. — Boston Beer rallied more than 20% in midday trading after the company reported more than doubled the consensus earnings estimate of $2.43 per share. The brewer reported second-quarter earnings of $4.88 per share. The Sam Adams parent bested sales forecasts as well, aided by a surge in at-home demand for its products despite widespread bar and restaurant closures.— Shares of the athletic apparel company added 2% after Deutsche Bank penned a "catalyst call buy" on the stock.
The brokerage wrote that Under Armour will continue to see better profits as consumers pursue healthier lifestyles and brick-and-mortar locations reopen.— Mattel was down about 5% in midday trading despite better-than-expected financial figures. The company said Thursday evening that it lost 26 cents per share for its latest quarter, smaller than the 34 cents a share loss that Wall Street was expecting.
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Very soon many unemployed and underpaid people will not be able to afford devices and vehicles. Watch out for the second wave and the undertow.
Intel, I’ve owned it since 1984. I’ve had many heart breaking down days. Few euphoric days owning this stock. Yet it has made me money and continues to do so. Perhaps management at the top needs a scientist rather than a banker. What a waste of resources.
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