69.62 +0.05 (0.07%)
After hours: 4:04PM EDT
|Bid||69.58 x 800|
|Ask||69.65 x 1400|
|Day's Range||69.44 - 69.79|
|52 Week Range||54.75 - 79.18|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
On Sunday, August 11th, BlackRock (BLK) announced that it would be purchasing a roughly 30% stake in privately held Authentic Brands for $875 million, a deal that values the company at over $4 billion. Shares closed down 2.62% in trading Monday.
Investing.com - Gold prices on Tuesday clawed back a portion of the territory lost at the start of the week after the U.S. and China declared a trade truce, but remained below $1,400.
Stifel analyst Scott Devitt added ADRs of the Chinese internet giant to the firm’s select list and sees them rising to $220 each. He sees opportunity for patient holders.
The Yahoo spin-out created to house Yahoo's lucrative stake in Alibaba and Yahoo Japan announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba -- some might argue Yahoo was the same in its final years -- and the sale is expected to net shareholders around $40 billion. Altaba was formed following AOL's 2017 acquisition of Yahoo to create Oath -- disclaimer: that's TechCrunch's parent, and it is now called Verizon Media Group -- to keep hold of the 15 percent stake in Alibaba and a 35.5 percent stake in Yahoo Japan that Yahoo owned.
The Chicago Board Options Exchange (CBOE) applied for the second time with the U.S. Securities and Exchange Commission on Thursday to list its Bitcoin ETF. Traders are hopeful the SEC will approve the security that tracks a basket of assets, as they say it could help increase adoption of the coin.
Investing.com - Asian markets were mixed in morning trade on Wednesday, with Chinese stocks underperforming despite reports that China and the U.S. are planning to hold meetings in January.
AGF Global Select's Tony Genua reviews the entire portfolio every day as though starting with a blank slate – anything that is not a considered a “buy” is a “sell”
Investing.com - Chinese tech giant Tencent Holdings Ltd (HK:0700) is partnering up with Japanese chat app operator Line Corp (T:3938) to enable mobile payment services, according to Japanese media Nikkei.
Taiwan Semiconductor, Altaba, and LG Display do a lot of their business in China. It makes sense that tariffs and trade tensions should slash their stock prices, but that's still the wrong reaction in some cases.
The tightly focused investment firm formerly known as Yahoo! reduced its Alibaba holdings and exited its second-largest holding entirely during the third quarter.