Latest news with #RyanCohen
Yahoo
2 days ago
- Business
- Yahoo
2 Mooning Stocks with Competitive Advantages and 1 to Think Twice About
The stocks in this article are all trading near their 52-week highs. This strength often reflects positive developments such as new product launches, favorable industry trends, or improved financial performance. But not every company with momentum is a long-term winner, and plenty of investors have lost money betting on short-term fads. On that note, here are two stocks with lasting competitive advantages and one not so much. One-Month Return: +25.5% Founded by Ryan Cohen, who later became known for his involvement in GameStop, Chewy (NYSE:CHWY) is an online retailer specializing in pet food, supplies, and healthcare services. Why Is CHWY Not Exciting? Scale is a double-edged sword because it limits the company's growth potential compared to its smaller competitors, as reflected in its below-average annual revenue increases of 9.8% for the last three years Estimated sales growth of 4.5% for the next 12 months implies demand will slow from its three-year trend Bad unit economics and steep infrastructure costs are reflected in its low gross margin of 28.8% Chewy is trading at $47.46 per share, or 29.9x forward EV/EBITDA. To fully understand why you should be careful with CHWY, check out our full research report (it's free). One-Month Return: +25.9% After successfully selling all four of his previous cybersecurity companies, Jay Chaudhry's fifth venture, Zscaler (NASDAQ:ZS) offers software-as-a-service that helps companies securely connect to applications and networks in the cloud. Why Do We Like ZS? ARR trends over the last year show it's maintaining a steady flow of long-term contracts that contribute positively to its revenue predictability Forecasted revenue growth of 19.5% for the next 12 months indicates its momentum over the last three years is sustainable Robust free cash flow margin of 27.1% gives it many options for capital deployment At $293.30 per share, Zscaler trades at 14.9x forward price-to-sales. Is now the time to initiate a position? Find out in our full research report, it's free. One-Month Return: +2.7% Operating as a critical link in the healthcare supply chain since 1979, Cardinal Health (NYSE:CAH) distributes pharmaceuticals and manufactures medical products for hospitals, pharmacies, and healthcare providers across the global healthcare supply chain. Why Are We Fans of CAH? Unparalleled scale of $222.3 billion in revenue gives it negotiating leverage and staying power in an industry with high barriers to entry Projected revenue growth of 8.4% for the next 12 months indicates demand will rise above its two-year trend Earnings growth has topped the peer group average over the last five years as its EPS has compounded at 7.7% annually Cardinal Health's stock price of $156.14 implies a valuation ratio of 17.8x forward P/E. Is now the right time to buy? See for yourself in our in-depth research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
28-05-2025
- Business
- Yahoo
GameStop stock slides 10% as company announces $500 million bitcoin purchase
GameStop (GME) stock sank more than 10% on Wednesday after the video game retailer announced it purchased 4,710 bitcoin (BTC-USD). With bitcoin trading around $108,000 per token, the investment is valued at over $500 million. The token reached a record high north of $111,000 last week. In March, the company, led by billionaire Ryan Cohen, formally announced that its board unanimously approved adding the cryptocurrency as a treasury reserve asset. Subsequently, the meme stock tumbled nearly 25% in one session after the retailer said it intended to raise $1.3 billion via convertible senior notes to purchase bitcoin. Public companies have increasingly added bitcoin to their balance sheets, following the lead of Strategy (formerly MicroStrategy) (MSTR), the largest corporate holder of bitcoin. On Tuesday, Trump Media & Technology Group (DJT) unveiled plans to raise $2.5 billion to create what it claims will be one of the largest bitcoin treasuries held by any public company. Shares of Trump Media, which are majority owned by President Trump, fell over 10% following the announcement. 'We're at a space where people are racing to put this on their balance sheet,' BitcoinIRA co-founder & coo Chris Kline told Yahoo Finance on Wednesday morning. 'With the hype and expected price movements ahead... that's a huge growth in the balance sheet for these groups," he added. Bernstein analyst Gautam Chhugani points to increasing corporate adoption of bitcoin as a bullish sign for the token. "Globally, ~80 corporates have adopted the 'Bitcoin Standard,' adding BTC to their treasuries and now holding approximately 3.4% of total supply," Gautam Chhugani wrote earlier this month. That amounts to roughly 720,000 tokens — up 160% from the 270,000 held at the end of 2023. Bernstein forecasts that bitcoin will reach $200,000 by year-end. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. 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
Fast Company
28-05-2025
- Business
- Fast Company
Why is GME stock down today? GameStop is betting $500 million on bitcoin, but investors aren't buying it
GameStop is taking its promised bitcoin investment seriously—$500-million-worth-of-bitcoin serious, in fact. The video game retailer (which has also become a meme stock) announced the purchase of 4,710 bitcoin, the oldest and largest cryptocurrency, on Wednesday. The company first announced that it had set its sights on cryptocurrency in early March, Fast Company reported, following the GameStop board's unanimous decision to add bitcoin as a treasury reserve asset, allowing the company to invest its corporate cash, future debt, and equity issuances on digital tokens. Valued at $108,493 per bitcoin at the time of writing, today's announced investment amounts to around $511 million. As of February of this year, the company held around $4.8 billion in cash, and said in a regulatory filing that it has not set a ceiling for accumulated bitcoin. While the news had an initial positive response in premarket trading, the stock sank as much as 4% (at the time of writing), trading at $30.9 in comparison to the prior day's closing at $35. Fast Company reached out to GameStop but did not receive a comment at the time of publishing. The bitcoin purchase marks the next step for CEO Ryan Cohen's plan to improve the company's profitability. Cost-cutting efforts included closing 590 brick-and-mortar locations last fiscal year. While this year's fourth-quarter net sales fell to $1.2 billion compared to the prior year's $1.7 billion, the retailer saw an increase in net income, rising to $131.3 million compared to $63.1 million the year before. The company's direction has been relatively effective, with stock up around 8% this year, and a current market valuation of $14.2 billion. Following an uptick in stock price in March—due in part to the initial investment policy announcement—GameStop has seen a steady rise despite a decline in early May. The expansion of the company's portfolio investment toward cryptocurrency follows in the footsteps of software company Strategy (formerlyMicroStrategy), which is the largest corporate holder of bitcoin following years of investments. The decision to turn to digital tokens also follows President Trump's focus on cryptocurrency, with his administration establishing the Strategic Bitcoin Reserve, and the president launching his eponymous token and hosting a private dinner with holders.
