Throughout this year, people had been investing like crazy into energy stocks—but come summertime, people started to pull back due to rumors that there was an impending recession on the horizon. However, it seems as though some of those recession worries have started to fade, and people are now wondering again if they should invest in the market.

Here’s what energy analyst Stewert Glickman had to say on the matter: “We still think we are in the early stages of a longer-term period where crude oil and natural gas prices remain fairly high by historical standards. In practical terms, this means crude oil likely in a range of $80/b – $100/b (WTI) (CL=F), and at those price points, many energy firms should have strong earnings power and throw off a lot of free cash flow.”

In other words, it’s still not a bad bet at all to invest in energy—but it’s also not necessarily a sure thing.

The post Experts Discuss If You Should Buy Energy Stocks appeared first on theprimarymarket.com.

This decision was enacted in the form of a filing that was dated for August 17—so even though the plan is in motion, the official transaction hasn’t actually come to pass yet. However, the motion itself has made a major wave throughout the finance world nevertheless.

RC Ventures, a company owned by Cohen, currently holds a large 11.8% stake in Bed Bath & Beyond, but clearly, he felt like this percentage was way too high. He’s not even interested in holding on to a smidgen of the stake in the struggling retailer, which illustrates pretty strongly how little faith he has in the company.

Strangely enough, Bed Bath & Beyond stock had actually gone up an impressive 350% in August, so it’s not as though they’re completely losing their way. However, Cohen and his associates clearly weren’t to be swayed by this recent surge, and confidently feel as though ties need to be severed. In any case, financial analysts will have their eyes fixated on how Bed Bath & Beyond bounces back from this.

The post GameStop Chairman Sells Bed Bath & Beyond Stake appeared first on theprimarymarket.com.

Over the last couple years, Zoom emerged as a major player in the social video streaming industry. With the COVID-19 pandemic causing companies to work remotely, Zoom’s product was used exponentially more. It became a staple of work culture, and company growth was through the charts.

However, it seems as though things have changed slightly as of late—at least according to Citi.

Citi research analyst Tyler Radke had this to say about Zoom’s perceived decline: “Zoom’s post-COVID growth trajectory has always been more challenging, given pull-forward dynamics, but we see new hurdles to sustaining growth including rising competition (Microsoft/Teams), macro-related weakness hitting small businesses and less critical spending categories and margin risk.”

As Radke notes, things aren’t the same for Zoom prospects now that many companies have either gone back to working at the office fully or implemented a hybrid model.

As a result, Radke cut his rating for Zoom’s stock from Neutral to Sell, calling the stock a “high risk”.

To make matters worse for the video streaming company, its shares dropped by more than 3% in pre-market trading. While this isn’t the end of the world, it’s still something to look out for if you have money invested in the company.

The post Citi Cuts Zoom Stock, Unimpressed With Recent Results appeared first on theprimarymarket.com.

The Omicron variant took hold of the fears of people all around the world when it emerged. While it didn’t spark the same level of panic that the coronavirus itself lent, it nevertheless took on its own version of that. And just like there was a large request for a vaccine the first time around, so too was the case for Omicron.

Moderna, the company responsible for making one of the more popular and supposedly effective COVID-19 vaccines, has worked tirelessly to try and roll out the Omicron variant. After lab reports showed that it had brought about a “strong immune response” in test subjects, the UK was the first country to jump on board.

“The first generation of COVID-19 vaccines being used in the UK continue to provide important protection against the disease and save lives,” June Raine, the Chief Executive of MHRA, said in a statement.

Raine continued: “What this bivalent vaccine gives us is a sharpened tool in our armoury to help protect us against this disease as the virus continues to evolve.”

The post UK First to Approve Moderna Omicron Vaccine appeared first on theprimarymarket.com.

Indeed, amid disappointing recent results, it’s surprising to see such optimism in lieu of what many are predicted will be a “Crypto Winter.”

This is even more shocking when you consider the fact that Coinbase posted a $1.1 billion net loss—yes, you read that correctly. Things aren’t looking great for them, but finance experts seem to think that these bumps on the road are merely on the surface.

According to many of these experts, the reason Coinbase will survive this “Crypto Winter” is because the company holds a solid wellspring of cash reserve.

According to MoffettNathanson partner Lisa Ellis, Coinbase holds $500 million in Circle’s stablecoin, in addition to its already reported $5.68 billion in cash.

In other words, the company has a lot of financial security for the near future, giving them room to stumble here and there. The question is, how much of a beating will they need to endure before finding themselves profiting again? That much is unclear right now, but investors can at least take solace in the fact that analysts aren’t worried.

The post Coinbase Cash Reserves Should Help Them Survive Winter appeared first on theprimarymarket.com.

For the second straight month, the average rent for a place in Manhattan is over $5,000, when merely a year ago it was $1,000 less.

