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CEE Group Inc JOB Stock News

CEE Group Inc (NYSEMKT: JOB)

CEE Group is having an incredibly strong start to the trading session today after announcing big mergers and acquisitions news. When the news was announced, investor excitement ensued, leading to big gains and of course, an alert from our partners at Trade Ideas. At the moment (10:14), JOB is trading at $6.20 per share after a gain of $1.25 per share or 25.25% thus far today.





JOB Stock Offers Merger News




As mentioned above, CEE Group is having a strong start to the trading session in the market today after announcing big merger news. The company announced that it has acquired SNI Companies. The acquisition is expected to be accretive to GAAP earnings per share and generate significant adjusted EBITDA. Under the terms of the agreement, JOB has agreed to pay $86 million, which was paid at the closing of the deal.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on JOB. In particular, we’re interested in following the company to see how the acquisition equates to profits. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

What Do You Think?

Where do you think JOB stock is headed moving forward? Join the discussion in the comments below!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips is having an overwhelmingly rough morning in the market this morning, and for good reason. Early this morning, it was announced that a key institutional investor has made the decision to buy a massive portion of their stake in the company. As a result, investor fears set in, leading to massive declines and prompting our partners at Trade Ideas to alert us to the movement. At the moment (9:18), DRYS is trading at $1.20 per share after a loss of $0.45 per share (27.27%) thus far today.





DRYS Falls On Kalani Sale

As mentioned above, DryShips is having an overwhelmingly rough start to the day today after a key institutional investor announced the purchase of a massive amount of shares. The investor, once looked at as the savior that loved DRYS, Kalani Investments is buying another $226 million of the company’s shares. So, what’s the problem? This is the same firm that has purchased shares in the past at a discount, only to offload them and cause the stock to fall. Of course, this is a big hit to the stock and will likely lead to changing opinions among many of the company’s investors.




What We’ll Be Watching For Ahead

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Moving forward, the CNA Finance team will be keeping a close eye on DRYS. In particular, we’ll be watching institutional investors to see if this will create a domino effect. Also, we’re continuing to watch the company’s movement considering recent acquisitions of new ships. We’ll continue to follow the story closely and bring the news to you as it breaks!

What Do You Think?

Where do you think DRYS is headed moving forward? Join the discussion in the comments below or on StockTwits!

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Cowen Group Inc Class A COWN Stock News

Cowen Group Inc Class A (NASDAQ: COWN)

Cowen Group is having an incredibly strong start to the trading session today after announcing that it has entered into a partnership agreement. As a result of the news, investors pushed the stock up dramatically this morning, causing our partners at Trade Ideas to alert us of the movement. Currently (10:20), COWN is trading at $14.85 per share after a gain of $0.95 per share or 6.83% thus far today.





COWN Enters Partnership Agreement

As mentioned above, Cowen Group is having a strong day in the market today after announcing that it has entered into a partnership agreement. The agreement was signed with China Energy Company Ltd. Under the terms of the agreement, the Chinese company will be purchasing a 19.9% stake in COWN, and will be paying $100 million to do so. The Chinese company will also provide Cowen Group a $175 million loan. The deal comes out to $18 per share, which represents a premium of 19.5%.




What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on COWN. In particular, we’ll be watching for the moves made once the partnership transaction is complete as any large stake purchase generally results in changes. Nonetheless, we’ll continue to follow the news closely and bring it to you as it breaks!

What Do You Think?

Where do you think COWN is headed moving forward? Join the discussion in the comments below or on StockTwits!

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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips is having an overwhelmingly strong day in the market today, following up on the strong gains that we saw on the stock yesterday. In fact, our partners at Trade Ideas have been pinging us with alert after alert on this thing! At the moment, DRYS is trading at $1.52 per share after a gain of $0.12 per share (8.57%) thus far today.





What Happened With DRYS Yesterday

As mentioned above, yesterday proved to be an overwhelmingly strong day in the market for DryShips, and for good reason. The company announced that it had acquired four new capesize vessels. Two of these vessels will be operating on fixed charters. This is overwhelmingly positive news, as fixed charters help to reduce the company’s risk by reducing exposure to volatility in shipping rates. Also, with the capesize index showing that rates in the region are on their way up, this could prove to be an overwhelmingly profitable move for the company.




The Rally Continues As Morgan Stanley Issues Commentary On Dry Bulk Shipping

On top of the positive news released by DryShips yesterday, the stock got another boost from Morgan Stanley this morning. While the firm didn’t mention DRYS in particular, their statements definitely helped to boost the stock. In fact, Morgan Stanley analyst Fotis Giannakoulis issued bullish commentary on the entire dry bulk industry.

