Service Stocks

OneMain Holdings Inc OMF Stock News

OneMain Holdings Inc (NYSE: OMF) is having an overwhelmingly strong start to the trading session this morning, and for good reason. It was announced early this morning that an Apollo-led group of investors have purchased a massive stake in the company. Of course, this led to excitement among investors. Today, we’ll talk about the news, what we’re seeing from OMF, and what we’ll be watching for ahead.





OMF Gains Big On Large Investment

As mentioned above, OneMain Holdings is having an incredibly strong start to the trading session this morning after announcing that a massive stake in the company has been purchased. According to the press release, a group of investors led by Apollo Global Management, LLC have purchased approximately 40.5% of the company.

Under the terms of the agreement, the group will purchase all of Fortress’ remaining equity interest in OMF for a value of $26.00 per share. The transaction, which will lead to the Apollo-led group owning about 40.5% of the company, is expected to close in the second quarter of 2018. However, the deal is still subject to customary closing conditions as well as regulatory approval. In a statement, Matthew Michelini, Partner at Apollo, had the following to say about the agreement with OMF:




“We are tremendously excited for our managed funds, together with Värde, to acquire a significant position in OneMain… As one of America’s premier consumer finance companies, we believe OneMain is exceptionally well-positioned for continued growth and innovation. We look forward to working with OneMain’s dedicated team of employees and leveraging Apollo’s resources and deep expertise in financial services as the Company embarks on the next chapter of its long history of success.”

The above statement was followed up by Jay Levine, President and CEO at OMF. Here’s what he had to say:

“We appreciate all of the support and insight that Fortress has provided as a key partner and majority investor over the last seven years of our Company’s journey… With a clear path forward to achieve our long-term objectives, we are confident that the thought leadership and expertise represented by this new investor group will be instrumental as we build further shareholder value.”

What We’re Seeing From the Stock

With news of such massive interest in OneMain Holdings and strong words of encouragement from some of the most trusted leaders in finance, it’s no surprise that investors are excited about the stock today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:25), OMF is trading at $33.09 per share after a gain of $6.50 per share (24.45%) thus far today.

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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 OMF. In particular, we’re interested in watching as the relationship builds between the company and the group of investors that just purchased this large stake. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Cogint Inc COGT Stock News

+Cogint Inc (NASDAQ: COGT) is having an overwhelmingly strong start to the trading session in the pre-market hours this morning, and for good reason. The company announced the formation of a strategic alliance that is proving to be exciting to investors. Today, we’ll talk about the alliance, what we’re seeing from the stock, and what we’ll be watching for ahead.





COGT Gains On Strategic Alliance

As mentioned above, Cogint is having an incredibly strong start to the trading session in the pre-market hours this morning after announcing the formation of a strategic alliance. The company announced that it has formed a strategic alliance with Dragonchain, Inc., a blockchain-based company out of Seattle.

According to the press release, COGT and Dragonchain will be working together on the implementation of Cogint solutions, including asset tracking, identity verification, fraud prevention, and transaction security within the Dragonchain blockchain platform. Ultimately, the two are working toward a goal of integration of mission-critical business applications with the secure, serverless, scalable Dragonchain blockchain platform. Ultimately, this should empower businesses to adopt the Dragonchain blockchain platform for their daily business needs. In a statement, Derek Dubner, CEO at COGT, had the following to offer:




“We are excited to form an alliance with Joe, Eileen and the Dragonchain team… We are intrigued by Dragonchain’s application across disparate enterprises to drive secure transactions. We believe that combining Cogint’s differentiated abilities to deliver asset tracking, identity verification, fraud prevention, and secure transactions with the Dragonchain blockchain platform will accelerate adoption of the platform by enterprises, as well as instill confidence in counterparties and the investing public in not only Dragonchain but the emerging blockchain and cryptocurrency industries.”

