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The Latest Breaking News from Dipanjan BanchurSince

Musk Wants to End Deal With Twitter. What Does It Mean for the Stock?

Elon Musk is officially seeking to walk out of the deal to buy out Twitter (TWTR) for $54.20 per share after TWTR failed to disclose the number of spam accounts on its platform. Since Musk announced his offer to buy TWTR, the stock has declined to reach much below his…

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SNAP Is up 8%. Will the Stock Be Able to Recover Completely?

SNAP has gained 8.4% over the past month based on an analyst’s rating upgrade and the expected removal of TikTok from Google’s Play Store and Apple’s App Store. However, given its lower-than-industry profitability and stretched valuation, can SNAP keep recovering? Read on to learn our view….

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Walgreen Halts Sale of Boots Chain. Does This Mean the Stock Is No Longer a Good Buy?

Walgreen Boots Alliance’s (WBA) failure to secure the right valuation for its pharmacy chain Boots and consumer goods company No7 Beauty for divesting them made investors concerned. With the company now focusing on accelerating the growth and profitability of these two units, will it be wise to buy the stock…

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Here's Why Every Investor Might Want to Buy Shares of JNJ

Including dividends, Johnson & Johnson (JNJ) has delivered exceptional returns over the past decade. Given the company’s robust financials, strong dividend-paying history, solid growth prospects, and higher-than-industry profitability, the stock could be an excellent investment amid the current uncertain market conditions. Read on….

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Is the Crypto Collapse Finally Over? Which Ticker to Look at First

Crypto assets have seen a massive fall from their late 2021 highs. Coinbase Global (COIN) has fallen 78.5% year-to-date due to the highly uncertain macroeconomic environment. Despite its poor financials, the company remains bullish on its investments in decentralized finance and NFTs. However, given the unfavorable analyst estimates about COIN’s…

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Why Investors Should Think Twice Before Buying Peloton Stock

After a stellar run during the height of the COVID-19 pandemic, shares of interactive fitness platform Peloton Interactive (PTON) have lost significantly and are currently trading 93% below its 52-week high due to weakened demand. With recession fears looming, the company may witness further sales decline. Investors should avoid the…

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Should You Avoid Spirit After It Delays Deal With Frontier for Third Time?

Spirit Airlines (SAVE) deferred its shareholder vote for the third time since its proposed merger with Frontier Group (ULCC) was announced in early February. The company has also received an all-cash offer from JetBlue Airways (JBLU), and signing either deal would create the fifth largest airline in the U.S. Considering…

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What to Expect From These Big Banks Reporting Earnings This Week

Big banks JPMorgan Chase (JPM), Morgan Stanley (MS), Wells Fargo & Company (WFC), and Citigroup Inc. (C) are scheduled to report their second-quarter results this week. Analysts expect their earnings to get a boost from the rising interest rates, but the overall results will likely remain lackluster compared to the…

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Toyota Hits Its Stride in the EV Game, but Is It Time to Buy This Stock?

Toyota Motor (TM) achieved the 200,000 plug-in electric vehicle sales milestone in the second quarter. This success has triggered a $7,500 phase-out of U.S. tax credits for its future customers. The company has vowed to launch 30 new electric vehicles by 2030. So, is it the right time to buy…

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Shopify Dropped 17% in June - Is It Still a Stock to Avoid?

Shopify (SHOP) dropped 16.7% in June as it struggled with falling consumer spending amid the surging inflation. With rising recession fears and an expected decline in consumer spending, is the stock due for further price decline, or can it survive the challenges and rebound? Read on to learn our view….

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These 2 Gold Miners Are Still a Buy Despite Sector Weakness

Gold prices are inversely related to the U.S. dollar. Therefore, a strengthening dollar has recently led to a decline in gold prices. While declining gold prices affect gold mining stocks, Centerra Gold (CGAU) and Jaguar Mining (JAGGF) are still well-positioned to perform well. Despite the sector's weakness, these stocks have…

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Is Alibaba a Buy After Analysts Raised Earnings Guidance?

Analysts have raised earnings guidance for Alibaba Group (BABA) with the easing of China’s tech crackdown. The company’s EPS is expected to increase over the next twelve months. However, the stock currently trades at a stretched valuation, and the company faces intense competition from its rivals. So, will it be…

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Should Investors Buy This Cruise Stock Down More than 50%?

