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November 12, 2019
Video game stock performance in the two months heading into the holidays has given investors about an even shot at gains and losses over the last decade, historical price data show. Unless you include Microsoft Corporation MSFT.
November 6, 2019
JPMorgan Chase & Co. JPM CEO Jamie Dimon spoke with CNBC’s Wilfred Frost in London on Tuesday. Here are some key highlights from the conversation. JPMorgan’s third-quarter report showed an 8% increase in revenue year-over-year, which makes it more difficult to win market share over the coming years, Dimon said.
November 4, 2019
Under Armour Inc UA reported third-quarter earnings of 23 cents per share Monday, which beat the analyst consensus estimate of 18 cents by 27.78%. This is a 8% decrease over earnings of 25 cents per share in the same period last year.
October 28, 2019
Beleaguered Chinese electric vehicle maker Nio Inc – ADR’s NIO cup of woes seem to be overflowing, with the latest setback being the resignation of its CFO. The company on Monday announced Louis Hsieh has offered to resign from the role of CFO, effective Oct. 30, citing personal reasons.
October 24, 2019
Hasbro, Inc. HAS shares traded lower by more than 15% Tuesday in reaction to a concerning earnings report, but CEO Brian Goldner said the toymaker is in a position to grow in the fourth quarter and beyond.
October 23, 2019
Video games is one of the fastest-growing forms of entertainment in the world and exchange traded funds, such as the Roundhill BITKRAFT Esports & Digital Entertainment ETF NERD, stand ready to satisfy investors’ appetites for that growth.
October 21, 2019
Gold is one of this year’s best-performing commodities. The SPDR Gold Shares GLD, the world’s largest gold-backed exchange traded fund, confirms as much: it’s up nearly 16% in 2019. A variety of factors are boosting gold prices this year and prompting investors to embrace ETFs such as GLD and the cost-effective SPDR Gold MiniShares GLDM.
October 16, 2019
With earnings season and trade tensions potentially thawing, there could be reasons to embrace the technology sector from the long side and active traders can establish bullish stances with leveraged exchange traded funds, such as the ProShares UltraPro QQQ, TQQQ.
October 15, 2019
Johnson & Johnson JNJ reported third-quarter earnings of $2.12 per share on Tuesday, beating the $2 Street estimate. The company’s quarterly sales of $20.73 billion beat the analyst consensus estimate of $20.09 billion by 3.19%.
October 11, 2019
The Financial Select Sector SPDR
XLF 0.07% is up 15.28% year to date and while that sounds pretty good (it is), XLF and rival financial services exchange traded funds are trailing the S&P 500 this year.
October 8, 2019
Patterson-UTI Energy, Inc.
PTEN stock decreased by 2.6% to $7.80 during Tuesday’s pre-market session. The market value of their outstanding shares is at $1.8 billion. The most recent rating by Morgan Stanley, on October 07, is at Overweight, with a price target of $13.00.
October 7, 2019
General Electric Company GE shares were trading higher in Monday’s premarket session after the company announced it is taking action relating to its U.S. retirement benefits as part of its strategic priority to improve its financial position.The company will be freezing the U.S. GE Pension Plan for approximately 20,000 employees with salaried benefits, and U.S. Supplementary Pension benefits for approximately 700 employees.
October 3, 2019
Founded in 2012, Digital Ocean is a leading cloud service offering virtual private servers and managed databases. Initially primarily focused on small independent developers and hobbyists, the company is quickly adding products such as managed Kubernetes and databases such as PostgreSQL that seem to directly compete with offerings from giants such as Amazon.com, Inc. AMZN Web Services and Alphabet Inc GOOGL GOOG’s Google Cloud Services.
October 2, 2019
Stitch Fix Inc (SFIX) shares are volatile after reporting a mixed fourth-quarter earnings print.Earnings came in at 7 cents per share, beating estimates by 3 cents. Sales came in at $432.1 million, slightly missing estimates by $320,000.