What We’re Seeing From The Stock

As investors, one of the first things that we learn is that the news moves the market. Lately, any news associated with the blockchain has been strong market-moving news. So, it’s no surprise that with Cogint’s announcement of a move toward the blockchain, the stock is flying for the top. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:55), COGT is trading at $6.20 per share after a gain of $1.45 per share (30.53%) thus far today.

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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 COGT. In particular, we’re interested in following this collaboration and excited to see the fruits of the labor put in by both companies. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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SCANA Corporation SCG Stock News

SCANA Corporation (NYSE: SCG) is having an overwhelmingly strong start to the trading session this morning, and for good reason. Early this morning, a press release was offered, informing investors of a merger. Of course, this led to excitement, causing dramatic gains in the stock. Below, we’ll talk about the merger, what we’re seeing from SCG, and what we’ll be watching for ahead.





SCG Skyrockets On Merger

As mentioned above, SCANA Corporation is having an incredibly strong start to the trading session this morning after the company announced a merger. In a press release issued early this morning, the company announced that it has entered into an agreement with Dominion Energy surrounding the combination of the two into one company in a stock-for-stock merger. Under the terms of the agreement, SCG shareholders will receive 0.6690 shares of Dominion Energy common stock for each share owned. This brings the price per share to approximately $55.35 for a total value of $7.9 billion. Also, Dominion Energy will assume all debt, bringing the total value of the acquisition to $14.6 billion.




Under the terms of the agreement, the South Carolina Electric & Gas Company subsidiary of SCG will benefit greatly. After the closing of the merger, a $1.3 billion cash payment will be made to all customers, worth $1,000 for the average residential electric customer. Customers will also enjoy an estimated 5% rate reduction and more benefits after the closing of the deal.

Finally, Dominion Energy has agreed to provide funding in the amount of $1 million per year in increased charitable contributions in communities associated with SCG for a period of 5 years. In a statement, Jimmy Addison, CEO at SCG, had the following to offer:

“Dominion Energy is a strong, well-regarded company in the utility industry and its commitment to customers and communities aligns well with our values… Joining with Dominion Energy strengthens our company and provides resources that will enable us to once again focus on our core operations and best serve our customers.”

What We’re Seeing From The Stock

As investors, one of the first things that we learn is that the news moves the market. In this particular case, the news surrounding SCANA Corporation proved to be overwhelmingly positive. As a result, we’re seeing strong gains in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:53), SCG is trading at $48.00 per share after a gain of $9.13 per share (23.49%) thus far today.

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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 SCG. In particular, we’re interested in following the story surrounding the merger, as it is still subject to customary closing conditions as well as regulatory approval. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Humana HUM Stock News

Humana Inc (NYSE: HUM) is having an incredibly interesting start to the trading session today. Shortly after the opening bell, the movement on the stock was nothing exciting. While it spent some time in the red and some in the green, none of the movement was eye-catching. Nonetheless, the stock spiked moments ago as rumors started to break. Today, we’ll talk about the rumors, what we’re seeing from the stock, and what we’ll be watching for with regard to HUM ahead.





Rumors Surface Surrounding HUM

As mentioned above, Humana was in for what seemed to be a pretty uneventful day in the market today. That is, until minutes ago when the value of the stock started to spike. After doing some digging, we didn’t see any news released by the company. However, we did find a rumor that is surfacing around HUM.

According to the rumor Walmart (WMT) is interested in taking the company over. The rumor suggests that the two companies are currently in advanced takeover talks and the price of the takeover will be somewhere between $291 and $298 per share.




Nonetheless, it’s important to keep in mind that this isn’t the first takeover rumor that we’ve seen in the market, nor will it be the last. The truth of the matter is that takeover rumors are one of the most common forms of manipulation in the stock market today. While this particular rumor comes with more detail than most, it’s still no guarantee. So, if you’re going to trade on this news, please be sure to do so with caution.

What We’re Seeing From The Stock

Regardless of whether or not the rumor is true, it’s clear that it has led to some excitement among investors. After all, shortly after the rumors broke, we started to see a spike in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:39), HUM is trading at $255.11 per share after a gain of $3.47 per share (1.38%) thus far today.

