Solana (CRYPTO: SOL), often described as an Ethereum (CRYPTO: ETH) killer, continues to rally despite major cryptocurrencies taking a beating on Tuesday.
What Happened: The token of the project focused on decentralized apps, decentralized finance, and scalability traded 3.48% higher at $178.57 even as the global cryptocurrency market cap fell 10.92% to $2.1 trillion.
See Also: How To Buy Solana (SOL)
Against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), SOL rose 15.12% and 15.33% respectively over 24 hours.
In the last seven days, SOL has risen 61.3%, while the gain over a 30-day period was 382.71%
SOL has soared an eye-popping 9,280.70% so far this year putting it behind just Telcoin (CRYPTO: TEL) and Axie Infinity (CRYPTO: AXS) in terms of year-to-date gains and significantly ahead of Dogecoin (CRYPTO: DOGE).
Why It Matters: Solana saw relatively high interest on Twitter at press time just behind BTC, ETH, and Elrond (CRYPTO: EGLD). 'Crypto Twitter' has been in awe of Solana’s meteoric rise in recent days.
See Also: Solana Flips Dogecoin To Become World's 7th Largest Crypto: What's Going On?
Investor Lark Davis noted on the social media platform that SOL was an ETH competitor “gunning for market share” with “dirt cheap fees.”
Best Cheap Stocks For 2022: Express-1 Expedited Solutions Inc.(XPO)
XPO Logistics, Inc. provides third-party logistics services using a network of relationships with ground, sea, and air carriers in the United States, Mexico, and Canada. It operates in three segments: Express-1, Concert Group Logistics, and Bounce Logistics. The Express-1 segment offers ground expedited surface transportation services for freight. It operates a fleet ranging from cargo vans to semi tractor trailer units. The Concert Group Logistics segment provides domestic and international freight forwarding services through a network of independently owned stations. Its domestic freight forwarding services include air charter, expedites, and time sensitive services, as well as cost sensitive services comprising deferred delivery, less than truckload, and full truck load services; and international freight forwarding services consist of on-board courier and air charters, time sensitive services, less-than-container and full-container-loads, and vessel charters. This segm ent also offers documentation on international shipments, customs clearance and banking, trade show shipment management, time definite and customized product distributions, reverse logistics and on site asset recovery projects, installation coordination, freight optimization, and diversity compliance support services. The Bounce Logistics segment provides premium freight brokerage services for truckload shipments. The company serves approximately 4,000 retail, commercial, manufacturing, and industrial customers through 6 U.S. operations centers and 22 agent locations. It offers its services to the automotive manufacturing, automotive components and supplies, commercial printing, durable goods manufacturing, pharmaceuticals, food and consumer products, and high tech sectors. The company was formerly known as Express-1 Expedited Solutions, Inc. and changed its name to XPO Logistics, Inc. in September 2011. XPO Logistics, Inc. was founded in 1989 and is based in Buchanan, Michi gan.
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Breakups are a great way for companies to unlock a lot of value, Cramer reminded viewers. That's certainly been the case with XPO Logistics (XPO) – Get Report, which recently spun off GXO Logistics (GXO) – Get Report, and with the former L Brands, which split itself into Victoria's Secret (VSCO) – Get Report and Bath & Body Works (BBWI) – Get Report.
- [By Jeremy Bowman (TMFHobo)]
There’s a lot going on with XPO Logistics (NYSE:XPO) these days.
The transportation company just spun off its contract logistics division, GXO Logistics (NYSE:GXO), making it easier for investors to value the stock compared with less-than-truckload peers like Old Dominion and Saia. XPO also just posted record results in its second-quarter earnings report, showing the company is benefiting from the economic reopening.
Best Cheap Stocks For 2022: Sirius XM Radio Inc.(SIRI)
Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. It broadcasts a programming lineup of approximately 135 channels of commercial-free music, sports, news and information, talk and entertainment, traffic, and weather on subscription fee basis through two satellite radio systems in the United States; and holds an interest in the satellite radio services offered in Canada. The company also simulcasts music and selected non-music channels over the Internet; and offers applications to allow consumers to access its Internet services on mobile devices. As of December 31, 2010, it had 20,190,964 subscribers. In addition, the company designs, establishes specifications, sources or specifies parts and components, and manages various aspects of the logistics and production of satellite radios; licenses its technology to various electronics manufacturers to develop, manufacture, and distribute radios under various brands; and imports radios distri buted through its Websites. The company?s satellite radios are primarily distributed through automakers, retailers, and its Websites. Further, it provides music services for commercial establishments; a satellite television service to offer music channels as part of certain programming packages on the DISH Network satellite television service; music and comedy channels to mobile phone users through mobile phone carriers; Backseat TV, a service offering television content designed primarily for children in the backseat of vehicles; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings; and real-time traffic and weather services. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
- [By Sean Williams]
Another no-brainer acquisition that would make sense for Buffett and Berkshire Hathaway is satellite radio operator Sirius XM Holdings (NASDAQ:SIRI). It’s worth pointing out that Berkshire Hathaway already owns 137.92 million shares of Sirius XM, or about 2.9% of all outstanding shares.
