Spartan Capital analyst Barry Sine initiated coverage of Salem Media Group Inc. with a Buy and $6 price target, implying an upside of 114.3 percent. Salem is primarily a radio broadcasting company delivering Christian and conservative content via its 100 owned stations and 3,100 affiliates, Sine said. Salem’s Dennis Prager and Charlie Kirk are picking up many independent…
Spartan Capital Sees 114% Upside in This Radio Broadcasting Company
Read Why SMBC Nikko Is Bullish on Microsoft
SMBC Nikko analyst Steve Koenig initiated coverage of Microsoft Corp. with an Outperform rating and $410 price target. The price target implies an upside of 28 percent. Microsoft is successfully transitioning its customers to the cloud. Koenig said that Microsoft is “well-positioned at the center of the big secular trends in software” and is primed to capitalize on IT…
Read Why Loop Capital Slashed Twitter Price Target by 22%
Loop Capital analyst Alan Gould lowered the price target on Twitter Inc. to $65 from $84, implying 46.5 percent upside, and reiterated a Buy. Gould states that not many investors see the potential for the company to generate 25 percent topline growth, raising an “unanswered question” on margin outlook and overhang for the stock after Twitter indicated that expenses…
El Salvador President Bukele Purchases 21 Bitcoins on Dec. 21
El Salvador’s President Nayib Bukele bought another 21 bitcoins on Dec. 21 to mark the 21st day of the last month of the 21st year of the 21st century. Bukele announced the tongue-twisting bitcoin purchase on Twitter on Tuesday night, adding that he made the purchase at exactly 21:00 local time. The president shared a screenshot…
Moody’s Upgrades Apple
Moody’s Investors Service upgraded Apple Inc.’s senior unsecured rating to Aaa from Aa1 and affirmed its Prime-1 rating for commercial paper. The ratings outlook is stable. Moody’s analyst Raj Joshi said. “The upgrade of Apple’s rating to Aaa reflects the company’s exceptional liquidity, robust earnings that we expect will continue to grow over the next 2 to…
Apple Faces iPhone Production Disruption Again in India—This Time Over Food Poisoning
Food poisoning at a factory in India that manufactures Apple Inc.’s iPhones reportedly led to protests and subsequent detention of 70 women and 22 men. What Happened Over the week, an outbreak of “acute diarrhoeal disease” among employees of an iPhone factory run by Hon Hai Precision Industry Co. Ltd., better known as Foxconn, on the…
Embraer Shares Soar on Announcement of Eve Deal With SPAC, NYSE Listing
SAO PAULO—Shares of Brazilian planemaker Embraer SA soared on Tuesday after the company said it had agreed to combine its electric aircraft subsidiary Eve with Zanite SPAC and list it on the New York Stock Exchange. The transaction values Eve’s equity at $2.9 billion and will include the combination with Zanite Acquisition Corp and an…
Space ETF Adds 8 New Companies Including 7 That Completed SPAC Mergers: What Investors Should Know
A pure-play space ETF offering investors exposure to growth in the sector announced its semi-annual rebalancing and reconstitution. The news brings eight new companies to the ETF, including seven that went public via SPAC merger. What Happened The Procure Space ETF announced the addition of eight new names to the space-themed ETF. The new companies added…
If You Invested $1,000 In Costco Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust total return over the last 12 months is 28.8 percent. But there is no question some big-name stocks performed better than others along the way. Costco’s Big Year One company that has been…
Is Rocket Companies’ Stock Overvalued or Undervalued?
Rocket Companies Inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 28.5 percent. Rocket stock has had a wild ride since its 2020 IPO, but investors may be wondering whether there’s any value in Rocket shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of…
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