1009 days ago
Facebook was recently accused of illegally maintaining a monopoly in the market for personal social networking services by the US Federal Court. However, the court ruled in favor of Facebook and that concrete proof was lacking. But Facebook does in fact play a very dominant role in the US social media landscape. However, calling it monopolistic could be an exaggeration, as many competitors also have millions of users.
1009 days ago
Transports are ending the first half of the year with rather solid year-to-date gains, with the large majority oversold and all but two below their 50-DMAs. Airlines have taken the most solid hit recently.
1009 days ago
Nike's direct-to-consumer sales as a percentage of the company's total revenue has soared to 38.7% in 2021 from 15% in 2010. In terms of dollars, this amounts to $16.4 billion.
1009 days ago
The Chinese ride-hailing company is going public at $14 a share, selling even more shares than planned, which will give it a market capitalization of at least $67 billion. It will trade on the New York Stock Exchange under the ticker "Didi".
1009 days ago
Goldman Sachs believes that it is time to bet back on the fundamentally beat up industrial giant General Electric. They view the company as the ultimate self-help, re-opening levered story in Industrials. They set up a price target of $16, which is about 22% above current levels. Share rose 1.3% in early afternoon trading yesterday, and is up 21% year-to-date. GS believes that the stock could keep rising, even reaching $20 a stock by the end of 2021.