Even $1,000 less is double the amount that most people pay for rent throughout the rest of the country, illustrating just how expensive it’s become to live in New York City.

“Elevated rents may be here for a while, at least until the Federal Reserve stops pushing interest rates higher, tipping would-be buyers into the rental market,” said Miller Samuels Inc CEO Jonathan Miller. “Their efforts to damage the economy to slow inflation have shifted the housing market frenzy from sales to rentals.”

Even just to rent a meek studio apartment in Manhattan would cost you $3,191 per month, while a one-bedroom would go for $4,277, and a two-bedroom goes all the way up to $5,810.

So if you’re looking to move into Manhattan, be sure you have the means to do so. It looks as though prices there are only getting worse, and it’s clear when it will slow down.

The post Average NYC Rent Per Month Surpasses $5,000 Again appeared first on theprimarymarket.com.

Meanwhile, it’s been nearly three months and this has yet to take place.

Now, there are been all kinds of telltale signs that point to exactly the thing that Musk was talking about. Erosion of wage gains due to a harsh stock market and supremely high inflation has certainly taken a toll on folks, and everyone’s noticing.

And yet, these bankruptcies that Musk predicted have yet to emerge, at least to the extent that Musk was indicating.

This is a testament to just how fickle and complex the world’s economy is. There are definitely issues at play and people are more than right to keep their minds alert in this time. But at the same time, people are still finding ways to thrive without lamenting the end of the world.

There are always many levels to any major industry, and the finance world is no different. Musk’s warning may yet come to pass, but if it does it may still take a while.

Meanwhile, analysts can take solace in the fact that there have only been a mere 212 bankruptcy filings from the start of 2022 until July 31st—a startlingly low number when you consider the country’s population as well as all of these recession predictions.

The post Elon Musk’s Warning Yet to Come to Fruition appeared first on theprimarymarket.com.

However, one analyst believes that this narrative actually couldn’t be further from the truth. According to JMP Securities director of financial technology Devin Ryan, people aren’t seeing Robinhood for the major player that it is.

“People were pushing back that this company can’t be profitable,” he said. “And what we talked about, following earnings and some time with management, is I think they’re actually already profitable in real-time right now.”

Ryan’s testament suggests that people are missing the forest for the trees when it comes to the welfare of Robinhood. But why is it that people aren’t seeing it like him? Perhaps it’s because the company reported an unfortunate $295 million net loss in quarter two.

On the surface, when taking into account these cold, hard numbers, it makes sense that others would be skeptical. And yet, Ryan’s claims urge us all to see the big picture—and encourage us to wonder if there’s actually a brightly shining diamond amidst the confusion surrounding Robinhood’s growth.

The post Robinhood App Already Showing Real-Time Profits appeared first on theprimarymarket.com.

How often do we binge TV series at home, only to joke over how obsolete the theaters must be right now?

This idea was expanded upon when literally no one was even allowed to go to the movies during the raging COVID-19 pandemic. Theaters truly were a ghost town during that period. But now that things have opened up again—it seems as though theaters aren’t looking so bad.

People have been giddy to leave their homes. People have been dying for a sense of nostalgia. They’ve longed for the magic that one can only feel from enjoying a wonderful movie at the theater with popcorn and the whole nine yards.

As a result, AMC has enjoyed soaring profits as of late, helped by their willingness to rebrand, innovate, and keep their equipment state-of-the-art.

Meanwhile, Netflix and Roku are both coming off poor second quarters, indicating that not everything is fine and dandy in their corner.

Logically, the easy take to endorse is the whole “out with the old, in with the new” mentality. But if theaters such as AMC continue to up their game, the human race won’t be giving up on classic family entertainment in a hurry.

The post AMC May Be in Better Shape Than We Think appeared first on theprimarymarket.com.

Perhaps the biggest thing to take note of is the fact that although he could spend roughly endless amounts of cash, he’s famous for adopting a budget mindset and promoting the same to his fans.

Indeed, he told college students in a speech that “the biggest mistake is not learning the habit of saving properly.” He places a strong emphasis on the idea of habit and how hard it can be to break out of a bad one once you’re in a routine.

“Most behavior is habitual,” said the 91-year-old businessman. He also added another small dose of wisdom, saying that “they say that the chains of habit are too light to be felt until they are too heavy to be broken.”

Buffett’s words ring true on so many levels. Habits have a tendency of creeping up on us without us even realizing them. In that sense, they seem very light and benign at first. However, it’s only when we start to realize how they’ve affected us, for better or worse, that we realize how hard they are to shake.

The trick, according to Buffett, is to train ourselves to have productive habits instead of bad ones.

The post Warren Buffett Advises Not to Make This Money Mistake appeared first on theprimarymarket.com.

