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AgroFresh Solutions to Present at the 2022 ICR Conference
Source: GlobeNewswire Inc.?
AgroFresh Solutions, Inc. (Nasdaq: AGFS), a global leader in produce freshness solutions, announced today that Clinton Lewis, Chief Executive Officer, and Graham Miao, Chief Financial Officer, will present at the 2022 ICR Conference
The conference will be held virtually on January 10-12, 2022. The AgroFresh Solutions presentation is scheduled for Monday, January 10, 2022 at 8:30 am Eastern Time. The presentation and related materials will be available to all interested parties through a live audio webcast accessible in the investor relations section of AgroFresh’s website at www.agrofresh.com.
About AgroFresh
AgroFresh (Nasdaq: AGFS) is an AgTech innovator and global leader with a mission to prevent food loss/waste and conserve the planet’s resources by providing a range of science-based solutions, data-driven digital technologies and high-touch customer services. AgroFresh supports growers, packers and retailers with solutions across the food supply chain to enhance the quality and extend the shelf life of fresh produce. The AgroFresh organization has 40 years of post-harvest experience across a broad range of crops, including revolutionizing the apple industry with the SmartFresh™ Quality System for more than 20 years. This is powered by a comprehensive portfolio that includes plant-based coatings, equipment and proprietary solutions that help improve the freshness supply chain from harvest to the home. Visit agrofresh.com to learn more.
™Trademark of AgroFresh Inc.
Investor Contact:
For AgroFresh Solutions, Inc.
Jeff Sonnek - Investor Relations
ICR Inc.
Jeff.Sonnek@icrinc.com
646-277-1263
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Fast-paced Momentum Stock Cleveland-Cliffs (CLF) Is Still Trading at a Bargain
Zacks Equity Research
Fri, January 7, 2022, 8:50 AM·4 min read
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Cleveland-Cliffs (CLF) is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 10.9%, the stock of this mining company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CLF meets this criterion too, as the stock gained 8.1% over the past 12 weeks.
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Moreover, the momentum for CLF is fast paced, as the stock currently has a beta of 2.2. This indicates that the stock moves 120% higher than the market in either direction.
Given this price performance, it is no surprise that CLF has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CLF earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, CLF is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CLF is currently trading at 0.67 times its sales. In other words, investors need to pay only 67 cents for each dollar of sales.
So, CLF appears to have plenty of room to run, and that too at a fast pace.
Story continues
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Rumble Breaks Company's Record for Video Consumption & Dan Bongino Reaches 2,000,000 Subscribers
Source: PR Newswire (US)
TORONTO, Jan. 5, 2022 /PRNewswire/ -- Rumble is proud to announce that The Dan Bongino Show's Rumble channel has reached 2,000,000 subscribers—more than twice the number of subscribers to the show's YouTube channel. Bongino is the host of a nationally syndicated radio show and a Fox News television program. In addition, Rumble's users consumed more bandwidth yesterday than any other day in the company's history, marking a new high for video consumption.
"The explosive growth in followers on Rumble has no parallel," Bongino said. "We haven't seen anything like it on other content platforms. The subs, the views and the hours-watched on Rumble speak for themselves. Rumble IS the future."
"The rapid growth of Bongino's channel reflects broad public interest in the content he is producing," said Rumble CEO Chris Pavlovski. "His channel has grown much faster on Rumble than on YouTube as consumers flock to Rumble because they know we won't selectively censor creators."
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the internet to its roots by making it free and open once again. The company recently announced the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com
You can find the official Dan Bongino Show video channel here: https://rumble.com/Bongino
? View original content:https://www.prnewswire.com/news-releases/rumble-breaks-companys-record-for-video-consumption--dan-bongino-reaches-2-000-000-subscribers-301454890.html
SOURCE Rumble
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Copyright 2022 PR Newswire
Sorry. Wrong board.
Are insiders buying or selling shares of Alphabet?
