February FinTech M&A Frenzy
Lending Club become first FinTech to acquire a bank; Morgan Stanley acquires E*Trade; Intuit acquires Credit Karma; Green Dot gets activist shareholder pressure. [more]
Lending Club become first FinTech to acquire a bank; Morgan Stanley acquires E*Trade; Intuit acquires Credit Karma; Green Dot gets activist shareholder pressure. [more]
We have completed a comprehensive review of the possibility of a recession occurring in the USA in the near future. While there is no expectation currently, if Covid-19 escalates globally, the situation could change very quickly. [more]
Public Space Companies: Virgin Galactic (NYSE: SPACE), DISH Network Corporation (NASDAQ: DISH), Aerojet Rocketdyne (NYSE: AJRD), and Maxar Technologies (TSX: MAXR); Private Space Companies: SpaceX [more]
Kuuhubb’s vision is to become a major player in the mobile games market for female gamers, as it believes this segment is currently underserved. We are Initiating Coverage on Kuuhubb with a Buy rating and one-year price target of C$1.85/share. [more]
Canopy’s stock price has dropped 51% in the past year but as it progresses towards profitability, its stock price has started an upward trend with a 14% increase year-to-date. [more]
The Energy Sector fared a little better over the last two weeks. However, our Model Oil Portfolio dropped 0.9% and is now down 5.7% since inception on June 2, 2019 while, for 2020, it is off 14.6%. Many of the benchmarks we use are also struggling. The fear is that the coronavirus could spread globally and instigate a significant slow-down in a variety of economic areas. [more]
Despite the third day in a row of a decreasing number of new coronavirus cases, the virus could yet turn into an uncontrollable global pandemic. Bill Gates worries that the virus, if it reaches Africa, could wipe out ten million people. [more]
The new deals represent Newgioco’s continued growth in the U.S. regulated sports betting market. NASDAQ listing should improve visibility and liquidity. Recent merger pegs Newgioco’s value at over $300 million on a comparative basis. [more]
Uber and Lyft, the two largest ride-sharing companies competing to be the leader in the global markets, just released their Q4/2019 earnings and guidance for 2020. In 2019, Uber had quarterly net loss of US$1.1B and annual loss of US$8.5B; Lyft had quarterly net loss of US$356M and annual loss of US$2.6B. Both plan to be EBITDA positive by the end of 2020. [more]
Alibaba, Amazon, Google, IBM, Microsoft and Oracle are all fighting for a pie of an industry growing at over 20% per year & estimated to be almost $75B by 2022. [more]
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