News

April 6, 2022

Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know

ZINGER BRIEF
  • At this time, 70% of the U.S. airline market is controlled by four major airlines.
  • The new purchase offer from JetBlue for Spirit comes after a planned merger with Frontier Airlines.
  • Spirit Airlines Incorporated
    SAVE+22.4%+ Free Alerts
    on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation
    JBLU-7.08%+ Free Alerts
    to buy the company’s outstanding shares for $33 apiece. The unsolicited proposal from JetBlue amounts to a $3.6 billion price tag for the airline company. The announcement comes about two months after Frontier Group Holdings Inc
    ULCC+3.92%+ Free Alerts
    , the parent company of Frontier Airlines, announced a $6.6 billion merger agreement with Spirit. At the time, Spirit and Frontier told investors that the planned merger will result in a stronger financial profile for the combined company, and allow them to compete even more aggressively in the airline space. It’s unclear how the new purchase offer from JetBlue will impact the planned merger with Frontier Airlines. Although, CNBC's Jim Cramer quickly responded to the news, saying he doubts JetBlue's proposal will be approved by federal regulators.
  • Also Read: If You Invested $1,000 In American Airlines Stock At Its Pandemic Low, Here's How Much You'd Have NowThe battle between JetBlue and Frontier to capture Spirit comes amid an increasing number of mergers and acquisitions in the industry over the past 10 years. Currently, 70% of the U.S. airline market is controlled by four major airlines. The announcement caused a spike in the price of Spirit airlines stock on Tuesday, and trading was halted before the close. Price Actions: Shares of Spirit were up 22.37% and closed at $26.91, according to data from Benzinga Pro. Meanwhile, shares of JetBlue were down 7.08% to $13.64 and Frontier was up 3.92% to $11.92.

April 6, 2022

Sidus Space Stock Gains After Q4 Results, Clocks 95% Revenue Growth

  • Sidus Space Inc
    SIDU-7.08%+ Free Alerts
    reported a fourth-quarter revenue increase of ~95% year-over-year to $0.52 million.
  • FY21 revenue decreased by 22% Y/Y to $1.41 million, and EPS was $0.34 compared to $(0.15) in FY20.
  • Loss from operations increased to $(1.6) million for the quarter versus $363.4 thousand in 4Q20.
  • Net loss was $(2.43) million in Q4 compared to a net loss of $364.6 thousand during the same period in 2020.
  • The increase in loss was due to the expansion of staff and costs associated with the Company’s initial public offering in December of 2021.
  • Sidus Space’s cash position was $13.71 million at the end of the year.
  • “We hired key personnel, established strong partnerships, added customers, and began manufacturing our own satellites - readying for launch later this year. We are confident in our ability to deliver premier data and products to our customers and strong results to our investors. We believe the standards of excellence and the foundation we built in 2021 will result in significant customer and partnership growth in 2022,” commented Carol Craig, Founder, and CEO of Sidus Space.
  • Price Action: SIDU shares are trading higher by 2.54% at $3.23 during the post-market session on Tuesday.

April 6, 2022

Apple App Store Analysis: This Streaming App Passed Disney+ And Netflix Over The Weekend Thanks To Wrestlemania

ZINGER BRIEF
  • The Peacock TV app surged into the 13th spot on Saturday when WrestleMania 38 kicked off.
  • As of Tuesday, the Peacock TV app has fallen to 34th in the Apple app store.
  • World Wrestling Entertainment Inc
    WWE-0.81%+ Free Alerts
    held its first full-capacity two-night WrestleMania event in company history over the weekend. A related mobile application experienced increased download volume in the Apple Inc
    AAPL-1.89%+ Free Alerts
    app store during the event. What Happened: The Peacock TV app saw heavy usage during the wrestling event. WWE inked an exclusive streaming deal with Peacock TV parent Comcast Corp
    CMCSA-0.50%+ Free Alerts
    last year.
  • The Peacock TV app was ranked as high as 34th and as low as 64th in the app store during March, according to data from SimilarWeb. The streaming app surged into the 13th spot on Saturday when WrestleMania 38 kicked off, passing two streaming heavyweight competitors in the process.See Also: WWE President Nick Kahn Talks Growth Strategies Ahead Of WrestleMania 38 The Comcast-owned app moved past Walt Disney Co's
    DIS-2.11%+ Free Alerts
    Disney+ app, which is currently ranked 24th, and the Netflix Inc
    NFLX-2.90%+ Free Alerts
    app, which is sitting in the 16th spot. As of Tuesday, the Peacock TV app has fallen to 34th in the Apple app store, but it remains near the top of the range it bounced around last month. The Peacock TV app has an average user rating of 4.6 (out of 5), which is above Disney's 4.4 rating and Netflix's 3.8 rating. CMCSA Price Action: Comcast shares have traded between $44.27 and $61.80 over a 52-week period. The stock was up 0.03% at $47.87 at Tuesday's close, according to data from Benzinga Pro. Photo: Blake Patterson from Flickr.

