Recent 52-Week Highs

INTERVIEW: Open Lending CEO and CFO on Why Fintech for Auto Loans Keeps Running Strong

Open Lending President and CEO John Flynn, CFO and COO Ross Jessup By John Jannarone The COVID crisis may have caused auto loan demand to stall, but investors who look closely will see it’s revving back up – and the fintech behind it matters more than ever. Open Lending’s technology that helps lenders extend more […]

Why Cloudera Stock Tumbled Today

Shares of Cloudera (NYSE: CLDR) sank on Thursday after the cloud software company reported its first-quarter results. Cloudera reported first-quarter revenue of $210.5 million, up 12% year over year and $5.9 million higher than the average analyst estimate. Subscription revenue grew at a quicker 21% pace, reaching $187.1 million.

eBay Orders Surge During Pandemic; Raises Outlook for Second Quarter

As a result of strong demand, eBay now expects revenue to come in between $2.75 billion and $2.8 billion in the current quarter, representing 13% to 16% year-over-year growth. If eBay hits the high end of the EPS range it will represent growth of 60%.

Lamborghini sales stay hot with stock market soaring again: CEO

Lamborghini sales stay nicely in motion despite the global economic downturn. Yahoo Finance chats with Lamborghini Chairman and CEO Stefano Domenicali.

Doctors Warn U.K. Lawmakers How Covid Misinformation Can Kill

(Bloomberg) -- Rajeev Fernando, a medical doctor and first responder working in New York, told U.K. lawmakers that one of the biggest challenges he’d faced is public belief in conspiracy theories and bogus cures about Covid-19.“I’ve also heard too many patients say Covid-19 is just like the flu; this misinformation has kept many at home thinking this will disappear,” Fernando said. “By the time some people are hospitalized, they’re already in multi-organ failure and death is inevitable.”Executives from Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google were interviewed by British lawmakers on Thursday about how their companies handled the spread of medical misinformation during the Covid-19 pandemic.The parliamentary committee leading the investigation published a selection of evidence it had gathered in advance of the questioning from front-line medical professionals. It was strongly worded, centering around how the public has suffered as a direct result of misinformation via social media.Read more: Twitter Will Add Labels to Some Misleading Covid-19 TweetsThomas Knowles, a medical doctor in the U.K., said in his written evidence that he’d taken a call from a woman whose symptoms made him “strongly suspect that she was experiencing a heart attack,” he said.Knowles said the woman told him she wouldn’t allow emergency medics in her home to take her to hospital because her doctor had informed her that she had to shield herself because of her other health conditions, and that she’d read on Facebook that it meant she’d definitely die if she went to hospital and caught it.“I was forced to accept her right to decline treatment, and she received no specific care that I’m aware of,” he said.Read more: Google Helps Place Ads on Sites Amplifying Covid ConspiraciesFacebook ResponseMonika Bickert, Facebook’s head of product policy and counterterrorism, was also questioned about the company’s response to an aggressive post made by U.S. President Donald Trump concerning his response to the civil unrest that has swept across the country. Bickert said she wasn’t aware of an open letter published by the New York Times from dozens of former Facebook employees this week. The employees were angry the social network hadn’t followed Twitter’s example of removing the post made by Trump.“It’s a shocking indictment from a number of quite senior former employees,” lawmaker Kevin Brennan told Bickert in the hearing. “To me, it feels like there’s something rotten in the state of Facebook, but am I wrong?”“I haven’t seen the letter,” Bickert said, but added that Facebook’s decision not to remove the President’s message was because it “did not violate” the company’s “long-standing policies.”Deleted PostsGoogle, Twitter and Facebook have all said in the past that tackling the spread of misinformation on their platforms was a priority. Twitter, for instance, has hidden or deleted posts that contain what it determined potentially harmful information. Google includes links to the World Health Organization at the top of search results for information about the virus.Part of the research by the U.K. committee highlighted a statement from Duncan Maru, an epidemiologist and physician based in Nepal, who said his colleagues had treated patients suffering from consuming disinfectants “after reading online that this was a way to cure Covid-19. We can’t be fighting lies and saving lives at the same time.” Read more: 5G Virus Conspiracy Theory Drives Phone Mast Attacks in U.K.And Meenakshi Bewtra, an assistant professor of medicine and epidemiology at the University of Pennsylvania, concluded similarly: “It is extremely difficult to be fighting both the global pandemic and the infodemic on social media,” she said. “I have personally been contacted by people who have spent money they do not have on ‘remedies’ or engaged in various practices that have no efficacy whatsoever.”The written statements, published by the U.K.’s Digital, Culture, Media and Sports committee on Thursday, will inform the questions the lawmakers ask tech companies at the hearing. It follows a similar hearing in April that followed the spread of a widely discredited conspiracy theory that 5G wireless technology is contributing to the Covid-19 pandemic.(Updated with additional context throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Why Shares of eBay Are Jumping Today

Shares of eBay (NASDAQ: EBAY) are running nearly 7% higher on Thursday morning after the online marketplace raised its second-quarter earnings outlook on better-than-expected results during the COVID-19 pandemic. At the end of April, eBay expected to generate revenue between $2.38 billion to $2.48 billion in the second quarter, but now says it is doing significantly better than the forecast in its earnings release.

