Danone has clinched a deal to buy US plant-based foods producer, Earth Island, as part of the French food and beverage firm’s plan to generate €5 billion from global plant-based sales by 2025. Financial terms of the takeover were not disclosed. As part of the deal, Danone (0KFX) has entered into a share purchase agreement to
by Martin Armstrong Spain has imprisoned a rapper for insulting the government in his Tweets. Barcelona and many other Catalan cities, along with Madrid have been erupting in civil unrest as people protest to demand the freedom of rapper Pablo Hasel, who the government sentenced to prison for nine months because of his tweets which were insults against
Shares of eHealth gained 6.3% and closed at $57.68 on Feb. 19 after Hudson Executive Capital (HEC) ramped up its stake in the health insurance company as the investment company believes that the stock is “undervaued.” According to a company filing, HEC bought 1.5 million outstanding shares of eHealth (EHTH), and now holds a 5.8%
Ultragenyx (RARE) is on the cusp of transforming itself from a developmental stage entity into a stable, rare-drug behemoth along with industry pioneer Biomarin (BMRN). The parallels here are stunning, as RARE is expertly guided by Emil Kakkis, one of the original members of the BMRN stable. Early Success Success in the labs may not
Earnings season is in full swing and next week (Feb 25) Velodyne Lidar (VLDR) will report its 4Q results. The lidar maker already gave a taste of what to expect when it made a 4Q preannouncement on Jan 7. While the company gave a business update on the quarter’s events, Velodyne took its C2021 sales
by howmuch America exports $2.84 trillion in services, nearly twice the $1.85 trillion it imports. Imports of goods stood at $9.23 trillion in 2020, nearly twice the $5.67 trillion it exports. The difference between imports and exports of consumer goods, except food and automotive is $1.85 trillion, the largest imbalance favoring imports. On the flip
B. Riley analyst Mayank Mamtani has long banged the drum for Novavax (NVAX). The latest developments surrounding the company have only reaffirmed his bullish outlook for the vaccine specialist. In fact, “continued strength in execution on NVX-CoV2373 activities pertaining to clinical development, global regulatory filings, manufacturing scale-up, and commercial readiness,” are the reasons why the
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Applied Materials — Shares of the chipmaker jumped more than 7% after Applied Materials beat estimates during the fourth quarter and issued upbeat comments for the
DraftKings (DKNG) stock has been an impressive performer since the company went public last April, riding the wave of a rising secular trend – online sports betting (OSB). The momentum has continued in 2021, with share gains of 30% year-to-date. Heading into next week’s (Feb 26) Q4 earnings, Oppenheimer’s Jed Kelly thinks the OSB player
The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy
by Martin Armstrong It is snowing a lot in Saudi Arabia. This has nothing to do with CO2. The sooner we start to listen to great research instead of propaganda that has been manufactured to covertly allow the United Nations to dominate the world, which by the way, they have been lobbying for a Carbon
Over the last year, Roku (ROKU) has been a prime beneficiary of coronavirus-driven trends. The acceleration of cord cutting – the shift from linear to CTV (connected TV) – has provided the company both with strong market gains and real-world growth. Heading into the steaming platform’s fourth-quarter earnings, expectations were set pretty high. In the
Take a look at some of the biggest movers in the premarket: Deere (DE) – The heavy equipment maker earned $3.87 per share for its fiscal first quarter, compared to a consensus estimate of $2.14 a share. Revenue also beat forecasts, and Deere increased its full-year earnings outlook amid improvements in the agricultural and construction
Roku posted a profit for the fourth quarter, surprising investors. Additionally, the company surpassed 50 million active accounts, ending 4Q with 51.2 million active accounts. The digital media player company reported diluted earnings per share (EPS) of $0.49, when analysts were expecting a loss of $0.05 per share. Roku’s (ROKU) revenues came in at $649.9
A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020. David Swanson | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart — Shares of the big box retailer dropped more than 5% after disappointing quarterly earnings. Walmart
There has been a lot of buzz around Cassava Sciences (SAVA) recently; The biotech is on a quest to achieve what so many others have failed to do – bring a viable Alzheimer’s treatment to market. According to H.C. Wainwright analyst Vernon Bernardino, the company has the potential to deliver on its promise. Driving the
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 Check out the companies making headlines after the bell: Tripadvisor — Shares of the travel-booking company fell 1% in extended trading following a wider-than-expected loss.
by Chris Vermeulen of The Technical Traders There has been quite a bit of chatter related to precious metals lately. The rally in Cryptos, particularly Bitcoin, and various other stocks have raised expectations that Gold and Silver have been overlooked as a true hedging instrument. As these rallies continue in various other stocks and sectors, Gold and Silver
Bank of America has a strong reputation for keeping finger on the pulse of the financial world – and one of its key tools is the Global Fund Manager Survey, conducted monthly and seeking opinions from more than 200 hedge fund, mutual fund, and pension fund managers who hold a combined $645 billion in AUM.
Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared to the 5.8% FactSet estimate.
by Peter Krauth via Streetwise Reports Imagine your favorite company getting sued for holding too much cash. I know, that’s a big statement. But hear me out. Corporations, pension funds and insurance companies—anyone responsible to stakeholders—could one day face class action lawsuits if they don’t diversify into other reserves assets. It’s not beyond the realm of possibility, especially
Synopsys reaffirmed its FY21 outlook after reporting better-than-expected 1Q results. Meanwhile, the software maker issued 2Q guidance, the mid-point of which only exceeded the Street’s estimates. The stock fell 1.3% in Wednesday’s extended trading session. Synopsys’ (SNPS) 1Q earnings of $1.52 per share beat the consensus estimates of $1.46 per share and grew 50.5% year-over-year.
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Check out the companies making headlines in midday trading. Wells Fargo — The bank stock jumped more than 5% after Bloomberg News reported that Fed officials had signaled to Wells Fargo that they would approve its
Via International Man International Man: We seem to be entering a new paradigm in the financial markets. Social media has allowed a large number of small investors to band together and move markets in ways that were previously inconceivable. What are your thoughts on this and what lies ahead? Doug Casey: To start with, most
Investors are always searching out the stock market’s best opportunities. One of the go-to places for outsized returns, is the biotech sector. These companies, like investors, are also on a quest; to find medical solutions where needed. When one strikes medical gold, the rewards can be phenomenal for early investors who were quick to recognize
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Interest rates are expected to continue their upward march, but for now they’re not expected to get high enough to harpoon the stock market. Treasury yields have been rising quickly in the last week,
Lakeland Industries will repurchase $5 million worth of its outstanding shares, the manufacturer of protective clothing announced on Feb. 17. The new share repurchase program will replace its previous share repurchase program that had about $800,000 remaining for repurchases. Lakeland (LAKE) CEO Charles D. Roberson commented, “The Board’s approval of this new and substantially expanded
Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who had expected a profit of 4 cents per share. Revenue also fell short of estimates. The loss came as Covid-19-related disruptions led to a
by Robert Ross We need every last drop of water we can find on this planet. And we’re about to need a lot more. There are 327 million people in America today. By 2050, the US population is projected to climb as high as 440 million. So, the US government is investing heavily in water infrastructure. PricewaterhouseCoopers
New Residential Investment Corp. announced a new stock repurchase program of up to $200 million, replacing the previous $200 million stock buyback plan, which expired on Dec. 31, 2020. Shares of the real estate investment trust closed about 3.5% higher on Tuesday. New Residential (NRZ), under its new repurchase program, will continue to buy back