Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
Mergers vs. Acquisitions: An Overview Mergers and acquisitions are two of the most misunderstood words in the business world. Both terms often refer to the joining of two companies, but there are key differences involved in when to use them. A merger occurs when two separate entities combine forces to create a new, joint organization.
Editor’s note: “6 Monthly Dividend Stocks to Buy” was previously published in April 2020. It has since been updated to include the most relevant information available. Most dividend stocks pay their shareholders quarterly, but a few dividend-yielding stocks offer monthly distributions. The group is small: less than 100, with many of the offerings being exchange-traded
Simultaneously, Hertz Global (NYSE:HTZ) is both an obvious investment in terms of trajectory prediction as well as the most perplexing. When the novel coronavirus hit us earlier this year, one of the most disrupted sectors was transportation. As you can imagine, the appetite for travel – especially air travel – dropped to a staggering low
Landcadia Holdings’ (NASDAQ:LCA) agreement to merge with Golden Nugget Online Gaming in June is still of much interest to investors. When its shares merge into GNOG stock, which has yet to happen, markets will know more about sentiment regarding the deal. Investors can view the deal through several different lenses, as with any potential investment.
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions. The moves announced
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir
After a monstrous day on Monday, stocks took a breather on Tuesday, spending most of the day near flat. That doesn’t mean some of our top stock trades weren’t putting together big moves though. With all of that in mind, let’s have a look. Top Stock Trades for Tomorrow No. 1: Beyond Meat (BYND) Beyond
Workhorse Group (NASDAQ:WKHS) stock has moved up dramatically in the last year, soaring almost 600%. In fact, WHKS stock is up 665% in 2020 and has even fallen about 10% from its peak. But there are rising concerns about the stock having rallied too far and too fast. Source: rblfmr / Shutterstock.com Since my last
[embedded content] It’s been a rough year for Norwegian Cruise Line (NYSE:NCLH) and owners of NCLH stock. Source: Roberto Sorin / Shutterstock.com Coming into the year, the cruise industry was riding high on strong consumer spending and healthy travel appetite. NCLH was trading near all-time highs around $60. Revenues and profits were soaring. Life was
An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic. Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million
Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Check out the companies making headlines after-hours Tuesday: Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares were halted in after-hours trading. Micron Technology — Micron shares rose
When most people challenge deeply ingrained wisdom about finances, they’re greeted with eye rolls. When one of the world’s most successful financial gurus is the contrarian, people listen. Such was the case with Warren Buffett’s 2013 letter to Berkshire Hathaway investors, which seemed to challenge one of the longstanding axioms about retirement planning. Buffett noted
In sports, a losing team’s first move is to fire the manager. In business, this is the last move. Cisco Systems (NASDAQ:CSCO) has been adrift ever since Chuck Robbins became CEO in 2015. Once the world’s most valuable company, Cisco stock has gained less than 10% each year over the last five. Source: Valeriya Zankovych
One way to look at the airline sector is by looking at what analysts are saying. And despite many planes still grounded, analysts are finding airline stocks to buy. In fact, there are a few that have received a “strong buy” rating. Do the analysts know something we don’t? Not really. But analysts know that
Wharton School professor Jeremy Siegel told CNBC on Monday the stock market is likely primed for strong gains next year, regardless of whether President Donald Trump or Joe Biden occupy the White House. Siegel, who has been mostly bullish over the years, cited a number of reasons, including the increased money supply as a result of
Earnings season kicks off in a couple weeks and here’s why it may be better than expected. The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results. “September has been a rough
Take a look at some of the biggest movers in the premarket: IHS Markit (INFO) – The financial information and analytics provider earned 77 cents per share for its latest quarter, 8 cents a share above estimates. Revenue was in line with forecasts. The company said it is seeing recovery at “varying speeds” in the
Bulls grabbed the market by the horns on Monday, running stocks higher right from the open. With that in mind, let’s look at a few of our top stock trades from Monday’s notable movers. Top Stock Trades for Tomorrow No. 1: United Airlines (UAL) The airlines caught fire on Monday, with the group receiving a