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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 HUM. In particular, we’ll be watching for any news associated with the potential takeover by WMT. While chances are slim, anything can happen in the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Helios and Matheson Analytics Inc HMNY Stock News

Helios and Matheson Analytics Inc (NASDAQ: HMNY) had an incredibly strong start to the investing year in yesterday’s trading session, and while gains are relatively small, the stock is starting in the green in the pre-market this morning. At the end of the day, when we talk about the company, we’re really talking about their product – MoviePass. At the moment, it seems as though investors are starting to see the real value there. Today, we’ll talk about what MoviePass is, how the company plans to make money with it, what we’re seeing from HMNY, and what we’ll be watching for ahead.





HMNY And MoviePass

Back in August of 2017, Helios and Matheson Analytics announced that it had acquired a majority stake in a product known as MoviePass. The MoviePass product is ultimately a service that allows subscribers to go see movies in the theater on an unlimited basis for a low monthly fee.

When HMNY purchased the majority stake in the service, subscribers were paying up to $50 per month, and there weren’t many of them. In fact, only about 20,000 subscribers had jumped on the bandwagon. However, when HMNY took the product over, they reduced the price to $9.99 per month, and subscribers started to swarm the service. Today, only months later, Helios and Matheson boasts more than 1 million MoviePass subscribers.




How The Company Plans To Make Money

Considering that HMNY pays full price for movie tickets used by their subscribers, it’s clear that the subscription fee isn’t likely to make any money. After all, with the fee being about the same price as a single movie ticket, every subscriber that goes to the movies more than once in a month is generating a loss for the company… or are they?

When it comes to the subscription fee, there’s not much money to be made. In fact, it’s more likely that HMNY would experience losses if it was up to the subscription fee alone. However, the company plans to make money through the data associated with the service. Big names are interested in the data that the company has to sell. Just look at the statement below made by Chris Aronson, Head of Distribution at 20th Century Fox:

“The deal from our side and why we’re excited is we still get paid the full price of admission. If this succeeds in driving attendance, it will pay for itself… And they’ve made no secret that their goal is to mine data from subscribers. We’d be very interested in that.”

Well, that’s exactly what Ted Farnsworth of HMNY is banking on. Here’s what he recently had to say:

“Making money putting people in the theater is fine, but also think about the advertising side… We’re the only company out there that can tell company’s exactly who and when people are going to the movies.”

At the end of the day, the money in MoviePass isn’t from MoviePass itself, but from the data that the service generates.

What We’re Seeing From The Stock

As mentioned above, Helios and Matheson Analytics is having an incredible start to the new year. The stock gained by 14.58% by the close of the session yesterday, and is starting the day off in the green today. Currently (8:25), HMNY is trading at $7.27 per share after a gain of $0.04 per share (0.55%) thus far today.

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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 HMNY. In particular, we’re interested in following the ongoing story surrounding MoviePass and excited to see the future deals the company pens with some of the biggest names in movies, as well as other companies like restaurants, Uber, Lyft, and others that take part in the movie night experience. Nonetheless, 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 an overwhelmingly strong day in the market today as news breaks that the company is going to take part in NASDAQ’s seventh annual Fit Week. Today, we’ll talk about the news, what we’re seeing from the stock as a result, and what we’ll be watching for ahead.





YGYI To Take Part In Fit Week

As mentioned above, Youngevity International is having a strong day in the market today after the company announced that it will be taking part in the celebration of NASDAQ’s seventh annual Fit Week. In fact, in celebration of the occasion, Steve Wallach, CEO at YGYI, and Dave Briskie, President and CFO at the company, will ring the NASDAQ opening bell.




Joining YGYI in this celebration will be the company’s Celebrity Ambassadors, Actress and Best-Selling Author Marilu Henner, and NFL Legend Drew Pearson. The event will take place at the Nasdaq MarketSite in Time Square on Wednesday, January 3rd.

