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Jan 19, 2020
What is the most shorted stock on Wall Street, you ask? Just beating out Apple for the top spot, it is Elon Musk's Tesla (TSLA). $14.5 billion have been borrowed by investors in order to bet against the electric car manufacturer, apparently.The news is not very surprising as Tesla is one of the most polarizing companies out there. Hardly ever out of the headlines, most Wall Street observers have an opinion on what the future holds for the automobile industry disruptor.Earlier this week, Tesla notched an all-time high, closing Tuesday's session at $537.92. The figure rounds out an extraordinary six months that has seen Tesla leave behind 2019's initial troubles and virtually double its share price since the start of October. So, where is Tesla headed? This week, analysts have been throwing the hat in, offering takes on the electric vehicle company from all possible angles, with the most recent rating being a downgrade. In this article, we'll take a look at three different ratings from the analysts.The SellRunning with the bears is Morgan Stanley's Adam Jonas. Today, the 4-star analyst downgraded his rating on TSLA from Hold to Underweight, although he did raise his price target from $250 to $360. The new target implies downside of 29%. (To watch Jonas' track record, click here)While acknowledging Tesla's delivery beats and the progress of the company's massive production facilities in China, Jonas believes Tesla's recent surge is unsustainable. Jonas said, "Near-term momentum and sentiment around the stock is adm
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Jan 19, 2020
Could Public Joint Stock Company Gazprom (MCX:GAZP) be an attractive dividend share to own for the long haul...
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Jan 19, 2020
(Bloomberg Opinion) -- On the face of it, the Phase One trade deal signed between the U.S. and China last week looks set to provide a big boost to American oil and gas producers who need to develop new export markets. Just how well they fare against exporters who are much closer to the world's biggest energy importer may depend as much on economics as on politics.The energy trade section of the deal signed on Jan. 15 commits China to increasing its purchases of American energy products — crude oil, refined products, liquefied natural gas and coal — from levels seen in 2017, a high-point for U.S. exporters before the trade war began to hamper bilateral relationships. The countries agreed that shipments should increase from the 2017 level by no less than $18.5 billion this year and be at least $33.9 billion above the same baseline in 2021.U.S. producers need to develop new export markets to soak up production that is still growing faster than domestic energy needs. That over-supply is capping domestic crude and natural gas prices and hurting their bottom lines.Back in the baseline year of 2017, before China retaliated to the first wave of U.S. tariffs on its exports, American exporters shipped $9 billion worth of energy-related products to China, according to the International Trade Commission. Crude oil exports reached 78.7 million barrels, according to the commission, or 81.8 million barrels, according to data from the Energy Information Administration.According to the EIA, crude accounted for half of all U.S. oil exports to
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Jan 18, 2020
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.
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Jan 18, 2020
McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report.
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Jan 18, 2020
It's a mixed start to the day. A Bitcoin move through to $9,000 would spur a rally…
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Jan 18, 2020
The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels.
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Jan 18, 2020
At two of them, the shares were sold in recent secondary offerings. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. The following are a few of significant insider purchases reported last week, all small-cap biotechs.
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Jan 18, 2020
China's legion of electric vehicle manufacturers are looking to seize a piece of the global EV market which could potentially lead to a new front in the ongoing trade war
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Jan 18, 2020
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software leader and a discount airline. Bearish calls included an electric vehicle giant ...
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Jan 18, 2020
This weekend's Barron's cover story explains why Dow 30,000 is just the start. Other featured articles offer a close look at stock picks from some Barron's Roundtable panelists. Also, the prospects for ...
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Jan 18, 2020
The stock market is continuing its decade-long bull run, with all three of the major indices ending Friday's trading session at record closes. So why are some potential investors staying on the sidelines?
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Jan 18, 2020
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.
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Jan 18, 2020
Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter. McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report.
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Jan 18, 2020
Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast
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Jan 18, 2020
For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...
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Jan 18, 2020
If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...
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Jan 18, 2020
Today we will run through one way of estimating the intrinsic value of Horizon Therapeutics Public Limited Company...
