DraftKings shares were shrugging off the company’s latest earnings report, but bulls found plenty of reasons to cheer. As MoffettNathanson’s Robert Fishman put it, “it is not really an exaggeration to say almost everything went right for DraftKings” in 2023, and the biggest stumbling block for the company was likely adverse outcomes for some sporting events. Those negative event outcomes helped drive the company to a surprise loss in the latest quarter. Prior to that, DraftKings DKNG, +0.35% had beaten bott ...

While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption than their European counterparts, according to Moody’s Investors Service.The Red Sea attacks, which were launched by Iranian-backed Houthi rebels in October, have resulted in longer transit times for cargo, as ships that would have transited the Suez Canal use alternate routes. In recent testimony on Capitol Hill, the National Retail Federation said that ...

Core Viewpoint - SunPower Corp. shares experienced an increase following the announcement of new funding and waivers from financial partners, which the company believes will help it manage current industry challenges [1]. Financial Performance - The company reported a fourth-quarter loss that was wider than expected, alongside revenue that did not meet forecasts [1].

Core Insights - Harley-Davidson Inc. reported a significant earnings beat for the fourth quarter, with net income of $25.8 million, or 18 cents per share, surpassing the FactSet consensus of 4 cents per share [1] - Despite the profit beat, motorcycle shipments continued to decline, falling 13% for the third consecutive quarter due to cautious dealer inventory management and market conditions [1] - Revenue decreased by 7.8% to $1.05 billion, although it exceeded the FactSet consensus of $998.2 million [1] Financial Performance - Net income decreased from $41.9 million, or 28 cents per share, in the previous year to $25.8 million, or 18 cents per share [1] - Revenue fell by 7.8% year-over-year to $1.05 billion [1] - Motorcycle sales dropped 12.5% to $583 million, while parts and accessories sales decreased by 13.9% to $130 million [1] Motorcycle Shipments and Sales - Motorcycle shipments fell by 13%, marking the third straight quarter of declines [1] - The company sold 514 LiveWire electric motorcycles in the fourth quarter, a significant increase from 69 units sold in the same period last year [1] - Harley-Davidson anticipates shipping between 1,000 to 1,500 electric motorcycles in 2024 [1]

Core Viewpoint - Zillow Group Inc. shares declined following a Wall Street analyst's recommendation to stop buying, indicating that current prices already reflect a recovery in the housing market [1]. Group 1 - BofA Securities analyst Curtis Nagle expressed concerns about uncertainties related to lawsuits regarding commissions paid to real estate agents, which could exert downward pressure on Zillow's stock in the upcoming months [1].

Group 1 - Trump's businesses received at least $7.8 million from foreign governments during his presidency, with China contributing approximately $5.6 million [1][2] - The report by House Democrats claims that Trump violated the Constitution by prioritizing personal financial interests over the public interest [1] - The emoluments clause of the Constitution prohibits presidents from accepting money from foreign governments without Congressional consent [2] Group 2 - Trump is currently the leading contender for the Republican presidential nomination, with a significant lead in Iowa polls [2] - The House Democrats' report is released amid a GOP impeachment inquiry into President Joe Biden regarding his son Hunter's foreign business dealings [2] - Trump's Washington hotel was sold to an investor group in May 2022 and is now operating as a Waldorf Astoria [2]