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Sep 27, 2020
Shareholders in Rite Aid Corporation (NYSE:RAD) had a terrible week, as shares crashed 26% to US$10.00 in the week...
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Sep 27, 2020
Markets are volatile this month, with the magnitude of the shifts most pronounced in the tech-heavy NASDAQ. That index fell 7.5% from its peak - reached on September 2 - a slide pronounced enough to have investors questioning whether this is just a correction, or a true reversal of the bull market we saw through the summer. But in recent sessions, the index has been gaining; it entered the weekend on a high note, having added 2.3%. The fast rise in the NASDAQ during the summer was no fluke. It was based on the real contributions that tech companies are making to the economy and our lives. From the 5G rollout, to improvements in semiconductor chips, to the expansion of IoT and smart device capabilities - tech is everywhere, and it's growing fast. The best part is, you don't need to buy into the tech giants to take part. There are plenty of lower cost tech stocks out there with clear paths forward - sometimes, even paths to triple-digit share appreciation. Investment banking firm Needham, which earns a top spot on TipRanks' list of Top Performing Research Firms, has pointed out two such stocks. Using TipRanks' Stock Comparison tool, we were able to evaluate these stock picks alongside each other to get a sense of what the analyst community has to say.Applied Optoelectronics (AAOI)Applied Optoelectronics is a leader in the fiber-optic cable market, providing high-end networking cables and ancillary equipment for the telecommunications, fiber-to-the-home, cable tv, and internet data center markets. T
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Sep 27, 2020
A strong performance in Tuesday's debate by Biden, who currently has a modest lead in betting odds and polls, might boost stocks related to global trade and renewable energy, while a perceived debate victory by Trump could benefit fossil fuel and defense companies. The first of three scheduled debates comes at a fraught moment on Wall Street. If one candidate emerges stronger on Tuesday, "the debate could be an individual stock and sector play," said Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors.
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Sep 27, 2020
Legacy casino brand MGM is growing its online gambling business after Covid-19 shuttered casinos.
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Sep 27, 2020
Genworth Financial, Inc. (NYSE:GNW) shareholders would be excited to see that the share price has had a great month...
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Sep 27, 2020
(Bloomberg) -- The world's first shipment of blue ammonia is on its way from Saudi Arabia to Japan, where it will be used in power stations to produce electricity without carbon emissions.Saudi Aramco, which made the announcement Sunday, produced the fuel, which it does by converting hydrocarbons into hydrogen and then ammonia, and capturing the carbon dioxide byproduct. Japan will receive 40 tons of blue ammonia in the first shipment, Aramco said.Ammonia can be burned in thermal power stations without releasing carbon emissions. That means it has "the potential to make a significant contribution to an affordable and reliable low-carbon energy future," according to state-controlled Aramco.Japan aims to be a world-leader in the use of hydrogen, which is contained in ammonia. The country has committed to reducing its greenhouse gas emissions 26% by 2030 from 2013 levels, under the Paris climate pact.Blue ammonia is a feedstock for blue hydrogen, a version of the fuel made from fossil fuels with a process that captures and stores C02 emissions. Hydrogen from renewable energy that creates no emissions is known as green hydrogen.Saudi Arabia, the world's biggest oil exporter, is increasingly trying to counter its reputation for producing dirty energy. In recent months, Aramco has highlighted the low volume of greenhouse gases emitted from pumping Saudi crude, programs to boost gas production and plans to grow carbon-absorbing mangroves.U.S. firm Air Products & Chemicals Inc. signed an accord in July
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Sep 27, 2020
Raytheon Technologies has been awarded a $212.8 million supply and maintenance services contract by the US Missile Defense Agency to the United Arab Emirates (UAE).As part of the Foreign Military Sale (FMS) contract, Raytheon Technologies (RTX) will provide 1 prime power unit, an air- and highway-transportable, trailer-mounted 1.3MW (megawatt) generator set, and 5 years of sustainment services for 2 Terminal High Altitude Area Defense Army/Navy Transportable radar surveillance and control-series 2 (AN/TPY-2) radars.The work will be performed in Massachusetts, and some support services will be provided in-country. The contract is Oct. 1, 2020, through Sept. 30, 2025. UAE FMS funds in the amount of $212.8 will be used to pay for the contract.The contract type will be a hybrid firm-fixed-price, cost-plus-incentive-fee, cost-plus-fixed-fee and cost-reimbursement contract.Shares in Raytheon have plunged 35% so far this year as the aerospace and defense conglomerate has been suffering from the coronavirus-led crisis in the aviation industry. Earlier this month, the company announced plans to cut more than 15,000 jobs to lower general and administrative expenses by 20%. In addition, the company is also seeking to reduce the amount of office space globally by 20%-25% over the next 4 or 5 years. (See Raytheon stock analysis on TipRanks)Cowen & Co analyst Cai Rumohr on Friday lowered the stock's price target to $70 (2.7% dividend yield) from $80, while maintaining a Buy rating."RTX's aftermarket recover
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Sep 27, 2020
To sustain a rally in the deferred futures contracts, we're going to have to see a series of average to lower builds and increasing LNG exports.
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Sep 27, 2020
Shares in American Airlines Group rose 2.5% in Friday's extended market session after the ailing airline secured a $5.48 billion loan agreement from the US government.The stock closed 4.4% higher on Friday. Under the terms of the US Treasury facility, American Airlines (AAL) may have an option to increase the loan in October by an additional almost $2 billion to an aggregate $7.5 billion. The additional amount of the facility, which is made available under the US Coronavirus Aid, Relief, and Economic Security Act (Cares Act), is still subject to US Treasury approval.American said it already borrowed $550 million from the loan facility backed by its loyalty program and may borrow additional amounts in up to two subsequent borrowings until March 26, 2021. The proceeds from the loan facility will be used for certain general corporate purposes and operating expenses, the airline added. The interest rate for the $550 million loan drawn will be 3.87% per annum for the period from the closing Date through September 15, 2021.All advances under the loan facility will be in the form of term loans, all of which will mature and be due and payable in a single instalment on June 30, 2025. Furthermore, the terms of the loan agreement put certain restrictions on the airline's ability to pay dividends, repurchase common stock or make certain investments. In addition, the US airline will need to maintain a minimum aggregate liquidity of $2 billion.Shares in American have lost 57% of their value so far this year as stringent travel
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Sep 27, 2020
Gold prices are being influenced by a number of different contradictory factors, some traditionally good for bullion, others not.
