So Mr. Swan went and BTFD in Intel stock [$INTC] after the chip maker posted strong Q4 earnings. Shares tumbled more than 8% on January 22, after the company said it was “keeping manufacturing in-house.” Swan paid $1.51 million for 27,244 Intel shares, an average price per share of $55.57, according to a form he filed with the SEC. He also earned 139,625 Intel shares … Continue reading Intel’s Departing CEO Gobbles Up $1.51 Million In Stock On His Way Out
American Airlines stock [$AAL] jumped Thursday after the company reported earnings. Shares of American popped as much as 20% in early trading, though recently gave back some of those gains to trade 10% higher at around $18. American’s equity was one of the most heavily-traded issues on Thursday, with more than 196 million shares changing hands. Southwest Airlines [$LUV] and JetBlue Airway [$JBLU] also inched … Continue reading Add American Airlines to the Short-Squeeze List: Shares Restricted on Robinhood
After Robinhood and other brokerages restricted trading on GameStop shares and other soaring equities popular among retail traders, investors and lawmakers are looking for answers. Robinhood has reportedly raised $1 billion of additional funding from investors, and drew down several hundred millions of dollarsfrom credit lines, according to the reports. In interviews on CNBC and Bloomberg, Robinhood CEO Vladimir Tenev referenced financial requirements, including the … Continue reading Robinhood Raises More Money After Getting Ratio’d Online
The name Koss became synonymous with premium headphones, whose heavily shorted stock has been among those skyrocketing thanks to investors on Reddit’s WallStreetBets thread. Koss products are made in the U.S., and include a complete line of headphones, from high-end equipment geared to serious audiophiles and music professionals to inexpensive gear sold at mass merchandisers such as Target and Kmart. Shares of Koss jumped more … Continue reading Koss Wants To Party Too
Bed Bath & Beyond [$BBBY] inherited another pair of downgrades Thursday. Bank of America Merrill Lynch analyst Curtis Nagle slashed his rating on the shares to Neutral from Buy, while raising his price target to $55 from $31, and Telsey Advisory Group’s Joseph Feldman lowered it to Market Perform from Outperform, and upped his target to $40 from $27. Bank of America’s Nagle notes that … Continue reading Bed Bath & Beyond Gets its 6th Downgrade in Three Days
Silver jumped Thursday to notch its best finish in three weeks, following a post by a Reddit user, who suggested executing a “short squeeze” on silver. “Any short squeeze in silver paper shorts would be EPIC,” a post on WallStreetBets forum said. “Why not squeeze $SLV to real physical price,” he said referring to the iShares Silver Trust ETF. A short squeeze occurs when a … Continue reading Silver Jumps After WallStreetBets Discovers Precious Metals
Trading shares of gaming retailer GameStop [$GME] and theater chain AMC Entertainment Holdings was restricted Thursday, after Wednesday’s session of yuge gains and brokerages completely putting the kibosh on it. Both stocks were halted several times on the NYSE in Thursday’s early session due to the overpowering volatility. GameStop shares, which had jumped 39% in early trading to hit an intraday high of $483.00, were … Continue reading What A Sh*tshow: Robinhood Restricts Trading for GameStop & AMC
Some basic stock-market lingo you’ll hear or see online range from calls, puts, froth, a death cross and a dead-cat bounce. But what about tendies, bagholders and diamond hands? These are some of terms being hurled across Reddit’s WallStreetBets, a lewd neighborhood of the website sprinkled with its own esoteric language, now at the center of the hysteria in GameStop [$GME], AMC [$AMC], Blackberry [$BB], … Continue reading A Friendly Guide to the WallStreetBets Lingo
“Nokia is not aware of any material, undisclosed corporate developments or material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its shares,” the company said in a released statement. The stock surged 42.5% in afternoon trading toward a five-year high. That would be the biggest one-day … Continue reading Surprise Surprise, Nokia Goes Berserk For No Reason
Steve Cohen’s Point 72, Ken Griffin’s Citadel, and other partners are pouring $2.75 billion into Melvin Capital, and will receive non-controlling revenue shares in Melvin in return for their money. Melvin will accept the emergency cash injection as the relentless shorts have pushed it down 30% year-to-date as of Friday. Droves of traders, most notably members of Reddit’s r/wallstreetbets, have gone after heavily shorted stonks … Continue reading Mets Owner Steve Cohen & Citadel’s Ken Griffin Get in on the GameStop Madness
I know what you’re thinking; is Workhorse [$WKHS] the next GameStop? With short sellers getting squeezed, shares could go berserk here soon. It’s not the only prospect in the wallstreetbets thread, as other heavily shorted stocks such as Virgin Galactic [$SPCE] and Beyond Meat [$BYND] could catch that colossal bid. Here’s the skinny on short squeezes; an investor who sells stock short has borrowed shares … Continue reading Is Workhorse Going To Pull a GameStop?