Ultimately, Giannakoulis believes that as we continue to see increased dependence on important Iron Ore in China and domestic output continues to subside, shipping demand will continue to increase, driving stock prices in the industry higher.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching DRYS incredibly closely, along with others in the shipping sector. In particular, we’re interested in learning more about the 4 new ship acquisitions and seeing those ships in action, driving revenue for the company. We’ll also be watching Chinese iron ore demand, as that plays a big role in the industry as a whole. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Tripadvisor Inc Common Stock TRIP Stock News

Tripadvisor Inc Common Stock (NASDAQ: TRIP)

Tripadvisor was off to a relatively normal day in the market today. That is, until minutes ago when the stock spiked in a big way, prompting our partners at Trade Ideas to send an alert about the growth. The gains seem to be the result of a rumor that’s surfacing. Nonetheless, the stock is trading at $42.20 per share after a gain of $0.80 per share or 1.93%.





PCLN Rumored To Be Taking TRIP Over

As mentioned above, Tripadvisor was having a relatively normal day in the market until a rumor broke just minutes ago, causing rocket-like upward movement. The rumor that broke is that Priceline may be acquiring the company relatively soon. However, we do not believe that there is any validity to the rumors.




While TRIP and PCLN would definitely sync up well together, the rumor just doesn’t seem to hold weight. There is no suggestion of what the price might be, nor has there been any reports of interest in this deal from either company as of late. This is the first we’re hearing of it, and the source is social media, making it nearly impossible to pin down the original source. All in all, things just aren’t adding up.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TRIP. In particular, we’re interested in learning more about the potential takeover by PCLN. Of course, we don’t believe that there’s any validity to the rumor, but we can’t see into the future. So, anything could happen. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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LSC Communications Inc LKSD Stock News

LSC Communications Inc (NYSE: LKSD)

LSC Communications is having an incredibly strong day in the market, which is interesting as they just announced a secondary offering. Nonetheless, the secondary caused excitement, sending the stock up and prompting our partners at Trade Ideas to alert us of the gains. At the moment (11:32), LKSD is trading at $23.49 per share after a gain of $2.66 per share or 12.77% thus far today.





LKSD Announces Secondary Offering

As mentioned above, LSC Communications is having an incredibly interesting start to the day today after announcing a secondary offering. The company said it would be selling 6,242,082 shares of common stock at a price of $20.25 per share. The company also informed investors that it has given underwirters at 30-day option to purchase up to an additional 936,420 shares at the secondary pricing.




The interesting part in all of this is that the stock is actually climbing. In general, secondary offerings cause concerns with regard to dilution, leading to declines in the stock’s value, but that’s not the case with LKSD. This shows that the market sees a need for the money and expects that the funds raised through the offering will lead to stronger operations and better results. While this is a rarity in the market, it’s always nice to see.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on LKSD. In particular, we’re interested in learning more about the company’s plans with the money it is raising, and watching the company put the plan into action. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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World Wrestling Entertainment, Inc. WWE Stock News

World Wrestling Entertainment, Inc. (NYSE: WWE)

World Wrestling Entertainment was off to a rough day in the market. However, minutes ago, our partners at Trade Ideas sent an alert showing us that the stock was screaming upward. While it hasn’t made up for all the losses we saw early in the day, the stock has gotten very close to the break even point. At the moment (1:59), WWE is trading at $21.05 per share after a loss of $0.05 per share or 0.24% thus far today.





Why WWE Is Headed Up

As soon as we received the alert, the CNA Finance team started to dig to see what was happening. While we didn’t find any fundamental news released by World Wrestling Entertainment, we were able to find a rumor that we believe to be the cause of the spike. The rumor is that the company is going to be taken over.

However, as with most rumors, this one seems to be a dud. First and foremost, the rumor started on social media and is very difficult to track back to the source… Strike 1! Also, there is no rumored buyer of the company, that’s Strike 2! Finally, there is no price offered in the rumor, and Strike 3, you’re outa there.




Yes, I realize, I could be wrong here. However, I’ve been doing this for a long time, and when the rumors are this vague, chances are that they are not true. No, I can’t see into the future, but I do feel comfortable calling them how I see them.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching WWE incredibly closely. While we believe that today’s rumor lacks validity, we could be incorrect, and if we are, an acquisition would return incredible value to shareholders. Nonetheless, we’ll continue to follow the story closely and bring you the news as it breaks!

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China Southern Airlines Co Ltd (ADR) ZNH Stock News

China Southern Airlines Co Ltd (ADR) (NYSE: ZNH)

China Southern Airlines should be moving in the market at the moment, but it is not. In fact, the stock is halted at the moment. Our partners at Trade Ideas were the first to inform us of the halt. When they did, we started searching to see what was going on with ZNH.





