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The online gaming platform for kids is preparing to go public amid a surge in engagement due to the pandemic.
Shares of defense industry giant Lockheed Martin (NYSE: LMT) tanked Tuesday morning, trading down by 12.1% as of 12:32 p.m. EDT even though the company reported a sizable earnings beat. Lockheed Martin's earnings plunged by 65% year over year to $2.21 per share in the third quarter -- a result that easily surpassed analysts' consensus projection for earnings of $1.97 per share. Without that charge, it would have earned nearly $7 a share and grown its earnings nearly 11% when calculated according to generally accepted accounting principles (GAAP).
What happened Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 22.1% higher as of 11:28 a.m. EDT on Tuesday. The big jump came as investors anxiously awaited a meeting today of the World Health Organization's technical advisory committee.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
It's been an amazing 10-year ride for Tesla investors — literally better than any other stock. The wealth created is hard to fathom.
Cathie Wood responded to Elon Musk flagging the surge in price pressures. Yahoo Finance's Brian Cheung, Julie Hyman and Brian Sozzi share the details.
Shares of AEye (NASDAQ: LIDR) surged sharply higher Wednesday, skyrocketing as much as 106.5%. The catalyst that sent the maker of light detection and ranging (LiDAR) systems and advanced driver-assist systems exploding higher was bullish commentary issued by a Wall Street analyst who began covering the stock. Roth Capital analyst Suji Desilva initiated coverage on AEye with a buy rating, while also issuing a price target of $15.
As the world pushes toward a clean energy future, these companies could generate big returns for their shareholders.
Yahoo Finance’s Rick Newman breaks down Trump's remarks on his planned social media comapny.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Yesterday, PayPal Holdings, Inc. ( NASDAQ:PYPL ) responded to last week’s rumors of a potential acquisition of Pinterest with a one-line press release . The press release simply stated: ‘In response to market rumors regarding a potential acquisition of Pinterest by PayPal, PayPal stated that it is not pursuing an acquisition of Pinterest at this time.’
Watch as Brian Sozzi, Julie Hyman, and Brian Cheung discuss how the market is reacting to the latest earnings from 3M, General Electric, and UPS.
The Nio customer experience is working in China, and investors hope that will be the case in European markets, too.
KPMG, one of the Big Four accounting firms, is changing the benefits and compensation for its employees in a move the chief executive characterized as a way to “make the complicated simple” and give its workers “the flexibility they need.” Employers are working to attract and retain employees with generous benefits and enhanced flexibility. “I believe part of my job is to build support systems that help our people when they need it most,” KPMG Chairman and CEO Paul Knopp said in a statement highlighting the changes.
Micron Technology's (NASDAQ: MU) consistently solid results have failed to appease Wall Street and investors alike, the stock fell more than 20% over the past six months in anticipation of a crash in memory prices. What's more, the anticipated decline in memory prices that has led investors to sell Micron stock won't be arriving any time soon, as the company is on track to deliver terrific growth in revenue and earnings once again this quarter. This is a huge vote of confidence in the memory market's prospects from Micron, which also indicates that the company's impressive growth is here to stay for the long run.
Shares of Carnival (NYSE: CCL) (NYSE: CUK) fell 2% as of 1:39 a.m. EDT Monday after the cruise company got hit with a downgrade from analysts at Citigroup. Citi cut its rating on Carnival stock from buy to neutral and slashed its price target to $24.50. Citi's price target cut implies there's still about 12% upside in Carnival stock -- that's the good news.
When it comes to investing success, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is in a class of his own. Buffett may not be infallible, but he's helped create more than $600 billion in shareholder value for the company's shareholders since taking the helm in 1965. As a whole, Berkshire Hathaway's shares have averaged an annual gain of 20% over the past 56 years, leading to an aggregate gain of better than 3,300,000%.
Alger, an investment management firm, published its “Alger Mid Cap Focus Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. During the third quarter, the largest portfolio sector weightings were Information Technology and Health Care. The largest sector overweight was Industrials. The portfolio had no exposure to the Utilities or […]
Evercore ISI Senior Managing Director and Head of Internet Research Mark Mahaney joins Yahoo Finance to discuss Facebook's investment in its metaverse, its recent earnings, and the intense scrutiny Facebook has faced.
On Monday, Vertex Energy announced plans to make a private offering worth $155 million in debt in the form of convertible senior notes due 2027. $33.7 million to fund its impending acquisition of Royal Dutch Shell's subsidiary's refinery in Mobile, Alabama. $13 million on a hydrocracking unit at the Mobile refinery to produce renewable diesel.
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.