Service Stocks

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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Youngevity International YGYID Stock News

Youngevity International Inc (NASDAQ: YGYI) is having a relatively strong day in the market today, and for good reason. The company announced the launch of a new product early this morning through a press release. Of course, this led to excitement among investors, who sent the stock upward, prompting our partners at Trade Ideas to alert us to the gains. At the moment (10:42), YGYI is trading at $4.68 per share after a gain of $0.12 per share or 2.53% thus far today.





YGYI Gains On Launch Of Snap2Finish

As mentioned above, Youngevity International is having a strong start to the trading session today, and for good reason. The company announced the launch of Snap2Finish photo merchandise creation software in the United States and Canada. The software, available at www.Snap2Finish.com works through the combination of the tools and templates, ultimately offering a simplified design process.




Snap2Finish is an intuitive system that is mobile friendly. This ultimately gives anyone the ability to turn their favorite pictures into a large variety of gifts and products. These include photobooks, custom coffee mugs, custom travel mugs, photo puzzles, beach towels, and home decore items including metal prints, canvases, blankets and pillows. In a statement, Steve Wallach, Co-founder and CEO at YGYI, had the following to offer…

The photo printing and merchandise industry is already a $16.8 billion industry that is projected to become a $21.7 billion industry by the end of 2026… We have very positive performance expectations for Snap2Finish – we see it having the potential to be a key driver for our Photo Merchandise entry within the Home and Family vertical product category.”

The above statement was followed up by Dave Briskie, President and CFO at YGYI. Here’s what he had to say…

We are proud to launch Snap2Finish today and happy to offer another product category to our distributors that they can now bring to their customers… We are enthusiastic about our partnership with Fuji and quite pleased with the quality they are bringing to our Snap2Finish technology. We anticipate expanding these capabilities to our Australia and New Zealand markets later this year.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on YGYI. With recent acquisitions, new product launches, and more, there’s definitely plenty to watch. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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NRG Energy NRG Stock News

NRG Energy Inc (NYSE: NRG) is having an overwhelmingly strong day in the market today, and for good reason. The company announced plans to sell a massive amount of assets, causing excitement among investors and prompting our friends at Trade Ideas to alert us to the gains. Currently (11:07), NRG is trading at $19.29 per share after a gain of $2.99 per share or 18.34% thus far today.





NRG Gains On Plans To Sell Assets

NRG Energy has had a rough time as of late. Unfortunately, the Northeast electric utility company has been hemorrhaging money. However, with plans to sell assets, investors are excited about the stock today. The company announced early this morning that it plans on raising up to $4 billion through the sale of assets. This comes amid an attempt to reduce debt by $13 billion, cut costs, and ultimately turn a profit on their operations. NRG said in a statement that it intends on selling its entire renewable energy business, known as NRG Yield.




NRG is one of the largest energy companies in the Northeast. The company is responsible for the production of energy as well as sales and deliveries to New York, Chicago, Houston, Washington, D.C., and other large markets. The company produces about 45,900 megawatts of energy generating capacity throughout 30 United States states as well as Canada. However, the company has also lost around $7 billion over the past couple of years, making this asset sale incredibly attractive.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NRG. In particular, we’re interested in following the asset sale to see if the company does end up with the $4 billion it is hoping for. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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PayPal Holdings Inc PYPL Stock News

PayPal Holdings Inc (NASDAQ: PYPL) is having a strong day in the market today, and for good reason. Investors learned late yesterday that the payment option has been added to iTunes. Of course, this led to excitement among investors, who pushed the stock upward, prompting our partners at Trade Ideas to alert us to the gains. At the moment (10:47), PYPL is trading at $56.76 per share after a gain of $2.00 per share (3.64%) thus far today.





PYPL Gains After Being Added As An iTunes Payment Method

Apple’s iTunes is an overwhelmingly popular online store that offers music, videos, and more. However, in the past, if you wanted to use PayPal to make your purchases at the online store, well, you were out of luck. However, that’s no longer the case. Late yesterday, PYPL announced that its systems have been added to iTunes as a payment method. Here’s what PYPL had to offer:




Starting today in Canada and Mexico, and rolling out in other countries including the US soon after, PayPal customers will be able to pay for App Store, Apple Music, iTunes and iBooks purchases across iPhone, iPad and iPod Touch devices using their PayPal account. This provides a secure and versatile payment method to meet the growing demand for digital entertainment. PayPal’s availability across Apple’s services further expands our vision of providing customers a variety of ways to easily make mobile purchases, such as asking Siri to make a payment using the PayPal app.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on PYPL. In particular, we’re interested in seeing  the revenue that comes as a result of being added to the iTunes payment options. We’ll continue following the story and bringing the news to you as it breaks!

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Whole Foods Market, Inc. WFM Stock News

Whole Foods Market, Inc. (NASDAQ: WFM) was off to a relatively flat start in today’s trading session. However, that all changed minutes ago as the stock started to spike toward the top. The gains seem to be the result of a leveraged buyout rumor. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:42), WFM is trading at $42.13 per share after a gain of $0.28 per share (0.68%) thus far today.