Why ZNH Is Halted

While we would love to answer this question, it’s something that we simply can’t do at the moment. The halt is a news pending halt. No news has broken so far this morning that would send the stock in either direction. However, there’s one thing that we do know…




Halts are big, in general, they are very big. After all, there’s no reason to stop trading in the middle of the day on a publicly traded stock if nothing is happening. So, while we don’t know what the news is yet, we are expecting to uncover a big story soon.

What We’ll Be Watching For

The CNA Finance team will be watching ZNH incredibly closely in the coming hours and days. In particular, we’re interested in learning why the stock was halted and when the stock will resume. Perhaps more importantly, we’re eager to see if it will resume on an upward or downward trend. Nonetheless, we’ll continue to follow the story and bring it to you as it breaks. There is an update below!

What Do You Think?

Where do you think ZNH is headed moving forward? Join the discussion in the comments below!

Update 10:02: While ZNH is still halted, we believe that we have found the reason for the halt. According to recent reports, Alaskan Airlines Group (AAL) is considering purchasing a $200 million stake in South China Airlines. We will continue to follow the story closely and bring you the news as it breaks!

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bebe stores, inc. BEBE Stock News

bebe stores, inc. (NASDAQ: BEBE)

bebe stores is having a rough day in the market today. At the open, the stock was trading slightly in the red. Throughout the day, it worked to break the losing streak, making it to the green for a short time around noon. However, for the most part, it has traded on losses. Then, the stock started to spiral out of control, falling deeper and deeper into the abyss before being halted. Below, we’ll talk about what we’re seeing from BEBE, why, and what we’ll be watching for ahead.





What We’re Seeing From BEBE

As mentioned above, bebe stores is having a rough day in the market today. When the trading session started for the day, the stock was trading slightly red, where it has been for the majority of the day. Nonetheless, minutes ago, things went from bad to worse as the stock fell into big losses before being halted. At the moment (1:34), BEBE is trading at $5.55 per share after a loss of $0.90 per share or 13.95% thus far today.

What’s Going On With BEBE

As is usually the case, our partners at Trade Ideas were the first to bring the halt on BEBE to our attention. As soon as they did, the CNA Finance team went to work to see what was going on with the stock. While it took some digging, we believe that we’ve found the story. Unfortunately, the declines seem to be the result of store closures.

According to a report on Bloomberg, bebe stores has decided that it will be closing all brick and mortar locations. This is, of course, as it means that the company will no longer be driving revenue from brick and mortar locations, and has decided to give up on that side of business. As a result, upset investors are dumping the stock.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BEBE. While we watch, we’re interested in learning more about the store closures, what led to this decision, and what the next steps might be for BEBE. Nonetheless, we’ll continue to watch the story closely and bring you any updates as the news breaks!

Update 1:52 – BEBE resumes and continues to fall. The stock is currently trading at $5.08 per share after a loss of $1.37 per share or 21.24% thus far today.

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Wynn Resorts, Limited WYNN Stock News

Wynn Resorts, Limited (NASDAQ: WYNN)

Wynn Resorts is having an interesting day in the market today to say the least. At the opening bell, the stock was trading slightly in the green. However, that didn’t last long. The stock quickly made a run for the bottom, making it to the red and beyond, where it stayed for about the first hour. However, the stock recently started to spike for the top, making it cleanly into the green. Below, we’ll talk about what we’re seeing from WYNN, why, and what we’ll be watching for ahead.





What We’re Seeing From WYNN

As mentioned above, Wynn Resorts is all over the place in the market this morning. After starting the day off slightly in the green, the stock quickly fell to the red, where it stayed for the most part. That is, until minutes ago, when the stock started to skyrocket upward. At the moment (10:37), WYNN is trading at $105.79 per share after a gain of $1.04 per share (0.99%) thus far today.

Why The Stock Is Edging Upward

Before we get too deep into the details, we’d like to extend a big THANK YOU to our partners at Trade Ideas for being the first to alert us to the upward movement on the stock. As soon as we got the alert, the CNA Finance team started working to see why the stock was making a run for the top. It didn’t take long to dig up the story. While there was no fundamental news released with regard to the company, we were able to find a rumor that we believe is the cause of the gains.




The rumor is all over social media at the moment, and it suggests that Wynn will soon be acquired. According to the rumor, Las Vegas Sands (LVS) will acquire WYNN in a deal worth between $120 and $125 per share. Most rumors don’t include any pricing information. Since this one does, it adds a bit to the validity. However, it’s important to keep in mind that most rumors prove to be false, and not to get your hopes up.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on WYNN. In particular, we’re interested in learning more about the rumor above and whether or not an acquisition is actually going to happen. We’ll continue to follow the story closely and bring you the news as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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