Plug Power (PLUG) leapt higher in trading Tuesday, approaching levels the stock last saw in 2014, as the company announced the completion of two acquisitions and raised financial targets going forward.  PLUG said it had completed acquisitions of United Hydrogen Group, Inc. and Giner ELX.  In a press release, the company said these acquisitions “enhance […]

iQIYI (IQ) jumped higher Tuesday on news Tencent Holdings Ltd (TCEHY) has hopes of becoming a major shareholder in the company. IQ is known as the Netflix (NFLX) of China, with a streaming service that reaches over 118 million subscribers.  iQIYI has not yet reached profitability, and reported a loss of $406 million in its […]

Hartford Insurance Group (HIG) has announced a major extension of its partnership with AARP, providing home and automobile insurance to AARP members. The extension of the HIG partnership will now run through January 1, 2033. AARP has over 38 million members who can access insurance with Hartford through the program.  HIG president, Doug Eliot, commenting […]

Nikola Corporation (NKLA) has captured investor’s attention like no other stock this year. The company, which has yet to produce or sell a product, has made headlines on a number of fronts.  NKLA received some unwanted attention last month, when the company was one of several public companies to file for funds under the Cares […]

Sonic Automotive (SAH) has moved substantially higher after providing an update to investors on the company’s outlook for 2020. SAH stock has jumped almost 19%, from $24 to around $28.50 as the company gained some clarity in the midst of the COVID-19 crisis. The company said sales and traffic in its locations have been coming […]

Moderna’s (MRNA) stock has given investors heartburn recently. Moderna first announced promising news related to a COVID-19 vaccine in mid-May. After the news sent MRNA skyward, the company announced it would be doing a secondary offering, in an attempt to raise just over $1.3 billion. Then, a few days later, vaccine experts started questioning MRNA’s […]

The Hartford Insurance Group (HIG) has declared a dividend of $0.325 per common share for shareholders of record on June 1st. Currently, the company has a dividend yield of 3.3%. HIG recently announced earnings, they cited the fact that Hartford had returned $258 million to shareholders in the first quarter. $108 million of that total […]

RSG reported strong earnings this month, easily beating the year ago quarter. The company reported net income of $246.3 million, which was above the $234.2 million reported in the prior year-over-year quarter. RSG said earnings were $0.77 per share, which was almost 7% better than the first quarter of 2019, which came in at $0.72 […]

Sonic Automotive’s (SAH) latest earnings release revealed a major hit from COVID-19 in the form of a goodwill writedown. While earnings actually increased in the quarter, the charge had a negative impact on the company’s balance sheet. Under GAAP, the company had to record “a non-cash goodwill impairment charge of $268 million related to its […]

When Stanley Black & Decker (SWK) reported earnings last week, CEO Jame M. Loree chose an unusual way to begin his earnings call remarks. Mr. Loree read a quote from the company’s recent shareholder letter, about a military college’s description of the atmosphere at the beginning of the post-Cold War era. As Mr. Loree said, […]