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Sean Anthony Eddy/E+ via Getty Images Roche (OTCQX:RHHBY)(OTCQX:RHHBF)(OTCPK:RHHVF) still has good long-term prospects since the last time I wrote an article about it. This was with respect to an article entitled “Roche, With Ocrevus And Fenebrutinib Advancement, Should Be Top MS Contender”. In this article, I noted that this company had good long-term value with…
Hiroshi Watanabe/DigitalVision via Getty Images If we have learned anything from the past year’s market behavior, it is that very few predictions turn out to be helpful. The market goes up when you expect it to go down, and vice versa. But one thing is sure, eventually the market corrects, sometimes dramatically. When it does,…
Sundry Photography Over a year ago, I published “U.S. Bancorp: Net Interest Margin Compression Could Quickly Erase Profits This Year.” At that time, I had a bearish view on U.S. Bancorp (NYSE:USB) under the view that its moderately high leverage combined with rising deposit rates would cause its NIM to compress, causing the company to…
FREDERICA ABAN/iStock via Getty Images ‘Tis the season to be jolly, but it is also the season to harvest tax losses. There are 3 key aspects of tax loss harvesting: How to use it to defer taxation How to convert deferred taxation into permanent gains How to benefit from other traders harvesting tax losses. This…
The UBS report for Q3 2023 showed that the company’s net loss increased because of expenses necessary due to the Credit Suisse integration. Multinational investment bank and financial services company UBS Group AG (SWX: UBSG.SW) has published its report for Q3 2023, showing a disappointing net loss. The banking giant announced $785 million in net…
As the largest sovereign wealth fund worldwide, the Norways’s Government Pension Fund Global boasts a robust portfolio across different sectors within the financial market. Norway’s Government Pension Fund Global, created in the 1990s to manage surplus revenues from the country’s thriving oil and gas sector, faced significant hurdles in its third quarter financial revenues ending…
Richard Villalonundefined undefined Back on July 5, 2023, I explained in the article, Why I’m Buying DIA This Month Instead Of VOO that I was buying the SPDR Dow Jones ETF (NYSEARCA:DIA) with investments I made going forward because I expected I’d soon be getting some tax loss harvest opportunities. I believed that in a…
Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding. Despite its efforts towards profitability, buy now, pay later firm Klarna has revealed that it failed to record a half-year 2023 profit. The Swedish…
Peloton sales and subscriber growth fell in Q4 2023 as expected, due to a traditional Q4 slowdown and a recall that affected 2 million bikes. American exercise equipment company Peloton Interactive (NASDAQ: PTON) saw its shares plunge nearly 30% in premarket trading after it posted disappointing figures for fiscal Q4 2023. As of this writing, Peloton stock…
As the global economic downturn continues, especially with headwinds in China, the Nikkei 225 recorded a big weekly loss as stocks fell. The Japanese Nikkei 225 index has seen its largest weekly loss in eight months. On Friday, the Nikkei average posted the loss following problems stemming from the outlook on the Chinese economy. For the week…
Xpeng shares fell because the company’s loss increased in Q2 2023. However, deliveries and revenue are still looking good even for Q3. Shares of Chinese electric vehicle Xpeng Inc (HK: 9868) fell over 7% after the company announced disappointing figures for Q2 2023. Xpeng reported a loss of 2.8 billion yuan, higher than the 2.7 billion yuan…
Following the release of the earnings report, Disney stock declined by 0.73% to close at $87.49. After hours, Disney shares added 2.24%. Year-to-date, Disney stock is 0.70% up. The Walt Disney Company (NYSE: DIS) has reported its results for the fiscal third quarter of 2023. The Q3 results are quite controversial as the company has…
The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company’s investment arm is up. SoftBank Group Corp reported a loss for the quarter ended June, surprising much of the market, which expected better. However, the company’s Vision Fund investment arm posted a gain even as indicators suggested a…
Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. The sovereign wealth fund in Saudi Arabia announced that it took a comprehensive loss in 2022 worth $15.6 billion. The loss came following an economic decline that caused a significant plunge in the value…
Coinbase told shareholders that it is working towards improving its adjusted EBITDA in absolute dollar terms versus full-year 2022 as it navigates the uncertainty of regulatory scrutiny. Coinbase Global Inc (NASDAQ: COIN) reported its Q2 2023 financial results on August 3, 2023, which beat Wall Street’s expectations. According to the announcement, the company reported a…
Despite the revenue loss, Robinhood recorded a total net revenue of $468 million. While Robinhood (NASDAQ: HOOD) achieved profits in Q2 2023, the company recorded declines in its crypto revenue. The online trading platform released its second-quarter earnings results on August 2nd, noting its first time recording profits since going public in the quarter. Per…