Netflix stock hasn’t had a worse day since 2004 and is now already 40 percent down year to date. The trend could easily continue since the investors are worried about the growth of the company and its short-term viability. These worries are amplified by the fact that the reported loss of subscribers is the first such occurrence in more than a decade.

Some high-profile investors have already decided to move away from Netflix stock, including billionaire Bill Ackman. After making a $1.1 billion investment in Netflix three months ago, Ackman pulled out recently despite a loss of close to $400 million.

In order to address the declining subscription numbers, Netflix said it would continue improving its service and continue bringing quality content to its users. However, their efforts will also include a crackdown on password sharing while CEO Reed Hastings became more open to the advertisement possibilities as well.

The post Netflix Stock Plunges 35% After Losing Subscribers appeared first on financialreader.com.

Many experts believe Starbucks stock is currently undervalued and it represents a great deal at its current price of $87.12. While it might continue struggling this year and perhaps in 2023, it’s expected that the shares will see a significant long-term increase.

The reason why Starbucks is worth buying is the strength of its brand. The Starbucks brand is synonymous with coffee and it has loyal customers that will keep coming back no matter what. Also, the company has plans to hit 55,000 locations by the end of the decade, which would position it as one of the biggest restaurant chains by store count in the world.

But perhaps the most important encouraging sign was how the company handled the coronavirus pandemic. While many businesses are still recovering from its effects, Starbucks emerged largely unscathed. Moreover, the projections are that they will remain profitable and keep a healthy cash position, which is something investors don’t tend to disregard when evaluating the long-term outlook.  

A number of factors caused Starbucks stock’s downward trajectory. Arguably the most important ones are tied to the uncertainty that surrounds the company at the moment. For one, Starbucks CEO Kevin Johnson is retiring soon and changes at the helm can always go either way. Then there are unionization efforts brewing across the nation that the company can’t ignore for much longer. Another important element is Starbucks’ struggle to have a speedy recovery in China.

The post Starbucks Stock is Worth Buying Despite the Drop, Here’s Why appeared first on financialreader.com.

Of the major tech stocks, Nvidia suffered the most severe decline during premarket trading, falling 3.6%. This comes after the chipmaker plummeted 4.5% on Friday after threats were made by the U.S. Federal Trade Commission to sue the company in an attempt to thwart Nvidia from purchasing British chip technology provider Arm in a deal exceeding $80 billion. EU antitrust regulators also moved to inspect the deal, however, their actions have been suspended until more information on the pending deal comes to light.

In contrast to the declining tech stocks, numerous energy stocks tracking oil prices increased, with Occidental Petroleum leading the charge with a 1.7% gain. Wells Fargo proved to be a standout winner as well, rising 1.2%.

After much uncertainly surrounding the Omicron coronavirus strain and the recently released U.S. jobs report last Friday, investors’ focus will now be diverted to this Friday’s release of the consumer price index and core inflation data.

The post Nasdaq Set To Open Lower As Tech Stocks Slip appeared first on financialreader.com.

Inflation worries, along with a decline in new-home construction last month, have added to investors’ mounting concerns over potential elevated prices. A large array of companies share in these worries, with Target announcing a rise in labor and other input costs during an earnings call on Wednesday morning.

The strong possibility that the rise in inflation will persist for longer than expected is influencing the Federal Reserve to strongly consider raising interest rates at short notice.

Among those stocks that performed strongly on Wednesday was Nvidia. The semiconductor company posted record quarterly earnings results on Wednesday, thereby suggesting that Nvidia has done well to cope with the ongoing global microchip shortage while meeting an escalating level of demand.

Not all microchip producers reaped strong results, however, as Cisco was battered by component shortages as well as less-than-stellar financial projections for Q4.

Another one of Wednesday’s big winners was Victoria’s Secret, with the fashion retailer posting Q3 results that exceeded analysts’ expectations while also projecting that sales would climb by 3% by year’s end.

The post Nvidia Stocks Surge As Futures Open Mixed appeared first on financialreader.com.

Over the past two weeks, prices have reached unprecedented levels of volatility, particularly with Cushing stockpiles plummeting to critically low levels.

Earlier this week, oil rallied to its highest level since 2014, as concerns skyrocketed due to market demand gradually overtaking supply levels. According to the United States government, citizens should expect gasoline prices to remain high going into the new year, particularly since OPEC decided to halt its own production. This would lead to sustained supply shortages in the near future.

David Martin, head of commodity-desk strategy at BNP Paribas, remains confident that market conditions will remain tight for the foreseeable future. “What I see is a market correctly pricing very tight conditions, and conditions that will get tighter.”

