U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his "White House AI and Crypto Czar."$Bitcoin (BTC.CC)$broke $100,000 for the first time last week. "He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.," Trump said in a post on his social-media site Truth Social. Sacks...
Morning Movers Gapping up $Ross Stores (ROST.US)$rallied more than 5.4% after beating earnings estimates by 9 cents per share and meeting the $5.25 billion revenue expectation. $Warby Parker (WRBY.US)$jumped 5.3% after an upgrade by JMP Securities to outperform from market perform, with an anticipation of more positive commentary from the management in future quarters. $Chewy (CHWY.US)$stock advanced more than 2.7% following...
$Riot Platforms (RIOT.US)$: “No, look. If we’re going to be in that, we’re just going to go buy Bitcoin or go buy Ethereum, either one is fine with me.” $KLA Corp (KLAC.US)$: “Its tripled, I want you to take out half...Take half and let the rest run.” $Beyond Meat (BYND.US)$: “No, don’t want to own that, way too risky.” $Advanced Micro Devices (AMD.US)$: “I think AMD under $150 would be terrific...It’s real good, but it doesn’t have what Nvidia has.”...
Morning Movers Gapping up $Bumble (BMBL.US)$stock surged 12% after the dating app company reported first-quarter revenue that topped estimates, fueled by an uptick in its subscriber base. $YETI Holdings (YETI.US)$Holdings stock jumped by 12% after the outdoor products manufacturer exceeded first-quarter earnings projections and upgraded its outlook, showing strong performance in cooler sales and international markets. $Warby Parker (WRBY.US)$stock cl...
Insider's recent sale of shares at a price below current value raises questions about their view of the higher valuation. The lack of insider purchases over the last year, along with the recent sale, does not inspire confidence in the company.
Evercore ISI sees Warby Parker as well-positioned for future growth in the U.S. vision care market, with a strong business model and consistent product innovations. The firm finds the company's risk-reward profile attractive on a growth-adjusted basis, both intrinsically and compared to peers.
The company's gross margin decline, due to increased sales of lower-margin contact lenses and costs, resulted in a surprise loss. However, growth in higher-margin businesses of glasses and Progressives may offset this. Stability in 2024 gross margin could suggest a potential recovery.
The gross margin decrease was due to the growth of lower-margin contact lenses and increased costs, offset partially by increased efficiencies and lower shipping costs. The company aims to expand its retail presence and nearly double the insured lives using their in-network vision benefits with Warby Parker.
Analysts have a high confidence in Warby Parker's profitability, predicting an average annual growth rate of 98%. The company's lack of debt is a positive indicator that reduces the risk of investing in the loss-making company.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
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