SunBizNews Business and Market News for Tuesday, 1 Sep 20

Robinhood, Vanguard and E-Trade report glitches on huge trading day yesterday

$SPOT $AAPL Spotify & Apple Music have new competition in SouthEast Asia: ByteDance, owner of Tik-Tok, has a successful music streaming software called Resso which just launched in India and Indonesia.

$AAPL  Bloomberg says Apple preparing to build 75 Million 5G iPhones later this year

$CRWD  RBC Capital raised its price target on CrowdStrike Friday to $120. Yesterday, Barclays seconded that emotion -- with a hike to $130 a share.

$CRWD  Hypercharts for Crowdstrike tell the story

$BYND $CSX $HR $HTA $PINC $WF were all UPGRADED yesterday, Monday, 31 Aug 20

$BYND	Beyond Meat	Citigroup	Sell → Neutral	$141
$CSX	CSX	Stephens	Equal-Weight → Overweight	$93
$HR	HR	Raymond James	Outperform → Strong Buy	$35
$HTA	HTA	Raymond James	Mkt Perform → Outperform	$29
$PINC	PINC	Guggenheim	Neutral → Buy	$37
$WF	WF	Daiwa Securities	Neutral → Outperform

$AMZN $WMT  "Walmart+" to go up against Amazon Prime with free delivery and gas discounts!

$PINS Hedgefund interest in Pinterest is skyrocketing  

$DNKG  51% increase in hedge fun buying in Draft Kings supports this recent IPO 

$T  AT&T's purchase of DirectTV has not worked out and it is now trying to sell off half of the investment, to Apollo or Dish Networks

$MCD 52 Black Ex-franchisees of McDonald's Sue for $1 Billion on Racial Discrimination Allegations

SunBizNews Business and Market News for Monday, 31 Aug 20

$ZM and $RXT reported earnings after the bell. One blasted off to another galaxy, the other faded, then made a decent comeback. Both were breakouts on the day before earnings at #PeregrineBreakout on Twitter and now amalgamated as a PublicChartlist on stockcharts website. Hit here to see all the breakouts I am following.

$ZM How great was Zoom's Earnings Smash? Motley Fool's Eric Volkman said, "Those earnings were so far above analyst projections that they're hardly in the same galaxy."

$RXT just had 9 analysts initiate coverage yesterday with price targets higher than the day's close. In post-market action, during the 1st Earnings Report for this new IPO, the stock swooned but made a nice comeback. Here's my quick tips writeup.

SunBizNews for Saturday, 29 Aug 20

$NIO Why Nio blasted off this week: former bear analyst upgraded the company and raised the Price Target 1500%

$IPO $BIGC $WMG $ZI $CLOU Barrons: There are 490 pre-IPO Unicorns worth a market cap of $1 Billion or more, stacking up like kindling; there are just shy of 2,000 companies trading on the Nasdaq or the New York Stock Exchange with valuations above $1 billion.

$SBUX   Starbucks analyst upgrade, plus stores shaking off the COVID slump, percolates the stock

$CGC Canopy Growth pushes into the Calgary market and opens their first 10 dispensaries in the province

$XPEV Alibaba-Backed EV Maker Xpeng Shoots Up 41% On NYSE Debut After $1.5B IPO

Fulgent, Fluidigm Collapse on new Abbot Labs COVID-19 Test Competition                  $FLGT $FLDM $ABT

SubBizNews Business & Market News for Saturday, 22 Aug 20

$TGT  Zack's rates Target a 1 (Strong Buy) due to in store growth, and explosive triple-digits curbside and online growth

SunBizNews Business & Market News for Friday, 21 Aug 20

$CWH CEO Marcus Lemonis of Camping World continues to buy his company's shares

$CWH Camping World Declares Regular and Special Dividend

$FPAC the SPAC is now back on track for a $2.6 Billion merger with Global Blue come Monday, 24 Aug 20

SunBizNews Business & Market News for Thursday, 20 Aug 20

$LB beats on earnings and revenue while restructuring the business. Up 4% in pre-market, here is Peregrine Trader's reason for establishing a new position in this turnaround. 

$ZM $FB $AMZN $GOOGL Zoom To Be Available On Facebook, Amazon, Google Smart Displays By Year-End

SunBizNews Stock Market News for Wendesday,19 Aug 20

$TGT CEO Brian Cornell on Target's blowout quarter this morning: "The results Target reported this morning are truly unprecedented - a testament to our team and their passion for our guests, and the increasing trust guests are placing in our brand."

$SHOP Will SaaS Companies Become Banks?

$WKHS $HCAC $SHLL $DPHC $SPAQ $LI $NIO $TSLA  The EV Race Adds More Names Through SPACS and IPOS.

