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It’s a busy news cycle. Let’s bounce around to a handful of stories likely impacting your portfolio. Inflation Remains a Thorn in The Federal Reserve’s Side Earlier this week, the CPI number came in above forecasts causing a significant downturn on Wall Street. The fear that the hot CPI data would prompt the Federal Reserve ...
Embracer Group AB THQQF has undergone a significant restructuring. The Restructuring: The Swedish video game and media holding company recently reduced 8% of the global workforce, amounting to 1,387 employees since June. The reduction encompasses 904 job cuts in the second quarter and an additional 483 in the third. Embracer is also in the process ...
On CNBC’s “Halftime Report Final Trades,” Steve Weiss of Short Hills Capital Partners expressed optimism about Leidos Holdings, Inc. (LDOS), stating that the company remains attractively priced with new management. He added, “I like this one a lot.” Leidos reported a robust fourth-quarter performance with revenue growth of 8% year-over-year to $3.98 billion, surpassing the ...
Semiconductor names and crypto-related stocks have been two of the hottest sectors throughout the last few months. But, according to Chaikin Analytics founder Marc Chaikin, just because they’ve done well, doesn’t mean they’re both buying opportunities. “One you’re buying a puff of smoke, the other you’re buying some serious stuff,” Chaikin told Benzinga’s PreMarket Prep ...
If we are in for the mother of all rallies, small caps could be poised for outsize gains. Fifteen years since its blockchain network launch, Bitcoin has cemented its position as digital gold. In contrast to the physical limitations of actual gold, Bitcoin’s digital self-custody is fortified by its vast computing network. Correspondingly, Bitcoin continues ...
Hailshadow Taysha Gene Therapies (NASDAQ:TSHA) has made significant moves, transferring back the rights to three deprioritized programs while securing an extended cash runway into 2026 through a new loan and security agreement. The Texas-based gene therapy developer has returned the rights to TSHA-101 to Queen’s University and has similarly handed back the rights to TSHA-104 ...
Top Stories for Feb. 14, 2024: Royal Gold’s Agreement with Centerra Gold Royal Gold, Inc. (RGLD) announced a significant agreement with Centerra Gold Inc. (CGAU) to extend the Mount Milligan Mine’s operation. The deal promises Royal Gold $125 million in immediate cash and gold, along with long-term financial interests. This innovative arrangement, which preserves the ...
The Momentum Deepwater Asset Management’s Gene Munster believes we are at the beginning of a multi-year bull run powered by AI that could result in the Nasdaq doubling or tripling from current levels. Key Developments What To Know: The Nasdaq Composite gained approximately 43% in 2023 and is already off to a strong start in ...
Nvidia Corp. (NVDA) has enjoyed a triumphant rise this year, securing the fifth-highest valuation for a publicly listed company globally. However, as its stock price continues its seemingly unstoppable climb, concerns flicker amidst the optimism. Analyst’s Red Flag What Happened: At the heart of the debate lies an observation made by UBS analyst Timothy Arcuri. ...
Michael Burry, the visionary investor behind a legendary bet on the 2008 subprime mortgage crisis, made significant adjustments to his investment portfolio in the last quarter of 2023, according to the latest 13F filings. Burry’s Scion Asset Management, known for its contrarian and value-oriented investment approach, has notably increased its stakes in Chinese retailers while ...
The whipping post
The whipping post