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Sep 27, 2020
Honeywell announced an increase of 3.3% in its annual dividend to $3.72 per share from $3.60. Based on the company's closing price on Friday, the new annual dividend implies a yield of 2.3%. It marks the 11th consecutive year in which the software-industrial company has ramped up its dividend.Honeywell International (HON) said that the new dividend will be effective in the fourth quarter, and the quarterly dividend of $0.93 per share will be payable on Dec. 4 to shareholders of record on Dec. 13.In July, Honeywell posted stronger-than-expected 2Q earnings of $1.26 per share, in comparison to analysts' expectations of $1.21. Its revenues of $7.48 billion also beat the Street estimates of $7.29 billion. However, both earnings and revenues declined 40% and 19.1%, respectively, on a year-over-year basis due to a 26% decline in aerospace sales related to Boeing's 737 MAX delays and weak demand for commercial aircraft. (See HON stock analysis on TipRanks).On Aug. 11, RBC Capital analyst Deane Dray cut the stock to Hold from Buy and slashed the price target to $158 (2.2% downside potential) from $166. Dray noted that the company has lagged in a cyclical rebound as it remains "in the throes" of an extended downturn in both its commercial aerospace and oil and gas businesses. The analyst added that the commercial airline and oil and gas sectors pose challenges in 40% of Honeywell's end markets. He believes that the valuation is "undemanding here" amid few catalysts in the near term.Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy ana
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Sep 27, 2020
(Bloomberg Opinion) -- Oil producers could be set for another showdown before the end of the year, with heavyweights Saudi Arabia and Russia holding different views on how to approach the halting recovery in oil demand.Renewed restrictions on travel and social gatherings across Europe, along with the tapering of state support packages for companies, are having a chilling effect on demand for crude, just as the OPEC group of oil producers, who cut production by a record 9.7 million barrels a day in May, begin to contemplate the next easing of limits on their output. We should all remember what happened last time they couldn't agree on what to do. The International Energy Agency and the Organization of Petroleum Exporting Countries have both resumed cutting their forecasts for this year's oil demand. In the past two months, the IEA has trimmed its forecast by 400,000 barrels a day, while OPEC has reduced its own by 500,000 barrels. And they may have further yet to fall. Neil Atkinson, the IEA's Head of Oil Industry and Markets Division, said at a Bloomberg event on Thursday that the agency is "more likely to make a downgrade than an upgrade" to demand forecasts in its next monthly report.The biggest headwind to oil demand comes from reduced trade, weakened economies and the knock-on effects of business closings and job losses, Standard Chartered analysts, including Emily Ashford and Paul Horsnell, said in a report last week.At a time when oil demand was meant to be recovering, it now seems to be going into reverse again. A new round of w
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Sep 26, 2020
30-year mortgage rates were on the rise. Yields could come under pressure in a particularly busy week ahead, however.
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Sep 26, 2020
When it comes to Nikola (NASDAQ:NKLA), I think many investors and most of the Street have lost sight of a few important points. Most critically, they don't realize that Nikola stock can soar even if the company does not, on its own, revolutionize fuel-cell and battery technology. Nevertheless, I believe that investors should wait for a better entry point before buying Nikola.Source: Stephanie L Sanchez / Shutterstock.com As I've pointed out previously, there will be meaningful demand for fuel-cell trucks from many companies that want to show that they care about the environment in general and climate change in particular. Additionally, in certain places, like California and Europe, governments are likely to mandate the use of zero-emission trucks.And it makes sense for battery-electric trucks to be used for relatively short-distance tasks in areas where many people live and/or work. In those situations, the trucks' short range will not be an issue, while their lack of pollution will be an important asset.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere aren't many companies making "green," full-size trucks now. After performing extensive research on the sector, I've only heard of several such companies, including Toyota (NYSE:TM), Hyundai, Workhorse (NASDAQ:WKHS), and Lightning Systems which is partnering with Plug Power (NASDAQ:PLUG). * 7 Hot Stocks to Buy on Robinhood Now Given the relative lack of competition in the "green truck" space, Nikola can succeed -- and Nikola stock can sur
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Sep 26, 2020
Every investor in People's United Financial, Inc. (NASDAQ:PBCT) should be aware of the most powerful shareholder...
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Sep 26, 2020
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a company worth around $6 billion, people familiar with the matter said on Saturday. The deal talks show how consolidation in the oil and gas industry is picking up, as low energy prices drive some independent producers to seek scale through mergers. In July, Noble Energy Inc agreed to be acquired by Chevron Corp for $5 billion in stock.
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Sep 26, 2020
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a company worth around $6 billion, people familiar with the matter said on Saturday. The deal talks show how consolidation in the oil and gas industry is picking up, as low energy prices drive some independent producers to seek scale through mergers. In July, Noble Energy Inc agreed to be acquired by Chevron Corp for $5 billion in stock.
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Sep 26, 2020
The sell-off in Nikola Corporation (NASDAQ: NKLA) since the Hindenburg Research report accusing the company of being an "intricate fraud built on dozens of lies" took a breather on Friday. Investors must now decide if the fraud allegations and the departure of chairman Trevor Milton is a long-term buying opportunity or if the worst is yet to come for the stock.The Bull Case: Earlier this week, Cowen analyst Jeffrey Osborne defended Nikola. Osborne said investors should understand that the optics of Milton's departure are terrible for the stock in the near term, but the resignation will help minimize distractions in the longer term."We believe Steve Girsky at the helm of the Board and Mark Russell and Kim Brady controlling the communications and narrative from management will set a more measured and less promotional tone with investors," Osborne wrote in a note.Osborne said he has known the Nikola team for nearly three years and he doesn't believe the company is a fraud. However, investors should understand it will take the company some time to build back investor trust.Osborne said Nikola's partnership with General Motors Company (NYSE: GM) was a major milestone for the company, and Cowen is anticipating production of Nikola's battery electric vehicles to begin in the fourth quarter of 2021.The Bear Case: Wedbush analyst Daniel Ives downgraded Nikola and said there are two reasons why risk for the stock is to the downside.First, Milton was the visionary for the company, and his departure changes the story moving forwar
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Sep 26, 2020
* This weekend's Barron's cover story offers roundtable picks for the health care revolution. * Other featured articles discuss who could benefit from a conservative Supreme Court and how to find reliable dividend stocks in emerging markets. * Also, the prospects for a recently merged regional bank stock, a pair of restructuring companies, a pandemic winner and more.Cover story "The Pandemic Speeds Up the Health-Care Revolution" by Lauren R. Rublin offers Moderna Inc (NASDAQ: MRNA) and other Barron's roundtable expert picks for the most promising developments and best investment bets in the sector.Daren Fonda's "A Right-Leaning Supreme Court Will Tackle Some Big Business Cases" suggests that a more conservative court may cut back regulation. Is that good news for likes of Facebook, Inc. (NASDAQ: FB) and Ford Motor Company (NYSE: F)?In "Herbalife Faces a Fresh Legal Hurdle," Bill Alpert discusses how a lawsuit that has gathered steam targets 44 of the top distributors of Herbalife Nutrition Ltd (NYSE: HLF). What's next for this Los Angeles-based multilevel marketing company?See why North Carolina-based Truist Financial Corp (NYSE: TFC) could enjoy the fruits of its merger and deliver hefty upside in coming years, according to "Deal Synergies Should Lift This Southern Bank" by Lawrence C. Strauss.In Al Root's "Fortive Is Spinning Off a Business. It's Time to Buy the Stock," find out why Barron's believes breaking up is what industrial technology conglomerate Fortive Corp (NYSE: FTV) needs to get out of a
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Sep 26, 2020
Benzinga has examined the prospects for many investor favorite stocks over the past week. Both bullish and bearish calls in coronavirus vaccine contenders were seen this week.Social media platforms were represented in both categories as well.September has a reputation as a harsh month for the markets, and it certainly has lived up to that reputation this year: volatility continued last week for various reasons. The Dow Jones industrials and S&P 500 ended the week essentially flat, with the Nasdaq only a little better, but all three indexes are down more than 4% since the start of the month, with the Nasdaq retreating about 8%.It was also a week in which the race for a COVID-19 vaccine continued, and the world's leading electric carmaker held its annual event - which failed to help the stock much.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls Shanthi Rexaline's "Moderna Will Start To Outrun Coronavirus Competition In 2021, Analyst Says" details an analyst's take on why investors should buy the dip in Moderna Inc (NASDAQ: MRNA) shares."5 Reasons Pivotal Upgrades Twitter To Buy" by Jayson Derrick discusses the many points of logic behind the featured analyst's new bullish stance on Twitter Inc (NYSE: TWTR) stock.In "Chevron Has 'Significant Strategic Advantage,' MKM Says In Bullish Initiation," Priya Nigam reveals why Chevron Corporation (NYSE: CVX) is expect
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Sep 26, 2020
If you are looking for the best ideas for your portfolio you may want to consider some of Del Principe O'Brien Financial Advisors top stock picks. Del Principe O'Brien Financial Advisors, an investment management firm, is bullish on Qualcomm Inc (NASDAQ:QCOM) stock. In its Q2 2019 investor letter - you can download a copy here […]
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Sep 26, 2020
If you are looking for the best ideas for your portfolio you may want to consider some of Del Principe O'Brien Financial Advisors top stock picks. Del Principe O'Brien Financial Advisors, an investment management firm, is bullish on Alibaba Group Holding Limited (NYSE:BABA) stock. In its Q2 2019 investor letter - you can download a […]
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Sep 26, 2020
Gold miners have been hammered in recent weeks, and if prices for the precious metal do not rebound, they could be set to fall further
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Sep 26, 2020
Today we will run through one way of estimating the intrinsic value of National Oilwell Varco, Inc. (NYSE:NOV) by...