During the last twelve months, insiders at the information services provider sold shares 86 times. They sold a total of 786,635 shares worth more than $1,061,622,181.14. The most recent insider tranaction occured on January, 3rd when Director Ann Mather sold 18 shares worth more than $52,011.18. Insiders at Alphabet own 13.0 % of the company.
Information on this page was last updated on 1/3/2022.
He knows this is going $100 plus.
Why did Cleveland-Cliffs, Nucor jump today? Chinese activity looking up
Jan. 05, 2022 6:11 PM ETCleveland-Cliffs Inc. (CLF), NUESTLD, X, RS, SLXBy: Carl Surran, SA News Editor25 Comments
Steel stocks including Cleveland-Cliffs (CLF +5.2%) and Nucor (NUE +4.8%) soared in today's trading following reports that China's central bank may ease monetary policy before the Lunar New Year holidays.
Among other steel names: STLD +3.8%, X +2.3%, RS +1.9%.
Also, China's manufacturing purchasing managers index continued to rise in December, with several steel market sources expecting manufacturing activity in the country to continue improving in H1 2022, S&P Global Platts reports.
New steps, combined with policies implemented last month including cuts in a benchmark lending rate and reserve requirements following several months of tightening, would lend support to both consumption and construction-related sectors.
ETF: SLX
But while U.S. hot-rolled coil prices hit a historic high in 2021 thanks to tight availability, industry analysts tell S&P Global Platts that new capacity coming online this year and later likely will drive prices further down from the peak.
Cleveland-Cliffs is leading the steelmaking industry in decarbonizing operations, which has made the company more competitive within the industry by protecting it from pricing risks and attracting new demand arising from needs for carbon-friendly steel, Livy Investment Research writes in a bullish analysis posted on Seeking Alpha.
Now Read: Cleveland-Cliffs: Why ESG Makes It More Attractive Than Ever
Insider buying today. Direct buys.
To the moon.
Garbage
Why Cleveland-Cliffs Is Jim Lebenthal's Top Stock For 2022
Adam Eckert, Contributor
January 04, 2022 8:03 pm | 1 min read
Cerity Partners' Jim Lebenthal named Cleveland-Cliffs Inc (NYSE:CLF) his top pick for 2022 on Tuesday.
"These guys are just going to be minting free cash flow all year long," Lebenthal said on CNBC's "Fast Money Halftime Report."
Raw material goods for steel manufacturing are low right now, while finished steel product prices are high and volume is growing, Lebenthal said.
Automobile demand is increasing, the flourishing housing market creates demand for home appliances and infrastructure spending is expected to continue, he added.
With gross margins up as a result of the aforementioned steel manufacturing conditions, Lebenthal expects Cleveland-Cliffs to generate an abundance of free cash flow.
See Also: What Are Whales Doing With Cleveland-Cliffs
Cleveland-Cliffs is "definitely my number one pick," he emphasized.
CLF Price Action: Cleveland-Cliffs has traded as low as $12.77 and as high as $26.51 over a 52-week period.
The stock was up 3.93% at $22.59 Tuesday afternoon at publication.
Famed Stock & Crypto YouTuber Matt Kohrs Makes Rumble & Locals his Preferred Platforms
Source: PR Newswire (US)
TORONTO, Jan. 5, 2022 /PRNewswire/ -- Rumble is proud to announce that Matt Kohrs has signed a deal to make Rumble and Locals his preferred platforms with exclusive content and exclusive audience engagement. Kohrs is known for providing commentary on finance, crypto and stocks and was at the forefront of the AMC and GameStop movements. According to Playboard, in 2021, Matt Kohrs was the 3rd largest creator by Super Chat revenue on YouTube in the USA.
