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Trump Jr. Partners With GrabAGun: What Investors Should Know About E-Commerce Company Set To Trade As 'PEW'
Monday, January 6, 2025 - 12:17pm | 1120Mobile-focused online firearms retailer GrabAGun announced Monday a SPAC merger to go public and named Donald Trump Jr. as an investor and advisor. The SPAC Merger: GrabAGun announced a SPAC merger valuing the company at $150 million with Colombier Acquisition Corp II (NYSE:CLBR). The deal will add...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, January 3, 2025 - 5:56pm | 1464Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...
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Super Saturday Foot Traffic Surges, Sales Hit $157 Million: Potential Winners Emerge
Thursday, December 26, 2024 - 5:11pm | 933Foot traffic at retailers soared on Dec. 21, the Saturday before Christmas. Here's a look at the potential winners from the last week of holiday shopping. What Happened: Foot traffic at retailers was up an average of 58% compared to daily averages in 2024, a trend that could see retail stocks...
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Alibaba Nears $4B E-Commerce Merger With South Korea's E-Mart: Report
Thursday, December 26, 2024 - 5:35am | 544Alibaba Group Holding Ltd. (NYSE:BABA) is reportedly close to merging its South Korean operations with E-Mart Inc. in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea’s competitive online retail market. What Happened: The potential...
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Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here's What Could Be Next For Both Companies
Thursday, December 19, 2024 - 2:04pm | 680Amazon.com Inc (NASDAQ:AMZN) and Rivian Automotive (NASDAQ:RIVN) have been partners in an electric delivery van deal since the EV company went public in 2021. Here's a look at the recent milestone hit and what's next for both companies. What Happened: Amazon partnered with Rivian, a company it...
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Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime
Tuesday, December 17, 2024 - 3:45am | 606Alibaba Group Holding Ltd – ADR (NYSE:BABA) announced on Tuesday its decision to sell its Chinese department store chain, “Intime,” resulting in a $1.3 billion loss. This move is part of Alibaba’s strategy to streamline its operations and concentrate on its...
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Chewy Posts Q3 Sales Beat: Analysts Say Successful Cyber Week Could Lead To Higher Lifetime Value Customers
Thursday, December 5, 2024 - 1:08pm | 587Chewy Inc (NYSE:CHWY) shares were down Thursday after the company reported downbeat third-quarter sales. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On Chewy Analyst Steven Shemesh maintained an Outperform rating while...
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Amazon Hits All-Time Highs, Eyes Best 2-Year Rally Since 2010: Cyber Season Marks Record Sales, AWS Shines With AI Innovations
Wednesday, December 4, 2024 - 1:26pm | 787Shares of Amazon.com Inc. (NASDAQ:AMZN) surged 2.3% to new all-time highs on Wednesday, lifting its impressive year-to-date gains to 44%. Robust early holiday sales data and optimism surrounding growth signals from AWS’s annual conference in Las Vegas fueled bullish investor sentiment. The e-...
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Chewy Q3 Earnings Preview: Analyst Says Company 'Well Positioned As The Leader' In Online Pet Supplies
Tuesday, December 3, 2024 - 12:59pm | 772Chewy Inc (NYSE:CHWY) could show continued strength and subscription revenue when reporting third-quarter financials before the market opens Wednesday. Earnings Estimates: Analysts expect the online retailer to report third-quarter revenue of $2.89 billion. That’s up from $2.74 billion...
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Fintech's New Year Playbook: Kaspi, Affirm, Shopify Set The Tone For 2025
Monday, December 2, 2024 - 3:26pm | 497The year 2024 may have started slow for fintech stocks, but the sector flipped the script in the second half. JPMorgan's Reginald L. Smith points to a $65 billion leap in the sector's market cap since mid-September, driven by upbeat third-quarter results, rate cuts and post-election tailwinds. As...
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Walmart, Target, Bath & Body Works Stand Out As Black Friday Winners: Analysts
Monday, December 2, 2024 - 2:34pm | 548Retailers saw increased traffic both online and in-store during the busiest Black Friday shopping weekend ever. BofA Securities analysts weighed in on the retail sector's early holiday winners. E-commerce: According to Adobe Analytics, online sales during Thanksgiving and Black Friday grew 9% and...
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Temu and Shein Are Shaking Up Western Retailers This Holiday Season
Sunday, December 1, 2024 - 3:20pm | 519Chinese e-commerce platforms Temu and Shein are outperforming Western retailers, using social media and a wide range of affordable goods to lure consumers. What Happened: Temu and Shein have transformed the online shopping landscape with their innovative business models and...
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Walmart Shoppers Shun Electronics For Black Friday Deals On Eggs, Bread, Slippers
Friday, November 29, 2024 - 1:24pm | 457Some consumers might have groceries on their minds instead of Christmas gifts or in their holiday shopping carts. What Happened: Consumers are looking for top deals on televisions, video game consoles and toys this Black Friday shopping season, which comes as experts predict the shopping holiday...
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One Low-Tech Toy Blows Away Black Friday Shopping Competition
Friday, November 29, 2024 - 1:12pm | 428While many shoppers are searching for the latest tech gadgets, a toy brand nearly 100 years old is dominating Black Friday searches in 2024. What Happened: Each year, new toys and gadgets are among the most searched items during the Christmas holiday shopping season. Airpods, iPads, Nintendo Switch...
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Black Friday NFL Game Preview: Kansas City Chiefs Continue Path To Super Bowl Three-Peat, Amazon Looks For Holiday Sales Boost
Friday, November 29, 2024 - 11:49am | 853Many Americans will likely shop or place online orders this Black Friday. But National Football League fans will give thanks that there is another football game to watch. What Happened: Amazon.com Inc (NASDAQ:AMZN) looking to cash in on extra viewership for the second straight year when Prime Video...