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Page 210 of North America news, latest stories & analysis
Kohl’s stock jumped 35% on Monday morning: here’s why
Shares of Kohl’s Corp (NYSE: KSS) jumped nearly 35% on Monday after the American retail chain confirmed it had received takeover proposals from at least two private equity companies. Kohl’s received a takeover proposal for $65 a share New York-based Sycamore Partners wants to acquire Kohl’s at $65 a share…
January 24, 2022
Should you buy NVDA as institutional buyers take positions?
Nvidia Corporation (NASDAQ:NVDA) was one of the best-performing stocks of 2021. However, like all other stocks, it has taken a hit over the last few weeks.In the past 3 weeks, NVidia is down by 20.53%.Institutional buyers taking long positions on NVidiaNVidia has been in the red for the better part…
January 23, 2022
Is it too risky to buy PayPal stock as it hits a 52-week low?
PayPal Holdings Inc. (NASDAQ:PYPL) is the world’s most popular digital money transfer platform. In today’s stock market, the fast-growing company remains one of the most well-known equities. However, is it too risky to buy PayPal stock as it hits a 52-week low?Is PayPal stock bearish? If you look at the PayPal…
January 23, 2022
What next as SoFi joins the meme-stock party?
On Wednesday, news that SoFi Technologies Inc. (BMV:SOFI) had received approval from the Office of the Comptroller of the Currency and the Federal Reserve to purchase Golden Pacific Bancorp Inc. and hence become a bank holding company sent social media traders into a frenzy.As a result, on Wednesday morning, the…
January 23, 2022
Is Microstrategy a buy after Friday’s crash?
Microstrategy Inc. (NASDAQ:MSTR) took a hit on Friday after the SEC announced their objection to the company’s method of Bitcoin reporting.In a communique to Microstrategy, the SEC stated that they were not happy about Microstrategy’s decision to remove the Bitcoin adjustment from GAAP numbers. They further…
January 22, 2022
BofA Securities: there’s hardly any upside in CureVac this year
Shares of CureVac N.V. (NASDAQ: CVAC) closed nearly 15% down on Friday after BofA Securities said there isn’t much in the books this year for shareholders of the German biopharmaceutical company. Geoff Meacham slashed his price target to $20 In a note this morning, BofA Securities’ Geoff Meacham downgraded CureVac…
January 21, 2022
This mining stock will outperform the S&P 500 in 2022
Shares of Cleveland-Cliffs Inc (NYSE: CLF) are down more than 25% in January, but Cerity Partners’ Jim Lebenthal is convinced it’s a stock that will outperform the benchmark S&P 500 index in 2022. Lebenthal defends his bullish call on CNBC Lebenthal agreed that the mining company is likely to face…
January 21, 2022
Here’s what Jim Cramer is buying amidst the ongoing sell-off
The S&P 500 index is down another 1.0% on Friday, but Jim Cramer plans on “putting money to work” because the ongoing sell-off, he says, has made many stocks fairly inexpensive to own. Cramer’s bull case for General Motors One name in particular that pops out to him is the…
January 21, 2022
Jeremy Grantham: the ‘Great Crash’ is about to repeat itself
The S&P 500 index has lost more than 7.0% this month, but billionaire investor Jeremy Grantham warns it’s just a trailer of what’s about to hit in the not-so-distant future. Grantham sees a downside to 2,500 level In an interview on Bloomberg Front Row, Grantham said the benchmark could plummet…
January 21, 2022
Industry expert: buy Netflix on the recent sell-off
Netflix Inc (NASDAQ: NFLX) is down more than 20% in the stock market this morning after the streaming giant said it expects to add less than half the number of net new subscribers in the current quarter than analysts had predicted. Yet, LightShed Partners’ Rich Greenfield says it’s time to…
January 21, 2022
Huntington Bancshares slid 10% on Friday: how come?
Huntington Bancshares Inc (NASDAQ: HBAN) slid 10% in the stock market on Friday after the bank holding company said its profit and revenue came in shy of Street estimates in the fiscal fourth quarter.Q4 financial performanceHuntington reported $401 million in net income that translates to 26 cents per share. In…
January 21, 2022
Peloton CEO blasts rumours of production halt
Peloton Interactive Inc (NASDAQ: PTON) closed Thursday about 25% down on reports it was suspending production of its exercise bikes and treadmills due to waning consumer demand. This morning, however, CEO John Foley blasted the rumours as speculative. CEO Foley’s remarks on Friday In a letter to employees, Foley reiterated…
January 21, 2022
Netflix disappoints ‘big time’ on guidance for subscriber growth
Shares of Netflix Inc (NASDAQ: NFLX) slid more than 10% in after-hours trading on Thursday after the streaming giant reported strong results for Q4 but gave a massively underwhelming guidance for subscriber growth in the current quarter. What the earnings report tells us Netflix said it added 8.3 million net…
January 20, 2022
Peloton shares just crashed 25% in 20 minutes: what happened?
