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Page 211 of North America news, latest stories & analysis
This is how Peloton is responding to inflation and supply constraints
“Not-so-transitory” inflation and supply constraints are resulting in additional costs for Peloton Interactive Inc (NASDAQ: PTON), and the company plans on passing it on to the customers from January 31st. Peloton to raise prices Peloton customers will have to bear another $250 in charges to have the exercise bike delivered…
January 17, 2022
Could Walmart be a beneficiary of the metaverse?
Metaverse has been a hot debate in recent months, and it looks like the world’s largest retail chain, Walmart Inc (NYSE: WMT), wants a piece of it. Walmart to launch cryptocurrency and NFTs Walmart is positioning itself to benefit from the metaverse. Over the weekend, news broke out that the…
January 17, 2022
Nomura’s outlook on the global chip shortage for 2022
The VanEck Semiconductor ETF (SMH) closed 2021 with a 45% gain, and Nomura’s David Wong says the global chip shortage will continue to improve this year. Wong’s remarks on CNBC’s ‘Squawk Box Asia’ Wong agrees that an end to the ongoing supply constraints in semiconductors was unlikely in 2022, but…
January 17, 2022
KB Home CEO: ‘we expect an ROE of over 26% this year’
KB Home (NYSE: KBH) on Wednesday said its revenue in the fiscal fourth quarter missed Street estimates. Shares still climbed 5.0% after-hours on better-than-expected earnings, thanks to strong demand that offset supply disruptions.Q4 resultsKB Home said its profit came in at $174.2 million that translates to $1.91 per share. In…
January 12, 2022
ironSource CEO: gaming is more than just a COVID play
The VanEck Video Gaming and eSports ETF (ESPO) is up nearly 100% since the start of the pandemic, and ironSource Ltd (NYSE: IS) CEO Tomer Bar Zeev doesn’t see an end to this trend in the near future. Highlights from Zeev’s interview on CNBC’s ‘TechCheck’ Zeev agrees that video gaming…
January 12, 2022
Is Porch Group undervalued? Berenberg’s Justin Ages thinks so
Porch Group Inc (NASDAQ: PRCH) has had a rough couple of months with the stock down about 45% since November 16th, which makes up for a great opportunity to buy it at a discount, says Berenberg’s Justin Ages.Ages’ comments on CNBC’s ‘The Exchange’According to Ages, Porch is a smart pick…
January 12, 2022
Jenny Harrington ‘regrets’ not owning this bank stock
Wells Fargo & Co (NYSE: WFC) have jumped roughly 20% in less than a month, but Wall Street analysts are convinced the stock is not out of juice yet. Piper Sandler sees upside to $64 a share In a note on Wednesday, Piper Sandler analyst Scott Siefers raised his rating…
January 12, 2022
Biogen vs Eli Lilly: Jim Cramer weighs in
Shares of Biogen Inc (NASDAQ: BIIB) are down about 8.0% on Wednesday after the U.S. Medicare programme refused to cover for its Alzheimer’s drug, Aduhelm, unless the patient is enrolled in an approved clinical study. CMS director’s remarks on CNBC’s ‘Squawk on the Street’ Biogen was confident that coverage will…
January 12, 2022
What to buy as U.S. inflation hit a new 40-year high
Consumer prices in the U.S. climbed to a new 40-year high in December, but CIC Wealth’s Malcolm Ethridge says some stocks can withstand the inflationary pressures and do good in 2022. Ethridge’s bull case for PayPal One such name that pops out to him is PayPal Holdings Inc (NASDAQ: PYPL).
