Torchlight Energy Resources and TRCH stock are now history. How so? Well, the company recently merged with Metamaterials to form the new Meta Materials (NASDAQ:MMAT) stock. Source: Shutterstock However, it’s not as simple as that. Rather, TRCH stock has made a lot of news lately and moved way too fast. Further, the mix of news
It’s been a wild month for investors in the company formerly known as Torchlight Energy. Torchlight traded as TRCH stock and sought to develop its Hazel property into a major oil play. Source: FreezeFrames / Shutterstock.com However, Hazel didn’t end up striking it rich, and Torchlight looked to exit the oil and gas business. Instead,
Key Takeaways Apple’s services revenue surpassed analyst estimates. Profit margins on the company’s services revenue are much larger than on revenue generated through product sales. iPhone sales rose 49.8% compared to the year-ago quarter. Source: Predictions based on analysts’ consensus from Visible Alpha Apple (AAPL) Financial Results: Analysis Apple Inc. (AAPL) reported Q3 FY 2021 earnings
Guardian Fund, a Dutch-based investment fund, had good things to say about Palantir Technologies (NYSE:PLTR) in its first-quarter 2021 report. The fund believes Palantir is “one of the more important global software companies.” Additionally, it noted the company has invested more than $200 million in eight companies that could pay big dividends in the future.
SoFi Technologies (NASDAQ:SOFI) had been turning heads ever since it was announced as a merger target for Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. Source: rafapress / Shutterstock.com The newly public fintech platform plans to evolve into a full-stack ecosystem that effectively caters to the financial needs of the younger generation. The company’s digital
It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi? Uber Technologies (NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019. Source: TY Lim / Shutterstock.com More than
Preston Pysh, Greg Foss and David Collum have a debate and discussion about many of the topics and concerns around Bitcoin. IN THIS EPISODE, YOU’LL LEARN: 00:00:00 – Intro 00:03:32 – Thoughts on the current bull market in bonds despite high inflation 00:08:01 – How David Collum views markets moving forward in the next ten
(Click here to subscribe to the new Delivering Alpha newsletter.) For more than a decade, the stock market has been shrinking, thanks to share buybacks, leveraged buyouts, cash-based M&A and bankruptcies. That’s all changed recently with the massive supply of IPOs — both of traditional companies as well as SPACs. Patrick Healy, CEO of private equity firm
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time highs. So far
Omar Marques | LightRocket | Getty Images In typical Robinhood fashion, the stock trading app hosted an unconventional virtual roadshow on Saturday. Rather than holding the event behind doors among investment bankers and hedge funds, as is typical, the event was democratized as Robinhood management fielded questions from everyday investors. Robinhood is seeking a market valuation
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Blue Origin founder Jeff Bezos on Monday offered to cover billions of dollars of
In this article HON TWTR INTC SAM SNAP Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California. Getty Images Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
In this article TME HAS PKI LMT OTIS AMZN Check out the companies making headlines before the bell: Hasbro (HAS) – The toymaker reported adjusted quarterly earnings of $1.05 per share, well above the 47 cents consensus estimate, with revenue beating forecasts as well. Hasbro saw its film and tv-related businesses return to growth following
In this article TSLA ZM TAL CHKP HAS Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Hasbro — Shares of the toymaker soared more than 12% after beating on the
Lucid Motors (NASDAQ:LCID) makes its grand debut as a public company today. LCID stock is trading on the Nasdaq after its special purpose acquisition company (SPAC) merger with Churchill Capital IV (NYSE:CCIV) closed. When it comes to Lucid, we believe we’re only in the top of the first inning of a very promising long-term growth narrative.
Chipmaker Advanced Micro Devices (NASDAQ:AMD), better known as AMD, has been on a roll this year. The company is well-positioned for future market share gains as its diverse product array drives growth in its business. And despite its stellar fundamentals and future outlook, AMD stock trades at a considerable discount to its peers. Source: Sundry
Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2021 contest. As cliché as it sounds, it’s been a very interesting start to the year over the past six months. Looking back on the first half of 2021, we continued to see a strong market response to 2020’s pandemic-driven ride. In terms of the
Penn National Gaming (NASDAQ:PENN) produced excellent results for the first quarter, showing that the casino gaming company is now producing free cash flow (FCF). As a result, PENN stock is likely to move significantly higher once the market sees it generate large amounts of cash. Source: Casimiro PT / Shutterstock.com Penn National Gaming has 42
The S&P 500 index lost 1.5% last week from peak to trough, as investors became more cautious. With the index up 16% year-to-date and 34% over the last 12 months, some profit-taking isn’t unreasonable. For the most part, investors have bought the dips recently more often than not in everything from tech to dividend stocks.