May 8, 2020 Brandon Suffel
Aurora Cannabis plans for a reverse stock split next week. Apple plans to reopen stores as the Unites Stated economy starts phase one of reopening. Tesla also plans to reopen Fremont, CA plant; Almeda county suggests otherwise.
$ACB reverse stock split
On Monday, May 11, Aurora Cannabis will roll up its shares in a reverse stock split — according to MarketWatch. The company has faced immense losses since its 2019 highs. And since, Wall Street’s frustrated with the disappointing performance.
Aurora Cannabis is a popular company, without a doubt. It’s one of the more popular stocks on the trading platform Robinhood, with over 990,000 followers.
MarketWatch- Aurora said that it would grant shareholders one share for every 12 currently outstanding. . .
The current number of owned shares amounts to more than 1.3 billion. After the reverse stock split, there will only be 110 million standing shares. . .diluting shares more than 30%, according to an analyst estimate.
$ACB this Friday fell 3.19% before the closing bell, also before the company adopts a reverse stock split on Monday May 11.
$AAPL leads the charge
Out of the four states eager for open doors, six stores are available to shop from. There’s no confirmation as to whether all six will be opened. And with over 510 stores globally, and only 271 in the U.S., this is a small stepping stone for Apple.
Of the reopened locations, staff members will check shoppers temperatures before entering the stores. Opened locations will also limit the number of shoppers.
$TSLA wants to get back to work
Tesla CEO and Chairman Elon Musk has plans for Tesla to reopen its Fremont, CA. plant next week. Almeda county has warned Tesla to resist reopening. They’ve also suggested the company did not meet certain criteria for reopening the manufacturing plant.
By Brandon Suffel Founder Breakfast at Midnight May 7,2020
As new unemployment numbers roll-in, stocks record gargantuan profits. Roku is doing just-fine; Uber on the other hand struggled in the first quarter. Papa Johns pizza slang more pies & delivered more pies than ever before.
Pizza delivery is more popular than ever. More Americans are ordering take-out & delivery service than ever before. In late March into early April, grocery stores and convenient stores were setting record-breaking numbers due to buyer panic.
Papa John’s recently claimed April was its best month, ever. They’ve also released a new acclaimed item on their menu: the Papadia flatbread. The new menu item and high-demand for delivery attains to Papa John’s recent commendation.
$PZZA went bullish immediately after the opening bell and before the closing bell rang. $PZZA was up $3.91 (+5.08%) in trading hours; however fell $0.21 (-0.26%) in AH. $PZZA has continued the upward trajectory & momentum bullish investors idolize.
Roku recorded a total net revenue growth of 55% YoY to $321 million. Gross profits are up 40% YoY to $141 million. And most importantly, Roku’s welcomed 2.9 million active accounts, reaching a total of 39.8 million. Since March, streaming hours grew 1.6 billion to a record breaking 13.2 billion.
Uber services declined in the past quarter. Although the ride service struggles, Uber’s food delivery component of the company grows.
Uber’s net revenue grew 14% from a year earlier to $3.54 billion. Analysts estimated a net revenue of $3.51 billion. Though Uber thwarted analysts forecasts, the company posed a net loss of $2.9 billion in Q1.
Since March, Uber’s had to let go of employees, almost 14% of its workforce, in order to regulate expenses in ominous events.