Articles for author: Ron Finklestien

January 3, 2024

Ron Finklestien

mining

Nutrien Faces Penalty for Workplace Mishap in Saskatchewan

Canadian potash manufacturer Nutrien admitted guilt in a provincial court in Moosomin on December 19, 2023, for breaching a health and safety regulation. Nutrien was directed to pay a fine of C$142,857.14, along with a surcharge of C$57,142.86 for its negligence in ensuring “that any opening or hole in a floor or other work surface into which a worker could step or fall is covered,” according to a government statement. The company violated a clause by “failing to install a covering that is capable of supporting a load of 360 kilograms per square meter and that is provided with a

January 3, 2024

Ron Finklestien

Galapagos and BridGene Biosciences Collaborate for Precision Medicine Development Galapagos and BridGene Biosciences Collaborate for Precision Medicine Development

poba In a landmark move, Galapagos (NASDAQ:GLPG) has forged a strategic collaboration and licensing agreement with BridGene Biosciences to pave the way for developing precision medicine candidates using BridGene’s cutting-edge chemoproteomics platform. The deal entails substantial payouts, with Galapagos committing to remunerate BridGene up to $27M in upfront and preclinical research milestone payments. Moreover, BridGene stands to potentially gain over $700M in assorted milestone payments, in addition to earning single-digit tiered royalties on the net sales of products realized under the contract. Both companies are primed to embark on the journey of uncovering and nurturing precision medicine candidates into clinical

January 3, 2024

Ron Finklestien

Why Wall Street Analysts Are Pushing for Investment in Celsius Holdings Inc. (CELH)

It’s common for investors to turn to the recommendations of Wall Street analysts before making decisions about buying, selling, or holding a stock. But before you place all your bets on these recommendations, it’s important to understand the reliability of these suggestions and how to leverage them in your favor. Let’s take a closer look at what these financial titans are saying about Celsius Holdings Inc. (CELH). Celsius Holdings Inc.’s Average Brokerage Recommendation Currently, Celsius Holdings Inc. holds an average brokerage recommendation (ABR) of 1.29 on a scale of 1 to 5 (Strong Buy to Strong Sell) based on the

January 3, 2024

Ron Finklestien

PVH Corp Set for Spectacular Growth in 2024 PVH Corp Set for Spectacular Growth in 2024

PVH Corporation PVH appears encouraging, thanks to the successful execution of its strategic initiatives and strong fundamentals. The company’s multi-year strategy PVH+ Plan to drive sustainable growth is working smoothly while momentum in its international business also continues. Its brand strength, particularly in Calvin Klein and TOMMY HILFIGER, is an added positive. Buoyed by such endeavors, the clothing designer’s shares have skyrocketed 67.7% in the past three months, surpassing the industry’s 30.7% growth. Impressively, analysts seem optimistic about the stock. The Zacks Consensus Estimate for fiscal 2024 sales and earnings per share (EPS) is currently pegged at $9.2 billion and

January 3, 2024

Ron Finklestien

What’s Happening with Plug Power Stock? What’s Happening with Plug Power Stock?

Plug Power Inc: Witnessing a Market Turn Plug Power Inc PLUG shares are trading lower by 8.3% to $4.21 during Wednesday’s session. This downturn comes amid a broader market trend influenced by increasing Treasury yields and a bout of profit-taking following a robust December 2023. The murky waters are further exacerbated by uncertainties surrounding upcoming economic reports and Federal Reserve speeches. Investors are on edge, awaiting confirmation on projected rate adjustments and closely monitoring the Federal Reserve’s December meeting minutes along with job-related data. See Also: Bitcoin Plummets Over 9% On Pessimistic ETF Report The Significance of Climbing Yields Growth

January 3, 2024

Ron Finklestien

Electric Minerals Industry In the Spotlight: Ivanhoe Electric, Cleveland-Cliffs, Olympic Steel, and TMC Lead the Charge

Ivanhoe Electric in the Future Minerals Forum Ivanhoe Electric, the avant-garde mineral and electric metals exploration company, has made headlines with its high-profile participation in the upcoming Future Minerals Forum. The company’s Executive Chairman, Robert Friedland, is set to deliver a keynote presentation at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia on Jan. 10.  Moreover, President and CEO Taylor Melvin will be part of a panel discussion centered around constructing a resilient mineral supply roadmap. The stage is set for Ivanhoe Electric’s Typhoon geophysical surveying system to be showcased and deployed during the forum. This strategic move

January 3, 2024

Ron Finklestien

Recent Acquisition Spurs Market Reaction for SentinelOne

Sundry Photography SentinelOne (NYSE:S) encountered a turbulent ride on Wednesday, with shares plummeting more than 7%. This came in the wake of the announcement that the company was delving into a cash and stock deal to acquire cybersecurity upstart PingSafe. SentinelOne anticipated the deal to culminate in the first quarter of its 2025 fiscal year, pending the usual conditions. As stated by the California-based cybersecurity firm, the assimilation of PingSafe is poised to invigorate its cloud offerings. “Through the assimilation of PingSafe, we aim to redefine cloud security by harmonizing top-tier cloud workload protection, AI, and analytics capabilities with a

January 3, 2024

Ron Finklestien

Is Alibaba (BABA) a Worthy Investment Considering Upbeat Wall Street Sentiments? Is Alibaba (BABA) a Worthy Investment Considering Upbeat Wall Street Sentiments?

When contemplating an investment in a stock, investors often turn to analyst recommendations for guidance. These sell-side analysts can exert significant influence over a stock’s movement, trickling down through the media, but how much weight should investors put on these ratings? Before delving into the reliability of brokerage recommendations and how to leverage them to your advantage, let’s first explore what the Wall Street pundits have to say about Alibaba (BABA). Alibaba presently holds an average brokerage recommendation (ABR) of 1.27, falling between Strong Buy and Buy on a scale of 1 to 5, with 1 representing Strong Buy and

January 3, 2024

Ron Finklestien

Xponential (XPOF) to Expand Pure Barre and YogaSix With Sunpark The Sweeping Japanese Odyssey of Xponential (XPOF) and Sunpark: A Promising Picture

Xponential Fitness, Inc. XPOF has set its sights on Japan for an ambitious journey, having recently signed a Master Franchise Agreement with the esteemed Sunpark Co. Ltd. This monumental agreement aims to extend the reach of the Pure Barre and YogaSix brands in the Land of the Rising Sun. This strategic move further bolsters XPOF’s footprint in Japan, adding two more brands to the lineup, standing alongside the likes of Club Pilates, CycleBar, Rumble, AKT, and StretchLab. With a minimum of 50 franchised studios set to open for Pure Barre and YogaSix, Sunpark’s extensive real estate and development prowess are

January 3, 2024

Ron Finklestien

Nasdaq Declines Over 100 Points, Sidus Space Shares Surge Nasdaq Declines Over 100 Points, Sidus Space Shares Surge

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Wednesday. The Dow traded down 0.52% to 37,518.35 while the NASDAQ fell 0.98% to 14,621.38. The S&P 500 also fell, dropping, 0.61% to 4,713.82. Check This Out: How To Earn $500 A Month From Apple Stock Following Tuesday’s Slide Market Sector Performance Energy shares rose by 0.8% on Wednesday. In trading on Wednesday, real estate shares fell by 1.8%. Job Openings and Equities Performance The number of job openings fell by 62,000 from the prior month to 8.790 million in November,