At the end of October, the value investor Mohnish Pabrai gave a presentation and took part in a Q&A session at Boston College and Harvard Business School on the Uber Cannibal Investor Framework, which he has developed over the past decade. Uber Cannibals are the businesses "eating themselves by buying back their stock," the value […] Read More
Ford said Thursday it would invest $180 million to transition a U.K. factory away from internal combustion engines and toward EV power systems. It's currently focusing its AI efforts on driver-assisted technologies, rather than self-driving vehicles. Ford, along with other automakers, reports November sales on Friday, with industry analysts expecting numbers to come in flat. […] Read More
Okta beat estimates in the latest earnings report (Nov 30) Trading volume increased 600% in that day but has since settled Share value is up, though earnings are still negative Sector is down, overall, so Okta has an opportunity to make up some ground For now, Okta still has a HOLD rating After releasing an […] Read More
ZIM Integrated Shipping Services is an example of what's befallen the shipping industry: Shares are down 33.58% in the past three months and down 17.48% year-to-date. The shipping industry as a whole is in a slump, largely due to continued lockdowns in China. Despite continued price declines, analysts have a rating of "hold" on ZIM. […] Read More
Another activist, Hudson Bay Capital, recently upped its stake in Alpha Fintel reports that Continental General Insurance Co has filed a 13D form with the SEC disclosing ownership of 1,379,088 shares of Alpha Metallurgical Resources Inc (NYSE:AMR). This represents 8.6% of the company. Q3 2022 hedge fund letters, conferences and more Find A Qualified […] Read More
It has been a wild ride lately for the Nasdaq, with Thanksgiving, Black Friday, China's Covid-19 crisis, and Powell's interest rate speech driving peaks and dips for the benchmark stock market. But where is it headed next? "It seems like there is a rollercoaster of volatility right now within the US stock market" comments CMC […] Read More
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