Trump Media & Technology Group stock (DJT) sank double digits in premarket trading on Thursday, reversing the gains it enjoyed on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election. Shares in the company — the home of Trump’s social media platform, Truth Social — have been on a wild ride over the past week, with the up-and-down moves mostly tied to Trump’s chances of reclaiming the White House. The stock is down about 10% over the past five days, although shares have rallied nearly 120% in the past month. Strategists have categorized the stock as…
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Image source: Getty Images I had a bit of a splurge on Legal & General (LSE: LGEN) shares last year, buying them in April, July and August. So far, they’ve had a patchy run. Over the last 12 months, the Legal & General share price has fallen 1.4%. That’s well behind average growth of 10.21% across the FTSE 100 as a whole. Meh. The market may have been a little harsh. While first-half profits, published on 7 August, climbed just 1% to £849, they still beat analyst forecasts of £834m. One of the best dividends on the FTSE 100 L&G…
Investing.com — BT Group (LON:) shares fell over 5% on Thursday, following its Q2 results that posted ongoing weakness across key revenue-generating segments. This decline was largely due to deteriorating performance within BT’s business unit and continued competitive pressures on broadband services, which weighed heavily on the group’s overall financials. BT reported a 3.1% drop in revenue, falling to £5.086 billion— below analyst expectations of £5.217 billion. While EBITDA saw a modest rise of 0.5%, cost-saving measures appeared to offset some of the revenue shortfalls. The Business segment, however, posted a 6.8% drop in revenue compared to the previous quarter,…
Image source: Getty Images A bruising few years has pushed the Vodafone (LSE: VOD) share price to levels previously seen only in the last century. The shares now change hands for 72p, a price that sounds more like a bargain penny stock than one of Europe’s largest companies. Comparing it to previous highs of 294p in 2014, 237p in 2018, 128p in 2022 or even that dotcom-fuelled all-time high of 548p some years ago throws up an obvious question. Just how cheap is the price? Patchy record Before I try to unravel an answer to that question, I’ll point out…
It is doubtless a positive to see that the Sinclair, Inc. (NASDAQ:SBGI) share price has gained some 30% in the last three months. But if you look at the last five years the returns have not been good. You would have done a lot better buying an index fund, since the stock has dropped 54% in that half decade. It’s worthwhile assessing if the company’s economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let’s do just that. Check out our latest analysis for Sinclair Because Sinclair made…
Paid non-client promotion: Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate investing products to write unbiased product reviews. I made a lot of mistakes as I started investing, because I didn’t have a lot of financial education. However, mistakes like not investing in ETFs and getting hit by higher taxes were a good learning experience. My mistakes cost me money, but I’m glad I didn’t wait until I felt like I knew…
ALBANY, N.Y. – Soluna Holdings, Inc. (NASDAQ: SLNH), a company specializing in the development of green data centers for high-demand computing tasks such as mining and AI, has disclosed its October operational updates for various projects. The company has made strides in its site-level operations and developments, which include both ongoing and upcoming initiatives. Project Dorothy, which is focused on Bitcoin hosting and proprietary mining, has maintained high operational levels due to favorable fall temperatures that have minimized disruptions. In addition, Project Dorothy 2 is advancing with initial site preparation and foundation work for a new 48-megawatt hosting facility. The…
Warner Bros. Discovery (WBD) stock rose over 1% in premarket trading on Thursday after the company reported strong streaming results in the third quarter. But revenue missed expectations as the media giant struggled with a drop in its studios segment and continued declines from its linear TV business. Revenue came in at $9.62 billion, missing Bloomberg consensus expectations of $9.81 billion and a 3% drop compared to the $9.98 billion seen in Q3 2023. The company reported adjusted earnings per share of $0.05 versus a loss of $0.17 in the year-earlier period. Consensus expectations had anticipated a loss closer to…
Image source: Getty Images The BT Group (LSE: BT.A) share price fell 7.5% on Thursday morning (7 November), on first-half results. That’s despite the interim dividend rising 3.9% to 2.4p per share. The same boost to the final payout this year could push the dividend yield above 6% based on today’s fallen share price. The final dividend paid for the 2023-24 year, it seems, was “fully covered by normalised free cash flow.” I see that as a transition point, which eases one of my fears. Profit weakness So what’s the problem? Profit before tax fell 10%, to £967m, after revenue…
Bank of America downgrades SolarEdge Technologies, cites greater risk to clean energy industry after Trump winSolarEdge Technologies could face some downside after President-elect Donald Trump’s defeat of Vice President Kamala Harris, according to Bank of America.The bank downgraded the stock to underperform from neutral and slashed its price target. Its updated target now reflects more than 4% downside from Wednesday’s close. Shares have already fallen more than 84% this year.Analyst Dimple Gosai said that the former president’s plans to amend the Inflation Reduction Act and raise tariffs could increase risk to the clean energy industry, even though his policies would…