SunBizNews for Business and Markets on Tuesday, 18 Aug 20

$AMZN $MELI $SE  The Street's Eric Jhonsa (a must-follow on Twitter) says: 

$IBM enters the 7nm chip space, Samsung to manufacture the chips for Big Blue

SunBizNews Business & Market News for Monday, 17 Aug 20

$ZNGA $HNI $MTCH Motley Foll names 3 Millenial Focused Stocks ready for a bull run

$FLGT  Fulgent Genetics opens pop-up lab in Houston, raises revenue guidance from $120 Million to $135 Million

$TSLA   Registrations for China made Teslas are off -24% in July compared to June

$TSLA   Another Tesla competitor with longer range battery, Lucid Motors, reveals its first car on Sep. 9

SunBizNews Business & Market News for Friday, 14 Aug 20

$PRPL    Purple reports EARNINGS BEAT of 145% while REVENUE GROWTH hits 60.3%

SunBizNews Business & Market News for Thursday, 13 Aug 20

$AMZN  $CHWY  $ETSY  $W   Motley Fool: 3 Hot Stocks Beating Amazon at Its Own Game

$AAPL $AMZN $PTON $NKE  Apple's new Apple One Service begins in October, takes aim at Amazon's Prime & Peloton's and Nike's Virtual Fitness Services

$AZPN  Aspen Technologies earnings BEAT leads to 26% rise in yesterday's post-market

$DKNG  With $1.1 Billion cash balance on hand, Draftkings can wait out a 4.5 year sports hiatus - due to pandemic - if needs be

Business & Market News for Wednesday, 12 Aug 20

$IEP  Carl Icahn Scores $1.3 Billion Windfall on Bet Against Shopping Malls

$CBAY $IFRX $FPRX $SRRA  These four small-cap biotechs are sitting on mounds of cash

$DNKG  There won't be any Draftkings betting on Pac 10 or Big Ten football this autumn as football season is canceled

$MRNA   The US Government orders  100,000,000 doses of Moderna's vaccine for $1.5 Billion

Business & Market News for Tuesday, 11 Aug 20

$JETS  the etf  for the airline industry closed up + 4.80% yesterday as more than 800,000 people passed through U.S. airport checkpoints Sunday, the highest since mid-March.

 

Business & Market News for Monday, 10 August 20

$MELI  MercadoLibre huge beats on earnings and revenues estimates. Revenue growth of 61.1% yoy

$MELI  Transcript of MercadoLibre Conference Call by Motley Fool

$FDX Bernstein Upgrades FedEx from Hold to BUY with $225 Price Target

$FDX  Twitter thread: Chart, upgrade, 10 reasons to buy from Barron's and hiring 1,200 employees in St. Louis

$QCOM wants to sell chips to Huawei, petitions Trump administration

$TDOC $LVGO   Richard Chu is now bullish on the merger

Business & Market News for Thursday, 6 Aug 20

"In a flash, the world changed." Reuters graphical remembrance of the 75th Anniversary of Hiroshima
$ZNGA Earnings Miss, Revenue Beat, Revenues Grow 47.4% yoy, Acquisitions and Ad Revenue Working, Spending to grow in mobile. Stock Up 10% in post-market.

$FSLY  drops 14% in after-market last night on strong earnings: too much reliance on tik tok biz? 

Rock's $FSLY Cheat Sheet thread on Twitter
$SLP  Simulation Plus announces $100 Million secondary to finance mergers and acquisitions

$ALK   Alaska Airlines gets tougher with its "No Mask, No Fly" rules. Terminal, tarmac, on the plane, take your mask off they will ban you for life from flying them again.

Business & Market News for Wednesday, 5 Aug 20

$WKHS  $NKLA  The Street's chartist asks, "Can Workhorse and Nikola keep plowing ahead?"

$SHOP  $BIGC   Strong demand for Shopify competitor's IPO: BigCommerce Holdings

$WMT  Walmart Unveils Drive-In Movie Plans on Dedicated Website . . . can't be good for $AMC $CNK and $IMAX

$TWLO  Twilio price targets raised after 'solid' Q2 results

Robots are meticulous janitors and disinfectors

$LLY  National Institute of Health and Eli Lily to test a passive antibody (not vaccine) to prevent COVID-19 in nursing home patients

$HUM   Humana just reported Earnings and Revenue BEATs

$LVGO $TDOC Teladoc Health and Livongo Announce Merger

$BYND  Widening Earnings losses for Beyond Meat announced in after-market

$SPY $IWM $DIA $QQQ $XRT $SMH $IYT $IBB $KRT   Regional Banks ETF lags markets, retail,  semiconductors, biotechnology and transportation ETF. Here are 3 possibilities how this plays out and what this might be telling us . . . 

Terbine offers new subscription service for global 30,000 data feeds of IoT

Business & Market News for Tuesday 4 Aug 20

$MRO Marathon Oil Sells Speedway to 7-11 for $21 Billion Cash

$MSFT  $AMZN  $GOOGL  $IBM  $LCRX $XLNX  $TSM What investors need to know about Quantum Computing thusfar can be learned from Microsoft's Helmut Katzgraber, Quantum Principal Research Manager

MIT's 10 Breakthrough Technologies for 2020

$DPHC  Electric pickup truck maker Lordstown Motors merges with DiamondPeak Holdings Company and new SPAC will eventually trade under symbol $RIDE

Two different approaches: How Italy and Sweden are avoiding resurgences of COVID-19

The Top Food Franchises of 2020 by Category