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Sep 26, 2020
Cisco Systems, Inc. (NASDAQ:CSCO) saw significant share price movement during recent months on the NASDAQGS, rising to...
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Sep 26, 2020
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
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Sep 26, 2020
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
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Sep 26, 2020
The United States has imposed restrictions on exports to China's biggest chip maker SMIC after concluding there is an "unacceptable risk" equipment supplied to it could be used for military purposes. Suppliers of certain equipment to Semiconductor Manufacturing International Corporation will now have to apply for individual export licenses, according to a letter from the Commerce Department dated Friday and seen by Reuters. The latest move marks a shift in U.S. policy from earlier this year, when applicants seeking "military end user" licenses to sell to SMIC were told by the Commerce Department that the licenses weren't necessary, according to three people familiar with the matter.
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Sep 26, 2020
This was a tough week for cannabis stocks, with all ETFs down driven by disappointing earnings reports.Over the five trading days of the week: * The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 6.8% * The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was down 7% * The Cannabis ETF (NYSE: THCX): was down 9% * The Amplify Seymour Cannabis ETF (NYSE: CNBS): tumbled 3.8% * The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 0.4%.The news was dominated by Aurora Cannabis Inc. (NYSE: ACB)'s fourth-quarter earnings report. The Edmonton, Canada-based company said it lost more than CA$3.3 billion ($2.5 billion) in the fiscal year closing Tuesday.Total net revenue of CA$72.1 million ($54.1 million) signified a 5% drop from the previous quarter. Net revenue for consumer cannabis in the recreational market was CA$35.3 million ($26.7 million) dropping 9% from the previous quarter. Medical cannabis net revenue was $32.2 million ($24.2 million), a 4% increase from the prior quarter, attributed to an overall market growth in Canada and Europe. Net loss from continuing operations was CA$1.86 billion ($1.40 billion).The shares plummeted following the results, and some analyst rating updates.Piper Sandler analyst Michael Lavery maintained a Neutral rating on Aurora Cannabis and lowered the price target from $10 to $8. Needham analyst Matt McGinley maintained a Hold rating. Cantor Fitzgerald analyst Pablo Zuanic maintained an Overweight rating and raised the price
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Sep 26, 2020
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
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Sep 26, 2020
As you might know, Costco Wholesale Corporation (NASDAQ:COST) recently reported its full-year numbers. Costco...
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Sep 26, 2020
The former editor-in-chief of Time Inc.
explains why the stock market continues to thrive in spite of all the apocalyptic events unfolding in the U.S. on an hourly basis.
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Sep 26, 2020
It looks like Fifth Third Bancorp (NASDAQ:FITB) is about to go ex-dividend in the next 4 days. If you purchase the...
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Sep 26, 2020
Readers hoping to buy Bristol-Myers Squibb Company (NYSE:BMY) for its dividend will need to make their move shortly...
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Sep 26, 2020
On January 9, 1943, two days after Nikola Tesla died destitute in a New York City hotel, the FBI called MIT professor and esteemed electrical engineer, John G. Trump, to determine if any of the belongings in the inventor's estate.
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Sep 26, 2020
Yahoo Finance's On the Move panel discuss today's Stocks on the Move: Cruise stocks and DraftKings.
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Sep 26, 2020
If we look at the average annual returns for different asset classes in the last 10 years, gold has been an underperformer as compared to U.S. equities. I strongly believe that gold will likely match the performance of equities or out-perform in the next few years.The Federal Reserve recently announced that it will keep interest rates near-zero levels through fiscal year 2023. This is the key reason to be bullish on gold. Amid intermediate corrections, the hard currency is likely to trend higher as expansionary monetary policies continue and the dollar weakens.It's worth noting that the Fed expanded its balance sheet from $4.2 trillion in February 2020 to $7.0 trillion in September 2020. This is a clear indication of the aggressive expansionary policies likely to support gold.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Inflation is ComingRecently, hedge fund manager Stanley Druckenmiller warned that inflation can potentially hit 10% in the coming years. I believe that even if inflation trends above 5%, gold is likely to go ballistic.When Wood Mackenzie provided a bullish update on gold for the current year, the focus was on escalating geo-political tensions. I believe that this factor will continue to support the precious metal in the coming years.Another demand trigger for gold is sustained purchase by central banks. To diversify currency holdings, central banks globally have been accumulating gold. Factors like geo-political tensions, currency risk and economic uncertainty will ensu
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Sep 26, 2020
(Bloomberg Opinion) -- With the Covid-19 pandemic closing top-end stores and decimating international travel, 2020 is set to be the worst year for the global luxury market in modern history. Yet a new book called "Future Luxe: What's Ahead for the Business of Luxury" by Erwan Rambourg is optimistic.Among the book's insights into the next decade are that health will become the ultimate luxury, and that sellers of handbags, shoes and watches will face competition from a new breed of upmarket goods, including cannabis.Rambourg, who has spent 25 years in the industry and is currently HSBC's global head of consumer and retail research, also predicts a shakeout in the ownership of luxury goods groups. By 2030, he expects LVMH Moet Hennessy Louis Vuitton SE to hold 90 to 100 brands, up from 76 today — or 77 if it follows through with its offer to buy U.S. diamond jeweler Tiffany & Co. By contrast, many smaller competitors will merge, go out of business, be bought or, in some cases, such as puffer-jacket maker Moncler SpA, acquire others. Amid slower growth for so-called accessible luxury handbags, he expects ownership of the Michael Kors, Coach and Tory Burch brands to change in the next 10 years.I caught up with him to discuss the future of luxury. The following is a lightly edited transcript of our conversation.Andrea Felsted: This year will be the worst for the luxury industry in modern history. Yet your book paints an upbeat picture.Erwan Rambourg: There is already evidence of a very strong re
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Sep 25, 2020
Federal Aviation Administration (FAA) Chief Steve Dickson is set to conduct an evaluation flight at the controls of a Boeing 737 MAX next week, a key milestone as the U.S. planemaker works to win approval to resume flights, the agency told lawmakers. The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. Dickson, who was previously a commercial airline pilot, plans to undergo simulator training before the flight and will then share his observations with FAA technical staff.
