While stock traders and investors are usually familiar with certain industries, and like to invest in what they know, it pays to check out the various industries out there. Studying about various industries and investing in them helps balance the losses and is probably as important as finding the right online trading brokerage.
Desktop Metal ($DM)
3D printing company Desktop Metal did face challenges in the Covid-19 infested 2020. However, it recently announced the acquisition of its direct competitor The ExOne Company ($XONE):
For Q1 2021, Desktop Metal saw revenue reported at .3 million, a 35% growth from Q4 2020.
Q2 2021 saw Desktop Metal earn revenue worth million, a massive 767% growth from Q2 2020.
For Q4 2020, Desktop Metal reported revenue worth .4 million, a .5 million growth from Q3 2020. It also reported a net loss worth .4 million.
For the full year of 2020, the company reported revenue worth .5 million and net loss worth .4 million.
EchoStar ($SATS)
EchoStar is a provider of satellite communications technology. Its HughesNet satellite internet provider subsidiary recently received news that rival Starlink by SpaceX is testing a high speed satellite internet service that would offer a one-stop solution for internet and television entertainment. Starlink’s internet speed is already reported to be faster than HughesNet:
For Q2 2021, EchoStar reported consolidated revenue worth 9.8 million and net income worth million.
During Q1 2021, EchoStar earned consolidated revenue worth 2.6 million and net income worth .6 million.
Q4 2020 saw EchoStar report consolidated revenue worth 9.3 million. A net loss of .6 million was reported from continuing operations.
For the full year of 2020, EchoStar reported consolidated revenue of ,887.9 million while a net loss of .9 million was reported from continuing operations.
During Q3 2020, the company reported consolidated revenue worth .3 million.
Trane Technologies ($TT)
Industrial manufacturing company Trane Technologies is particularly prominent in the HVAC (heating, ventilation and air conditioning) industry. The industry reportedly has many tailwinds that would push it forward in the years to come:
For Q1 2021, Trane Technologies reported revenue worth billion, a 14% year-over-year rise. Reported bookings too grew 34% year-over-year to reach .1 billion.
During Q2 2021, Trane reported revenue worth .8 billion, a 22% year-over-year growth, while reported bookings rose 34% to .4 billion.
For Q4 2020, the company reported revenue worth .18 billion compared to .15 billion earned in Q4 2019. The revenue also surpassed the estimate by Zacks by 2.04%.
For Q3 2020 Trane’s reported bookings were .5 billion, a 7% year-over-year rise. Reported revenues also grew 1% to .5 billion.
Southern Company ($SO)
Energy company Southern is America’s only nuclear power plant building company. Known as the Vogtle project, the endeavor has had setbacks that delayed its commissioning, the latest of which was the Covid-19 pandemic. It now plans to bring one of its nuclear plants online sometime around mid-2022:
For Q1 2021, Southern Company reported earnings worth .14 billion, more than the 8 million earned in Q1 2020.
Q2 2021 saw the company reporting revenue worth .2 billion, 12.5% greater than the .6 billion earned in Q2 2020.
For Q4 2020, the Southern Company reported earnings worth 7 million, compared with only 3 million in Q4 2019. Operating revenue was .1 billion, 4.1% more than the .9 billion of Q4 2019.
During Q3 2020, the company earned .25 billion, lower than the .32 billion reported for Q3 2019.
Different industries have different strengths and weaknesses, unique to them. Investing in a variety of industries enables you to capitalize on the tailwinds of certain industries while other industries face headwinds. Efficient online trading services can contribute to make your trading process easier.
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Trade Zero Joined: July 3rd, 2020 Articles Posted: 1
