A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — The exercise equipment stock jumped more than 12% and
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By Chris Black It’s a big club, and you ain’t in it. So, we have this interesting so-called Covid bill, a 5000 page document, longer than War and Peace by Lev Tolstoi, which took months and armies of lobbyists to put together, yet the members of Congress had something like 24 hours to read it,
Thor Industries announced the acquisition of Tiffin Motor Homes, Vanleigh RV and other associated operating entities (Tiffin Group) for $300 million. Shares of the recreational vehicle (RV) manufacturer closed 4.5% higher on Monday. The deal was funded with a combination of existing cash and $165 million in borrowings from the company’s credit facility. Thor (THO)
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton is acquiring rival fitness equipment maker Precor for $420 million, in a deal that will give it more market share as well as increased manufacturing capacity. The acquisition prompted KeyBanc Capital Markets to raise its price target on Peloton
This is the House stimulus “deal” – which provides MORE funding to foreign governments and to American arts centers, than to the American people. The Covid relief bill provides $40 million for the Kennedy Center pic.twitter.com/aHt8UEkYWA — Tom Elliott (@tomselliott) December 21, 2020 Senators who voted against the COVID relief package (92-6 vote): Marsha Blackburn
Shares of Calavo Growers plunged 16% in Monday’s extended trading after the fresh food provider posted lower-than-expected revenues and earnings in the fourth quarter. Additionally, the company’s 1Q revenue outlook also fell short of analysts’ estimates. Calavo’s (CVGW) 4Q earnings of $0.34 per share declined 24.4% year-over-year, and missed the Street’s estimates of $0.64 per
by Michael Snyder Well, here we go again. The U.S. House of Representatives just passed a $900 billion stimulus package, and we are being promised that it will provide a real “boost” to the economy. Of course we were told the exact same thing about all of the other “stimulus packages” that have been passed
Hot on the heels of the FDA granting EUA (emergency use authorization) for Pfizer/BioNTech’s Covid-19 vaccine BNT162b2, last Friday the regulatory body gave the go ahead for Moderna’s (MRNA) offering mRNA-1273. In recommending the EUA, the FDA committee voted 20 to 0 in the vaccine’s favor, a move which sprung no surprises on Wall Street.
Take a look at the stocks making notable moves in midday trading. Nike — Shares of the shoe giant popped more than 4% after Nike reported strong quarterly earnings that showed digital bets paying off. Nike reported earnings of 78 cents per share on revenue of $11.24 billion. Analyst expected earnings of 62 cents per
by Chris Black Nothing can go wrong, except everything. In case you did not know, both Pfizer’s and Moderna’s vaccines are mRNA vaccines. Which means, they do not introduce an attenuated form of the virus into your body, but rather, let me quote: “Unlike a normal vaccine, RNA vaccines work by introducing an mRNA sequence
Ensign has approved a 5% hike in its quarterly dividend to $0.0525 per share from $0.05. Notably, the healthcare services provider has been paying dividends since 2002 and this marks the eighteenth consecutive year of a dividend increase. Shares of Ensign closed 2.4% higher on Friday. Ensign (ENSG) said that the new quarterly dividend will
by 555VS66 The Cares Act allows a special $300 deduction for qualifying donations made in 2020. This means that unlike in previous years, you will not be taxed on up to $300 of your donation. Just remember to keep your receipt/acknowledgement letter in case the IRS asks. To prevent fraud, make sure your “charity” is
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla joins the S&P 500 index as of today, following a high-volume day of trading Friday as index fund managers prepared for its inclusion. Tesla will have the 6th largest market cap in the index, behind Apple, Microsoft, Amazon, Alphabet,
FedEx announced that it will start shipping the first round of Moderna’s COVID-19 vaccines for McKesson Corp. throughout the US. FedEx (FDX) said it will begin shipment following the Food and Drug Administration’s (FDA) approval for the emergency use of the vaccine. The company will use its FedEx Priority Overnight service, which is supported by
With the latest, $900 billion covid-stimulus deal now done (which unless the Democrats win the Georgia Senate runoffs in 2 weeks will be the final covid stimulus bill according to Goldman), attention turns to what’s actually in it. First: the good news – the bill will include a fresh round of benefits for small businesses as
5G is here. The new networks are online and expanding, and customers – individual consumers, institutional users, and industrial applications – are starting to take advantage of the new technology. The advantages of 5G are already well-known: faster connections, more efficient upload and download capability, lower latency, greater security. 5G tech is essential for developing
Sen. Elizabeth Warren (D-Mass.) announced Friday she’s reintroducing a bill to prohibit lawmakers from trading stocks as Democrats look to make the issue a key aspect of Georgia’s two Senate runoffs. The reintroduction of the bill by Warren and Rep. Pramila Jayapal (D-Wash.) coincides with scrutiny Georgia Sens. Kelly Loeffler (R) and David Perdue (R) are facing over their own stock trading during the pandemic.
