Micron Gains 6% After Upbeat Outlook: is it Time to Buy, or is the Chip Industry Still Questionable?
It’s been a brutal few years for companies that rely on the chip industry. Automotive and electronics segments have suffered, and it goes without saying that the chipmakers themselves have as well. One such company is Micron Technologies - a Boise, Idaho-based company specializing in the manufacturing of memory & storage chips. But, after the company issued an upbeat [...]
AMC Jumps 20% on Acquisition Rumors…Before Buying into the Hype, Here are 3 Things to Consider
Yesterday, shares of AMC Entertainment (AMC) jumped 20% higher after it was reported that Amazon is interested in acquiring the company. The entertainment company has been through a tumultuous few years since becoming a meme stock during the pandemic, soaring to as high as $37/share at one point. Today, the stock sits at a mere $4.89/share. So, why is [...]
Moderna Deal Sends Generation Bio Shares 34% Higher…Should You Take a Chance on This Stock?
Last week Moderna (MRNA) announced a licensing deal with Generation Bio that they hope will allow them to overcome the losses they’re facing now that the COVID-19 pandemic has come and gone. And as a result of this deal, Generation Bio (GBIO) gained 34% in the past week of trading. The partnership will have Generation Bio developing treatments for [...]
First Citizens Bank Shoots up 50%+ After Acquiring the Bulk of SVB – is it Too Late to Buy FCNCA?
Last Tuesday (March 21st) we wrote about the rumors that First Citizens Bank (FCNCA) had thrown its own bid in the mix for the failed Silicon Valley Bank (SVB). And today, those rumors proved true as the US FDIC has announced a deal that will have First Citizens Bank purchase SVB’s deposits and loans at a steep discount. First [...]
Perion Network Ltd. Powers Ahead With Robust Earnings Growth
Perion (PERI:Nasdaq) is a global technology innovator headquartered in Holon, Israel. It operates in the digital advertising space across three pillars—ad research, social media and display/video/CTV products and services. The company was founded in 1999, employs 500 individuals, and maintains nine offices in Tel Aviv, Paris, New York, London, Chicago, Boston, Kiev, Barcelona, and Seattle. Some of the company’s [...]
JPMorgan Still Optimistic About Netflix Despite User Grievances with Shared Password Prohibition
JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly 4% since the company's fourth-quarter [...]
