On Wednesday, the significance of the Suez Canal in Egypt was uncovered as oil prices pushed up after a cargo ship ran aground, obstructing the critical chokepoint for Persian Gulf oil. The “blip” in the oil market “represents people buying in after recent declines in oil prices, with the Suez closing the trigger factor,” said Michael Lynch, president of Strategic Energy & Economic Research. Despite … Continue reading What Does The Suez Canal Blockage Mean For Oil Prices?

Anyone else notice Chevron held up better than most of its rivals in 2020? Well, it’s mainly because it came into the year focused on keeping its debt in check and cutting costs. When the pandy hit, Chevron didn’t face the kind of pressure to cut its dividend that companies like BP and Royal Dutch Shell faced. That isn’t to say that Chevron [$CVX] got … Continue reading Noticing Gas Prices Inching Higher? Here’s Why Chevron Could Be The Company To Capitalize On It

David Tepper, billionaire investor and one of the world’s top hedge-fund managers, said that market participants can chill the f out because Japan could soon be a renewed buyer of U.S. government bonds following a sizable jump in yields. That would serve to stabilize a run-up in yields that has unsettled investors, as yields and bond prices move in opposite directions. Tepper, the founder of … Continue reading David Tepper, Billionaire Investor & Carolina Panthers Owner, Doesn’t See How You Could Be Bearish On Stocks

London-based Deliveroo, which is 16% owned by online retailer Amazon, plans to raise capital by selling new stock, while existing holders also will sell shares, according to a statement. The company was valued at more than $7 billion in its latest funding round that completed in January. The filing includes details of a dual-class share structure that would give co-founder and CEO Will Shu 20 … Continue reading Deliveroo, Amazon’s Food Delivery Company, Is Ready To IPO

Apple is set to face antitrust charges in the European Union over a competition complaint made by Spotify about App Store rules, according to reports. Spotify had alleged back in March 2019 that Apple abused its control over which apps appear in the App Store to restrict competition against its own Apple Music service. Make no mistake, this isn’t a first time occurrence, as EU … Continue reading Apple’s Facing Antitrust Charges After Spotify Went Crying To The EU For The Second Time

Just another Facebook-Libra situation? Methinks not. According to a job posting, Jeff Bezos’ multinational firm was on the hunt this week for a Software Development Manager for the division of “Digital and Emerging Payments.” The job role has been reportedly filled as the offer is no longer available. Amazon stated in the job ad that the new payment product will be deployed on an initial … Continue reading Amazon Is Trying Out Its New Blockchain Coin In Mexico

Perhaps we’re finally seeing some light at the end of the tunnel, as Lyft announced Tuesday that it saw its largest volume of rides since March 2020 last week, propelling its shares higher in after-hours trading. In a SEC filing, Lyft said the week ending February 28 “reached a new record level for 2021 and was the company’s best week since March 2020.” The company … Continue reading Lyft Notches Best Week Since The Pandy Began

‘The frenzy is fed by people getting commissions and other revenues out of this new bunch of gamblers, and, of course, when things get extreme, you have things like that short squeeze … and it’s really stupid to have a culture which encourages [so] much gambling in stocks by people who have the mindset of racetrack bettors and, of course, it will create trouble, as … Continue reading Stop What You’re Doing, Charlie Munger Is Calling Out Gamblers In The Stock Market

Seth Rogen’s new cannabis company, Houseplant, has been a decade in the making. The actor and his creative partner, Evan Goldberg, are rolling out their brand in California starting Thursday, March 11. This comes on the heels of the brand’s 2019 entry into the Canadian market. California consumers will be able to purchase three flower strains, two sativas and one indica, directly from the Houseplant … Continue reading Have You Heard About Seth Rogen’s Cannabis Company?

Top Shot is the hot new digital asset rage from the NBA, as it has registered over $230 million in transactions since its inception in October 2020, with 90% of it coming in the past month. Digital assets like crypto have gained traction in recent years and the NBA is trying to get in on the action. NBA Top Shot is an online-only marketplace where … Continue reading NBA TopShot: The Digital Asset With Over $230 Million In Transactions

Shares of Etsy [$ETSY] levitated over 3% in after-hours trading Thursday after the online crafts marketplace easily outpaced expectations with its holiday-quarter results and issued a rather auspicious forecast.  The company announced a Q4 net income of $149 million, or $1.08 cents a share, up from $31 million, or 25 cents a share, in the year-earlier quarter. Analysts were expecting 59 cents in earnings per … Continue reading Etsy Didn’t Need Elon’s Pump To Go Berserk After Strong Earnings

McDonald’s [$MCD] long-awaited chicken sandwich is coming to a drive-thru nearest you on Wednesday, and analysts predict it to be one of the items that gives the fast-food giant’s financials a significant boost in 2021. “Developing a reputation for great chicken represents one of our highest ambitions,” said Chris Kempczinski, McDonald’s CEO, on the call last month. “We’re building on the strength of core equities … Continue reading Will McDonald’s New Sandy Supercharge Shares?