As part of the deal, Kohrs will end his use of Patreon and instead exclusively use Locals for all subscriber-only content. In addition to the Locals move, Kohrs will bring his video-on-demand content exclusively to Rumble at least 1 hour prior to any other platform. In his livestreams, Kohrs will read paid comments only from users of Rumble Rants, ending his read outs from YouTube's Super Chats and Twitch tips and donations.
"Adding Matt Kohrs brings one of the most prominent and significant creators in the finance world to Rumble and Locals," said Rumble CEO Chris Pavlovski ahead of the announcement. "He is the future of financial commentary, and we are going all in by bringing him to the Rumble platform."
"I'm looking forward to bringing the future of financial media and entertainment to Rumble," Kohrs said.
Kohrs's show will run Monday to Friday on Rumble from 9am to 11am, 2pm to 2:30pm and 3pm to 4pm ET. He will talk about the latest news in finance, stocks and cryptocurrencies. Throughout the show, Kohrs will engage directly with his audience and answer their questions about the stock market, exclusively engaging with tippers on Rumble using Rumble Rants.
Rumble, started in 2013, is one of the most respected independent and privately-owned companies in the online video-sharing platform industry, with over 40M users in August 2021.
You can find the official Matt Kohrs video channel here: https://rumble.com/MattKohrs
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the internet to its roots by making it free and open once again. The company recently announced the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com
? View original
Rumble SPAC CFVI gains on social media mentions, deal with YouTuber Matt Kohrs
Jan. 05, 2022 10:58 AM ETCF Acquisition Corp. VI (CFVI)AMC, GME, GOOGL, DWAC, D, GOOGBy: Joshua Fineman, SA News Editor33 Comments
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Sagar Gore/iStock via Getty Images
SPAC CF Acquisition VI (NASDAQ:CFVI), which agreed last month to take YouTube competitor Rumble public, rose 8.2% after YouTuber Matt Kohrs signed a deal to make Rumble and Locals his preferred platforms.
Kohrs, known for providing commentary on finance, crypto and stocks including meme stocks AMC Entertainment (NYSE:AMC) and Gamestop (NYSE:GME), will bring his video-on-demand content exclusively to Rumble at least 1 hour prior to any other platform, according to a statement.
Rumble and SPAC CFVI have been gaining a lot of interest in the past month after the alternative YouTube platform announced a deal with former President Donald Trump's new social media company. In addition on Monday, after Sen. Rand Paul (R-KY) said he's quitting Google-owned YouTube (NASDAQ:GOOGL) and switching to Rumble.
Last month, Trump's social media company confirmed a partnership with Rumble. Trump Media & Technology Group, which is going public through a deal with SPAC Digital World Acquisition (NASDAQ:DWAC), said it entered into a wide-ranging technology and cloud services agreement with Rumble. As part of the partnership, Rumble will deliver video and streaming for TRUTH Social.
The Rumble SPAC deal with CFVI is expected to close in the second quarter of 2022. Rumble, which some describe as a conservative alternative to Google's YouTube, said last month it had 36M average monthly active users in Q3 2021.
Steelmakers Dive Into Junk Business to Feed New Mills
Nucor, Cleveland-Cliffs and other steelmakers acquire scrap collectors as new mills push up demand for recycled metal, tighten supplies
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Rising demand for steel has steel producers buying up scrap processors.
PHOTO: PAUL HENNESSY/ZUMA PRESS
By
Bob Tita
Updated Jan. 3, 2022 7:10 pm ET
U.S. steel producers are buying up scrap businesses, seeking a steady supply of raw material from junked cars, old pipes and manufacturing waste for new mills.
Nucor Corp., the largest producer of steel in the U.S., Cleveland-Cliffs Inc. and North Star BlueScope Steel spent more than $1 billion for steel scrap processors in 2021 as millions of tons of annual production capacity are being added to the domestic steel market in response to rising demand. Steel Dynamics Inc. in 2020 bought a Mexico-based scrap company to help...
Socialist media stricks again. This is getting like Cuba and China.