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Jan 18, 2020
Dividend paying stocks like CVS Health Corporation (NYSE:CVS) tend to be popular with investors, and for good reason...
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Jan 18, 2020
The big U.S. banks reported earnings for the fourth-quarter of 2019, seeing decent top-line growth as a result of a strong U.S. consumer. But the bottom line earnings were helped by share buybacks.
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Jan 18, 2020
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
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Jan 18, 2020
U.S. homebuilding soared to a 13-year high this past December.
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Jan 18, 2020
Today we are going to look at The Williams Companies, Inc. (NYSE:WMB) to see whether it might be an attractive...
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Jan 18, 2020
Pembina Pipeline Corporation (TSE:PPL) stock is about to trade ex-dividend in 4 days time. You will need to purchase...
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Jan 18, 2020
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Brian Moynihan took over Bank of America Corp. in chaos.Moynihan inherited a bank that was on the brink of extinction, hobbled by the collapse of the U.S. housing market. It faced lawsuits and public criticism and paid the most fines, $76.1 billion, of any bank from 2009 to 2019, according to the U.S. House Financial Services Committee.Marking his 10 years at the helm this month, the chief executive officer can tout a remarkable turnaround, including a 130% gain in its share price, $88 billion in share buybacks and dividends, and a swing from multibillion-dollar losses to record profits.Moynihan, 60, spoke in a Jan. 9 interview in his 50th floor office overlooking Bryant Park in New York City. Comments have been edited and condensed.How did the company recover from the financial crisis?When I talk to people who are taking over companies during times of stress, I always say you have to keep going with the core business. While we had people dealing with mortgages, we had people working the core businesses at the same time. The earnings power was always there, and we knew it.It's a decade-long transformation. You can't do this overnight. It takes years to get it done and it takes lots of investment. And we have to be client-focused.You've been a wartime president and a peacetime president. Which is better, and why?You're always a peacetime president. Whatever the issue was at the moment, the whole time we had hundreds of thousands of talented teammates working on the peacetime delivery. The idea is just to do the work. The No. 1 issue for a person in a time of stres
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Jan 18, 2020
Lennar Corporation (NYSE:LEN) stock is about to trade ex-dividend in 4 days time. You can purchase shares before the...
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Jan 18, 2020
Natural gas markets dipped a below the two dollars level momentarily during the day on Friday, as the natural gas markets continue to struggle. This being the case, there is nothing good looking about this chart, and as a result it's likely that the market will continue to be miserable.
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Jan 18, 2020
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. India's government has scoffed at Amazon.com Inc. founder Jeff Bezos' offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that's been accused of predatory business practices.Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi and touted his efforts to help digitize small and medium enterprises. The investment would bring Amazon's bet on the Indian market to about $6.5 billion. Goyal told a gathering of foreign ministers from around the world he welcomed an investigation into the company's alleged "predatory pricing and unfair trade practices.""They may have put in a billion dollars," Goyal said at the Raisina Dialogue in New Delhi on Thursday. "But then if they make a loss of a billion dollars every year, then they jolly well have to finance that billion dollars. So it's not as if they are doing a great favor to India when they invest a billion dollars."Bezos has attracted significant opposition during a tour of India intended to underscore its importance as a growth driver for Amazon. The country's antitrust regulator initiated a formal investigation hours before his arrival, and retailers affiliated with the Confederation of All India Traders organized sit-ins and public rallies in multiple cities to protest Amazon's traditional cut-price approach and exclusive-selling practices.Outside the venue of Amazon India's
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Jan 18, 2020
Does the January share price for Dropbox, Inc. (NASDAQ:DBX) reflect what it's really worth? Today, we will estimate...
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Jan 18, 2020
Jeff Immelt is GE's fall guy so he is writing a book to tell his side of the story.
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Jan 18, 2020
Microsoft announced Thursday a new plan to not only become carbon negative by the end of the decade but to remove from the environment all the carbon it has produced since 1975. Microsoft is perhaps the "most powerful" company in the world, especially in terms of data centers, the CNBC host said. Cramer said later on in the day during his "Mad Money" show that Microsoft is leading the way in how companies balance profits with broader obligations.