Tilray [$TLRY] shares elevated 3.6% in premarket trading Tuesday, after the Canadian cannabis company mentioned it has been tapped by France’s National Agency for the Safety of Medicines and Health Products (ANSM) to provide medical cannabis products for experimentation. The French lab is essentially a hub for its European business and has “quality control labs, packaging, and distribution sites” for medical marijuana. Tilray accepted the … Continue reading Tilray Teams Up With France’s National Agency for Health & Medicinal Safety
General Electric’s stock surged to an 11-month high Tuesday before trimming some gains, as investors celebrated a beat in Q4 free cash flow, while shaking off a third profit miss in the past four quarters. Investors have since upped their expectations for GE after the stock’s record one-quarter rally of 73.4% during the Q4. GE said its industrial free cash flow totaled $4.4 billion during … Continue reading GE Seems To Be Taking Its Earnings Report Well
Analyst Oliver Chen upped his rating on Under Armour’s stock [$UAA] to Outperform from Market Perform, and raised his price target to $23 from $17, asserting that “consensus estimates are far too conservative” through 2023. The company has been licking its wounds since last summer when its founder Kevin Plank was bounced from the board after a federal probe disclosed that its been responding to … Continue reading Under Armour Upgraded: The Road to Recovery Continues
Now the third priciest stock in the PHLX Semiconductor index, AMD’s [$AMD] latest results are expected Tuesday at the close. Investors will be keeping an eye on whether the company is still focused on bridging the gap between its larger rival Intel [$INTC]. For Q4, analysts are predicting adjusted earnings of 47 cents a share on sales of $3.02 billion. AMD divides its business into … Continue reading AMD Earnings Expectations
Royal Dutch Shell is readying to buy electric-vehicle charging company Ubitricity as part of the oil titans ambition to become net zero on carbon by 2050. The acquisition will see the FTSE 100-listed energy giant expand into the thriving on-street EV charging market at a time when sales of electric cars are snowballing in Europe. Ubitricity mans the biggest public EV charging network in the … Continue reading It’s Happening: Shell is Buying an EV Charger Company
Theories surrounding Apple’s electric car aren’t going anywhere—EV’s are the markets’ hip new toy, and the Silicon Valley titan has stretched its tentacles into so many different pots that the rumors are starting to make too much sense. Which begs the question; should they really build an electric car? Evercore ISI analyst Amit Daryanani thinks so. Whispers of an iCar car flared up again in … Continue reading Apple’s iCar is Slowly Becoming a Reality
Marsh nabbed a cool 573,268 shares of Plug stock on January 19 at a weighted average price of $2.8764, according to data provided in a Form 4 filing with the SEC on Thursday. The hydrogen and fuel cell systems producer [$PLUG] said the purchase was part of the “exercise or conversion of derivative security exempted pursuant to Rule 16b-3,” which relates to trades by company … Continue reading Who Knew Plug’s CEO is a Savvy Trader?