You may as well flush your money down the toilet with this company.
CLINTON A. LEWIS Jr. TO JOIN TARGAN's BOARD OF DIRECTORS
Source: PR Newswire (US)
MORRISVILLE, N.C., Dec. 16, 2021 /PRNewswire/ -- TARGAN Inc., a biotechnology systems company transforming animal protein production by bringing individualized care technologies to the poultry, swine, and aquaculture markets, announces the appointment of Mr. Clinton A. Lewis, Jr. to its board of directors.
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TARGAN, a biotechnology systems company announces the appointment of Mr. Clinton A. Lewis, Jr. to its Board of Directors
Clinton A. Lewis, Jr., has over 30 years of commercial, general management and senior leadership experience across the life sciences, pharmaceutical, veterinary and agribusiness sectors. Mr. Lewis currently serves as the Chief Executive Officer and member of the Board of Directors for AgroFresh (Nasdaq: AGFS) an agribusiness leader in the post-harvest fresh fruit and produce sector.
"We are honored and thrilled to have Mr. Lewis join our Board of Directors. We look forward to the great impact of his extensive strategic executive leadership as TARGAN continues to grow leading-edge technologies and systems to advance animal health and sustainability for animal protein production." said Ramin Karimpour, Founder and Chief Executive Officer of TARGAN. "Clint is a compassionate visionary with a great track record of success in development of successful strategies for global animal health initiatives and businesses."
Karimpour added that "Mr. Lewis' strategic vison and depth of knowledge will be critical in directing TARGAN's initiatives to create incremental value for the company, its customers, and investors."
Clint Lewis stated, "Automation across the production animal sector will continue to play a critical role in advancing animal health, food safety, address ongoing labor challenges and improve producers' efficiency and profitability." He further added "Having seen the technical capabilities of TARGAN and the top talent they have assembled, I am honored to join the Board and contribute to their ongoing journey."
Prior to his current role, Mr. Lewis served in a series of senior executive roles at Zoetis, the global leader in the animal health industry including Executive Vice President and Group President responsible for international operations, commercial development, global genetics and aquaculture from 2018 to 2019, President of International Operations from 2015 to 2018 and as President of U.S. Operations from 2013 to 2015.
Prior to the formation of Zoetis (IPO from Pfizer in 2013), Mr. Lewis served as President of U.S. Operations at Pfizer Animal Health, which he joined in 2007. Mr. Lewis first joined Pfizer in 1988 in the human health pharmaceutical segment and held positions of increasing responsibility in various commercial operations and general management roles.
Mr. Lewis currently serves on the Board of Directors of International Paper (NYSE: IP) and also serves on the Board of United Veterinary Care. Mr. Lewis formerly served as Chairman of the Board for the Animal Health Institute (AHI), an industry trade association in the U.S., and served as Treasurer for International Federation for Animal Health (IFAH), an industry trade association in Europe. Mr. Lewis has also served on the Dean's Advisory Board for both Cornell's College of Veterinary Medicine and Western University's College of Veterinary Medicine.
The National Agri-Marketing Association recognized Mr. Lewis as the top Agri-Business Leader in the U.S. in 2015. Mr. Lewis holds a B.S. in Biology from Fairfield University and an M.B.A. from Fairleigh Dickinson University.
Mr. Lewis is replacing longtime board member Mr. Stanley Appleton, former President of Merial Select, who recently stepped down to join TARGAN's Poultry Business and Technology Advisory Board.
"We owe a debt of gratitude to Mr. Appleton for his six years of service on our board," said Karimpour. "We're extremely pleased that Mr. Appleton will continue to share his expertise, experience and vision in his new advisory role as we enter into the commercialization phase of our journey in the poultry industry."
About TARGAN, Inc.
