Business Network New York
Products and Services:2,592
Articles and publications:26,864 (+4)
Tenders & Vacancies:17

Observing the Trend of Renewed Business Activity and Improved Earnings
Information is out of date

Observing the Trend of Renewed Business Activity and Improved Earnings
As Covid-19 cases dropped by the end of 2020, business picked up and markets opened. Even if the pandemic is rising again, there are opportunities for investment.

2022 saw a surge of business activity in various industries, particularly entertainment, restaurants and hospitality. There are other industries too that benefited from the relaxing of the Covid-19 shutdown while others suffered from the fact that people were heading outdoors again for entertainment. These observations can help you in online stock trading. So, here are a few stocks for you to examine:    

Cresco Labs ($CRLBF) 

Cresco Labs is a legal marijuana company, an industry that is predicted to have long-term growth. Legalized cannabis has been legalized in 36 states, and Cresco operates in multiple states as an MSO. Its retail presence is growing, particularly after acquiring Bluma Wellness. Cresco now operates 33 dispensaries: 

  • For Q1 2021, Cresco Labs reported revenue worth $178.4 million, a year-over-year growth of 168.8%. Gross profit was also reported at $87 million, a massive year-over-year growth of 268.9%. 
  • Q2 2021 saw Cresco Labs earn revenue worth $210 million, a year-over-year growth of 122.8%. Net income was reported at $2.7 million, a year-over-year growth of $44.4 million. 
  • For Q4 2020, Cresco Labs reported revenue worth $162.3 million, a 6% growth over Q3 2020.
  • For the full year of 2020, Cresco reported record revenue of $476.3 million, a year-over-year growth of 271%.
  • Q3 2020 revenue was reported at $153.3 million, a 63% growth over the revenue from Q2 2020. 

Zendesk ($ZEN)

Cloud services provider Zendesk is catching on from small business customers to bigger companies. It offers a range of cloud software services aimed at customer service. Its business is expected to keep improving though it did miss analyst expectations for the latest quarter:   

  • For Q2 2021, Zendesk earned revenue worth $318.2 million, with a year-over-year growth of 29%. GAAP operating loss was $42.4 million.   
  • For Q1 2021, Zendesk reported revenue worth $298.05 million, compared to $237.48 million reported in Q1 2020. It also overtook the Zacks estimate by 1.21%.  
  • For Q4 2020, the company reported revenue worth $283.5 million. This was greater than the $277.9 million Refinitiv IBES estimate.   
  • For Q3 2020, the company reported revenue worth $261.9 million, 24.44% more than the $253.7 million earned in Q3 2019. 

Atlantica Sustainable Infrastructure ($AY)

Comprehensive renewable energy services provider Atlantica is expected to benefit from the increasing popularity of sustainable energy that is pushing forward demand. Not only does Atlantica generate renewable energy, but it also owns electric transmission and natural gas assets:     

  • For Q1 2021, Atlantica reported revenue worth $235.2 million, a year-over-year growth of 11.8%. Net loss was reported at $19.2 million, lower than $40.5 million reported in Q1 2020.  
  • For Q2 2021, Atlantica reported revenue worth $375.9 million, greater than the $255.3 million reported in Q2 2020. 
  • For the full year of 2020, the company reported net profit worth $12 million, significantly lower than $62.1 million profit reported in 2019.    

Roku ($ROKU)

Streaming content provider Roku has significantly benefited from the Covid-19 pandemic that caused a commercial shutdown in the United States and many other countries around the world. The pandemic is far from over, and, though the lock down relaxations have increased outdoor entertainment and socializing, causing a momentary drop in streaming hours, the convenience of online content streaming is likely to get stronger even in a post-Covid world:       

  • For Q1 2021, Roku reported revenue worth $574.2 million, setting a record year-over-year growth of 79% in the process. There was also a massive year-over-year growth of 101% in platform segment revenue to $466.5 million. 
  • For Q2 2021, the company reported revenue worth $645 million, beating the $618 million estimate. Though there was a year-over-year growth of 19% globally, the company reported reduced streaming hours in the United States as a result of the relaxation in Covid-19 restrictions causing people to seek more outdoor recreation and socializing.     
  • For Q4 2020, Roku tasted impressive growth, with a record revenue of $649.9 million as a result of 58% growth, and a net profit of $65.2 million despite Wall Street predicting a loss. The whole year of 2020 saw the company report a year-over-year growth of 39% on active accounts to 51.2 million.   
  • Q3 2020 saw Roku report revenue worth $451.7 million, a year-over-year growth of 73%, and beating analyst expectations of $367.8 million.   

The above-mentioned stocks have opened many industries for you to consider investing in. There are many other industries too that have growth prospects even after Covid-19 ceases to be a major threat to daily life, which hopefully won’t take too long. Meanwhile, you can turn to an advanced online trading brokerage to get your trading done effortlessly.    



The content of this message and its attachments are intended only for the informational and educational use for the intended recipient and may contain confidential and privileged information. If you are not the intended recipient, any dissemination, distribution, or copying of this message or its attachments is prohibited. If you received this message in error, please notify the sender by replying to this email immediately and delete this message and its attachments from your computer. The information provided by TradeZero America, Inc. is solely for educational and informational purposes. None of the information should be understood, construed or inferred to be an offer or solicitation of an offer, or a recommendation, to buy, sell, or hold any security or financial product, or engage in any particular investment strategy. This message is also not an offer to provide advisory or other services by TradeZero America, Inc. All communications sent to or from TradeZero America, Inc. are subject to archive and review by TradeZero America, Inc. and by regulatory and law enforcement authorities. We explicitly disclaim all liability for any action taken based on any information contained in this writing.  

view all (2)

Other articles and publications:

Anyone seriously trading stocks needs to factor in the chances of economic or other crises. Picking stocks that could weather the storm helps.

Articles and publications of other companies:

Renewable energy production is not continuous, as it is depends on numerous external and environmental factors.
The global food hydrocolloids market depicts the presence of a highly fragmented and competitive vendor landscape, says Transparency Market Research
A business intelligence study by Transparency Market Research (TMR) observes the global market for sodium sulfate features a fragmented vendor landscape
The global food hydrocolloids market depicts the presence of a highly fragmented and competitive vendor landscape
This opens the marine instrumentation market to see new room for growth, as the technology is still at nascent stage in the marine industry.
There has been a rise in the demand for konjac in the form of an additive, ingredient, and a thickener in food and beverage industry
Business details
TradeZero provides commission free stock trading and direct market access to the US stock and options exchanges. Multiple stock trading software platforms allow trading from any device.