May 20, 2024
“…The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all rallied Wednesday after the Labor Department reported inflation falling to a 3.4 percent annual rate in April after a 0.3 percent monthly increase in prices, according to the consumer… Continue Reading…
May 17, 2024
“SoFi TechnologiesSOFI2.32% shares have about 70% upside, according to Mizuho Securities analysts, who renewed their bullish outlook after meeting a top executive at the fintech…” https://www.barrons.com/articles/sofi-stock-upside-wall-street-61e40de7?siteid=yhoof2 I have to say I disagree. 70% increase? What’s his reasoning? The long term trend… Continue Reading…
May 15, 2024
“Shares of Novavax closed nearly 50% higher on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax’s stock almost doubled on Friday after it announced the licensing agreement with Sanofi. Novavax on… Continue Reading…
May 15, 2024
“AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that… Continue Reading…
May 15, 2024
“…For the period ended March 30, Apple’s revenue in China dropped 8% year over year to $16.4 billion. Much of this was attributable to a stalling iPhone segment, which dropped 10% year over year to $45.9 billion in all countries…”… Continue Reading…
May 14, 2024
“…On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman.… Continue Reading…
May 13, 2024
“…Despite Agree Realty’s success, shares of the REIT have slumped about 25% from their peak level in 2022. That sell-off and a steadily rising payout have pushed its dividend yield up to 5.1%, which is significantly higher than the S&P 500 (1.4% dividend yield). With more… Continue Reading…
May 13, 2024
“Auna S.A. (AUNA)… Cepeda’s views back up his Overweight (Buy) rating on the stock, and his $14 price-target points toward a robust 110% upside potential for the next 12 months. (To watch Cepeda’s track record, click here)… Contineum Therapeutics (CTNM)… Hung goes… Continue Reading…
May 13, 2024
“…Roblox now expects full-year bookings to be between $4 billion and $4.10 billion, down from its earlier forecast of $4.14 billion to $4.28 billion. Its second-quarter bookings forecast of $870 million to $900 million was also below estimates…” https://www.cnbc.com/2024/05/09/roblox-shares-drop-nearly-30percent-as-company-cuts-annual-bookings-forecast-on-muted-player-spending.html
May 13, 2024
“Advanced Micro Devices‘ (NASDAQ: AMD) artificial intelligence (AI)-fueled rally has come to a screeching halt in 2024. Shares of the chipmaker are down 29% since the beginning of March, when they were trading at a 52-week high, and the company’s latest results… Continue Reading…
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