Responsive image

Wrangler & Lee Parent Kontoor Brands Snaps Up Helly Hansen For $900M: Details

Shares of lifestyle apparel company known for brands like Wrangler and Lee, Kontoor Brands, Inc. (NYSE:KTB), are trading lower in premarket on Wednesday. Kontoor Brands has announced its acquisition of Helly Hansen, a brand specializing in outdoor and workwear. Under the terms of the deal, Kontoor will acquire full ownership of Helly Hansen from Canadian […]
Responsive image

KKR Boosts Enilive Ownership To 30% With ~$614 Million Investment: Details

KKR & Co. Inc. (NYSE:KKR) reached a deal with ENI S.p.A. (NYSE:E) to expand its ownership in Enilive by acquiring an additional 5% stake valued at 587.5 million euros (~$614.4 million). The transaction will bring KKR’s total stake in Enilive to 30% and the investment aims to enhance Eni’s capital structure while ensuring Eni retains control and consolidation of Enilive. […]
Responsive image

Lithia Motors’ Solid Q4 Propels Stock Higher: Earnings Beat

Lithia Motors, Inc. (NYSE:LAD) reported fourth-quarter adjusted earnings per share of $7.79 on Wednesday, beating the street view of $7.24. Quarterly sales of $9.22 billion (up 20% year over year) outpaced the analyst consensus estimate of $9.10 billion. “2024 marks another milestone year for Lithia & Driveway, with record-breaking fourth-quarter revenues, the first profitable year for […]
Responsive image

McDonald’s, ON Semiconductor And 3 Stocks To Watch Heading Into Monday

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects McDonald’s Corp. (NYSE:MCD) to report quarterly earnings at $2.84 per share on revenue of $6.44 billion before the opening bell, according to data from Benzinga Pro. McDonald’s shares slipped […]
Responsive image

Trump’s Administration Drives ‘Renewed Optimism’ For Pebble Project (Copper)

The Pebble Mine project in Alaska has entered 2025 with a “renewed sense of optimism. “After being blocked by the Biden administration due to environmental concerns, a change of administration has reignited hopes for its advancement. In a letter to shareholders, Ron Thiessen, CEO of Northern Dynasty Minerals (AMEX:NAK), the project’s owner, noted the shifting […]
Responsive image

Jim Cramer: This Health Care Stock Is A ‘Winner,’ Buy Bitcoin Instead Of Coinbase

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying AbbVie Inc. (NYSE:ABBV), saying it’s “just a gem” and a “winner.”  He added, “I can’t believe the stock dropped so much.” On Jan. 31, AbbVie reported fourth-quarter adjusted earnings per share of $2.16, beating the street view of $2.11. Quarterly sales of $15.102 billion, outpacing […]
Responsive image

Here’s How Nvidia’s Jensen Huang Uses AI To Work Smarter and Get More Done

Jensen Huang, the CEO of Nvidia Inc. (NASDAQ:NVDA), has revealed that he uses AI chatbots to create initial drafts. What Happened: Huang, who leads a company known for producing high-performance computer chips that power AI large language models, uses a variety of chatbots, including Google’s Gemini and OpenAI’s ChatGPT. “I give it a basic outline, give it some PDFs of my previous talks, […]

    Newsletter

    What’s Going On With NIO Shares Wednesday?

    September 4, 2024

    NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session on Wednesday. According to Benzinga Pro, NIO stock has gained over 6% in the past month. Investors can gain exposure to the stock via KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) and Invesco Golden Dragon China ETF (NASDAQ:PGJ). Last month, the electric vehicle (EV) manufacturer […]
    Read More