- [By Joe Tenebruso]
Sirius XM Holdings (NASDAQ:SIRI) and Netflix (NASDAQ:NFLX) dominate their respective corners of the entertainment industry. As they’ve risen to power over the last decade, they’ve earned fortunes for investors along the way.
- [By Rick Munarriz]
A lot can happen to a stock in just a couple of weeks. There were 275.5 million shares ofSirius XM Holdings (NASDAQ:SIRI)sold short at the end of January, the largest number of bearish bets placed on the satellite radio provider in more than a year. Two weeks later, short interest fell to 174.7 million shares, a fresh 52-week low in pessimism.
Best Cheap Stocks For 2022: S&P GSCI(GD)
General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. Its Aerospace group designs, manufactures, and outfits various large and mid-cabin business-jet aircraft; provides maintenance, repair work, fixed-based operations, and aircraft management services; and performs aircraft completions for aircraft. The company?s Combat Systems group offers tracked and wheeled military vehicles, weapons systems, and munitions. Its product lines include wheeled combat and tactical vehicles; battle tanks and infantry vehicles; munitions and propellant; rockets and gun systems; and axle and drivetrain components and aftermarket parts. This group also manufactures and supplies engineered axles, suspensions, and brakes for heavy-load vehicles for military and commercial customers. The company Advisors’ Opinion:
- [By Lou Whiteman]
There’s more at stake for Huntington Ingalls and fellow shipbuilder General Dynamics (NYSE:GD) beyond the $6.5 billion in lost refueling revenue. A modern aircraft carrier does not sail alone but rather relies on a large number of escorts and affiliated ships that also need to be acquired and staffed. There is also the expense of finding pilots for the large number of planes that are housed on a carrier.
- [By Logan Wallace]
WARNING: “General Dynamics Co. (GD) Stake Lowered by ETRADE Capital Management LLC” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at www.tickerreport.com/banking-finance/4200512/general-dynamics-co-gd-stake-lowered-by-etrade-capital-management-llc.html.
- [By Lou Whiteman]
The Saudi THAAD deal appears safe, but other contractors have not been as fortunate. General Dynamics (NYSE:GD) in January warned investors that cash flow generated by the company’s land-systems business was “significantly impacted” by diplomatic issues between Canada and an unnamed customer. Though the company offered few other details, General Dynamics in December launched a public campaignagainst attempts by Canadian government officials to block a $13 billion sale of Canada-made armored vehicles to the Saudis.
- [By Lou Whiteman]
It could also slow down efforts led by Raytheon (NYSE:RTN) and Lockheed Martin to modernize missile defense and stunt work being done at Northrop Grumman (NYSE:NOC), Boeing (NYSE:BA), General Dynamics (NYSE:GD), and others to modernize the U.S. nuclear triad.
Best Cheap Stocks For 2022: Rent-A-Center Inc.(RCII)
Rent-A-Center, Inc., together with its subsidiaries, primarily engages in leasing household durable goods to customers on a rent-to-own basis. The company?s stores offer durable products, such as consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. It also provides merchandise on an installment sales basis in its stores. As of December 31, 2010, the company operated 3,008 company-owned stores in the United States, and in Canada, Puerto Rico, and Mexico, including 42 retail installment sales stores under the names ?Get It Now? and ?Home Choice?; and 18 rent-to-own stores located in Canada under the ?Rent-A-Centre? name. It also operates 209 franchised rent-to-own stores in 32 states under the ColorTyme trade name; and 384 kiosk locations under the ?RAC Acceptance? model. In addition, the company, th rough its ColorTyme?s franchised stores, offers custom rims and tires for sale or rental under the trade names ?RimTyme? or ?ColorTyme Custom Wheels?. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.
