Moderna Deal Sends Generation Bio Shares 34% Higher…Should You Take a Chance on This Stock?
Last week Moderna (MRNA) announced a licensing deal with Generation Bio that they hope will allow them to overcome the losses they’re facing now that the COVID-19 pandemic has come and gone. And as a result of this deal, Generation Bio (GBIO) gained 34% in the past week of trading. The partnership will have Generation Bio developing treatments for [...]
First Citizens Bank Shoots up 50%+ After Acquiring the Bulk of SVB – is it Too Late to Buy FCNCA?
Last Tuesday (March 21st) we wrote about the rumors that First Citizens Bank (FCNCA) had thrown its own bid in the mix for the failed Silicon Valley Bank (SVB). And today, those rumors proved true as the US FDIC has announced a deal that will have First Citizens Bank purchase SVB’s deposits and loans at a steep discount. First [...]
Perion Network Ltd. Powers Ahead With Robust Earnings Growth
Perion (PERI:Nasdaq) is a global technology innovator headquartered in Holon, Israel. It operates in the digital advertising space across three pillars—ad research, social media and display/video/CTV products and services. The company was founded in 1999, employs 500 individuals, and maintains nine offices in Tel Aviv, Paris, New York, London, Chicago, Boston, Kiev, Barcelona, and Seattle. Some of the company’s [...]
JPMorgan Still Optimistic About Netflix Despite User Grievances with Shared Password Prohibition
JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly 4% since the company's fourth-quarter [...]
Ford Falls After Admitting EV Business is Years From Profitability – Plus, 3 Other Issues We See
Ford had climbed nearly 5% in the past week before yesterday's announcement, in which the company admitted that profitability from the EV business is years down the road. This sent shares back down where they came from - and has investors wondering if it’s worth holding on much longer. In Thursday’s statement, CFO John Lawler spoke about these losses [...]
Block Shares Tank 13% After Claims of Fraud: Should You Weather the Storm or Cut Losses?
Block (SQ) shares tanked as much as 20% in Thursday morning’s trading session before bouncing back up to around a 13% loss. This all came as a notorious short seller - Hindenburg Research - finalized its “2-year investigation” into the company and uncovered alarming findings. Hindenburg claims that Block is complicit in criminal activity, allowing unbanked users to leverage [...]
