One of the biggest words for investors in 2021 was SPACs. While special purpose acquisition companies have been around for years, 2021 became the year that they took over the market in terms of IPOs and as a topic of conversation. There were over 600 new SPACs that went public in 2021 and over 150…
GameStop Enters NFT Market
New reports indicate that GameStop has taken steps to develop a marketplace for non-fungible tokens (NTFs), marking the latest development in its ongoing effort to transform its core business. A source familiar with the matter told The Wall Street Journal that the video game retailer has hired over twenty people to facilitate the creation of “an online…
State Pension Funds Help Repressive Regimes Like China’s, Critics Warn
Some American institutional investors, in pushing for the highest returns, could soon find themselves hanging by their own rope while destroying the country, critics warn. That’s because several big American money managers are investing through retirement funds in China, according to critics who say there’s good reason for these investments to be reviewed. They contend…
Bernstein Upgrades Dell Technologies on Earnings Potential: What’s Next?
Dell Technologies Inc. seems poised for sustainable revenue growth of 2 percent to 4 percent and earnings growth of mid-to-high single digits, both of which are higher than Hewlett Packard Enterprise Co. and HP Inc., which trade similar multiples, according to Bernstein. The Dell Technologies Analyst Toni Sacconaghi upgraded the rating for Dell Technologies from Market…
This Pizza Stock Has a Better 1-year Return Than Amazon, Snap, Plug Power, and Starbucks
It’s no secret traders and investors supported tech companies in droves in 2021. So perhaps overlooked is a certain Louisville, Kentucky-based pizza chain that has delivered impressive returns over the past year. Since January 2021, Papa John’s Int’l Inc. stock’s 1-year return has outperformed several of the world’s most popular tech and consumer discretionary stocks:…
Apple Analyst Explains Why Cupertino Is Tracking Ahead of Expectations in December Quarter
Apple Inc. shares, which have come off from their all-time highs reached at the start of the year, could have an impending catalyst in the form of its earnings report. The Apple Analyst KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating and $191 price target on Apple shares. The Apple Thesis Apple is…
A Weak Quarter at Bed Bath & Beyond, and Shares Soar
Losses widened at Bed Bath & Beyond as a tangled global supply chain continued to squeeze sales and the home goods chain lowered expectations for its final fiscal quarter, and also its full-year revenue. At the opening bell, however, shares of the company that have been grouped with other meme stocks of beaten down companies,…
Nano Dimension Snaps Global Inkjet Systems for $18 Million Cash
Nano Dimension Ltd. acquired Global Inkjet Systems Ltd. for $18.1 million in cash and involves an earnout of $1.3 million–$10.7 million within the next 27 months. Cambridge, U.K.-based Global Inkjet is a developer and supplier of control electronics, software, and ink delivery systems. It has more than 130 customers worldwide. Founded in 2006, Global Inkjet is…
Analyst Raises Tesla, GM, Ford Price Targets, Names Top 2022 Auto Stock Picks
The auto industry has been one of the most lucrative and controversial sectors in the stock market in recent years. On Thursday, one analyst adjusted price targets for several automaker stocks and named his top five auto stock picks for 2022. The Analyst Bank of America analyst John Murphy made the following automaker price target…
BofA Turns Bullish on TaskUs, Sees Sharp Upside
Bank of America analyst Jason Kupferberg upgraded TaskUs Inc. to Buy from Neutral with an unchanged $71 price target, implying an upside of 49 percent. Kupferberg noted that the stock had lagged S&P 500 performance by 5,000 basis points and comps by 3,800 basis points since touching highs on September 23 following its June IPO, driven by a…
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