Category: Article – Media

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Article: Why Palantir Technologies Stock Is Falling Today

Article - Media, Publications

Why Palantir Technologies Stock Is Falling Today

Lou Whiteman, 16 February 2021

Shares of Palantir Technologies (NYSE: PLTR) fell as much as 10% on Tuesday after the company released fourth-quarter results and provided guidance for the years to come. The company is forecasting dramatic growth in 2021, but much of that is arguably already priced into the shares.

Before markets opened on Tuesday, Palantir said it lost $0.08 per share in the fourth quarter on revenue of $322 million. The earnings fell short of Wall Street’s $0.02 per-share profit estimate, but the revenue beat by about $22 million.
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Article: $1,000, 5 Years Later: Valeant’s Wild Ride To Bausch Health

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$1,000, 5 Years Later: Valeant’s Wild Ride To Bausch Health

Wayne Duggan, 16 February 2021

Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500
SPY total return in the last five years is 131.9%. But there is no question some big-name stocks performed better than others along the way.

Valeant’s Downfall: One company that has been a disastrous investment in the last five years is health care company Bausch Health Companies Inc BHC 0.06% , formerly known as Valeant Pharmaceuticals. Not only has Bausch lagged the overall market in the last five years, Valeant represents one of the most infamous stock collapses in recent decades. Bausch produces pharmaceutical products and generic drugs. It is also the parent company of eye health products leader Bausch & Lomb.
Continue reading “Article: $1,000, 5 Years Later: Valeant’s Wild Ride To Bausch Health”

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Article: Short-Seller Spruce Point Targets Leidos Holdings

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Short-Seller Spruce Point Targets Leidos Holdings

Lou Whiteman, 16 February 2021

Spruce Point Capital Management, an investment firm best known for its short-selling recommendations, on Tuesday warned that it sees mismanagement and potential fraud in Leidos Holdings (NYSE:LDOS) and forecast up to 60% downside risk to the company’s shares. Continue reading “Article: Short-Seller Spruce Point Targets Leidos Holdings”

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Article: A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard.

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A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard.

Ed Lin, 15 February 2021

A large pension recently made big changes in its U.S.-traded investments. British Columbia Investment Management raised its investment in marijuana stock Aurora Cannabis (ticker: ACB), and bought more Mastercard (MA) stock, while it cut positions in Visa (V) and Shopify (SHOP) stock in the fourth quarter. The manager of the Canadian province’s public funds disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.

BCI, as the pension is known, declined to comment on the investment changes. It manages $135 billion in assets. BCI bought 232,058 additional shares of Aurora Cannabis to end 2020 with 290,404 shares.
Continue reading “Article: A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard.”

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Article: The $63 TRILLION Dollar Company that Robinhood CEO Vlad “Doesn’t Really Know the Details of” and the $GME Scandal

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The $63 TRILLION Dollar Company that Robinhood CEO Vlad “Doesn’t Really Know the Details of” and the $GME Scandal

Inverseyourself, 15 February 2021

Yes, there is a US company with assets of $63 trillion that you haven’t heard about. That’s a problem. And it’s time this company that’s relevant to the $GME scandal testify to Congress. The People demand to know if the system is working fairly for all.
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Article: Exposing The Robinhood Scam: Here’s How Much Citadel Paid To Robinhood To Buy Your Orders

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Exposing The Robinhood Scam: Here’s How Much Citadel Paid To Robinhood To Buy Your Orders

Tyler Durden, Zero Hedge, 14 February 2021

Frankly, we’ve had it with the constant stream of lies from Robinhood and neverending bullshit from the company’s CEO, Vlad Tenev.

With Tenev scheduled to testify on Thursday, alongside the CEOs of Citadel, Melvin Capital and Reddit, the apriori mea culpas have started to emerge – if a little too late – the former HFT trader spoke late on Friday on the All-In Podcast hosted by Chamath Palihapitiya, who had strongly criticized Robinhood over the trading restrictions, and Jason Calacanis, a Robinhood investor, and said that “no doubt we could have communicated this a little bit better to customers.”

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Article: Is Now The Time To Look At Buying Avery Dennison Corporation (NYSE:AVY)?

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Is Now The Time To Look At Buying Avery Dennison Corporation (NYSE:AVY)?

Simply Wall St, 12 February 2021

Let’s talk about the popular Avery Dennison Corporation (NYSE:AVY). The company’s shares received a lot of attention from a substantial price increase on the NYSE over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, what if the stock is still a bargain? Let’s take a look at Avery Dennison’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Is Avery Dennison still cheap?

