Articles for author: Russ Cohen

Russ Cohen

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Revolutionary Shift: Hertz to Sell 20,000 EVs from US Fleet, Transitioning to Traditional Cars Revolutionary Shift: Hertz to Sell 20,000 EVs from US Fleet, Transitioning to Traditional Cars

Hertz Global Holdings, Inc HTZ has taken a bold step by choosing to sell roughly 20,000 electric vehicles (EVs) from its U.S. fleet, constituting about one-third of the global EV fleet. The divestiture, which commenced in December 2023 and is scheduled throughout 2024, encompasses a variety of makes and models. Hertz anticipates that this move will provide ...

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Goldman Sachs Projections: Russell 2000 to Outshine S&P 500 in 2024

Propelled by the promise of a vote of confidence in small-cap stocks, Goldman Sachs’ equity research team has predicted a rosy future for U.S. small-cap stocks. Based on their latest report to clients, the Russell 2000 small-cap index, tracked by the iShares Russell 2000 ETF IWM is anticipated to see a substantial upswing, with an ...

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Apple’s Board Sees Major Shift: Al Gore And James Bell To Retire Apple’s Board Sees Major Shift: Al Gore And James Bell To Retire

Apple Inc. AAPL on Thursday announced that two board members, Al Gore and James Bell, are retiring, while a new nominee, Wanda Austin, has been proposed for election. Apple Announces Retirement of Al Gore and James Bell What Occurred: Apple revealed that former U.S. Vice President Gore, a board member since 2003, and Bell, a ...

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Next Media Giants: Top 3 Stocks for High Returns The Next Media Giants: 3 Stocks to Buy for Blockbuster Returns

Discover the potential in 2024 for three prominent media giants. Paramount Global (PARA) Source: viewimage / Shutterstock Paramount Global (NASDAQ:PARA) stands as a prominent media corporation hailed for its TV channels, Filmed Entertainment division (including Paramount Pictures), and Direct-to-Consumer segment featuring Paramount+, among others. While PARA faced negative EPS in its first two quarters of ...

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Ford Motor Co. – Evaluating Options for December 2026

New Opportunities for Options Traders Options for Ford Motor Co. (Symbol: F) with a December 2026 expiration began trading recently, offering potential opportunities for sellers of puts or calls. With 1074 days until expiration, these newly trading contracts provide a unique possibility for investors to capitalize on time value and achieve a higher premium compared ...

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Turbulence in Electric Vehicle Market Electric Vehicle Stocks Plummet As Hertz Shifts Gear

SimonSkafar Thursday saw electric vehicle stocks take a downwards spiral following a surprising reveal from Hertz Global (HTZ). The car rental titan is set to jettison a third of its electric vehicle fleet in exchange for gasoline-powered cars, citing diminished demand for electric vehicles and escalating repair costs as the rationale for this shocking reversal. ...

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Aclaris Therapeutics Suffers a Blow from Mixed Results of Eczema Trial

Overview of the Trial Results Aclaris Therapeutics Inc released topline results from its Phase 2b study of ATI-1777, an investigational topical “soft” JAK 1/3 inhibitor, in patients with mild to severe atopic dermatitis (eczema). The trial met the primary efficacy endpoint, the percent change from baseline in the Eczema Area and Severity Index (EASI) score ...

Russ Cohen

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The Underrated Power of Alphabet Inc in AI Race The Underrated Power of Alphabet Inc in AI Race

Nvidia NVDA has long held the spotlight for its strides in artificial intelligence. However, there’s an underdog in the AI race that has been gaining momentum, and according to strategist Matt Orton of Raymond James Investment Management, that underappreciated gem is Alphabet Inc GOOG GOOGL. “This is more of the institutional play, and it’s underappreciated, ...