It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher
The dynamic that has seemingly contributed to a short squeeze in the stock of videogame retailer GameStop Corp. also appears to be affecting shares in a host of other heavily shorted companies.
MarketWatch
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Carpenter Technology (CRS) Reports Q2 Loss, Shares Down
Carpenter Technology Corporation’s CRS share prices declined 4% in a day on reporting an adjusted loss per share of 61 cents in second-quarter fiscal 2021 (ended Dec 31, 2020). The loss matched the Zacks Consensus Estimate. Ongoing targeted inventory reduction and COVID-19 related volume headwinds led to the dismal results. The company had reported adjusted earnings per share of 83 cents in the year-ago quarter. Including one-time items, the...
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Southern Copper (SCCO) Q4 Earnings & Sales Beat, Rise Y/Y
Southern Copper Corporation SCCO reported fourth-quarter 2020 earnings of 76 cents per share, which beat the Zacks Consensus Estimate of 69 cents. The bottom line also marked an improvement 90% from prior-year quarter figure of 40 cents primarily owing to higher volumes, and rising prices for copper, silver and zinc. However, the earnings beat failed to impress the market as there has not been any major price change since the quarterly release...
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Will Strong Veklury Sales Aid Gilead's (GILD) Q4 Earnings?
Biotech major Gilead Sciences Inc. GILD is slated to report fourth-quarter and 2020 results on Feb 4, after market close. The company has a disappointing track record, with earnings missing estimates in two of the last four quarters and beating in the remaining two, the average negative surprise being 6.24%. In the last reported quarter, the company beat expectations by 15.30%. Gilead Sciences, Inc. Price, Consensus and EPS Surprise Gilead...
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Celanese (CE) Surpasses Earnings and Sales Estimates in Q4
Celanese Corporation CE logged earnings from continuing operations of $12.50 per share in fourth-quarter 2020, up from 35 cents in the year-ago quarter. Barring one-time items, adjusted earnings were $2.09 per share, up from $1.99 in the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $1.72. Revenues of $1,591 million increased 11% year over year and beat the Zacks Consensus Estimate of $1,412.1 million. Celanese...
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Ericsson's (ERIC) Q4 Earnings Beat on Strong 5G Momentum
Ericsson ERIC reported solid fourth-quarter 2020 results, wherein the top and the bottom lines beat the respective Zacks Consensus Estimate. Net Income Net income in the December quarter was SEK 7,522 million ($873.4 million) or SEK 2.26 (27 cents) per share compared with SEK 4,430 million or SEK 1.33 per share in the prior-year quarter. The improvement was driven by higher operating income. The bottom line beat the Zacks Consensus Estimate by 6...
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Unexpected Impact Of The Biden Administration? A Muni Bond Boom
All things considered, the municipal bond market had an exceptional 2020. In a year in which municipalities were faced with an economic crisis that had some investors concerned about defaults, the VanEck Vectors CEF Municipal Income ETF (NYSE: XMPT) rose 3.44% in 20201, a stunning turnaround given its sharp decline during March (click here, to view the fund’s standardized performance). Muni bond investors have several tailwinds to thank for that...
Benzinga
Money
GameStop Resumes Surge As Robinhood Lifts Buying Restrictions And Reddit Retail Army Returns
The heavyweight battle between 'Wall Street' and 'Main Street' looks set to resume Friday as online brokers like Robinhood lift trading restrictions on heavily-shorted stocks such as GameStop and AMC Entertainment.
TheStreet
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What's in the Offing for Cirrus Logic's (CRUS) Q3 Earnings?
Cirrus Logic, Inc. CRUS is slated to release third-quarter fiscal 2021 results on Feb 1. For the third quarter of fiscal 2021, the company projects revenues between $440 million and $480 million. At the midpoint, the guidance suggests growth of 23% year on year and 32% sequentially. The Zacks Consensus Estimate is pegged at $462.75 million, indicating a year-over-year increase of 23.51%. The Zacks Consensus Estimate for quarterly earnings is...
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Is Federal Signal (FSS) a Profitable Stock to Pick Now?
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put, Federal...
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Vertex's (VRTX) IND for Type I Diabetes Drug Gets FDA Clearance
Vertex Pharmaceuticals Incorporated VRTX announced that the FDA has cleared the investigational new drug (IND) application for VX-880, an investigational stem cell-derived, fully differentiated pancreatic islet cell therapy. The clearance will enable the company to proceed with initiating a studyon VX-880 to treat type I diabetes (T1D). Shares of the company have decreased 0.1% in the past year against the industry’s growth of 14.4%. The company...
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NY Times' Tom Friedman on Reddit retail traders going up against Wall Street
The "Reddit Rebellion" of high-flying stocks is puitting a squeeze on traditional capitalism. Tom Friedman, New York Times foreign affairs columnist, joined "Squawk Box" on Friday to discuss what the trading frenzy means for the future of capitalism.
CNBC
Money
Should Value Investors Pick Crane Co.(CR) Stock Right Now?
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put, Crane Co....
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