Month: November 2021

“Sell the news” seemed to be the market’s response to AMC Entertainment’s (NYSE:AMC) latest earnings report. After the close on Nov. 8, the movie theater chain reported higher-than-expected revenue ($763 million versus $708 million consensus) and a narrower-than-expected per-share loss (44 cents versus 53 cents consensus), for the quarter ending Sept. 30. Yet, it did not
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First, there was the meme token known as Dogecoin (CCC:DOGE-USD). Then came Shiba Inu (CCC:SHIB-USD), which actually managed to overtake Dogecoin in popularity. Yet, there’s a third canine-themed coin, Floki Inu (CCC:FLOKI-USD), and I don’t recommend dismissing Floki Inu as an also-ran. Source: Wit Olszewski I’ll admit that as an old-school, fundamentals-focused investor, I had difficulty taking any
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How many years of lagging stock portfolio returns would you tolerate in order to avoid the bursting of a stock market bubble? That in effect is what Wall Street’s “permabears” are asking. They’ve been bearish on U.S. stocks for a number of years now, and therefore they (and their clients) have missed out on one
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Rafael Henrique | LightRocket | Getty Images A McKinsey partner was arrested Wednesday after being criminally charged with insider trading ahead of Goldman Sachs‘ recent $2.2 billion acquisition of fintech lender GreenSky. Puneet Dikshit, a 40-year-old McKinsey partner, exploited information he gained about his client Goldman Sachs’ pending takeover to buy profitable call options in
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The cost of healthcare can be overwhelming. Even with insurance, individuals and families often find themselves spending a significant amount of money on medical costs. The average family of four with employer-provided insurance and an income of $100,000 will likely pay $12,500 in healthcare expenses. This equates to roughly 13% of the family’s income. Flexible
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It is a meta collaboration. Meta Platforms, Inc. (FB)—the company formerly known as Facebook—and Microsoft Corporation (MSFT) are partnering to integrate their work collaboration software. The integration will enable content sharing and engagement between both applications. Thus, users of Facebook’s Workplace app, now rebranded as Workplace from Meta, will be able to react and comment
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BlackBerry’s (NYSE:BB) lackluster operating performance indicates that it is unlikely to create long-term value. Though one of its core products, QNX, continues to gain traction, it’s hardly enough to generate meaningful returns for the company. Moreover, with its management’s spotty track record, it seems improbable that they would wisely allocate the proceeds from the sale
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Shares of Walt Disney Co. dove toward an 11-month low Thursday, as multiple analysts cut price their price targets, even the bullish ones, in response to the media and theme-park giant’s disappointing earnings and outlook for Disney+ subscribers. But Wall Street remained overwhelmingly bullish on Disney’s prospects, highlighting the expected continued rebounds in the company’s
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How your 401(k) plan works after you retire depends on what you do with it. Depending on your age at retirement—and the rules of your company—you may elect to start taking qualified distributions. Alternatively, you may choose to let your account continue to accumulate earnings until you are required to begin taking distributions. Another option
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