• Ciena beats profit and revenue expectations, but stock pulls back from 18-year high

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• Campbell Soup's stock rallies after profit and sales beat, raised outlook

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Why Is PerkinElmer (PKI) Up 11.4% Since Last Earnings Report?

PerkinElmer (PKI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Why Is Regeneron (REGN) Up 9.2% Since Last Earnings Report?

Regeneron (REGN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  Ciena (CIEN) Q2 Earnings and Revenues Beat Estimates

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  Why Is Delek US Holdings (DK) Up 6.6% Since Last Earnings Report?

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Has eBay (EBAY) Outpaced Other Retail-Wholesale Stocks This Year?

Is (EBAY) Outperforming Other Retail-Wholesale Stocks This Year?

Moving Average Crossover Alert: eBay

eBay Inc. (EBAY) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Cloudera's (CLDR) Q1 Earnings and Revenues Increase Y/Y

Cloudera's (CLDR) first-quarter fiscal 2021 results reflect rapid adoption of its cloud-based products and services and efficient cost management.

EBay Raises Outlook for Sales, Profit as Buyers Flock Online

(Bloomberg) -- EBay Inc. raised its forecast for revenue and earnings in the current quarter as people flock to the online marketplace amid the Covid-19 pandemic that has left most physical stores shuttered for more than two months.EBay said it now expects sales of as much as $2.8 billion in the second quarter, up from a previous forecast for as much as $2.48 billion. In a filing the company said it sees adjusted earnings per share of as much as $1.06, up from 80 cents previously.More people are being drawn to EBay’s marketplace across a wide variety of categories, from home and garden to electronics, fashion and auto parts, EBay said. The site has seen about 6 million new and reactivated buyers added in April and May. Tens of thousands of small-business sellers have also flocked to the platform since March. Shares in the San Jose, California-based company jumped as much as 12%, hitting an intraday high of $51.88. The stock has gained 38% this year.EBay earlier this year named former Walmart Inc. executive Jamie Iannoneas chief executive officer. Activist investors Elliott Management Corp. and Starboard Value have been pushing EBay to increase profitability by selling pieces of itself following years of stagnation in its core marketplace business.The company in February completed the sale of its event-tickets marketplace StubHub to Viagogo for $4.05 billion and is exploring options for the classifieds business. EBay is also trying to boost revenue from its advertising and payments businesses. In the statement, EBay said revenue from its classifieds business is at the high end of its previously disclosed expectations, with automotive subscription revenue recovering as dealerships reopen across international markets.To further engage new buyers, EBay is making additional investments in marketing and technology to keep people coming back and buying on the site more often.EBay didn’t update its full-year guidance at this time, but said it will likely be above previously announced ranges. In April, the company said it expects 2020 revenue of as much as $9.76 billion and adjusted earnings per share of as much as $3.10Taking a step to address the wave of protests over racial injustice sweeping the U.S. in the past week, EBay said it is making a donation of more than $1.3 million, split between the NAACP Legal Defense Fund and the Equal Justice Initiative.(Updates with shares in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  Zoom Video earnings and sales blow away expectations, stock rises toward more records

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• Ciena beats profit and revenue expectations, but stock pulls back from 18-year high

  MarketWatch

Why The New York Times Stock Jumped 21% in May

The New York Times (NYSE: NYT) outperformed a rallying stock market last month. Shares rose 11% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.

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  Why BJ’s Warehouse Club Stock Jumped 37% in May

  Motley Fool
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  Why Expedia Group Stock Rose 12% in May

  Motley Fool

3 Top Video Game Stocks to Buy in June

The COVID-19 pandemic and the resulting work-from-home trend have accelerated the growth of the video game industry in the last few months. Companies are seeing more players join the gaming fold, and with advancements in graphics technology on the horizon with the new consoles coming this fall from Sony and Microsoft, now is a good time to consider adding a few top video game stocks to your nest egg. CEO Bobby Kotick has guided Activision Blizzard (NASDAQ: ATVI) to market-beating returns since taking over in the early 1990s.

4 Electronic Payment Stocks to Gain as Economy Reopens

A pickup in consumer and business activities has put in limelight a couple of electronic payment companies.

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  Chicago to begin coronavirus reopening plan despite unrest, mayor says

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  Las Vegas Casinos Reopen This Week, And Here's What Investors Should Expect

  Benzinga

Agilent (A) Launches Two Products in Mass Spectrometry

Agilent (A) recently announces the launch of two products in a bid to expand presence in the Mass Spectrometry market.

Why You Should Retain PerkinElmer (PKI) in Your Portfolio

PerkinElmer (PKI) continues to gain traction from strong international presence and robust product portfolio.

Market Surge to Maintain Momentum in June: 5 Tech Bets to Buy

Here we choose five technology stocks that are well-poised to grow as market rally continues in June.