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Sep 25, 2020
With NBCUniversal recently joining Roku's platform, Needham analyst Laura Martin highlights a number of reasons Roku could see upside revenue potential from the deal with any new viewers to its home page ad inventory. The Final Round discusses.
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Sep 25, 2020
Sep.25 -- Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor and adviser to Democratic presidential nominee Joe Biden, says he expects to know to have the winner of the U.S. Presidential election declared by 9:15pm on election night. He joins David Westin on "Bloomberg Wall Street Week."
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Sep 25, 2020
(Bloomberg) -- A federal judge scheduled an unusual Sunday morning hearing to decide whether the U.S. can go through with its ban on the video-sharing app TikTok.ByteDance Ltd., TikTok's Chinese owner, has asked the court to block the ban, set to begin on Sunday night, even as it pursues approvals from the government for the sale of a stake in its U.S. operations to Oracle Corp. and Walmart Inc. under pressure from President Donald Trump.Trump cited national security last month in announcing a ban on the widely used network from U.S. app stores. The president, who has also barred WeChat, owned by China's Tencent Holdings Ltd., has told ByteDance its only alternative is to sell its American TikTok business. The Justice Department argues that the apps could allow China's government to gain access to the personal data of millions of Americans.On Friday the government emphasized those concerns to the judge in a filing, urging him not to grant the temporary block. U.S. lawyers cited the FBI director's assessment that the People's Republic of China -- or PRC -- poses the "greatest long-term threat to our nation's information and intellectual property" as a reason for the ban."One of the tools that the PRC uses to further its goals is bulk data collection," the U.S. government said.ByteDance, founded in 2012 by Zhang Yiming, has close ties to the Chinese Communist Party and must abide by laws that require it to cooperate with China's government, the U.S. said."In April 2018, the CCP forced ByteDance to shutdown on
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Sep 25, 2020
China's auto market has rebounded smartly from the COVID-19 crash in recent months, executives said on Saturday, as a rare in-person trade show was dominated by talk of recovery in the world's biggest car market. While conditions have improved vastly from lockdowns that froze economic activity in the country where the pandemic erupted, the Beijing autoshow is a far cry from the usual ebullience as fewer attend, new models are scant and prospects remain uncertain. Doubts remain over the durability of the recovery, but the focus for now is on bright spots such as strong demand for mid-sized to large luxury vehicles and a flood of interest - and investment - in electric vehicles.
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Sep 25, 2020
(Bloomberg) -- American Airlines Group Inc. closed a $5.48 billion loan with the U.S. Treasury, increasing its pool of cash to help fund operations until travel demand begins to return.The credit facility, backed by American's loyalty program, increased from an original $4.75 billion target after rivals such as Delta Air Lines Inc. and Southwest Airlines Co. opted out of the funds and the remaining money was reallocated. American could receive as much as $2 billion more when the funds are adjusted a second time next month, according to a regulatory filing Friday.The deal makes American the first major carrier to tap U.S. loans that were included in the $2 trillion Cares Act for economic relief from the coronavirus pandemic. As part of the federal rescue, U.S. airlines earlier got $25 billion in payroll support, largely in grants, with American receiving $5.8 billion. Congress is debating whether to extend the payroll aid, which expires at the end of the month, in an effort to avoid deep industry layoffs."We are working to raise and conserve as much cash as possible during the Covid-19 pandemic," American said in a message to employees Friday. "Today's actions help us shore up our longer-term liquidity until demand returns."Building CashU.S. airlines slammed by the coronavirus pandemic have been building cash through equity sales and loans as passenger totals remain about 70% below year-ago levels. Carriers have also parked aircraft, cut flying schedules and asked thousands of employees to retire early or take leaves to fu
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Sep 25, 2020
(Bloomberg) -- Ray Dalio used the latest installment of his ongoing series on the changing world order to identify clear red lines that, if crossed, could result in a deadly war between China and the U.S., but the real enemy in the conflict may lie within."Our greatest war is with ourselves because we have the most control over how strong or weak we are," the billionaire founder of Bridgewater Associates wrote in the essay published on LinkedIn. "The internal wars and challenges in both China and the US are more important and bigger than external wars and challenges."While Dalio doesn't think the current trade war has been "taken very far," any attempt by China to restrict American access to rare earth elements, or by the U.S. to restrict China's access to semiconductors from Taiwan or crude oil, for example, could signal that the current conflict was about to get a lot worse.Culture, meanwhile, may be the one frontier where the two countries should try and make some inroads."The main challenge the Chinese and Americans have with each other arises from some of them failing to understand and empathize with the other's values and ways of doing things, and not allowing each other to do what they think is best," Dalio wrote in the 17,000-word essay that also pondered the future of the U.S. dollar as a global reserve currency. "Some of these cultural differences are minor and some of them are so major that many people would fight to the death over them."Key Quotes"Destiny and the way the global power cycle works have n
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Sep 25, 2020
It's taking longer than expected to finalize a reorganization plan.
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Sep 25, 2020
On Friday, Novavax started its phase 3 coronavirus trial to test for safety and efficacy of its vaccine. This comes as AstraZeneca received partial immunity with the EU states saying that they will pay for part of the expenses if problems continue to arise with patients. Yahoo Finance's Anjalee Khemlani joins The Final Round to discuss the latest on the coronavirus.
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Sep 25, 2020
(Bloomberg) -- Gold and silver posted their biggest weekly losses since March, when the global onset of the coronavirus pandemic panicked markets.The dollar gained as concern over the outlook for global economic growth bolstered the appeal of the currency as a haven, sapping demand for gold. Fears are mounting that rising coronavirus cases, particularly in Europe, may lead to more national lockdowns, denting the outlook for recovery. Gold fell 4.6% this week, while silver slumped 15%."Both have succumbed to belated long liquidation and pressure generated by the strength in the general dollar index, which is on track for its biggest weekly gain in almost six months," Edward Meir, an analyst at ED&F Man Capital Markets in New York, said in a note.The rally in gold, often used as an inflation hedge, has also flagged as the dimming view of the recovery undercuts the outlook for a rise in consumer prices. A lineup of Federal Reserve officials have said the central bank alone can't boost prices and the economy would falter without more aid. Gold has fallen more steeply of late than currency exchange-rate developments would have led one to expect, said Commerzbank AG's Carsten Fritsch."Abating concerns about inflation due to rising corona numbers could have something to do with this," Fritsch said in a note.U.S. House Democrats have started drafting a stimulus proposal of roughly $2.4 trillion that they can take into possible negotiations with the White House and Senate Republicans. The bill could get passed
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Sep 25, 2020
The airline said it is retiring its Boeing 717-200 aircraft and the remainder of its 767-300ER aircraft from the fleet by December 2025. It is also retiring its CRJ-200 aircraft by December 2023, earlier than previously planned.
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Sep 25, 2020
Teresa Jacobsen, a financial advisor at UBS Private Wealth Management, joined The Final Round to discuss her outlook for the market and what she thinks are the biggest headwinds facing the market right now.
