EA Stock Surges Amid Amazon Acquisition Rumors – 1 Reason Our System Rates it a Hold Still
It seems Amazon is on a mission to gain a grasp on any industry possible. So, when rumors circulated that Amazon was looking to acquire EA sports, it made sense. With EA Sports being regarded as one of the largest video game companies in the world as it stands right now, this purchase would have taken them to the [...]
Peloton Stock Soars With Amazon Sales Channel…Then Plummets as Q4 Earnings Miss. Here’s Why VectorVest Still Rates it a HOLD
Those looking to buy Peloton equipment and fitness gear or access to thousands of on-demand fitness classes will be excited to hear that it just got a whole lot easier. Now - the company’s offerings are available through Amazon. The fitness company struck a partnership with the e-commerce platform to grow its customer base, make their products more accessible, [...]
Does Salesforce’s First Buyback Program Mean Investors Should Get in Now? Not so Fast…
Salesforce (CRM) board of directors has recently approved a $10 billion stock buyback program - the first in the software firm's history. This news comes on the heels of a good quarter for earnings and revenue. And yet, the company’s executives are skeptical about the future - and have trimmed back their 2023 fiscal projections. This led to a [...]
Zoom is Down 78% as the Pandemic Fades…Buy, Sell or Hold?
While the pandemic put many companies out of business, others found an opportunity to thrive. One such company is Zoom. The video teleconferencing company became the primary way for companies to meet (besides Google Meet) over the past 2 years. Zoom’s stock price reached a high of $559 in October of 2020 at the height of the pandemic - but, [...]
This Pension Fund Sold Off Top Tech Stocks to Buy Walmart…Should You Do the Same?
A Canadian pension fund (Public Sector Pension Investment Board) recently made dramatic changes to its portfolio. PSP Investments currently manages over $180 billion in assets, so this news has investors scratching their heads, wondering if they should follow suit. After cutting positions in three top tech companies - Apple, Tesla, and Microsoft - they loaded up on the retail [...]
GM Restores Quarterly Dividend – and With Momentum in its Sails, the Stock is Rated a Buy
Back in April of 2020, the world's second-largest automaker - General Motors - made the decision to cut its dividend payouts. This decision came at the height of the COVID-19 pandemic when companies were hit the hardest. In February of 2020, the company paid out a dividend of 38 cents. And on September 15, 2022, they’ll issue a 9-cent [...]
