March 28, 2023
CMC Markets share price sell-off could intensify to 150p
CMC Markets (LON: CMCX) share price nosedived on Monday after the company warned of the tough operating environment as it downgraded its forward guidance. Shares of the FTSE 250 company plunged by over 20% to a low of 184.6p. They have dropped by ~67% from the highest level during the pandemic. Change of fortunes CMC […]
March 28, 2023
Amazon stock outlook: Morgan Stanley sees upside to $150
Amazon.com Inc (NASDAQ: AMZN) ended roughly flat on Monday even after a Morgan Stanley analyst reiterated the tech behemoth his top pick for 2023. Amazon stock to benefit from layoffs Brian Nowak recommends that investors buy Amazon stock here as it has upside to $150 – more than a 50% premium on its current price. […]
March 28, 2023
Lyft CEO is stepping down: a reason to buy Lyft shares?
Lyft Inc (NASDAQ: LYFT) is trading meaningfully up in extended hours after cofounder Logan Green said he would step down as the company’s chief executive next month. Analyst reacts to the news on CNBC On April 17th, David Risher will replace him as the CEO of the ride-hailing company. He has previously served as a […]
March 27, 2023
Price outlook: Uranium and the nuclear renaissance
Throughout the previous decade or so, uranium has been firmly gripped by the bear market. From a spot peak of $136 per pound in June of 2007, the price fell to the $20 – $30 range for much of the post-Fukushima period. Most producers supplied the metal at a loss, as investors and the public […]
March 27, 2023
Carnival Q1 results: ‘we’ve seen no sign of a slowdown’
Carnival Corp (NYSE: CCL) is in the red on Monday even after reporting market-beating results for its fiscal first quarter. Carnival stock down on disappointing guidance The stock is taking a hit primarily on the back of guidance that disappointed investors. For the full financial year, Carnival is now calling for 44 cents to 28 […]
March 27, 2023
Rolls-Royce share price forms a rare bullish pattern
Rolls-Royce (LON: RR) share price rally has stalled in the past few days in line with the performance of the FTSE 100 and FTSE 250 indices. It was trading at 144.78p, which is ~9.15% below the year-to-date high of 160p. The shares are about ~125.25% from the lowest level in October last year. Mixed views […]
March 27, 2023
Elliott and CVC bid for parts of Cineworld Group plc
Cineworld Group plc (LON: CINE) is in focus on Monday following reports that Elliott Management is interested in taking over the struggling cinema chain. Here’s what we know about Elliott’s bid A recent Sky News report suggests the activist investor wants to buy Cineworld’s operations in Israel and eastern Europe. Elliott has considered bidding for […]
March 27, 2023
First Citizens shares jump 45% on ‘very good news’
Frist Citizens BancShares Inc (NASDAQ: FCNCA) is trading about 45% up this morning after agreeing to buy Silicon Valley Bank assets at a deep discount. Pro reacts to the stock market news On Monday, the Federal Deposit Insurance Corporation said the Nasdaq-listed firm will assume roughly $72 billion worth of SVB loans and deposits at […]
March 27, 2023
KORE to Acquire Twilio’s IoT Business Unit and Accelerate Progress Towards Building the World’s First ‘IoT Hyperscaler’
KORE and Twilio have signed an agreement for KORE to acquire the IoT unit of Twilio, bringing best-in-class IoT customers and talent to KORE. KORE Group Holdings, Inc., a global leader in Internet of Things (“IoT”) Solutions and worldwide IoT Connectivity-as-a-Service (“IoT CaaS”), announced today the signing of a definitive agreement to acquire Twilio’s IoT […]
March 27, 2023
When Can Waffle House Raise its Prices?
An earlier version of this article appeared at Economic Forces. The dumbest economics discussion over the past few years — and that’s a high bar — has to go to “greedflation.” The White House tried to blame the greed of meat packers and gas companies for rising prices. I would have blamed the Fed for […]
March 27, 2023
A Revolution in Public Transportation From A Town You Wouldn’t Expect
Wilson County Courthouse, Wilson, North Carolina. The city of Wilson, a quiet town of about 50,000 in eastern North Carolina, would not be the first place I’d look for a revolution in thinking about public transportation. Located around 40 miles east of the capital city of Raleigh, Wilson was a center of tobacco cultivation in […]