Year: 2020

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Trading Ideas

All-or-Nothing Bet on Bristol Drugs Goes Sour as FDA Reviews Lag

November 5, 2020 admin Comments Off on All-or-Nothing Bet on Bristol Drugs Goes Sour as FDA Reviews Lag

(Bloomberg) — The deal sweetener that Bristol Myers Squibb Co. offered as a part of its bid to buy Celgene Corp. plunged after management said U.S. regulators have not scheduled an inspection of a facility that is key for investors to get the $9 all-or-nothing payment.The so-called contingent value right, or CVR, fell as much as 81% to a record low of 65 cents as the sweetener would become worthless if the company’s blood cancer drug lisocabtagene maraleucel isn’t approved in a timely manner.During the company’s quarterly earnings call, management said the U.S. Food and Drug Administration had not yet …read more […]

Spotlight Stocks

Curaleaf Holdings, Inc. (OTC: CURLF) (CSE: CURA) CEO Joe Lusardi:“Executing On All Fronts and Prudently Deploying Capital to Key Markets”

November 5, 2020 admin Comments Off on Curaleaf Holdings, Inc. (OTC: CURLF) (CSE: CURA) CEO Joe Lusardi:“Executing On All Fronts and Prudently Deploying Capital to Key Markets”

Curaleaf Holdings, Inc. (OTC: CURLF) (CSE: CURA) Q2 2020 Earnings Highlights Joe Lusardi, CEO “…Our second quarter results reflect the strong fundamentals of our underlying business and then tremendous operating leverage inherent in our business […]

Spotlight Stocks

Trulieve Cannabis Corp. (OTCQX: TCNNF) (CSE: TRUL) CEO Kim Rivers: ”Trulieve At Forefront for Profitability, Execution and Organic Growth”

November 5, 2020 admin Comments Off on Trulieve Cannabis Corp. (OTCQX: TCNNF) (CSE: TRUL) CEO Kim Rivers: ”Trulieve At Forefront for Profitability, Execution and Organic Growth”

Trulieve Cannabis Corp. (OTCQX:TCNNF) (CSE: TRUL) Q2 2020 Earning Highlights Kim Rivers, CEO “…At a high level Q2 2020 was an incredibly strong quarter. Trulieve exceeded consensus for revenues and profitability, achieving approximately $121 million […]

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These 3 5G Stocks Are Must-Watch Names, Say Top Analysts

November 5, 2020 admin Comments Off on These 3 5G Stocks Are Must-Watch Names, Say Top Analysts

Let’s take a short break from the election drama, and look at 5G. The new wave in networking technology, 5G has sparked an ongoing revolution in the way wireless connections are made. The new network systems offer far higher speeds, much lower latency, and greater data capacity than existing 4G networks, and the implications for high-tech are enormous. Internet of Things, autonomous cars, teledoctor facilities, streaming on demand – all of these segments look to gain from 5G, alongside ordinary cellular and mobile technology.With so many changes in the offing, it’s a cinch that some companies in 5G-related sectors are …read more […]

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Hanes Plummets as Champion Owner Announces a Business Review

November 5, 2020 admin Comments Off on Hanes Plummets as Champion Owner Announces a Business Review

(Bloomberg) — Hanesbrands Inc. shares plunged as much as 16% after the company reported a review of its business and a slump in sales at a time when everyone’s wearing sweatpants.As consumers stay away from sporting events and college bookstores, the maker of Champion athletic gear saw revenue for the U.S. activewear segment decline 41% during the third quarter, the company said in a statement. Even excluding the C9 brand, which Target Corp. stopped selling in January, activewear sales declined 27% in its home market.While the Champion brand specifically saw improvements from the prior quarter, it wasn’t enough to offset …read more […]

Newsmakers

Logiq (OYTC: LGIQ) Completes Acquisition of Fixel AI, Leader in AI-Powered Digital Marketing Technology

November 5, 2020 admin Comments Off on Logiq (OYTC: LGIQ) Completes Acquisition of Fixel AI, Leader in AI-Powered Digital Marketing Technology

NEW YORK, Nov. 05, 2020 — Logiq, Inc. (OTCQX: LGIQ), a global provider of award-winning eCommerce and Fintech solutions, has completed its previously announced plan to acquire Fixel AI, an award-winning innovator of AI-powered digital marketing technology. The acquisition […]