Category: Investing

Shopify Announces Major Acquisition of 6 River Systems

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Shopify will acquire 6 River Systems for $450 million…

Shopify announced late Monday that it agreed to purchase 6 River Systems in a deal worth $450 million. The deal consists of about 60% in cash and 40% in Shopify Class A shares.

6 River Systems is a leader in warehouse fulfillment solutions. It’s best known for its collaborative mobile robots dubbed “Chuck,” which can assist in warehouse operations.

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Lululemon Stock Stretches up With Q2 Earnings

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The athletic apparel company seems in good shape as its shares rise on earnings beat…

Lululemon released its second-quarter earnings report on Thursday, revealing a very strong performance that topped Wall Street expectations. The company’s shares jumped by as much as 5% in after-hours trading on the news.

Lululemon also bumped its full-year guidance based on the recent growth of its men’s and women’s apparel sales.

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Stripe Moves into the Lending Business

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Stripe creates Stripe Capital to start offering loans…

One of the most valuable fintech startups in the world, Stripe, is moving into a new area of business. Last valued at $22.5 billion, the company announced on Thursday that it’s launching a new lending service called Stripe Capital.

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Sluggish GE Stock Sees Rise for Two Consecutive Days

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Why is GE performing better this week?

Investors holding battered General Electric stock and others who want to see the company do well will be excited by this morning’s pre-market jump … GE’s price value moved to a new $9 point before the bell.

This 2% jump follows close inspection of GE’s insurance holdings and general accounting practices by financial experts. Wolf Research analyst Nigel Coe reportedly called findings “the apogee of the GE bear case” (hint: that’s a compliment).

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Slack Stock Takes a Post-Earnings Dive

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Slack’s Q2 earnings were less than impressive…

Shares of Slack Technologies dropped about 15% on Wednesday after the company’s Q2 earnings report failed to wow investors.

Despite having a solid quarter overall, weak guidance overshadowed the company’s performance. And some investors are losing confidence in the communications company.

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Can Cloudflare’s IPO Succeed Despite Past Controversies?

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Cloudflare joins the ranks of 2019’s tech companies to offer an initial public offering…

Cloudflare Inc. is set to be the next big tech company to go public in 2019. Here’s what the company offers: “Cloudflare provides a scalable, easy-to-use, unified control plane to deliver security, performance, and reliability for on-premises, hybrid, cloud, and SaaS applications.”  That’s according to the company’s website.

In short, this company is all about the cloud. And some of its major clients include Zendesk, Udacity, DigitalOcean, and more.

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Is Care.com a Budding ‘Safe Haven’ Investment?

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Investment in Care.com may show an increasing appetite for non-conforming stocks.

Inside investment in the company Care.com is catching attention from investors … The stock saw a significant bump this morning amid a general market downturn.

Overall, the Dow Jones Industrial Average has fallen a couple of hundred points over the past month, but within the general melee, some stocks are still attractive to some investors…

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H&R Block Stock Drops After Earnings

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H&R Block misses the mark on Q1 earnings…

H&R Block released its first-quarter earnings results on Wednesday, revealing lower-than-expected revenue. The company’s stock opened on Wednesday at $26.80 and dropped nearly 7% after the earnings report.

The tax preparation company reported a net loss of $150.2 million, down from $152.7 million in the same quarter last year. This translates to a net loss per share of 74 cents, the same as it was in last year’s quarter.

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Can the Peloton IPO Power Through Weak Financials?

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IPO documents give investors a closer look at Peloton’s financials.

On Tuesday, at-home fitness equipment manufacturer Peloton revealed the documents it filed ahead of its initial public offering. The company confidentially filed for IPO in June.

Peloton specializes in producing exercise cycles and treadmills with screens that allow users to join in on live and pre-recorded fitness classes from home. Members have to pay a monthly subscription fee to access these classes on their equipment or through the Peloton app.

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Guggenheim Upgrades Lyft to ‘Buy’

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Lyft may reach profitability sooner than expected.

Lyft’s price increases may help the company become profitable sooner than many anticipated, according to Guggenheim.

As a result, the investment firm has upgraded Lyft to ‘buy’ with a price target of $60. After closing at $49 on Friday, Lyft stock jumped by about 4% on Monday. The price target is around 20% higher than Lyft’s current share price.

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