Service Stocks

DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS) is having an overwhelmingly rough day in the market today, and for good reason. The company has been following unethical practices for quite some time, driving value down for investors while funneling money into the pockets of the CEO and others on the management team. As a result, multiple class action suits have been filed against the company, leading to fear and sending the value of the stock dramatically down. Of course, our partners at Trade Ideas were the first to alert us to today’s declines. At the moment (9:53), DRYS is trading at $1.30 per share after a loss of $1.70 per share or 56.64% thus far today.





DRYS Gets What It Deserves

Through past articles, I’ve worked to inform investors of unethical business practices at DRYS. With toxic financing, largely led by George Economy, the CEO of the company, himself, and various other unethical business practices, money has been funneled out of investor accounts and into the pockets of management, and a massive amount of it.




The company has largely gotten away with doing so as the result of misleading statements to its investors. While making these statements, DRYS has consistently moved forward with reverse stock splits, showing that the picture isn’t quite as pretty as Mr. Economou explained. In fact, this year alone, DRYS has processed a total of 5 reverse splits. However, looking to the past shows that this is just the tip of the iceberg. In fact to put this into perspective, if you own 1,000 shares today, before the first reverse split that took place in 2016, you now only own 0.00008503 shares. While the SEC claims that reverse splits are nothing more than cosmetic, the carnage these actions have created is incredible, causing many to lose more than 99.89% of their entire investment in just months!

If The SEC Doesn’t Play Ball, Class Action Attorneys Will!

Here’s the reality my friends… it is illegal and unethical to make misleading statements to investors, to act without a fiduciary responsibility to your investors, and to do so in an attempt to steal money from your investors and put that money in your pocket. While the SEC hasn’t decided to play ball quite yet, class action attorneys are all over this thing!

In fact, they are already starting to. Over the past few days, class action attorneys have been filing cases against the company. Just to name a few of these, Khang & Khang LLP, The Law Offices of Vincent Wong, and Lund Law PC have all announced class action suits against DRYS for misleading statements and other misrepresentations. However, they all need you to carry out the justice that should have been carried out before. With that said, if you’ve been taken advantage of by DRYS as so many have, I strongly suggest clicking on the links above and becoming part of these cases against the company. If all goes well, this will lead to money finally being funneled out of the slime bag, George Economou’s pockets and back into the investors’ pockets!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DRYS. In particular, we’re interested in following the various class action suits and seeing if they cause Economou to pump the brakes on his unethical business practices. While we don’t believe this will be the case, at least investors now have the opportunity to fight to get back at least some of what was lost! Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Sears Holdings Corp SHLD Stock News

Sears Holdings Corp (NASDAQ: SHLD) is having an incredibly strong day in the market today, and for good reason. Early this morning, the company announced a key agreement with Amazon.com, Inc. (NASDAQ: AMZN). While the terms of the agreement were not disclosed, it did indeed cause excitement among investors, leading to gains and prompting our partners at Trade Ideas to alert us to the movement. At the moment (10:03), SHLD is trading at $10.41 per share after a gain of $1.73 per share (19.93%) thus far today.





SHLD Gains Big On Deal With AMZN

As mentioned above, Sears Holdings is having an incredibly strong day in the market today after announcing an agreement with Amazon. Under the terms of the agreement, the full line of Kenmore Smart Appliances will be integrated with Amazon Alexa. The deal will help to expand the distribution of Kenmore outside of SHLD branded stores and related online platforms.




According to a press release offered early this morning, Kenmore Smart connected room air conditioners have already been integrated with Alexa and are now available on Amazon.com. While only the room air conditioners are available at the moment, the deal will soon expand to the entire line of Kenmore home appliances in all U.S. Market segments. In a statement, Edward S. Lampert, Chairman and CEO at SHLD, had the following to offer:

We continuously look for opportunities to enhance the reach of our iconic brands to more customers and create additional value from our assets… The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the U.S. At the same time, Sears Home Services and our Innovel Solutions unit will benefit from the relationship as more customers experience their quality services for Kenmore products purchased on Amazon.com.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SHLD. In particular, we’ll be watching to see how the relationship with Amazon works out, specifically with regard to sales of the Kenmore branded products. Nonetheless, we’ll continue to follow the story and bring it to you as it breaks!

