Tencent holdings second quarter revenue rose 8% YoY, mainly due to strength in its gaming segment driven by the success of its game Dungeon Fighters Online(DnF). The game was released in May and became the most downloaded game in China after its release. Tencent is the operator of the WeChat messaging service in China, but […]
Chipotle Mexican Grill’s stock has plummeted nearly 14% in early trading today following the announcement that CEO Brian Niccol will step down to take the helm at Starbucks on September 9. Niccol, who has led Chipotle since 2018, is credited with revitalizing the company after a significant E. coli outbreak and doubling its revenue from […]
On August 13, 2024, Wolfe Research upgraded First Industrial Realty Trust (FR) from Peer Perform to Outperform, setting a year-end 2025 price target of $64. This upgrade suggests a potential 19% upside from its current trading price of around $53.89. The upgrade highlights an improved supply outlook, anticipated earnings growth, and favorable valuation, making FR […]
Republican Representative Mark Green, who has served Tennessee’s 7th congressional district since 2019, has recently disclosed a lucrative stock trade involving NGL Energy Partners (NYSE: NGL). Green sold between $15,000 and $50,000 worth of NGL shares for $4.74, highlighting his strategic trading prowess and significant gains in a challenging market. Mark Green’s engagement with NGL […]
A prominent Solana whale has intensified their massive selloff, adding a recent $2.8 million transaction to the staggering $86 million in SOL tokens sold since January. This ongoing divestment has drawn significant market attention as investors scrutinize the whale’s strategy amid notable developments within the Solana ecosystem. Whale intensifies selloff: $2.8 million in SOL tokens […]
Home Depot Inc (NYSE: HD) has recently reported its Q2 earnings, and while its guidance may appear cautious, it is consistent with market expectations. Michael Baker, a senior retail analyst at D.A. Davidson, believes that despite the muted outlook, Home Depot is poised for future growth. Home Depot’s updated forecast for 2024 projects a decline […]
Japanese stocks have staged a strong comeback after tumbling hard earlier this month. The Nikkei 225 index rose to a high of ¥36,240 on Wednesday as traders waited for Thursday’s Japan GDP data. It has risen by over 16% from its lowest point last week. Japanese yen has retreated The Nikkei 225 index comeback happened […]
Lloyds and Barclays share prices have held steady in the past few days as investors focus on the British economy. Barclays (BARC) stock was trading at 220p on Wednesday, 12% higher than this month’s low of 196.30p. It has risen by over 44% this year, making it one of the best banking stocks globally. Similarly, […]
In a bold move, the US Department of Justice is contemplating a rare bid to break up Alphabet Inc.’s Google following a landmark court ruling that declared the company had monopolized the online search market, according to a report by Bloomberg. This potential action marks the first significant push by Washington to dismantle a major […]
Intel has sold its 1.18 million share stake in British chip designer Arm Holdings, raising nearly $147 million. This move is part of a broader restructuring strategy as the company grapples with financial challenges and intensified competition in the semiconductor industry. Why did Intel divest its stake in Arm? Intel’s decision to divest from Arm […]