Photo: Getty Images Michael Harris II had a great season for the Atlanta Braves. The centerfielder won National League Rookie of the year with a 135 OPS-plus and 19 home runs, and a 5.3 overall war. The Braves saw this coming and inked him to an eight-year, $72 million contract this summer. Seems generous to … Read more
Walmart is gaining popularity with richer consumers looking for savings at a time of high inflation, boosting its third-quarter results even as it agreed to pay $3.1bn to states that had sued over its role in the US opioids crisis. The cost-cutting retailer, known for its appeal to cash-strapped families, took a larger share of … Read more
AMC (AMC) CEO Adam Aron is preparing to go on a shopping spree if struggling theater operators begin to sell their locations amid financial struggles. “I think there’s going to be an opportunity for us to pick up theaters quite inexpensively and pick up really high-quality theaters and potentially quite profitable theaters,” Aron said on … Read more
Chinese Stocks Look Cheap. But Bargain Hunters Risk Losing Big. Source link
Another brutal selloff for China’s tech champions presents U.S. investors with a dangerous bargain. Shares like Alibaba are deeply discounted compared with their U.S. counterparts. But “shares” might be the wrong word to describe them. Cryptostock, perhaps. Gains depend on a form of economic make-believe that’s becoming increasingly difficult to buy into. Two years ago, … Read more
Pep Guardiola spent much of his press conference after Manchester City’s straightforward 4-0 win over Southampton on Saturday discussing the impact of his summer signing from Borussia Dortmund. But this time it was the other one. Erling Haaland did score the fourth goal against Saints but it was the performance of Manuel Akanji, a £15m … Read more
Text size Intel CEO Pat Gelsinger said business may be a “little bit worse” since they gave guidance on second quarter earnings call in late July. Courtesy Intel Corporation With semiconductor stocks tumbling again, some chip investors may think it is time to go bargain hunting. That is not a good idea. While share prices … Read more
The outlook for aluminum is brightening, and so are the prospects for Alcoa, probably the best pure play on the versatile and light metal—and a cheap one. Alcoa stock (ticker: AA) looks like a bargain, trading at a level that doesn’t reflect its issuer’s favorable operating costs, improved balance sheet, increased shareholder returns, and one … Read more
In January, the United Kingdom pharmaceutical firm GSK turned down Unilever offer of 50 billion pounds sterling, or about $60 billion, to buy its consumer healthcare division, saying the price was too low. Six months later, the former division is a stand-alone public company called Haleon (ticker: HLN), with a market value of £24 billion, … Read more
Opendoor has more than doubled the number of metro markets in which it operates, to more than 50, since 2021. Courtesy of OpenDoor Text size When Zillow Group abandoned its online buying of homes in November, investors walked. Zillow’s exit, however, also knocked half off the stocks of Opendoor Technologies and Offerpad Solutions , two … Read more