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Chipotle Mexican Grill CMG Stock News

Chipotle Mexican Grill, Inc. (NYSE: CMG) is having a rough time in the pre-market hours this morning, and for good reason. By now, most of us know that one of the company’s restaurants was shut down yesterday due to severe illnesses being reported in customers after they ate there. While some are touting this as a reason to stay away from the stock, others are calling it a buying opportunity. So, which is the case here? Before we get into it, we’d like to give a special thanks to our partners at Trade Ideas for being the first to alert us to the movement on the stock. At the moment (9:00), CMG is trading at $371.18 per share after a loss of $3.80 per share (1.01%) thus far today.





For Those Of You Who Didn’t See The CMG News

As mentioned above, yesterday proved to be a rough day for Chipotle Mexican Grill. That’s because multiple instances of vomiting, diarrhea, severe stomach pain, dehydration, and nausea were reported after consumers ate at a CMG restaurant in Virginia.




According to the most recent reports, there have been a total of 8 reports made that indicate that at least 13 people have fallen ill after eating at the restaurant on Friday and Saturday. The symptoms of the illness were those expected of consumers who contract norovirus. Nonetheless, Jim Marden, Executive Director of Food Safety at CMG, says that it is safe to eat at their restaurants. Here’s what he had to say:

We are working with health authorities to understand what the cause may be and to resolve the situation as quickly as possible… The reported symptoms are consistent with norovirus. Norovirus does not come from our food supply, and it is safe to eat at Chipotle.”

Is This A Buying Opportunity?

There’s no doubt that there is a good reason that some are calling this a buying opportunity. After yesterday’s declines, followed by more today, if you wanted to get in on the investment, you’d be getting in at a discount. However, is that really a smart idea? Here’s the argument:

  • Those Who Are For CMG – Those who say that now is a good time to invest in Chipotle Mexican Grill point to the fact that this is an isolated event, so far, and that it will likely be cleared up relatively soon. Therefore, getting in now gives investors a discounted opportunity to get in on future gains.
  • Those Against The Buy – While some believe this is a great buying opportunity, others believe that if you buy now, you’re going to lose. Their argument is simple. It’s possible that the norovirus did indeed come from the CMG food supply. If this is the case, we will see more reports in the days, weeks, and months to come; ultimately dragging the stock further into losses.

So, when answering the buying opportunity question, the best way to answer is that it depends on your tolerance for risk. Are you willing to risk your working capital, knowing that it’s possible that this proves not to be an isolated event? If so, you may be in the running for big gains ahead.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CMG. In particular, we’re interested in following the news to see if this is indeed an isolated event that will be handled quickly, or if this will soon expand to other restaurants, proving to be a systemic issue. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS) is having an incredibly rough time in the pre-market hours today, and for good reason. In true DRYS fashion, the company announced yet another reverse stock split, causing fear among investors and driving the price of the stock dramatically down. Of course, our partners at Trade Ideas were the first to alert us to the losses. At the moment (8:38), DRYS is trading at $0.57 per share after a loss of $0.26 per share (31.57%) thus far today.





DRYS Announces Reverse Stock Split

As mentioned above, DryShips is off to an incredibly rough start in the pre-market hours this morning after the company announced yet another reverse stock split. The split will be a 1-for-7 split, meaning that for every 7 shares of the company you own now, you will soon own 1 share with 7 times the value.

The reverse split will take effect starting on July 21st, 2017. When this happens, the amount of shares issued and outstanding will fall dramatically. Currently, there are a total of 36,296,095 shares. However, this figure will be reduced to total shares amounting to about 5.2 million.




You Can’t Say I Didn’t Tell You So

The truth of the matter is that I’ve written about DRYS quite often over the past year or so, and for one simple reason. That reason has been to warn investors of the toxic management, toxic financing, and overall toxic situation over at DRYS.

Unfortunately, George Economou has created an interesting system that opens the pathway for his hand to reach deeper and deeper into the pockets of investors. Today’s news is simply another example of what he has done as the CEO of the company.

Another Warning

Finally, I’d like to offer another warning. At the end of the day, this wasn’t the first stupid move that DRYS has made, and it won’t likely be the last. In fact, following the reverse split, chances are that we will see more toxic financing, and I wouldn’t be surprised to see the name Kalani Investments involved in the process. The bottom line here is that you work hard for your money; stop giving it to a company whose shares have fallen 99.9% in just a few simple months. You don’t deserve the losses that DryShips management seems to be shoving down your throat!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on DRYS. In particular, we’re interested in following the company’s toxic business practices and doing everything we can to warn investors before they get involved in this losing battle. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Chipotle Mexican Grill CMG Stock News

Chipotle Mexican Grill, Inc. (NYSE: CMG) is having an incredibly rough day in the market today, as it seems like we’re heading for a blast from the past. Yes… that’s right… they are making people sick again! Of course, this led to declines in the value of the stock, prompting our partners at Trade Ideas to alert us to the movement. At the moment (10:55), CMG is trading at $374.53 per share after a loss of $17.47 per share (4.46%) thus far today.





