Lyft’s week is off to a dreary start as the stock continues to tumble after dipping nearly 20% over the previous week. Read More...

Shares of Finnish telecommunications firm Nokia dropped around 3 percent on Monday after analysts at Goldman Sachs downgraded the stock from “neutral” to “sell.” Read More...

Levi Strauss shares climbed +2.1% Monday, following JPMorgan’s  overweight rating on the company. JPMorgan just started coverage of the iconic denim company, which went public in March.JPMorgan analyst Matthew Boss cited the “strong tenured management team led by CEO (Chip) Bergh” coupled with the brand’s heritage as solid factors expected to boost Levi’s global market. JPMorgan analysts set a $26 year-end price target for Levi shares. Last week, Levi Strauss reported its  quarterly earnings of 37 cents a share on revenue of $1.44 billion – compared to the year-ago period’s loss of -5 cents a share on revenue $1.34 billion.

Net income increased +2% from the year-ago quarter to $4.71 billion. The company’s quarterly revenue of $18.576 billion, however, fell a bit short of $18.634 billion that analysts estimated (based on Refinitiv). "Lower market volumes and client-financing balances," were cited by the bank as reasons behind the segment’s relatively weak performance. Nevertheless, the pullback in stock-trading was partially offset by a +20% surge in Citi’s investment banking revenue.

Waste Management is set to buy rival Advanced Disposal Services. The deal, worth $4.9 billion including debt, will have the waste management & environment services company paying $33.15 a share in cash for Advanced Disposal. According to the Wall Street Journal (WSJ), the acquisition is Waste Management's biggest till date.  Business Wire reports that more than $100 Million of projected annual cost and capital expenditure synergies are expected to in a post-Synergy transaction multiple well below Waste Management's current trading multiple. Advanced Disposal is partly owned by the Canada Pension Plan Investment Board, which has agreed to vote for the deal, according to WSJ. Advanced Disposal caters to around 2.8 million residential customers and 200,000 commercial customers.

Online clothing retailer Stitch Fix (Nasdaq: SFIX) has experienced a wild ride since it went public back in November 2017.The stock peaked at $52.44 in September but then proceeded to fall down to $16.05. Since that low on Christmas Eve, the stock jumped to a high of $37.72, a gain of 135% in less than three months.

The company scores a 99 on Investor’s Business Daily’s Relative Price Strength Rating and that is the highest score you can get. Looking at the daily chart we see that a trend channel has formed from the low in December.The indicators also just made a bullish crossover on April 10. The Tickeron AI Trend Prediction tool generated a bullish signal on April 9 and that signal calls for a gain of at least 4% over the next month.

United Airlines (Nasdaq: UAL) has been trending lower since the beginning of December and is one of the few stocks that hasn’t really gained much ground in 2019.The indicators did make a bearish crossover on April 9. The Tickeron AI Trend Prediction tool generated a bearish signal for United on April 8 with a confidence level of 67%.

Oil industry equipment manufacturer Baker Hughes (NYSE: BHGE) has been trending higher since the end of December and a trend channel has formed during that rally.The indicators just made a bullish crossover on April 5. The Tickeron AI Trend Prediction tool generated a bullish signal on April 4 and that signal calls for a gain of at least 2% over the next week.

SpaceX launched the company’s Falcon Heavy rocket on its inaugural commercial mission on Thursday evening.Read More...

General Electric (NYSE:GE) agrees to resolve claims involving subprime residential mortgage loans originated by its WMC Mortgage subsidiary before the financial crisis. Read More...

Disney announced pricing for its new streaming service on Thursday, and it’s surprisingly low: $6.99 per month and $69.99 annually (or $5.83 per month).The service won’t include any advertisements. Read More...

Outdoor apparel company Patagonia is suing Anheuser-Busch InBev for copying the logo and marketing strategies for its recently launcher beer brand. In 2016 Patagonia launched a new beer brand called Long Root, and the lawsuit claims that one representative from AB InBev had reached out to the company about the special grain used in the beer.It is also asking AB InBev to return any money earned through the sale of Patagonia beer. This is the second time in less than a month that AB InBev has been accused of confusing consumers and infringing upon trademarks.