The stock is currently trading at US$173 on the share market, which means it is overvalued by 40% compared to my intrinsic value of $123.96. This means that the buying opportunity has probably disappeared for now. Furthermore, Avery Dennison’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range.
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Article: Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators

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Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators

Jeff Benjamin, 12 February 2021

Purpose Investments announced Friday morning that it has been cleared by Canadian securities regulators to launch Purpose Bitcoin ETF (BTCC), which is the first Bitcoin ETF in North America to gain regulatory approval, according to Bloomberg.

The new ETF is scheduled to start trading on the Toronto Stock Exchange next week and will be available to U.S. investors through brokerages that have access to the Canadian exchange.

There are a handful of other active filings awaiting regulatory approval in Canada, as well ETF filings before the Securities and Exchange Commission in the U.S. from VanEck and Bitwise Asset Management. Continue reading “Article: Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators”

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Article: International brokers sued over naked short selling allegations

Article - Media

International brokers sued over naked short selling allegations

Alex Pugh, SecuritiesFinanceTimes, 12 February 2021

CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies in US and Canadian stock markets by a Bermuda hedge fund that claims to have lost tens of millions of dollars as a result.

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Article: CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies

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CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies

onlymadethistoupvote, 12 February 2021

International brokers sued over naked short selling allegations CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies in US and Canadian stock markets by a Bermuda hedge fund that claims to have lost tens of millions of dollars as a result.

Harrington Global Opportunity Fund has filed a suit at the US District Court for the Southern District of New York alleging that various US and Canadian financial institutions, through their broker divisions, manipulated markets and drove down pharmaceutical company ADVANZ PHARMA’s (formerly Concordia) share price in 2016. Continue reading “Article: CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies”

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Article: Form 424B5 Antelope Enterprise Holdings Ltd

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Form 424B5 Antelope Enterprise Holdings Ltd

Toppan Merrill, 12 February 2021

We are offering 588,236 common shares at a price of $3.57 per share (the “Shares”) to selected institutional investors pursuant to this prospectus supplement and the accompanying prospectus and a securities purchase agreement with such investors. In a concurrent private placement, we are selling to such investors warrants to purchase 588,236 common shares (the “Warrants”). The Warrants and the common shares issuable upon the exercise of the Warrants are being offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act and Rule 506(b) promulgated thereunder, and they are not being offered pursuant to this prospectus supplement and the accompanying prospectus.

As of February 11, 2021, the aggregate market value of our outstanding common shares held by non-affiliates was approximately $8.69 million, based on 3,108,020 outstanding common shares, of which outstanding shares 2,269,037 were held by non-affiliates, and a per share price of $3.83 based on the closing price of our common shares on February 11, 2021.

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Article: Form 6-K Antelope Enterprise Holdings Ltd

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Form 6-K Antelope Enterprise Holdings Ltd

Toppan Merrill, 12 February 2021

On February 12, 2021, Antelope Enterprise Holdings Ltd. (f/k/a China Ceramics Co., Ltd.) (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”) for the sale by the Company of 588,236 common shares (the “Common Shares”), at a purchase price of $3.57 per share. The Common Shares were offered by the Company pursuant to its shelf registration statement on Form F-3 (File No. 333-228182), which was declared effective by the Securities and Exchange Commission on November 19, 2019. Continue reading “Article: Form 6-K Antelope Enterprise Holdings Ltd”

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Article: Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering

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Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering

PRNewswire, 12 February 2021

JINJIANG, China, Feb. 12, 2021 /PRNewswire/ — Antelope Enterprise Holdings Ltd. (f/k/a China Ceramics Co., Ltd.) (NASDAQ Capital Market: AEHL) (the “Company”), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that it has entered into a definitive agreement with three institutional investors for a registered direct offering of securities with gross proceeds of approximately $2.1 million, before payment of commissions and expenses. The closing of the offering is expected to take place on or about February 17, 2021, subject to the satisfaction of customary closing conditions. Continue reading “Article: Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering”

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Article: Federal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ

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Federal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ

Noor Zainab Hussain, 11 February 2021

(Reuters) – Federal prosecutors and regulators are investigating whether “market manipulation or other types of misconduct” led to a meteoric rise in shares of companies such as GameStop and AMC, the Wall Street Journal reported on Thursday.

The Justice Department’s fraud section and the San Francisco U.S. attorney’s office have sought information about the trading from brokers and social-media companies that were hubs for the trading, the WSJ reported, citing people familiar with the matter. on.wsj.com/3abznn1

Prosecutors have subpoenaed information from brokers such as Robinhood, according to the report.

Additionally, the Commodity Futures Trading Commission has opened a preliminary investigation into whether misconduct occurred as some Reddit traders targeted silver futures, the WSJ report.

A Justice Department spokesperson did not immediately respond to a Reuters request for comment.

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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?