-
Fintech Focus For January 5, 2021
Monday, January 4, 2021 - 7:13pm | 1571Quote To Start The Day: Despite Congress passing a stimulus package providing funds for jobless benefits, vaccine distribution, stimulus checks and aid to businesses, the support could be too little, too late for many businesses. "How do you expect these people to survive?" Barstool...
-
Fintech Focus For December 17, 2020
Wednesday, December 16, 2020 - 6:26pm | 2091Quote To Start The Day: Pricing an IPO is more of an art than a science. Source: Ran Ben-Tzur One Big Thing In Fintech: A massive delta exists between public and private assets. That’s according to Solomon Tesfaye, the vice president of business development and capital markets at tZero Group...
-
Wall Street Weighs In On Pinterest's Disappointing Quarter
Wednesday, May 6, 2020 - 1:15pm | 632Pinterest Inc (NYSE: PINS) shares were tumbling more than 12% on Wednesday after the company reported slowing user growth in the first quarter. On Tuesday afternoon, Pinterest reported an adjusted earnings per share loss of 10 cents on revenue of $272 million. Losses were slightly heavier than the...
-
Wall Street Reacts To Twitter's Mixed Quarter: Positioning For 2021?
Friday, May 1, 2020 - 1:10pm | 681Twitter Inc (NYSE: TWTR) shares were down 5% on Friday after the company reported an earning beat in the first quarter but failed to reassure investors that its advertising business has stabilized in the current quarter. Twitter reported first-quarter earnings per share of 11 cents on $808 million...
-
Wall Street Weighs In On Facebook's Big Quarter: Innovation Accelerates Amid Pandemic
Thursday, April 30, 2020 - 11:33am | 837Facebook, Inc. (NASDAQ: FB) shares jumped 5.9% on Thursday after the company reported that ad revenue has stabilized following a steep drop in March. On Wednesday afternoon, Facebook reported first-quarter revenue of $17.74 billion, up 18% from a year ago. The social media giant also reported 2.99...
-
Analysts Applaud Alphabet Earnings: 'An Incredible Advertising Business'
Wednesday, April 29, 2020 - 12:56pm | 556Shares of Google parent company Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) jumped 9% on Wednesday after the company reported a better-than-feared slowdown in revenue growth in the first quarter. Alphabet reported first-quarter earnings per share of $9.87 on revenue of $41.16 billion. Revenue was...
-
Snap's Stock Rips Higher By 30%: Here's What The Street Thinks
Wednesday, April 22, 2020 - 2:30pm | 677Snap Inc (NYSE: SNAP) reported better-than-expected first-quarter results, highlighted by a 44% year-over-year increase in revenue and a 20% growth in daily active users. Here is a summary of how some of the Street's top analysts reacted to the print. The Snap Analysts Credit Suisse...
-
Pinterest Has The Opportunity To Create A 'Uniquely Strong Shopping Platform'
Friday, February 7, 2020 - 4:40pm | 714Pinterest Inc (NYSE: PINS) beat almost all Street estimates in its fourth-quarter earnings report. While monthly active users (MAU) trended in line with forecasts, total revenue grew 46%, conversion optimization revenue popped 150%, and earnings before interest, tax, depreciation and amortization...
-
For Netflix, Getting (And Keeping) Subscribers In The Face Of Competition Is Expensive
Wednesday, January 22, 2020 - 12:05pm | 1026Netflix, Inc. (NASDAQ: NFLX) beat expectations on total subscriber adds, EPS and revenue but the sell-side reaction was mixed with bears worried about lackluster growth in U.S. subscribers and heavy spending on content as competition ramps up. The mixed results on subscriber adds, strong...
-
The Street Sees Match-IAC Split As Win-Win
Friday, December 20, 2019 - 1:28pm | 497Match Group Inc (NASDAQ: MTCH) shares jumped 8.4% on Thursday after the company announced a deal to split from its parent company IAC/InterActiveCorp (NASDAQ: IAC). The separation deal has been approved by the boards of both companies. It will be tax free and is expected to be completed in the...
-
Democratizing Derivatives: Gatsby Redefines Speculative Options Trading
Monday, September 23, 2019 - 8:36am | 1013In an interview with Benzinga, Jeff Myers, co-founder at the commission-free options trading platform Gatsby, discussed reducing barriers and creating a community around options trading. How It Started The story goes like this: Myers viewed a pre-viral video of a passenger being dragged off a...
-
Large Option Traders Bets On More Carnival Downside Despite Easing Oil Prices
Wednesday, September 18, 2019 - 3:02pm | 598Shares of Carnival Corp (NYSE: CCL) traded lower by 1.68% on Wednesday as oil prices slipped another 1.7% in the wake of Saturday’s attack on Saudi Arabia. Despite easing concerns over a prolonged supply outage in Saudi Arabia, Carnival shares continued lower, and at least one large options...
-
Here's What Happened The Last Time Twitter Traded At A Big Premium To The 50-Day Moving Average
Wednesday, June 13, 2018 - 2:41pm | 354If past performance is a predictor, Twitter Inc (NYSE: TWTR)'s stock is going to fall 20 percent, according to Frank Cappelleri, a senior equity trader at Instinet. What Happened Twitter's stock surpassed its 50-day moving average in early May, and strong momentum has now pushed...
-
A Peek Into The Markets: U.S. Stock Futures Up Ahead Of Economic Data
Tuesday, December 19, 2017 - 8:21am | 394Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on housing starts for November and the current account report for the third quarter will be released at 8:30 a.m. ET. Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Roseville, Minnesota at...
-
A Look Back At PayPal's Impressive Week
Friday, July 21, 2017 - 3:37pm | 696PayPal Holdings Inc. (NASDAQ: PYPL) has been on a roll with several new partnerships as the stock continues to trade at record highs. Over the past week, PayPal has signed new deals with Apple Inc. (NASDAQ: AAPL), Samsung Electronic (OTC: SSNLF), Visa Inc (NYSE: V)'s Visa Europe and JPMorgan Chase...