Thursday, President Joe Biden announced that he will be pardoning thousands of people convicted of marijuana possession under federal law. It’s worth noting that those who are being pardoned were convicted of l simple misdemeanor charges. While it may not appear that this is more than a quick win for cannabis users around the [...]
Everyone’s favorite social media service for finding inspiration just got an upgrade from Goldman Sachs. One analyst there believes that the company’s stock is on the brink of a big surge. In fact, Eric Sheridan of Goldman Sachs is expecting as much as a 25% price spike in the near term. As a result, [...]
Companies situated in the travel industry have had a rough few years now as a result of the pandemic. And it’s not just airlines that are suffering - manufacturers like Boeing are feeling the effects themselves. Since the company’s stock experienced a 62% drop back in 2020, it struggled to regain its footing. This [...]
In the never-ending saga of Musk vs Twitter, it appears the eccentric billionaire is back with another proposal. This time? The original offer price of $54.20/share. Down below, we’ll highlight the details of what we know so far and what you should do from an investment standpoint. This deal leads to a valuation of [...]
Viasat, a satellite broadband communications company for the military and commercial markets, enjoyed a 40% boost in stock price Monday morning. This spike resulted from their deal with defense contractor L3 Harris Technologies. In total, the deal is estimated to bring in over $1.8 billion after taxes, fees, and other expenses. The deal will [...]
Nike stock plunged 12% this morning after another earnings report that missed expectations. While revenue and EPS figures came in strong, the margins slipped up a bit - which has only been exacerbated by inflation. But the real reason analysts and investors alike have growing concern over the trajectory of Nike? Inventory. Their inventory [...]
While Rite Aid had a good run during the pandemic, it appears the stock is headed back towards the bottom - as the company reports another quarter of poor results. The retail drug store chain lost over $300 million in the fiscal 2nd quarter. This resulted in a net loss per share of $6.07, [...]
On Thursday, September 28, LNG had a huge up day with a $10.60 gain (6.95%) after hitting an intraday low of $147.70 on September 26. The high for the year was on September 14 at $178.62. The closing price pierced its 50-day moving average and closed well above it. Over the past year, energy-related [...]
Yesterday, we discussed how Crispr stock enjoyed a short-lived jump ahead of seeking FDA approval for their gene therapy drug. But today, we’re here to talk about a drug company that has experienced a much larger spike as a result of positive news: Biogen. Biogen is engaged in discovering, developing, and delivering therapies for [...]
While many stocks are moving downwards this morning, one stock has made a nice 5% jump since the market opened - and that’s Crispr. The company is engaged in the development of transformative drugs based on gene therapy. And news just released that they are finally on the path to seeking FDA approval for [...]