Based in Morrisville, NC, TARGAN is a Biotechnology Systems company poised to transform animal protein production industries worldwide by bringing affordable, individualized care technologies to the market. The industry trend towards antibiotic-free production has led to producers' demand for novel solutions to improve health standards and vaccination procedures, allowing for a similar level of productivity in the absence of antibiotics and other chemicals. TARGAN is bringing advanced technology solutions to the poultry, aquaculture and swine industries to address this demand. For more information, visit www.targan.com.
Media Contact:
Jason Fryar
pr@targan.com
984.292.0844
? View original content to download multimedia:https://www.prnewswire.com/news-releases/clinton-a-lewis-jr-to-join-targans-board-of-directors-301446759.html
SOURCE TARGAN Inc.
?
Copyright 2021 PR Newswire
It amazes me where this market is NOW, with this administration.
Give it time. Fix it, how too's, repairs, pranks, and cute puppies are comming. ;)
YouTube censors. Rumbles doesn't. Next Fox.
We recommended Cleveland-Cliffs ( CLF) on Oct8, and wrote that, "Traders who used the dip to the 200-day line to buy should hold those positionsTraders who did not buy could do so here risking a close below $18. The $42 area is our price target for late 2021/early 2022."
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 17, 2021
CLEVELAND-CLIFFS INC.
(Exact name of registrant as specified in its charter)
Ohio1-894434-1464672(State or Other Jurisdiction of Incorporation or Organization)(Commission File Number)(IRS Employer Identification No.)
200 Public Square,Suite 3300,Cleveland,Ohio44114-2315(Address of Principal Executive Offices)(Zip Code)
Registrant's telephone number, including area code: (216) 694-5700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
?Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)?Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)?Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))?Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registered:Common Shares, par value $0.125 per shareCLFNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging growth company
?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 1.01.Entry into a Material Definitive Agreement.
On December 17, 2021, Cleveland-Cliffs Inc., an Ohio corporation (the “Company”), entered into the Third Amendment to Asset-Based Revolving Credit Agreement (the “Third Amendment”), by and among the Company, the lenders party thereto and Bank of America N.A., as administrative agent (the “Agent”). The Third Amendment amends that certain Asset-Based Revolving Credit Agreement, dated as of March 13, 2020 (as previously amended, the “Credit Agreement”), by and among the Company, the lenders from time to time party thereto and the Agent. The Third Amendment, among other things, increases the amount of tranche A revolver commitments available thereunder by an additional $1,000 million and exchanges $150 million of tranche B revolver commitments available thereunder for tranche A revolver commitments. After giving effect to the Third Amendment, the aggregate principal amount of tranche A revolver commitments under the Credit Agreement is $4,500 million and the aggregate principal amount of tranche B revolver commitments under the Credit Agreement is $0.00. The increase is a result of a larger projected borrowing base driven by more favorable market conditions.
A copy of the Third Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The description above is a summary of the Third Amendment, does not purport to be complete, and is qualified in its entirety by the complete text of the Third Amendment.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The terms of the Third Amendment are summarized in Item 1.01 of this Current Report on Form 8-K and are incorporated by reference into this Item 2.03.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
NumberDescription
10.1
Third Amendment to Asset-Based Revolving Credit Agreement, dated as of December 17, 2021, by and among Cleveland-Cliffs Inc., the lenders party thereto and Bank of America, N.A., as the administrative agent.101Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.104The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CLEVELAND-CLIFFS INC.Date:December 22, 2021By:/s/ James D. GrahamName:James D. GrahamTitle:Executive Vice President, Chief Legal Officer & Secretary
3
Lineage Cell Therapeutics (LCTX) Received its Third Buy in a Row
Source: TipRanks
After H.C. Wainwright and Maxim Group gave Lineage Cell Therapeutics (NYSE MKT: LCTX) a Buy rating last month, the company received another Buy, this time from Noble Financial. Analyst Robert LeBoyer reiterated a Buy rating on Lineage Cell Therapeutics today and set a price target of $8.00. The company's shares closed last Monday at $2.57. According to TipRanks.com, LeBoyer is a 5-star analyst with an average return of 29.0% and a 36.5% success rate. LeBoyer covers the Healthcare sector, focusing on stocks such as Onconova Therapeutics, PDS Biotechnology, and Cocrystal Pharma.
https://www.tipranks.com/news/blurbs/lineage-cell-therapeutics-lctx-received-its-third-buy-in-a-row-2?utm_source=advfn.com&utm_medium=referral
CFVI Stock Pops on 2 Big ‘Trump Trade’ Stories. Here’s What to Know.
