Meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday after the company reported forecast-beating fiscal first-quarter profits, boosted by higher consumer prices amid the broader inflationary environment. Tyson Foods, the biggest U.S. producer of processed chicken and beef, reported net income of $1.126 billion in the company’s…
Tyson Foods Reports Forecast-Beating Profits, Helped Along by Higher Consumer Prices
Hidden Dangers of the Metaverse and How We Defend Ourselves Against Cyber Crime. Feat. Casey Fleming
February 5, 2022
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Blackops Partners Chairman and CEO Casey Fleming has been in the business of countering info-security threats for well over a decade. In this episode of The Wide Angle he reveals the “dark side” of the rapidly manifesting #Metaverse. What can #wethepeople do to defend ourselves in an ever-expanding tech world with correspondingly expanding data exposure?…
Bill.com Shares Trading Higher
Analyst opinions remain mixed on Bill.com Holdings Inc. post Q2 results. However, they continue to see a sharp upside in the stock. KeyBanc analyst Josh Beck raised the firm’s price target on Bill.com to $250 from $225 (46.8 percent upside) and kept an Overweight rating on the shares. Bill.com reported a large beat, topping Street revenue by ~26 percent,…
Analysts Cut Pinterest Price Target Post Q4 Results
Analysts mainly slashed their price targets on Pinterest Inc. post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7 percent upside) and kept a Neutral rating on the shares. While the company reported better than expected revenue and adjusted EBITDA, users are “still under pressure,” said Post, who called Q4 “a mixed quarter.”…
You Ask, We Analyze: Why Advanced Micro Devices Stock May Be Set to Reverse Trend
On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. Benzinga selected one ticker from the replies for a technical analysis. @josht543 and @Nena5804095 are buying Advanced Micro Devices Inc. On Tuesday, AMD reported earnings per share of 92 cents on revenue of $4.826 billion, which beat the Street…
Here’s Why RBC Capital Sees Sharp Upside in GitLab
RBC Capital analyst Matthew Hedberg upgraded GitLab Inc. to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35 percent upside. The analyst cites the stock’s “more reasonable valuation” after a pullback in price. Hedberg adds that he remains bullish on GitLab taking a significant share in the estimated $40 billion DevSecOps market, as its…
The SPAC Market Tanked at Start of 2022, Facing Major Losses
The SPAC market faced more bad news in January, as speculative stocks with little earnings took a dive at the beginning of the year, in the face of rising interest rates in an oversaturated environment. A rising number of major deals have been abandoned so far this year. SPAC stands for a Special Purpose Acquisition…
Analysts Continue to See Sharp Upside in T-Mobile US Post Q4
Analysts remained divided over T-Mobile US Inc. post Q4 results. However, they continue to see a sharp upside in the stock. Deutsche Bank analyst Bryan Kraft raised the price target on T-Mobile to $185 from $175 (53 percent upside) and kept a Buy rating on the shares post Q4 results. The 2022 guidance was primarily positive, and T-Mobile has…
The Hated Sector That’s Posting Massive Revenue Growth
Commentary Two out of three Americans live in a state that has approved the sale of recreational cannabis. The Democrats control the White House and the Senate. And American support for cannabis legalization is at an all-time high. It’s a ground-floor industry that has an immense addressable market, with HUGE tax revenue potential. And despite…
Spotify Saw Surge in Users, Ad Revenue in 2021 but Stock Tumbles Over Weak Growth Projections
Spotify saw a surge in users and advertising revenue in the fourth quarter of 2021, the company said on Wednesday, driven by strong promotional campaign performance. For the fourth quarter, Spotify reported (pdf) 406 million monthly active users, up 18 percent year on year and at the high end of the company’s guidance range. Premium Subscribers, or…
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