Constellation, Etsy rise; First Bancorp, Take-Two fall
June 2, 2021
FacebookTwitterEmail
Etsy Inc., up $11.68 to $175.14.
The online crafts marketplace is buying the shopping app Depop for just under $1.63 billion.
Constellation Pharmaceuticals Inc., up $13.33 to $33.57.
The biopharmaceutical company is being bought by MorphoSys in a $1.7 billion deal.
NortonLifeLock Inc., up 60 cents to $28.49.
The security software maker launched Norton Crypto, which is designed to help people more securely mine cryptocurrency.
Visa Inc., up $3.03 to $229.66.
The global payments processor gave investors an encouraging update on payment volumes.
First Bancorp, down $2.42 to $42.99.
The bank is buying Select Bancorp for $314.4 million in an all-stock deal.
Ally Financial Inc., down 49 cents to $55.66.
It s time to consider investing in smid-cap stocks, according to Bank of America analysts.
The analysts make the case for smid-cap stocks on both sides of the Atlantic.
We list their top 36 stock picks, including one that could surge 135%.
Most investors have been cautious about investing in small- to mid-cap stocks following the extraordinary rally that took place after news of the first effective vaccine emerged towards the end of last year.
However, it might be time to reconsider investing in smid-caps as the outlook for the stocks look strong on both sides of the Atlantic, according to Bank of America analysts.
Bitcoin (CRYPTO: BTC) and
What Happened: The owner of investment firm
Icahn Enterprises LP (NASDAQ:IEP), who hasn t bought any cryptocurrency yet, told Bloomberg TV on Wednesday he may eventually put more than $1 billion into an alternative currency.
Icahn said he believes investors are looking at alternative currencies as parts of the equities market are being traded at “ridiculous prices.”
See also:
“Well, what’s the value of a dollar? The only value of the dollar is because you can use it to pay taxes,” Icahn told Bloomberg. “I’m looking at the whole business, and how I might get involved in it.”
Analyst says the case probably will not affect USA courts, though.
(Bloomberg) Climate lawyers are gearing up to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions on the grounds that the oil giant is violating human rights by contributing to global warming.
“We are already supporting other organizations to set up similar cases in their countries,” said Donald Pols, director of environmental group MilieuDefensie, or Friends of the Earth Netherlands, which brought the case against Shell. “This court case and verdict open a whole new approach to climate litigation and because of its success it will be copied by other civil society organizations in the rest of the world.”