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Stocks
Proofpoint Shares Rally On US$12.3B Takeover Deal From PE Firm Thoma Bravo
April 27, 2021 11:18 AM AEST| By Team Kalkine MediaSummary NASDAQ-listed cybersecurity company Proofpoint will become private after the transaction. Thoma Bravo will pay US$176 per share in cash to Proofpoint shareholders, a premium of 34 percent. The deal, which got approval from Proofpoint&r.....
Decline in Data Center Revenue Pulls Intel’s Stock Down
April 24, 2021 10:37 AM AEST| By Team Kalkine MediaSummary Intel’s data center revenue during the first three months of the year fell 20 percent year over year. Revenue growth in the PC-centric business was offset by the decline in data center business. The semiconductor company projects.....
Blackstone Swings to Record Profit in Q1’21
April 23, 2021 11:04 AM AEST| By Team Kalkine MediaSummary The investment company posted a profit of US$1.75 billion against a loss of US$1.07 billion in the year-ago period. Total revenue during the quarter came in at US$5.30 billion, compared to the negative US$3.08 billion in the first quart.....
AT&T Shares Rally On Strong Q1 Wireless Subscriber Growth
April 23, 2021 10:59 AM AEST| By Team Kalkine MediaSummary CEO John Stankey said the addition of 595,000 postpaid phones was the best in the first quarter in more than ten years. WarnerMedia unit’s HBO Max and HBO added 2.7 million new more subscribers. AT&T’s consolidated reve.....
Why are Women More Exhausted after Video Conferencing?
April 22, 2021 07:16 PM AEST| By Team Kalkine MediaSummary Zoom fatigue refers to the exhaustive feeling of tiredness after prolonged video conferences. A new study from Stanford University found women are 13.8 percent more Zoom fatigue than men. Zoom overtook Google and Microsoft video apps d.....
Two REIT Stocks to Watch on NYSE
April 22, 2021 12:22 PM AEST| By Team Kalkine MediaSummary Shares of New York-based VICI Properties have grown 18.14 percent this year. SL Green, which invests in office buildings, saw its share price rally 13 percent year to date. Real estate investment trusts, or REITs, are companies tha.....
ASML Holding Shares Rally on Higher 2021 Sales Estimate
April 22, 2021 10:20 AM AEST| By Team Kalkine MediaSummary The Dutch semiconductor equipment maker projects 2021 sales to grow 30 percent. First-quarter net sales rose to €4.36 billion from €2.44 billion in the year-ago period. Shares of ASML grew 61 percent on NASDAQ in 2020 and is .....
P&G to Hike Prices Over Rising Commodity Cost; Posts Robust Q3’21 Results
April 21, 2021 11:27 AM AEST| By Team Kalkine MediaSummary Prices will increase for P&G’s products in its baby care, feminine care and adult incontinence categories. The consumer products company attributed the price hike to the impact for increasing commodity costs. P&G’s .....
Altria, British American Tobacco Stocks Tumble as FDA Reportedly Looks to Cut Nicotine
April 21, 2021 07:53 AM AEST| By Team Kalkine MediaSummary The U.S. Food and Drug Administration is reportedly considering to cut nicotine level in cigarettes. Altria’s share dropped around 10 percent this week while British American Tobacco declined close to 7 percent on NYSE. Share of .....
Palantir (NYSE:PLTR) Stock Climbs 135% Since September 2020 Debut
April 13, 2021 05:06 PM AEST| By Team Kalkine MediaSource: Bro Crock, Shutterstock Summary The data analytic firm went public on NYSE in September 2021 through a direct listing. Palantir’s revenue in 2020 rose 47 percent year-over-year to US$1.09 billion. The Denver-based company antici...
2 COVID Vaccine Stocks to Watch In 2021
April 10, 2021 09:52 AM AEST| By Team Kalkine MediaSource:solarseven, Shutterstock Summary Moderna anticipates US$18.4 billion in sales from its COVID-19 vaccines in 2021. Pfizer forecasts COVID-19 vaccine revenue in 2021 to hit US$15 billion. Moderna’s stock skyrocketed over 430 percen...
Facebook Removes 16,000 Groups over Fake, Misleading Reviews
April 10, 2021 06:36 AM AEST| By Team Kalkine MediaSource:pkstudio, Shutterstock Summary The UK competition watchdog finds evidence of fake reviews on Facebook and Instagram. The social media giant had removed 188 groups earlier after CMA highlighted such concern. The authority has also flagg...
Amazon Wins Key Vote Against Drive For Alabama Warehouse Union
April 10, 2021 06:32 AM AEST| By Team Kalkine MediaSource:Tada Images, Shutterstock Summary Of the total votes, 1,798 were against unionizing while 738 were in favor. This verdict successfully thwarts an attempt to unionize warehouse workers in America. However, the retail, wholesale, and depa...
Why FuboTV Inc. (NYSE:FUBO) Is in Spotlight Today?
April 10, 2021 04:57 AM AEST| By Team Kalkine MediaSource:issaro prakalung, Shutterstock Summary FuboTV stocks jump 17 percent after securing streaming rights to World Cup qualifying matches. The deal gives the company streaming rights to 70 matches, including the World Cup qualifiers. The st...
Taking Cue From Uber, Lyft, Grab Eyes US Listing Via SPAC Deal
April 09, 2021 08:52 AM AEST| By Team Kalkine MediaSource:ANDRANIK HAKOBYAN, Shutterstock Summary Singaporean ride-hailing company to announce a SPAC merger for US listing. The deal could value Grab at US$35 billion. Lyft and Uber saw their stocks recover in 2020 despite reporting losses....
Prosus To Reduce Stake In Tencent To 28.9%
April 09, 2021 03:59 AM AEST| By Team Kalkine MediaSource:Pla2na, Shutterstock Summary Prosus plans to cut its stake in Tencent to 28.9 percent from 30.9 percent by selling 191.9 million shares. South Africa-based Nasper, which owns Prosus, is the largest shareholder in Tencent. Tencent&rsquo...
Five Blue-Chip Stocks For Long-Term Investment
April 02, 2021 02:32 PM AEDT| By Team Kalkine MediaSource:ShutterstockProfessional, Shutterstock Summary Blue-chip stocks are industry leaders which managed to weather the storms in the market. These companies have gained tremendous respect and support for products and services. Their proven...
Three Utility Stocks To Watch In 2021
April 02, 2021 02:28 PM AEDT| By Team Kalkine MediaSource:Robert Kneschke, Shutterstock Summary Shares of Florida-based energy company NextEra grew nearly 28 percent in 2020. American Water Works Company’s net income jumped 14 percent in 2020. Brookfield Infrastructure’s funds fro...
Three Mid-Cap Stocks That Hold Promise For Long-Term Investors
April 02, 2021 02:20 PM AEDT| By Team Kalkine MediaMid-cap stocks are usually fast-growing, profitable, and stable. Although mid-cap stocks constitute a significant part of the stock market, some investors tend to overlook them, given that most of their focus remains on either fast-growing or .....
Will 2021 Be Better Than 2020 For Telecom Stocks?
April 01, 2021 11:38 AM AEDT| By Team Kalkine MediaSource:Andrey_Popov, Shutterstock US telecommunication stocks saw a mixed performance in 2020. While some companies have seen robust growth, others struggled to keep up. For instance, the stocks of AT&T Inc. (NYSE:T) and Verizon Communications I...
