AUS
NZ
UK
CA
USA
IND
Stocks
Embark Trucks to go public via SPAC: All you need to know
June 29, 2021 06:31 AM AEST| By Kiran MuraliSummary The autonomous truck company will become public via a SPAC merger. The business combination will give Embark a market capitalization of US$5.16 billion and an enterprise value of US$4.55 billion. Embark eyes US$614 million in cash proc.....
SentinelOne (S) IPO price rise: What it means for investors
June 29, 2021 05:53 AM AEST| By Team Kalkine MediaSummary The company was founded in 2013 and released its first endpoint security solution in 2015. SentinelOne (NYSE: S) raised the price range for IPO to US$31-US$ 32 as per an amendment filed with SEC. The total shares available for the publ.....
5 hot healthcare stocks to explore before June ends
June 29, 2021 05:27 AM AEST| By Team Kalkine MediaHealthcare is a huge sector that includes companies involved in developing and commercializing drugs, medical devices, and other healthcare products and services. The healthcare sector has seen rapid growth over the past year. Many new companies h.....
Intellia (NTLA) stock rally can chart a new path for CRISPR stocks
June 29, 2021 03:52 AM AEST| By Kiran MuraliSummary Intellia stock gained over 45 percent to hit a 52-week high in the morning trade. A preliminary clinical study data shows positive results in transthyretin amyloidosis treatment by editing target cells in the body. A single 0.3 mg/kg d.....
.jpg)
Seven hot infrastructure stocks to explore after Biden’s fiscal boost
June 26, 2021 12:16 PM AEST| By Team Kalkine MediaSummary US-based infrastructure company Martin Marietta Materials reported total revenue of US$982.4 million in Q1, 2021. Construction material company Caterpillar Inc. has a market capitalization of US$119.8 billion. Bipartisan Infrastructure.....
FedEx (FDX) stock trends after robust earnings report
June 26, 2021 05:36 AM AEST| By Team Kalkine MediaSummary FedEx Corp (NYSE: FDX) reported US$84 billion in revenue for FY 2021, up 21% YoY. It booked a net income of US$1.87 billion in the May quarter, against a net loss of US$334 million in the same quarter in the previous year. FedEx Co.....
NIKE (NKE) hits 52-week high on Q4’21 profit, FY’22 outlook
June 26, 2021 03:44 AM AEST| By Kiran MuraliSummary NIKE reported a net income of US$1.51 billion, compared to the loss of US$790 million, Net income more than doubled to US$5.73 billion during the full fiscal year 2021. NIKE projects fiscal 2022 revenue to grow in low double digits and.....
Where is Doximity Inc. (NYSE: DOCS) stock headed?
June 26, 2021 02:58 AM AEST| By Team Kalkine MediaSummary The California-based Doximity, Inc. launched its platform in 2012. The stock jumped 104% on the IPO opening day to close at US$53. Its revenue has been growing for the last three consecutive fiscal years and has more than 1.8 million m.....
Three upcoming tech stocks to explore on NASDAQ
June 25, 2021 12:22 PM AEST| By Team Kalkine MediaSummary Couchbase, Inc. (BASE) was ranked No. 1 in the 2020 Workplace Wellness Awards for mid-sized companies planning for IPO. EverCommerce Inc. booked revenue of US$ 337.5 million for the fiscal year ended December 31, 2020, up 39.4% fr.....
Which are the major financial stocks in the US?
June 25, 2021 08:55 AM AEST| By Kiran MuraliThe financial sector comprises a wide variety of companies, including those involved in banking, asset management, insurance, and other financial services. This sector represents 8.73 percent of the S&P 500 Index’s total market capitalizati...
BuzzFeed eyes US$1.5bn-valuation after SPAC deal
June 25, 2021 05:19 AM AEST| By Team Kalkine MediaNews, media, and entertainment company BuzzFeed Inc. has said that it is in talks for a stock listing via a SPAC merger. BuzzFeed expects a valuation of US$1.5 billion after the merger with 890 fifth Avenue Partners Inc., the company said on Thurs.....
Penn National (PENN) stock up on US$400 mn unsecured notes offering
June 25, 2021 04:25 AM AEST| By Team Kalkine MediaSummary Penn National to offer US$400 million senior unsecured notes in private bidding. The company expects increased revenue in the current quarter ending on June 30. The PENN stock gained 130% in the past year. The stock of Penn Nation.....
Entera Bio (NASDAQ: ENTX) stock trends after positive bone drug test
June 25, 2021 03:07 AM AEST| By Team Kalkine MediaSummary ENTX jumped 44% on June 23 after the announcement of its positive phase 2 test results for osteoporosis drug EB613. The biopharmaceutical company has a market cap of US$118.5 million. Entera Bio’s stock price skyrocketed by 404% .....
Why did Marin Software (MRIN) surge 86% today?
June 25, 2021 02:48 AM AEST| By Team Kalkine MediaSummary Marin Software jumped 86.55% to US$3.19 at 9:34 am ET on June 24. MRIN joined hands with Instacart to provide MarinOne services on its platform. Marin’s cash and cash equivalents were US$15.2 million in the March quarter. Th.....
GTT Communication (GTT) stock is rallying. A bounce back on cards?
June 25, 2021 12:27 AM AEST| By Kiran MuraliGTT Communications, Inc. (NYSE: GTT) stock jumped more than 25 percent on Thursday’s pre-market trading and continues its rally after the markets opened. The stock’s value more than doubled this month. However, the share price is down .....
5 junior pot stocks to explore as marijuana gets more support in US
June 24, 2021 10:10 AM AEST| By Team Kalkine MediaSummary KushCo (KSHB) expects 21%-26% higher revenue in the current quarter. MassRoot Inc. (MSRT) plans a listing on NASDAQ or NYSE. Corbus’ (CRBP) Lenabasum drug may earn handsome revenue after approved. Cannabis or pot stocks are .....
Which are the top utility stocks on Wall Street?
June 24, 2021 08:45 AM AEST| By Kiran MuraliUtility companies provide electricity, natural gas, water, and other basic amenities to people. Therefore, investors usually prefer to have utility stocks in their portfolio as long-term investments that can give a stable return over time. Here, we...
Why is Western Sierra Resource (WSRC) stock trending?
June 24, 2021 05:35 AM AEST| By Kiran MuraliSummary The natural resource development company’s stock skyrocketed 841 percent on Tuesday. Western Sierra is in talks to buy 70 percent common stock of Silver State Mining Group. The stock is currently up 1694 percent year to date. .....
Warby Parker IPO: Eyewear company files for confidential US listing
June 24, 2021 05:32 AM AEST| By Team Kalkine MediaEyewear retailer Warby Parker has confidentially filed for stock market listing with the Securities and Exchange Commission on June 22, the company said. The prescription eyewear company was founded in 2010. Wharton University graduates Jeffrey Ra.....
Why is Globalstar Inc. (GSAT) trading high?
June 24, 2021 04:56 AM AEST| By Team Kalkine MediaSummary Globalstar Inc. (GSAT) has surged around 44% in the last five days. Mid-cap GSAT is trading in high volume for the past two days, possibly due to the Reddit WallStreetBets forum. Cash and Cash equivalent has grown almost 228% QoQ at th.....
