Stocks in the S&P 500’s energy sector still have plenty of upside despite their 74% surge in the past 12 months, according to Jeff Buchbinder, chief equity strategist at LPL Financial. The strong ...
Tag: mergers
Alibaba, Nio stocks rally along with other Chinese names as SEC reaches audit deal with China
U.S-listed shares of Alibaba Group Holding Ltd. and Nio Inc. were among Chinese names trading higher in morning action Friday after the Securities and Exchange Commission announced that it has struck ...
Merck Looks Attractive, With or Without Seagen
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Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
AMC Stock Is Out of Whack With APE Shares. Jim Chanos Is Taking Advantage.
Text size AMC’s market capitalization is higher than it was before the pandemic slammed the theater industry. Justin Sullivan/Getty Images Legendary stock bear Jim Chanos has an arbitrage idea f...
Bed Bath & Beyond Clinches Loan Deal
Bed Bath & Beyond Inc. has found a financing source to shore up its liquidity as it tries to weather recent missteps, according to people familiar with the matter. The company on Tuesday told pros...
Tesla Cash Hoard Could Hit Half-Trillion by 2030. What That Money Could Do.
Text size Could Tesla really have $500 billion on its books at the end of 2030? One analysts believes its possible. Patrick T. Fallon/AFP via Getty Images Tesla ’s cumulative free cash flow could amou...
Warren Buffett’s Likely Successor Owns Little Stock in Berkshire Hathaway
Text size Greg Abel, center, during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in April. Dan Brouillette/Bloomberg Ownership of Berkshire Hathaway stock is a big part o...
Warren Buffett’s Berkshire Hathaway Cleared to Buy as Much as Half of Occidental’s Shares
Warren Buffett’s Berkshire Hathaway has the green light from regulators to purchase as much as 50% of Occidental Petroleum Corp.’s shares, after seeking approval for such a transaction in July. In a r...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
GM Reinstates Dividend. Ford’s Yield Is Higher.
Text size GM stock was rising after the auto maker said it was reinstating its dividend. Bill Pugliano/Getty Images American automotive giant General Motors is returning capital to shareholders again—...
Bill Gates Is Ecolab’s Largest Shareholder. He Just Scooped Up More Shares.
Text size Microsoft co-founder Bill Gates has been buying shares of Ecolab. Leon Neal/WPA Pool /Getty Images Ecolab ’s largest shareholder, Microsoft co-founder Bill Gates, bought more shares of the p...
Ryan Cohen Dumped Bed Bath & Beyond Stock. Is the Meme Trade Over?
Text size Ryan Cohen sold his entire stake in Bed Bath & Beyond. Justin Sullivan/Getty Images So much for diamond hands. Ryan Cohen, meme stock cheerleader extraordinaire, just did something that ...
Berkshire Hathaway Can Acquire Up to 50% of Occidental Petroleum, Filing Says
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
Ryan Cohen’s RC Ventures Sells Entire Stake in Bed Bath & Beyond
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Ryan Cohen Signals Intent to Sell Bed Bath & Beyond Stake
Text size Activist investor Ryan Cohen, pictured here, signaled in a regulatory filing his intent to sell a stake in Bed Bath & Beyond. C.M. Guerrero/Miami Herald/TNS/Alamy Live News Bed Bath &...
Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy
Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while ann...
Endo International Files for Bankruptcy to Weather Opioid Lawsuits
Endo International PLC became the latest pharmaceutical company to file for bankruptcy under the weight of lawsuits alleging it played a role in fueling the opioid crisis. The drugmaker, domiciled in ...
Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.
Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.26% ...
Nvidia Stock Sees Price Targets Lowered After Results
Text size Nvidia stock has declined by about 40% this year. Justin Sullivan/Getty Images Wall Street analysts aren’t ready to give up on Nvidia yet—even after the company has reduced its outlook versu...