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By Kuldip K. Ambastha In a volatile week which saw technology (tech) stocks struggle overall, the initial public offering (IPO) of Snowflake Inc. (SNOW) stood out as a star performer. The IPO was priced at $120.00 per share, though the shares opened up on the New York Stock Exchange (NYSE) at an astounding $245.00 per …
By Kuldip K. Ambastha (This week’s update is a follow-up to What Caught Our Attention in the Investment World? – Week of October 28-November 1, 2019.) On Wednesday, September 9, 2020, the stock of Tiffany & Co. saw a -6.4% return. Tiffany & Co. (TIF) and LVMH Moët Hennessy (LVMH) (LVMUY) were in the news …
Continue reading “What Caught Our Attention in the Investment World? – Week of September 8-11, 2020”
By Kuldip K. Ambastha On Thursday, September 3, 2020, Ciena Corporation (CIEN) had a return of -24.3%. For its most recent fiscal quarter, the technology (tech) company surpassed its profit and revenue expectations, but also announced that in the next few quarters going forward it was expecting a slowdown in orders due to the coronavirus …
By Kuldip K. Ambastha On Wednesday, August 26, 2020, the stock of Salesforce.com, Inc. (CRM) had a pop of 26.0%. The stock posted smaller positive and negative returns during other days of the trading week. Strong 2Q2020 results drove the 26.0% gain in one day. For the first time, in 2Q2020 Salesforce.com, Inc. had more …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 24 – 28, 2020”
By Kuldip K. Ambastha Tesla, Inc. (TSLA) had strong returns for four of the five trading days of this past week, as seen in the table above. In advance of its upcoming 5-to-1 stock split (announced last week on Tuesday, August 11, 2020) which will occur on Monday, August 31, 2020, Tesla closed at an …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 17 – 21, 2020”
By Kuldip K. Ambastha Eastman Kodak Company (KODK) was prominent in the news again this week. During the week of July 27 – 31, 2020, Eastman Kodak Company stock did well because of the news that it received a $765 million American federal government loan, to help in making coronavirus-related drug ingredients. During this week, …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 10 – 14, 2020”
By Kuldip K. Ambastha Tailored Brands, Inc. (TLRD), Seven & i Holdings Co. (SVNDY), and Marathon Petroleum Corporation (MPC) were in the news this past week. Tailored Brands owns retail fashion companies, such as Men’s Wearhouse and Jos A. Bank, and has filed for bankruptcy because of the coronavirus pandemic. The company is looking to …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 3 – 7, 2020”
By Kuldip K. Ambastha Until recently, Eastman Kodak Company (KODK) had been best known for its famous camera and photography offerings from the past. The company was founded in 1888, in Rochester, New York. With the rise of new technology offerings such as sophisticated smartphone cameras, Eastman Kodak Company was not in the press as …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 27 – 31, 2020”
By Kuldip K. Ambastha In this past week, BJ Services LLC and Ascena Retail Group (ASNA) both announced their bankruptcies. BJ Services LLC provides its services to oil & gas companies focused on North American exploration & production, and is voluntarily filing for Chapter 11 bankruptcy. This company intends to sell its assets, and its …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 20 – 24, 2020”
By Kuldip K. Ambastha During this past week, RTW Retailwinds (RTW) and Sur La Table both declared bankruptcy. RTW Retailwinds owns several fashion brands focused on women (most prominently New York & Company), while Sur La Table specializes in kitchenware products. RTW Retailwinds has been hard-hit by the coronavirus pandemic, as has Sur La Table. …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 13 – 17, 2020”