Casino stocks with exposure to Macao took a nosedive on Tuesday after a few announcements from the government. One was that COVID-19 cases are on the rise in the Chinese province of Fujian and that could result in fewer visitors to Macao. More concerning is potential government r
Robotic surgery is upending the healthcare industry as we know it and Medtronic (NYSE:MDT) wants in on the action.
The medical-device titan announced that it is shelling out $1.6 billion to acquire Mazor Robotics (NASDAQ:MZOR). That represents a double-digit premium to the stock’s closing price on the day before the transaction and values the business at 22 times sales.
Is Medtronic making a smart move, or did Mazor’s shareholders just make out like bandits?
Charlie Munger (Trades, Portfolio) is an investor and the business partner of the world’s most famous investor, Warren Buffett (Trades, Portfolio), but he is also among the rarified group that cleaned up during the financial crisis. The fountain of wit, wisdom and ice-cold discipline got into the market at its most despairing and quietly made a small fortune, primarily on banks, which he still owns nearly a decade later. With the rally in financials in recent months, Munger has three that continue to thrive.
Munger’s move into stocks began in 2009 after keeping most of the....More>>>
Source: ThinkstockNovember 17, 2017: The S&P 500 closed down 0.3% at 2,578.79. The DJIA closed down 0.4% at 23,358.21. Separately, the Nasdaq was down 0.2% at 6,782.79.
Friday was a down day for the three major U.S. exchanges after posting an incredible Thursday. Thursdays massive win was propelled by the House passing its tax bill, but it seems that wasnt enough to end Friday positively. Crude oil was positive on the day. The S&P 500 sectors were mostly negative with a few exceptions. The best performing sectors were energy and consumer discretionary, both up 0.5%. The worst....More>>>
News headlines about PAREXEL International (NASDAQ:PRXL) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PAREXEL International earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the medical research company an impact score of 49.4978250148766 out of 100, indicating....More>>>
Shares of Fitbit (NYSE:FIT) tumbled 75% in 2016, according to data provided byS&P Global Market Intelligence. Investors weren’t thrilled about heavy spending on R&D knocking down profitability, especially when that spending failed to produce anything other than weak guidance for the fourth quarter.
In an effort to keep up its impressive growth rate, Fitbit began to dramatically increase its spending in 2016. For the first three quarters of the year, total operating expenses more than doubled, with R&D....More>>>
While vaccinations continue to support the recovery, the number of infections from the delta variant has shaken people up quite a bit. As a result, investors could be feeling incrementally more cautious about reopening plays.
Added to that are concerns about the end of government sup
Uber (NYSE:UBER) and DoorDash (NYSE:DASH) are fierce rivals in the online food delivery market. Uber Eats, which was launched in 2014 to complement Uber's core ride-hailing business, now operates in more than 6,000 cities across 45 countries. It also acquired Postmates last December to boost it
It's always interesting to see what billionaire investors are doing with their money. Sure, you can't match their gains simply by copying every single one of their stock picks, but it can still be helpful (and fru
Terreno Realty (TRNO Quick QuoteTRNO ) recently announced the execution of a lease with a global logistics and supply-chain provider for a property in Gardena, CA. The lease for the 114,000 square feet of space will begin upon expiration of the current lease on Jan 31, 2022. Precisely,
Sanderson Farms, Inc. (NASDAQ:SAFM) has been given an average rating of "Hold" by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on