Author
Sebastien
Investment analyst at Gorgorus.
503 articles
China's Bitcoin Crackdown
China's central bank has called for the shutdown of a company that, "was suspected of providing software services for virtual currency transactions". The People's Bank of China also warned institutions not to provide other services related to virtual currency.
11 Jul 2021
Wise, Previously TransferWise, Goes Public In London
Wise, formerly known as TransferWise, is going public. The money transfer company has decided to list directly on the London Stock Exchange.
11 Jul 2021
Shortages Cool Down Growth
The Institute for Supply Management said on Tuesday that its non-manufacturing activity index has fallen to 60.1 while it stood at 64.0 in May. A reading above 50 indicates growth in the services sector, which accounts for two-thirds of U.S. economic activity.
11 Jul 2021
Didi Gets Slammed
The shares of Didi Global last traded at about $12, well below their initial price of $16.65 on June 30 - a fall in market capitalisation of about $19 billion.
11 Jul 2021
Zipline Raises $ 250m At A $ 2.75B Valuation
Zipline is vertically integrated, which means it designs and manufactures the unmanned drones, logistics software and the accompanying launch and landing system.
11 Jul 2021
Rising Home Prices And Labour Shortages
With the stock market close to its all-time highs, the wealth effect is starting to form and retail investors are moving some of their gains from the stock market to the housing market.
11 Jul 2021
SoFi, The Next Meme-Stock?
SoFi recently announced that it would allow users to gain access to the initial public offerings of four Palihapitiya-backed Blank Check companies. Is this the next "Meme-stock"?
11 Jul 2021
JPMorgan Adds To China
The $1.48 billion JPMorgan Pacific Technology Fund is growing its exposure to tech giants whose valuations have been hit by an antitrust crackdown in China.
11 Jul 2021
Where To Go From Here?
Yet for many money managers the last few months have felt like anything but a straightforward win. But how are markets responding?
11 Jul 2021
WeFox Is Raising Funds And Sprinklr Goes Public
WeFox, an insurance technology player based in Germany, raised $650m at a $ 3B valuation. As Lemonade is doing, it seeks to “[tackle] that $5.2 trillion industry that has been stuck in the pre-internet era”.
30 Jun 2021
Earnings Season Is ON
Offline, value and banking stocks are having their moment in the sun as strong earnings and investor optimism about the re-opening are lifting stocks. However, richly valued tech stocks still fail to reach higher and remain pressured.
30 Jun 2021
Pinterest Earnings Review
Pinterest is a fast-growing company that managed to take advantage of the pandemic and saw its sales increase dramatically. However, a large share of Pinterest’s stock price growth was driven by expanding multiples
30 Jun 2021
Peloton Goes Corporate
Peloton announced the launch of a corporate wellness program on Tuesday. Businesses that sign up will be able to offer subsidized access to the Peloton digital fitness membership and its high-end cycles and treadmills for employees.
30 Jun 2021
When Is A Stock Overvalued?
How can we see if a stock is overvalued? It doesn’t need to be complex and investors can do a great job by tracking the evolution of a stock’s Price To Earnings ratio (for profitable companies) or Enterprise Value To Sales ratio (for growing companies).
30 Jun 2021
A Warm Summer For The Fed
Excess savings and the approach of the summer could lead consumers to direct their “revenge buying” on categories long shunned: alcohol, cosmetics and perfumes.
30 Jun 2021
Tapering Talks?
The Fed took a hawkish turn on Wednesday as they pencilled two potential rate hikes in 2023, sooner than previous estimates.
30 Jun 2021
Volatility Is Gone... According To Big Banks
Jamie Dimon, the CEO of JPMorgan Chase, said that trading revenue will drop to around $ 6B as the market volatility prompted by the pandemic fades away
30 Jun 2021
Cryptos And New "MEME" Stocks?
Recent months have been interesting, even by Wall Street standards. Back in February, this took the form of extreme speculation in heavily shorted stocks and unlimited optimism regarding the fate of many high-growth stocks.
30 Jun 2021
Emerging Markets, A Dangerous Bet?
A rise in rates in developed economies could lead to a considerable capital flight from riskier, emerging regions to safer, developed economies.
30 Jun 2021
Global Manufacturing Picks Up
Manufacturing activity is picking up in the U.S. as the economy re-opens. However, the market is still pressured by a lack of workers, a shortage of key products (semiconductors) and booming commodity prices.
30 Jun 2021
