Benzinga Buzz: Will Strikers Accept ”Best And Final” Offer? Plus: Bob Ross, Ye, Logic
Sunday, 24 September 2023, 20:07:29
Each week, Benzinga Buzz compiles the latest entertainment news into a cohesive column for your consideration. Read on for the latest updates — both useful and irreverent. Today”s edition zeroes in on the so-called “Gang of Four” — Walt Disney ”s (NYSE: DIS ) Bob Iger , Warner Bros. Discovery ”s (NASDAQ: WBD ) David Zaslav , Netflix ”s (NASDAQ: NFLX ) Ted Sarandos and NBCUniversal’s Donna Langley . The super wealthy CEOs spent the weekend “monitoring” negotiations with guild representatives. In other words, they weren”t there, according to Variety. Still, there was progress. A “best and final” offer was reportedly presented to the Writers Guild of America (WGA) negotiators on Saturday … Full story available on Benzinga.com
Beware! 3 Momentum Stocks Waving Massive Red Flags Right Now
Sunday, 24 September 2023, 00:00:37
Many stocks that are flying high right now are flashing warning signs that some investors ignore at their own peril. Other stocks on the downslope are likely to continue sliding lower as their operations, earnings, and sentiment toward their shares worsens. While timing the overall market is difficult, it’s much easier to see when it might be time to get out of a stock position. This happens if its share price has peaked or shows underlying fundamentals that have turned for the worse. Beware of these three momentum stocks waving massive red flags right now. Tesla (TSLA) Source: Roschetzky Photography / Shutterstock.com A new report from short-selling research firm S3 Partners indicates that electric vehicle maker Tesla (NASDAQ: TSLA ) is the most widely shorted automotive stock on Wall Street. Short sellers are betting $22 billion that Tesla’s stock price will move lower within the next three to 12 months, according to data from S3 Partners. Almost 3% of Tesla’s stock is currently sold short.
From DVDs To Streaming: Netflix”s Evolution Marks The End Of Era: Report
Saturday, 23 September 2023, 22:48:39
Netflix Inc (NASDAQ: NFLX ), the streaming giant that once disrupted the entertainment industry with its DVD-by-mail service, is preparing to close the chapter on its iconic red envelopes. The company”s DVD subscription service is set to end this month, marking the culmination of an era that began in a nondescript warehouse near Disneyland, according to a report by The New York Times. The warehouse, once a hub that processed over 1.2 million DVDs weekly and employed 50 individuals, now operates with a mere six employees. This will come to a complete halt on Friday when Netflix ceases its DVD mailing service, the report said. Netflix”s DVD operations still serve around 1 million customers, many of them very loyal. Also Read: Netflix Drops ”Squid Game: The Challenge” Trailer — Netizens Draw Comparisons To MrBeast”s Record-Breaking Video From … Full story available on Benzinga.com
Beware! 7 Growth Stocks Waving Massive Red Flags Right Now
Friday, 22 September 2023, 22:29:04
While hopes for long-term returns may lure investors to growth stocks , some of these very stocks should be avoided. Especially if they’re waving red flags. In fact, I’ve listed seven top growth stocks to avoid because of damaging issues. Growth Stocks to Avoid: Airbnb (ABNB) Source: Diego Thomazini / Shutterstock Airbnb (NASDAQ: ABNB ) has a compelling market opportunity. Unfortunately, a looming real estate crash could damage the company’s revenue and earnings. In fact, the company has a lot to lose when the housing bubble does burst. In addition, rising inflation and interest rate hikes have put additional pressure on real estate. All of which can discourage investors. Another red flat — Airbnb currently trades at 42x earnings, with decelerating earnings over the last few quarters. It also trades at nearly 10x sales. With such an expensive valuation, ABNB is a growth stock to avoid at the moment. Etsy (ETSY) Source: Sergei Elagin / Shutterstock Etsy (NASDAQ: ETSY ) has been sinking on stalling growth, declining profitability, and heavy debt.
Friday, 22 September 2023, 17:10:14
… the SEC. The institutional investor owned 19,316 shares of … during the period. Harbor Investment Advisory LLC’s holdings in … reporting period. Other large investors also recently bought and sold … 430.12. Want More Great Investing Ideas? Get Our Latest Research …
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