Shares of Peloton Interactive Inc (NASDAQ: PTON) tanked 25% on Thursday after reports it was suspending production of its exercise equipment due to fading consumer demand. Production halt to affect all of Peloton’s flagship products According to the CNBC report, Peloton Bike will go out of production for two months…
January 20, 2022
Piper Sandler downgraded this semiconductor giant on Thursday
Advanced Micro Devices Inc (NASDAQ: AMD) slid more than 3.0% from its intraday high on Thursday after Piper Sandler downgraded the stock to “neutral” citing several headwinds in 2022. Kumar defends his bearish call on CNBC’s ‘TechCheck’ On CNBC’s “TechCheck”, Piper Sandler’s Harsh Kumar agreed that the enterprise side of…
January 20, 2022
Evernote co-founder: ‘metaverse is obviously just a gimmick’
In a time when everyone, from investors to CEOs, is talking about the metaverse, Evernote co-founder Phil Libin says the whole idea is obviously just a gimmick. Highlights from Libin’s interview on CNBC’s ‘TechCheck’ Libin agrees that the metaverse is gaining a lot of attention at this point in time…
January 20, 2022
Union Pacific CEO: ‘strong pricing environment will continue in 2022’
Union Pacific Corp (NYSE: UNP) on Thursday reported better-than-expected results for its fiscal fourth quarter, resulting in a 3.0% increase in the stock price. Highlights from UNP’s Q4 earnings report Union Pacific said its net income printed at $1.71 billion that translates to $2.66 per share. In the same quarter…
January 20, 2022
What made Luminar Technologies shares jump 20% on Thursday
Shares of Luminar Technologies Inc (NASDAQ: LAZR) went up nearly 20% on Thursday after the autonomous driving technology company announced a partnership with the luxury carmaker Mercedes-Benz. Mercedes-Benz to use Luminar’s lidar sensors In the press release, Luminar said the German automaker plans on using its lidar technology in the…
January 20, 2022
Pro: tech sell-off could be ‘short-lived’
Nasdaq Composite is now down 9.0% YTD as investors continue to dump technology on fears of inflation and aggressive rate hikes, but Defiance ETF’s Sylvia Jablonski Kampaktsis says she still likes the top FAANG names. Kampaktsis’ bull case for the FAANG stocks Kampaktsis sees the ongoing sell-off in the mega-cap…
January 20, 2022
United Airlines CEO: ‘we are optimistic about the spring and beyond’
United Airlines Holdings Inc (NASDAQ: UAL) on Wednesday reported market-beating results for its fiscal fourth quarter. Shares still fell more than 2.0% in extended trading after the air carrier said it has to push back on increasing capacity until later in 2022 due to Omicron.Q4 resultsUnited lost $646…
January 19, 2022
KeyBanc just raised the alarm on homebuilder stocks
Shares of Lennar Corporation (NYSE: LEN) have come down roughly 10% this month, and KeyBanc Capital Markets says the road is likely to remain bumpy in the coming months as well. Zener sees a 15% downside in Lennar Corp In a note this morning, KeyBanc’s Kenneth Zener downgraded Lennar to…
January 19, 2022
Citi’s Chris Danley reveals his top semiconductor pick for 2022
Micron Technology Inc (NASDAQ: MU) in semiconductors will benefit the most from high levels of inflation in 2022, says Citi’s Chris Danley. Danley’s bull case for Micron Technology Danley picked Micron as his top semiconductor stock for 2022 on Wednesday. Stating his reasons for being bullish on MU, he said…
January 19, 2022
SPX slides again on Wednesday: ‘we remain constructive for 2022’
The benchmark S&P 500 index is now down nearly 5.0% for the year, but RDM Financial’s Michael Sheldon says he remains constructive for 2022 as a whole. Sheldon revealed his outlook on CNBC’s ‘Worldwide Exchange’ According to Sheldon, the market might struggle in the near term, but there are several…
January 19, 2022
Bank of America’s net income hit a record high in fiscal 2021
Bank of America Corp (NYSE: BAC) popped up nearly 5.0% on Wednesday after the multinational said its profit topped expectations in Q4. But the stock then gave up almost the entire intraday gain on lower-than-expected revenue.Important points in BofA Q2 reportBank of America said its net income printed at $6.77…
January 19, 2022
SoFi shares opened 20% up on Wednesday: this is why
SoFi Technologies Inc (NASDAQ: SOFI) secured regulatory approval on Wednesday to become a bank holding company, resulting in a close to 20% increase in the stock price this morning.SoFi to acquire Golden Pacific BancorpSoFi had proposed to buy Golden Pacific Bancorp Inc in March 2021 to become a national bank.
January 19, 2022
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