Cruise-ship company Royal Caribbean announced that it planned to resume Caribbean sailings in June, starting from the Bahamas. Royal Caribbean is planning to include seven-night cruises onboard Adventure of the Seas from its new homeport, Nassau, Bahamas, with visits to its private island CocoCay, Grand Bahama and Cozumel, Mexico. The company said that people can start booking their cruises...
Clorox shares got a rating downgrade from D.A. Davidson on concerns about an expected slowdown in sales following a possible peak in demand during the depths of the COVID-19 pandemic. The household products company’s shares were downgraded to neutral from buy by D.A. Davidson analyst Linda Bolton Weiser. She also cut her price target on the shares to $189 from $234. According to Weiser,...
The coronavirus vaccine developed by AstraZeneca PLC has been linked to an autoimmune reaction that can lead to deadly blood clots in rare instances, according to a study by researchers in Norway and Germany. According to the researchers in Norway and Germany, the vaccine could trigger an autoimmune reaction that causes blood to clot in the brain, the Wall Street Journal reported. The...
After the bell Monday, ViacomCBS announced that it will sell $3 billion in stock in two secondary offerings, for bolstering its streaming services among other purposes. The media behemoth plans to sell $2 billion of its Class B common stock and $1 billion of its Series A Mandatory Convertible Preferred stock. It has given the underwriters separate 30-day options to buy up to $300 million of...
Biotech company Seneca Biopharma, Inc. reported its financial results for the year ended December 31, 2020. The year saw the company entering into a definitive Merger Agreement with private company Leading BioSciences, Inc. , which specializes in developing novel therapeutics to improve human health through therapeutic protection of the gastrointestinal mucosal barrier. Net loss for 2020 came...
Zomedica's shares have lost around -28% of their value since the company announced the first sale of its Truforma system on March 16. Truforma is a diagnostic platform for dogs and cats, and is Zomedica's first commercial product. On Nov. 13, Zomedica first announced its plans to commercialize Truforma leading to investors driving the company's stock price by +2,600%! Following the massive...
Enzo Biochem posted a strong increase in revenue for its fiscal 2021 second quarter, ended Jan. 31, amid strong demand for the life sciences’ company’s testing equipment amid COVID-19 pandemic. Revenue climbed +62% year-over-year to $31.5 million in the quarter. The company’s earnings came in at 5 cents a share, compared to a year-ago loss of - 16 cents a share. “Our open system approach...
Nikola has filed to sell $100 million worth of shares in a secondary offering. The proceeds from the stock sale will be used for general corporate purposes, such as potentially providing funds to complete the company's Arizona manufacturing facility, and for developing electric and fuel cell commercial and hydrogen-station infrastructure. Last month, Nikola revealed details about its hydrogen...
Alibaba is reportedly being considered for a penalty by the Chinese government. According to unnamed sources cited by the Wall Street Journal, a record fine of more than $975 million is being mulled by the China antitrust regulators for alleged abuse of Alibaba's dominant market position. The report also indicated that regulators want Alibaba to distance itself from founder Jack Ma and to...
Retail company Costco got a rating upgrade from Wells Fargo analysts. Analyst Edward Kelly raised his rating on Costco shares to 'overweight', with a price target of $370. Kelly mentioned solid membership growth and potentially "sticky" market share gains from pandemic. The recent cooling off of shares could be a buying opportunity , according to the analyst. This month, Costco posted fiscal...
After closing out another strong performance week for Bitcoin and Ethereum, is it time to accept that the general public will soon be ready to embrace cryptocurrency as the exchange medium of the future?
Let’s examine where we’re at.Shortly after that, service providers OkCupid and Foodler (now Grubhub) began accepting it for payment.
Stage three is known as “early majority.” This is where innovators and early adopters are joined by a select group of investors who put their weight behind the new concept.
According to Raoul Pal, former hedge fund manager at Goldman Sachs, Bitcoin could hit $1 million in five years.With a 40% increase this year, and a market capitalization of $460 billion, the potential for significant uptrend is definitely there.
According to Pal, there’s an “enormous wall” of institutional money poised to be invested in the cryptocurrency space.
Poshmark reported fourth quarter earnings that exceeded analysts’ expectations, in its first financial report since going public in January. But the online marketplace issued a sales outlook that is below analysts’ forecasts. For the quarter ended Dec. 31, Poshmark’s loss narrowed to $4.06 million, or 31 cents a share, from a loss of $14.75 million, or $1.20 a share, a year earlier. After...
Bumble, Inc., which became public in February, posted its fiscal fourth quarter revenue that beat analysts’ expectations. The online dating & networking company also provided an optimistic revenue guidance for the full year. The company’s revenue of $165.6 million came in higher than the $163.3 million expected by analysts polled by FactSet. Bumble incurred a net loss of -$26.1 million,...
Oracle posted fiscal third-quarter adjusted earnings that surpassed analysts’ expectations. The cloud technology behemoth’s adjusted earnings came in at $1.16, above the $1.11 per share expected by analysts (according to Refinitiv). Adjusted earnings surged +20% from the year-ago quarter. Revenue for the quarter rose +3% on an annualized basis to $10.09 billion, vs. $10.07 billion expected by...
AMC Entertainment, the largest U.S. theater chain, reported a fourth-quarter net loss of -$6.21 a share, compared with a loss of -13 cents a share in the year-earlier quarter. The adjusted loss was -$3.15 a share, compared to analysts’ expectation of -$3.24. Revenue fell to $162.5 million, compared to $1.45 billion a year earlier. Analysts polled by Factset had forecast $142.3 million. As of...
Peloton said it would begin offering its bikes and services in Australia during the second half of the year. Alongwith digital offerings, the fitness and exercise equipment company will launch retail stores with interactive showrooms in major Australian cities such as Melbourne and Sydney. "Health, fitness and sport is a central part of Australia's DNA," said Kevin Cornils, managing director...
Starting on March 11, Chipotle Mexican Grill is introducing customizable quesadillas to its online menu. The quesadillas will only be available on the Chipotle app and website, and will include monterey jack cheese and are prepared with “responsibly-raised” chicken, steak, carnitas, barbacoa, sofritas, or fajita vegetables, according to Chipotle. People can choose salsas or side orders,...
Robinhood, a popular online trading platform, saw a historic 3 million new accounts during the first quarter of 2020 as sports betting came to a halt and many people turned to the stock market.As he livestreams his trading activity to an audience consisting mainly of college students and young professionals, it’s no wonder that he has been a catalyst for this surge of millennial investors.
Portnoy has added some value by attracting interest to the market, and Robinhood is a valuable platform, but neither are providing new traders with the information they need to be successful.
On Tuesday, financial management and human capital management software company Workday announced that it closed the acquisition of Peakon. Analysts at J.P. Morgan added the company to the investment firm's analyst focus list. J.P. Morgan analyst Mark Murphy affirmed his overweight rating on Workday shares and $260 price target. Murphy added Workday to the US Equity Analyst Focus List in the...