Progressives To Crack Down on Private Equity Firms
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With the Democrat blue wave officially starting today, Democrat progressives are getting ready to crack down on private equity firms. Wall Street investors joined President Joe Biden’s bandwagon during the campaign, giving six times more money than what they gave Trump and the GOP. Their ROI is now in serious question as progressive Democrats in Congress are poised to implement a series of reforms they say are long overdue.
Read more on TheCapitalist.com
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Do You Support Progressives’ Moves To Crack Down on Private Equity Firms?
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Netflix Hit 200 Million Subscribers In 2020
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Netflix hit 200 million subscribers last year and announced it has more cash than it needs. As such, the company will stop borrowing money to fund its productions and growth strategy, and explore the possibility of issuing dividends. This led to a 12.3% rise in Netflix’s stock price yesterday.
Read more on TheCapitalist.com
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Wall Street Is Torn on Whether a Biden Win Would Bring Joy or Misery
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5 Stocks to Watch Out For Wednesday, January 20
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- Aclaris Therapeutics Inc ▲(ACRS 18.83 USD +12.95 (220.24%)) shares skyrocketed more than 220% after the biopharmaceutical company announced great results from the Phase 2a trial of its rheumatoid arthritis treatment. Trading volume soared to 79.7 million shares, compared with the full-day average of about 859,000 shares. Aclaris gained 305.5% over the past three months. This ride might be closing soon.
- Coherent, Inc. ▲(COHR 197.01 USD +45.06 (29.65%)) went flying off into space by almost 30% Tuesday as Lumentum Holdings agreed to acquire the laser manufacturer for $5.7 billion in cash and stock. Coherent shareholders will receive $100 per share in cash and 1.1851 shares of Lumentum common stock for every Coherent share they own. the companies said in a statement. This represents a 49% to Coherent's closing price of $155.40 on Friday.
- Netflix Inc ▲(NFLX 563.49 +61.72 (12.30%)) stocks were steady Tuesday but broke out 12.30% after hours. The reason? Netflix wrote its shareholders that it wouldn’t need external financing for its day to day and instead would explore stock buybacks. The company closed 2020 with over 200 million subscribers, capping off the last quarter by adding 8.5 million new ones versus analyst projections of 6 million.
- General Motors Company ▲(GM 54.84 USD +4.87 (9.75%)) stock revved up almost 10% in yesterday’s trading. The company announced that tech giant Microsoft will join GM and Honda for the next round of investment for self-driving startup Cruise. After this round, Cruise's valuation will now be worth $30 billion. And GM stock is the higher for it.
- Roku Inc ▲(ROKU 434.14 USD +25.84 (6.33%)) stock rose 6.33% yesterday and climbed further by 1.59% after hours. JPMorgan initiated coverage for the stock, starting off with an “Overweight” rating and a $475 price target. Roku remains the leader in TV streaming across America.
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