While Wall Street, New York City and much of the northeastern U.S. are under a blizzard warning, one might say that the software industry is currently navigating a “SaaS-pocalypse.” A massive valuation reset wiped out nearly $1 trillion in market value, sending several industry giants to 52-week lows.CRM stock is falling. See the chart and price action here. The AI Blizzard: 52-Week Lows & PerformanceAs of late February, the following key SaaS stocks have seen significant volatility or reached yearly lows, ...

KKR & Co. (NYSE:KKR) is poised to acquire a controlling stake in XCL Education Holdings under a transaction that assigns the Singapore-headquartered firm an enterprise value of approximately $1.3 billion, Bloomberg reported.The stake is being sold by TPG Inc. (NASDAQ:TPG) , with KKR prevailing over other bidders in a competitive process, according to the Bloomberg report, which cited people familiar with the deal it didn’t identify. Financial terms beyond the overall valuation — including the exact size of ...

Shopify Inc. (NASDAQ:SHOP) stock plunged on Monday amid broader market weakness, with the Nasdaq Composite down 1.38% and the technology sector off 1.64%.On Feb. 11, Shopify reported fiscal fourth-quarter revenue of $3.67 billion, up 30.6% year over year and ahead of the $3.59 billion consensus estimate.However, adjusted earnings came in at 48 cents per share, missing Wall Street expectations of 51 cents per share.Technical AnalysisShopify is currently positioned 5.7% below its 20-day SMA and a substantial ...

Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil (NYSE:XOM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 34 extraordinary options activities for Exxon Mob ...

In the current session, Hims & Hers Health Inc. (NYSE:HIMS) is trading at $15.60, after a 0.22% drop. Over the past month, the stock fell by 47.46%, and in the past year, by 60.88%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. A Look at Hims & Hers Health P/E Relative to Its CompetitorsThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, ...

Wall Street sentiment toward General Mills Inc. (NYSE:GIS) is becoming cautious. A leading analyst has downgraded the stock, reduced his price target and extended the expected recovery timeline. Several others share this outlook. • What are GIS shares doing today?Below is an overview of the factors behind this shift and its implications for investors.BofA Downgrade DetailsBofA Securities analyst Peter T. Galbo downgraded General Mills to Neutral from Buy and lowered his price forecast to $48 from $55, cit ...

Every market cycle creates a new group of instant experts who promise you the next hot trade, the next AI moonshot, or the one stock that will make you rich by Friday afternoon.Meanwhile, some of the smartest investors in the world keep doing the same quiet, disciplined work they have always done.Li Lu is one of those investors. He does not chase headlines, he does not run around predicting the economy, and he does not build portfolios stuffed with hundreds of positions just to look busy.Instead, he owns a ...

ImmunityBio Inc. (NASDAQ:IBRX) shares are up on Monday following the company’s announcement of significant revenue growth. • ImmunityBio stock is challenging resistance. Why are IBRX shares at highs?The stock has jumped around 55% over the last month, thanks to investor interest after preliminary earnings and several strategic partnerships.The company’s lead drug, Anktiva, is approved in the U.S. and several international markets for BCG-unresponsive NMIBC with carcinoma in situ.700% Sales JumpImmunityBio r ...

The Department of Homeland Security reversed course on plans to suspend TSA PreCheck after swift industry blowback, but Global Entry remains down, leading to longer immigration lines, potential missed connections and more headaches for airlines.DHS Secretary Kristi Noem had announced both programs would be suspended, citing the need to “preserve limited funds and personnel” after the agency’s funding lapsed Feb. 14.“TSA PreCheck remains operational with no change for the traveling public,” the TSA said in a ...

Wedbush Securities analyst Dan Ives is turning a market scare into a buying argument, saying Anthropic‘s move into cybersecurity with its Claude Code Security tool ultimately validates the investment case for established security vendors rather than threatening it.Ives Sees Validation, Not DisruptionWriting on X on Monday, Ives stated, “Anthropic with Claude Security going after the cyber security market with a code tool validates our thesis that cyber security is the next frontier for the AI Revolution. Ba ...