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Sep 25, 2020
Does AstraZeneca (AZN) still have a fighting chance in the COVID-19 vaccine race? Earlier this month, the healthcare giant paused the Phase 3 study of AZD1222, its experimental COVID-19 vaccine developed as part of a collaboration with the University of Oxford, after one of the participants developed an unexplained illness, a potential adverse effect. This effect was later described as transverse myelitis, a demyelinating condition.Even though the UK study has resumed, the U.S. study remains on hold. Against this backdrop, AZN released the protocol for the trial, demonstrating the "rigorous" criteria of the interim analysis, in SVB Leerink analyst Andrew Berens' opinion.AZD1222's criteria for success is based on the FDA's Guidance for Industry regarding COVID-19 vaccine development, which asserts that an observed vaccine efficacy (VE) point estimate should be at least 50%, and that the lower bound of the confidence interval (CI) should be over 30%.AZN's first interim analysis (IA) will occur after 75 COVID-19 cases are reported, with statistical significance being achieved if the two-sided 99.69% confidence interval (CI) at the time is over 30%.Looking at its peers, Moderna's first interim analysis will occur after 53 COVID-19 cases are reported and will have a 74.1% efficacy boundary criteria to be considered a success. For the Pfizer/BioNTech SARS-COV-2 vaccine study, the first interim analysis will take place after 32 events, with an efficacy threshold of 76.9% efficacy.On t
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Sep 25, 2020
After a tough week, stocks put together a decent rally on Friday. Let's look at a few top stock trades going into next week, the last week of September. Top Stock Trades for Monday No. 1: Rite Aid (RAD) Click to EnlargeSource: Chart courtesy of StockCharts.comRite Aid (NYSE:RAD) shares are under significant pressure for the second straight day. The stock ended the day down about 9% on Friday, after falling almost 18% on Thursday on earnings.The stock made a decisive close below the September low on Thursday and the selling is continuing on Friday. Now, there are two levels to keep an eye on.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat puts the March low in play at $9.24, followed by the December gap-fill at $8.36. * 7 Hot Stocks to Buy on Robinhood Now On the upside, investors must see if RAD stock can reclaim $11. If so, it puts the 20-day moving average in play, followed by the 50-day and 200-day moving averages. However, at current levels shares are sort of in no man's land until it can either reclaim some higher levels or decline further. Top Stock Trades for Monday No. 2: Norwegian Cruise Line (NCLH) Click to EnlargeSource: Chart courtesy of StockCharts.comOn Monday, Norwegian Cruise Line (NYSE:NCLH) gapped below the 50-day moving average, then struggled to reclaim that mark all week.On Friday, though, Norwegian gapped higher by more than 13% and reclaimed the 50-day moving average and uptrend support (blue line). Reclaiming a key area is attractive, but this one is no layup.From here, let's see
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Sep 25, 2020
House Democrats are putting together another coronavirus stimulus plan, which would cost about $2.4 trillion. The chamber could vote on the legislation, which would include unemployment benefits, direct payments, small business loans and airline aid, as soon as next week. Yahoo Finance's Jessica Smith joins The Final Round panel to discuss. ?
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Sep 25, 2020
A proportional tax, also known as a flat tax, is a type of tax system that levies the same tax rate on everyone, no matter their income level. This system is in contrast to the progressive or marginal tax system … Continue reading -The post What Is a Proportional Tax? appeared first on SmartAsset Blog.
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Sep 25, 2020
Federal Aviation Administration (FAA) Chief Steve Dickson is set to conduct an evaluation flight at the controls of a Boeing 737 MAX next week, a key milestone as the U.S. planemaker works to win approval to resume flights, the agency told lawmakers. The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. Dickson, who was previously a commercial airline pilot, plans to undergo simulator training before the flight and will then share his observations with FAA technical staff.
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Sep 25, 2020
A certificate of deposit, more commonly known as a CD, is a type of bank account that pays interest in exchange for the depositor leaving their funds in the account until it matures. A jumbo CD functions in the same way, … Continue reading -The post What Is a Jumbo CD? appeared first on SmartAsset Blog.
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Sep 25, 2020
(Bloomberg) -- Formidable Asset Management LLC, a hedge fund that bet on electric-vehicle maker Workhorse Group Inc., and battery maker Nano One Materials Corp. is now putting its money on a lithium mining company.The Cincinnati-based fund sees Lithium Americas Corp. as a "differentiated operator" within the sector that has imminent production, a strategic location for some of its operations and undervalued assets, the fund wrote in a research report on Friday."Based on the valuation of its competitors (relative to their potential production/earnings) as well as recent prices paid for assets by its competitors, LAC's current market cap is well below what we believe the value of its assets to be," firm said in its report.The estimated fair value for the stock is between $15 and $22, which is significantly higher than its Sept. 24 close of $7.18. The stock gained 19% in U.S. trading on Friday and closed at $8.54 with a market cap of about $771 million. Formidable didn't specify the size of its position in the miner.The hedge fund also noted that its fair value analysis excludes the potential for a higher share price if the market valued Lithium Americas as a battery company, as opposed to just a producer of the raw material."Even at ‘normal' lithium prices, the company is being given almost no credit for its Thacker Pass opportunity, which has the potential to be twice as valuable as its Argentinian operation," it said.Formidable's bet on electric-vehicle maker Workhorse Group earlier this year, helped t
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Sep 25, 2020
Ahead of the China Auto Show 2020, Chinese electric vehicle manufacturer Nio Inc - ADR (NYSE: NIO) announced the first delivery Friday of the newest vehicle in its stable.Nio Meets Delivery Schedule: Nio announced via a tweet that it has officially begun deliveries of the EC6, its five-seater premium electric coupe SUV.The company launched the vehicle at the Chengdu Motor Show 2020 on July 24, and began accepting preorders immediately, with the promise of delivery starting by September. Today, we officially began delivery of the EC6, our 5-seater premium electric coupe SUV. BlueSkyComing NIOEC6 pic.twitter.com/WDXRjQldw2 -- NIO (@NIOGlobal) September 25, 2020A Drive Through The EC6: Nio's EC6 comes in three editions: Sporty, Performance and Signature.With the model's lightweight architecture, the EC6 has a drag coefficient of only 0.26. The EC6 has pre-installed Nio Pilot hardware and an internally developed advanced driver assistance system with features covering typical driving scenarios in China.The EC6 accelerates from 0 to 100 kph in 4.5 seconds, Nio said.The EC6 Performance and Signature versions come with either a standard 70 kilowatt-hour battery pack with an NEDC range of 440 km, or an optional 100 kWh battery pack with an NEDC range of up to 615 km.To lure buyers, Nio offered to the first retail buyers a lifetime free power swap, lifetime free warranty, lifetime free car connectivity, lifetime free out-of-town power service and lifetime free roadside rescue.Nio EC6 Pricing: The pre-subsidy price of
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Sep 25, 2020
Among the devastating impacts of COVID-19 on businesses, advertising budgets have been hit hard. Even Wall Street heavyweight Facebook's (FB) advertising business has been battered by the pandemic, with an advertiser boycott also weighing on the segment.In the second quarter of 2020, the company's top 100 advertisers accounted for 16% of its revenue, which is a lower percentage compared to a year ago. That being said, based on recent data, the tide could be turning for the social media giant.Writing for Oppenheimer, 5-star analyst Jason Helfstein points to 3P data and recent checks as indicating a stronger-than-expected recovery in advertising is taking place. According to Gupta Media, global CPMs for September are trending 7% above the average pre-COVID-19 rate. Additionally, Q3 quarter-to-date global CPMs are -16%, compared to the pre-COVID average. This is an improvement from Q2's -37%, and an impressive rebound from the March low of -70%.On top of this, checks suggest that budgets allocated to FB advertising could return to Q1 2020 levels in FY21. Helfstein added, "We see this further supported by Standard Media Index's August digital spending 18% year-over-year, the first month of growth since February, and positive SMB survey results from Borrell Associates."Representing another major component of Helfstein's bullish thesis, he argues FB Shops is benefiting from the COVID-19 tailwind, and could ultimately be a $25-50 billion revenue opportunity. To support this claim, he cites the shift
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Sep 25, 2020
Despite an already strong run, JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares have been powering on, with a gain of...