What We’re Seeing From The Stock

The added publicity associated with Youngevity International’s involvement in Fit Week is definitely bringing on the investors. This can be seen by the strong gains we’re seeing in the stock today. At the moment (12:44), YGYI is trading at $4.88 per share after a gain of $0.74 per share (17.87%) thus far today.

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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 YGYI. In particular, we’re interested in following the continued developments surrounding the company’s impressive brands. Specifically, we’re watching the CLR Roasters subsidiary, as we believe that this subsidiary provides tremendous value. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Rite Aid Corporation RAD Stock News

Rite Aid Corporation (NYSE: RAD) is having a relatively strong start to the year in today’s trading session. The gains come as investors await the upcoming earnings report. Today, we’ll talk about what’s coming with regard to the company, what we’re seeing from the stock, and what we’ll be watching for surrounding RAD ahead.





RAD Reports Earnings Wednesday

As mentioned above, Rite Aid Corporation is having a strong start to the year in the trading session today as investors await the upcoming earnings report. On Wednesday, shortly after the market close, RAD will report its earnings for the fiscal third quarter.

Ultimately, investors are hoping for some good news after the stock took a 76% dive through the year 2017, earning its place as one of the worst-performing stocks of the year. Nonetheless, price action today shows that investors have faith that the third quarter report will be a positive one for RAD.

During the quarter, analysts expect that the company generated revenue of $7.45 billion. However, it is also expected that the company will report its third consecutive adjusted loss. Nonetheless, if the company somehow beats expectations and reports positive earnings, we can expect to see big gains.




What We’re Seeing From The Stock

While Rite Aid Corporation proved to be a source of some serious disappointment throughout the year 2017, investors seem to be pretty hopeful when it comes to 2018, as well as the earnings report that is coming. This can be seen by looking at the gains on the stock today. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:18), RAD is trading at $2.11 per share after a gain of $0.14 per share (7.38%) thus far today.

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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 RAD. In particular, we’re interested in following the company’s coming earnings report as well as the growth of the company as it continues to rebuild. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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J C Penney JCP Stock News

J C Penny Company Inc (NYSE: JCP) is having an overwhelmingly strong start to the year in today’s trading session. However, with no news out from the company, what’s really causing the move? We’ve done some digging and we believe we’ve found the cause. Today, we’ll talk about what’s happening, what we’re seeing from the stock, and what we’ll be watching for with regard to JCP ahead.





Why Is JCP Headed Up?

As mentioned above, J C Penney Company is having an incredibly strong start to the trading session this morning, gaining more than 10% at the time of the writing of this article. However, with no news released, many are asking why the company is flying. Well, it’s got more to do with the retail industry as a whole than it does with JCP alone.

The reality is that today is the first trading session of the year, and investors are likely going to be paying close attention to retailers. After all, with the new year upon us, the 2017 holiday season is now over. Of course, this season is a massive season for spending, and investors are eagerly awaiting news surrounding just how well retailers did.




At the end of the day, while anything we say here is speculation without any releases, it only makes sense that investors are expecting an incredible report from the company with regard to holiday season sales. This, combined with excitement surrounding the price action itself seems to be the cause for the spike in value that we’re seeing in JCP today.

What We’re Seeing From The Stock

At the end of the day, while no news has been released, J C Penney Company investors are likely smiling from ear to ear. That’s because the stock is seeing some pretty incredible gains this session. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:57), JCP is trading at $3.50 per share after a gain of $0.34 per share (10.76%) thus far today.

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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 JCP. In particular, we’ll be watching for any news associated with the company’s performance during the holiday sales season. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Chanticleer Holdings Inc BURG Stock News

Chanticleer Holdings Inc (NASDAQ: BURG) is having an overwhelmingly strong start to the trading session this morning after the company announced plans surrounding the blockchain. Of course, this led to excitement among investors, sending the stock screaming for the top. Today, we’ll talk about the news, what we’re seeing from BURG as a result, and what we’ll be watching for ahead.





