Stocks pulled back from record highs Tuesday, with all three major U.S. indexes down over 1% through early afternoon trading. The drop followed the release of disappointing July retail figures, with sales down 1.1% from June. Headlines point to Delta variant concerns, but restaurants and b
Dogecoin (CRYPTO: DOGE) investors should soon expect to dive in for another major downturn. What Happened: According to a recent AMBCrypto technical analysis, Dogecoin's price rested on support located in the $0.28 area and its 12-hour 200-candle simple moving average.
The latest feature of Amazon.com, Inc.’s Alexa could dent Apple Inc in the future. Flickr
Seattle, Washington-based Amazon.com, Inc. (NASDAQ:AMZN) has been at the forefront of technological innovation in the last decade and continues to do so now. The retail giant has spread its presence in every other space where they can innovate and is already giving other established tech behemoths a run for their money. In our previous Amazon coverage, we highlighted how Amazon is becoming a threat to Alphabet Inc. (NASDAQ:GOOGL). Amazon’s latest innovation, its voice assistant....More>>>
Tupperware Brands’ (NYSE:TUP) stock has tumbled more than 40% since last July on a consistent flow of negative news. Most recently, TUP revised its first-quarter earnings forecast down by 14% to $0.87-0.92 from a previous range of $1.01-1.06. Customer service, supply chain, and tax issues were the main reasons for the revision. With that being said, I see the stock as being significantly undervalued for the following reasons:
Free cash flow is expected to rebound to $170-180 million in 2018, an increase of approximately $30 million over 2017. Free cash flow should further....More>>>
Penske Automotive Group (NYSE: PAG) is one of 20 publicly-traded companies in the “Automotive dealers & gasoline service stations” industry, but how does it compare to its peers? We will compare Penske Automotive Group to similar companies based on the strength of its earnings, valuation, institutional ownership, dividends, analyst recommendations, risk and profitability.
Get Penske Automotive Group alerts:
Penske Automotive Group pays an annual dividend of $1.36 per share and has a dividend yield of 2.9%. Penske Automotive....More>>>
Seadrill (NYSE:SDRL), while sporting one of the youngest fleets in the industry, is hugely over-levered with $8.9B in net debt. By the middle of 2017, net debt/EBITDA will hit 7x, above its maximum level of 6.5x. SDRL previously amended this so there is likely no room left. The firm has $3.17B of debt due in the next 12 months and only $1.25B of cash on hand. If sponsors don’t contribute $1-2B in capital, the equity will need to be restructured.
Seadrill also has over $4B in capex due through 2019 and this includes 14 newbuilds that are being delivered. None are contracted yet,....More>>>
Given its valuation, Under Armour (NYSE:UA) (NYSE:UAA) is still a risky stock here, but the first quarter 2018 financial results were released earlier this week, which weren’t as bad as many thought, and the resulting price action gave the bulls some hope.
The reversal in the share price on the morning of the report was the first positive: the initial reaction to the Q1 ’18 earnings report was that the stock rose 2.6% pre-open, and then fell 6% during the conference call (trading down near $17), and then once the NYSE opened and general trading began, UAA rose steadily all....More>>>
Fuel-cell stock Plug Power (NASDAQ:PLUG) opened Tuesday on a positive note, gaining 2.8% within the first 20 minutes of trading. Despite slipping into negative territory soon after, the hydrogen fuel stock bounced back and was up 2.3% as of 3:30 p.m. EDT.
Shares of MicroStrategy (NASDAQ:MSTR), a technology company that's betting big on popular cryptocurrency Bitcoin (CRYPTO:BTC), tumbled this week. MicroStrategy stock was sitting at $640 per share as of Thursday's close -- roughly 10% lower than where it started the week. And the reason is quite