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Revlon (REV) files for bankruptcy, rising debts drown cosmetics giant
June 16, 2022 10:49 AM PDT| By Mridul GogoiHighlights: US cosmetics giant Revlon Inc. (NYSE: REV) files for bankruptcy. Revlon failed to withstand competition from celebrity-backed cosmetic startups. Founded in the early 20th century, Revlon is considered a doyen in the cosmetics indus.....
Advent (ADN) stock soars 150% on Greece funding for hydrogen project
June 16, 2022 10:04 AM PDT| By Versha JainHighlights: Advent Technologies Holdings, Inc. (NASDAQ: ADN) manufactures fuel cell systems. The company went public in 2018. On Thursday, it received 782.1-million Euros in funding from Greece. Shares of fuel cell manufacturer Adve.....
Five financial stocks to watch in Q3: FHN, Y, WRB, LPLA & PGR
June 15, 2022 05:53 PM PDT| By Versha JainHighlights: First Horizon Corporation (NYSE: FHN) stock has a dividend yield of 2.71%. Alleghany (NYSE: Y) shareholders approved its purchase by Berkshire Hathaway Inc. W.R. Berkley Corp (NYSE: WRB) pays an annualized dividend of US$0.347. .....
Podcast audience skyrockets for AMZN, SPOT with billions in investment
June 14, 2022 10:30 AM PDT| By Mridul GogoiHighlights: Amazon (Nasdaq: AMZN) and Spotify (NYSE: SPOT) capture a major share of the podcast market with investments. AMZN and SPOT earn millions in advertising revenue from their podcast business. Shares of both Amazon and Spotify were risin...
What triggered FedEx (FDX) stock rally today?
June 14, 2022 10:01 AM PDT| By Versha JainHighlights: FedEx Corporation (FDX) is one of the world’s largest express package providers. The company announced a series of business and corporate actions on Tuesday. Its stock rose 12.93% to US$226.96 on Tuesday morning. FedEx C.....
OXY to LMT: 5 dividend stocks to explore as inflation scorches US
June 14, 2022 05:15 AM PDT| By Rupam RoyRising inflation and interest rates have dealt a double blow to the stock markets. As nervous investors look for haven assets to cope with the current turmoil, some dividend stocks are back in focus. Unlike growth stocks, which are sensitive to int.....
Prologis (PLD) to take over Duke Realty in US$26 bn deal
June 13, 2022 01:42 PM PDT| By Mridul GogoiHighlights: Prologis Inc. (PLD) to buy Duke Realty Corp. (NYSE: DRE) for US$26 billion. The deal will boost Prologis to expand its warehouses and distribution centers. Prologis shares were down 6.39% to US$109.745 at 2:45 PM ET on June 13. .....
HST to VTR: Should you explore these 5 REITs as inflation shoots up?
June 13, 2022 12:25 PM PDT| By Versha JainHighlights: Sabra Health Care REIT, Inc’s (NASDAQ: SBRA) annualized dividend is US$1.20. EPR Properties (NYSE: EPR) annualized dividend is US$3.3, with a 6.57% yield. Ventas, Inc’s (NYSE: VTR) P/E ratio is 135.44, with an annu.....
GOGO to LPTV: Five communication stocks to watch in July
June 12, 2022 01:18 PM PDT| By Versha JainHighlights: Gogo Inc’s (NASDAQ: GOGO) P/E ratio is 16.15, and the forward P/E ratio of one year is 31.05. World Wrestling Entertainment, Inc. (NYSE: WWE) stock has a dividend yield of 0.72% and an annualized dividend of US$0.48......
Can these 5 utility stocks weather inflation? DUK, SO, D, AEP & SRE
June 12, 2022 11:51 AM PDT| By Rupam RoyHighlights: Duke Energy Corp (NYSE: DUK) reported revenue of US$7.13 billion in Q1, FY22. The SO stock returned gains of over 9% YTD. DBA Sempra (NYSE: SRE) reported a net income of US$657 million in Q1, FY21. Utility stocks are companies.....
