Sonos has survived stiff competition from the likes of Apple, Google and Amazon. Now, it faces a new risk from President Trump.
The smart speaker company filed paperwork Friday to raise $100 million in a public offering. Sonos said one of the risk factors for its business is the Trump administration’s trade war with China.
Sonos warned in the filing that “significant....More>>>
Ford (NYSE:F) is known for its attractive valuation, it currently trades at around 7 times its 2017 projected earnings and has an attractive dividend yield of 5.36 percent. It also has a very low price-to-earnings ratio (P/E) compared to most other companies on the S&P 500. The stock trades at around $11 during the time I am writing this. However, after digging a little deeper, I have found....More>>>
Welcome to the September edition of EV company news. As this goes to publication, the Paris Auto Show is underway. The European car makers are active this year in Paris, with several electric vehicle offerings or announcements. You can read more here.
Global EV sales – As of end August 2016
Global EV sales have been rising steadily in 2016, up 55% YTD compared to 2015. Global....More>>>
ITT Corporation’s (NYSE:ITT) 3rd quarter earnings resulted in promising segment performance leading to a share price increase of approximately 11% with huge daily volume of 3 million. Total revenue increased by 11% and orders volume increased by 15% from 2016 Q3. Annual revenue guidance was raised to 4% to 5% from the previous guidance of flat to 2%. Most importantly, these results show stabilization....More>>>
April 4, 2018: Markets opened lower Wednesday but equity indexes managed to pull themselves out of a pretty deep hole. Early lows followed on news of reciprocal tariffs imposed by China on a variety of U.S. goods including aircraft and some cars. Whether the eventual turnaround was due to less anxiety over the impact on American firms from Chinese tariff or investors buying the dip doesn’t....More>>>
Deals and Financings
BGI Genomics, the contract sequencing and diagnostics divisions of China genomic company BGI, is edging closer to an IPO. The company expects to raise $250 million on Shenzhen’s Chi-Next Exchange sometime in July, following all-but-final approvals from China’s Securities Regulatory Commission. Known as a world leader in basic science sequencing, BGI Genomics....More>>>
What Trump trade war with China? Inflation? Who cares about that?
That general sense of “who cares about risks” has been the name of the game coming off first quarter earnings calls. Execs at the biggest companies sounded more upbeat on their financial prospects than they have in some time, according to fresh research from Goldman Sachs. The investment bank mined the earnings....More>>>
Greetings from Beijing, China… You probably won't want to hear what I have to say today. You won't want to believe me. You might even be angry with me… or call me "un-American." But I'm not being un-American (or pro-Chinese) today. I'm just calling it like I see it… Beijing – the capital of Communist China – is more....More>>>