are likely to be met, considering American Airlines has already shared several key second quarter operational metrics ahead of earnings day. The revised guidance seems to reflect what will likely be a bittersweet quarter for the airline. Data by YChartsIn the short term, AAL could continue to benefit from an environment that has shaped up to be highly favorable for air travel operators.
Read More
UPS forms new drone delivery subsidiary, will seek FAA approval to operate commercial flights
UPS (United Parcel Service Inc.) | Venture Beat
UPS is doubling down on a drone logistics and delivery market that’s anticipated to be worth $29.06 billion by 2027. “UPS’ formation of a drone delivery company and application to begin regular operations under this level of certification is historic for UPS and for the drone and logistics industries overall.”It’s yet another step toward drone delivery dominance for UPS, which earlier this year collaborated with drone platform provider Matternet to launch an aerial delivery service from WakeMed’s flagship hospital and campus in Raleigh. And in early 2017, it tested a drone that launches from the top of a UPS van to autonomously drop off packages as the delivery driver makes a separate delivery. UPS is forging ahead against rivals like Amazon, which launched a trial of its Prime Air drone delivery service for select customers in Cambridge, England in December 2016. Reports show the commercial drone industry is continuing to grow quickly, albeit from a small base.
Read More
Alibaba Opens Its Platform To B2B Sellers In U.S.
BABA (Alibaba Group Holding Limited) | Benzinga
The new channel will be marketed to U.S.-based manufacturers, wholesalers and distributors, and will involve a "new network of industry partners" such as "anchor sellers," Alibaba said. However, it was thought that it was a matter of when, not if, Alibaba would open its platform to U.S. sellers. Alibaba estimates the global B2B e-commerce market to be nearly $24 billion. According to a recent study by Forrester Research, B2B e-commerce sales in the United States hit $1.134 trillion in 2018, equal to about 12 percent of the $9 trillion in total B2B U.S. spending last year. It is the logistics unit of Alibaba.
Read More
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* Stocks or companies mentioned: WeWork, CMG, KO, HAS, FB, CHWY, TSLA, AAL, UPS and BABA
WeWork accelerates IPO plans, plots September listing
WeWork Companies Inc. | Tech Crunch
The business, now known as The We Company, has accelerated its plans to go public, according to a new report from The Wall Street Journal. The New York-based company, valued at $47 billion earlier this year, has long been rumored to be plotting a massive IPO. WeWork disclosed massive 2018 net losses of $1.9 billion in March on revenue of $1.8 billion. To convince Wall Street it’s a business worthy of their investment will be a challenge, to say the least. Neumann, for his part, has reportedly cashed out of more than $700 million from his company ahead of the IPO.
Read More
Chipotle earnings delivered, but its stock is starting to look like a high-priced menu item
CMG (Chipotle Mexican Grill Inc.) | CNBC
Chipotle Mexican Grill was back even before its big Tuesday earnings beat, but its stock has been on such a hot streak it may be entering high-priced menu territory. The fast-casual restaurant company, laid low for years after a series of foodborne illness issues, is up more than 71% in 2019. The biggest driven has been digital sales growth, the fast-growing source of sales for all restaurants. Digital sales growth almost doubled, growing 99.1% and making up 18.2% of sales. "We think there are lots of advantages to digital sales, not just driving volumes.
Read More
Wells Fargo Believes Coca-Cola (NYSE: KO) Still Has Room to Grow
KO (Coca-Cola Company (The)) | Markets
Wells Fargo analyst Bonnie Herzog maintained a Buy rating on Coca-Cola (KO – Research Report) today. According to TipRanks.com, Herzog is a 3-star analyst with an average return of 3.3% and a 65.0% success rate. In comparison, last year the company earned revenue of $8.85 billion and had a net profit of $2.32 billion. Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.
Read More
4 Reasons Hasbro Stock Hit Record Highs After Its Q2 Results Come Out
HAS (Hasbro Inc.) | The Motley Fool
Revenue jumpedHasbro's net revenue was far better than expected, coming in at $984.5 million, which is up 9% year over year. Excluding this one-time charge, net income increased to $99.3 million, up a massive 65% year over year, generating EPS of $0.78 -- soaring past analysts' expectations for $0.50. Digital gaming and esportsHasbro has been making a big push into the realm of digital gaming with its popular fantasy card game Magic: The Gathering. The PC-based video game, dubbed Magic: The Gathering Arena (MTGA), has been a big hit with players. Hasbro has also been sponsoring big esports tournaments for Magic, where elite players can bank six-figure incomes playing professionally.
