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Stocks

“AMC completes $250 million stock sale during meme rally, shares jump 30%”

“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…

Business

“Sinclair explores selling roughly 30% of its broadcast stations, sources say”

“…The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are… Continue Reading…

Stocks

“Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks”

“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…

Stocks

“Roblox shares drop 22% as company cuts annual bookings forecast on muted player spending”

“…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

Stocks

“1 Super Semiconductor Stock Down 42% You’ll Wish You’d Bought on the Dip”

“…That company is Axcelis Technologies (NASDAQ: ACLS). Axcelis stock has gained a whopping 537% over the past five years, even after accounting for the 42% slump from its all-time high, which was set last September. Despite its massive returns, it remains one… Continue Reading…

Real Estate

“3 Extremely Discounted REITs to Buy With 20% Upside” Added Commentary

https://finance.yahoo.com/news/3-extremely-discounted-reits-buy-130600443.html I’m not going to bother quoting the article. There’s no way I would touch real estate right now. It’s about to crash. I’m not trying to scare anyone but its just common sense. Everyone has been screaming from the… Continue Reading…

Stocks

“1 Artificial Intelligence (AI) Stock Down 29% to Buy Right Now Before It Soars 78%”

“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…

Stocks

“Reddit shares soar 11% after company reports revenue pop in debut earnings report”

“…Here’s how the company did: Revenue climbed 48% from $163.7 million a year earlier. The company reported $222.7 million in ad revenue for the period, up 39% year over year, which is a faster rate of growth than at its… Continue Reading…

Economy

“38% of Americans have ‘never felt more uninspired at work than they do now’”

“…The survey, conducted by Talker Research and commissioned by Life Time Work, polled 2,000 employed Americans and found that this lack of inspiration is directly impacting productivity. Another 38 percent of respondents admitted to feeling only “somewhat” productive at work,… Continue Reading…

Business

“Tesla’s China-made EV sales fall 18% in April; shares slip”

“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening… Continue Reading…