Shares of GameStop [$GME] Friday wasting no time tacking on to a recent pop higher, setting up the video game retailer on track for its best monthly gain, up over 220%, since its IPO in 2002. The milestone runup in shares of the company comes as a village of Robinhooders on Reddit’s Wall Street Bets have been pushing to boost values higher, even as short-seller … Continue reading GameStop v.s. Citron
Deutsche Bank believes shares of electric-vehicle maker Xpeng are a Buy, but not due to rising EV sales in China. Rather, it’s for the company’s advancing autonomous vehicle, or AV, technology. A quick peek at the performance of EV stocks for the past year indicates just how momentous an endorsement by Yu really is. Auto market goliath Tesla has seen its stock jump 640% in … Continue reading ‘Scuse Us EV Makers, This AV Stock is Ready For Its Close-Up
Based on the number of cars sold, Volkswagen is the largest car maker in the world, but it’s only worth a small portion of Tesla based on market capitalization. Volkswagen CEO Herbert Diess is out to change that by taking to Twitter to hit up Tesla CEO Elon Musk on his own terms. Diess thumbed his first tweet Wednesday, telling Musk that Volkswagen was out … Continue reading Watch Out Elon, Volkswagen’s CEO Just Joined Twitter
Even pre-pandy, consumers spent $2 trillion globally—58% of overall sales—on online marketplaces in 2019. That trend has only gotten stronger amid the widespread shutdowns, as emphasized by recent IPOs in the space. Despite that, Guggenheim believes that the Shopify/Walmart partnership has largely been overlooked. On Thursday, Analyst Ken Wong zeroed in on the space after discussions with a marketing agency. Recent IPOsof online marketplaces like … Continue reading Here’s Why Shopify Teaming Up With Walmart is a Win/Win
Peloton’s stock, which has more than doubled since July, has analysts perplexed. Most have it rated a Buy, or the equivalent, but claim they foresee the stock trading for less than the current price. UBS analyst Eric Sheridan assisted in pushing shares lower on Tuesday, slashing his rating on the stock to a Sell. He did say he was partial to Peloton’s long-term potential, but … Continue reading Peloton Has Analysts Breaking a Sweat Before February Earnings
In Q4, United [$UAL] lost a cool $1.9 billion, or $6.39 a share, contrasting with gains of $2.53 a share in the year-ago quarter. Operating revenue sank to $3.41 billion, compared with $10.9 billion a year ago. Analysts expected United to post a GAAP loss of $6.13 a share on sales of $3.42 billion. United shares slipped 0.8% in the extended session Wednesday after ending … Continue reading Oof: United Airlines Notches 4th Straight Red Quarter
Not too long ago, shuffled in the bevy of public offerings this past year, shares of the cloud-based data warehousing company IPO’d last September at $120 a share, opened for trading at $245, and six weeks ago hit an intraday top of $429. But the Snowflake [$SNOW] stock has since squandered a third of its value, thanks to a combination of a partial lockup expiration … Continue reading Snowflake is Inching Closer Toward a Bargain
Darden Restaurants inched higher on Tuesday following an upgrade from Morgan Stanley, which dubbed the stock its ideal way to play a boost in bottled-up demand later this year. Analyst John Glass upped his rating on Darden [$DRI] to Overweight from Equal Weight, and tacked on $20 to his price target, to $42. He adds that as “the leading casual diner is well positioned for … Continue reading Olive Garden’s Parent Co. is Eyeing a Yuge Post-Pandy Bounceback
America’s biggest movie theater operator said it issued $100 million in secured debt in a deal with distressed credit and deep value event driven investment firm Mudrick Capital. The first payment is due in July, giving AMC extra liquidity to wait out the pandy. The interest rate on the debt is 15%. Despite the rather expensive price tag, shares of AMC [$AMC] jumped 33%. They’re … Continue reading AMC Gets Another Care-package
Bitcoin prices are heating up again after a recent pull-back, but experts caution that although it may feel inevitable, an ETF backed by a digital-currency may not materialize as quickly as enthusiasts might hope. “The SEC appears to have a very high bar to clear, tied to market manipulation and custody audit,” Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research said … Continue reading Bitcoin ETF Incoming
Investors in Chinese companies ought to take another look at their holdings, as the State Department just divulged the names of more than 1,100 Chinese subsidiaries that fall under the jurisdiction of an executive order that bans U.S. investment in companies the U.S. claims has ties to China’s military. Only a few darlings are likely to be found in U.S. investors’ portfolios. It’s the most … Continue reading China’s Banned Company List Just Got Bigger
So business is not booming for Gamestop. This past week, the gaming company said that its holiday sales were down 3.1%, and the company continues to withhold earnings guidance, due to the “evolving impact of Covid-19.” GameStop [$GME] shares jumped 101% on the week. The catalyst for the rally seemed to be news Monday that Chewy co-founder Ryan Cohen would be teaming up with GameStop’s … Continue reading Short Squeeze Aside, is GameStop Okay?
