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
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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
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, December 3, 2020. Lucy Nicholson | Reuters Aided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue to gain
by Charles Hugh-Smith The lifestyle you ordered in the euphoria will be out of stock in the panic. Humans running Wetware 1.0 (which is all of us) love to gamble, and we are entranced by the thrill of victory and the agony of defeat. When there’s a market for speculation, these wild swings of emotion manifest as euphoria (I’m
Amazon’s (AMZN) latest blowout earnings saw the e-commerce giant crossing the $100 billion quarterly revenue threshold for the first time. There was growth across all business segments with several records broken in the process. The forward charge is not about to slow down anytime soon, says Tigress analyst Ivan Feinseth. “AMZN will continue to see
Check out the companies making headlines in after-hours trading on Tuesday. Verizon – Shares of the telecommunications giant were up 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway revealed a big stake in Verizon. As of Dec. 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $8.6 billion at the end of 2020. SolarEdge –
Shares of Rexnord Corp. rose almost 4% in Tuesday’s pre-market trading after the water management solutions provider reported better-than-estimated quarterly results. Rexnord (RXN) posted adjusted earnings per share (EPS) of $0.39 during the third quarter, which came in ahead of the $0.38 expected by analysts. Revenue decreased 0.4% year-on-year to $490 million, but topped analysts’
Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The business analytics company’s stock sank 6.2% in the premarket after reporting a quarterly loss, although revenue did top Street estimates on a jump in new contracts. AutoNation (AN) – The auto retailer beat estimates by 42 cents a
Israel’s largest health maintenance organization (HMO), Clalit Health Services Research Institute, has published a research paper that confirms the efficacy of Pfizer’s COVID-19 vaccine in preventing infection and morbidity across all age groups, according to Globes. Clalit surveyed 600,000 Israelis who received the Pfizer (PFE) vaccine and compared the results with 600,000 members with similar
by Michael Snyder Over the past year we have seen a mass exodus from major cities along the west coast, but what is happening to San Francisco is particularly sad. Once upon a time, San Francisco was one of the most beautiful cities on the entire planet. There is so much culture there, and the
With the S&P 500 index trading at a P/E of 40.0, the broader market valuations look stretched. While the market outlook remains bullish, an intermediate correction seems likely. From a portfolio perspective, it makes sense to have exposure to fundamentally strong stocks with a low beta. Lockheed Martin (LMT) is a quality name that’s trading
by confoundedinterest17 POTX, the ETF for marijuana, had hit $28.61 a few days ago. But has cooled to $19.52 today. It seems the POTX sees most of its trading at opening bell. Seems like Reddit readers. One of the major marijuana companies Tilray has been feeble EPS. Tilray is now the leader in short interest. POTX
IBM announced that global energy company BP has joined the tech giant’s quantum network as an industry partner to boost the use of quantum computing in the energy industry. IBM quantum network is a community of more than 130 members, who advance the development of quantum computing and explore practical applications. The partnership will give
By Chris Black Everything is a psyop nowadays, isn’t it folks? The story of Bitcoin is very interesting. Initially, Bitcoin was released into the wild with a noble mission: to make the financial system obsolete and to bring power to the people, or something along these lines. With Bitcoin they claimed, you can evade NWO’s
Lumen Technologies (LUMN) reported earnings on February 10, posting a beat on the bottom line even as revenue came in slightly less than forecasted. In response, shares took an 8% tumble in the following session. The company has been in the process of making a challenging pivot away from the broadband services space –
by Martin Armstrong www.armstrongeconomics.com/wp-content/uploads/2021/02/Brazil-WEF.mp4?_=1 Brazil’s Minister of Foreign Affairs Ernesto Araujo stresses the importance of freedom which is absent from the BigTech monopoly that has been forming. He added that he’s not a fan of the great reset, telling World Economic Forum (WEF) President Børge Brende that freedom and democracy are missing on the agenda,
We are indeed living in interesting times – and in many ways, that’s a good thing. Take the automotive industry, for example. Technology is changing a rapid pace, and when it settles, it will dramatically change the way we drive. In 2030, our concept of ‘car’ will likely be unrecognizable to drivers from 1980. The
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