The Right RIA For You. All content copyrighted © 2019 – onwards by Ambastha Financial LLC.
By Kuldip K. Ambastha and Anil K. Ambastha On October 28, 2019, New York-based Tiffany & Co.’s stock (TIF) jumped 31.6% for a record one-day gain. The stock surged due to the announcement of a potential $14.5 billion (USD) acquisition bid from LVMH Moët Hennessy (LVMH). LVMH is a Paris-based French company headed by the …
By Kuldip K. Ambastha and Anil K. Ambastha On October 22, 2019, Biogen Inc. (BIIB) delivered a 26.1% return for the day. This was the stock’s largest one-day percentage return in 23 years. Its Alzheimer’s drug (aducanumab) had previously been written off as a failure, but now will be getting a second chance at approval …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 21-25, 2019”
By Kuldip K. Ambastha and Anil K. Ambastha BlackBerry Limited (BB) is a prominent Canadian company, previously known as “Research In Motion.” The general public knows BlackBerry Limited best as the developer of the BlackBerry brand of phones and tablets, but in more recent years the company now provides enterprise software and services. From 2001 …
By Kuldip K. Ambastha and Anil K. Ambastha Acadia Pharmaceuticals Inc. (ACAD) is a biopharmaceutical company which has Nuplazid (aka: pimavanserin) in its product pipeline. Nuplazid has been used by individuals suffering from Parkinson’s disease-linked psychosis. Acadia has now analyzed Nuplazid in relation to individuals suffering from dementia-related psychosis. Currently, no approved drugs exist in …
Continue reading “What Caught Our Attention in the Investment World? – Week of September 9-13, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha This past week, the e-signature and electronic document company DocuSign (DOCU) impressed the market with its strong fiscal second-quarter results, improved outlook for the rest of the fiscal year, and addition of 29,000 new customers during the quarter. In return, DocuSign’s stock gained 21.7% on Friday, September …
Continue reading “What Caught Our Attention in the Investment World? – Week of September 3-6, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha As the second-quarter earnings reporting period is coming to a close, in this past week the market was not impressed with cosmetic retailer Ulta Beauty (ULTA). The company’s lowered second-half guidance generated multiple analyst downgrades, and the stock dropped by 29.6% on Friday, August 30th, marking its …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 26-30, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha Following its disappointing second-quarter earnings due to deep discounting amid rising inventory levels, concern about the potential impact of China tariffs in the future, and slashed earnings guidance for the rest of the year, shares of a retailer, Macy’s (M), dropped by 13.2% on August 14. Macy’s …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 12-16, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha Following its second-quarter earnings report featuring lower than expected losses, higher than expected revenues, a year-over-year 39% increase of active users to 30.5 million, and bright future guidance, shares of a TV streaming platform operator, Roku (ROKU), rose by 20.9% on August 8. The company has lifted …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 5-9, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha Food industry and restaurant industry stocks generally move in a slow and steady manner. Also, once the initial hype is over shortly after an Initial Public Offering (IPO) of a company’s stock, generally, the IPO shares start to decline and, mostly, an IPO’s shares trade for less …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 22-26, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha Second-quarter earnings season started in earnest this week and will continue for the next 3-4 weeks. This week, the S&P 500, Dow 30, and Nasdaq indices respectively dropped by 1.23%, 0.65%, and 1.18%. Thus, movement of the indices was fairly benign and insignificant. However, individual stocks can …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 15-19, 2019”