- [By Garrett Baldwin]
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Stocks to Watch Today: KHC, HD, JWN, M, AAPL
Kraft Heinz Co. (NYSE: KHC) is still licking its wounds after an abysmal earnings report on Thursday and a weak 2019 outlook. The consumer goods giant is looking to reshape its business as consumer tastes continue to evolve. According to reports, the firm – backed heavily by Warren Buffett’s Berkshire Hathaway Inc.(NYSE: BRK.A) – is considering a deal to sell its Maxwell House brand. Warren Buffett is also affecting shares of Apple Inc. (NASDAQ: AAPL). Although AAPL stock added 0.4% in pre-market hours, Buffett said he would not purchase more shares of the company stock at these levels. However, should AAPL stock pull back in the near future, the “Oracle of Omaha” would consider purchasing more. Earnings season may be winding down, but concerns about the U.S. brick-and-mortar retail industry are always high. This week, Home Depot Inc. (NYSE: HD), Nordstrom Inc.(NYSE: JWN), and Macy’s Inc. (NYSE: M) will report earnings from the holiday quarter. Look for earnings reports from American States Water Co.(NYSE: AWR), Chatham Lodging Trust (NYSE: CLDT), EPR Properties (NYSE: EPR), Etsy Inc. (NASDAQ: ETSY), Life Storage Inc.(NYSE: LSI), Mosaic Co. (NYSE: MOS), Oneok Inc. (NYSE: OKE), Potbelly Corp. (NASDAQ: PBPB), Preferred Apartment Communities Inc. (NYSE: APTS), Rent-A-Center Inc. (NASDAQ: RCII), Shake Shack Inc. (NYSE: SHAK), and Tenet Healthcare Corp. (NYSE: THC).
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- [By Ethan Ryder]
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
ValuEngine upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a report issued on Tuesday.
A number of other research firms have also issued reports on RCII. TheStreet upgraded shares of Rent-A-Center from a d+ rating to a c- rating in a research note on Monday, July 9th. BidaskClub upgraded shares of Rent-A-Center from a hold rating to a buy rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Rent-A-Center from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research note on Wednesday, July 4th. Janney Montgomery Scott lowered shares of Rent-A-Center from a buy rating to a neutral rating in a research note on Monday, June 18th. Finally, Northcoast Research lowered shares of Rent-A-Center from a buy rating to a neutral rating in a research note on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Rent-A-Center presently has a consensus rating of Hold and a consensus target price of $11.00.
Best Cheap Stocks For 2022: UnitedHealth Group Incorporated(UNH)
UnitedHealth Group Incorporated provides healthcare services in the United States. Its Health Benefits segment offers consumer-oriented health benefit plans and services to national employers, public sector employers, mid-sized employers, small businesses, and individuals; and non-employer based insurance options for purchase by individuals. It also provides health and well-being services for individuals aged 50 and older; and for services dealing with chronic disease and other specialized issues for older individuals, as well as health plans for the beneficiaries of acute and long-term care Medicaid plans. This segment offers its services through a network of 730,000 physicians and other health care professionals, and 5,300 hospitals. Its OptumHealth segment provides health, financial, and ancillary services and products that assist consumers through personalized health management solutions; benefit administration, and clinical and network management; health-based financi al services; behavioral solutions; and specialty benefits, such as dental, vision, life, critical illness, short-term disability, and stop-loss product offerings. The company?s Ingenix segment offers database and data management services, software products, publications, consulting and actuarial services, business process outsourcing services, and pharmaceutical data consulting and research services. Its Prescription Solutions segment provides integrated pharmacy benefit management services comprising retail network pharmacy contracting and management, claims processing, mail order pharmacy services, specialty pharmacy, benefit design consultation, rebate contracting and management, drug utilization review, formulary management programs, disease therapy management, and adherence programs to employer groups, union trusts, managed care organizations, Medicare-contracted plans, Medicaid plans, and third party administrators. The company was founded in 1974 and is based in Minne tonka, Minnesota.
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The 60 or so holdings in this fund are a simple listing of the healthcare stocks that are present in the broader S&P 500 Index. These companies are then weighted by size, so familiar names like Johnson & Johnson (JNJ), UnitedHealth Group (UNH) and Pfizer (PFE) top the list of components.
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If you want to follow that constant increase in spending, then why not focus on this sector? FSPHX provides a simple and diversified way to do so. The fund owns about 120 total stocks, with top holdings right now including insurance giant UnitedHealthGroup (UNH), as well as mid-sized vascular device company Penumbra (PEN).
- [By Faizan Farooque]
Nevertheless, JPMorgan is a bellwether for the U.S. economy. As consumer spending comes roaring back to life, JPM is a safe stock to have in your portfolio.
UnitedHealth Group (UNH) Source: Ken Wolter / Shutterstock.com
UnitedHealth Group is a data-driven healthcare enterprise comprised of Optum, its pharmacy and care delivery division, and UnitedHealth, the nation’s largest health insurer. Overall, the group oversees 140 million patients who produce approximately 1.5 trillion transactions per year. That is a big data pool, which is leveraged to improve medical care.