Latest news with #JohnnyRice
Yahoo
4 days ago
- Business
- Yahoo
Why Newsmax Stock Is Sinking Today
The company's stock is down more than 90% from its peak post IPO. Despite this, it still remains expensive in my view. 10 stocks we like better than Newsmax › Shares of Newsmax (NYSE: NMAX) are plunging on Thursday. The media company's stock lost 9% as of 3:50 p.m. ET. The steep decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.3% and 0.8%, respectively. There isn't a direct catalyst today, so here's a quick analysis of the company's stock. Newsmax saw its stock skyrocket nearly 1,800% in the first two days following its recent initial public offering (IPO), before falling roughly 90% over the next week. The conservative media company's viewership has been spiking, leading to the intense excitement around its stock. Newsmax's Q1 viewership jumped 50% year over year, and it is now one of the five most-watched channels in all of cable and the fourth-most-watched cable news channel. Along with its viewership, its revenue has grown considerably as well. The company's revenue jumped 26.4% from 2023 to 2024. That's about where the good news ends. The company is operating deep in the red, losing more than $17 million in the first quarter of 2025. Its viewership numbers are also less impressive when you consider that most cable news channels saw comparable major growth over the same period and that its biggest competitor, Fox News, is still miles ahead. All 15 of the most-watched shows on cable appear on Fox. And that 15th-ranked show has 3 times as many viewers as Newsmax's top-ranked program. Despite this disparity, Newsmax stock carries a price-to-sales ratio more than 8 times that of Fox News' parent company. This seems divorced from reality to me. And if that weren't reason enough to stay away from this stock, Newsmax is facing massive litigation over its false statements regarding the 2020 election. The penalty it could face would potentially bankrupt the company. Before you buy stock in Newsmax, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Newsmax wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Newsmax Stock Is Sinking Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Why Sony Stock Spiked Today
Sony will hold an investor event on Thursday to detail its plan for the upcoming spin-off of its financial services arm. Shareholders will receive 80% of the newly created shares. The company will refocus on its core consumer electronics and entertainment businesses. 10 stocks we like better than Sony Group › Shares of Sony Group (NYSE: SONY) rose on Tuesday. The company's stock was up 4% by the time the market closed. The move up comes as the S&P 500 jumped 2% and the Nasdaq Composite jumped 2.4%. Reuters reported that Sony will distribute 80% of newly created shares from the upcoming spin-off of its financial services arm. More details will be revealed in the company's Investor Day on Thursday. Sony took full control of Sony Financial Services several years ago, but after a change in Japanese Tax law, the company is spinning off the finance arm. The news that current Sony shareholders will receive 80% of the newly created shares helped boost its stock today. On Thursday, the company will reveal more details of its growth plan for the newly created company. The spin-off and direct listing, a move more common outside of Japan, is set to be the first partial spin-off under a 2023 tax law and the first direct public listing in over 20 years in Japan. The chief financial officer (CFO) of another Japanese company looking to follow suit told Reuters, "The partial spin-off has finally become tax-free, aligning with Western practices and giving an option for large Japanese companies... to shrink their conglomerate discount." The move is positive as it allows the company to refocus on its core businesses: entertainment and consumer electronics. It will free up capital to invest in these areas, especially the company's image sensors, critical for smartphones. Sony has solid growth prospects and valuable intellectual property on the entertainment side, and a proven record of innovation in consumer electronics. I think its a good pick, especially as it refocuses post spin-off. Before you buy stock in Sony Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sony Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Sony Stock Spiked Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Why Trump Media Stock Plummeted Today
The company is betting on Bitcoin, raising $2.5 billion to purchase a reserve of the cryptocurrency. The institutional investors involved will receive $1.5 billion in common stock as well as $1 billion in convertible notes. 10 stocks we like better than Trump Media & Technology Group › Shares of Trump Media & Technology Group (NASDAQ: DJT) sank on Tuesday. The company's stock plummeted 10.4% as of market close. The fall comes as the S&P 500 jumped 2% and the Nasdaq Composite fell 2.4%. Trump Media announced on Tuesday that it is raising $2.5 billion to create what would be one of the largest Bitcoin reserves in the world held by a public company. Following in the footsteps of Strategy, Trump Media is betting a massive reserve of Bitcoin will drive value. The company announced it had entered into a deal with institutional investors to raise $2.5 billion in exchange for $1.5 billion in stock and $1 billion in convertible notes. The proceeds will go to purchasing Bitcoin and holding it as a core Treasury asset. It will be held in conjunction with Anchorage Digital and which will provide custodial services. The announcement, which