WFM Gains On LBO Chatter

As mentioned above, Whole Foods Market is having a pretty strong time in the market at the moment, thanks to rumors of a leveraged buyout. The idea here is that Costco Wholesale Corporation (NASDAQ: COST) has a management team that’s working on putting together funding for a leveraged buyout with a total price of $15 billion. This one is very interesting, considering that Amazon recently announced that it would be purchasing WFM for more than $13 billion. So, it will be interesting to see how this thing shakes out.




It’s important to keep in mind that rumors are nothing new to the stock market. The truth is that we see them all the time. In fact, about an hour ago, a rumor broke that GIS would be taken over… something that is highly unlikely. So, if you’re going to trade WFM based on the rumors, please be sure to do so with caution.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on WFM. In particular, we’re interested to see how this rumor plays out. If COST does raise the funding and WFM does take the offer, where does that leave AMZN? Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Best Buy Co Inc BBY Stock News

Best Buy Co Inc (NYSE: BBY) is having an overwhelmingly rough day in the market today in what is being called the Amazon effect. You see, Amazon.com, Inc (NASDAQ: AMZN) has been putting some pain on the retail sector, and they seem to be coming out with a product that’s putting serious pressure on Best Buy. As a result, concerns rose among investors, leading to the massive declines and prompting our friends at Trade Ideas to alert us to the losses. At the moment (11:44), BBY is trading at $53.85 per share after a loss of $4.02 per share (6.95%) thus far today.





BBY Falls On AMZN Geek Squad

As mentioned above, Best Buy isn’t having the best of days in the market today. In fact, the stock has been trading in the red since the pre-market, and for good reason. A big piece of revenue for BBY happens to be their Geek Squad. This is a service that provides consumers with access to “geeks” in order to repair their computers and more. However, news broke that Amazon is interested in starting its own product that’s similar to the Geek Squad.




Of course, we know that when Amazon gets into something new, it doesn’t take very long for them to dominate the market. So, BBY investors are concerned that if AMZN does break into Geek-Squad-like services, Best Buy will feel some serious pain in that sector.

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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 AMZN and BBY. In particular, we’re interested in seeing if Amazon does indeed launch a competitor to Geek Squad and whether or not they will take a large part of the market share in that space. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Youngevity International YGYID Stock News

Youngevity International Inc (NASDAQ: YGYI) released some promising news today. The company announced that it has completed a key acquisition. Today, we’ll talk about that acquisition, what it means for the company, and what we’ll be watching for with regard to YGYI ahead.





YGYI Announces The Completion Of A Key Acquisition

As mentioned above, Youngevity International announced that it has completed a key acquisition today. The acquisition was of all assets of Sorvana International. The acquisition was originally announced on June 19th of this year when YGYI announced that it entered into a definitive agreement with Sorvana.




With the acquisition of Sorvana, YGYI will unify two natural wellness companies, including FreeLife and L’dara. FreeLife alone has been in business for 22 years, offering wellness products around the world, particularly in the United States, Canada, Australia, and the Philippines. L’dara focuseses largely on skincare products and was established in 2013. In a statement, Steve Wallach, Chairman and CEO at YGYI, had the following to offer…

We are very proud of having closed on the acquisition of Sorvana International. Sorvana embodies so many of the attributes we look for in an acquisition, ranging from the level of quality products, the amount of distributors and customers, and the geographic footprint the company currently has in the marketplace. We have been seeking to acquire an established company with international distribution and we are very fortunate to have find that opportunity in Sorvana.”

This statement was followed up by Dave Briskie, President and CFO at YGYI. Here’s what he had to offer…

Closing on this transaction is a great start to the second half of this very exciting year for Youngevity… The FreeLife and L’dara Brands along with their accompanying distribution represents both our largest top line revenue acquisition and the greatest data base of customers and distributors we have ever added to Youngevity. Their 22 year history as a successful direct selling company was a very compelling factor in our decision to pursue these brands as a desirable addition to Youngevity. We believe our two established cultures will create many benefits and cross marketing opportunities for both Youngevity and Sorvana distributors.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on YGYI. In particular, we’re interested in watching as this acquisition turns into added revenue for the company. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Globus Maritime Ltd GLBS Stock News

Globus Maritime Ltd (NASDAQ: GLBS) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company reported its earnings for the first quarter during the pre-market trading hours, beating expectations and causing excitement among investors. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:30), GLBS is trading at $1.70 per share after a gain of $0.43 per share or 33.86% thus far today.





GLBS Gains Big On Earnings

As mentioned above, Globus Maritime is having an incredible start to the trading session this morning after reporting solid earnings. Through the earnings report, investors learned that the company generated Q1 revenue in the amount of $2.693 million. Also, the daily time charter equivalent rate climbed dramatically. During the quarter, this figure came in at $5,079, compared to $2,211 in the same quarter last year. Here are a few key comments offered by GLBS management…




In Q12017, we took further steps to improve our balance sheet in order to position us better for the future and shield us from any near term market volatility. After working closely with our banks, we have managed to get some payment and waiver relaxations for 2017 and part of 2018.

The market started to soften recently but the signals we get for the market encourage us to remain cautiously optimistic. The fleet operated well in Q1 with no major technical or operational challenges.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on GLBS. In particular, we’re interested in following the company through what looks to be a tumultuous rest of the year. However, the company is cautiously optimistic, so there may be some positive surprises in the months ahead. Nonetheless, 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...