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Sep 25, 2020
Stocks rose Friday, closing sharply higher even amid a surge in coronavirus cases overseas and concerns over prospects of fiscal stimulus in the US.
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Sep 25, 2020
During times of uncertainty, investors crave a sure thing. There are times to be "risk-on" and there are times to be "risk-off." When investors flock to the latter, they often look for companies with no debt.That doesn't mean these stocks won't fluctuate with the overall market. But there is a level of comfort in owning stocks with financial stability.Look back at how most individual stocks performed in March. The market threw a tantrum and nearly every name was punished. But those that were punished the most are those with the shakiest financials.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPlus, who wants to own a stock with poor financial positioning? There's a reason people say "cash is king." * 7 Hot Stocks to Buy on Robinhood Now Here are 7 companies with no debt you need to know about: * Intuitive Surgical (NASDAQ:ISRG) * Pinterest (NYSE:PINS) * Monster Beverage (NASDAQ:MNST) * DraftKings (NASDAQ:DKNG) * Lululemon Athletica (NASDAQ:LULU) * Progyny (NASDAQ:PGNY) * Fastly (NYSE:FSLY)At the end of the day, the companies with the biggest bank accounts have the most flexibility, and can better withstand long economic disruptions. They can lean on M&A, taking investments stakes in other companies and outmuscling their debt-ridden peers. Companies With No Debt: Intuitive Surgical (ISRG)Source: Sundry Photography / Shutterstock.com Rarely do you see a balance sheet like that of Intuitive Surgical, making it a great candidates to kick off our list of stocks with no debt.The compa
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Sep 25, 2020
U.S. stocks staged a late day comeback but the Dow and S&P; still posted weekly losses.
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Sep 25, 2020
This year has accelerated emerging trends leading to many bankrupt companies. Prior to the novel coronavirus pandemic, sectors like energy and oil were falling out of favor to a degree. Clean energy and technology trends led to that shift. Price wars and the pandemic supercharged the decline in oil. Retail has been absolutely crushed, and the same is true of entertainment stocks. This has accelerated the decline of weaker stocks in those respective sectors. The result is that multiple equities are now on bankruptcy watch. * The 7 Best Stocks to Buy for the Fourth Quarter Investors have shown a lot of propensity for risk and somewhat surprisingly have flocked to these equities. What follows is a discussion of stocks that are in dire straits. This includes the following:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Oasis Petroleum (NASDAQ:OAS) * Remark Holdings (NASDAQ:MARK) * Twinlab Consolidated Holdings (OTCMKTS:TLCC) * CBL & Associates Properties (NYSE:CBL) * Dave & Buster's (NASDAQ:PLAY) * AMC Entertainment (NYSE:AMC)None of these names are truly bankrupt companies yet. In fact, some of them may bounce back. But if you're betting on a comeback in these stocks, remember that they will need to change fundamentally. Let's take a closer look at what's going on with each of these companies now. Future Bankrupt Companies: Oasis Petroleum (OAS)Source: Shutterstock Oasis Petroleum is in dire straits. After hiring bankruptcy lawyers and missing debt payments the i
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Sep 25, 2020
Sara Nelson, President of the Association of Flight Attendants says she is optimistic Congress will extend additional aid to the airlines before mass layoffs October 1.
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Sep 25, 2020
The rule of 70 is used to determine about how long it will take an investment to double in size while growing at a consistent rate of return. The rule is far from exact, but it can nonetheless help you … Continue reading -The post What Is the Rule of 70, and How Do You Use It? appeared first on SmartAsset Blog.
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Sep 25, 2020
On Friday, Novavax started its phase 3 coronavirus trial to test for safety and efficacy of its vaccine. This comes as AstraZeneca received partial immunity with the EU states saying that they will pay for part of the expenses if problems continue to arise with patients. Yahoo Finance's Anjalee Khemlani joins The Final Round to discuss the latest on the coronavirus.
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Sep 25, 2020
California's decision this week to pull the plug on the sale of new gas-powered cars and light trucks by 2035 is raising the ire of the Trump administration.
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Sep 25, 2020
Yahoo Finance's Akiko Fujita and Sibile Marcellus discuss how Barclays upgraded cruise stocks, boosting the sector, after months of pressure due to the coronavirus.
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Sep 25, 2020
Having a good credit score is beneficial, and an excellent score is even better. But what if you could achieve the perfect credit score? To attain the highest credit score there is, you'll need to have outstanding credit practices, meet … Continue reading -The post What Is the Highest Credit Score You Can Have? appeared first on SmartAsset Blog.
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Sep 25, 2020
Allied Motion Technologies Inc. (NASDAQ:AMOT) shareholders have seen the share price descend 11% over the month. But...
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Sep 25, 2020
It's been a couple of week now since SVB Leerink analyst Mani Foroohar cited worries about increased competition in the CVOID-19 vaccine race (200 vaccines in process, dozens in clinical trials), and mRNA-1273 lost "lead in clinical development" in deciding to downgrade Moderna (MRNA) stock to "underperform." A couple of weeks later... he's still not optimistic.Foroohar explains that mRNA-1273 still appears like it will prove to be an effective vaccine against coronavirus. The FDA is looking for vaccines to prove 50% "vaccine efficacy" at a minimum before approving them for Emergency Use Authorization (EUA). mRNA-1273 looks likely to clear that bar easily, with efficacy percentages trending to exceed 60%, and perhaps rise as high as 75% or better "in a best case scenario."How soon will we know for sure that mRNA-1273 makes the cut? Trial suspensions such as the one AstraZeneca suffered earlier this month when a patient in one of its Phase 3 trials suffered an adverse event could delay the process. But if all goes well, an initial "data readout" on the vaccine's efficacy could still arrive as early as November, assuming Moderna follows FDA recommendations to track patient outcomes for at least two months after receiving their second inoculation.Of course, in addition to efficacy, there's also "durability" to consider. Foroohar notes that it is currently unknown whether immunity to the novel coronavirus, conferred by mRNA-1273, will be permanent or require periodic booster shots. In Moderna's opinion, notes the analyst, "there is reason to believe that ... CO
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Sep 25, 2020
The sell-off in Nikola Corporation (NASDAQ: NKLA) since the Hindenburg Research report accusing the company of being an "intricate fraud built on dozens of lies" took a breather on Friday. Investors must now decide if the fraud allegations and the departure of chairman Trevor Milton is a long-term buying opportunity or if the worst is yet to come for the stock.The Bull Case: Earlier this week, Cowen analyst Jeffrey Osborne defended Nikola. Osborne said investors should understand that the optics of Milton's departure are terrible for the stock in the near term, but the resignation will help minimize distractions in the longer term."We believe Steve Girsky at the helm of the Board and Mark Russell and Kim Brady controlling the communications and narrative from management will set a more measured and less promotional tone with investors," Osborne wrote in a note.Osborne said he has known the Nikola team for nearly three years and he doesn't believe the company is a fraud. However, investors should understand it will take the company some time to build back investor trust.Osborne said Nikola's partnership with General Motors Company (NYSE: GM) was a major milestone for the company, and Cowen is anticipating production of Nikola's battery electric vehicles to begin in the fourth quarter of 2021.The Bear Case: Wedbush analyst Daniel Ives downgraded Nikola and said there are two reasons why risk for the stock is to the downside.First, Milton was the visionary for the company, and his departure changes the story moving forwar
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Sep 25, 2020
Clinical-stage biopharmaceutical company Sorrento Therapeutics (NASDAQ:SRNE) has been in the financial press recently, and not necessarily in a good way. In fact, a U.S. Food and Drug Administration (FDA) ruling from August undoubtedly made some SRNE stock holders wriggle in their seats.Source: Shutterstock As it turned out, Sorrento had an unexpected competitor for its Covid-19 saliva test. Specifically, Yale University was granted emergency use authorization from the FDA for its own Covid-19 test. Furthermore, Hindenburg Research reported that Yale's test would be given away for free.Likely as a result of this, Sorrento's stock price declined. Meanwhile, also in August, Sorrento filed an application with the FDA. Yet, this wasn't for a Covid-19 test, but instead was for the STI-1499 (Covi-Guard) antibody for hospitalized Covid-19 patients.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 ESG Stocks to Buy for a Brighter Future Also, Sorrento's application wasn't for emergency use authorization, but rather for an investigational new drug application. Clearly, in the wake of the Yale surprise, the stakes were high for Sorrento. Was the outcome all that Sorrento's stock holders would hope for? A Closer Look at SRNE StockBefore we delve into the nitty-gritty of the FDA's ruling, it's important to examine SRNE itself. What does its stock price tell us about the market's prevailing sentiment on this company?We already touched upon the Yale incident's possible impact on Sorrento's stock price
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Sep 25, 2020
Himax Technologies, Inc. (NASDAQ:HIMX), might not be a large cap stock, but it received a lot of attention from a...
