Is Peloton’s TikTok Deal Enough to Justify Buying This Stock? 3 Things to Consider
Yesterday in Thursday’s trading session, Peloton (PTON) announced a new partnership with TikTok, sending shares 9% higher. The stock picked right back up in Friday morning’s trading session and has climbed more than 15% so far. Peloton will get its own “Hub” on TikTok, and it will be referred to as “#TikTokFitness Powered by Peloton”. Here, Peloton will be [...]
Walgreens Falls 6% After Announcing Dividend Cuts Despite Solid Earnings: Should Investors Sell WBA?
Shares of Walgreens (WBA) are down more than 6% in Thursday’s trading session after the drugstore retailer reported its fiscal first-quarter earnings. Earnings per share of 66 cents beat the consensus of 61 cents, while revenue of $36.71 billion topped the $34.86 billion expected. The company did report a net loss for the quarter of $67 million, or 8 [...]
Verizon Kicks Off 2024 with New Resolutions and Unexpected Gains
Sticks and stones may break my bones, while an analyst’s rating will move a company, as can be witnessed by Verizon Communication’s (VZ) 2% uptick following Keybanc’s upgrade. Verizon made initial gains at the start of the year after Keybanc upgraded the company to ‘overweight,’ with a bright outlook for the fiscal year of 2024. An upgrade like this [...]
Moderna Climbs 13% After Analyst Upgrades to a Buy: Why MRNA is Still Rated a Hold at VectorVest
Shares of Moderna (MRNA) climbed 13% in yesterday’s trading session after being upgraded to a buy at Oppenheimer. The stock fell a bit in Wednesday’s trading session, but has since settled at around even on the day. Hartaj Singh and a team of analysts see dramatic upside potential over the next few years for Moderna, leading to an upgrade [...]
Nextracker Inc. Attains Its All-Time High on December 22: Can it Power Ahead in 2024
by Leslie N. Masonson, MBA Nextracker Inc. (NYSE:NXT), a worldwide integrated energy, solar and software solutions company was founded in 2013 in Fremont, CA where it is currently headquartered. It has $2.1 billion in annual sales and a market capitalization of $2.95 billion with only 606 full-time employees. The company’s services are used in utility-scale and distributed generation solar [...]
Joyy Inc. Falls 15% on Canceled Acquisition: Why It’s Time to Sell This Stock Now
Momentum was surging for Joyy Inc. (YY) heading towards the end of 2023, as Baidu was set to acquire the Singapore-based streaming company in an all-stock acquisition. However, the deal has fallen through according to a filing in Hong Kong. YY is down 15% so far in the first trading session of 2024. While some say this is a [...]