BURG Announces Blockchain Plans

As mentioned above, Chanticleer Holdings is having a strong day in the market after announcing plans to work with MobivityMind. According to the press release, the company will be using MobivityMind, a blockchain-architected platform for commerce and customer communication across brands. This will also help to power their cryptocurrency customer loyalty rewards program.

According to the press release, BURG will be taking advantage of the MobivityMind platform as a way to reward customers with a currency that can be used across all of the company’s brands. In a statement, Michael D. Pruitt, Chairman, President and CEO at BURG, had the following to offer:




“We wanted to expand our existing loyalty program with something that really changes the way our customers can leverage their rewards; Mobivity Merit is a real cryptocurrency, leveraging the same infrastructure and principles of Bitcoin, Ethereum, Ripple, Litecoin, and more, and will enable our customers to make use of their rewards in entirely new ways… Use your Merit mined by eating at Little Big Burger to get a buffalo chicken sandwich at American Burger Co., or trade them with your vegan friend so he can eat a veggie burger at BGR. And that’s just the beginning… We’re excited to see how consumers respond to the idea of getting real, transferrable, secure value in exchange for their loyalty to our brands.”

How The Stock Reacted To The News

As investors, one of the first things that we learn is that the news moves the market. In particular, news surrounding the blockchain has resulted in massive moves in stocks like LFIN, DPW, OTIV, and others as of late. So, with blockchain-related news hitting the wire surrounding Chanticleer Holdings, it’s no surprise that we’re seeing strong gains in the stock today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:04), BURG is trading at $4.24 per share after a gain of $1.63 per share (62.45%) thus far today.

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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 BURG. In particular, we’re interested in following the story surrounding the company’s blockchain-enabled rewards program and we’re excited to see how consumers pick it up. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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India Globalization Capital, Inc. IGC Stock News

India Globalization Capital, Inc. (NYSEAMERICAN: IGC) is having an overwhelmingly strong day in the market after the company announced news surrounding its entrance into the blockchain. This makes IGC the next company in a line of companies hopping on the blockchain bandwagon and seeing massive gains in the values of their stocks as a result. Just take a look at recent activity surrounding LFIN, DPW, and OTIV. Today, we’ll talk about the news surrounding IGC, what we’re seeing in the market as a result, and what we’ll be watching for ahead.





IGC Announces Blockchain News

As mentioned above, India Globalization Capital is having an overwhelmingly strong start to the trading session this morning after announcing an entrance into the blockchain. In a press release offered early this morning, IGC announced that it will be using blockchain in areas like product identification assurance. This is expected to help the medical cannabis industry in a big way, as around 70% of all cannabidiol products that are sold online are either over- or under-labeled. With the assistance of blockchain technology, product identification and labeling will likely take a massive leap within the industry. In a statement, Ram Mukunda, CEO at IGC, had the following to offer:




“We understand the unique challenges facing the cannabis industry and believe that our team has the expertise to be the first to create meaningful solutions to address these issues using distributed ledgers inherent in blockchain technology. As we work to develop blockchain in the rollout of Hyalolex, our goal would be to establish a universal cannabis platform applicable to solving multiple industry challenges facing dispensaries and consumers. This would include addressing issues such as transactional difficulties, inadequate product labeling, product identification assurance and product origin assurance.”

What We’re Seeing From The Stock

As investors, one of the first things that we learn is that the news moves the market. These days, few pieces of news cause movement like what we’ve seen when companies announce an entrance into the blockchain. So, it comes as no surprise that India Globalization Capital is seeing massive gains in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:19), IGC is trading at $1.19 per share after a gain of $0.54 per share (84.47%) thus far today as volume continues to soar.

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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 IGC. In particular, we’re interested in following the company’s plans surrounding the blockchain, as this could be a revolutionary step in the world of medical cannabis. 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...