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Jan 18, 2020
Here's a look at Bank of America's list of eight stocks to buy with clear near-term catalysts between now and the end of the first quarter. Analyst David Barden says there are plenty of things to like about AT&T in 2020. Barden says the stock is also trading at a heavy discount to the overall market.
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Jan 18, 2020
After almost two years of back-and-forth tariffs and a lot of tough talk, a phase-one trade deal between the U.S. and China is officially in the books. In the deal, China has agreed to stop forcing American companies to transfer technology as a condition of doing business there and to crack down on intellectual property thefts. Yahoo Finance's Dan Howley talks to Julie Hyman, Adam Shapiro and Andy Serwer as well as Oliver Pursche of Bruderman Asset Management.
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Jan 18, 2020
Global pharmaceutical majors and generic drugmakers chopped by 53% on average prices of some of their off-patent products in the latest bidding round under China's national bulk-buy program, government officials said late on Friday. Beijing has been pushing forward the program where drugmakers have to go through a bidding process and cut prices low enough to be considered over generic copies and be allowed to sell their products at public hospitals via large-volume government procurement. Some global firms such as AstraZeneca and Merck have already cautioned about intensifying price pressures on their mature brands in the world's second largest drug market, as China expands the usage of the program.
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Jan 17, 2020
If you're one of some 69 million Americans who receive Social Security or SSI benefits, you'll notice some changes in 2020. Here are four.
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Jan 17, 2020
Four Los Angeles-area schoolteachers who were doused with jet fuel dumped by a Delta Air Lines plane in the minutes before it made an emergency landing sued the airline on Friday, accusing the flight crew of negligence. The plaintiffs say the pilot of the Delta Flight 89, which took off from Los Angeles International Airport (LAX) on Tuesday bound for Shanghai, failed to follow proper procedures in dumping thousands of pounds of fuel over a densely populated area at relatively low altitude. A Delta spokesman declined to comment on the lawsuit, which was filed in Los Angeles County Superior Court and seeks unspecified damages.
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Jan 17, 2020
(Bloomberg) -- McDermott International Inc. is preparing to file for bankruptcy as soon as next week to address its more than $4 billion debt load, according to people with knowledge of the matter.The Houston-based company, which builds oil platforms and gas-export plants for energy producers, is negotiating a restructuring plan that could see its debt converted into equity with existing term-loan lenders getting the majority of the shares, said the people. Unsecured creditors would receive less than 10% of the equity along with warrants, one of the people said.The terms of the restructuring are still being negotiated and could change, according to the people, who asked not to be identified because the talks are private. Baupost Group and HPS Investment Partners may provide a bankruptcy loan of about $2 billion, the people said.Representatives for McDermott and HPS declined to comment. A representative for Baupost didn't immediately respond to requests for comment.McDermott has been under significant pressure since September, when its stock and bonds plunged on news that it had hired turnaround advisers. The company has struggled to integrate its acquisition of Chicago Bridge & Iron Co. and clear a backlog of projects, crimping earnings.Late last year the company secured part of a $1.7 billion rescue financing package and entered into a forbearance agreement with some of its lenders, but that relief period expired Jan. 15. Its credit agreements were amended so that acceleration of its bo
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Jan 17, 2020
Jeff Immelt is GE's fall guy so he is writing a book to tell his side of the story.
