Peloton: JMP Securities Reiterates Rating Following Subscription Service Reports
Last week, the Wall Street Journal reported that Peloton Interactive (Nasdaq: PTON) was looking to offer a bundle of the bike and a monthly subscription for one single monthly price. This reported price was estimated to be between $60 and $100 a month. Peloton currently has 32 analysts covering the stock with an average 12-month […]
Core One Labs Looks To Sell Out To Big Pharma As Capital Dries Up In Psychedelics Space
Evidently there has been a shift of strategy behind the scenes at Core One Labs (CSE: COOL). The company late on Saturday night announced that it is currently in the process of investigating the potential of solicitating investment or a potential takeover of the company. Its unclear specifically what has lead the company down this […]
European Consumer Prices Soar by Most on Record Just as Russia Cuts Exports
Consumer prices across Europe soared by the most on record in February, and will likely continue increasing amid food and energy shortages in the wake of Russia’s war in Ukraine. Latest Eurostat data showed that European consumers paid a record 5.9% more for goods and services last month, up from January’s 5.1% annual increase. The […]
Tyson Foods Sees BMO Lower Price Target On Underlying Fundamental Market Issues
This week BMO Capital Markets’ elected to cut both their 12-month price target and as well as their rating on Tyson Foods (NYSE: TSN), saying “Our downgrade does not reflect a change in our long-term view of TSN’s ability to affect internal change through its actions, operational improvements, or capacity expansions.” But it’s the view […]
Moscow Exchange To Resume Trading Of Government Bonds On Monday
After postponing the reopening of the Moscow Exchange for three weeks, it appears that the Central Bank of Russia is finally ready to take its licks. It was announced on Friday that the exchange would be resuming trading at least to some degree as of the market open on Monday, after having been shuttered on […]
Eguana Tech: Cormark Initiates Coverage With $0.70 Price Target
On Friday, Eguana Tech (TSXV: EGT) received its third analyst price target, with Cormark Securities initiating coverage with a C$0.70 12-month price target and buy rating. Upon initiating, they stated that they are expecting the company to see a quarterly run rate of over 1,000 units exiting 2022. They add, “While there is still risk […]
Gary Ng Charges Bring More Questions Than Answers
There wasn’t a lot of new information in last week’s news about fraud charges against Gary Ng; former Chairman of PI Financial. The charges of fraud over $5,000 and money laundering are related to IIROC findings in November of 2020 that Mr. Ng’s 2018 all-cash purchase of PI was made with the proceeds of loans […]
Will A Wheat Shortage Cause A Humanitarian Food Crisis?
A food crisis looms on the horizon as Russia continues its invasion of Ukraine. The global impact of the conflict in Europe was immediately felt when the prices of oil and gas surged, affecting markets around the world. But threats mount as the war continues to cause critical disruptions in the global supply chain, including […]
LME Proposes Banning Russian Copper Shipments to its Warehouses
The copper committee of the London Metal Exchange is proposing a ban on all new shipments of Russian metal into its warehouses, in wake of Moscow’s military operation in Ukraine. According to Bloomberg, which cited people familiar with the matter, the committee recommended that the LME halts all deliveries of copper supplies from Russia into […]
Vladimir Putin Assures Mass Pro-War Rally That Russia Will Succeed in Ukraine
Russian President Vladimir Putin made a special appearance on Friday to explain the reasoning behind Russia’s military operation in Ukraine. Russian citizens packed into Moscow’s Luzhniki Stadium on Friday to show support for Putin’s invasion of Ukraine, waving flags and Pro-Russian slogans. The pep rally, which also incidentally marked the eighth anniversary of Russia’s annexation […]