Movie theater stock AMCgot the vote to do a reverse stock split and convert its preferred APE shares into common shares on Tuesday. The vote will allow AMC to raise more cash to reduce its debt and also increase total outstanding shares. Shareholders had been trying to put off the date when the vote to convert AMC preferred notes (APE) to common shares will take place.
In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to 99% vs. year-ago levels. Such results normally devastate most companies.
In this uncertain market environment, the educated investor would do well to seek out some signal that can cut through the noise and indicate the sound stock purchase choices. Following the legendary investors, the traders who build multi-billion dollar fortunes on the stock market trading scene, is a popular strategy – and when two of those investing legends agree… well, there’s a stock that should definitely get a second look. George Soros and Steve Cohen have both built fortunes, for themselv
The legendary investor indicates that more than 60% of Comerica and U.S. Bancorp deposits are uninsured.
The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out
Spectrum Pharma (SPPI) delivered earnings and revenue surprises of 33.33% and 5.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Rivian shares continue to trade around the level of cash on the balance sheet, leaving investors to ask: What gives?
The Federal Reserve is expected to raise interest rates by another 0.25% on Wednesday as it works to tame inflation that remains above target and short-circuit a banking crisis that has seen three U.S. banks fail this month.
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.
(Bloomberg) -- Ford Motor Co.’s Jim Farley was told recently of a survey that found investors overwhelmingly believe legacy automakers can’t be cost competitive with Tesla Inc.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisXi Aligns With Putin Against US, But Hesitates on Gas DealFirst Republic Rescue May Rely on US Backing to Reach a Deal“I’m with them,
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
Truist Financial Corporation (TFC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
The stock was trading at 7.9 times its fiscal 2023 earnings on Tuesday versus its historical five-year average of 10.7, data on FactSet shows.
Exxon (XOM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Lululemon Athletica, Ralph Lauren, Crocs, PVH and Under Armour are part of the Zacks Industry Outlook article.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
It's the second scandal involving fake nickel in as many months.
(Bloomberg) -- Bitcoin approached $29,000 for the first time since June as Federal Reserve officials meet to decide whether to paused their series of interest-rate increases.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisXi Aligns With Putin Against US, But Hesitates on Gas DealFirst Republic Rescue May Rely on US Backing to Reach a DealThe largest digit
AT&T saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 66 to 78. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. See if AT&T can continue to show renewed price strength and hit that benchmark.
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