Business transformation is the sixth of our seven major catalysts for price movement in the stock market. It occurs when a company transitions from an old, weakening model to a new model better suited to the present time. The process often results from changes in technology, but can also involve adapting to more recent customer trends.
The NYSE FANG+ index ($NYFANG)
is up 2.7 percent in afternoon trading, its biggest gain since late January. That’s driving a big rally in the Nasdaq-100. Meanwhile the Nasdaq-100’s volatility index ($VXN.X) is crashing as fear leaves the market.
The company announced its strong growth financial results for the fourth quarter and full year ended December on Feb 27th.
Shares of PayPal (NASDAQ: PYPL)
have surged from around $US77 ($109) late last year to probe record highs above $US97 in late February on the back of analyst upgrades and overall optimism for the company.
In November, we wrote an article analyzing the third quarter earnings for Netflix competitor, Roku Inc. At that time, the share price was at around
Foot Locker’s (FL) blowout quarter today is the latest example of the trend. Not only did earnings and revenue beat estimates. The key same-store sales metric was also more than twice the expected amount, a sign of successful merchandising and customer engagement.
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