Archives

On Sunday, I wrote about 888 Holdings (LON: 888), which rejected a 700 pounds offer from Playtech in July. That offer valued the company at about 700 million pounds, which is much higher than the current valuation of less than 350 million pounds. Five9 (NASDAQ: FIVN) stock price jumped by more than 16% on Monday […]

• December 04, 2023 10:04 PM PST
• Invezz

Real Estate Investment Trusts (REITs) have been unloved, unwanted, and forgotten in 2023 amid a prolonged period of high-interest rates. Office property values in key American cities have dropped while many companies face a wall of maturities in the next few years. Bargain hunters spot opportunities when they see them. While many REITs will struggle […]

• December 04, 2023 08:08 PM PST
• Invezz

Tesla (NASDAQ: TSLA) stock price has done well in 2023, helped by the company’s strong performance as its vehicle deliveries rose. The stock peaked at about $300 in July, which was much higher than its year-to-date low of $103.06.  Tesla has lost momentum Recently, however, there are signs that Tesla has lost momentum as the […]

• December 04, 2023 06:02 PM PST
• Invezz

The S&P/ASX 200 index has pulled back in the past two days as the recent momentum fades. The index, which tracks the biggest companies in Australia, retreated to a low of A$7,057, down from this month’s high of A$7,165. It has dropped by more than 7% from the highest point in 2023. RBA and Fed […]

• December 04, 2023 04:01 PM PST
• Invezz

Exxon Mobil Corp (NYSE: XOM) and its peer Chevron Corporation (NYSE: CVX) have opted out of a fund aimed at helping state-owned energy companies in the developing countries to minimise methane emissions. Other oil giants pledged millions to that initiative The said grant was unveiled at the COP28 – a climate change summit that’s currently […]

• December 04, 2023 01:01 PM PST
• Invezz

Lululemon Athletica Inc (NASDAQ: LULU) has gained more than 50% over the past eight months and now a Wells Fargo analyst says it’s as far as the stock goes for now. Lululemon stock has had its run On Monday, Ike Boruchow downgraded the athletic apparel company to “equal weight”. His $445 price objective is roughly […]

• December 04, 2023 11:57 AM PST
• Invezz

S&P 500 has had a strong 2023 but the coming year will likely be in a stark contrast, says Jason Hunter – the Head of Technical Strategy at JPMorgan. S&P 500 could tank 23% from here Hunter agreed that the U.S. stocks could end this year on a solid note but warned of a steep […]

• December 04, 2023 10:14 AM PST
• Invezz

Twilio Inc (NYSE: TWLO) just announced plans of cutting another 5.0% of its workforce in pursuit of profitable growth. Its shares are roughly flat at writing. Twilio layoff to affect Data and Applications staff The layoff will affect roughly 300 of its employees – most of them in Data and Applications. It’s the same unit […]

• December 04, 2023 09:34 AM PST
• Invezz

Roche Holding AG Genussscheine (SWX: ROG) says it will acquire Carmot Therapeutics for $2.7 billion in cash. Its shares are up 3.0% at writing. Why is Roche buying Carmot Therapeutics? Shareholders of the biotechnology company may also receive another $400 million subject to reaching certain milestones. Roche is interested in buying Carmot Therapeutics primarily to […]

• December 04, 2023 08:16 AM PST
• Invezz

With Bitcoin price breaking above $41,000 on Monday – it did briefly touch $42,000 – many wallets are in profit. Indeed, on-chain data shows more than 80% of Bitcoin holders are now profitable after the price crossed the $41k mark. Amid the overall market exuberance, El Salvador’s President Nayib Bukele has taken to X (formerly […]

• December 04, 2023 07:37 AM PST
• Invezz