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Sep 25, 2020
Sep.25 -- AFL-CIO President Richard Trumka says members will come out in large numbers to support Joe Biden on Election Day. Trumka appears on "Balance of Power."
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Sep 25, 2020
VANCOUVER, BC, Sept. 25, 2020 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) has scheduled a hearing to consider whether a Settlement Agreement entered into between IIROC staff and Paul Brum should be accepted.
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Sep 25, 2020
Satori Fund Founder & Portfolio Manager Dan Niles joins Yahoo Finance's Zack Guzman to discuss the recent market volatility amid the coronavirus pandemic.
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Sep 25, 2020
The Apple Watch Series 6 and Apple Watch SE are two compelling smart watches that offer their own individual features.
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Sep 25, 2020
With its stock down 15% over the past month, it is easy to disregard Teradyne (NASDAQ:TER). However, stock prices are...
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Sep 25, 2020
While the S&P 500 and a wide range of stocks continue their September slide, many investors are understandably jittery, wondering if a second market crash is coming this year. In response, they're searching for industries that can offer more stability, but also growth and income over the coming quarters. One such group are the so-called "sin stocks," which benefit when humans indulge in vices.Although there may be different definitions of sin stocks, these businesses include those in alcohol, tobacco, cannabis, gambling, adult entertainment, weapons and defense industries. What is viewed as a sin stock today may also change over time.Recent research by David Blitzo of Robeco Asset Management in Rotterdam, the Netherlands, and Frank J. Fabozzi of EDHEC Business School in Nice, France, highlights how "various studies … [of] the historical performance of sin stocks … [show] they have delivered significantly positive abnormal returns."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is to say, sin stocks outperform the broader market time and again, and that isn't based on one study; it's based on many studies, by different researchers at different times.Sales figures from companies back up the anecdotal evidence that even in economically difficult periods, tobacco and alcohol consumption remain fairly stable. In fact, during the early weeks of the pandemic, alcohol sales in the U.S. increased by 27%. * 7 Hot Stocks to Buy on Robinhood Now Therefore, for investors whose convictions allow them to
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Sep 25, 2020
The regulator asked the U.S. Ninth Circuit Court of Appeals for an "en banc" hearing before an 11-judge panel. Last month, a three-judge panel at the appeals court reversed a lower court decision against the San Diego-based company, the largest supplier of chips for mobile phones and a major source of wireless communications technology for 5G networks. The U.S. Ninth Circuit Court of Appeals also vacated an injunction that would have required Qualcomm to change its intellectual property licensing practices.
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Sep 25, 2020
Hydrogen fuel cells have gained a lot of traction in the ever-evolving alternative energy space. One of the major players in the business is Plug Power (NASDAQ:PLUG), which is pushing the boundaries in the industry. Despite a 160% growth in sales in the past two years alone, it is yet to turn a profit since its inception. However, its vertical integration strategies in the green hydrogen realm could be a significant catalyst for future growth. Nevertheless, its fuel cell business continues to lose ground to batteries. Hence, PLUG stock is a risky bet at this stage.Source: Alexander Kirch / Shutterstock.com Plug Power's second-quarter results came in ahead of expectations. Margins and volumes improved on the back of record gross billings. Despite the impressive results, earnings were still in the negative with record levels of cash burn.On top of that, you have Tesla (NASDAQ:TSLA) and other tech giants investing heavily in batteries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTherefore, it's tough to bet on PLUG stock at this point. A Strong Quarter but Still No ProfitsPlug Power has done exceedingly well to increase its revenue over the past seven years. However, despite the consistent increase in sales, it has struggled with its net profits, which have gotten progressively worse. * 7 Hot Stocks to Buy on Robinhood NowThis is apparent in its second-quarter results, where it posted gross billings over $72.4 million. Overall revenue improved 67% sequentially from the first quarter. Despite the stellar reve
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Sep 25, 2020
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
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Sep 25, 2020
Let's talk about the popular Pinduoduo Inc. (NASDAQ:PDD). The company's shares saw significant share price movement...
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Sep 25, 2020
The gold markets have broken down significantly during the trading week, slicing through the $1900 level.
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Sep 25, 2020
If you want a silver lining for the recent weakness in the S&P 500, look no further than Workhorse (NASDAQ:WKHS). The momentum darling has fallen alongside the market, creating quite an attractive buying opportunity. Consider it a second chance of sorts for those that missed the epic breakout from early-September.Source: Photo from WorkHorse.com The rapid rise from $20 to $30 left many would-be buyers behind. They were relegated to watching others' gains pile up from afar. Until now, that is. To any who've been begging for the market gods to return Workhorse to its breakout point, to give them a second crack at jumping in -- your prayers have been answered. The WKHS Stock Chart Is At SupportSource: The thinkorswim® platform from TD Ameritrade Profit-taking finally emerged on Monday, and prices have been retreating ever since. The four-day drop has pushed the stock down nearly 30%. But don't let the size of the number mislead you. Given how much prices had risen before this week's whack, we're talking about nothing more than a garden-variety retracement to the rising 20-day moving average.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks to Buy on Robinhood Now Thursday finally saw buyers fight back. Despite a full-on shoving match, the session ended with a neutral candle that signals the downside momentum is waning.The location and timing of bulls returning is hardly surprising. Dip buyers are always loitering near the 20-day average, waiting to stri
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Sep 25, 2020
Yahoo Finance's On the Move panel discuss today's Stocks on the Move: Cruise stocks and DraftKings.
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Sep 25, 2020
TikTok downplayed Chinese communist party links in its latest Australia hearing, according to Bloomberg. Yahoo Finance's On The Move panel discuss.
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Sep 25, 2020
Costco does the right thing during COVID-19 but Wall Street is having none of it.
