Bill Ackman’s Pershing Square Capital Management is exploring a major acquisition, targeting Howard Hughes Holdings Inc (NYSE: HHH) with plans to take the real estate firm private. Ackman aims to acquire the remaining 62% of Howard Hughes that Pershing Square does not currently own. The valuation of this potential deal remains undisclosed, but the news… Continue reading Pershing Square targets Howard Hughes: Bill Ackman eyes major real estate acquisition
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Shopify stock soars 22% on earnings beat despite consumer spending slowdown: Time to buy?
Shopify stock was up 22% today following an earnings beat and a healthy forecast for the rest of the year. The company saw increased demand for its e-commerce software despite a slowdown in consumer spending. The results are remarkable because competitors like Amazon and Etsy, on their respective earning calls recently, have complained of consumer… Continue reading Shopify stock soars 22% on earnings beat despite consumer spending slowdown: Time to buy?
Sunrun stock soars 15% after SunPower bankruptcy filing: What you need to know
Sunrun Inc (NASDAQ: RUN) is up more than 15% on Wednesday after rival SunPower Corporation (NASDAQ: SPWR) filed for bankruptcy following months of struggles related to higher interest rates. SPWR recently faced allegations of financial misconduct which contributed to GLJ Research calling SunPower stock “worthless” in July. But the bane of SunPower could be a… Continue reading Sunrun stock soars 15% after SunPower bankruptcy filing: What you need to know
Entain share price gets oversold ahead of earnings
Entain (LON: ENT) share price has been in a steep sell-off this year, making it one of the worst performers in the FTSE 100 index. It tumbled to a low of 528p on Thursday, its lowest swing in years. It has dropped by over 78% from its highest point in 2021. Entain has dropped by… Continue reading Entain share price gets oversold ahead of earnings
Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays
Super Micro Computer Inc. (NASDAQ: SMCI) saw its stock drop by 20% today following its Q4 earnings report. Despite announcing a better-than-expected forecast and a forthcoming 10-for-1 stock split effective October 1st, the market reaction was overwhelmingly negative. Delay in Nvidia’s Balckwell GPUs On the company’s earnings call, CEO Charles Liang mentioned that he did… Continue reading Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays
Nearly 50% of student loan borrowers anticipate future debt forgiveness: What you need to know
In a recent survey, nearly half of student loan borrowers are optimistic about future forgiveness of their debts. The “How America Pays for College” report by Sallie Mae reveals that 48% of borrowers expect the government to excuse their education loans. This annual report, conducted between April 8 and May 14 by global market research… Continue reading Nearly 50% of student loan borrowers anticipate future debt forgiveness: What you need to know
Jim Cramer names top two stocks to buy on post-earnings dip
Renowned investor Jim Cramer has identified two stocks that he believes are undervalued following their recent earnings reports. Cramer is bullish on Advanced Micro Devices Inc (NASDAQ: AMD) and Eaton Corporation PLC (NYSE: ETN), urging investors to consider these stocks amidst their current weakness. Jim Cramer, host of CNBC’s “Mad Money,” has increased his holdings… Continue reading Jim Cramer names top two stocks to buy on post-earnings dip
Should you buy Cadence after the recent 23% drop? Piper Sandler thinks so
Cadence Design Systems Inc. (NASDAQ: CDNS) has experienced a notable downturn recently, dropping over 23% in the past month, yet analysts at Piper Sandler see this as an opportunity. Analysts remain optimistic Upgrading the stock from Neutral to Overweight, they’ve maintained a bullish $318 price target, suggesting a potential 25% upside. This view is largely… Continue reading Should you buy Cadence after the recent 23% drop? Piper Sandler thinks so
Uber exceeds Q2 expectations: CEO Khosrowshahi predicts continued outperformance
Uber Technologies Inc (NYSE: UBER) is thriving despite market conditions, with CEO Dara Khosrowshahi asserting that the company is “really hitting on all cylinders.” In an interview with CNBC, Khosrowshahi highlighted that Uber’s latest quarterly results exceeded market expectations, signaling robust performance across its platform. According to Uber’s second-quarter earnings report, the company has shown… Continue reading Uber exceeds Q2 expectations: CEO Khosrowshahi predicts continued outperformance