Month: September 2020

An Opendoor IPO is coming. Announced Tuesday, the leading online real estate buyer is going public via acquisition. It will bring Opendoor stock to the market in a direct listing.
But is Opendoor a good investment opportunity? Here’s what we know…
Opendoor IPO: The Business

Founded in 2014, Opendoor is an iBuyer, and it was the first of its kind. iBuyers are real estate companies that buy and sell through technology. Similar companies include Zillow, Offerpad and Redfin. The goal of these companies is to make the real estate market easier to navigate.
Founder and CEO Eric Wu said:
“We founded Opendoor to make it …read more […]

(Bloomberg) — Option traders are tempering bets that volatility will spike in the stock market immediately after the U.S. election. Instead, they’re boosting wagers that price swings will stay elevated at least one month after the vote, according to strategists at Goldman Sachs Group Inc.Options on the S&P 500 pointed to a 2.8% move on Nov. 4, the day after the presidential vote, down from an implied 3.2% swing seen in August, according to the bank’s analysis. What’s also shifting is the curve in futures tied to the CBOE Volatility Index. Specifically, VIX’s November contracts, which refer to volatility during …read more […]

Netflix is facing serious backlash following the release of the French coming-of-age film “Cuties” — and new data suggests it could be leading to cancellations on the platform. …read more […]

The Trump-TikTok saga touches on nearly every hot-button issue of our time. …read more […]

The U.S. Justice Department said on Friday it approved Anheuser-Busch’s plan to buy the shares of Craft Brew Alliance that it does not already own. The $220 million deal, which was announced in November, was approved on condition the companies sell Craft Brew Alliance’s Kona brand beer. The Portland-based CBA’s other brands include Appalachian Mountain Brewery, Cisco Brewers, Redhook Brewery and Widmer Brothers Brewing. …read more […]

Investors are gearing up for the year’s record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook. “I would expect next week to be similar,” said Monica Erickson, portfolio manager, global developed credit, at DoubleLine. The breakneck pace of fresh issuance illustrates how the Fed’s late March pledge to backstop credit markets and its policy of holding interest rates near zero have spurred borrowing by corporations this year. …read more […]

Tesla (TSLA) is planning its battery day for Sept. 22, and analysts and investors are looking forward to hearing what new developments the company has on it. The big topic of conversation lately has been a million-mile battery, but it may be too early for that technology. UBS analyst Patrick Hummel outlined in a report today […] …read more […]

There has been lots of talk this year of the COVID-19 benefits reaped by streaming services. As a result of the stay-at-home culture, OTT leader Roku (ROKU) has been a prime beneficiary, experiencing large account growth.But according to Rosenblatt analyst Mark Zgutowicz, Roku is particularly well placed to benefit from another trend: the move from linear to connected TV (CTV).Following discussions within OTT/CTV programmatic venues, the 5-star analyst notes there is clear indication “the demand picture for Roku will soon climb to new heights.” Zgutowicz believes the big 5 Ad agencies are “making a concerted effort to negotiate volume commitments …read more […]

“Big Pharma” doesn’t come much bigger than Pfizer (PFE). Although you could argue it is so big, the stock can hardly move. Shares are essentially trading for the same price as 3 years ago. Pfizer is also one of the leading names in the hunt for a COVID-19 vaccine. But unlike other names in the race to be first to market with a solution, the catalyst has had no bearing on the stock.However, after attending the company’s investor presentation, Mizuho analyst Vamil Divan believes the event “successfully illustrated how the company is evolving into a ‘New Pfizer.'”Pfizer has an extensive …read more […]

Editor’s Note: You’re invited to join us on Instagram!
Our new Trade of the Day Instagram account is screaming! As a quick refresher, we just launched an Instagram page, and all Trade of the Day members are invited to join. It’s totally free! Just go here and click “Follow.” (If you don’t already have an account, you’ll need to make one.) And that’s it! You’re in!
What you’ll get: Charts, videos, trade results, and even some funny and entertaining memes. It’ll be a great experience and will keep us all plugged in together – even on the go. So take a quick …read more […]

New owners, ABG and SPARC, are negotiating with former Brooks Brothers owner Claudio Del Vecchio on the lease of the flagship, while Michael Bastian is in the running to be the designer. …read more […]

SMITHS FALLS, ON and NEW YORK, Sept. 18, 2020 /CNW Telbec/ – Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NYSE: CGC) and Acreage Holdings, Inc. …read more […]

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Next week will be a big one for Tesla (TSLA). Alongside its annual shareholder meeting, on Tuesday (September 22) the EV maker will host its highly anticipated Battery Day. The event has been the source of much speculation as to what delights will be on offer from Musk and Co.Deutsche Bank analyst Emmanuel Rosner has an idea of what to look out for.“We believe Tesla could unveil a new insourced manufacturing system to ramp up battery capacity, improved cell chemistry with greatly-enhanced performance, and fast-declining cost curve,” the analyst said. “While media and investors’ expectations for the event are high, …read more […]

Trade tensions between China and the U.S. are once again on the rise over President Donald Trump’s threats to ban TikTok and WeChat in the U.S. starting on Sunday. With the November election now only about six weeks away, S3 Partners analyst Ihor Dusaniwsky said short sellers are targeting Chinese stocks in a major way.Dusaniwsky said China and Hong Kong short interest now totals $104 billion, an increase of $2.03 billion in the past month. The dispute between Trump and China over TikTok could be a preview of what’s to come between now and the election, and short sellers seem …read more […]