Yahoo
28-05-2025
- Business
- Yahoo
GameStop purchases $500 million in bitcoin in first crypto push
GameStop on Wednesday announced it has bought 4,710 bitcoin, worth over $500 million, as the video game retailer makes its first major foray into cryptocurrency. In March, GameStop announced that its board of directors had unanimously approved its purchase of bitcoin as a treasury reserve asset. GameStop's stock price jumped 92 cents, or 2.6%, to $35.97 before the start of trade Wednesday. The shares, dubbed a "meme stock" in recent years as retail investors piled into the company despite its lack of profits, has surged more than 84% over the last 12 months. GameStop CEO Ryan Cohen, the billionaire co-founder of pet product retailer Chewy, has sought to slash costs to revive the brick-and-mortar retailer. The company's plunge into bitcoin comes after President Trump's social media company, Trump Media and Technology Group, announced Tuesday it is raising $2.5 billion to invest in bitcoin. Software maker MicroStrategy last week also disclosed that it now holds more than 580,000 bitcoins, which traded Wednesday for $107,738, according to CoinDesk. Bitcoin prices have surged since Mr. Trump's November re-election, with the president and other administration officials expressing support digital currencies. Vice President JD Vance is scheduled on Wednesday to speak at the Bitcoin Conference, which bills itself as "the world's largest gathering of bitcoiners." Mr. Trump, then a presidential candidate, was the headline speaker last year. SpaceX loses contact with its Starship, spins out of control Inmate known as "Devil of the Ozarks" escapes from prison dressed as officer Another SpaceX Starship rocket test fails 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
GameStop just bought $500 million worth of Bitcoin
GameStop (GME) has become the latest publicly-traded U.S. company to put cryptocurrency on its balance sheet. The video game retailer bought 4,710 Bitcoin, it announced Wednesday morning in a single-sentence press release. The purchase is worth around $509 million at current market prices, with Bitcoin hovering around $108,000. Shares of GameStop rose nearly 3% in premarket trading. The move continues the trend of companies raising capital to stockpile Bitcoin as treasury assets. Trump Media & Technology Group tapped investors for $2.5 billion to fund a cryptocurrency reserve, it revealed yesterday. GameStop's move adds to the 30 companies with Bitcoin reserves listed on the Nasdaq, with treasuries worth a combined total of more than $85 billion — about 2% of the coin's total market cap. The rise of online shopping and streaming services has plunged GameStop's brick-and-mortar business into relative obsolescence over the the past decade. Its shares declined 95% between 2013 and 2020. GameStop, which was founded in 1984, became a 'meme stock' in 2021. Meme stocks refer to shares in ailing businesses that gain popularity among retail investors through social media. So-called 'degenerates' on Reddit augmented a mass purchase of shares in the ailing video game retailer — a trade that shook Wall Street. It soared 21-fold over a two-week period before crashing to pre-surge levels in a matter of days. A meme stock frenzy has taken place in recent weeks, which GameStop looks to be capitalizing on. Its shares are up more than 20% in one week, while shares in AMC Entertainment (AMC) are up 38% this month. GameStop's foray into crypto isn't surprising. The appeal of meme stocks — volatility, anti-establishment, viral — is analogous to meme coins. Traders thus typically also trade crypto tokens, and GameStop has a cult-like status among the community. It's just one of many attempts by CEO Ryan Cohen to revive the business since he took over in 2023. In 2020, Cohen wrote a public letter to GameStop's board urging them to scale back real estate, recruit tech talent and develop an e-commerce platform that could be competitive in the modern gaming economy. The company has also made several attempts to diversify its offering: It unveiled a series of 'retro' branches, selling nostalgic games, last year, and has some stores dedicated to merchandise. For the latest news, Facebook, Twitter and Instagram.
