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As New York city reopens Monday, California and some other states see coronavirus cases rise; a new poll reveals partisan divides over the pandemic; Brazil, a global hotspot for the virus, stops reporting coronavirus numbers. WSJ’s Shelby Holliday has the latest. Photo: Richard Vogel/AP...
The largest protests following the killing of George Floyd remained mostly peaceful this weekend; Minneapolis city council members agreed to begin the disbanding of the police department; in Seattle, a man drove a car into a crowd and shot a protester. Photo: Lindsey Wasson/Reuters...
Online personal styling service Stitch Fix (SFIX) is gearing up to report its earnings today, after market close. Ahead of this key read-out, five-star RBC Capital Mark Mahaney has reiterated his buy rating on the stock, adding that he will adjust his current $23 price target post-print.Based on model sensitivity work and intra-quarter data points, Mahaney believes FQ3 Street estimates are ballpark achievable. He also sees the Street’s FQ4 estimates (implying -1% Q/Q Revenue decline & a -4% EBITDA margin) as reasonable.Specifically, Mahaney is looking for FQ3:20 revenue of $425M, coming in above the Street estimate of $418MM. Similarly, his EBITDA projection of ($13.2MM) is also above the Street at ($16.3MM). And while SFIX withdrew guidance on April 8 due to supply side disruptions, Mahaney expects the company to provide a limited FY20 outlook during the earnings call.Key metrics for investors to look out for include the number of active clients and revenue...
Louisiana's governor declared a state of emergency as Tropical Storm Cristobal came ashore Sunday. The storm is hampering some coronavirus efforts in the state while reducing oil production by about one-third in the Gulf of Mexico. Photo: Gerald Herbert/Associated Press...
Top news and what to watch in the markets on Monday, June 8, 2020....
One thing we could say about the analysts on Orion Energy Systems, Inc. (NASDAQ:OESX) - they aren't optimistic, having......
(Bloomberg) -- Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the trade war with the U.S.Retail sales of cars, SUVs and multiple-purpose vehicles increased 1.9% from a year earlier to 1.64 million units in May, the China Passenger Car Association said Monday. That’s the first gain since June 2019.The government added stimulus measures such as tax rebates to attract consumers back to showrooms, while automakers that shuttered operations amid the coronavirus outbreak now offer generous discounts. The pandemic exacerbated a sales slump that’s in its third year, with an economic slowdown, trade tensions and stricter emission standards weighing on demand.Global automakers spent billions of dollars expanding in China in recent decades, and manufacturers such as Tesla Inc., General Motors Co. and Volkswagen AG remain undeterred in their effort to tap...
