There's no universal criteria to be labeled a blue chip stock, but in general, blue chip stocks are large, well-established companies that are leaders in their industries and have large bank accounts. If you're an investor, your portfolio should include blue chip stocks. Blue chip companies earn that title by proving to be solid businesses that can consistently lead their industries and make a lot of money while doing it. Read More...
Motley Fool
Why StoneCo Stock Fell Hard Today
Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street’s consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo’s revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company’s guidance, and up 275% from the year-ago quarter.
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