Since mid-March 2020, DIS stock soared from a low of $79.07 to $119. However, the recovery may have only just begun for DIS, especially with a good deal of fear priced into the stock. Not only will the company just reopen Shanghai Disneyland, it set a July 11 date to start reopening Disney World, as […]
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Moderna (MRNA) Given 75% Probability to Develop COVID-19 Vaccine
Moderna’s (MRNA) stock has given investors heartburn recently. Moderna first announced promising news related to a COVID-19 vaccine in mid-May. After the news sent MRNA skyward, the company announced it would be doing a secondary offering, in an attempt to raise just over $1.3 billion. Then, a few days later, vaccine experts started questioning MRNA’s […]
HIG Earnings Report Shows Earnings Down; Declares Dividend
The Hartford Insurance Group (HIG) has declared a dividend of $0.325 per common share for shareholders of record on June 1st. Currently, the company has a dividend yield of 3.3%. HIG recently announced earnings, they cited the fact that Hartford had returned $258 million to shareholders in the first quarter. $108 million of that total […]
Enphase Energy (ENPH) Earnings Report Show 105% Q1 Revenue Increase Over Year Ago Period
Enphase Energy (ENPH) has been incredibly explosive. Since hitting a low of $21.49 in March 2020, ENPH has rallied to $58.44. Not only did it report impressive earnings, but it also just announced a collaboration with the University of Washington for a 100% renewables grid. According to ENPH’s latest press release, “Under the heading, A Scalable […]
Republic Services Group (RSG) Earnings Report Shows Earnings Beat Compared to Year Ago Quarter
RSG reported strong earnings this month, easily beating the year ago quarter. The company reported net income of $246.3 million, which was above the $234.2 million reported in the prior year-over-year quarter. RSG said earnings were $0.77 per share, which was almost 7% better than the first quarter of 2019, which came in at $0.72 […]
Fate Therapeutics (FATE) Cleared By FDA of IND Application for FT538
Since April 2020, FATE stock rocketed from a low of $19.92 to $35.23, as it moves progresses with cellular immunotherapies for cancer and immune disorders. Just days ago, FATE announced the U.S. FDA cleared its investigational new drug (IND) application for FT538, the first CRISPR-edited iPSC-derived cell therapy. FT538 is an off the shelf natural […]
Nio Inc. (NIO) Stock Price Up on 106% Month Over Month Growth Rate
Shares of electric vehicle maker, Nio (NIO) have faced plenty of pressure this year. Most recently, on news China will cut subsidies on new energy vehicles, such as electric cars by 10% this year. Under China’s new plan, it will also extend subsidies for buying NEVs to 2022, and tax exemptions on purchases for two […]
Fate Therapeutics (FATE) Earnings Report Highlights for Q1 2020
Fate Therapeutics (FATE) just posted first quarter 2020 highlights, including: “We are encouraged by the resilience of our employees, our clinical trial investigators and participating patients, and our collaboration partners in the face of the challenge posed by the global pandemic. Like others, we have been affected by COVID-19, which has impacted clinical site initiation, […]
Sonic Automotive (SAH) Earnings Report Shows Impact of Coronavirus
Sonic Automotive’s (SAH) latest earnings release revealed a major hit from COVID-19 in the form of a goodwill writedown. While earnings actually increased in the quarter, the charge had a negative impact on the company’s balance sheet. Under GAAP, the company had to record “a non-cash goodwill impairment charge of $268 million related to its […]
Zynga Inc. (ZNGA) Earnings Show EPS Loss of 11 Cents
ZNGA posted a first quarter loss of $103.9 million, or 11 cents a share, as compared with a year-earlier loss of $128.8 million, or 14 cents. Revenue rocketed 52% higher to $403.8 million from $265.4 million year over year. Analysts were only looking for a loss of a penny a share on sales of $389 […]