Trump trades are on the rise again as Rumble makes important announcements
Samuel O'Brient, InvestorPlace Financial News Writer
Markets may be losing momentum as the year winds down, but for some companies, things are still heating up. December sensation CF Acquisition Corp VI (NASDAQ:CFVI) is continuing to ride its momentum. Indeed, since the month began, CFVI stock has been driven upward by its ties to former President Donald Trump.
As can be expected, CFVI stock tends to move in sympathy with other “Trump trades,” like Digital World Acquisition Corp. (NASDAQ:DWAC), the blank-check company that became famous when it agreed to take Trump Media & Technology Group (TMTG) public. Today, there is not one but two important stories that are helping drive up both stocks.
What’s Happening With CFVI Stock
Both “Trump trades” are off to a good start today following a difficult week. As of this writing, CFVI stock is up more than 6% within the first hour of trading. Additionally, DWAC is up 1.21%. While it’s still early in the day, neither stock shows signs of slowing down. Last week both companies faced some turbulence following the news that the Securities and Exchange Commission (SEC) was conducting a probe into DWAC’s ties to Trump prior to the merger announcement. However, since then, both seem to have recovered, in no small part thanks to the stories of the day.
What are these stories? First, CFVI’s partner Rumble has agreed to stream Truth Social, the social media network around which TMTG was created. While many suspected that this development was inevitable, this morning brought its confirmation.
Yesterday brought the news that Rumble was furthering this mission of becoming the YouTube of the American right-wing by cutting ties with both Unruly Group and Tremor International (NASDAQ:TRMR), two companies that had been accused of censoring firebrand conservative personality Dan Bongino.
Why It Matters
When evaluating what these recent developments mean for the future of CFVI stock, as well as DWAC, it is important to take a macro look at both companies. Since Trump was kicked off of both Meta (NASDAQ:FB) and Twitter (NYSE:TWTR) in 2020 for inciting chaos and violence on Jan. 6, he has been seeking platforms that will help him broadcast his message to his followers. In Rumble, he has found exactly that. This makes the Canadian video-streaming service a key component of the empire he is trying to build, cementing its place among companies we will be hearing about throughout the coming year.
While we don’t know for sure what the future will look like for Trump, we do know that Truth Social is coming in some form. While the developing platform has missed product rollout deadlines, it appears to be on track to launch at some point in 2022, likely on the earlier side as Trump will be reliant on it to build the momentum he needs for his 2024 presidential campaign. When it does launch, it will mean a significant bump for both CFVI stock and DWAC.
What It Means
There’s still some uncertainty that we should also account for while dealing with the Trump trades. Indeed, it’s no secret that Trump is constantly embroiled in legal troubles, which could delay Truth Social’s launch. That said, none of the controversy we’ve seen so far has held either stock back significantly.
The way it looks from here, 2022 will be a year of gains for both stocks, though their sustainability is still up for debate. All we can do is watch and wait as the year takes shape. CFVI stock is certainly worth watching as the company continues making moves.
On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rumble SPAC nears session highs after adding live chat to app
Dec. 17, 2021 3:31 PM ETCF Acquisition Corp. VI (CFVI), DWACBy: Joshua Fineman, SA News Editor15 Comments
Dzmitry Dzemidovich/iStock via Getty Images
SPAC CF Acquisition II (NASDAQ:CFVI), which agreed earlier month to take YouTube competitor Rumble public, climbed 2.1% and neared sessions highs, after the company tweeted that its app includes live chat.