September 30, 2019
Exchange-traded funds have exploded in popularity in recent decades, but the U.S. Securities and Exchange Commission made some major changes to regulations this week that could have a significant impact on ETF traders.
September 26, 2019
The following is a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks that hit 52-week highs Sept. 25.): Coherus Biosciences Inc (NASDAQ: CHRS), The Medicines Company (NASDAQ: MDCO)
September 25, 2019
Shares of BlackBerry Ltd hit a multi-year low Tuesday in reaction to a fiscal second-quarter report highlighted by a miss in its Internet of Things and cybersecurity division. TD Securities analyst Daniel Chan maintains a Buy rating on Blackberry with a price target lowered from $14.50 to $10.
September 23, 2019
Walt Disney Co DIS CEO Bob Iger told The New York Times he decided against acquiring Twitter Inc TWTR because the “nastiness is extraordinary.” Disney was one of several companies reportedly interested in acquiring Twitter in 2016. In a NYT interview published Sunday, Iger explained why he walked away.
September 18, 2019
Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they’re withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors.
September 16, 2019
Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend, which happens to be the “most critical” piece of infrastructure in the country.The price of Brent crude and WTI oil traded higher by around 10% Monday morning.
September 13, 2019
Castle Creek Pharmaceutical Holdings announced it will acquire Fibrocell Science, Inc.
FCSC, a cell and gene therapy company in a $3 per share cash. Castle Creek Pharmaceuticals is a privately held company developing therapies for patients with rare, serious or debilitating dermatologic conditions.
September 11, 2019
GE’s ownership stake of Baker Hughes stands at around 522 million shares, or 50.4% of the company. GE will sell up to 120.75 million Baker Hughes shares in a secondary offer and Baker Hughes will buy $250 million worth of shares from GE in a separate transaction, according to Reuters.
September 10, 2019
Apple Inc. AAPL will host its annual product launch on Tuesday and consumers are likely to be greeted with incremental improvements in new devices. Apple’s annual tradition of hosting a product launch event will likely be consistent with prior years, according to CNBC. Management introduces new products and explains new features and Tuesday’s event will likely include incremental improvements from past generations.
September 9, 2019
Gainers: Frontline, Inc. FRO stock moved upwards by 4.1% to $8.84 during Monday’s pre-market session.; Ballard Power Systems, Inc. BLDPshares rose 2.2% to $4.71. The market cap seems to be at $506.8 million. According to the most recent rating by Roth Capital, on July 01, the current rating is at Sell.
September 5, 2019
Here’s a roundup of top developments in the biotech space over the last 24 hours. Stocks In Focus: SAGE Therapeutics Inc, Axsome Therapeutics Inc, Bristol-Myers Squibb Co, Uniqure NV, Aerie, Puma Biotechnology Inc, Synlogic
September 4, 2019
Members of the United Auto Workers union overwhelmingly voted to give their leaders authorization to strike, if necessary, as the union negotiates this year with the “Big 3” American automakers: General Motors Company, GM, Ford Motor Company F and Fiat Chrysler Automobiles NV FCAU.
August 29, 2019
Gold’s recent rally is providing predictable benefits to some other popular exchange traded funds, those being miners products, including the VanEck Vectors Gold Miners ETF (GDX). Bullion is being bolstered by global central banks on multiple fronts. Not only are central banks, in both developed and emerging markets, seemingly racing to lower interest rates, many of those banks are also gobbling up gold.
August 27, 2019
Jeff Bezos is the face of Amazon.com, Inc. AMZN. But working quietly behind the scenes was Kurt Zumwalt, Amazon’s global treasurer who quit his post after 15 years, CNBC reported. Zumwalt’s LinkedIn page says he “built and scaled” Amazon’s treasury department, which he oversaw as the company grew from $5 billion in revenue to more than $200 billion.
August 26, 2019
Credit Suisse lowered Pivotal Software Inc PVTL price target from $20 to $15. Pivotal Software shares closed at $14.88 on Friday.Morgan Stanley boosted Intuit Inc. INTU price target from $244 to $260. Intuit shares closed at $278.74 on Friday.
