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The push to work from home may have accelerated the exit out of Silicon Valley for now, but tech startups that remain are turning to a different type of workforce: remote workers overseas. As more and more companies adjust to a distributed reality, founders say they are increasingly looking outside of the United States to tap into a global talent pool, largely untapped by big tech....
UnitedHealth Group Incorporated (NYSE:UNH) is about to trade ex-dividend in the next 4 days. Ex-dividend means that......
Have stocks reached an impasse? For the last six months, the market has bounced back in a V-shape despite the havoc COVID-19 has wreaked, spurring an unprecedented economic and financial backdrop. Standing at the front of the pack has been the tech sector, with the space holding up strong. That is, until a few days ago. According to Bespoke Investment Group, Thursday September 3 marked the Nasdaq’s largest one-day drop from a record high in its history. The following session also saw the index land in the red. Weighing in on the decline is five-star analyst Daniel Ives, of Wedbush, who notes the “sell-off is a speed bump on a path still higher for tech stocks.” He commented, “While today's massive sell-off will cause some white knuckles on the Street as fears of a tech bubble and stretched valuations become the talk of the town, we continue to believe the secular...
The EV manufacturer added to weekly losses late Friday after an SP-500 committee failed to add the company to the index....
On CNBC's "Options Action," Tony Zhang suggested that investors should consider a bullish options strategy in Apple Inc. (NASDAQ: AAPL). He believes that the sell-off is going to be contained with the volatility we have seen over the past couple of days.Zhang thinks Apple's chart is strong, relative to the market and to the tech sector and he thinks it has one of the strongest fundamental outlooks within the tech sector. The stock traded below its 20-day moving average, which Zhang sees as a bullish sign.To make a bullish bet, Zhang wants to sell the October $115/$105 put spread for a credit of $4.15. The trade breaks even at $110.85 or around 8.5% below the closing price on Friday. If the stock stays above $115 at the October expiration, Zhang is going to collect the premium. If it trades to $105 or lower, the trade is going to reach its maximal...
A viewer of CNBC's "Options Action," asked the trading panel a question about FedEx Corporation (NYSE: FDX). The company is going to report earnings on Sept. 15 and the viewer, who sold the October $210/200 put spread in FedEx, wants to know what to do with the position going into earnings.Tony Zhang said he likes FedEx as it held up pretty well during the sell-off. Regarding the position, Zhang thinks that the viewer's actions depend on his cost basis. If he has already collected more than 50% of the maximal profit on the put spread, it's time to take profits. Otherwise, it makes sense to hold the position through earnings.Carter Worth also commented on the stock. He said it's the number one constituent of the Dow Jones Transport Index, which had a very big day up on Friday. Worth likes the stock.See more from Benzinga * Todd Gordon Weighs In On...
Shares in SRAX spiked as much as 37% in Friday’s extended market session after the digital marketing and consumer data technology company announced plans to acquire LD Micro, a data and event company serving the small and micro-cap space.The stock soared to as much as $3.91 on the news in Friday’s after-market session. Financial terms of the deal weren’t disclosed, but it is expected to close next week. SRAX (SRAX) has developed into a financial technology company that unlocks data and insights for publicly traded companies. Through its investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels.The combined entities will focus on the rapid adoption of SRAX’s Sequire platform as well as hosting virtual and in-person events, the companies said.“LD Micro is, without a doubt, one of the most well known and respected...