April 6, 2022

$1000 Invested In Best Buy Co 10 Years Ago Would Be Worth This Much

Best Buy Co

BBY-1.93%+ Free Alerts
has outperformed the market over the past 10 years by 3.06% on an annualized basis producing an average annual return of 15.81%. Currently, Best Buy Co has a market capitalization of $20.84 billion. Buying $1000 In BBY: If an investor had bought $1000 of BBY stock 10 years ago, it would be worth $4,084.77 today based on a price of $92.52 for BBY at the time of writing.

Best Buy Co's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.

April 6, 2022

Here’s How Much $100 Invested In Activision Blizzard 20 Years Ago Would Be Worth Today

Activision Blizzard

ATVI-0.43%+ Free Alerts
has outperformed the market over the past 20 years by 9.35% on an annualized basis producing an average annual return of 16.59%. Currently, Activision Blizzard has a market capitalization of $62.64 billion. Buying $100 In ATVI: If an investor had bought $100 of ATVI stock 20 years ago, it would be worth $2,195.96 today based on a price of $80.38 for ATVI at the time of writing.

Activision Blizzard's Performance Over Last 20 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.

April 6, 2022

Here’s How Much You Would Have Made Owning Caesars Entertainment Stock In The Last 5 Years

Caesars Entertainment

CZR-4.37%+ Free Alerts
has outperformed the market over the past 5 years by 18.2% on an annualized basis producing an average annual return of 32.07%. Currently, Caesars Entertainment has a market capitalization of $16.52 billion. Buying $1000 In CZR: If an investor had bought $1000 of CZR stock 5 years ago, it would be worth $4,018.75 today based on a price of $77.16 for CZR at the time of writing.

Caesars Entertainment's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.

April 6, 2022

Here’s How Much You Would Have Made Owning Ameriprise Financial Stock In The Last 15 Years

Ameriprise Financial AMP +0.33% + Free Alerts has outperformed the market over the past 15 years by 3.45% on an annualized basis producing an average annual return of 11.35%. Currently, Ameriprise Financial has a market capitalization of $33.01 billion. Buying $100 In AMP: If an investor had bought $100 of AMP stock 15 years ago, it would be worth $499.30 today based on a price of $298.51 for AMP at the time of writing. Ameriprise Financial's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.

April 6, 2022

Here’s How Much You Would Have Made Owning First Solar Stock In The Last 5 Years

First Solar

FSLR-4.32%+ Free Alerts
has outperformed the market over the past 5 years by 9.62% on an annualized basis producing an average annual return of 23.49%. Currently, First Solar has a market capitalization of $8.54 billion. Buying $100 In FSLR: If an investor had bought $100 of FSLR stock 5 years ago, it would be worth $299.63 today based on a price of $80.33 for FSLR at the time of writing.

First Solar's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.

April 6, 2022

Here’s How Much You Would Have Made Owning Builders FirstSource Stock In The Last 10 Years

Builders FirstSource BLDR -3.79% + Free Alerts has outperformed the market over the past 10 years by 20.67% on an annualized basis producing an average annual return of 33.4%. Currently, Builders FirstSource has a market capitalization of $11.07 billion. Buying $100 In BLDR: If an investor had bought $100 of BLDR stock 10 years ago, it would be worth $1,648.42 today based on a price of $62.63 for BLDR at the time of writing. Builders FirstSource's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.

April 6, 2022

Here’s How Much You Would Have Made Owning MercadoLibre Stock In The Last 10 Years

MercadoLibre MELI -3.70% + Free Alerts has outperformed the market over the past 10 years by 16.55% on an annualized basis producing an average annual return of 29.28%. Currently, MercadoLibre has a market capitalization of $61.37 billion. Buying $1000 In MELI: If an investor had bought $1000 of MELI stock 10 years ago, it would be worth $12,604.16 today based on a price of $1217.11 for MELI at the time of writing. MercadoLibre's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.