January 12, 2022
Philips opened 15% down on Wednesday: here’s the catalyst
Shares of Koninklijke Philips NV (NYSE: PHG) slipped nearly 20% this morning after the health technology company predicted a 40% decline in Q4 core profit.Philips blames supply constraintsPhilips now forecast roughly $5.57 billion in comparable sales for its fiscal fourth quarter that translates to nearly $0.40 billion lower than its…
January 12, 2022
Shake Shack CEO: 2022 will be our ‘biggest growth year ever’
Food inflation is likely to continue this year, but Shake Shack Inc (NYSE: SHAK) CEO Randy Garutti is still positive that 2022 will be the “biggest growth year ever” for the restaurant company. Highlights from Garutti’s interview on CNBC’s ‘Closing Bell’ Shake Shack is up more than 15% on Tuesday…
January 11, 2022
JPMorgan upgraded this casino stock to ‘overweight’
Shares of Las Vegas Sands Corp (NYSE: LVS) jumped close to 8.0% on Tuesday after the casino company found a spot on JPMorgan’s “Analyst Focus List” for 2022.Las Vegas Sands could climb to $48 a shareJPMorgan’s Joseph Greff lifted his rating on Las Vegas Sands to “overweight” on Tuesday with…
January 11, 2022
Top US crypto firms join the TaxBit network to offer users free tax forms
TaxBit, a crypto tax compliance firm, launched the TaxBit Network today with hopes that it will help democratize crypto tax calculations and tax forms by offering necessary reporting data. A report unveiled this news noting that the company seeks to unite leading crypto companies and offer their users free 2021…
January 11, 2022
Jason Snipe reveals his top two stocks for 2022
A day after JPMorgan’s Jamie Dimon said the U.S. Federal Reserve should raise rates at least four times in 2022, Odyssey Capital Advisors’ Jason Snipe says the PNC Financial Services Group Inc (NYSE: PNC) will do good in such an economic environment. Why Snipe likes PNC Financial for 2022? PNC…
January 11, 2022
Citadel Securities just raised $1.15 billion: detailed here
Citadel Securities received its first outside investment that valued it at nearly $22 billion, said the Wall Street Journal on Tuesday. Citadel Securities raised $1.15 billion Venture capital companies, Sequoia and Paradigm, took a minor stake worth $1.15 billion in Citadel Securities this morning. The market maker is majority-owned by…
January 11, 2022
Planet Fitness to spend $800 million on an acquisition
Planet Fitness Inc (NYSE: PLNT) jumped more than 5.0% in the stock market this morning after announcing a new acquisition that it said will boost its earnings by more than 10% in 2022.Transaction to complete in Q2 of 2022Planet Fitness on Tuesday said it will buy Sunshine Fitness for $800…
January 11, 2022
Pro: ‘Apple is the least likely to grow from here’
Apple Inc (NASDAQ: AAPL) had a fantastic 2021, with the stock up more than 35%, hitting $3.0 trillion in market cap, but GlobalData’s Cyrus Mewawalla doesn’t expect a similar performance replicated this year. Mewawalla doesn’t see upside in Apple According to Mewawalla, Apple is the least likely in mega-cap tech…
January 11, 2022
Accolade surged 25% this morning: what’s fuelling the stock?
Shares of Accolade Inc (NASDAQ: ACCD) opened about 25% up on Tuesday after the software and technology company reported better-than-expected financial results for its third quarter last night.Q3 resultsAccolade said its net income printed at $22.5 million in Q3 that translates to 31 cents per share. In the same quarter…
January 11, 2022
Are these the best cannabis stock to buy in 2022?
Cannabis companies mainly invest in medical and recreational marijuana. However, more segments continue to emerge in the industry including CBD oils and industrial hemp, among others. Here, we look at the top cannabis stocks to watch in 2022.Canopy GrowthCanopy Growth Corp (TSE:WEED) shares have plummeted more than 82% since February…
January 10, 2022
Top undervalued cannabis stocks to watch in 2022
Very few cannabis stocks managed a positive bottom line over the last 12 months. Here we discuss two of the most likely undervalued marijuana stocks to watch in 2022.GrowGenerationGrowGeneration Corp (NASDAQ:GRWG) posted earnings per share of $0.31 in the trailing 12-month period and expects to post a similar figure in…
January 10, 2022
Best high-growth marijuana stocks to buy now
Although 2021may not have been the best year for several cannabis stocks, some reported a significant growth in sales, making them ideal candidates for growth stocks to watch in 2022. Verano HoldingsVerano Holdings Corp (CNQ:VRNO) is a vertically-integrated producer of adult-use marijuana products. It also engages in medical cannabis production in…
January 10, 2022
Evercore ISI sees significant upside in homebuilder stocks
The SPDR S&P Homebuilders ETF had a dovish start to the year, but Evercore ISI’s Stephen Kim is confident 2022 will be a good year for the homebuilder space. Kim’s outlook on the construction space According to Kim, higher volatility could make it a challenging year for equities in general,…
January 10, 2022
Jamie Dimon expects at least four rate hikes in 2022
The U.S. Federal Reserve has hinted at the possibility of being more aggressive in raising rates this year than previously indicated. On Monday, Jamie Dimon – CEO of JPMorgan Chase & Co (NYSE: JPM) – also got behind the idea of at least four rate hikes in 2022.
January 10, 2022
Expert opinion: ‘Bristol-Myers is a buy’
Shares of Bristol-Myers Squibb Co (NYSE: BMY) are up more than 3.0% on Monday after the pharmaceutical company said it will repurchase $5.0 billion worth of its stock in Q1.CEO says business development is a priorityInterestingly, however, CEO Giovanni Caforio says business development is a priority for Bristol-Myers. In his…
January 10, 2022
Take-Two is buying Zynga: ‘it’s a transformative opportunity for us’
Shares of Zynga Inc (NASDAQ: ZNGA) are up more than 40% on Monday after Take-Two Interactive Software Inc (NASDAQ: TTWO) said it will buy the mobile gaming company for $12.70 billion in cash and stock. Take-Two CEO explains the rationale for the accquisition According to Strauss Zelnick – the chief…
January 10, 2022
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