CMG Makes Consumers Sick Again

As mentioned above, reports are breaking that are leading to some serious declines for Chipotle Mexican Grill. The reports are that a restaurant is making people sick in Virginia, a startling reminder of the last time multiple stores led to horrible illnesses for its customers. Nonetheless, CMG did issue a statement. Here’s what they had to offer:




We are aware of a small number of reported illnesses isolated to a single restaurant in Sterling, Virginia on Tripleseven Road, and have notified local health department officials. We are working with health authorities to understand what the cause may be and to resolve the situation as quickly as possible. The reported symptoms are consistent with norovirus. Norovirus does not come from our food supply, and it is safe to eat at Chipotle. We plan to reopen the restaurant today.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CMG. In particular, we’re interested in following the story surrounding the Virginia restaurant and interested to see if this issue spreads, as it did last time. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

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Netflix, Inc. NFLX Stock News

Netflix, Inc. (NASDAQ: NFLX) is off to an incredibly strong day in the market today, and for good reason. The company reported its earnings after the closing bell yesterday, beating expectations in various categories and exciting investors. Of course, this excitement led to gains, prompting our partners at Trade Ideas to alert us to the movement. At the moment (8:14), NFLX is trading at $176.20 per share after a gain of $14.50 per share (8.97%) thus far today.





NFLX Reports Second Quarter Earnings

As mentioned above, Netflix is off to an incredible start in the market this morning, and for good reason. The company reported results from the second quarter, and while earnings per share slightly missed the mark, revenue and subscriber growth definitely picked up the slack. Here’s what we saw from the earnings report:




  • Earnings Per Share – In terms of earnings per share, NFLX slightly missed the mark. During the quarter, analysts were expecting that the company would report earnings in the amount of $0.16 per share. However, the company actually reported earnings in the amount of $0.15 per share, falling a penny behind expectations.
  • Revenue – While earnings slightly missed the mark, that wasn’t the case when it comes to revenue. During the quarter, analysts expected that NFLX would generate revenue in the amount of $2.76 billion. However, the company reported total revenue in the amount of $2.78 billion.
  • The Big Story – Sure, financial data came in slightly below or slightly above expectations. So, what’s the big story? Well, the big story here is subscriber growth. During the second quarter, Netflix said it added a total of 5.2 million streaming subscribers. That figure absolutely blew Wall Street expectations away. In fact, Wall Street was expecting subscriber growth to come in at 3.2 million for the quarter. In the third quarter, NFLX expects to bring in 4.4 million new subscribers. This is also well ahead of analyst estimates of 3.99 million.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NFLX. In particular, we’re interested in following the growth in subscribers that the company has been able to amass. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

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Blue Apron Holdings Inc APRN Stock News

Blue Apron Holdings Inc (NYSE: APRN) is having a rough start to the day today in the pre-market hours after news broke that Amzon.com, Inc. (NASDAQ: AMZN) is continuing to work into the company’s industry. Through recent years, we’ve watched as Amazon has caused some serious industry disruption in the retail market, leading to the term “the Amazon effect” being coined. As is normally the case, our partners at Trade Ideas were the first to alert us to the losses. At the moment (9:24), APRN is trading at $6.87 per share after a loss of $0.49 per share or 6.66% thus far today.





APRN Is A Victim Of The Amazon Effect

As mentioned above, Blue Apron Holdings is having a rough day in the market as reports surface that Amazon is going to be getting into the company’s industry. At the moment, various reports are breaking out surrounding the idea that Amazon is making its way into the meal-kit delivery service, an industry that APRN has largely dominated through the years.




However, if there’s one thing that we know about AMZN, it’s that when the company gets involved in an industry, it quickly becomes a disruptive force. After all, the company is even giving WMT a run for their money.

