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Roblox IPO: Gaming Company Confidentially Filed with SEC

On Monday, the company announced a Roblox IPO was confidentially filed. After a year of growth and the success of one of its competitors, Unity (NYSE: U), Roblox decided it was time for Roblox stock to hit the market.
But is Roblox a good investment opportunity? Here’s what we know…
Roblox IPO: The Business

CEO David Baszucki and former VP Erik Cassel founded Roblox in 2004. Released in 2006, Roblox is an online gaming platform and game creation system. It lets users create games and play games made by other users. Roblox’s games are free to play. However, to do more things and …read more […]

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Is Snowflake (SNOW) Stock Overvalued?

McLain Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -6.3% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 8.93% in the same quarter. However, you should check out McLain Capital’s top 5 stock picks […] …read more […]

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Stocks Drop After Mnuchin Remarks on Stimulus: Markets Wrap

(Bloomberg) — Stocks fell after Treasury Secretary Steven Mnuchin said that getting a stimulus deal done before the Nov. 3 election will be difficult.Traders also parsed mixed results from some of the largest U.S, banks. Wells Fargo & Co. slumped on a 56% plunge in profit, while Bank of America Corp. slid amid an increase in trading revenue that was just a fraction of its competitors’ gains. Goldman Sachs Group Inc. outperformed after posting a surge in fixed-income revenue that pushed earnings per share to a record. Netflix Inc. rallied as some firms boosted their targets for the shares.While there’s …read more […]

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Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels

Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same period.Weighing in for Raymond James, strategist Tavis McCour argues the shift into cyclicals and small-caps “provides some evidence of how the market will rotate in the case of a Democratic sweep, with …read more […]

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Should I Buy Appian Corporation (APPN)?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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Hedge Funds Aren’t Crazy About DHT Holdings Inc (DHT) Anymore

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Hedge Funds Are Getting More Bullish On Verastem Inc (VSTM)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Why Berkshire Hathaway (BRK.B) Stock is a Compelling Investment Case

Black Bear Value Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -22.3% (net) in the first nine months of 2020, underperforming its benchmark, the S&P 500 Index which returned 5.6% in the same period. You should check out Black Bear Value […] …read more […]