Sunday, August 24, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Apple, CarMax, Coinbase, Peloton and more

by Euro Times
September 29, 2022
in Stock Market
Reading Time: 3 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


An employee arranges Apple iPhones as customer shop at an Apple store.

Mike Segar | Reuters

Check out the companies making headlines in midday trading.

Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its price target to $160 a share from $185, citing macroeconomic challenges ahead.

CarMax — The used auto dealer’s shares plummeted 23.2% after it released second-quarter earnings below analyst expectations before the bell. The company’s earnings per share dropped to $0.79, down about 54% from a year ago.

PG&E — Shares of the utility company were down about 1.8% after the company asked California regulators for permission to make its non-nuclear generating assets a separate subsidiary.

Coinbase — Coinbase shares slid 8% after Wells Fargo initiated coverage of the cryptocurrency company with an underweight rating and said a tough economic environment could hurt shares and profitability going forward.

Bed Bath & Beyond — Shares of the home retailer shed more than 8% Thursday after the company reported a wider-than-projected quarterly loss and a 28% decline in sales for its most recent quarter. It also reported a steep drop in sales for Buybuy Baby, which has been a bright spot for Bed Bath, against tough comparisons.

Peloton — Shares of Peloton tumbled about 15% after the company announced it will sell its equipment at Dick’s Sporting Goods, a deal that marks its first brick-and-mortar partnership. Peloton has been struggling to expand its customer base and stem its losses as people return to life outside their homes, after its share price ballooned in the pandemic.

Occidental Petroleum — The energy stock jumped 1.4%, bucking the downtrend in the broader market after Warren Buffett’s Berkshire Hathaway added to its massive stake. The conglomerate added about 6 million shares of the oil giant, worth approximately $350 million, from Monday to Wednesday, paying as much as $61.37 per share, according to a regulatory filing.

Vail Resorts — Shares of Vail gained 2.6% after the resort operator reported revenue for the fourth quarter that beat analyst estimates. The company said there has been a strong demand for ski season passes, while full-year sales have rebounded past pre-pandemic levels.

Rite Aid — Shares slumped 27% after Rite Aid slashed its earnings guidance for the full year and posted a wider-than-expected loss for the quarter.

MillerKnoll — Shares of the officer furniture maker dropped 12% after revenue missed analysts’ expectations in the recent quarter. MillerKnoll cited a difficult macroeconomic outlook and shared plans to improve profits and cash flow in the near-term.

Duckhorn Portfolio — Shares fell more than 10% a day after after the wine company posted 2023 guidance that was lighter than expected. Duckhorn anticipates fiscal year 2023 adjusted per-share earnings of 62 cents to 64 cents, compared to FactSet’s expectations of 67 cents per share. The firm also reported fiscal fourth-quarter revenue that beat Wall Street’s estimates, and per-share earnings that came in line with expectations.

Enerpac Tool Group — The tool manufacturer’s shares gained more than 7% a day after Enerpac posted beats on fiscal fourth-quarter earnings and revenue. CEO Paul Sternlieb said that the company’s fiscal 2023 outlook “reflects cautious optimism that our momentum will continue while we navigate the uncertain global macroeconomic environment.”

Worthington Industries — Shares of the industrial manufacturing company tumbled 9% after it missed earnings estimates for the fiscal first quarter.

— CNBC’s Tanaya Macheel, Alex Harring, Yun Li and Michelle Fox contributed reporting.



Source link

Tags: AppleCarMaxCoinbasePeloton
Previous Post

Democrats Now Want Pete Buttigieg to Investigate DeSantis

Next Post

Shiba Inu Price – Can a Recovery Be Expected Or Not?

Related Posts

Walker And Dunlop Tries To Stay Healthy In A Struggling Market (NYSE:WD)

Walker And Dunlop Tries To Stay Healthy In A Struggling Market (NYSE:WD)

by Crimson And Gold Research
August 24, 2025
0

This text was written byObserveI've been concerned within the monetary world for over 20 years with expertise as an advisor,...

Markets Weekly Outlook: Fed Pivot Ignites Rally Ahead of US PCE, Japanese Inflation Data

Markets Weekly Outlook: Fed Pivot Ignites Rally Ahead of US PCE, Japanese Inflation Data

by Dean Popplewell
August 24, 2025
0

This text was written byComply withDean Popplewell has practically twenty years of expertise buying and selling currencies and glued earnings...

A Guide to Buying Liquidation General Merchandise

A Guide to Buying Liquidation General Merchandise

by Andrea Vargas
August 23, 2025
0

Liquidation common merchandise (we wish to name it “gen merch”) is likely one of the most versatile forms of stock...

#15: “Whatever The World Is Going Through, It’s Probably Been Worse Before…” – Meb Faber Research

#15: “Whatever The World Is Going Through, It’s Probably Been Worse Before…” – Meb Faber Research

by Meb Faber
August 23, 2025
0

individuals like to complain about how dangerous issues are, however let’s be clear they’ve been means worse Through HistoryinMemes Worst...

#14: “Utilities and the Nasdaq Have the Same Return” – Meb Faber Research

#14: “Utilities and the Nasdaq Have the Same Return” – Meb Faber Research

by Meb Faber
August 24, 2025
0

Utilities and the Nasdaq have comparable efficiency over the previous 40+ years… ¯_(ツ)_/¯  ...

Your Guide to Investing Bonuses in 2025

Your Guide to Investing Bonuses in 2025

by Levi Rasmussen
August 23, 2025
0

Free inventory promotions are one of many best methods to begin investing with out committing a big sum of cash...

Next Post
Shiba Inu Price – Can a Recovery Be Expected Or Not?

Shiba Inu Price - Can a Recovery Be Expected Or Not?

dLocal Stock: Emerging Markets Payments

dLocal Stock: Emerging Markets Payments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Chinese airlines apply for slots at Delhi, initiate steps to resume flights

Chinese airlines apply for slots at Delhi, initiate steps to resume flights

August 24, 2025
Israeli military targets Yemen’s Sanaa after Houthi attacks | Israel-Palestine conflict News

Israeli military targets Yemen’s Sanaa after Houthi attacks | Israel-Palestine conflict News

August 24, 2025
Walker And Dunlop Tries To Stay Healthy In A Struggling Market (NYSE:WD)

Walker And Dunlop Tries To Stay Healthy In A Struggling Market (NYSE:WD)

August 24, 2025
I couldn’t find an ideal pet app, so I used Notion instead

I couldn’t find an ideal pet app, so I used Notion instead

August 24, 2025
Best money market account rates today, August 24, 2025 (best account provides 4.41% APY)

Best money market account rates today, August 24, 2025 (best account provides 4.41% APY)

August 24, 2025
Why the Donbas Is the Key to the Ukraine War

Why the Donbas Is the Key to the Ukraine War

August 24, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Chinese airlines apply for slots at Delhi, initiate steps to resume flights

Israeli military targets Yemen’s Sanaa after Houthi attacks | Israel-Palestine conflict News

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In