Month: August 2020

Sorrento Therapeutics (SRNE) enjoyed yet another stellar day. Sure, there have been plenty of good weeks so far in 2020 – shares are up by a resounding 190% year-to-date. And according to H.C. Wainwright analyst Ram Selvaraju, there’s plenty more to come.Selvaraju reiterated a Buy rating on SRNE shares and boosted his price target to $30. If the market plays nice with Selvaraju’s forecast, investors could be adding a massive 207% to their portfolios over the next 12 months. (To watch Selvaraju’s track record, click here)That’s an extremely bullish call, so what lies behind it? Last week, Sorrento announced it …read more […]

Microsoft and TikTok could prove to be each other’s perfect match. …read more […]

On Monday, Take-Two Interactive reported a strong first-quarter that easily beat analysts’ expectations. The video game company reported a fiscal first quarter record in GAAP net revenue, thanks in part to its Grand Theft Auto franchise, NBA 2K20 and Social Point’s mobile offerings, among others. Take-Two also increased its outlook for the fiscal year 2021. Myles Udland breaks down the company’s quarterly results on The Final Round. …read more […]

Microsoft is hoping to finish its deal acquiring TikTok in the U.S. by the September 15th deadline given by President Trump. D.A. Davidson Senior Vice President & Senior Research Analyst Rishi Jaluria joins The Final Round panel breaks down the details.
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(Bloomberg) — American International Group Inc. posted a $7.9 billion second-quarter loss driven by the sale of a majority stake in a business of runoff policies, as well as costs from the pandemic and civil unrest.The sale of the Fortitude Group Holdings stake, which was announced in late 2019 and completed in June, was used to de-risk the balance sheet, Chief Executive Officer Brian Duperreault said in a statement Monday. Adjusted net income of 66-cents a share beat the 48-cent estimate of analysts in a Bloomberg survey, as the company improved profitability in property-casualty underwriting.Key InsightsThe sale of a majority …read more […]

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There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two… …read more […]

Ocean Bio-Chem’s (NASDAQ:OBCI) stock is up by a considerable 134% over the past three months. Given the company’s… …read more […]

Former Disney Senior Analyst and dot.LA Chief Correspondent Kelly O’Grady joins Yahoo Finance’s Zack Guzman to discuss what to expect from Disney’s upcoming earnings report. …read more […]

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of… …read more […]

(Bloomberg) — Alarm.com Holdings Inc. plunged as much as 20%, the most intraday in almost five years, after Alphabet Inc.’s Google announced a partnership to create smart-home security products with ADT Inc.Stifel analyst Brad Reback said the pact is a “potential long-term issue” for Alarm.com, which offers interactive security and video monitoring for residential and commercial properties. In a February filing, Alarm.com said ADT represented “greater than 15% but not more than 20%” of its revenue in the three years ended 2019.“This ADT/Google partnership could become a headwind to ADT’s existing technology relationship (five-year deal) with Alarm.com that was formed …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

Evermore Global Advisors recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Evermore Global Value Fund posted a return of 10.35% for the quarter, underperforming its benchmarks, the MSCI All Country World Index ex USA (MSCI ACWI ex USA), the MSCI All Country World Index (MSCI ACWI), and […] …read more […]

Yahoo Finance’s Dan Roberts joins the On the Move panel to discuss what to expect when Disney reports their Q2 earnings today after the closing bell. …read more […]