Tag Archives: losses

AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link

Stock futures opened slightly higher Monday evening, steadying after steep regular-session losses in the S&P 500 and Nasdaq.  During the regular session, the S&P 500 fell for a fifth straight day for its longest losing streak since February 2020, and the Nasdaq posted its worst day in a month as investors rotated away from growth and tech stocks. Shares of airlines, cruise lines, lodging companies and other service-based beneficiaries of a post-pandemic economic reopening rallied strongly,… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could Rally Over 100% Bank of America has a strong reputation for keeping finger on the pulse of the financial world – and one of its key tools is the Global Fund Manager Survey, conducted monthly and seeking opinions from more than 200 hedge fund, mutual fund, and pension fund managers who hold a combined $645 billion in AUM. It’s the largest regularly conducted survey of its kind. And BofA most recent findings show that Big Money is feeling… Source link

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

Stocks rose, recovering some losses after last week’s selloff. The S&P 500 gained nearly 1%, after closing out last week with a 3.3% weekly loss for its worst since October. The information technology and consumer discretionary sectors led advances, while energy and consumer staples lagged. The Nasdaq outperformed as tech shares jumped, and the Dow also rose slightly. Other asset classes performed even more strongly, fueled by a crowd of retail investors piling en masse into names… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

TipRanks These 2 Penny Stocks Are Poised to Go Boom, Say Analysts Wall Street has mixed feelings about penny stocks. These tickers changing hands for less than $5 per share either draw investors in with their high return potential or send them running for the hills, but why?When we say high return potential, we aren’t exaggerating. The bargain price points allow investors to snap up more shares than possible when investing in other more well-known names. What’s more, even what feels like… Source link

Google’s UK-based artificial intelligence unit DeepMind lost half a billion pounds last year, a similar figure to 2018, and its parent company Alphabet wrote off a further £1.1bn in debt, according to its latest accounts. The figures underline the huge investment that Google continues to make in the London-based AI team that it acquired in 2014 for about £400m, with the most talented machine-learning researchers able to command huge salaries. DeepMind’s revenues,… Source link

Stocks rose Tuesday as more updates on the stimulus front out of Washington helped at least temporarily offset concerns over the potential for more virus-related restrictions. The S&P 500 increased by about 0.7% around noon in New York, after the index logged a fourth straight session of declines a day earlier. The Dow rose more than 150 points, or 0.6%, and the Nasdaq increased 0.5%. COVID-19 cases and hospitalizations continued to march higher across the U.S., and the country crossed the… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by Over 80% We’re a little over one week past the Presidential election, and the market reaction shows that that investors are pleased. While the election margins were razor thin, the will of the voters came through: they rejected Donald Trump, and his brash, in-your-face style, but they also rejected the Democratic Party on policy; the Dems lost seats in the House, will likely not take control of the Senate, and also lost ground at… Source link