Press Release Category: Finance

Microsoft buying Activision Blizzard could really hurt GameStop: analyst

Microsoft’s purchase of gaming publisher Activision Blizzard for $68.7 billion could bring pain to struggling retailer GameStop.”Microsoft’s acquisition of Activision Blizzard changes the scope of key inputs into our prospective GameStop model. Both companies are key vendors to GameStop. A combo fortifies power over the retailer; could reshape volumes for Activision titles if made exclusive…

Taiwan Semiconductor Stock Poised For Breakout After Earnings Beat

Taiwan Semiconductor Manufacturing (TSM), the world’s largest chip foundry, on Thursday beat analyst estimates for the fourth quarter. TSM stock popped higher in early trading. X Taiwan Semi earned $1.15 per U.S. share in the December quarter, up 19% from the year-earlier period. Analysts expected earnings of $1.12 a share, according to FactSet. The company’s…

Alibaba Stock Gets a Target Price Cut. Here’s Why It’s Still a Buy.

Updated Jan. 10, 2022 6:16 am ET / Original Jan. 10, 2022 6:15 am ET Order Reprints Print Article Analysts at Citigroup have slashed their target price on Alibaba stock—but they still see the Chinese tech giant as attractive for investors. That’s largely due to valuation. After all, shares in Alibaba (ticker: BABA) lost almost…

U.S. Ramps Up Battery Production With 13 New Gigafactories

The energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders, and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the next three decades, with renewable energy expected to provide 85% of our energy…

2 “Strong Buy” Stocks Primed for 2022 Gains

Wall Street traders have no shortage of cliches, and here’s a happy thought for the New Year: ‘So goes January, so goes the year.’Sam Stovall, chief investment strategist from CFRA Research, has taken note of this quirk, writing: “If the market does well in the month of January, then it usually does well for the…

Ether outshines Bitcoin in whipsaw year, rises to the top in crypto’s ‘cloud wars’

A year filled with highs and lows for cryptocurrency is ending with surprising winners — neither of which are Bitcoin (BTC-USD), Dogecoin (DOGE-USD) and Shiba Inu (SHIB-INU), the three digital coins that grabbed most of the headlines in 2021.Ether (ETH-USD) was one of the year’s biggest winners, more than quadrupling Bitcoin as an investment. Despite…

3 “Strong Buy” Crypto Stocks to Watch Heading Into 2022

Love it or hate it, blockchain-based cryptocurrencies are not going anywhere. Whether or not they’ll make a permanent mark on the way we conduct our online business – using currency for trades and purchases – is still up in the air, but there can be no doubt that crypto has brought blockchain mainstream and introduced…

Ripple’s XRP Price Prediction for 2022

2021 was a particularly bullish year for Ripple’s XRP and the broader crypto market. A number of the crypto majors, including Bitcoin (BTC) and Ethereum (ETH) struck new all-time highs late in the year.Increased adoption and greater market awareness of NFTs, the metaverse and Web 3.0 drove the market cap from a January year-low $736bn…

Tencent Hands Out $16 Billion of JD Stock in Crackdown-Led Shift

(Bloomberg) — Tencent Holdings Ltd. plans to distribute more than $16 billion of JD.com Inc. shares as a one-time dividend, a surprise retreat from the Chinese e-commerce firm after Beijing moved to curtail the power of tech monopolies.Most Read from BloombergOmicron May Double Risk of Getting Infected on Planes, IATA SaysOmicron Has 80% Lower Risk…

Tesla Stock Vs. BYD Stock: Tesla Growing Fast, But EV Rival Is Catching Up

Tesla (TSLA) and BYD Co. (BYDDF) are both fast-growing EV giants. While a lot of attention falls on startups such as Rivian Automotive (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV) and Li Auto (LI), as well as traditional automakers pushing into EVs, such as General Motors (GM) and Ford Motor (F), Tesla and BYD are…

Here Are Barron’s 10 Top Stocks for the New Year

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/barrons-10-stock-picks-for-2022-51639717262 Dec. 17, 2021 12:01 am ET Order Reprints Print Article Illustration by Luke Brookes The U.S. stock market hasn’t followed the script in 2021. The S&P 500 index returned 26% through…