You’d be hard-pressed to find two people who better encapsulate the retail trading rally than noted scumbag Vlad Tenev, the co-CEO of Robinhood, and Dave Portnoy, the founder of Barstool Sports who took up investing as the pandy halted the sports world. The interview began when Davey Day Trader asked the seemingly timid Tenev whether he knew that everyone hated his guts, as Robinhood’s decision … Continue reading Here’s How The Portnoy v.s. Robinhood CEO Live Stream Went Down

Moet Hennessy is buying a 50% stake in rapper and entrepreneur Jay-Z’s Champagne brand in hopes of expanding distribution. Armand de Brignac, known familiarly as Ace of Spades because of its distinctive label, is produced in France’s Champagne region by a father and son who are 12th and 13th generation wine growers. Mr. Shawn Carter (Jay-Z), boosted the brand back in 2006 when he featured … Continue reading Moët Hennessy Louis Vuitton Acquires 50% Stake in Jay-Z’s Champagne Brand

Shares of AMC Entertainment Holdings [$AMC] elevated over 9% in the extended session Monday after the movie-theater company announced it would open all of its 13 theaters in New York City starting March 5, following the state’s decision to allow theaters to open at 25% capacity.  Back in December of 2020, AMC received an injection of cash from Mudrick Capital Management as it scrambled to … Continue reading AMC Rallies After NYC Gives The Nod To Reopen

While Visa [$V] is renowned for its plastic credit and debit cards, the company has been making a push into other elements of the payments universe, including crypto as well as disbursement technology that enables neat features like on-demand payouts to gig-economy workers. The company sees new payment flows as a way to get in on $185 trillion worth of money moving outside the checkout … Continue reading Visa Flirting With A $185 Trillion Dollar Play

On Wednesday, Bloomberg released a piece hypothesizing that Robinhood may be the proprietor of a cache of Dogecoins worth some $2 billion, citing blockchain tracking entity Elliptic. “It almost certainly belongs to Robinhood,” Tom Robinson, chief scientist and co-founder of Elliptic, said. The report comes as The Wall Street Journal also on Wednesday reported on the stack of coins, representing about 28% of all of … Continue reading Dogecoin Whale Has 28% Of The Total Circulation Sitting In A Robinhood Account

IBM is looking at alternative prospects for those semi-creepy Watson robot-voice commercials which could include a sale to a private-equity firm or a merger with a blank-check company. The entire unit, which utilizes AI to assist hospitals, insurers and drug makers in overseeing their data, has roughly $1 billion in annual revenue and isn’t currently profitable. Its brands include Merge Healthcare, which analyzes mammograms and … Continue reading RIP Watson, The Creepy Robot Voice From IBM’s Commercials

Nestle has decided to hand over its Nestle Waters North America brands to One Rock Capital Partners LLC in partnership with Metropoulos & Co. for $4.3 billion. The divestment will see the world’s biggest packaged-food company selling its regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada, Nestle said Tuesday. Nestle’s international premium brands including Perrier, S.Pellegrino and … Continue reading Nestle’s Selling Its Spring Water Brand For $4.3 Billion

It comes as no surprise that Mr. Jim Rogers, who famously moved from New York to Singapore because of his optimism surrounding the rise of China, isn’t all that bullish on U.S. stocks. Instead, Rogers, who co-founded the Quantum Fund with George Soros, is opting for equities in Japan and Russia. Here’s a snippet from Rogers in an interview with India’s Economic Times; “We do … Continue reading Mr. Jim Rogers Likes Agriculture, Japan, and Russia More Than U.S. Stocks, Is He Right?

Make no mistake, there was some angst at the beginning of 2021 after Twitter banned former President Donald Trump. How it would impact user engagement? Well, the company’s management team sought to dispel those fears during its earnings call last week.  Twitter announced that its increase in average monetizable daily active users for the month of January exceeded the company’s historical average for the past … Continue reading Twitter Hits New High’s Post-Trump Ban, Jack’s Twirling His Beard, All Is Fine

The well-known peanut brand, Planters, has a new owner; Hormel Foods [$HRL]. This following a $3.35 billion purchase of the portfolio of products from Kraft Heinz [$KHC] is an investment in a growing snack lineup. “We identified the Planters brand in our 2016 strategic planning process as a brand that would fit well into our growing and evolving portfolio,” said James Snee, Hormel CEO, on … Continue reading Hormel Just Bought Planters From Kraft-Heinz For $3.35 Billion Peanuts

Like it or not, automakers are rolling out new EV’s as the industry responds to the stringent pollution regulations and calls to reduce emissions to fight climate change. The latest submission comes from General Motors [$GM] which publicized a Chevrolet Bolt compact SUV on Sunday. It comes with an estimated range per charge of 250 miles and a $33,995 starting price tag.The Bolt Electric Utility … Continue reading GM’s Electric Chevy Bolt SUV Is Starting At $34,000

