Coinbase, Disney, EA, DoorDash, Simon Property, and Other Stocks for Investors to Watch This Week
Marriott International, an American multinational diversified hospitality company, is expected to report its first-quarter earnings of $0.03 per share, which represents a year-over-year decline of over 88% from $0.26 per share seen in the same quarter a year ago.The U.S. hotel operator’s revenue would slump about 50% to $2.36 billion. However, in the last quarter, the company has delivered an earnings surprise of over 20%.“Largest hotel brand company globally creates economies of scale, but the
US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week
Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings.The largest deal of the week,Enact Holdings plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.Cros
Intel Reports Earnings Thursday. Here’s What to Know.
Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.Intel didn’t issue precise new financial guidance for the first quarter, but said it exp
Global stocks hit record highs on Friday and U.S. futures were steady as a string of positive economic figures from America and China highlighted the strength of the recovery. Oil gained.At 04:12 a.m. ET, Dow E-minis were up 7 points, or 0.02%, S&P 500 E-minis were down 3 points, or 0.07% and Nasdaq 100 E-minis were down 41.25 points, or 0.29%.Xpeng rose more than 1%. XPeng establishes a long-term strategic partnership with Zhongsheng Group to further accelerate the Smart EV adoption in China.