Pinterest and Zoom IPOs Drop Today

Pinterest and Zoom Go Public Pinterest Pinterest(), the more anticipated of the two IPOs dropping today, started trading under the ticker symbol PINS. Initially priced at $19 a share, the stock began trading at $23.75, up 25%, putting its market cap above $12 billion. CEO Benjamin Silbermann said in an interview on CNBC following the … Continue reading Pinterest and Zoom IPOs Drop Today

Earnings 04/17/2019

From Yesterday Aftermarket IBM came in at adjusted earnings of $2.25 a share and revenue of $18.18 billion, estimates were $2.23 per share, revenue $18.53 billion. Full year adjusted earnings outlook was reiterated to "at least $13.90" a share. BLK reported $6.61 per share and revenue of $3.35 billion. Estimates were $6.02 per share, revenue … Continue reading Earnings 04/17/2019

Earnings Update

Johnson & Johnson reported $3.75 billion or $1.39 per share, Analysts expected $1.67 per share. JNJ made $2.10 an adjusted share, beating estimates. JNJ raised its full-year financial target, sales strength in its pharma division, weakness in other segments. Full year earnings expected to be between $8.53 to 8.63 vs $8.50-8.65. Expects operational sales to … Continue reading Earnings Update

Financials Earnings

Goldman Sachs () reported better-than-expected EPS but missed revenue estimates due to weakness in its Investing and Lending segments. Charles Schwab () reported better-than-expected Q1 EPS and revenue results. Citigroup () reported a quarterly profit of $4.71 billion, $1.87/share, Analysts expected $1.80/share. Revenue fell short of estimates, $18.567 billion vs $18.634 billion estimate. Trading revenue … Continue reading Financials Earnings

Amazon 3rd-Party Sellers

Amazon.com Inc. () is increasingly becoming an online marketplace, rather than a retailer. The proportion of sales made by other companies through Amazon has increased every year since 2007 and surpassed 50 percent for the first time in 2015, according to data cited Thursday by Chief Executive Officer Jeff Bezos in an annual letter to … Continue reading Amazon 3rd-Party Sellers

Disney+ announcement

At a cost of $6.99/month or $69.00/year Disney () announced it's online streaming content at it's investor conference yesterday. Expected to launch in November, Disney expects all of the Pixar library, all of the Star Wars movies/shows, a lot of the Marvel universe, including exclusive streaming of Captain Marvel and much more. They've added a … Continue reading Disney+ announcement