Articles for category: Most Popular

Russ Cohen

Most Popular

The Battle of Cryptos: SEC Meets Coinbase and Binance in the Court The Battle of Cryptos: SEC Meets Coinbase and Binance in the Court

Last summer, the U.S. Securities and Exchange Commission (SEC) sued crypto exchanges Coinbase and Binance, alleging they listed and traded unregistered securities in the form of various cryptocurrencies. This week, the regulator’s legal teams faced the exchanges in court as the companies argued the SEC did not make the case that those cryptos are securities. ...

Russ Cohen

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Golden Cross Signals Bullish Momentum for Morgan Stanley After Q4 Earnings Beat Golden Cross Signals Bullish Momentum for Morgan Stanley After Q4 Earnings Beat

Morgan Stanley (MS) stock beat on EPS and revenue as it reported its fourth-quarter earnings on Jan. 16. Buoyed by positive sentiments around the company, the stock just made a remarkable technical move by forming a ‘Golden Cross’ on the price charts. On Jan. 18, the 50-day Simple Moving Average (SMA) for Morgan Stanley stock ...

Russ Cohen

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Alibaba Stock Struggles in 2023 The Trials of Alibaba Stock in 2023

Alibaba (NYSE: BABA), the Chinese e-commerce giant, faced a tumultuous year in 2023. It grappled with challenges as the hopes for a Chinese economic recovery faltered, market share eroded, and a plan to spin off non-core businesses suffered a setback due to new U.S. chip export restrictions. Consequently, the stock finished the year down 12%, ...

Russ Cohen

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High Volume Trading in Invesco RAFI Strategic US ETF High Volume Trading in Invesco RAFI Strategic US ETF

The trading floor was bustling with fervent activity as the Invesco RAFI Strategic US ETF (IUS) encountered an extraordinary surge in volume during Friday’s afternoon session. An astronomical 333,000 shares were exchanged, a seismic departure from the three-month average volume of a mere 55,000. This unprecedented spike in activity propelled the shares of IUS to ...

Russ Cohen

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Jefferies Recommends Buy Rating for Inspire Medical Systems Stock Jefferies Commends Inspire Medical’s Solid Fundamentals and Initiates Buy Rating

monsitj Jefferies recently initiated coverage of Inspire Medical Systems (NYSE:INSP) with a buy rating, emphasizing the company’s solid fundamentals and the anticipated minimal impact from GLP-1 drugs. The analysts’ note expressed confidence in strong underlying strength, driven by increasing Hypoglossal Nerve Stimulation (HGNS) penetration and awareness. They cited label expansion, progress in reducing pre-surgery diagnostic ...

Russ Cohen

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Anticipating ServiceNow’s Q4 2023 Earnings Report Anticipating ServiceNow’s Q4 2023 Earnings Report

ServiceNow (NOW) is scheduled to release its fourth-quarter 2023 results on Jan 24. The Zacks Consensus Estimate for fourth-quarter revenues is currently pegged at $2.40 billion, up 23.55% from the figure reported in the year-ago quarter. The consensus mark for fourth-quarter earnings is pegged at $2.77 per share over the past 30 days, indicating growth ...

Russ Cohen

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World Acceptance Posts Stellar Earnings, Leads Friday’s Positive Trend World Acceptance Posts Stellar Earnings, Leads Friday’s Positive Trend

U.S. stocks traded higher, with the Dow Jones index gaining around 50 points on Friday. Shares of World Acceptance Corporation WRLD soared on Friday following impressive quarterly results. World Acceptance surpassed market estimates, reporting quarterly earnings of $2.84 per share, higher than the expected $1.88 per share. The company’s quarterly sales came in at $137.75 ...

Russ Cohen

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Warren Buffett’s Top Pick: The Kraft Heinz Co. Warren Buffett’s Top Pick: The Kraft Heinz Co.

The venerable Kraft Heinz Co (KHC) is perched as one of the hallmark constituents of the illustrious Berkshire Hathaway portfolio overseen by the desert bookworm, Warren Buffett. It commands an impressive 3.45% stake, serving gallantly as the seventh largest holding within Berkshire Hathaway’s coffers. Buffett, being bullish, first drank the Kool-Aid in the third quarter ...

Russ Cohen

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BYD and DJI Unveil World’s First Vehicle-Mounted Drone BYD and DJI Unveil World’s First Vehicle-Mounted Drone

Renowned investor Warren Buffett’s backed Chinese electric vehicle (EV) manufacturer, BYD Co Ltd (BYDDF, BYDDY), has unveiled the world’s first vehicle-mounted drone at its headquarters in Shenzhen. The innovative drone is a result of collaboration with tech company DJI. The pioneering unmanned aircraft system has been integrated into an automotive-grade drone bay and boasts the ...

Russ Cohen

Most Popular

Vision Marine’s First Quarter Earnings: Mixed Results Raise Concerns

Source: iQoncept / Shutterstock Vision Marine (NASDAQ:VMAR) released its first-quarter 2024 results, sending mixed signals to investors. Vision Marine surpassed the analyst forecast for earnings per share, reporting 7 cents, contrary to the expected -22 cents. However, the company’s revenue of $722,367 fell short of expectations by 66.56%, missing the analyst estimate of $2.16 million. ...