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Jan 17, 2020
(Bloomberg Opinion) -- Five years ago, in a routine display of trash talking, Tesla Inc.'s Elon Musk made a now infamous quip about how hard it is to manufacture automobiles."Cars are very complex compared to phones or smartwatches,'' he told German newspaper Handelsblatt. "You can't just go to a supplier like Foxconn and say: Build me a car."He may be proven wrong. Foxconn Technology Group, through its Hon Hai Precision Industry Co. unit, will establish a joint venture with Fiat Chrysler Automobiles NV, the Taiwanese company said in an exchange filing Thursday. While not yet signed, they expect their 50-50 enterprise will "develop and manufacture electric vehicles and engage in IOV (internet of vehicles) business," referencing a growing ecosystem of connected cars that share location, weather, traffic and vehicle information.Hon Hai would be responsible for design, components and supply chain management, Chairman Young Liu told Debby Wu of Bloomberg News. Foxconn might not actually do final assembly, he said.If you've ever visited Foxconn's global headquarters on the outskirts of Taipei, you'd know that the prospect of the company designing cars is disconcerting. It truly is one of the ugliest office buildings in the world. So let's hope Fiat Chrysler takes the driver's seat on that.However, components, supply chain management, and manufacturing are right up Foxconn's alley. The company makes most of Apple Inc.'s iPhones and iPads, as well as a lot of the electronics that go into cars, including Teslas.Tesla's then-head of vehicle enginee
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Jan 17, 2020
Best Buy's board is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer reports the Wall Street Journal. The allegations were sent to the board in an anonymous letter dated Dec. 7.
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Jan 17, 2020
I believe 2020 will be a transition year for the stock market; that is one reason why I like Ford Motor (F). Its high dividend yield (6.6%) and low valuation (priced at less than 7 times forward earnings) should appeal to value investors, asserts Jim Pearce, growth and income expert and editor of Investing Daily's Personal Finance.
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Jan 17, 2020
Q4 2019 Schlumberger NV Earnings Call
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Jan 17, 2020
2019 brought the fake meat trade front and center. What's next in the food space? AccelFoods is an early-stage venture fund investing in consumer products, including, high-quality food and beverage companies. Jordan Gasper, Managing Partner at AccellFoods, joined The Final Round to discuss.
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Jan 17, 2020
With politicians on both sides of the aisle calling for drug price controls, and a number of the Democratic candidates calling for "Medicare for all," it has been a challenging environment for a host of medical sectors, suggests income expert Chuck Carlson, editor of DRIP Investor.
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Jan 17, 2020
Today we are going to look at YUM! Brands, Inc. (NYSE:YUM) to see whether it might be an attractive investment...
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Jan 17, 2020
(Bloomberg Opinion) -- Today's Food and Drug Administration moves much faster than it used to. That may not always be a good thing. A review of drug approvals by the agency from researchers at Harvard Medical School released Tuesday found that the FDA is approving drugs more rapidly with weaker evidence than it did in the past. That can be beneficial when it leads to needed medicines getting to market quickly, and I believe that's the agency's intent. As the study's authors highlight, however, this emphasis on speed and flexibility could be eroding standards. It may be time for a gut check.The gold standard for demonstrating efficacy — and the surest way of winning drug approval — is to demonstrate success in large, well-controlled studies that result in a hard outcome. But there are faster ways to get to market. In 1992, Congress created the accelerated approval program, which can green light medicines based on "surrogate" endpoints that predict rather than confirm benefit for patients, or those that have shown a shorter-term benefit. It's one of several initiatives that have changed how the agency works. According to the study, 80.6% of approvals between 1995 and 1997 were supported by at least two pivotal trials. That number dropped to 52.8% between 2005 and 2017. Companies that get accelerated approval have to prove their drug works with a confirmatory trial in order to gain full approval, but there's no hard timetable no when that must be done. Thus, drugmakers often don't hurry to conduct those tests. This is problem
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Jan 17, 2020
(Bloomberg Opinion) -- Peak gold production is looking a little more distant. Global supply of the yellow metal has been inexorably approaching its high-water mark, as ore is extracted faster than new discoveries are made. Mines have been aging fast. A sustained price rally can change that picture, as investors rekindle their enthusiasm for large-scale exploration and technological innovation. Bullion miners' margins will benefit.Gold is coming out of a long period in the investor wilderness. Last year marked the biggest annual gain in prices since 2010. It broke through $1,570 last week — the highest in almost seven years. Gold prices are driven by factors that aren't always predictable, but there's certainly scope to go higher, with interest rates low and geopolitical tensions simmering. Holdings of gold in exchange-traded funds, popular with retail investors, are near 2012's lofty levels. Central banks remain buyers too.This isn't a repeat of 2011, when gold cracked a gravity-defying $1,900 per ounce — at least, not yet. The all-time high remains some way off, despite a handful of analysts already pointing to $2,000 gold. But the impact of higher prices is already trickling down. All-in sustaining cash costs remained at around $934 per ounce for the largest producers in the third quarter of 2019, according to Bloomberg estimates. The industry measure, though rising, makes for healthy margins. Barrick Gold Corp., for example, reported third-quarter free cash flow of $502 million, compared to $55 million in the previous three months.L
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Jan 17, 2020
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
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Jan 17, 2020
The fashion house announced a deal with Lucara Diamond Corp., which unearthed the 1,758-carat Sewelô diamond from a mine in Botswana last April.
