Vivint Smart Home Reported Impressive Earnings and Walmart Upcoming Earnings📈

Vivint Smart Home Reported Impressive Earnings and  Walmart Upcoming Earnings

Vivint Smart Home

Vivint is a home security company located in Provo, Utah. They have a market cap of $2.925 billion, and they are down nearly 50 percent from their 52-week high that was hit in January of 2021.

On Friday, Vivint reported their earnings, and it was mostly positive. Their revenue increased by 13.2 percent to $343.3 million, which beat analyst expectations. Since their business model relies on subscriptions, the market was looking for that also. Fortunately, their subscribers increased by 20.1 percent compared to their first quarter of 2020, which was promising. The only drawback was their net loss, which got better but still sits at $87.4 million.

Vivint’s share price jumped by 19.54 percent to $14.01 on Friday.

Walmart

Everyone knows Walmart. They are the king of retail stores, selling items from groceries to TV’s, supplying you with all your daily needs. Walmart also stands as one of the classic blue-chip stocks in the market, with their share price being stable and reliable.

Walmart is scheduled to report earnings on Tuesday before the market opens. Investors will mainly be looking for how Walmart follows up its record 2020, with many expecting growths to slow down. Along with that, they are looking for how Walmart will address its competitors, the main one being Target. Lastly, many will keep an eye on Walmart+, a service Walmart released in September as a competitor to Amazon Prime.

Walmart is down 4.78 percent during 2020, with the broader market outgaining the stock.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
The New Chip 💻

AMD has unveiled an AI-focused graphics processor, aiming to challenge Nvidia’s dominance.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.