The post Oil Rises in New York as U.S. Supply Tightens appeared first on financialreader.com.

By 12:25 PM New York time, Amplitude shares were up by 7.1% or $53.57, pushing the company’s value up to $5.5 billion. While Nasdaq assigned a reference price of $35 per share, this price is seen merely as a guide rather than a final sale price, contrary to what is usually the case with a standard initial public offering.

To date, Amplitude is the latest in a series of firms in the technology sector that have made the leap to go public through direct listings this year. Other companies include project management software developer Asana Inc, cryptocurrency exchange Coinbase Global Inc, and online game maker Roblox Corp.

Founded in 2012, Amplitude is based in San Francisco, California. The company works alongside the likes of Burger King, Ford Motor Co, and Gap Inc to help them optimize their product offerings and enhance customer relations.

The post Amplitude Value Rises Following Trading Debut appeared first on financialreader.com.

While the S&P 500 rose by 0.4% as of 1:59 p.m. New York time, the Nasdaq 100 and the Dow Jones Industrial Average rose by 0.5% and 0.6% respectively.

Carter Henderson, portfolio manager at Fort Pitt Capital Group, explained during a phone call that the current market conditions are particularly favorable for equities and look to remain that way for the foreseeable future so long as company earnings remain strong. He further reflected on how the market has increased by 17% so far this year.

A large indicator of where the US economy is headed in terms of a pandemic-related recovery is the domestic job market. While the latest ADP employment report yielded underwhelming results, US services industries have undergone a record expansion. There has also been an incremental improvement in terms of unemployment figures.

“While jobless claims have been a bit erratic over the last few months, we’re starting to see less file for unemployment week over week, suggesting that more are taking jobs,” explained Mike Loewengart, managing director of investment strategy at E-Trade Financial. This shows that demand remains on a constant rise despite concerns over the delta variant.

The post U.S. Stocks Rise As Earnings Eclipse Virus Concerns appeared first on financialreader.com.

The probe, which came as a surprise to insiders, is the latest in a series of issues relating to Didi’s trustworthiness, with issues around the company ranging from antitrust to data security. The examination of Didi is part of a larger antitrust probe into the activities of Chinese internet firms at large, with major players such as Tencent Holdings Ltd. coming under the microscope as well.

With Didi losing as much as 11% of its market value at one point on Friday, Brock Silvers, chief investment officer at Hong Kong-based private equity firm Kaiyuan Capital, expressed his concerns on the matter: “This is deeply unfair to investors,” Silvers explained. “And as a crucial matter of market integrity, China’s regulators should cease allowing companies to list while under investigation.”

Didi, founded in 2012 by Cheng Wei, managed to prevent rivals such as Uber from penetrating the Chinese ride sharing market. Following its massive domestic success, Didi has also been working on its international expansion.

The post Didi Declines Following Chinese Cyber Probe appeared first on financialreader.com.

Since the start of this year, 38 biotech firms have listed their IPOs, raising a total of $7.5 billion. The rabid success of biotech companies hit its peak around the time of the worldwide coronavirus outbreak, with 22 biotech firms raising $8.2 billion in capital during the first two financial quarters of 2020.

One firm that helped draw significant interest to the biotech space is Moderna, a company most recently credited with developing one of the leading COVID-19 vaccines. After going public a little over two years ago, the company’s stock soared by 980% and is currently trading at $201, 59.

Of the 10 biotech firms, six are expected to open on Friday. Alzamend Neuro (ALZN), which opened on Tuesday, saw its stock soar by 170%—a positive sign for those firms who still await their opening.

The post Biotech Companies Dominate This Week’s IPO Market appeared first on financialreader.com.

With high-profile customers including the likes of Microsoft Corp and McDonald’s Corp, the New York City-based company stated that it intends to sell 19 million shares, priced in the range of $18 to $20 each.

Sprinklr has come a long way since its founding in 2009 when it was run out of the spare bedroom of founder and Chief Executive Officer Ragy Thomas’ New Jersey home. Now, the business is a marketing, advertising, and customer engagement specialist.

During the quarter that ended April 30, 2021, Sprinklr reported a sales revenue of $111 million, a 19% rise from the previous quarter. On the downside, the company experienced a rise in losses as well, from $11.2 million to $14.7 million.

With Morgan Stanley, J.P. Morgan, Citigroup, Barclays, and Wells Fargo Securities as lead underwriters in its offering, Sprinklr submitted paperwork to U.S. regulators for the IPO in March. The company has applied to list its shares under the ticker symbol “CXM”.

The post Sprinklr Targets $5 Billion Valuation Through IPO appeared first on financialreader.com.