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Jan 17, 2020
Advanced Micro Devices, Inc. (NASDAQ: AMD ) announced Thursday that it hired Daniel McNamara as senior vice president and general manager of its server business unit. McNamara most recently worked with ...
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Jan 17, 2020
Boeing shares slumped after the company reported that it found a new software issue in the 737 Max jet. The Final Round discusses the impact that these new software issues have on the company going into 2020 after its mechanical failures in 2019.
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Jan 17, 2020
The issue is reportedly related to a software power-up monitoring function.
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Jan 17, 2020
The Wall Street Journal reported that the letter, dated Dec. 7, claimed Barry had a romantic relationship for years with former Best Buy Senior Vice President Karl Sanft. Best Buy said the audit committee of the board has retained outside counsel, Sidley Austin LLP, to conduct the review.
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Jan 17, 2020
As the gig economy is expected to double in value over the next several years, it is important for investors to keep an eye on some promising investment opportunities within this space Continue reading...
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Jan 17, 2020
(Bloomberg) -- Boeing Co. has identified a new software flaw in the grounded 737 Max that will require additional work, possibly further delaying the plane's return to service.The company alerted the U.S. Federal Aviation Administration and is notifying customers and its suppliers, it said in an emailed statement. Boeing's best-selling jet was grounded on March 13 after two fatal crashes involving a flight-control system.The issue involves how software on the plane checks itself to ensure it's receiving valid data, said a person familiar with the issue who wasn't authorized to speak publicly about it. It occurs when the system is initially starting up, the person said."We are making necessary updates and working with the FAA on submission of this change, and keeping our customers and suppliers informed," Boeing said in its statement. "Our highest priority is ensuring the 737 MAX is safe and meets all regulatory requirements before it returns to service."The FAA didn't comment directly on the latest issue to arise on the problem-plagued plane. "We continue to work with other international aviation safety regulators to review the proposed changes to the aircraft," the agency said in an emailed statement. "Our first priority is safety, and we have set no time-frame for when the work will be completed."The 737 Max is costing the plane-maker billions of dollars in losses. The software problem was discovered during the final validation review process of the updates being installed on the plane, the person said.It's unclear how time-consuming the repair will be. Software systems on aircraft require a far higher degree of reliability and checks before approval compared to consumer products. But th
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Jan 17, 2020
China -based Luckin Coffee Inc (NASDAQ: LK ) is blessed with the opportunity of selling coffee in a country with a population of more than 1 billion. The case for liking the Starbucks Corporation (NASDAQ: ...
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Jan 17, 2020
Yahoo Finance's Myles Udland previews upcoming World Economic Forum taking place in Davos-Klosters and predicts what investor sentiment will be from attendees.
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Jan 17, 2020
Defense lawyers argue a senior executive of the Chinese tech giant Huawei should not be extradited to the U.S. because her actions would not be considered crimes under Canadian law. The extradition hearing for Huawei chief financial officer Meng Wanzhou is scheduled to begin Monday. Meng, the daughter of the company's founder, faces charges of committing fraud to try and evade U.S. sanctions on Iran.
