Category Archives: Companies

Google Will Highlight Core Business

Monday’s earnings report will mark a new day for Google’s parent company, Alphabet. ($GOOG)

For the first time, revenue for its core products — search, mobile and video — will be separated and $GOOG will account for the cost of its experimental projects when the company reports after the bell Monday.

Overall, analysts predict Alphabet’s profit on Class C shares will have grown 18 percent year on year to $8.09 per share, on revenue of $20.763 billion, up 43 percent year over year, according to Thomson Reuters’. Class A earnings per share are expected to have grown 18 percent year over year to $8.10 on $20.764 billion in revenue, a 15 percent increase.

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Retail Stocks May Be The New Winners

As the retail sector gained Monday, one group of suffering stocks led the way, jumping 1.2 percent: the multiline retail stock group, which includes names such as Target, Dollar Tree and Nordstrom.

The average national gas price recently fell to $2.29 from $2.33 a week ago, according to AAA’s Daily Fuel Gauge, translating into more available funds for consumer discretionary spending.

Barron’s wrote over the weekend that Dollar Tree is expected to outperform compared to estimates, based on long-term gains from its acquisition of  Family Dollar. The stock rose 1.8 percent on Monday.

Retail ETFs also seem to be at an inflection point and the money flow looks to turn positive.

After being down about 5% this calendar year, retail is moving higher and may one of the few winners by the end of the year.

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Penny Stock DigiPath Skyrockets; Management Issues Press Release

DigiPath LogoDigiPath, Inc. (OTCBB and OTCQB: DIGP), a digital pathology solution provider that is expanding into the cannabis testing and education markets, announced today there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the recent unusual market action.

“We have noticed unusual price and volume increases for our securities over the last three trading days,” said Steve Barbee, CEO of DigiPath. “While we appreciate the increased attention DigiPath is receiving from the market, we are unaware of any corporate developments outside of those previously disclosed in our filings with the Securities and Exchange Commission that would explain these increases.”

The stock closed at $0.51 on Friday, July 25 but after opening at $0.55 on Monday, July 28, it traded as high as $6.00 per share and finally closed at $2.50. That day, it traded over 400,000 shares but averages less than 20,000 shares traded daily (previous 3 months).

We have not yet seen any websites or newsletters that have pumped the stock; and seen nothing more than message boards and traders taking advantage.

This again highlights the need to follow only unbiased penny stock picks and penny stock newsletters as most are either paid to pick a stock or own shares and are actually selling when telling you to buy!

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