Overstock.com Wins Bed, Bath, and Beyond Bid, Jumps 22%: What Does it Mean for the Company?
According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, including patents, logos, corporate names, [...]
How to Buy the Dip: Meaning and Strategy to Earn Higher Trading Profits
Even for seasoned traders, investing can often feel like an expedition into the unknown. With market conditions shifting as unpredictably as ocean tides, it's understandable if you find yourself questioning whether you're navigating the waves or merely being swept along. For many investors, one phrase surfaces repeatedly, presenting itself as a lifeline to potentially secure higher trading profits: buy the [...]
FedEx Falls on Disappointing 4th Quarter Earnings – Cause for Concern, or is the Stock Still Strong?
FedEx (FDX) reported fiscal 4th quarter earnings on Tuesday, and while there were some positive highlights, much of the report was negative. As a result, shares fell more than 5% in extended trading. This was the company’s third consecutive quarter in a row of declining revenue, as sales fell more than 10% to just $21.93 billion. The guidance for [...]
Intel’s Chip Expansion Spells Uncertainty, Causing Shares to Fall: What Does This Mean For You?
The tech giant Intel (INTC) had a rocky Tuesday trading session, with its shares dipping by 3.8% to close at $35 each, thus making them the leading factor pulling the Dow Jones Industrial Average down. So far in Wednesday’s session, we’re seeing much of the same - as the stock is down more than 2% today. What’s causing all [...]
ETF Universe Is Vast and Expanding
by Leslie N. Masonson, MBA With an expanding ETF universe, investors and traders have almost an unlimited reservoir of possible alternative market exposure, much more so than with mutual funds which are much more restrictive in their offerings. ETFs follow a variety of strategies. Of all the ETFs, 831 (26.5%) were “actively” managed with AUM of $398 billion versus [...]
Alibaba Plays Leadership Musical Chairs, Leading to 5% Drop: 3 Other Issues We See With This Stock
This morning Alibaba (BABA) announced that they are playing musical chairs with the leadership group, as existing members within the company are swapping roles. All of this comes as the company works towards its restructuring goal of splitting the businesses into 6 distinct groups. Long-standing CEO and chairman Daniel Zhang is going to transition away from the role and [...]