Aurinia Pharmaceuticals has inked a collaboration and license agreement with Japan’s Otsuka Pharmaceutical Co. for the development and sale of oral voclosporin for the treatment of Lupus Nephritis (LN) outside the US. Specifically, Aurinia (AUPH) and partner Otsuka will develop and commercialize oral voclosporin across the European Union (EU), Japan, as well as the UK,
by Dr. Eowyn A week ago, on December 11, 2020, in a 7:2 decision, the Supreme Court dismissed a lawsuit by Texas Attorney General Ken Paxton challenging the election results in the four battleground states of Michigan, Wisconsin, Georgia and Pennsylvania. Trump had won those states in 2016 and was winning on election night 2020
Tilray’s (TLRY) descent from the lofty peaks achieved during the 2018 Canadian pot industry boom has been brutal – shares are down 96%, as it happens. However, the Canadian cannabis player is on the verge of a turnaround. Tilray’s stock surged 14% this week after announcing a merger with Aphria in a deal valued at
by John Mauldin “History repeats itself, that’s one of the things that’s wrong with history.” —Clarence Darrow (1857-1938), American lawyer The end of 2020 has me looking back. I started writing the letters that later became Thoughts from the Frontline back in the late 1990s. Similar to COVID-19 today, we had a giant macro issue then, too: Y2K.
Aurora Cannabis (ACB) provided investors with a business update on Wednesday and Jefferies analyst Owen Bennett has been sifting through the news. Did the latest developments do anything to alter Bennett’s bearish thesis? Let’s take a look. Aurora’s update included the announcement of better credit facility terms, with C$116 million of debt obligations (from the
Take a look at some of the biggest movers in the premarket: Tilray (TLRY), Aphria (APHA) – The Canadian cannabis companies will combine in an all-stock deal that will create the world’s biggest cannabis producer. Aphria shareholders will hold 62% of the combined company, with the company paying a 23% premium over Tilray’s Tuesday closing
Precious metals look ready for their next leg up. During major precious metals bull runs, silver typically leads gold. That is precisely what is happening right now. The below chart shows the ratio between silver and gold. When silver outperforms gold, this chart rallies. When gold outperforms silver this chart falls. As you can see
While the year has most likely been miserable for most, it has been an excellent one for internet stocks. This is hardly surprising, considering a large chunk of 2020 has been spent indoors, engaged in various online activities – be it shopping, gaming, or shouting at other people– as is customary on Twitter (TWTR). Ok,
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Here are the stocks making headlines in midday trading: Roku — Shares of Roku gained 3.5% after the streaming company announced it will carry HBO
by Fabian Ommar Eventually, even some of the most prepared preppers will question themselves and their survival skills. Fortunately, if we shift the energy to skill development and self-improvement, those negative feelings will subside. Whenever I offer guidance to someone new to prepping and survivalism, one issue seems to affect neophytes the most: anxiety. More
Much has been made of the major near term catalyst for Apple (AAPL) — the iPhone 12 supercycle. The anticipation is for a big chunk of Apple’s global fanbase to upgrade to the new 5G-enabled handsets over the next few years. However, J.P. Morgan analyst Samik Chatterjee says expectations might be a tad optimistic. “While
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company jumped more than 1% to a new all-time high ahead of Tesla’s inclusion in the S&P 500. The stock will be added to the benchmark index before the opening bell on Monday based on Friday’s closing prices. There
by Dave Kranzler of Investment Research Dynamics The behavior of the mining stocks since early August is the reason why I am emphatic in recommending to never go “all in” and to keep plenty of cash on hand to take advantage of market pullbacks. The sector had a massive up-cycle since mid-March. Consider this: since the market bottom