A classic “descending triangle” pattern has formed on the chart of Tesla, Inc. It has bearish implications and suggests shares may trade lower. Over the past month, buyers of Tesla stock have been complacent. They’ve held their ground and patiently waited around $1,000. This turned it into a support level. At the same time, the…
Goldman Sachs Sees 21 Percent Upside in Jamf, Courtesy Apple
Goldman Sachs analyst Brian Essex assumed coverage of Jamf Holding Corp (JAMF) with a Buy rating and $38 price target, implying a 21 percent upside. The stock’s recent pullback presents a buying opportunity, Essex tells investors in a research note. The analyst says Jamf has established itself as a “leading Apple Inc (AAPL) native enterprise”…
Rogers Communications Raises C$2 Billion via Private Debt Offering
Rogers Communications Inc (RCI) priced C$2 billion 5.0 percent fixed-to-fixed rate subordinated notes due 2081 in a private Canadian offering. The net proceeds from the note issue will be C$1.98 billion. RCI will utilize the proceeds to fund a portion of the cash investment required to acquire the 3500 MHz spectrum licenses awarded following the…
Ciena Clocks 26 Percent Revenue Growth in Q4, Beats Consensus; Plans Share Buyback up to $1 Billion
Ciena Corp (CIEN) reported fourth-quarter FY21 revenue growth of 25.7 percent year-on-year to $1.04 billion, beating the consensus of $1.03 billion. Segments Total Networking Platforms revenue rose by 30.5 percent Y/Y to $828.8 million, and Total Global Services increased 7.6 percent Y/Y to $126.8 million. Margins The adjusted gross margin contracted 320 bps to 46.3…
London Stock Exchange Acquires Quantile
London Stock Exchange Group plc said on Monday it had acquired Quantile Group Limited to expand its range of Post Trade risk management solutions. Quantile is a provider of portfolio, margin, and capital optimisation services. LSEG has agreed to pay up to £274 million ($362 million) to Quantile’s shareholders. LSEG owns finanical data and analytics…
Bank of America Upgrades Square to Neutral
Bank of America analyst Jason Kupferberg upgraded Square Inc. to Neutral from Underperform with a price target of $221, up from $210, implying a 3.85 percent upside. The “deceleration risk” of the company’s Cash App business has been “more appropriately” priced in as the stock now trades 25 percent below August highs and 15 percent…
Here’s How Stocks Have Performed Under Fed Chair Jerome Powell, so Far
November 30, 2021
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For investors who took a break from the market during Thanksgiving week, one of the biggest Wall Street headlines they may have missed was President Joe Biden’s decision to renominate Federal Reserve Chairman Jerome Powell for a second term in the position as the Fed begins its post-COVID-19 pandemic tightening program. Stocks finished down last…
Is Walt Disney’s Stock Overvalued or Undervalued?
Walt Disney Co. shares have lagged the S&P 500 in 2021, generating a year-to-date loss of 18.5 percent. Disney stock has had a wild ride in recent years, but investors may be wondering whether there is any value in Disney shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of the most…
Risk Assets Sink as New COVID-19 Variant Fears Spark Rush to Safe Havens
November 26, 2021
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Overnight headlines about the emergence of a new COVID-19 variant in South Africa seem to have spooked investors, with a risk-off pulse sending global shares and U.S. stock futures tumbling, and safe-havens like U.S. Treasurys and gold benefiting from the outflows. Asia stocks outside Japan slid over 2 percent, Europe and U.S. stock futures are…
You Ask, We Analyze: Why Camber Energy Looks Headed For A Bullish Reversal
On Sunday evening, Benzinga asked its followers on Twitter what stock they’re buying at the open on Monday? From the replies, Benzinga selected one ticker for technical analysis. @tford3487, @TopherDouglas, @RayRehman96, @apmvpsportsline, and @dcooper1269 are buying Camber Energy, Inc. On Monday, Camber Energy announced it had received an extension to file its outstanding financial reports. The oil and natural gas producer now has until…
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