Read More
Facebook's Zuckerberg will reportedly shoulder personal responsibility for privacy issues
FB (Facebook Inc) | CNET
Facebook is also scheduled to report second-quarter earnings on Wednesday. The deal will require Zuckerberg to state each quarter that Facebook is complying with the settlement terms, the Journal reported, citing a person familiar with the matter. The certification is to be based on Zuckerberg's personal knowledge, the report said. In 2012, the agency fined Google a record-setting $22.5 million.The investigation stemmed from last year's data scandal surrounding Cambridge Analytica, a UK consultancy that harvested personal data from up to 87 million Facebook accounts without user permission. The FTC was looking into whether the Cambridge Analytica scandal violated a previous legal agreement Facebook had struck with the agency.
Read More
Can Chewy Prove It Can Run With the Big Dogs?
CHWY (Chewy Inc) | The Motley Fool
Since everyone knew what to expect, the real focus was on Chewy's guidance for the second quarter and for the year. Chewy's successful IPO led Amazon.com (NASDAQ:AMZN) to significantly cut prices in its Wag pet supplies brand, causing Chewy to respond with discounts of its own. Autoship sales represented 67.1% of Chewy's first-quarter revenue and are products customers order frequently and have shipped on a predetermined schedule. Chewy is going after new verticals, such as the pet pharmacy business, which it entered a year ago. At this point, Chewy has more bark than bite, and investors should wait to see whether it can run with the big dogs.
Read More
Tesla Files Patent Application For Die-Cast Unibody Machine
TSLA (Tesla Inc) | Clean Technica
Now he works for Tesla and is listed as the inventor of US Patent Application #15874348, described as a “Multi-Directional Unibody Casting Machine For A Vehicle Frame And Associated Methods,” according to PatentScope. Here’s more from the patent filing:“[H]igh-pressure die casting is a metal casting process that has been in use for over a hundred years. “Typically, in the context of vehicle frame manufacturing and the die casting process, multiple die casting machines are each used to cast different components of a vehicle frame. For example, a single die casting machine cell in a factory may be dedicated to casting a single frame component. “The present disclosure relates generally to manufacturing and assembling a vehicle frame, and more particularly to a multi-directional die casting machine for casting a vehicle frame and associated methods thereof such multi-directional casting machines may be suitable for casting a unibody vehicle frame, and more specifically for an electrical vehicle unibody frame.
Read More
American Airlines To Report A Bittersweet Quarter
AAL (American Airlines Group Inc.) | Seeking Alpha
American Airlines is days away from reporting 2Q19 results that should fall in line with expectations, given the recent update to guidance. The day is approaching for American Airlines (AAL) to disclose the results of its 2Q19. The expectations are likely to be met, considering American Airlines has already shared several key second quarter operational metrics ahead of earnings day. The revised guidance seems to reflect what will likely be a bittersweet quarter for the airline. Data by YChartsIn the short term, AAL could continue to benefit from an environment that has shaped up to be highly favorable for air travel operators.
Read More
UPS forms new drone delivery subsidiary, will seek FAA approval to operate commercial flights
UPS (United Parcel Service Inc.) | Venture Beat
UPS is doubling down on a drone logistics and delivery market that’s anticipated to be worth $29.06 billion by 2027. “UPS’ formation of a drone delivery company and application to begin regular operations under this level of certification is historic for UPS and for the drone and logistics industries overall.”It’s yet another step toward drone delivery dominance for UPS, which earlier this year collaborated with drone platform provider Matternet to launch an aerial delivery service from WakeMed’s flagship hospital and campus in Raleigh. And in early 2017, it tested a drone that launches from the top of a UPS van to autonomously drop off packages as the delivery driver makes a separate delivery. UPS is forging ahead against rivals like Amazon, which launched a trial of its Prime Air drone delivery service for select customers in Cambridge, England in December 2016. Reports show the commercial drone industry is continuing to grow quickly, albeit from a small base.
Read More
Alibaba Opens Its Platform To B2B Sellers In U.S.
BABA (Alibaba Group Holding Limited) | Benzinga
The new channel will be marketed to U.S.-based manufacturers, wholesalers and distributors, and will involve a "new network of industry partners" such as "anchor sellers," Alibaba said. However, it was thought that it was a matter of when, not if, Alibaba would open its platform to U.S. sellers. Alibaba estimates the global B2B e-commerce market to be nearly $24 billion. According to a recent study by Forrester Research, B2B e-commerce sales in the United States hit $1.134 trillion in 2018, equal to about 12 percent of the $9 trillion in total B2B U.S. spending last year. It is the logistics unit of Alibaba.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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