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 [...]
Ford Falls After Admitting EV Business is Years From Profitability – Plus, 3 Other Issues We See
Ford had climbed nearly 5% in the past week before yesterday's announcement, in which the company admitted that profitability from the EV business is years down the road. This sent shares back down where they came from - and has investors wondering if it’s worth holding on much longer. In Thursday’s statement, CFO John Lawler spoke about these losses [...]
Block Shares Tank 13% After Claims of Fraud: Should You Weather the Storm or Cut Losses?
Block (SQ) shares tanked as much as 20% in Thursday morning’s trading session before bouncing back up to around a 13% loss. This all came as a notorious short seller - Hindenburg Research - finalized its “2-year investigation” into the company and uncovered alarming findings. Hindenburg claims that Block is complicit in criminal activity, allowing unbanked users to leverage [...]
Take-Two Jumps on Sony Acquisition Rumors: Does This Earn the Stock a Spot in Your Portfolio?
Rumors are circulating that Sony is in talks with Take-Two Interactive Software (TTWO) and hopes to acquire the company. Take-Two is more notably known for the companies it holds underneath it: 2K Games, Rockstar Games, and Visual Concepts. These rumors were first reported by gaming websites like GameCentral and Xfire, and many brushed them off as Sony has gone [...]
First Citizens Bank Jumps on SVB Rumors…True or Not, There’s Something Investors Need to See
It’s been reported that First Citizens Bank (FCNCA) has thrown its hat in the ring in an effort to acquire the recently failed Silicon Valley Bank (SVB). Rumor has it that on Sunday, the Raleigh, North Carolina-based lending & banking company submitted a bid to buy all of SVB. But, as of right now, this is nothing more than [...]
TORM plc Price Performance and Earnings Growth Outpaces Its Competitors
TORM plc, Inc. (TRMD) is a London-based global carrier of energy and clean petroleum products with a market cap of $2.81 billion that has been trading on the Nasdaq since mid-2018. Their fleet of product tankers transports gasoline, naphtha, diesel, and jet and fuel oil that keep businesses across the world operating efficiently, safely, and reliably every day. The [...]