Tom Cotton Declares His Candidacy for 2024

(Bloomberg Opinion) -- Republican Senator Tom Cotton of Arkansas launched his 2024 presidential campaign yesterday. His op-ed in the New York Times has created a blizzard of protest both within the nation’s most elite liberal newspaper (for publishing it) and beyond (for what it says). Both debates are valid. However, his column is best understood as a marker: Cotton is laying down a stake on a future debate, not one in the present.   Titled “Send In the Troops,” the column does indeed say that “it’s past time to support local law enforcement with federal authority.” Federal troops are necessary to crack down on the “anarchy” unleashed by “cadres of left-wing radicals,” Cotton writes. (No, he doesn’t bother with the nuisance of proving such “cadres” exist.) Only military force can smash the looters and rampaging criminals, who include “the thrill-seeking rich as well as other criminal elements.”The essay is a demagogic hash, as greasy as the bacon Senator Ted Cruz once cooked on the muzzle of an AR-15. But if you’re a precocious right-wing senator with a strong attachment to personal advancement and a weak one to pluralistic democracy, then you might view Cotton’s piece as pretty smart. If President Donald Trump is re-elected in November, or somehow manages to retain power without the benefit of election, Cotton’s hysterics will be completely forgotten. No harm, no foul. But if Trump is defeated, the battle for the 2024 nomination will begin immediately, and Cotton will have a message that resonates across the plains and valleys of racial and cultural resentment that define the Republican base: “Who lost Washington?”This is not a new or original message. It hearkens all the way back to the communist hysteria of “Who Lost China?” after World War II. But it’s a crowd-pleaser, especially among Republican base voters who find Trump’s destruction of democratic norms and constitutional niceties one of his most appealing traits. The party’s core voters chose Trump because they want someone to smite their enemies, not cooperate with them. Polls show Republican voters are not interested in compromise. Study after study documents the racial and cultural resentments that power this lust for political and cultural conquest.If you’re tired of the “feckless” politicians of urban America and the “elites” who “have excused this orgy of violence in the spirit of radical chic,” Cotton is offering you a blueprint to own the libs once and for all. He won’t merely send officers deploying rubber bullets, batons, flash-bangs and pepper balls (tear gas) to disperse a peaceful crowd exercising its First Amendment rights of assembly and petition, as U.S. Attorney General William Barr did this week in Washington. Cotton will impose a hostile occupation of cosmopolitan America. More important, Cotton is first to brand the assault as his idea. Whether Cotton actually believes his authoritarian dream is practical (let alone necessary) is beside the point. It’s the message that matters, and the message, circa 2021, goes something like this: If only we’d cracked down harder on those liberal cities — and the omnipresent Antifa that you’ve heard so much about on Fox News — then we could’ve saved America from the horrors of Democratic rule.Donald Trump, in the end, may simply prove too weak to meet the threat posed by a diversifying country. Republican voters may discover that a merely thuggish president is not sufficient for the task they have in mind. They need a competently thuggish one, someone willing to go even further than Trump, yet without the flailing and chaos that has undermined the MAGA cause. Tom Cotton just made a pitch for their votes in 2024.  This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Francis Wilkinson writes editorials on politics and U.S. domestic policy for Bloomberg Opinion. He was executive editor of the Week. He was previously a writer for Rolling Stone, a communications consultant and a political media strategist.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Zynga Doubles Down on the Future With $1.8 Billion Acquisition

The addition of Peak significantly increases its daily active users and ability to grow internationally.

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  Zynga acquisition of Peak Games meets with analyst approval

  MarketWatch
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  Zynga Snaps Up Peak For $1.8B In Its Largest Deal To Date; Shares Up 7%

  SmarterAnalyst

Cloudera, Inc. (CLDR) Q1 2021 Earnings Call Transcript

Good afternoon, my name is Oren and I will be your conference operator today and welcome to the Cloudera First Quarter Fiscal 2021 Quarterly Results Conference Call. During the course of this call, we will make forward-looking statements regarding future events and the future financial performance of the company.

Cloudera, Inc. (CLDR) Beats Q1 Earnings and Revenue Estimates

Cloudera, Inc. (CLDR) delivered earnings and revenue surprises of 400.00% and 3.39%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

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  Comtech Telecommunications (CMTL) Reports Q3 Loss, Lags Revenue Estimates

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  HealthEquity (HQY) Lags Q1 Earnings and Revenue Estimates

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Why Cloudera Stock Jumped Today

Shares of Cloudera (NYSE: CLDR) have jumped today, up by 10% as of 3 p.m. EDT, after receiving an upgrade from Wall Street. Morgan Stanley boosted its rating on Cloudera from equal weight (equivalent to a neutral) to overweight (equivalent to a buy), and analyst Sanjit Singh increased his price target from $8 to $14. The business is starting to stabilize following its merger with Hortonworks, which closed in January 2019, and the company can now focus on product development.

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  Cloudera Needs to Break Above This Key Level to Really Rally

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• Smartsheet stock plunges after billings, outlook fall short

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The next hot building amenity is clean air

The best offices have meditation rooms and gourmet lunches. A high-end apartment building might have a dog park. But tenants and building owners have a new priority amenity: clean air.