Julie Hyman
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Alphabet's Q2 Earnings Surpass Expectations, Despite YouTube Ad Revenue Miss: Search and Cloud Drive Growth
Broke On: Tuesday, 23 July 2024Alphabet Inc. reported Q2 earnings beating revenue and EPS estimates, driven by strong performance in Google's search engine and cloud services. Despite a shortfall in YouTube ad revenue, the company saw growth in other areas and announced a $5 billion investment in Waymo. Record-Breaking S&P 500: Tech Cuts Boost Earnings for 493 Companies Amid Market Breadth Concerns
Broke On: Saturday, 13 July 2024The S&P 500 index sets a new record close on July 12, 2024, with tech cuts driving earnings growth for most companies. Market breadth concerns arise as a few stocks dominate the rally. Upcoming earnings reports will determine if this trend continues or is short-lived. 
Economic Cracks: Growth Slows Down, Stock Market Woes, and the Debate over Electric Vehicles
Broke On: Friday, 28 June 2024Economic growth is slowing down, leading some investors to question their convictions and raising concerns about a potential stock market crash. JPMorgan Private Bank's mid-year outlook reveals issues with battery electric vehicles, while economic indicators such as the U.S. M2 money supply decline and Treasury yield curve inversion suggest a possible recession. However, it's important for investors to remain informed and skeptical of media sources. 
FedEx Evaluating Potential Spin-off of Freight Unit Amidst Strong Earnings and Industry Shifts
Broke On: Tuesday, 25 June 2024FedEx, a leading delivery and logistics company, is considering significant changes to its business structure, including the potential sale or spin-off of its profitable Freight unit worth $50 billion. The move comes after FedEx reported strong earnings for Q4 2023 and amidst ongoing cost-cutting measures aiming to save $4 billion by 2025. Competitors UPS and Old Dominion Freight Line have also made sector moves, with UPS selling its trucking business and freight brokerage business, while Old Dominion had a market cap of $38.7 billion as of Wednesday. 
Levi Strauss & Co. Reports Q2 Fiscal 2024 Sales Growth of 9% and Strong DTC Performance
Broke On: Wednesday, 26 June 2024Levi Strauss & Co. reported $1.4 billion in Q2 Fiscal 2024 net revenues, up 9% on a constant-currency basis, driven by DTC sales growth and strong demand in the U.S. and Europe, despite missing earnings expectations due to foreign exchange conditions and weak Docker sales. 
Boeing CEO Dave Calhoun to Face Senate Scrutiny Over Safety Culture Amid Investigations
Broke On: Monday, 17 June 2024Boeing CEO Dave Calhoun faces intense scrutiny from US senators as investigations into the company's safety culture and production issues continue. Calhoun will acknowledge shortfalls in Boeing's culture and factories, reiterate strict policies to prevent retaliation against safety whistleblowers, and provide updates on progress following near-catastrophic accidents on 737 Max aircraft. The hearing comes amid ongoing investigations from federal agencies, probes from the Justice Department and Congress, and criticism for past safety and quality control issues. 
Walmart Reports 6.0% Revenue Growth in Q1 2024: Groceries, Home Cooking Trends Drive Success
Broke On: Thursday, 16 May 2024Walmart reports a 6.0% revenue increase in Q1 2024, driven by strong grocery sales due to inflation and consumer shift towards home cooking. The company also experiences growth in digital sales and launches new private label brand Bettergoods. 
Mixed Stock Market Performance Amid Economic Data Releases and Investor Expectations
Broke On: Monday, 13 May 2024The Dow Jones Industrial Average ended its eight-day winning streak on May 12, 2024, as investors awaited key economic data releases, including Home Depot's earnings and highly anticipated consumer price index report. Growth stocks benefited from improving forward guidance in the US, while defense stocks remained bullish despite underperformance. The Federal Reserve's dovish turn boosted expectations for lower interest rates, but investors kept a close eye on inflation data. 
April Job Growth Slows to 175,000 Added as Health Care and Social Assistance Sectors See Largest Gains
Broke On: Friday, 03 May 2024Job growth slowed to 175,000 positions in April, the lowest since October last year, with the health care sector leading payroll gains. The unemployment rate inched higher to 3.9%. Construction and manufacturing also saw modest hiring increases while several sectors experienced a decline in hiring. 
Tech Earnings: The 'Magnificent Seven' Shifts as Amazon, Apple, Alphabet, NVIDIA, Meta, Microsoft and Tesla Report
Broke On: Sunday, 28 April 2024Tech earnings focus on 'Magnificent Seven' but analyst warns against relying on high valuations as volatility shifts the dynamics within the sector. Major tech companies like Amazon, Apple, Alphabet, NVIDIA, Meta, Microsoft and Tesla release reports this week. Stay informed about other big earners such as LLY, KO, AMD and MCD.