No Picture
Trading Ideas

CBS ordered to disclose internal records on Viacom deal

A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies. The deal is scheduled to close on Dec. 4, combining CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. The judge, Joseph Slights of Delaware’s Court of Chancery, ordered CBS to turn over materials the CBS board discussed when considering the merger with Viacom, which was split from CBS …read more […]

No Picture
Trading Ideas

Is StoneMor Partners L.P. (STON) A Good Stock To Buy?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September […] …read more […]

No Picture
Trading Ideas

Dell to Explore Sale of RSA Cybersecurity Unit

(Bloomberg) — Dell Technologies Inc. is exploring a sale of RSA Security, a cybersecurity business it hopes could fetch at least $1 billion, including debt, according to people familiar with the matter.Discussions are at an early stage and there is no guarantee Dell will end up selling the asset, said the people, asking not to be identified because the matter is private.A representative for Dell declined to comment.RSA helps companies detect, investigate and respond to security risks as well as reduce intellectual property theft, fraud and cybercrime, according to Dell’s annual report. RSA, which says it has more than 30,000 …read more […]

No Picture
Trading Ideas

Ripple completes $50M commitment to MoneyGram with $20M investment

Money transfer company MoneyGram today announced that it has received another $20 million from blockchain service provider Ripple. Ripple made a $50 million investment commitment to MoneyGram, putting in the first $30 million in June.The post Ripple completes $50M commitment to MoneyGram with $20M investment appeared first on The Block. …read more […]

No Picture
Trading Ideas

3 High-Growth U.S. Cannabis Stocks Poised for Solid Gains

The Q3 earnings reports in the cannabis sector provided the first clear separation between the U.S. and Canadian players. While most of the U.S. multi-state operators (MSOs) shined, the Canadian LPs struggled to grow revenues much less even meet analyst estimates.A big key to the global market forecasts for sales to top $200 billion in the distant future is the substantial market share assigned to the U.S. market in the initial years. For 2020, analysts have forecast U.S. sales topping $16 billion while the total global sales may not even reach $20 billion following the weak recreational sales in Canada.The …read more […]

No Picture
Trading Ideas

What Are You Thankful for in Your Financial Life?

This Thanksgiving will be particularly profound for me. A close family member had been very ill earlier in the year but has made a complete recovery.
Over the summer, I assumed she’d no longer be here at Thanksgiving. Instead, she’ll be enjoying herself in full health like everyone else at the table.
Without a doubt, I’m most thankful for that.
When it comes to my financial life, I also have an awful lot to be thankful for.
The fact that I found a profession and job that I love has had a very positive effect in my family’s finances. It’s hard to thrive when …read more […]

No Picture
Trading Ideas

Lululemon Is on Fire This Holiday Season

With the start of trading today, we’ve now entered into a time period that’s been historically very, very bullish.
For instance, from the close of trading tomorrow until the end of next Friday (which includes Black Friday and Cyber Monday), the S&P 500 has been positive in 58 out of the last 69 years – which is an amazing 84% positive rating.
As for the down years, only four have seen declines of more than 1% (1951, 1987, 2009 and 2011).
I find this interesting because this historically strong market period is coming at a time when we’ve seen both huge upside moves …read more […]

No Picture
Trading Ideas

UPDATE 1-FDA approves Global Blood Therapeutics's sickle cell disease drug

The U.S. Food and Drug Administration said on Monday it had approved Global Blood Therapeutics’s drug, Oxbryta, to treat sickle cell disease in adults and pediatric patients aged 12 years or older. The disease is a lifelong, inherited blood disorder in which abnormally shaped red blood cells restrict flow of blood in vessels, leading to severe pain and organ damage. The drug, also known as voxelotor, aims to treat the underlying cause of sickle cell disease by preventing sickle cells from deforming. …read more […]

No Picture
Trading Ideas

Activist investor presses Valaris for broader changes, plans on special meeting

Hedge fund Luminus Management said on Monday that it plans to call a special shareholder meeting at Valaris PLC and press for broader improvements at the offshore contract drilling services company which promised its own changes two weeks ago. Valaris’ stock price surged 12% on Monday to trade at $4.40 after Luminus publicly called on the company to improve operations, refresh the board and shore up governance. The hedge fund also wants management to “take a holistic and balanced approach to managing (it’s) capital structure, with a specific focus on ensuring liquidity, pushing out debt maturities and effectively …read more […]