Recently, Michael Burry - manager of Scion Asset Management - unveiled new stakes in 7 different companies. The famed investor pointed toward a looming economic downturn for the year ahead just a few months ago - and he feels these companies still have the opportunity for growth. Today, we’re taking a look at one [...]
Monday morning’s trading session was not a pleasant one for DexCom (DXCM) or its investors. Shares of the medical device manufacturing company fell 8% by 12PM EST with no signs of slowing down. But what happened to cause this slip? It wasn’t necessarily anything DexCom did or didn’t do. Rather, close competitor Abbott Laboratories [...]
Last week, the stock market had its worst week in 2023 down about 2-3% depending upon the index selected, but Lantheus Holdings, Inc. (Nasdaq:LNTH) stock price jumped 21.3%. That was because its worldwide revenues for the fourth quarter and full year 2022, accelerated 103.1% and 119.9%, respectively, over prior year periods. Although not a [...]
Silvergate (SI) experienced an abysmal day of trading Thursday after announcing on Wednesday that its annual report is going to be delayed further than expected - after already announcing they’ll miss the deadline of March 16. The bank has had as brutal a year as one can imagine, with shares falling an astounding 96% [...]
Salesforce (CRM) delivered its 4th quarter earnings yesterday after trading hours, and the stock is up 12% so far in Thursday’s session. The company’s cost-cutting efforts are starting to pay off in a major way. Revenue itself soared 14% up to $8.38 billion, but what really has investors and analysts excited is profitability. The [...]
Early Wednesday, Lowes (LOW) reported its fiscal fourth-quarter earnings - which left much to be desired. The company missed revenue estimates and took a step back in profit. And to make matters worse, the company expects 2023 to be a step backward. While Wall Street was expecting revenue of $22.69 billion, Lowes came up [...]
Dr. DiLiddo may be retired, but he’s not done sharing his wisdom. I don’t believe that he’ll ever retire from sharing his insights and expertise in an effort to help individual investors, like you and me, make money in the stock market. His most recent brainchild, The Seven Deadly Sins of Investing, is one [...]
Over the weekend, Union Pacific (UNP) announced that the current CEO Lance Fritz is on his way out, and a leadership change will come by the end of the year. While the railroad company just delivered an impressive Q4 profit, a hedge fund that controls a $1.6b stake in the company publicly lambasted Fritz [...]
As Pfizer’s sales continue to struggle, they’ve turned to acquisitions as a means of making up for lost revenue. And one company they have their eye on is Seagen - a cancer drugmaker with a market cap of roughly $30 billion. Last year, Seagen was rumored to be acquired by Merck. This deal could [...]
Carvana (CVNA) reported fourth-quarter and full-year 2022 results on Friday. Shares fell more than 21% after the announcement. In its annual report, the company registered a more profound deficit for 2022 and an overall decrease of 3% in vehicles sold to customers compared to 2021. Furthermore, the integration of Adesa's car auction business adversely [...]