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Sep 25, 2020
The electric-vehicle boom has its foot firmly on the gas. While some of the top EV stocks look at bit toppy {Tesla (NASDAQ:TSLA) and Nio Inc. (NYSE:NIO), for example}, they can still climb a great deal further. That's especially true for Workhorse Group (NASDAQ:WKHS) stock.Source: rblfmr / Shutterstock.com The last time I weighed in on WKHS stock, I said, "I believe.. {the} stock could double with a good deal of patience for a few reasons, including the EV boom, solid contracts, and an $18 billion last-mile delivery opportunity."That was on Aug. 26, as WKHS stock traded at a low of $17.03. Shortly afterwards, Workhorse jumped to a high of $30.99 before pulling back with the broader market. However, with patience, I strongly believe the stock could double from its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter all, it has very solid catalysts that should give the shares plenty of horsepower. The EV Boom Shows No Signs of SlowingGlobal demand for EVs is only expected to grow. * 7 Hot Stocks to Buy on Robinhood Now According to the International Energy Agency, we could see about 130 million EVs on the road by 2030, a monumental move from 5.1 million in 2018.And, according to The New York Times contributor Jack Ewing, traditional car companies are playing catch up to big-named EV companies like Tesla. "The traditional carmakers' best hope to avoid oblivion will be to exploit their expertise in supply chains and mass production to churn out economical electrical cars by the milli
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Sep 25, 2020
Is the correction over? It may not look that way yet in some market indices -- and many stocks for that matter. But under the surface, the Nasdaq Composite and many of its most influential tech stocks' price charts are warning otherwise and advising investors it's nearly time to buy more smartly.If you're a superstitious kind of investor, the proposition of the market having bottomed isn't going to be an easy one to accept. The Nasdaq Composite's corrective loss does stand at the numerologically unlucky 13%. That low also formed over 13 days. And of course, investors are still faced with the month of October. Boo!Still, there is solid evidence indicating a low has formed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe fact is most corrections don't grow into full-blown bear markets. And 13% isn't a run-of-the-mill pullback unworthy of becoming an intermediate low. Also and appreciatively, the VIX -- or fear index -- has optimistically warned investors that overly confident bulls have been sufficiently spooked.Of course some may see the massive disconnect between a still-struggling Main Street and a Wall Street fueled by the Federal Reserve and a handful of trillion-dollar, hyper-influential growth stocks and believe it has to get uglier first. That's understandable, but the reality is it doesn't. * Tesla (NASDAQ:TSLA) * Apple (NASDAQ:AAPL) * Nvidia (NASDAQ:NVDA)In all fairness, what is needed to confirm the Nasdaq's bottom is a market-based follow-through day. The bullish price and volume indicator has proven a robust one withou
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Sep 25, 2020
Every investor in People's United Financial, Inc. (NASDAQ:PBCT) should be aware of the most powerful shareholder...
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Sep 25, 2020
Toronto, Canada-based Just Energy Group (JE) is a natural gas and electric utility -- not the sexiest kind of business in the world, in other words. Detracting further from its attractiveness, Just Energy is only an occasionally profitable business, having lost money in three of the past six quarters, and made money in the other three, but overall, having lost $287 million more than it made.So why did Just Energy stock double in Thursday trading, closing at $0.56 per share?The answer is that on Wednesday, Just Energy announced that the U.S. Federal Energy Regulatory Commission (FERC) finally gave its blessing to the Company's previously announced "Recapitalization Transaction," whereby $320 million of the company's debt load (comprising both convertible debt and preferred shares) will be converted into common stock, $75 million in new capital will be injected into the company, and $410 million in other debt will have its due dates for repayment pushed back.Just Energy is also settling litigation related to its 2018 acquisition of Filter Group, and conducting a reverse split of its shares such that for every 33 shares of Just Energy a shareholder owns today, after the "split" (which is actually more of a consolidation) such shareholder will receive just 1 new share of the company. When all's said and done, promises Just Energy, it will emerge with a stronger and "de-risked" business model that will "position Just Energy for sustainable growth as an independent industry leader" and ensure it has the "financial flexibility" to su
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Sep 25, 2020
It may be hard to stop an onslaught of electric motorcycles into the future as the country focuses on ways to combat climate change.
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Sep 25, 2020
After bottoming at $10 earlier this month, investor interest soared in the last week for Inovio Pharmaceuticals (NASDAQ:INO). The company posted a corporate overview on its DNA medicines, increasing buying volume in INO stock.Source: Ascannio / Shutterstock.com What did Inovio say about its DNA Medicines?In Inovio's investor presentation, the company highlighted its proprietary smart device delivering plasmids. Already, it demonstrated a safe and robust immune response in more than 2,000 patients.InvestorPlace - Stock Market News, Stock Advice & Trading Tips DNA Medicine Lifts INO StockThe main DNA vaccines highlighted (slide 3) include the INO-4800, a Covid-19 vaccine. This vaccine showed long-term protection against live viruses in non-hospitalized patients 13-weeks after vaccination.Inovio's INO-4700 is the first vaccine for Middle East Respiratory Syndrome in Phase 2. This is a highly fatal virus. So, if Inovio continues to post positive developments from the clinical results, biotech investors will continue buying Inovio stock. * 7 Hot Stocks to Buy on Robinhood NowIn the DNA immunotherapy space, Inovio's VGX-3100, which treats human papillomavirus (HPV), is in a Phase 2B trial. VGX-3100 is in Phase 3 clinical trials for treating precancerous cervical dysplasia. Risks to ConsiderChief Executive Officer Joseph Kim boasted on the presentation that none of its vaccine candidates ever have to be frozen. It may have five-year stability and shelf-life dating. But the most important aspect of its prophylactic vaccines i
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Sep 25, 2020
GoodRx, widely known for its discounts at the point of sale for prescriptions, is looking at the value the market is providing the industry -- and wants a slice.
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Sep 25, 2020
Yahoo Finance's Jessica Smith joins the On the Move panel to discuss the latest on a Stimulus Bill deal as well as Pres. Trump's stance on transfer of power.??
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Sep 25, 2020
If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can do a lot better...
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Sep 25, 2020
If anyone had told you in January what this year would have in store, you would have worried about their mental condition. Now, we're all worrying about our own.A crazy market. The terrible toll of the novel coronavirus. A brutal election campaign. Lockdowns. Huge unemployment. The race for a vaccine.And that's just the tip of the iceberg.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo far, September has been more about profit taking as the third quarter winds down rather than extending the rally. The challenge is, since the stock market is forward looking, seeing six months down the road is getting a bit tougher to see.Will there be a vaccine? Who will win the elections? Will there be a second wave along with the regular flu season? * 7 Hot Stocks to Buy on Robinhood Now Investors are taking some profits off the table. But there are still some stocks you can buy now that will continue to run thanks to more fundamental trends. These are the seven best stocks to buy for the fourth quarter and beyond: * Salesforce (NYSE:CRM) * Etsy (NASDAQ:ETSY) * PennyMac Financial Services (NYSE:PFSI) * Shenandoah Telecommunications (NASDAQ:SHEN) * Shutterstock (NYSE:SSTK) * Stamps.com (NASDAQ:STMP) * Zoom Video Communications (NASDAQ:ZM) Stocks to Buy: Salesforce (CRM)Source: Bjorn Bakstad / Shutterstock.com One of the pioneers in enterprise management software for customer resource management (CRM), it now is the dominant player in this space and has been expanding its base and capabilities for nearly two decades now.Basicall
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