Yahoo Finance

Thomas Hum

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Thomas Hum is a writer at Yahoo Finance. He is a student at Vanderbilt University ('23) pursuing a degree in economics with a minor in business, and also serves as managing editor for The Vanderbilt Hustler.

BofA is bullish on Carvana business model despite macro headwinds

Carvana stock has been on a steady downtrend since mid-2021 peaks, with declining earnings keeping the online used car retailer in a stock price rut. Despite macroeconomic headwinds and Carvana’s recent lackluster performance, Bank of America remains optimistic about the company’s business model.

2 years ago

CVNA

KMX
Texas is a ‘very friendly place’ for business, Canyon Partners co-founder says

Texas continues to be a hotbed for corporate relocations — last year, 62 corporations moved their headquarters to the Lone Star State. According to American businessman and Canyon Partners co-founder Josh Friedman, the healthy business environment is what is spurring companies to make the move.

2 years ago

TSLA

GS
Why Target and Walmart still have 'upside' despite earnings misses, according to BofA

Target (TGT) and Walmart (WMT) may have shed tens of billions from their market caps after reporting earnings recently, but the two retailers may still have a key driver going for them.

2 years ago

TGT

BAC
Terra collapse could ‘accelerate’ crypto regulation by legislators: Circle CEO

TerraUSD, which was the third-largest stablecoin in the cryptocurrency market just a couple weeks ago, has since unpegged from the U.S. dollar and collapsed along with its reserve asset Luna. According to Circle CEO Jeremy Allaire, such a crypto collapse could spur legislators to take quicker action towards regulating the digital asset space.

3 years ago

LUNA1-USD

UST-USD
BofA: ‘Solid 1Q sales’ for home improvement ahead of Home Depot, Lowe’s earnings

Two of America’s largest home improvement retailers, Home Depot and Lowe’s, are expected to report fiscal Q1 2022 earnings next week. Ahead of these earnings releases, a recent Bank of America Global Research report suggests a positive outlook for the performance of the two companies.

3 years ago

BAC

BAC-PQ
Peloton has 'a $500 million unused revolver,' analyst says

In spite of the uncertainty and doubt surrounding Peloton from experts — from concerns regarding its hardware to its current level of capitalization — Citi internet sector senior analyst Ron Josey believes that the company’s value proposition and innovation position it well for the future.

3 years ago

JPM

JPM-PK
BofA: ‘More buying of the dip’ seen among retail and institutional investors

The S&P 500 continues to further its 52-week low point as inflation came in hotter than expected for April. In light of the market trough, however, a recent Bank of America Global Research report notes that retail and institutional investors continue to “buy the dip.”

3 years ago

^GSPC

BAC
Why the Fed is obsessed with decreasing ‘help wanted’ listings: DataTrek

Non-farm payrolls rose by 428,000 against a forecast of 380,000, while the unemployment rate held near its pre-virus low at 3.6% versus an expected 3.5% in April. According to DataTrek Research, however, the Federal Reserve would like to see the growing number of job listings fall rather than increase.

3 years ago
Metaverse is ‘going to be a very big opportunity,' Qualcomm CEO says

In Q1 2022, Meta’s metaverse business operated at a loss of nearly $3 billion, causing skepticism in the market about whether metaverse truly has a place in the digital future. In spite of the skepticism, Qualcomm CEO Cristiano Amon agrees that the best has yet to come for metaverse adoption and investment.

3 years ago

FB

QCOM
Boeing: 13 problems management isn’t fully recognizing, according to BofA

American aerospace giant Boeing reported Q1 2022 earnings that missed expectations last week, further adding to its stock’s decline which has been on a downtrend since mid-2021 peaks.

3 years ago

BAC

BAC-PQ

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Most Recent

BofA is bullish on Carvana business model despite macro headwinds

Texas is a ‘very friendly place’ for business, Canyon Partners co-founder says

Why Target and Walmart still have 'upside' despite earnings misses, according to BofA

Terra collapse could ‘accelerate’ crypto regulation by legislators: Circle CEO

BofA: ‘Solid 1Q sales’ for home improvement ahead of Home Depot, Lowe’s earnings

Peloton has 'a $500 million unused revolver,' analyst says

BofA: ‘More buying of the dip’ seen among retail and institutional investors

Why the Fed is obsessed with decreasing ‘help wanted’ listings: DataTrek

Metaverse is ‘going to be a very big opportunity,' Qualcomm CEO says

Boeing: 13 problems management isn’t fully recognizing, according to BofA