Chuck E. Cheese’s parent company is having another go at the NYSE, through a merger with a special purpose company, making it the first restaurant company to enter the public market in four years. With the closing of the merger with Leo Holdings, Queso Holdings - which owns CEC Entertainment, the parent company of Chuck E. Cheese and Peter Piper Pizza, is likely to see itself trading again this summer at NYSE with the ticker CEC. Special purpose companies are asset-less and could only use the proceeds of an IPO to buy and take privately held consumer companies public. The deal is expected to close in Q2 of 2019 and at the end of which Leo Holdings is planning to rename itself as Chuck E. Cheese Brands, while CEC Entertainment is likely to emerge as a subsidiary of Chuck E. Cheese Brands. The IPO’s proceeds is likely to go towards paying down CEC’s outstanding debt of $978.9 million as of 30 December 2018. CEC is expected to have an enterprise value $1.4 billion.In fiscal 2018, the

American multinational energy giant Chevron is all set to buy Anadarko Petroleum Corp. in a $33 billion cash and stock deal. The deal is not just in line with the company’s strategy to expand its shale-drilling ambitions and places it just behind Exxon Mobil Corp. as one of the world’s largest publicly traded producers of oil and gas.But, it also helps the second biggest U.S. energy company to expand operations in U.S. shale oil and gas production, offshore drilling and liquefied natural gas exports business. According to the terms of the deal, Anadarko’s shares has been valued at $65 per share – a 37% premium to its Thursday close and Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share.

The offering would the largest American IPO this year, and amongst the 10 largest of all time. This will be the first time that Uber is releasing an exhaustive financial result to enable investors to look at the complete figures and compare them with Lyft’s who filed at IPO earlier this year. The results reveal that Uber generated $50 billion in gross bookings last year, about 47% increase from last year.Of the $11.4 billion of net revenue in 2018, only $3 billion came in the last three months of the year, up only 2% from the previous quarter.  This will be major concern for the investors who would also be curious about where money is coming from for the company’s food delivery business.

The International Monetary Fund (IMF) has admitted it was “surprised” by the extent of the recent slowdown in the euro zone, but expects growth to pick up again.READ MORE...

The level of debt and the lack of regulation in the corporate sector is a concern for the International Monetary Fund (IMF), one of its directors told CNBC. These vulnerabilities could have a wide of range implications in the event of an economic shock, Tobias Adrian, director of the monetary and capital markets department at the IMF, said Thursday.READ MORE...

Food and entertainment specialist, Dave &Buster’s, just ended a difficult fiscal year but signs are hopeful for the year to come. This quarter the company benefited from favorable weather and calendar shifts that moved important holidays like Christmas and New Year from weekend to weekdays.Special mention goes to improved menu and popular menu items that brought market share gains. The video gaming sector also benefitted from its shift toward offering exclusive branded games, including hit virtual reality titles. ‘Dragon frost’VR joined ‘Jurassic World’, ‘Halo’, and ‘Connect 4 Hoops’ as customer traffic drivers.

Physical clothing, electronics, and home furnishing stores are taking a hit as online penetration led by the e-commerce giant Amazon proliferate in their sales. According to the estimates provided by UBS online sales growth is likely to rise to 25% by 2026 from 16% today, and this will lead to closures of roughly 75,000 physical stores, excluding restaurants. In a note to its clients this week, the investment firm said “store rationalization needs to accelerate meaningfully as online penetration continues to rise.” The estimate implies that for every 1% increase in online penetration, roughly 8,000 to 8,500 stores need to close.Additionally, 7,000 grocery stores may also close if online grocery penetration rises to 10%, from 2%, by 2026. In 2019, already over 5,000 store closures have been declared by retailers like Gap, Victoria’s