Throughout this year, people had been investing like crazy into energy stocks—but come summertime, people started to pull back due to rumors that there was an impending recession on the horizon. However, it seems as though some of those recession worries have started to fade, and people are now wondering again if they should invest in the market.

Here’s what energy analyst Stewert Glickman had to say on the matter: “We still think we are in the early stages of a longer-term period where crude oil and natural gas prices remain fairly high by historical standards. In practical terms, this means crude oil likely in a range of $80/b – $100/b (WTI) (CL=F), and at those price points, many energy firms should have strong earnings power and throw off a lot of free cash flow.”

In other words, it’s still not a bad bet at all to invest in energy—but it’s also not necessarily a sure thing.

The post Experts Discuss If You Should Buy Energy Stocks appeared first on theprimarymarket.com.

This decision was enacted in the form of a filing that was dated for August 17—so even though the plan is in motion, the official transaction hasn’t actually come to pass yet. However, the motion itself has made a major wave throughout the finance world nevertheless.

RC Ventures, a company owned by Cohen, currently holds a large 11.8% stake in Bed Bath & Beyond, but clearly, he felt like this percentage was way too high. He’s not even interested in holding on to a smidgen of the stake in the struggling retailer, which illustrates pretty strongly how little faith he has in the company.

Strangely enough, Bed Bath & Beyond stock had actually gone up an impressive 350% in August, so it’s not as though they’re completely losing their way. However, Cohen and his associates clearly weren’t to be swayed by this recent surge, and confidently feel as though ties need to be severed. In any case, financial analysts will have their eyes fixated on how Bed Bath & Beyond bounces back from this.

The post GameStop Chairman Sells Bed Bath & Beyond Stake appeared first on theprimarymarket.com.

Over the last couple years, Zoom emerged as a major player in the social video streaming industry. With the COVID-19 pandemic causing companies to work remotely, Zoom’s product was used exponentially more. It became a staple of work culture, and company growth was through the charts.

However, it seems as though things have changed slightly as of late—at least according to Citi.

Citi research analyst Tyler Radke had this to say about Zoom’s perceived decline: “Zoom’s post-COVID growth trajectory has always been more challenging, given pull-forward dynamics, but we see new hurdles to sustaining growth including rising competition (Microsoft/Teams), macro-related weakness hitting small businesses and less critical spending categories and margin risk.”

As Radke notes, things aren’t the same for Zoom prospects now that many companies have either gone back to working at the office fully or implemented a hybrid model.

As a result, Radke cut his rating for Zoom’s stock from Neutral to Sell, calling the stock a “high risk”.

To make matters worse for the video streaming company, its shares dropped by more than 3% in pre-market trading. While this isn’t the end of the world, it’s still something to look out for if you have money invested in the company.

The post Citi Cuts Zoom Stock, Unimpressed With Recent Results appeared first on theprimarymarket.com.

The Omicron variant took hold of the fears of people all around the world when it emerged. While it didn’t spark the same level of panic that the coronavirus itself lent, it nevertheless took on its own version of that. And just like there was a large request for a vaccine the first time around, so too was the case for Omicron.

Moderna, the company responsible for making one of the more popular and supposedly effective COVID-19 vaccines, has worked tirelessly to try and roll out the Omicron variant. After lab reports showed that it had brought about a “strong immune response” in test subjects, the UK was the first country to jump on board.

“The first generation of COVID-19 vaccines being used in the UK continue to provide important protection against the disease and save lives,” June Raine, the Chief Executive of MHRA, said in a statement.

Raine continued: “What this bivalent vaccine gives us is a sharpened tool in our armoury to help protect us against this disease as the virus continues to evolve.”

The post UK First to Approve Moderna Omicron Vaccine appeared first on theprimarymarket.com.

Indeed, amid disappointing recent results, it’s surprising to see such optimism in lieu of what many are predicted will be a “Crypto Winter.”

This is even more shocking when you consider the fact that Coinbase posted a $1.1 billion net loss—yes, you read that correctly. Things aren’t looking great for them, but finance experts seem to think that these bumps on the road are merely on the surface.

According to many of these experts, the reason Coinbase will survive this “Crypto Winter” is because the company holds a solid wellspring of cash reserve.

According to MoffettNathanson partner Lisa Ellis, Coinbase holds $500 million in Circle’s stablecoin, in addition to its already reported $5.68 billion in cash.

In other words, the company has a lot of financial security for the near future, giving them room to stumble here and there. The question is, how much of a beating will they need to endure before finding themselves profiting again? That much is unclear right now, but investors can at least take solace in the fact that analysts aren’t worried.

The post Coinbase Cash Reserves Should Help Them Survive Winter appeared first on theprimarymarket.com.

For the second straight month, the average rent for a place in Manhattan is over $5,000, when merely a year ago it was $1,000 less.