Netflix stock hasn’t had a worse day since 2004 and is now already 40 percent down year to date. The trend could easily continue since the investors are worried about the growth of the company and its short-term viability. These worries are amplified by the fact that the reported loss of subscribers is the first such occurrence in more than a decade.

Some high-profile investors have already decided to move away from Netflix stock, including billionaire Bill Ackman. After making a $1.1 billion investment in Netflix three months ago, Ackman pulled out recently despite a loss of close to $400 million.

In order to address the declining subscription numbers, Netflix said it would continue improving its service and continue bringing quality content to its users. However, their efforts will also include a crackdown on password sharing while CEO Reed Hastings became more open to the advertisement possibilities as well.

The post Netflix Stock Plunges 35% After Losing Subscribers appeared first on financialreader.com.

Many experts believe Starbucks stock is currently undervalued and it represents a great deal at its current price of $87.12. While it might continue struggling this year and perhaps in 2023, it’s expected that the shares will see a significant long-term increase.

The reason why Starbucks is worth buying is the strength of its brand. The Starbucks brand is synonymous with coffee and it has loyal customers that will keep coming back no matter what. Also, the company has plans to hit 55,000 locations by the end of the decade, which would position it as one of the biggest restaurant chains by store count in the world.

But perhaps the most important encouraging sign was how the company handled the coronavirus pandemic. While many businesses are still recovering from its effects, Starbucks emerged largely unscathed. Moreover, the projections are that they will remain profitable and keep a healthy cash position, which is something investors don’t tend to disregard when evaluating the long-term outlook.  

A number of factors caused Starbucks stock’s downward trajectory. Arguably the most important ones are tied to the uncertainty that surrounds the company at the moment. For one, Starbucks CEO Kevin Johnson is retiring soon and changes at the helm can always go either way. Then there are unionization efforts brewing across the nation that the company can’t ignore for much longer. Another important element is Starbucks’ struggle to have a speedy recovery in China.

The post Starbucks Stock is Worth Buying Despite the Drop, Here’s Why appeared first on financialreader.com.

Of the major tech stocks, Nvidia suffered the most severe decline during premarket trading, falling 3.6%. This comes after the chipmaker plummeted 4.5% on Friday after threats were made by the U.S. Federal Trade Commission to sue the company in an attempt to thwart Nvidia from purchasing British chip technology provider Arm in a deal exceeding $80 billion. EU antitrust regulators also moved to inspect the deal, however, their actions have been suspended until more information on the pending deal comes to light.

In contrast to the declining tech stocks, numerous energy stocks tracking oil prices increased, with Occidental Petroleum leading the charge with a 1.7% gain. Wells Fargo proved to be a standout winner as well, rising 1.2%.

After much uncertainly surrounding the Omicron coronavirus strain and the recently released U.S. jobs report last Friday, investors’ focus will now be diverted to this Friday’s release of the consumer price index and core inflation data.

The post Nasdaq Set To Open Lower As Tech Stocks Slip appeared first on financialreader.com.

Inflation worries, along with a decline in new-home construction last month, have added to investors’ mounting concerns over potential elevated prices. A large array of companies share in these worries, with Target announcing a rise in labor and other input costs during an earnings call on Wednesday morning.

The strong possibility that the rise in inflation will persist for longer than expected is influencing the Federal Reserve to strongly consider raising interest rates at short notice.

Among those stocks that performed strongly on Wednesday was Nvidia. The semiconductor company posted record quarterly earnings results on Wednesday, thereby suggesting that Nvidia has done well to cope with the ongoing global microchip shortage while meeting an escalating level of demand.

Not all microchip producers reaped strong results, however, as Cisco was battered by component shortages as well as less-than-stellar financial projections for Q4.

Another one of Wednesday’s big winners was Victoria’s Secret, with the fashion retailer posting Q3 results that exceeded analysts’ expectations while also projecting that sales would climb by 3% by year’s end.

The post Nvidia Stocks Surge As Futures Open Mixed appeared first on financialreader.com.

Over the past two weeks, prices have reached unprecedented levels of volatility, particularly with Cushing stockpiles plummeting to critically low levels.

Earlier this week, oil rallied to its highest level since 2014, as concerns skyrocketed due to market demand gradually overtaking supply levels. According to the United States government, citizens should expect gasoline prices to remain high going into the new year, particularly since OPEC decided to halt its own production. This would lead to sustained supply shortages in the near future.

David Martin, head of commodity-desk strategy at BNP Paribas, remains confident that market conditions will remain tight for the foreseeable future. “What I see is a market correctly pricing very tight conditions, and conditions that will get tighter.”