Global equities saw the largest weekly inflow of money ever, of $5.8 billion, Bank of America said, citing EPFR Global data. Make no mistake, not all of that money is from day traders, but it’s an indication of the mass hysteria.  Michael Every, global strategist at Dutch bank Rabobank, added a compelling question. “You only see how stable a system really is by logically pushing … Continue reading The Dirty Secret Robinhooders Don’t Want You To Know

An upswing in Disney+ subscriptions, to 94.9 million, led a revenue bounce-back from the previous quarter as the media giant continues to build direct-to-consumer sales. Disney [$DIS] posted a surprise fiscal Q1 profit of $17 million, or 2 cents a share, on sales of $16.25 billion, up from $15.8 billion in the year-ago quarter. After adjusting for restructuring charges and other effects, Disney reported earnings … Continue reading Disney is Netflix, Finkle is Einhorn

Poshmark [$POSH] which is known for its secondhand fashions for men, women and children, is introducing its pets business. The platform plans to slang pet accessories, supplies and toys for dogs, cats, fish and other animals. A niche market? Not for long, as pet adoptions have soared during the pandy, and Poshmark citing data showing that 67% of Americans are pet owners.  “Many members of … Continue reading GFY Chewy, Poshmark Is Going Pet-Friendly

Shares of iRobot [$IRBT] elevated 14% in after-hours trading Wednesday after the robot maker posted fiscal Q4 results. iRobot reported net income of $13.3 million, or 46 cents a share, compared with net income of $20 million, or 70 cents a share, in the year-ago quarter. Revenue surged 28% to $544.8 million from $426.8 million a year ago. Analysts surveyed by FactSet had expected net … Continue reading iRobot B*tchslaps Earnings & Soars

Shares of Coca-Cola [$KO] popped 2.0% in premarket trading Wednesday, after the beverage behemoth posted a Q4 profit that exceeded expectations. Volume trends remained “resilient” in the thick of the pandy, but experienced pressure in December and into 2021 amid a resurgence in virus cases.  Net income dipped $1.46 billion, or 34 cents a share, from $2.04 billion, or 47 cents a share, in the … Continue reading Coca-Cola Proves Yet Again Why Carbonated Sugar-Water Is Still In Vogue 125 Years Later

Per an SEC, former San Francisco 49ers QB Kaepernick who took a knee during the national anthem to protest systemic racism and hasn’t played a down in the NFL since 2016 — is the co-sponsor and co-chairman of Mission Advancement Corporation, working in tandem with private equity firm The Najafi Cos. Mission Advancement will look to focus on racial justice and diversity issues, and aims … Continue reading The Kaep SPAC

Canopy Growth shares popped 11% Tuesday, following the Canadian cannabis company’s bigger-than-expected loss for its fiscal Q3, but revenue that beat estimates, and offered an optimistic outlook predicting the company will achieve profitability by the second half of 2022. Smith Falls, Ontario-based Canopy [$CGC] [$WEED] posted a net loss of C$829 million ($650.9 million), or C$2.43 a share, for the quarter to December 31, more … Continue reading Canopy Growth Touches Highs On Profitability Optimism

The all-cash deal, which is slated to close in the quarter ending in June, will bring Glu’s mobile games such as “Kim Kardashian: Hollywood,” “Diner Dash” and “MLB Tap Sports Baseball” to EA. Glu shareholders will receive $12.50 in cash for each share of Glu, representing a 36% premium to Glu’s closing price Friday, EA said, adding that the transaction will immediately contribute to its … Continue reading Hey Glu Mobile, EA is the Captain Now

DoorDash has purchased Chowbotics, a maker of food-preparing robots, as part of its effort to help merchants expand their businesses, the delivery-app company announced Monday. The robots of California-based Chowbotics make customizable salads, grain and poke bowls, parfaits, cereals and snacks and can be found at grocery stores and hospitals. DoorDash envisions the machines could be used to automate some food preparation at restaurants. DoorDash … Continue reading DoorDash Gobbles Up Robotic Food-Prep Company Chowbotics

Renaissance Technologies’ equities fund–pioneered in 1982 by award-winning mathematician and former Cold War code breaker, Jim Simons–lost 9.5% through January 29, while its institutional diversified alpha fund lagged 5.4%. In December, Simons told investors he would step down as chairman at the beginning of 2021.  The decision comes after Renaissance funds open to outside investors dipped between 20% and 32% in 2020. The firm is … Continue reading Ackman’s Pershing Square & Simons’s Renaissance Technologies Got Pieced Up In January

All this hearsay about price increases seems pretty peculiar in the midst of global pandy. A year into social distancing and millions of Americans are still out of work, many businesses are wearing thin and demand for goods and services has yet to return to pre-crisis levels. Make no mistake, generating inflationary pressures in a slap-dash economy is no layup. The damage the pandy has … Continue reading Happy Sunday, Here’s Your Inflation Du Jour