If you're looking to buy shares in JDE Peet's, the newest coffee company to go public, you might find it to be a difficult task. That's because, despite the Peet's Coffee IPO raising $2.5 billion, it trades on Euronext Amsterdam, and doesn't appear to be available over the counter in the U.S.Source: Ken Wolter / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsNo matter. It's still an IPO worth covering. There are several reasons why, including that the Peet's Coffee IPO raised a ton of money. Despite the difficulties buying its stock, the IPO is the second-largest in 2020, behind only the Beijing-Shanghai High-Speed Railway, which raised $4.4 billion in January and trades on the Shanghai Stock Exchange. It's interesting that a company that owns such an iconic American brand as Peet's Coffee would choose to list in Europe and not the U.S. It must have been the...
Carnival Corp (NYSE: CCL) will likely be able to fund its requirements until early next year, even with a pause in its operations, according to BofA Securities.The Carnival Analyst: Geoffrey d'Halluin maintained a Neutral rating for Carnival and raised the price target from 1,000 pence ($12.62) to 1,500 pence ($19). The Carnival Thesis: Carnival announced soft preliminary results for the second quarter on Thursday due to the suspension of operations for most of the quarter, and there is low visibility into when cruise operations will resume, d'Halluin said in a Thursday note.Carnival's liquidity position and estimated cash burn suggest that the company will be able to fund itself at least until early next year, even if its operations do not resume, the analyst said. Carnival estimates a monthly cash burn rate of around $650 million in the second half of 2020, lower than its previous $1-billion estimate, he said.The company ended...
In May, J.C. Penney filed for bankruptcy. And yet, since May 20, JCP stock -- which now trades under the ticker, JCPNQ, to symbolize J.C. Penney's bankrupt nature -- has essentially doubled.Source: Supannee_Hickman / Shutterstock.com Why?Unchecked, and largely unwarranted, speculation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn essence, traders appear to be doing one of two things. They are either: 1) playing a dangerous game of "The Greater Fool" wherein traders are just buying JCP stock on the idea that someone else will buy it from them at a higher price in the future, and/or 2) betting on the idea that J.C. Penney's real estate is worth enough to pay off creditors and still have some money left over for common shareholders.The first dynamic isn't sustainable. The second idea is just plain wrong. * 10 Robotics Stocks on the Technological Cutting Edge So do yourself a favor and stop...
On CNBC's "Mad Money Lightning Round," Jim Cramer said there is no need to trade out of Upwork Inc (NASDAQ: UPWK). He likes the stock.General Electric Company (NYSE: GE) is entering a restructuring mode and it probably won't have anything good to say until 2021, explained Cramer. He added that a patient person could get a payoff.Instead of Goodyear Tire & Rubber Co (NASDAQ: GT), Cramer would rather buy AutoZone, Inc. (NYSE: AZO).Cramer prefers Zillow Group Inc (NASDAQ: ZG) over CoStar Group Inc (NASDAQ: CSGP).U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) is up too much, said Cramer. He wants to do more work on the stock before he makes a recommendation.Goldman Sachs Group Inc (NYSE: GS) has got some upside, thinks Cramer. His charitable trust owns it and he would hold on to it.See more from Benzinga * Cramer Shares His Thoughts On Teva, Oxford Industries And More(C) 2020 Benzinga.com. Benzinga...
(Bloomberg) -- Markus Braun’s almost two decades as Wirecard AG’s chief executive officer ended after accusations about the company’s accounting culminated in a shock disclosure that it was unable to locate 1.9 billion euros ($2.1 billion).James Freis has been appointed interim CEO, the German payments company said in a short statement Friday. A recent hire and former compliance executive at Deutsche Boerse AG, Freis was only named as a member of the management board on Thursday.Braun’s exit comes after a catastrophic few days for Wirecard, which suffered a share price collapse after the two Asian banks that were alleged to be holding the missing cash denied any business relationship with the company.Read More: Germany’s Fintech Star Falls on Failure to Clean Up WirecardWirecard is now facing a potential cash crunch. The company warned Thursday that loans as much as 2 billion euros could be terminated if its audited annual report is...
