Apple Inc. was trading slightly higher in the premarket on Friday in tandem with the S&P 500 E mini-futures, which were rising up over 1 percent. The tech giant has been trading in a heavy and consistent downtrend since March 30, plunging about 23 percent to reach a low of $136.60 on Thursday. A downtrend…
Class Of 1997: 25 Years Decades After Their IPOs, Where Are These Companies Now?
Delivering on a promise is a tough proposition, and to consistently deliver requires excellence on all fronts. When companies offer their shares to the public in the form of an IPO, they do so by touting their financial strength, balance sheet solidity, market opportunity, strong competitive positioning, an efficient management team, viable strategy and resilience…
Stock Wars: Dollar General Vs. Dollar Tree
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector, with the goal of determining which company is the better investment. This week, the duel is between a pair of discount retail chains: Dollar General Corp (NYSE:DG) and Dollar Tree, Inc. (NASDAQ:DLTR). The Case For Dollar General This company began in October 1939…
Previously Owned Homes Sales In April Fall To Lowest Levels Since The Pandemic
Sales of previously owned homes in April tumbled for the third straight month to their slowest pace since the start of the pandemic, according to the National Association of Realtors on May 19. Existing home sales fell to a seasonally adjusted annual rate of 5.61 million, while sales were down 2.4 percent from March and…
This Investor Is Comfortable Holding Apple Stock, But Is Concerned About Amazon: Here’s Why
UBS upgraded the technology sector to Overweight on Wednesday morning, but Requisite Capital Management’s Bryn Talkington splashed caution on the analyst firm’s call. “I’m never amazed at how low stocks can actually go when you get into this environment,” Talkington said Wednesday on CNBC’s “Fast Money Halftime Report.” What to Know: The call on the broader tech sector as a whole…
This Day In Market History: Facebook Goes Public
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On May 18, 2012, Facebook, Inc. held its highly anticipated IPO. Where The Market Was The Dow finished the day at 12,369.38. The S&P 500 traded at 1,295.22. What Else Was Going On In 2012, Hurricane Sandy…
Australian Billionaire Cannon-Brookes Settles 11.3 Percent Stake Buy in AGL Energy
Australian tech billionaire Mike Cannon-Brookes’ firm Grok Ventures said on Wednesday it settled an 11.28 percent stake purchase in AGL Energy worth A$650 million ($455.33 million) with J.P. Morgan. Cannon-Brookes, the co-CEO of software firm Atlassian and a vocal climate activist, had gained the AGL stake earlier this month by converting a part of his…
JPMorgan Shareholders Reject Jamie Dimon’s $50 Million Bonus
Jaime Dimon, the CEO of JPMorgan Chase & Co., suffered a rebuke on May 18 after shareholders voted against a controversial $52.6 million one-time retention bonus, after key investors objected to the bank’s compensation plan for its long-serving chief who has been in charge since 2005. This is the first time an executive pay package…
Berkshire Hathaway Spends Big on Stock Market Dip
Berkshire Hathaway Inc. has undertaken a massive buying spree, increasing its shares in multiple companies as fears of an economic recession have driven stock prices downward. In the first quarter of 2022, the company greatly increased its shares of Occidental Petroleum Corp. and Chevron Corp. and continued to add to its position in Apple Inc….
‘ESG Is a Scam’: New GOP Voter Elon Musk
Elon Musk called the environmental, social, and governance (ESG) scoring “a scam” in a series of Tweets on May 18, citing S&P Global’s inclusion of ExxonMobil Corporation in its ESG Index while his own electric car company, Tesla Motors, was removed. “Exxon is rated top ten best in world for environment, social & governance (ESG)…
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