DUBAI, United Arab Emirates — A Greek-flagged oil tanker traveling through the Red Sea came under repeated attack Wednesday, leaving the vessel “not under command” and drifting ablaze after an assault suspected to have been carried out by Yemen's Houthi rebels, the British military said.
EXPD's near-term performance positively impacted by the Red Sea conflict situation. Medium-term outlook is uncertain as Red Sea situation could end anytime and there is a lot of supply coming online. EXPD is trading at a high valuation, at the high end of its historical range, with potential for a sharp downward revision if risks materialize.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Investors bought back into the AI trade this week after a few down weeks in the market. Sea Ltd's earnings results and new board member showed that everyone is getting interested in AI.
Singapore-based e-commerce, gaming, and financial services company Sea Limited NYSE: SE added to its ongoing stock rally following an earnings beat on Tuesday, with shares almost doubling in the last year heading into the end of the week. All three of the firm's major businesses experienced sales growth and strong profitability, though the cost of revenue remains a factor impacting net income.
Sea Limited reported mixed Q2 earnings, sending shares to new 52-week highs. All three business units are seeing accelerating growth. All three business units are seeing improved profitability.
BofA Securities analyst Sachin Salgaonkar reiterated the Buy rating on Sea Limited SE, raising the price objective to $84 from $77.
Sea Limited's (SE) second-quarter 2024 results benefit from a solid uptick in e-commerce, digital financial services businesses and a robust content ecosystem.
Sea Limited's profitable growth story might be back on track.
Shares of Sea Limited (SE), the Singapore tech conglomerate that runs online shopping website Shopee, soared Tuesday after the company reported double-digit revenue growth in all its business segments for the second quarter.
Sea Limited beat on Q2 revenue but missed on earnings. Importantly, its hit game "Free Fire" appears to be on the rise again.
Sea Limited (NYSE:SE ) Q2 2024 Earnings Conference Call August 13, 2024 7:30 AM ET Company Participants Miang Chuen Koh - Investor Relations Director Forrest Li - Chairman and Chief Executive Officer Tony Hou - Chief Financial Officer Conference Call Participants Pang Vittayaamnuaykoon - Goldman Sachs Piyush Choudhary - HSBC Marissa Putri - UBS Alicia Yap - Citigroup Ellie Jiang - Macquarie Divya Kothiyal - Morgan Stanley Sachin Salgaonkar - Bank of America Thomas Chong - Jefferies Jiong Shao - Barclays Operator Good morning, and good evening to all, and welcome to the Sea Limited Second Quarter 2024 Results Conference Call. All lines have been placed on mute to prevent any background noise.