Why Domo Stock Popped Today

Lenore Staats

What happened

Shares of Domo (NASDAQ:DOMO) have popped today, up by 10% as of 12 p.m. EDT, after the company reported  fiscal second-quarter earnings. Domo delivered a textbook beat-and-raise.

So what

Revenue in the fiscal second quarter came in at $51.1 million, topping the consensus estimate of $49 million. That resulted in an adjusted net loss of $10.7 million, or $0.37 per share, which was better than the $0.50 per share in adjusted net losses that analysts were expecting. Billings increased 23% to $47.6 million.

Illustration of a person getting data on a tablet

Image source: Getty Images.

“Domo was built for this new world of work where business

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Your Funds: How to think when a favorite stock is in the news | Column

Lenore Staats

Still, it’s hard to ignore that ExxonMobil has been choking amid the mostly strong market conditions of the past decade. Shares trading for more than $100 six years ago sell for less than $50 today.

Even factoring dividends and total return into the picture, ExxonMobil has badly lagged the Dow; the annualized average spread is more than 20 percentage points.

That said, if history is a precursor, being dumped by the Dow is good news for Exxon-Mobil shareholders. Several studies have shown that issues kicked out of the major indices outperform the stocks that replace them.

The last time three

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Emerson Electric Co. (NYSE:EMR) Stock Holdings Increased by Citizens Financial Group Inc RI

Lenore Staats

Citizens Financial Group Inc RI increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 24.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,784 shares of the industrial products company’s stock after acquiring an additional 2,906 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Emerson Electric were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Wellington Management Group LLP raised its stake

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Magnus Financial Group LLC Raises Stock Holdings in Brady Corp (NYSE:BRC)

Lenore Staats

Magnus Financial Group LLC lifted its holdings in shares of Brady Corp (NYSE:BRC) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,185 shares of the industrial products company’s stock after purchasing an additional 715 shares during the quarter. Magnus Financial Group LLC’s holdings in Brady were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Brady by 36.9%

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How Apple’s Stock Split Will Affect the Dow Jones Industrial Average

Lenore Staats

Apple (NASDAQ: AAPL) announced a 4-for-1 stock split when it reported fiscal third-quarter results last month, the first such corporate action since the last split (7-for-1) occurred back in June 2014. While stock splits are generally meaningless in terms of fundamentals due to the way that math works, the move will actually have a significant impact on the Dow Jones Industrial Average (DJINDICES: ^DJI).

Here’s why.

Exterior of Apple Store in Bangkok, Thailand at night

Image source: Apple.

No longer No. 1

For starters, you have to recall that the Dow is unique among all major benchmarks: The index is price-weighted instead of market-cap-weighted. Individual stock prices are

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Anchor Capital Advisors LLC Has $1.35 Million Stock Position in Stag Industrial Inc (NYSE:STAG)

Lenore Staats

Anchor Capital Advisors LLC increased its position in Stag Industrial Inc (NYSE:STAG) by 120.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,995 shares of the real estate investment trust’s stock after purchasing an additional 25,175 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Stag Industrial were worth $1,349,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Stag Industrial by 224.5% in the

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Plymouth Industrial REIT Announces Proposed Offering of 5,750,000 Shares of Common Stock

Lenore Staats

Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that it intends to offer, subject to market and other conditions, 5,750,000 shares of its common stock. Plymouth intends to grant the underwriters a 30-day option to purchase up to an additional 862,500 shares of its common stock. Plymouth intends to use the net proceeds from this offering to fund acquisitions, including certain industrial properties under contract, and for working capital and other general purposes, including to repay outstanding indebtedness under its revolving credit facility.

Barclays, KeyBanc Capital Markets, BMO Capital Markets and J.P. Morgan are acting as joint book-running

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Why Griffin Industrial Realty (GRIF) Stock is a Compelling Investment Case

Lenore Staats

download here. The fund posted a return of 18.3% for the second quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.6% in the same quarter. You should check out Rhizome Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.” data-reactid=”12″Rhizome Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 18.3% for the second quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.6%

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Business News | Stock and Share Market News

Lenore Staats


By

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Stock Quotes, Business News and Data from Stock Markets

Lenore Staats



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Lenore Staats



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Yahoo Finance – Stock Market Live, Quotes, Business & Finance News

Lenore Staats

Business

Bloomberg

(Bloomberg) — Elon Musk wasn’t about to let a revenue-less manufacturer of zero-emission semi trucks steal the spotlight from Tesla Inc.The chief executive officer sent an email to employees before the market opened Wednesday declaring that it is “time to go all out” and put Tesla’s Semi into volume production. Musk didn’t give a time frame for when he expects mass output to actually happen. Just six weeks ago, Tesla said it was postponing initial deliveries to 2021, roughly two years later than initially planned.If Musk was looking to regain the attention of any investors whose eyes had

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Stock market today: News, data and summary

Lenore Staats



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