Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Month
Gao Tu's subsidiary "Gao Tu Jia Pin" announced the suspension of broadcasting: How far can the education company's live-streaming sales go?
Although the relationship between education companies and live streaming sales began by chance, it must be admitted that today, live streaming sales has become a shortcut for various companies to seek growth, and education companies are no exception.
The "AI+education" business has not yet been implemented, what is Gotu.US doing to support Wall Street's confidence?
Pre-market trading on August 27, Gaotu released its second quarter fiscal year 2024 performance. The financial report shows that Gaotu's Q2 revenue was 1.01 billion yuan (RMB, same unit), an increase of 43.6% year-on-year. However, Gaotu's current increase in revenue does not increase its net income, and its current net loss reaches 0.43 billion yuan, compared to a net income of 56.16 million yuan in the same period last year, resulting in a loss after turning a profit.
US stocks abnormal | Kangnaide Biology rose 28.77%, the largest increase in Chinese concept stocks.
On August 30, the top five stocks with the highest growth in Chinese concept stocks were: Kangnai De Biological rose 28.77%, Gaotu rose 17.78%, Huibao Holdings rose 17.23%, Jiliang Group rose 14.77%, and Noah Holdings rose 14.73%.
U.S. stocks closed | The three major indexes showed mixed gains and losses, with the Dow hitting a new high again during the day! Nvidia's performance after the market fell more than 6%.
Dell's stock rose more than 8% after hours, Chinese concept stocks rebounded more than 2%, Li Auto Inc. surged more than 10%, pdd holdings rose nearly 5%.
US stock market close | The three major indexes all fell, with the Nasdaq falling more than 1%; Chinese concept stocks declined, with li auto inc falling more than 16% and pdd holdings falling more than 7%.
Warren Buffett's Berkshire Hathaway first reached a market cap of 1 trillion dollars, while Super Micro Computer fell by 19%, and Salesforce surged over 4% after the financial report.
US stocks are volatile. Bimi International Medical fell by 85%, making it the largest decline among Chinese concept stocks.
On August 28, the top five stocks with the largest decline in Chinese concept stocks were: Bimi International Medical, down 85%; Jiuzi New Energy, down 28.51%; Gaotu, down 18.87%; Youjia Insurance, down 14.47%; Zhenkunhang, down 12.68%.
US stocks closed | The three major indices rose slightly, with nvidia's heavy financial report rising over 1% before the market; Chinese concept stocks showed differentiated trends, with pdd holdings falling over 4%.
Tesla fell nearly 2%, and after being targeted by short-sellers, the "demon stock" AI SuperMicro fell nearly 9%; the day after PDD's financial report fell more than 4%, but Chinese concept stocks rebounded, and Xpeng Motors skyrocketed 14% in two days after the CEO announced shareholding.
Gaotu Techedu's Profitability Outlook Deteriorates on Increased Workforce - Analyst
Citi Downgrades Gaotu Techedu(GOTU.US) to Sell Rating, Cuts Target Price to $2.94
Citi analyst Alice Cai downgrades $Gaotu Techedu(GOTU.US)$ to a sell rating, and adjusts the target price from $5.81 to $2.94.According to TipRanks data, the analyst has a success rate of 40.0% and
Gaotu Techedu Inc. (GOTU) Q2 2024 Earnings Call Transcript Summary
U.S. Stocks Update: Gatitu's stock once fell by about 16%, Q2 turned from profit to loss year-on-year, and gross margin declined to 69%.
On August 27th, GOTU.US dropped by about 16% in early trading, reaching a low of $3.43. Today, GOTU released its Q2 financial report as of June 30th, with a net revenue of 1.0098 billion yuan, a year-on-year increase of 43.6%; a net loss of 0.4296 billion yuan, compared to a net income of 56.2 million yuan in the same period last year; the gross margin decreased from 73.8% in the same period last year to 69%.
Express News | The three major stock indexes in the U.S. opened lower collectively, with the Dow Jones down 0.11%, the Nasdaq down 0.37%, and the S&P 500 index down 0.21%. JD.com rose 4%, the company announced a buyback of shares worth no more than 5 billion US dollars
Sector Update: Consumer Stocks Mixed Premarket Tuesday
US stock market preview | The three major futures indices fell slightly, popular China concept stocks rose before the market, jd.com and Xiaopeng both rose nearly 4%; Goldman Sachs is optimistic and predicts that the S&P 500 index will reach a new high th
Before the highly anticipated Nvidia financial report is released, the pre-market trading in the US stock market is on high alert, with the three major futures indices edging slightly lower on Tuesday.
American Woodmark Reports Downbeat Results, Joins Snowflake And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Gaotu Techedu Shares Are Trading Lower Following a Q2 Earnings Miss.
Gaotu Techedu: Revenue Up Amid Net Losses
Gaotu Techedu | 6-K: Report of foreign private issuer (related to financial reporting)
Why Trip.com Group Shares Are Trading Higher By Around 10%; Here Are 20 Stocks Moving Premarket