Halliburton Stock Nears Completion of Cup Base, Shows Strong Fundamentals
Halliburton (HAL) is making waves with its near completion of a cup base, reporting impressive profit and sales numbers. With strong fundamentals and a substantial climb from its Covid crash low, investors are eagerly anticipating a potential breakout in volume at least 40% higher than normal. Although recent earnings and revenue growth rates have tapered down, investors are hopeful for a return to rising EPS and revenue growth rates this quarter.
99 Cents Only Stores to Close Down and Enter Liquidation
99 Cents Only Stores, a prominent discount retail chain, has announced its decision to close down and enter liquidation due to insurmountable challenges in the retail landscape. The liquidation sales are set to begin on April 5, 2024, offering deeply discounted merchandise, fixtures, and equipment. The company’s real estate assets will also be sold off to maximize value. The decision comes after years of significant challenges, including the impact of the COVID-19 pandemic and shifting consumer demand.
Mayer Brown Advises Round Hill Capital on Sale of Nido Living to CPP Investments
Mayer Brown advised Round Hill Capital on the sale of its student housing business, Nido Living, to Canada Pension Plan Investment Board. The transaction marks a significant milestone for Round Hill Capital, showcasing the firm’s cross-border capabilities and drawing expertise from practices in both London and Germany. The sale reflects the attractiveness of the student housing sector and signifies a significant shift in Round Hill Capital’s investment portfolio, paving the way for future growth opportunities.
Small Businesses in UK Planning Significant Changes for New Tax Year, Intuit QuickBooks Survey Reveals
Intuit QuickBooks survey reveals that almost 100% of small businesses in the UK are planning significant changes for the new tax year. Top changes include using AI, reducing tax liabilities, upgrading financial management systems, and hiring accountants. Despite economic challenges, small businesses see the new tax year as an opportunity for success. Many are planning cutbacks and delaying investments due to uncertainty. Intuit QuickBooks emphasizes the importance of seeking assistance from an accountant and offers a comprehensive guide for navigating the new tax year and growing small businesses.
Allbirds, Inc. Under Investigation for Potential Claims Against Long-Term Stockholders
Allbirds, Inc. is under investigation for potential claims against its long-term stockholders. The complaint alleges that the company’s board of directors may have breached their fiduciary duties by making false statements and failing to disclose adverse facts about the business. If you are a long-term stockholder and have questions, contact Bragar Eagel & Squire, P.C.
Oil Options Traders Look to Protect Against Rising Crude Prices as Middle East Tensions Escalate
Oil options traders are increasingly looking to protect against rising crude prices as tensions escalate in the Middle East. Near-term market gauges for Brent and US crude have flipped over the past week to reflect more demand for bullish call options than bearish puts. The WTI second-month call skew, which shows what traders will pay for options that profit from a rise in prices versus a decline, switched on Tuesday for the first time since November, according to data compiled by Bloomberg. Oil options markets typically skew bearish as producers seek to protect against price drops.
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Anticipated to Report Q1 2024 Earnings of $0.05 Per Share
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) is expected to announce Q1 2024 earnings of $0.05 per share, with a ‘Buy’ rating and a $12.00 price target. The company’s stock opened at $4.53 and has a market cap of $44.98 million. Institutional trading data shows changes in holdings by hedge funds including Dimensional Fund Advisors LP, Vanguard Group Inc., Northern Trust Corp, and Renaissance Technologies LLC.
Southwest Airlines Flight Forced to Divert Due to Heavy Turbulence
Southwest Airlines flight WN4273 diverted to Tampa due to injuries from heavy turbulence. FAA investigation underway. One passenger and one flight attendant sustained injuries during the turbulence.
Fanatics Betting and Gaming Completes Acquisition of PointsBet US Businesses
Fanatics Betting and Gaming has completed the acquisition of PointsBet’s US businesses, accelerating its growth plans and expanding its online sports betting and gaming presence in 19 states. The company’s CEO, Matt King, expressed excitement about the acquisition and the addition of talented leaders from PointsBet USA to their team. With the acquisition, Fanatics Betting and Gaming will also oversee betting operations at 19 retail locations, including the only retail sportsbook located within an NFL stadium at Commanders Field in Maryland.
Citigroup Raises Price Target for Bunge Global (NYSE: BG)
Citigroup raises price target for Bunge Global to $117.00, while other analysts weigh in with mixed ratings and price targets. Bunge Global stock currently holds a buy rating from Citigroup. In its latest earnings report, Bunge Global reported $3.70 EPS for the quarter, surpassing analysts’ consensus estimates.