aligns with the Bitcoin 2025 conference in Las Vegas, comes at a time when the crypto sits near an all-time high. Aside from claiming this will drive value, CEO Devin Nunes pitched the move as a hedge against what he calls "financial discrimination," calling Bitcoin "the apex instrument of financial freedom." Investors should remember that Trump Media is a company with essentially no revenue, operating deep in the red. Despite sales last quarter of $821,200 and a net loss of nearly $32 million, the company is valued at nearly $5 billion. That kind of disparity is only remotely reasonable if there is a promising path to profitability and significant revenue growth that would eventually justify a market cap of that size. There is not one. Trump Media wasn't a good investment before today's announcement, and it is not one now. Before you buy stock in Trump Media & Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Trump Media & Technology Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Why Trump Media Stock Plummeted Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Why Navitas Semiconductor Is Skyrocketing Today (Hint: Nvidia Has a New Partner)
Navitas announced it has been chosen by Nvidia to help power its next-generation data center systems. The company's advanced gallium nitride (GaN) and silicon carbide (SiC) technologies help with efficient power supply and solve key scaling issues. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) are skyrocketing on Thursday. The company's stock soared an incredible 156% as of 1:57 p.m. ET, and as much as 161.8% earlier in the day's trading. The remarkable gain comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped 0.6%. The semiconductor company announced a new partnership with artificial intelligence (AI) chip giant Nvidia after the market closed yesterday. Navitas announced Wednesday that Nvidia has selected the company to help power its next-generation AI data center systems that will include the much anticipated Rubin chips, the upcoming successor to its current, industry-leading Blackwell chips. Navitas says its gallium nitride (GaN) and silicon carbide (SiC) technologies will help Nvidia solve key scaling issues with its power supply for the incredibly powerful AI-enabling chips. The technologies create "high-efficiency, scalable power delivery for next-generation AI workloads, ensuring greater reliability, efficiency, and reduced infrastructure complexity." The deal is important not just because it will bring in significant revenue, but because in partnering with the world's leading AI chipmaker, Navitas' technology is validated to the entire industry. Gene Sheridan, CEO of Navitas, said, "We are proud to be selected by Nvidia to collaborate on their 800 HVDC architecture initiative," adding, "Our latest innovations... have created new inflections into markets such as AI data centers and electric vehicles." I think Navitas stock is worth owning; this seal of approval from Nvidia is a game changer, and the company's balance sheet is solid, with minimal debt. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Navitas Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Why Navitas Semiconductor Is Skyrocketing Today (Hint: Nvidia Has a New Partner) was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Why UnitedHealth Stock Is Imploding Today
UnitedHealth is reportedly under criminal investigation by the DOJ for Medicare fraud. The DOJ is already investigating the company in a civil suit. The news comes just days after the sudden departure of the company's CEO. 10 stocks we like better than UnitedHealth Group › Shares of UnitedHealth Group (NYSE: UNH) are falling on Thursday. The company's stock has plummeted 15% as of 11:33 a.m. ET but lost as much as 19.2% earlier in the day. The collapse comes as the S&P 500 gained 0.1% and the Nasdaq Composite fell 0.4%. The troubled health insurance giant is facing reports of a Department of Justice (DOJ) investigation into possible Medicare fraud. The Wall Street Journal reported late Wednesday that the DOJ's healthcare fraud unit is conducting a criminal investigation into the company for possible Medicare fraud. According to the report, the investigation has been ongoing since at least last summer. UnitedHealth was apparently unaware the investigation had been launched, but after the news broke insists that it stands "by the integrity of [its] Medicare Advantage program." UnitedHealth is already under investigation by the DOJ in a civil fraud case surrounding its Medicare billing practices. The revelation of another investigation comes just days after its CEO, Andrew Witty, left the company abruptly for "personal reasons." The company is also facing rising health costs that are pressuring its margins and was forced to cut full-year guidance in its last quarterly earnings report. All of this has shaken investor confidence in the healthcare giant, and its shares have plummeted 50% in just 23 trading days, marking the most severe drop for an S&P 100 company since Netflix fell 54% in May 2022, according to Dow Jones Market Data. There are just too many issues facing UnitedHealth at the moment and this once seemingly stable investment looks far from it at the moment. I would stay away from UnitedHealth stock. Before you buy stock in UnitedHealth Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and UnitedHealth Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix. The Motley Fool recommends UnitedHealth Group. The Motley Fool has a disclosure policy. Why UnitedHealth Stock Is Imploding Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
