Year: 2020

A SelectQuote IPO is coming to the markets. Since November 2019, the company filed registration statements and amendments. Now, investors want to know when to expect SelectQuote stock.
But more importantly, is SelectQuote a good investment? Here’s what we know…
SelectQuote IPO: The Business

Charan Singh founded SelectQuote in 1984. Singh currently serves as a chairman. Tim Danker has been the CEO since 2017. The Kansas-based company provides an online platform to compare insurance policies for life, home and auto. SelectQuote doesn’t insure the consumer directly. Instead, the company works with over 50 carriers to choose from.
In late March, SelectQuote announced it will …read more […]

Qualcomm (QCOM) is positioned close to the eye of the macro storm. A heavy reliance on China and uncertainty concerning near-term smartphone supply and demand dynamics have contributed to a difficult 2020 for QCOM, with shares down 12% year-to-date. However, despite renewed tensions between the U.S. and China, Qualcomm could actually benefit from the worrying developments, so says Canaccord Genuity analyst Michael Walkley. The recent Department of Commerce ban on Huawei, preventing it from purchasing semiconductors from U.S. companies, has ignited fears of retaliatory moves against companies such as Apple and Qualcomm. That being said, Qualcomm’s management noted Huawei is …read more […]

Chinese e-commerce and digital tech giant Alibaba delivered better than expected results for the financial year to March 2020. Revenue grew by 35% to $72 billion (RMB509 billion). Net profits grew 42% to $19.8 billion, or $18.7 billion when expressed in non-GAAP form. Alibaba’s digital media and entertainment segment accounted for losses of $1.57 billion […] …read more […]

Chinese e-commerce giant Alibaba (BABA) has reported strong earnings results, with Q4 Non-GAAP EPS of $1.30 easily beating consensus estimates by $0.44 and demonstrating 7% year-over-year growth. GAAP EPS of $0.16 beat Street expectations by $0.04.Revenue of $16.14B marked 22% year-over-year growth, topping estimates by $860M, due to the solid performance of BABA’s domestic retail businesses and robust cloud computing revenue growth.“Alibaba achieved the historic milestone of US$1 trillion in GMV [gross merchandise value] across our digital economy this fiscal year,” cheered Daniel Zhang, CEO of Alibaba. “Our overall business continued to experience strong growth, with a total annual active …read more […]

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As states begin to reopen their economies, some experts are arguing that it won’t do much to alleviate the effects of the economic shock from the coronavirus. …read more […]

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Telehealth companies enabling individuals to see physicians without stepping foot into a physical doctor’s office are having their moment, as the coronavirus pandemic confines individuals and would-be patients across the country largely to their homes. …read more […]

Foot Locker (FL) has reported disappointing first quarter results, causing shares to pullback 6% in Friday’s pre-market trading. First quarter non-GAAP EPS of -$0.67 missed Street estimates by $0.44 while GAAP EPS of -$0.93 fell short of expectations by $0.74.Notably revenue for the athletic retailer of $1.18B plunged 43% year-over-year and fell $130M below consensus estimates. The company’s gross margin rate decreased to 23% from 33.2% a year ago and the SG&A expense rate increased to 26.9% from 20% in the first quarter of 2019. Foot Locker cited Covid-19 related store closures as behind the significant decline in sales.“We have …read more […]

As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to 93.87 billion yuan ($13.16 billion) in the quarter. With China’s economy starting up again much ahead of major economies in Europe and the United States, the e-commerce giant said it expects to generate over 650 billion yuan in revenue in fiscal 2021. The company has been pushing into new businesses and technologies as online shopping space heats up with competition from smaller rival JD.com Inc and Pinduoduo Inc, which is popular with …read more […]