Rumble's iOS app now includes live chat in the latest App store, release, "far ahead" of schedule, Rumble tweeted.
CFVI gained earlier this week after Trump's social media company, which is also going public through SPAC Digital World Acquisition (NASDAQ:DWAC), confirmed a partnership with Rumble.
Trump Media & Technology Group said it entered into a wide-ranging technology and cloud services agreement with Rumble. As part of the partnership, Rumble will deliver video and streaming for TRUTH Social.
The Rumble SPAC deal is expected to close in the second quarter of 2022.
Not CLF.
U.S. Steel Issues Guidance Below Expectations. The Stock Falls.
By
Sabrina Escobar
Updated Dec. 17, 2021 2:14 pm ET / Original Dec. 17, 2021 7:48 am ET
Shares of United States Steel dropped Friday after the steel producer issued fourth-quarter Ebitda guidance below Wall Street expectations.
U.S. Steel (ticker: X) said it expects to wrap up the final quarter of fiscal 2021 with adjusted Ebitda of approximately $1.65 billion. Analysts were expecting Ebitda of $1.99 billion for the quarter, according to FactSet.
Something coming soon.
Just look at Elio's interviews, the guy is a snake.
J.P. Morgan Stick to Their Buy Rating for Cleveland-Cliffs Inc
Investing.com | Dec 12, 2021 07:09AM ET
J.P. Morgan analyst Michael Glick maintained a Buy rating on Cleveland-Cliffs (NYSE:CLF) Inc on Friday, setting a price target of $31, which is approximately 53.01% above the present share price of $20.26.
Glick expects Cleveland-Cliffs Inc to post earnings per share (EPS) of $2.46 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Cleveland-Cliffs, with an average price target of $29.26.
The analysts price targets range from a high of $37 to a low of $23.5.
Insiders are Pounding the Table for Cleveland Cliffs
Source: TipRanks
Cleveland Cliffs (CLF) has been a winner in 2021, returning 44% YTD and posting a gain of almost 70% over the past year. Shares of the vertically-integrated steelmaker have cooled off with the general market and are down 7% over the past month, as well as 23.6% from their 52-week high. The recent pullback seems to be a result of investor concern about the omicron variant slowing down demand for steel. Additionally, the semiconductor shortage has slowed down production in Cleveland Cliff’s largest end market, autos.
https://www.tipranks.com/news/article/insiders-are-pounding-the-table-for-cleveland-cliffs?utm_source=advfn.com&utm_medium=referral
What is CLF’s price target for the next 12 months?
With a median target price of $30.00, the current consensus forecast for the stock is $23.50 – $38.00. Based on these forecasts, analysts predict Cleveland-Cliffs Inc. (CLF) will achieve an average price target of $30.73.
https://fostersleader.com/2021/12/09/a-look-at-insider-reactions-to-cleveland-cliffs-inc-clf/
WOW
Aptose Biosciences (APTO) Receives a Buy from JonesTrading
Source: TipRanks
In a report issued on November 4, Soumit Roy from JonesTrading reiterated a Buy rating on Aptose Biosciences (APTO – Research Report), with a price target of $14.00. The company's shares closed last Friday at $2.00, close to its 52-week low of $1.97. According to TipRanks.com, Roy is a 5-star analyst with an average return of 20.9% and a 35.1% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Adaptimmune Therapeutics, and Actinium Pharmaceuticals. Currently, the analyst consensus on Aptose Biosciences is a Moderate Buy with an average price target of $12.46, representing a 493.3% upside. In a report issued on October 29, H.C.
https://www.tipranks.com/news/blurbs/aptose-biosciences-apto-receives-a-buy-from-jonestrading?utm_source=advfn.com&utm_medium=referral