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Foot Locker (FL) grapples with soft margins due to high expenses. Nevertheless, the company is focusing on supply chain development, improvement of mobile and web platforms and expansion of data analytics capabilities.
A rise in securities class-action cases involving initial public offerings is spurring IPO insurers to double and triple prices for directors and officers coverage, or "D&O" coverage, insurers and brokers told Reuters. A $5 million policy that cost $200,000 in 2016 can now easily cost $500,000 to $600,000, said Paul Schiavone, head of North American Financial Lines for Allianz Global Corporate & Specialty, an Allianz SE unit.
So far, utility stocks have risen ~17% in 2019. Broader markets have risen more than 15% during the same period. Many of the top utility stocks are trading close to their 52-week highs.
Abercrombie (ANF) boosts shareholder value by authorizing a share buyback program of about 5 million shares of Class A Common Stock.
The supply of muni bonds isn’t expected to keep up with the demand. That should support prices, but makes it harder for investors to find good deals.
Slack is hoping to replace email and, so far, it’s succeeding. But private-market investors have already bid up the stock, which limits upside for new investors.
On June 14 at 10:30 AM EDT, Uber Technologies (UBER) was down 0.8% on the day after rising 5.1% on June 13. As of yesterday’s close, the stock had risen 9.7% so far in June, outperforming the broader market and its direct peer Lyft (LYFT).
Growth initiatives, comprising productivity efforts, alternate channels of distribution, digital transformation, fleet optimization and international expansion, bode well for Children's Place (PLCE).
Car sales in China, the world’s biggest automotive market, fell year-over-year in 2018 for the first time in more than two decades. Automotive sales have contracted in China for 11 consecutive months now. The slowdown only seems to be deepening, and last month, China’s car sales fell a whopping 16.4%.
Nicholas Nash, the former president of Singapore-based online gaming and e-commerce company Sea Ltd, has launched a private equity firm - Asia Partners - to invest in Southeast Asian technology start-ups. Asia Partners' four other co-founders include Oliver Rippel, a former senior executive of South Africa's Naspers, and Pitra Ciputra Harun, who was previously with Indonesian e-commerce company Bukalapak, according to the company statement on Friday. The private equity firm aims to make investments of between $20 million and $100 million.
In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone lays out the bull case for online pet supply heavyweight Chewy, which begins trading Friday after pricing at $22 a share Thursday night. The company and Amazon have roughly equal market share but Chewy is likely to take the lead thanks to its emphasis on customer service that's […]
Evercore ISI initiates coverage of the two ridesharing giants with bullish outperform ratings, even with both stocks trading below their IPO price tags.
The fast-growing $384 billion space industry is generating investor interest, and one recently launched exchange-traded fund, Procure Space ETF (UFO), is giving Wall Street a way to play the sector.
Shares of the ride-sharing companies rose Thursday morning after a report that Uber and Lyft can break even in 2022—a year earlier than expected.