Tag: soar

Enterprise Adoption And Financing Soar

Following its public offering last Friday, Unity (NYSE: U) now has market cap over $24 B. The tech stock boom, which include mobile gaming, where Unity supplies the building blocks for developers, could not have come at a better time. Competitor Epic Games’ $18 B private financing probably puts its stock, if offered, at over $40 B.

The fog of the war has shrouded a confusing and unsettled Tik Tok sale. Tik Tok is not banned, for now, but another reckoning will come next week. Tik Tok’s lawsuit against the US government is still pending. The Chinese government can still block the deal. And the president* is demanding the parties fund a conservative American history curriculum for public schools from the deal’s proceeds. Which is probably not legal. Meanwhile, TikTok downloads are skyrocketing, although many Tik Tok stars have begun beefing up their presence on other platforms, just in

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Stock market crash: 3 reasons why cheap UK shares could soar

Even though some stocks have recovered after the recent market crash, there are still a wide range of cheap UK shares available to buy. In the long run, they could deliver impressive returns due to their low prices, the stock market’s past performance and their improving financial prospects.

As such, now could be the right time to buy a range of undervalued British stocks from the FTSE 100 and FTSE 250. They could have a positive impact on your financial outlook over the coming years.

The improving outlook for cheap UK shares

Cheap UK shares could deliver high returns in the long run as the world economy recovers. Fiscal and monetary policy stimulus has the potential to boost the outlook for global GDP. This may lead to improving operating conditions for many companies that are currently struggling to post positive sales and profit growth.

Certainly, this process is unlikely to

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3 reasons why cheap UK shares could soar

Even though some stocks have recovered after the recent market crash, there are still a wide range of cheap UK shares available to buy. In the long run, they could deliver impressive returns due to their low prices, the stock market’s past performance and their improving financial prospects.



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Businessman looking at a red arrow crashing through the floor

As such, now could be the right time to buy a range of undervalued British stocks from the FTSE 100 and FTSE 250. They could have a positive impact on your financial outlook over the coming years.

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The improving outlook for cheap UK shares

Cheap UK shares could deliver high returns in the long run as the world economy recovers. Fiscal and monetary policy stimulus has the potential to boost the outlook for global GDP. This may lead to improving operating conditions for many

Read More

FedEx’s Profit Jumps as Residential Deliveries Soar | Business News

By CATHY BUSSEWITZ, AP Business Writer

NEW YORK (AP) — FedEx’s profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses improved.

The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx’s fiscal first quarter. That was up from $745 million a year earlier.

Its revenue rose to $19.32 billion, up 13% from $17.05 billion in last year’s quarter.

“The growth that we expected to see over a period of three to five years happened in a period of three to five months,” said Raj Subramaniam, president and chief operating officer at FedEx, in a conference call with investors.

Delivery of large packages, furniture and high-value electronics to homes increased, said Brie Carere, executive vice president and chief marketing and communications officer. Shoppers who are over 65 years old “finally moved to

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Myer’s online sales soar 61% but net loss slumps to AU$172m due to COVID-19

Myer has posted its full-year results, highlighting how the company achieved record online sales, but it was not enough to keep the company from being in the red.

For the period ending 25 July 2020, the Australian retail giant saw group online sales soar 61% to AU$442.5 million. In the 2H20 alone, online sales lifted 99% year on year. Group online sales included sales from Sass & Bide, Marcs, and David Lawrence, but excluded sales via in-store iPads.

The most popular categories were beauty and homewares that saw online sales skyrocket by 218% and 177%, respectively, during the full year.

Meanwhile, Myer Online sales, which excludes Sass & Bide, Marcs, and David Lawrence, reached AU$405 million in FY20.

Myer CEO and managing director John King pinned the acceleration of online sales to the work the company has undertaken to improve its online channels.

“During the past two years, Myer has

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