While the pandy remains a significant threat, investors have set their sights past the next few months to a time when Americans could tip-toe back toward normalcy. That has been a problem for packaged-food stocks—which have thrived from the stay-at-home trend—but Wells Fargo [$WFC] maintains that there’s still value in the sector. Analyst John Baumgartner said food stocks have been trading at a discount to … Continue reading Here’s a Handful of Snack Stocks to Check Out This Year
Bumble could potentially raise $100 million with the initial public offering, though that figure is generally seen as a placeholder and will probably fluctuate in future filings. The Austin, Texas company has yet to divulge how many shares it plans to sell, or their price range; that information will be illustrated in future filings as well. Bumble is set to trade on the Nasdaq under … Continue reading Bumble IPO: Which Way We Swiping?
So Government Motors stock is mirroring an electric vehicle stock, with shares going apeshit after a Thursday upgrade. Argus Research analyst William Selesky believes the company’s pivot into EVs will work. He upgraded General Motors [GM] stock to Buy from Hold and set a target price at $56 a share. Selesky didn’t have a target price on GM stock before the upgrade. Business is booming … Continue reading GM Wants All the Tesla Smoke
Beyond Meat rose more than 14% in midday trading Thursday, after news that it’s teaming up with Taco Bell, as the latter looks to expand vegetarian offerings. Beyond Meat Takes a Tumble Yum Brands’ [$YUM] Taco Bell announced that its “exploring a new plant-based protein” with Beyond Meat [$BYND] that will be tested “in the next year.” The move is part of its larger menu … Continue reading Fake Meat is Heating Up
The U.S.-listed shares of Aphria [$APHA] surged 17% in midday trading Thursday touching 2019 highs, after the Canada-based cannabis company unveiled a surprise fiscal Q2 adjusted profit and revenue that jumped above forecasts, citing strength in its global cannabis and consumer packaged goods businesses. The net loss for the quarter to November 30 grew to C$122.0 million ($96.3 million), or 42 cents a share, from … Continue reading Aphria’s Smoking Victory Blunts
Palantir Technologies has turned heads in its early run in the market, after a direct listing on the NYSE in late September at $10 a share and jumping as high as $33.50 before recently settling into the mid-$20s. But there’s one analyst that believes the stock is on its way toward a bumpy road in 2021. On Wednesday, Citigroup’s Tyler Radke slashed his rating on … Continue reading Analysts Think Palantir is a Short in 2021
The company didn’t divulge its financial outlook at the rendezvous, but it did give investors reason to feel optimistic about the stock. At least four analysts upped their target prices for Zscaler shares [$ZS] following the meeting. Hackers Breach U.S. Government Networks Credit Suisse analyst Brad Zelnick reiterated his Outperform rating, increasing his price target to $215 from $175. Zelnick noted that the meeting gave … Continue reading Zscaler’s Stock is Setting Up to Go Bonkers
The video-conferencing software company’s shares have been on a rollercoaster ride since the beginning of 2020, as it’s been a prime beneficiary of the work-from-home trend. Zoom’s [$ZM] stock soared more than 760% from where it closed out 2019, at $68.04, to its intraday top of $588.84 on October 19. But since then it’s tumbled about $250, or more than 40%, in less than three … Continue reading Insider Sale Alert: Zoom Just Dumped $1.5 Billion Shares
At the 2021 Nevada-based CES, AMD CEO Lisa Su said that the company was rolling out the Ryzen 5000 line of CPU chips for ultrathin and gaming laptops. Su mentioned that the new Ryzen chips allow a laptop to run 17.5 hours in normal use or for up to 21 hours of movie viewing on one charge. The chip is slated to debut in more … Continue reading AMD Rolls Out New Ryzen Chips & Gaming Laptops
A rather mysterious medical device company’s stock price skyrocketed more than 400% after Elon ‘PT Barnum’ Musk backed a messaging app with the same name — only to flounder Tuesday as the confusion was cleared up. The puzzling run-up started after the billionaire Tesla CEO took to his 42 million Twitter followers to “Use Signal” on Thursday, evidently referring to the mobile app that lets … Continue reading Uh…Did Elon Just Pump & Dump a Penny Stock?