The fear here for APRN investors is that Amazon will continue its record of success and dominate the meal-kit delivery industry shortly after they get into it. Of course, this would prove to be painful as it would ultimately cut into Blue Apron’s revenue.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both APRN and AMZN. After all, we’re interested in seeing what Amazon does with the meal-kit delivery industry and how it will effect Blue Apron. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Yandex NV YNDX Stock News

Yandex NV (NASDAQ: YNDX) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced a deal with Uber that is overwhelmingly exciting to investors. Of course, this is leading to gains in the value of the stock, which prompted our friends at Trade Ideas to alert us to the movement. At the moment (10:41), YNDX is trading at $31.34 per share after a gain of $4.10 per share (15.00%) thus far today.





YNDX Gains On Deal With Uber

As mentioned above, Yandex is having an incredibly strong day in the market today after announcing that it has entered into an agreement with Uber. Under the agreement, the two companies will combine their ride sharing businesses in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus, and Georgia. As a result of the agreement, a new company known as NewCo will be formed.




The agreement states that Uber has agreed to invest $225 million into the new company and YNDX will invest $100 million. The new company is valued at $3.725 billion on a post-money basis. Once the deal is closed, YNDX will own approximately 59.3% of the company with Uber owning about 36.6% of the company with 4.1% of the company being owned by employees. In a statement, Tigran Khudaverdyan of Yandex.Taxi, had the following to offer:

This combination greatly enhances Yandex’s ability to offer better quality service to our riders and drivers, to quickly expand our services to new regions, and to build a sustainable business… The combined companies currently perform over 35 million rides a month while growing over 400% year-over-year. Since founding Yandex.Taxi in 2011, we have connected tens of millions of riders and drivers to become the largest and most trusted ridesharing buainess in Russia and neighboring countries. We are excited to expand on this foundation in collaboration with Uber.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on YNDX and NewCo. While the agreement is subject to customary closing conditions, this could prove to be a big win for the company if it does indeed close. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Shopify Inc (US) SHOP Stock News

Shopify Inc (US) (NYSE: SHOP) is having a relatively strong start to the trading session this morning after announcing a partnership with eBay Inc (NASDAQ: EBAY). As we would expect, excited investors started to send the stock toward the top when news of the partnership broke. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:56), SHOP is trading at $95.79 per share after a gain of $1.11 per share (1.17%) thus far today.





SHOP Enters Partnership With EBAY

As mentioned above, Shopify is having a strong day after announcing that it is expanding its multichannel commerce platform with the help of a partnership with eBay. In a press release, the company said that SHOP merchants will be able to sell their products on eBay directly from their SHOP account as a result of the deal reached with EBAY. As a result, Shopify Merchants will have the ability to automatically sync inventory information like product titles, descriptions, item specifications, price, and quantity from their account to eBay.




This is incredibly strong news. After all, eBay boasts 169 million active buyers, an audience that SHOP is excited to get in front of. Of course, this benefits eBay as well. After all, due to the agreement, buyers on eBay will now have a larger selection thanks to hundreds of thousands of SHOP merchants. In a statement, Satish Kanwar, VP of Products at Shopify, had the following to offer:

Shopify is the industry leader when it comes to multi-channel commerce, and we look to partner with the best and biggest platforms to bring new sales opportunities to our merchants… The eBay channel has the potential to introduce our merchants to eBay’s millions of buyers, exposing merchants to a massive number of new sales opportunities.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on SHOP. In particular, we’re interested in seeing how the partnership with eBay expands revenue and profits. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Target Corporation TGT Stock News

Target Corporation (NYSE: TGT) is having a strong time in the pre-market hours this morning, and for good reason. The company released information with regard to traffic in stores and expectations for the second quarter. The high expectations led to excitement among investors, leading to gains in the value of the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (9:11), TGT is trading at $53.46 per share after a gain of $2.59 per share (5.09%) thus far today.





TGT Gains On Second Quarter Expectations

As mentioned above, Target Corporation is having a strong start in the pre-market hours this morning after updating investors with regard to what to expect in the second quarter. The company said that due to improved foot traffic and sales trends for the first two months of the quarter, it is expecting a modest increase in comparable sales. If this does happen, it will prove to be the first time in five quarters.




This is overwhelmingly positive news. After all, the previous forecast surrounding comparable sales was not so good. In fact, TGT originally expected a single-digit decline. Another bit of positive news came by way of profit forecasts. The company said early this morning that it is expecting second quarter profits to come in above its forecast range of $0.95 to $1.15 per share.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TGT. In particular, we’ll be following the company to see if the second quarter was indeed as positive as expected. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...