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By Kuldip K. Ambastha This past week was a volatile one in the investment markets, worldwide. “May you live in interesting times” was a quote popularized during the global financial crisis (GFC) era. This same quote applies now as well, in terms of the wild roller coaster ride seen for March 16-20. On a daily …
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By Kuldip K. Ambastha On Friday, February 24, 2023, the stock price of Autodesk, Inc. (ADSK), a software corporation, fell by -12.9% per share. While Autodesk’s latest quarterly results were relatively strong, its future guidance on earnings and free cash flow worried Wall Street. Autodesk is moving from offering multi-year contracts (with cash all paid …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 21-24, 2023”
By Kuldip K. Ambastha On Friday, February 17, 2023, the stock price of DraftKings Inc. (DKNG), an American fantasy sports contest and sports betting company, rose by +15.3% per share. The company had a strong 4Q2022, with revenue growth alongside an improved financial forecast for the year of 2023. For the quarter, DraftKings exceeded expectations …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 13-17, 2023”
By Kuldip K. Ambastha On the trading day of February 9, 2023, the stock price of Credit Suisse Group AG (CS), a Swiss financial institution, fell by -15.6% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of October 24-28, 2022; By Kuldip K. Ambastha.”) Credit Suisse’s …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 6-10, 2023”
By Kuldip K. Ambastha On the trading day of Friday, February 3, 2023, the stock price of Nordstrom Inc. (JWN), an American retail company, rose by +24.8% per share. One of the biggest and most prominent non-insider shareholders decided to increase his stake in Nordstrom Inc., potentially in advance of a reformist, shareholder activist campaign. …
By Kuldip K. Ambastha On the trading day of Monday, January 23, 2023, the stock price of Wayfair Inc. (W), an e-commerce company focused on furniture and home goods, rose by +26.8% per share. To close out the trading week on Friday, January 27, 2023, the stock price rose another +13.4% per share. The stock …
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By Kuldip K. Ambastha The stock price of Innovative Industrial Properties, Inc. (IIPR), an American real estate investment trust (REIT) focused on specialized properties rented out to state-licensed cannabis facilities through sale-leaseback agreements, fell by -16.9% per share on the trading day of Thursday, January 19, 2023. Investors were disappointed in the results disclosed by …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 17-20, 2023”
By Kuldip K. Ambastha On Friday, January 13, 2023, the stock price of Virgin Galactic Holdings Inc. (SPCE), a space flight company, rose by +12.3% for the trading day. The company is considered to be a high-risk, high-reward investment offering, with an ambitious aim to bring commercial space flight to the masses. Its first commercial …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 9-13, 2023”
By Kuldip K. Ambastha On Thursday, January 5, 2023, the stock of NovoCure Limited (NVCR), an oncology company, rose by +68.5% for the trading day. The LUNAR study has shown that a medical device developed by NovoCure is able to improve, in a statistically significant way, the prospect of survival for people with late-stage lung …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 3-6, 2023”
By Kuldip K. Ambastha On the trading day of Thursday, December 29, 2022, the stock price of Cal-Maine Foods, Inc. (CALM), a fresh egg producer, fell by -14.5% per share. For the latest quarter, the company’s sales beat expectations while profits did not beat expectations. While egg demand and pricing per dozen eggs were strong, …
Continue reading “What Caught Our Attention in the Investment World? – Week of December 27-30, 2022”