The Right RIA For You. All content copyrighted © 2019 – onwards by Ambastha Financial LLC.
By Kuldip K. Ambastha and Anil K. Ambastha Nearly every time I strayed from the herd, I’ve made a lot of money. Wandering away from the action is the way to find the new action. (Jim Rogers; https://www.goodreads.com/quotes/tag/wall-street) I will tell you the secret to getting rich on Wall Street. You try to be greedy …
By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, February 25, 2020, the stock of Moderna, Inc. (MRNA) rose by 27.8% for the day. As the coronavirus (COVID-19) has spread around the world and led to a sell-off in the capital markets, Moderna, Inc. announced that its coronavirus vaccine candidate is scheduled to be …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 24-28, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, February 18, 2020, Franklin Resources, Inc. (BEN) and Legg Mason, Inc. (LM) made big headlines. Legg Mason returned 24.4% for the day, while Franklin Resources (AKA: Franklin Templeton) returned 6.9%. Why? Franklin Resources is buying Legg Mason, in an all-cash deal valued at $4.5 billion. …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 17-21, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Monday, February 10, 2020, Taubman Centers, Inc. (TCO) was a star performer for the day with its return of 53.2%. A combination of strong quarterly and annual results plus an acquisition offer from Simon Property Group, Inc. (SPG) led to this impressive return. 4Q2019 adjusted funds …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 10-14, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Wednesday, February 5, 2020, the stock of Coty Inc. (COTY) rose by 14.5% for the day. This beauty-focused company had quarterly earning (27 cents per share) and revenue ($2.35 billion) figures which beat consensus expectations. Coty Inc. has been implementing a turnaround plan in recent quarters …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 3-7, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha Amazon.com, Inc. (AMZN) caught our attention this week due to a massive reported profit figure. Its quarterly profit figure of $3.3 billion for the most recent quarter exceeded its $3.0 billion figure from one year ago. The $87.4 billion sales figure was also impressive and exceeded expectations. …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 27-31, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, January 21, 2020, China Eastern Airlines Corporation Limited (CEA) stock dropped by 10.4% for the day. China Eastern Airlines is a major Chinese airline company which offers international, domestic, and regional flights. The company is headquartered at Shanghai Hongqiao International Airport in Changning District, Shanghai. …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 20-24, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, January 14, 2020, Pinterest, Inc. (PINS) stock rose by 9.6% for the day because, as per market research firm eMarketer, Pinterest had 82.4 million American users in 2019. With this data point, Pinterest is now the third-largest American social media platform behind Facebook (FB) and …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 13-17, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Monday, January 6, 2020, the stock of SmileDirectClub Inc. (SDC) rose by 21.6%. SmileDirectClub specializes in the teledentistry sector, and has its headquarters in Nashville, Tennessee. SmileDirectClub has announced a deal with Walmart Inc. (WMT) to sell its products inside Walmart stores plus on the Walmart …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 6-10, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Friday, January 3, 2020, Tesla, Inc. (TSLA) delivered a gain of 3.0% closing at an all-time high of $443.01 per share due to positive news. Intra-day, the share price reached as high as $454.00 per share. Tesla beat Wall Street estimates for both car production and …