The post Oil Rises in New York as U.S. Supply Tightens appeared first on financialreader.com.

By 12:25 PM New York time, Amplitude shares were up by 7.1% or $53.57, pushing the company’s value up to $5.5 billion. While Nasdaq assigned a reference price of $35 per share, this price is seen merely as a guide rather than a final sale price, contrary to what is usually the case with a standard initial public offering.

To date, Amplitude is the latest in a series of firms in the technology sector that have made the leap to go public through direct listings this year. Other companies include project management software developer Asana Inc, cryptocurrency exchange Coinbase Global Inc, and online game maker Roblox Corp.

Founded in 2012, Amplitude is based in San Francisco, California. The company works alongside the likes of Burger King, Ford Motor Co, and Gap Inc to help them optimize their product offerings and enhance customer relations.

The post Amplitude Value Rises Following Trading Debut appeared first on financialreader.com.

While the S&P 500 rose by 0.4% as of 1:59 p.m. New York time, the Nasdaq 100 and the Dow Jones Industrial Average rose by 0.5% and 0.6% respectively.

Carter Henderson, portfolio manager at Fort Pitt Capital Group, explained during a phone call that the current market conditions are particularly favorable for equities and look to remain that way for the foreseeable future so long as company earnings remain strong. He further reflected on how the market has increased by 17% so far this year.

A large indicator of where the US economy is headed in terms of a pandemic-related recovery is the domestic job market. While the latest ADP employment report yielded underwhelming results, US services industries have undergone a record expansion. There has also been an incremental improvement in terms of unemployment figures.

“While jobless claims have been a bit erratic over the last few months, we’re starting to see less file for unemployment week over week, suggesting that more are taking jobs,” explained Mike Loewengart, managing director of investment strategy at E-Trade Financial. This shows that demand remains on a constant rise despite concerns over the delta variant.

The post U.S. Stocks Rise As Earnings Eclipse Virus Concerns appeared first on financialreader.com.

The probe, which came as a surprise to insiders, is the latest in a series of issues relating to Didi’s trustworthiness, with issues around the company ranging from antitrust to data security. The examination of Didi is part of a larger antitrust probe into the activities of Chinese internet firms at large, with major players such as Tencent Holdings Ltd. coming under the microscope as well.

With Didi losing as much as 11% of its market value at one point on Friday, Brock Silvers, chief investment officer at Hong Kong-based private equity firm Kaiyuan Capital, expressed his concerns on the matter: “This is deeply unfair to investors,” Silvers explained. “And as a crucial matter of market integrity, China’s regulators should cease allowing companies to list while under investigation.”

Didi, founded in 2012 by Cheng Wei, managed to prevent rivals such as Uber from penetrating the Chinese ride sharing market. Following its massive domestic success, Didi has also been working on its international expansion.

The post Didi Declines Following Chinese Cyber Probe appeared first on financialreader.com.

Since the start of this year, 38 biotech firms have listed their IPOs, raising a total of $7.5 billion. The rabid success of biotech companies hit its peak around the time of the worldwide coronavirus outbreak, with 22 biotech firms raising $8.2 billion in capital during the first two financial quarters of 2020.

One firm that helped draw significant interest to the biotech space is Moderna, a company most recently credited with developing one of the leading COVID-19 vaccines. After going public a little over two years ago, the company’s stock soared by 980% and is currently trading at $201, 59.

Of the 10 biotech firms, six are expected to open on Friday. Alzamend Neuro (ALZN), which opened on Tuesday, saw its stock soar by 170%—a positive sign for those firms who still await their opening.

The post Biotech Companies Dominate This Week’s IPO Market appeared first on financialreader.com.

With high-profile customers including the likes of Microsoft Corp and McDonald’s Corp, the New York City-based company stated that it intends to sell 19 million shares, priced in the range of $18 to $20 each.

Sprinklr has come a long way since its founding in 2009 when it was run out of the spare bedroom of founder and Chief Executive Officer Ragy Thomas’ New Jersey home. Now, the business is a marketing, advertising, and customer engagement specialist.

During the quarter that ended April 30, 2021, Sprinklr reported a sales revenue of $111 million, a 19% rise from the previous quarter. On the downside, the company experienced a rise in losses as well, from $11.2 million to $14.7 million.

With Morgan Stanley, J.P. Morgan, Citigroup, Barclays, and Wells Fargo Securities as lead underwriters in its offering, Sprinklr submitted paperwork to U.S. regulators for the IPO in March. The company has applied to list its shares under the ticker symbol “CXM”.

The post Sprinklr Targets $5 Billion Valuation Through IPO appeared first on financialreader.com.