Even $1,000 less is double the amount that most people pay for rent throughout the rest of the country, illustrating just how expensive it’s become to live in New York City.

“Elevated rents may be here for a while, at least until the Federal Reserve stops pushing interest rates higher, tipping would-be buyers into the rental market,” said Miller Samuels Inc CEO Jonathan Miller. “Their efforts to damage the economy to slow inflation have shifted the housing market frenzy from sales to rentals.”

Even just to rent a meek studio apartment in Manhattan would cost you $3,191 per month, while a one-bedroom would go for $4,277, and a two-bedroom goes all the way up to $5,810.

So if you’re looking to move into Manhattan, be sure you have the means to do so. It looks as though prices there are only getting worse, and it’s clear when it will slow down.

The post Average NYC Rent Per Month Surpasses $5,000 Again appeared first on theprimarymarket.com.

Meanwhile, it’s been nearly three months and this has yet to take place.

Now, there are been all kinds of telltale signs that point to exactly the thing that Musk was talking about. Erosion of wage gains due to a harsh stock market and supremely high inflation has certainly taken a toll on folks, and everyone’s noticing.

And yet, these bankruptcies that Musk predicted have yet to emerge, at least to the extent that Musk was indicating.

This is a testament to just how fickle and complex the world’s economy is. There are definitely issues at play and people are more than right to keep their minds alert in this time. But at the same time, people are still finding ways to thrive without lamenting the end of the world.

There are always many levels to any major industry, and the finance world is no different. Musk’s warning may yet come to pass, but if it does it may still take a while.

Meanwhile, analysts can take solace in the fact that there have only been a mere 212 bankruptcy filings from the start of 2022 until July 31st—a startlingly low number when you consider the country’s population as well as all of these recession predictions.

The post Elon Musk’s Warning Yet to Come to Fruition appeared first on theprimarymarket.com.

However, one analyst believes that this narrative actually couldn’t be further from the truth. According to JMP Securities director of financial technology Devin Ryan, people aren’t seeing Robinhood for the major player that it is.

“People were pushing back that this company can’t be profitable,” he said. “And what we talked about, following earnings and some time with management, is I think they’re actually already profitable in real-time right now.”

Ryan’s testament suggests that people are missing the forest for the trees when it comes to the welfare of Robinhood. But why is it that people aren’t seeing it like him? Perhaps it’s because the company reported an unfortunate $295 million net loss in quarter two.

On the surface, when taking into account these cold, hard numbers, it makes sense that others would be skeptical. And yet, Ryan’s claims urge us all to see the big picture—and encourage us to wonder if there’s actually a brightly shining diamond amidst the confusion surrounding Robinhood’s growth.

The post Robinhood App Already Showing Real-Time Profits appeared first on theprimarymarket.com.

How often do we binge TV series at home, only to joke over how obsolete the theaters must be right now?

This idea was expanded upon when literally no one was even allowed to go to the movies during the raging COVID-19 pandemic. Theaters truly were a ghost town during that period. But now that things have opened up again—it seems as though theaters aren’t looking so bad.

People have been giddy to leave their homes. People have been dying for a sense of nostalgia. They’ve longed for the magic that one can only feel from enjoying a wonderful movie at the theater with popcorn and the whole nine yards.

As a result, AMC has enjoyed soaring profits as of late, helped by their willingness to rebrand, innovate, and keep their equipment state-of-the-art.

Meanwhile, Netflix and Roku are both coming off poor second quarters, indicating that not everything is fine and dandy in their corner.

Logically, the easy take to endorse is the whole “out with the old, in with the new” mentality. But if theaters such as AMC continue to up their game, the human race won’t be giving up on classic family entertainment in a hurry.

The post AMC May Be in Better Shape Than We Think appeared first on theprimarymarket.com.

Perhaps the biggest thing to take note of is the fact that although he could spend roughly endless amounts of cash, he’s famous for adopting a budget mindset and promoting the same to his fans.

Indeed, he told college students in a speech that “the biggest mistake is not learning the habit of saving properly.” He places a strong emphasis on the idea of habit and how hard it can be to break out of a bad one once you’re in a routine.

“Most behavior is habitual,” said the 91-year-old businessman. He also added another small dose of wisdom, saying that “they say that the chains of habit are too light to be felt until they are too heavy to be broken.”

Buffett’s words ring true on so many levels. Habits have a tendency of creeping up on us without us even realizing them. In that sense, they seem very light and benign at first. However, it’s only when we start to realize how they’ve affected us, for better or worse, that we realize how hard they are to shake.

The trick, according to Buffett, is to train ourselves to have productive habits instead of bad ones.

The post Warren Buffett Advises Not to Make This Money Mistake appeared first on theprimarymarket.com.