Month: May 2020

No Picture
Trading Ideas

J.C. Penney Bankruptcy May Not Buy Enough Time

May 16, 2020 admin Comments Off on J.C. Penney Bankruptcy May Not Buy Enough Time

(Bloomberg Opinion) — When research firm GlobalData surveyed Americans on which stores they were most looking forward to visiting once the Covid-19 pandemic subsided, one household name came out near the bottom, and well below its department-store peers: J.C. Penney. That helps to explain Friday’s late news that the retailer — which began life in 1902 as a store called The Golden Rule — filed for bankruptcy protection. Pushed to the brink by the coronavirus shutdowns, J.C. Penney Co. was seemingly left with no other choice. But years of struggle and strategic missteps had laid the groundwork.After securing $900 million …read more […]

No Picture
Trading Ideas

Kingsoft IPO: Stock Successfully Launches on the Nasdaq

May 16, 2020 admin Comments Off on Kingsoft IPO: Stock Successfully Launches on the Nasdaq

The Kingsoft IPO recently hit the market. Kingsoft Cloud (Nasdaq: KC) is the first Chinese company to go public since the Luckin Coffee scandal in April. But even though investors are wary of Chinese companies, the launch of Kingsoft stock was successful.
So, should you invest in Kingsoft Cloud? Here’s what we know…
Kingsoft IPO: The Business

Founded in 2012, Kingsoft Cloud is China’s largest independent cloud service provider. And overall, it’s the third largest provider with a market share of 5.4%. Its main competitors are Alibaba (NYSE: BABA) and Tencent (OTCMKTS: TCEHY). But Kingsoft believes it has a leading position as global …read more […]