Global markets have been on shaky ground for the past several months, but since the end of last week, flashbacks to 2008 have become more frequent. The Dow Jones Industrials fell 560 points on Friday, marking one of the worst […]
Author: Matt Rego
World Acceptance Corp (WRLD) Downgraded After Poor Earnings
A popular short bet is likely paying off for some hedge funds. Yesterday, World Acceptance Corp released their fiscal first quarter earnings that showed core earnings per share come in at $2.44, on revenue of $137.2 million. Wall Street consensus […]
Cowen Downgrades Apple Inc. (AAPL), Cites China Struggles
Shares of Apple are down -7% in premarket trading Wednesday after poor earnings led Cowen analysts to downgrade the stock. During Apple’s third quarter 2015, Apple reported earnings per share of $1.85 on revenue of $49.6 billion. Analysts were forecasting […]
BTIG Raises Facebook Inc (FB) Price Target To $117
Shares of Facebook are up around 1% in premarket trading Tuesday, after BTIG released an updated equity research view of the company. BTIG maintains their “Buy” rating for Facebook, but increased its price target to $117.00, implying nearly 23% in […]
PayPal Holdings (PYPLV) Gets A Buy From BMO
By: Matt Rego This morning, BMO Capital Markets released a new report that initiated coverage on PayPal Holdings (PYPLV) . Formerly a part of eBay, PayPal was spun off on July 16, 2015 to form a separate company. While there may […]
With Eyes On China, Japan Loosens Restrictions On Its Military
Japan has always been a nation with a rich culture and history. Unfortunately, Japan began taking an imperial stance after 1854, when the Japanese forcibly opened their nation to foreign trade at the hands of US Commodore Matthew Perry. Once […]
Europe Equity Analysts Least Bullish Since 1995: Barclays
Europe has been having a rough go lately. The continued multi-year Greek disaster continues to get worse and continues to cost other European countries, such as Germany, a lot of money that they are tired of handing out. While new […]
SEC Charges Luca International With Alleged $68M Ponzi Scheme
Today, the SEC announced that they have brought charges against Luca International, an oil and gas company that operates in the Bay Area, California. Government regulators allege that the company was operating as a Ponzi-like scheme and affinity fraud that […]
Saudi Arabia Plans $10 Billion Investment In Russia
Saudi Arabia and Russia announced a deal that entails a $10 billion investment from the Public Investment Fund of Saudi Arabia (PIF) to be invested with the Russian Direct Investment Fund (RDIF) and various projects within Russia’s borders. CEO of […]
US IPO Activity Slowed During First Half 2015
US IPO activities during the first quarter were quite dismal and while activity did pick up during the second quarter, overall IPO activity is down during the first half of 2015 when compared to the first half of 2014. So […]