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By Kuldip K. Ambastha Chewy Inc. (CHWY) is an American company focused on the online retailing of pet food and other pet-related items. On the trading day of Wednesday, March 31, 2021, the stock rose by +5.4% due to impressive quarterly performance figures. In the latest quarter, sales exceeded $2 billion for the first time …
By Kuldip K. Ambastha Rocket Companies, Inc. (RKT) was in the news during this past trading week. Rocket Companies is a Detroit, MI-based holding company which owns many underlying personal finance and consumer service brands. Rocket Companies prides itself on providing exceptional customer experiences through online solutions aiding the ultimate goals of home ownership and …
Continue reading “What Caught Our Attention in the Investment World? – Week of March 1-5, 2021”
By Kuldip K. Ambastha LendingTree, Inc. (TREE) is a well-known online loan marketplace operating in the USA. On the trading day of Thursday, November 5, 2020, the company’s stock had a -15.4% loss due to 3Q2020-related news. During 3Q2020, a quarterly loss figure of -$0.26 per share was seen. In contrast, one year ago during …
Continue reading “What Caught Our Attention in the Investment World? – Week of November 2-6, 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”
By Kuldip K. Ambastha Biogen Inc. (BIIB) had a -7.5% return on Thursday, June 18, 2020. On this day, Biogen Inc. lost a legal dispute (over a patent) being heard by a U.S. district court. The patent dispute centered on a multiple sclerosis treatment drug called Tecfidera, which uses dimethyl fumarate as its main active …
Continue reading “What Caught Our Attention in the Investment World? – Week of June 15 – 19, 2020”
By Kuldip K. Ambastha The Dow Jones had three down and two up days this week. The coronavirus pandemic has continued to wreak havoc all around the world, and the American capital markets were affected. During 1Q2020, the USA’s GDP (gross domestic product) annualized contraction rate was 4.8%. This figure was announced on Wednesday, April …
Continue reading “GDP Contraction, the Fed, and the Dow Jones – Week of April 27 – May 1, 2020”
By Kuldip K. Ambastha Per the table seen above, the Dow Jones Industrial Average (DJIA) took investors on a volatile ride this week. Down days were seen on Monday and Friday. Up days were seen on the Tuesday, Wednesday, and Thursday in between. This pattern in the DJIA was observed due to the federal government’s …
Continue reading “Government Stimulus and the Dow Jones – Week of March 23-27, 2020”
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 …