Cruise stock Carnival Corporation (CCL) made a strong recovery from the near-shutdown stage of its business during the height of the COVID-19 pandemic. However, despite the strong pick-up in bookings and operations, CCL has lost more than 50% year-to-date. So, will it be wise to invest in the stock now?…

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Cruise Lines Sank This Week, are CCL and NCLH Value Picks Now?

Cruise lines Carnival (CCL) and Norwegian Cruise Line (NCLH) sank after a Morgan Stanley analyst report suggested that CCL’s price could nosedive to $0 during an economic downturn. So, will it be wise to buy these stocks now? Read on….

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RBC Capital: This Dividend Stock Has Strong Growth Potential

RBC Capital analysts recommend buying Pactiv Evergreen (PTVE) amid these uncertain macroeconomic conditions because of its dividend payments and growth potential. So, let’s discuss what makes the stock a solid investment now….

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Should You Buy Beaten-Down SoFi Technologies Stock?

Shares of SoFi Technologies (SOFI) are down more than 65% in price year-to-date. The stock has been under pressure due to the Education Department’s repeated revisions of the end date of the student loan moratorium and the Fed’s aggressive interest rate hikes. With the Education Department likely to push back…

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Palantir's Latest Plunge Makes it a Stock to Avoid

Amid macroeconomic uncertainty, it could be wise to dump fundamentally weak stocks to minimize your loss. Despite plunging 49% year-to-date, Palantir’s (PLTR) valuation looks stretched. Also, the company has guided revenue for the second quarter below the consensus estimate. So, it could be wise to avoid the stock now. Read…

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This Market Leader Could be a Great Pick for the Long Haul

Corning (GLW) is one of the world’s leading innovators of material science. The company’s products are expected to see high demand in the long term due to their utility. Given its robust financials, favorable analyst estimates, discounted valuation, and higher-than-industry profitability, it could be an ideal investment for the long…

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EPD Offers Value and More Than 7% Dividend Yield at Current Levels

With analysts forecasting a recession later this year, investors must consider investing in stocks with high dividend yields. Enterprise Products Partners (EPD) is currently trading at a discounted valuation and offers a healthy 7.63% dividend yield at the current price level. In addition, analysts expect its earnings and revenues to…

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Buy-Rated Walgreens Could Be a Recession Winner

With analysts forecasting a recession later this year, investors should consider investing in almost recession-proof stocks. To that end, it could be wise to consider investing in drug store operator Walgreens Boots Alliance (WBA) as the demand for drugs remains stable irrespective of the economic conditions. With robust financials and…

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3 High-Quality Stocks You Can Buy at a Discount

The soaring inflation is expected to result in further aggressive interest rate hikes, fueling fears of an economic slowdown. Amid the depressed market conditions on concerns over a potential recession, it could be wise to invest in high-quality stocks, Chico's FAS (CHS), MarineMax (HZO), and The ODP (ODP), which are…

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Should Lemonade Be in Your Portfolio This Summer?

Although insurance companies benefit from rising interest rates, Lemonade (LMND) failed to surpass the consensus EPS estimate in the last reported quarter. Analysts expect its EPS to remain negative in fiscal 2022 and 2023. So, will LMND be able to turn around in this rising interest rate environment? Read on…

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NVDA Still Looks Expensive After Falling 50%

Although NVIDIA (NVDA) beat consensus EPS and revenue estimates in the last reported quarter, the stock has fallen more than 50% from its 52-week highs. Despite the heavy correction, the semiconductor giant trades at a premium to its peers. So, is it wise to buy the stock now? Read more…

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Shipping stock FedEx Corporation (FDX) has guided decent earnings improvement for fiscal 2023 despite the current supply chain headwinds. The stock is currently trading at a discount to its peers. Given the company’s robust financials, favorable analyst estimates, and higher-than-industry profitability, it could be wise to buy the stock now.…

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Buy These Stock Splits as Analysts See Upside

The market has witnessed several stocks-splits this year. Analysts see upside in Fortinet (FTNT), Alphabet (GOOGL), and Nintendo (NTDOY), which have either undergone a stock split or will do so in the near term. The availability of these stocks at affordable prices after their splits could be an excellent opportunity…

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