Month: January 2022

The video game console wars are closely followed by gamers worldwide. Though the financial aspect is often lost in the noise surrounding it, profitability is the most important metric that a company looks for in the end. The war for top-selling video consoles has expanded from merely selling consoles to offering online access and subscription-based services. The battle for
0 Comments
(Click here to subscribe to the new Delivering Alpha newsletter.) On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed amid a trading frenzy brought on by retail investors swapping stock tips — and related memes — on social media.  Professional investors also got
0 Comments
Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. General Electric — Shares fell more than 6% after the company missed revenue estimates for the fiscal fourth quarter. The conglomerate reported 92 cents in adjusted earnings per share on $20.3 billion in revenue. Analysts surveyed by Refinitiv were
0 Comments
AT&T’s (NYSE:T) latest quarterly results did not inspire confidence. Shares of the world’s biggest telecommunications company fell 10% following the latest financial results that showed a further decline in the company’s wireless business. T stock opened at $24.06 on Jan. 27. Source: Jonathan Weiss/Shutterstock That AT&T’s streaming platform, HBO Max, performed better than expected in
0 Comments
Kohl’s (NYSE:KSS) stock surged 35% after getting a buyout offer from Starboard Value at $64/share, with other hedge fund and private equity groups reportedly circling. Source: Sundry Photography/Shutterstock.com Shares are trading January 28 at over $60.50, a market cap of $8.27 billion. Shares ended the previous week below $47. Analysts were going on TV to
0 Comments
Opendoor Technologies (NASDAQ:OPEN) stock is not in a good place, which is a little hard to understand. Source: PREMIO STOCK/Shutterstock.com The company is tied to a win-win platform with the iBuyer business model, the mechanism that enables it to buy homes quickly for subsequent flipping. It was essentially real estate agent-free. The iBuyer model undergirding OPEN
0 Comments