Dow Jones Index Volatility – Week of June 8 – 12, 2020

By Kuldip K. Ambastha The Dow Jones Industrial Average (DJIA) had a volatile ride this past week, due to several factors. Comments from Jerome Powell (the Chair of the U.S. Federal Reserve), GDP forecasting, unemployment rate (and jobless claims) data, and coronavirus pandemic data all played their own significant parts in the DJIA activity. The …

What Caught Our Attention in the Investment World? – Week of March 13-17, 2023

By Kuldip K. Ambastha Per the table above, the stock price of First Republic Bank (FRC), a financial institution, had a bumpy ride with three negative and two positive daily returns seen during the trading week. In the recent past, financial institutions have come under investor skepticism related to balance sheet exposures, non-diversified client bases, …

What Caught Our Attention in the Investment World? – Week of February 27-March 3, 2023

By Kuldip K. Ambastha On Friday, March 3, 2023, the stock price of Samsara Inc. (IOT), an American Internet of Things (IoT) company focused on the industrial sector, surged by +15.4% per share. From the perspective of revenues, the latest quarter and full-year figures disclosed came in higher than Wall Street expected. Samsara has seen …

What Caught Our Attention in the Investment World? – Week of February 13-17, 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 …

What Caught Our Attention in the Investment World? – Week of January 30-February 3, 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. …

What Caught Our Attention in the Investment World? – Week of January 23-27, 2023

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 …

What Caught Our Attention in the Investment World? – Week of January 17-20, 2023

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 …

What Caught Our Attention in the Investment World? – Week of January 9-13, 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 …

What Caught Our Attention in the Investment World? – Week of January 3-6, 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 …

What Caught Our Attention in the Investment World? – Week of December 27-30, 2022

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, …