Vinco Ventures (NASDAQ:BBIG) has apparently closed on the purchase of 80% of Lomotif, a Tik Tok competitor that recently launched in India. However, its holding in the 80% is through a division that in which it has just a 50% interest. In effect, it controls just 40% of Lomotif. So far that acquisition has done
Kohl’s (NYSE:KSS) stock surged 35% after getting a buyout offer from Starboard Value at $64/share, with other hedge fund and private equity groups reportedly circling. Source: Sundry Photography/Shutterstock.com Shares are trading January 28 at over $60.50, a market cap of $8.27 billion. Shares ended the previous week below $47. Analysts were going on TV to
In this article HOOD Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Robinhood clawed back its major losses on Friday as investors looked past disappointing guidance from the company and rallied around progress on new product developments. Shares of
Logo on an Apple store is seen in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters Check out the companies making headlines in midday trading. Apple — Shares of the tech giant jumped more than 5% following a strong quarterly report that showed its largest single quarter in terms of revenue ever. Apple beat analyst estimates
Earlier in January, I suggested that the lower C3.ai (NYSE:AI) traded under $30, the more attractive AI stock became. Two weeks later, the company, whose digital twin software I like, has seen its share price fall by $5, down 84.5% over the past 52 weeks. Source: shutterstock As I write this, C3.ai’s share price is
At just under $2.50 per share, there’s no question that ContextLogic (NASDAQ:WISH) is a low-priced stock. But is WISH stock a cheap stock, in terms of valuation? That’s another question entirely. Source: sdx15 / Shutterstock.com Sure, with a market capitalization of $1.4 billion, against $2.59 billion of trailing 12-month sales, its price-sales (P/S) ratio of around
I wrote about Gevo (NASDAQ:GEVO) in February 2021 when it was heading towards its meme-stock induced 52-week high. As a company that was, and remains, a pre-revenue company, I made a bearish call on GEVO stock. Source: Shutterstock That proved to be the right call. Since February, GEVO stock went on a steady trip lower,
Robinhood Markets Inc. is a financial technology (fintech) company that operates an online discount brokerage offering commission-free trading. It provides a web- and mobile-based financial services platform that allows users to invest in and trade stocks, exchange-traded funds (ETFs), options, and American depositary receipts (ADRs). It also allows users to invest in certain cryptocurrencies based
Nearly the entire stock market is under pressure at the moment. Technology, healthcare, retail — it doesn’t matter. Even the safety we find in dividend stocks is under assault. In fact, almost everything is under pressure right now, with the exception of energy stocks. Overall, dividend stocks aren’t inherently safe or dependable. You have to
The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday. “I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory. “We have to
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and
The plant-based boom is just starting to sprout. In fact, with millions of people turning to plant based diets, analysts at Credit Suisse say the industry could grow 100-fold to $1.4 trillion by 2050, as noted by VegNews’ contributor Anna Starostinetskaya. Shorter-term, Bloomberg Intelligence says the plant-based industry could balloon to $162 billion by 2030
GameStop (NYSE:GME) has taken a huge hit in the past month and a half since its earnings came out for the quarter ending Oct. 30. As of Jan. 28, GME stock is at $94.65 per share, down from $148.39 at the year-end and also from a recent peak of $247.55 on Nov. 22. Source: Shutterstock
South Korean e-commerce giant Coupang (NYSE:CPNG) made a splashy debut with its initial public offering in March. CPNG stock was priced at $35 a share. It shot up to a high of $69 on its first day of trading before closing up 40%. Since then, it’s been mostly downhill for shares. Source: Michael Vi /
CNBC’s Jim Cramer on Thursday cautioned investors against rushing to empty or beef up their portfolios based on movements outside of normal U.S. trading hours. “Don’t pay attention to what the futures [are] doing. Pay attention to what you like,” Cramer said on “Squawk Box,” before stocks opened higher Thursday. “We have a lot of
In this article NFLX BX TSLA CMCSA MCD TSCO Check out the companies making headlines before the bell: Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also announced an 8% dividend hike and
With the Federal Reserve expected to start raising interest rates in March, some investors feel that this will make it more difficult to find winning stocks to buy. However, the idea that interest rates move markets is debatable. As rates rise, it’s possible that income-concerned investors will be less incentivized to buy dividend-paying stocks, opting
AT&T’s (NYSE:T) latest quarterly results did not inspire confidence. Shares of the world’s biggest telecommunications company fell 10% following the latest financial results that showed a further decline in the company’s wireless business. T stock opened at $24.06 on Jan. 27. Source: Jonathan Weiss/Shutterstock That AT&T’s streaming platform, HBO Max, performed better than expected in
My InvestorPlace colleague, Alex Sirois, set me up perfectly for my latest commentary on SoFi Technologies (NASDAQ:SOFI) stock. Source: rafapress / Shutterstock.com Sirois recently discussed the company’s state of flux. In particular, he had a lot to say about the company getting its bank charter. “Even with the bank charter, SoFi remains a fintech company,
It is not surprising that income inequality has been a major topic in U.S. presidential races, at least for the Democrats. Near the end of 2013, The Economist published an article claiming that out of any highly developed nation in the world, the U.S. had the highest after-tax and transfer level of income inequality, with