Two investment firms teamed up to submit a proposal to purchase Macy’s (M) back in December. After mulling over the offer for a few weeks, the retailer announced today that it would not be accepting the $5.8 billion bid brought forth. Arkhouse Management and partner Brigade Capital Management were eager to take the department [...]
Market Recap: A Rollercoaster Week Unveiled Last week saw the stock market navigating through twists and turns, driven by a mix of economic data and investor sentiments. From a tech-driven sell-off to concerns about rising bond yields, each day brought new challenges. Tuesday witnessed a broad sell-off, particularly in the tech sector, with rising [...]
It’s been a tumultuous week for Spirit Airlines (SAVE) and its investors, as the stock plummeted more than 60% after a judge blocked a deal for the budget airliner to be acquired by competitor JetBlue Airways. It’s been rumored that the company could be headed toward bankruptcy. But, SAVE is turning things around to [...]
Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to [...]
VectorVest tracks the best dividend paying stocks each day. Within VectorVest there is a WatchList entitled: The Dividend Payers WatchList. The Dividend Payers WatchList tracks shares in Australia where the Dividend Yield is 3% or better and where the price is at least $2 or higher (to avoid any penny stocks). A snapshot [...]
URANIUM SPOT PRICES ARE SURGING! Uranium spot prices are on a tear! Prices are up over 80% in the last 12 months with the price at $92 USD per pound as of the end of mid-January 2024. What is behind the rise in uranium prices? Cameco Corporation (US ticker code CCJ), a major [...]
Albemarle (ALB) dropped more than 3% to start Wednesday’s trading session after announcing its efforts to cut costs in response to plummeting lithium prices. Shares have since recovered and are now down just over 1%. The American chemicals manufacturing company is on a mission to lower its costs by nearly $100 million annually, and [...]
Morgan Stanley (MS) reported its fiscal 4th quarter earnings today before the market opened, and despite beating revenue forecasts, the stock is down more than 3% Tuesday morning. Revenue of $12.9 billion was a 1.2% improvement year over year, beating the FactSet consensus of $11.93 billion handsomely. Key segments in this performance were investment [...]
2023 was a tough year for Kraft Foods, or The Kraft Heinz Company (KHC). The company and its peers struggled compared to the rest of the market, with KHC in particular seeing a 9% drop. However, things began to turn towards the end of the year. This stock has rallied nearly 20% in the [...]
Wells Fargo (WFC) reported 4th quarter results this Friday morning that sent the share price slightly lower, as there is concern regarding a big jump in credit loss provisions. The California-based bank bolstered its reserves by 34%, specifically increasing the allowances for credit losses in credit card and commercial real estate loans. This was [...]