Shares of Shake Shack [$SHAK] popped 2.2% on its way to a 15-month high in early trading Tuesday, after the burger chain reported a strong Q4 sales outlook. On a preliminary basis, the company’s total revenue for the quarter December 30 increased 4.0% from 2019 to $157.5 million, above the FactSet forecast of $153.2 million. Same store sales for the quarter dropped 17.4%, but it … Continue reading After a Tough Pandy, is Shake Shack Officially Back?
Walmart announced Monday it will start up its own fintech company, focused on customers and employees, with the assistance of investment firm Ribbit Capital, which has backed investment platform Robinhood, personal finance portal Credit Karma, and other known names in the industry. Walmart [$WMT] stock popped more than 2% in the extended session Monday, after ending the regular trading day 0.5% higher. The new company … Continue reading WTF: Walmart Teams Up With Robinhood
The Street expects another down quarter, with S&P 500 earnings plummeting 12% in the final three months of 2020 versus the same period in 2019, and sales are expected to drop 6%. Those numbers would be an improvement over the first and second quarters of 2020, during the widespread lockdowns and before many businesses had adjusted for the pandy. But they would be a step … Continue reading What to Expect From Earnings Szn Starting Next Week
If you’ve purchased any Bitcoin in the past few months, chances are it was made in China–but, isn’t everything nowadays? This could be both problematic for the flourishing digital currency, and an opportunity for determined rival “miners” in the U.S. and across the world. Crypto mining is virtual, but requires pricey real-world inputs. In layman’s terms, miners compete to solve increasingly complex equations, or “blocks”, … Continue reading Do You Know Where Your Bitcoins Are Coming From?
Bed Bath & Beyond stock dipped on Thursday, but finished green for the week following the home-goods retailer’s Q3 earnings report missed both top- and bottom-line projections. Bed Bath & Beyond [$BBBY] is said to have earned an adjusted eight cents a share on revenue that fell 5.3% YOY, to $2.62 billion. Analysts were speculating an EPS of 19 cents on revenue of $2.75 billion. … Continue reading Bed Bath & Beyond: Here’s Why The Comeback Could Be Delayed
Nvidia is getting a spark from Citi analyst Atif Malik, who believes the stock has woefully lagged behind other chip makers and has the potential to unveil good news during the CES trade show in Nevada, kicking off on Monday, January 11th. He proposed a “positive catalyst watch” on the company [$NVDA] heading into the week, noting that the stock has dipped 17% since September, … Continue reading Nvidia Jumps as Analysts Say Its a Buy Ahead of the CES Trade Show
Broadcom’s stock perked up on Thursday after Harsh Kumar, chip analyst at Piper Sandler, reiterated his Overweight rating on the company while upping his target price by 11% to $500. He noted that he just met with Broadcom [$AVGO] CEO Hock Tan and CFO Kirsten Spears, and left “feeling very confident in the company’s long-term strategic direction.” The Piper analyst asserts that “the near-term set-up” … Continue reading Broadcom Gets a Boost
The boost in shares of the online sports gambling leader DraftKings since the start of 2020 has been mobilized by expectations that the country’s most populated states—California, Texas, Florida, and New York—will legalize the business in the years to come. The optimism has been based on a forecast that those big states would authorize online sports gambling in a way that would eventually be lucrative. … Continue reading New York Sports Betting v.s. DraftKings Stock
Goldman Sachs [$GS] axed First Solar’s [$FSLR] rating down to a Sell with an $81 price target, seeing a 16% drop from Monday’s closing price after jumping 61% in 2020. Simultaneously, Goldman upped Enphase Energy [$ENPH] to a Buy with a $232 price target, a 32% gain from Monday’s close after increasing 513% in 2020. “It’s a tale of two growth stories”, the bank said. … Continue reading Tread Lightly: Most Solar Stocks Love Biden, But Not All of Them
Analyst Michael Lavery slashed his rating on Beyond Meat [$BYND] to Neutral from Overweight, and his price target to $125 from $144. Make no mistake, he still believes Beyond Meat will bloom from being an early leader in artificial meat—a space conceivably worth as much as $8 billion by 2025— he thinks estimates are just too high, and the company’s Q4 sales are likely to … Continue reading Beyond Meat Takes a Tumble