It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading
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Tenedora de Cines, owner of exhibition giant Cinepolis, has acquired 2.8 million shares, or 2.4%, of U.S exhibitor Cinemark, according to an SEC filing Wednesday. Another 17 individuals who are executives and part of the company’s founding family have acquired various smaller positions that total 6.1%. An SEC filing is required in cases where passive
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WASHINGTON — Virgin Orbit announced May 20 it will make the first flight of its LauncherOne air-launched vehicle as soon as May 24, but is setting modest expectations about the probability of success. The company said in a statement that it current plans to perform its inaugural LauncherOne mission May 24, with “Cosmic Girl,” the
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E-book and audiobook subscrition service Scribd has been actively embracing and experimenting with bundling over the past couple years, creating joint offers with The New York Times and with Spotify and Hulu. Today it announced a slightly different take on the idea with Scribd Perks. These perks gives Scribd’s paying subscribers (the service costs $8.99 per
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Guns N’ Roses have rescheduled their upcoming North American tour due to safety concerns surrounding the spread of coronavirus. The tour was set to begin at Milwaukee’s Summerfest on July 4. All tickets will be honored for the to-be-announced future dates. The band has also canceled their European tour, set to kick off today (May
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