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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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, [...]
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, [...]
Starbucks (SBUX) investors have patiently awaited the overthrow of now-former CEO Howard Schultz - and it appears that the wait is over sooner than expected. New CEO Laxman Narasimhan took the throne approximately two weeks earlier than expected. As a result, he’s going to make his first public address as the company’s leader in [...]
Michael Burry made a name for himself profiting from the subprime mortgage crisis. Because of what he managed to do, many investors still track his trades and follow his moves themselves. And recently, Burry added 7 new positions to his portfolio at Scion Asset Management as he believes an economic downturn is all but [...]
