HealthEquity Inc. (HQY) reported strong fourth-quarter results, with revenue up 19% year-over-year and 9.9 million health savings accounts (HSAs) as of January 31st, 2023. However, shares are sinking in after-hours trading, likely due to the company's guidance coming in slightly below estimates at the midpoint.
Samsung Electronics Co. is facing investor frustration due to its declining competitiveness in the AI and chip market. The company's leadership has apologized and pledged bold moves to regain its lost ground, including adjusting its supply chain, pursuing strategic acquisitions, and investing heavily in research and development.
Cathie Wood, founder of Ark Invest, predicts most meme coins will become worthless due to their lack of inherent value and warns investors of potential "fearsome declines." Despite her earlier optimism about the Trump meme coin, Wood emphasizes her firm's focus on established cryptocurrencies like Bitcoin, Ethereum, and Solana.
Canadian convenience store giant Couche-Tard remains determined to acquire Seven & i Holdings, the operator of Japan's top convenience store chain, 7-Eleven, despite the rejection of its initial offer. Couche-Tard emphasizes its desire for a friendly transaction and believes the merger would benefit 7-Eleven's business, while Seven & i Holdings remains focused on boosting its own value and addressing antitrust concerns.
Artisan Partners, a U.S. investor in Seven & i Holdings, opposes the retailer's CEO succession plan and urges engagement with Couche-Tard's $47 billion takeover offer to maximize shareholder value. The activist investor also plans to vote against the new CEO and other board members at the upcoming annual general meeting.