Thursday, September 23
Hot Stocks, NASDAQ:TEAM

Wait for a Pullback Before You Jump on TEAM Stock

Amid the Covid-19 pandemic, a series of work-from-home stocks have surged to all time highs against the backdrop of growing demand for remote work software. One such red-hot, work-from-home stock is Atlassian (NASDAQ:TEAM), the Australian enterprise software giant whose digital workflow management tools are considered by many to be mission-critical in a remote work environment. The chart speaks for itself. TEAM stock is up more than 60% year-to-date, and trades at fresh all time highs today. Source: flowgraph / Shutterstock.com Should you chase this big rally in TEAM stock? I'd be careful. Atlassian is a winning company. There's no doubt about it. The company's digital workflow management solutions will become increasingly mission-critical and ubiquitous over the next dec...
PAID

Why Covid-19 Won’t Stop the New Shadow Banks

Shadow banking isn’t what it used to be. The Covid-19 crisis, far from tripping it up, could help complete its transformation. Last week, investment giant Apollo Global Management announced the creation of a $12 billion platform that will make loans of around $1 billion. This is another early sign that “direct lending”—where funds take on the role of banks by extending loans directly to firms—is expanding beyond its middle-market niche toward funding big companies.... www.wsj.com
PAID

Netflix Can’t Afford a Weak Sequel

Netflix already proved itself a bona fide hit in a global pandemic. The streaming giant doesn’t have the luxury of putting up a dull second act, though. Having blown away Wall Street’s subscriber projections with its latest quarterly report in April, Netflix is under the gun to put up a strong repeat with its next report, slated for Thursday afternoon. The official consensus projection from FactSet largely matches Netflix’s official forecast for the addition of 7.5 million net new paid streaming subscribers in the second... www.wsj.com
News

Gaming giant Ubisoft sheds 2 executives amid huge uproar over sexual misconduct allegations

Two more executives have left Ubisoft following an investigation into sexual misconduct at the company, Ubisoft announced Sunday.Chief creative officer Serge Hascoët and the managing director of Ubisoft's Canadian branch Yannis Mallat have resigned, effective immediately.The company's global head of HR Cécile Cornet is also stepping down from her position, but remains at the company.Visit Business Insider's homepage for more stories. French games company Ubisoft on Saturday announced two more of its executives are leaving the company of sexual misconduct allegations and another is stepping down from her role, right after the company geared up for a big virtual event showing off its upcoming games.The company announced on Sunday its chief creative officer and s...
News

Oil prices fall with OPEC+ seen preparing to ease production curbs

Oil futures fell Monday as major oil producing countries were said to consider easing production curbs as global crude demand rebounds from the coronavirus pandemic. West Texas Intermediate crude for August delivery CL00, -1.85% CL.1, -1.85% on the New York Mercantile Exchange fell 75 cents, or 1.9%, to $39.80 a barrel. The global benchmark, September Brent crude BRN.1, -1.66% BRN00, -1.66%, was off 68 cents, or 1.6%, at $42.56 a barrel on ICE Europe. . The Wall Street Journal on Saturday reported that an alliance of crude producers led by Saudi Arabia was pushing the Organization of the Petroleum Exporting Countries and its allies to ease oil output curbs as planned beginning in Aug...
Domino’s Pizza Inc.
News

Domino’s Pizza Inc.

Domino's Pizza sees U.S. sales 'tailwind' from takeout, delivery during coronavirus Domino's Pizza Inc. said late Tuesday it saw a jump in U.S. sales between late March and mid-May as shutdown orders kept most U.S. residents at home in an effort to curb the spread of the coronavirus. Preliminary sales results from the first eight weeks of the second quarter showed a 14% increase in U.S. same-store sales, the company said in a business update. U.S. sales "accelerated materially" in the latter part of those eight weeks, Domino's said. "We are seeing a tailwind as consumer behavior across the...
News

Stocks up as market faces down latest hurdle: dismal profits

A man wearing a face mask to help curb the spread of the coronavirus stands near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, July 13, 2020. Asian shares rose Monday, cheered by recent upbeat projections on a global rebound tempered with worries about disappointment that could follow.(AP Photo/Eugene Hoshiko)A man wearing a face mask to help curb the spread of the coronavirus rides a bicycle near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, July 13, 2020. Asian shares rose Monday, cheered by recent upbeat projections on a global rebound tempered with worries about disappointment that could follow. (AP Photo/Eugene Hoshiko)A man wearing a face mask to help curb the spread of the coron...
NASDAQ:DKNG, Stocks to Buy

Play Long Game With DraftKings as Near-Term Virus Headwinds Linger

DraftKings (NASDAQ:DKNG) is the prime example of price action reflecting plenty of investor enthusiasm and hope. Since its April 24 IPO, DraftKings stock nearly doubled and that's the case despite a pullback of almost 27% from its previous high, one the name is still in the midst of. Source: Lori Butcher / Shutterstock.com Here's why DKNG stock is impressing in less than three months as public company, the pullback notwithstanding. Its bread and butter are daily fantasy sports (DFS) and sports betting, though online casinos are increasingly important part of the DraftKings investment thesis, too. More on that later. In a typical year, a sportsbook stock debuting in April would have been treated to the spoils of the early part of the Major League Baseball season as well as...
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PepsiCo Sales Fall, Driven by Beverage Segment

PepsiCo Inc. posted lower revenue for the latest quarter as it made less in its main beverage segment, though its snacks sales rose as Covid-19 shelter-in-place measures and closures eased during the period. The beverage giant on Monday said second-quarter sales fell 3.1% from the prior year to $15.95 billion. Analysts polled by FactSet were expecting $15.37 billion. Pepsi’s... www.wsj.com
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Don’t Buy an Oil Fund With an Identity Problem

Not so long ago, a lot of sophisticated funds were convinced about an investment that promised something for nothing. Owning commodities was supposed to give them diversification from stocks and bonds, steady returns and an occasional windfall. The strategy was a disaster, but Mom and Pop never got the memo and have kept plowing money into one of the worst commodity investments on the market, the now-infamous United States Oil Fund. Since its inception over 14 years ago, the fund has lost 95% of its value.... www.wsj.com