Top lithium stocks to explore in June: ALB, LAC, LTHM, PLL & SQM
June 10, 2022 05:04 PM PDT| By Rupam RoyHighlights: Albemarle Corporation (NYSE: ALB) expects its net sales to be between US$5.8 billion and US$6.2 billion in fiscal 2022. Livent Corporation (NYSE: LTHM) revenue soared 56% YoY in Q1, FY22. The SQM stock returned gains of over 99% YT.....
GM slashes price of its electric cars by US$6,000 to stay in the race
June 10, 2022 12:11 PM PDT| By Mridul GogoiGeneral Motors (NYSE: GM) has slashed the price of its electric vehicle models Chevrolet Bolt hatchback and Bolt EUV by about US$6000, surprising everyone. It has come when the demand is high and supplies scant, allowing dealers to charge thousands.....
Cogent Biosciences (COGT) stock soars 101% on positive trial data
June 10, 2022 11:45 AM PDT| By Versha JainHighlights: Cogent Biosciences, Inc. (NASDAQ: COGT) develops therapies for genetic diseases. The company went public on March 26, 2018. On Friday, it reported positive Phase 2 clinical trial data for ‘Bezuclastinib’. Sha.....
Top healthcare stocks to explore in June: JNJ, LLY, ABBV, MRK & BMY
June 09, 2022 04:38 PM PDT| By Rupam RoyHighlights: Johnson & Johnson (NYSE: JNJ) revenue increased by 5% YoY in Q1, FY22. Merck & Company, Inc. (NYSE: MRK) revenue rose 50% YoY in Q1, FY22. Bristol-Myers Squibb Company (NYSE: BMY) stock returned over 21% gains YTD. The.....
Guess why Applied UV (AUVI) stock gained 60% on Thursday?
June 09, 2022 10:46 AM PDT| By Versha JainHighlights: Applied UV (NASDAQ: AUVI) develops infection-control technology. It announced a new distribution partner to supply air purifiers in Pakistan. The company has a market capitalization of US$37.33 million. The New York-base.....
Spotify (SPOT) expects to touch revenue of US$100 billion in a decade
June 08, 2022 02:31 PM PDT| By Mridul GogoiAudio streaming company Spotify Inc (NYSE: SPOT) on Wednesday revealed its goal to reach US$100 billion in annual revenue in the next 10 years. The firm also assured higher returns from its costly expansion into podcasts and audiobooks. After goin.....
RIO to NEM: Should you consider these 5 gold stocks amid inflation?
June 08, 2022 01:45 PM PDT| By Versha JainHighlights: Rio Tinto Plc (NYSE: RIO) has a dividend yield of 10.97% and an annualized dividend of US$8.33. Freeport-McMoRan, Inc. (NYSE: FCX) stock’s P/E ratio is 12.32, and the forward P/E for one year is 11.10. Franco-.....
Why Heartcore Enterprises (HTCR) stock surged over 170%?
June 08, 2022 10:56 AM PDT| By Versha JainHighlights: Heartcore Enterprises, Inc. (NASDAQ: HTCR) offers enterprise customers software-as-a-service (SaaS) solutions and data analytics services. It announced a US$3.5-million share repurchase program of its outstanding common stocks.....
Kohl’s Corp mulls US$8-bn buyout offer from Franchise Group
June 07, 2022 09:51 AM PDT| By Mridul GogoiKohl’s Corp (NYSE: KSS) has been holding exclusive talks with Franchise Group Inc. for a buyout deal worth US$8 billion. Both the companies issued separate statements on Monday about entering a three-week discussion to deliberate on the Fran.....
Will Target Corp (TGT) stock rebound after right-sizing inventory?
June 07, 2022 09:22 AM PDT| By Versha JainHighlights: Target Corporation (NYSE: TGT) announced a quarterly operating margin cut on Tuesday, weeks after its Q1 results. The company plans to offer discounts on products to clear excess inventory. It intends to add five distribution cente.....