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Jan 17, 2020
Once again, we're heading into earnings season. All publicly traded companies are required by law to disclose their revenues, earnings, and other financial data quarterly, and the reports generally start coming in a few weeks after each calendar quarter ends. And now it's time for the Q4 2019 reports to start coming in.Earnings season always generates a spate of analyst predictions, and this time is no different. Looking back, market watchers note that 2019 saw a series of lackluster quarters - that nevertheless did not impede stock performance. Companies compensated by reducing their forward guidance and then clearing that lower bar.So far, it seems that this is likely to happen once again. Bank of America's securities strategists wrote, "We expect to see a 2% beat in 4Q earnings. Estimates have reset sufficiently, in our view." At the same time, analysts are expecting stock prices to continue rising, with any pullback likely to be both shallow and short-lived.Ahead of the earnings releases, three market giants have received recent upgrades or price-target hikes from top analysts. Rating upgrades are important, as they indicate a positive change in the likely direction a stock will take - and their timing is important, too, as an upgrade shortly before an earnings release will push investor expectations. Using TipRanks' Stock Comparison tool, we lined up the three alongside each other to give us an idea of what the Street thinks is in store for the trio in the year ahead. American Electric Power (AEP)American Electric Power
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Jan 17, 2020
A new report from the National Institute on Retirement Security has found that 40 percent of retirees rely entirely on social security for income during retirement. Bone Fide Wealth President, Douglas Boneparth joins Yahoo Finance to discuss this report.
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Jan 17, 2020
Analysts at UBS downgrading the stock to "neutral" saying they see the company at a "bit of a crossroads" entering 2020, in terms of capitalizing on opportunities like the Olympics, European football championship and the U.S. election, while keeping the network safe and secure.
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Jan 17, 2020
The Wall Street Journal reported that the letter, dated Dec. 7, claimed that Barry had a romantic relationship for years with former Best Buy senior executive Karl Sanft. Both Barry and Sanft joined the firm more than two decades ago. While Barry became the finance head in 2016 and CEO in June last year, Sanft, according to his LinkedIn profile, was senior vice president of U.S. retail operations until March last year.
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Jan 17, 2020
Boeing is working to fix a newly discovered problem with software powering up on the 737 Max, adding to the list of tasks the aircraft maker faces to get the grounded plane back in the air. Boeing said Friday it has told the Federal Aviation Administration about the issue. "We are making necessary updates and working with the FAA on submission of this change, and keeping our customers and suppliers informed," Boeing said in a statement.
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Jan 17, 2020
As yet another streaming service enters the heavily saturated space, one Wall Street analyst says consumers might be starting to feel streaming fatigue.
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Jan 17, 2020
5G phones are the next wave of technological innovation that many people are keeping their eyes on. Yahoo Finance's Dan Howley joins The Final Round to discuss the new 5G phones, coming in 2020, and why it might not be the best investment to make.
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Jan 17, 2020
Boeing's stock is slumping, as ABC News reports there is another software issue for the embattled 737 Max plane. Yahoo Finance's Seana Smith discusses with Jared Blikre and Dan Roberts on The Ticker.
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Jan 17, 2020
For a boring company like Cisco Systems (NASDAQ:CSCO), it enjoyed a solid performance in 2019. Last year, Cisco stock returned nearly 17% for stakeholders. Granted, it's not an earth-shattering figure. As a telecommunications equipment specialist, Cisco isn't exactly a sexy organization. However, it's a name you may want to keep in the backburner.Source: Anucha Cheechang / Shutterstock.com Before I get into the bullish argument for Cisco stock, let me acknowledge the reservations many investors have. To start off, some folks are skeptical of the underlying company's growth narrative. As an example, Cisco generated top-line sales of $13.2 billion in the most recent quarter ending Oct. 31, 2019. That represented only a modest 0.7% lift from the year-ago quarter.Now, no one is suggesting that Cisco stock is a growth monster. But without an overriding catalyst, it's hard to get the markets excited about the networking giant. That's probably one of the reasons that led to the rather choppy trading in shares last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBack in mid-July 2019, Cisco was up 40% for the year. But quickly thereafter, shares tumbled. The volatility continued when management reported its results for its fiscal fourth quarter of 2019. Although the company beat on both the top and bottom lines, it disclosed disappointing guidance for fiscal Q1 2020. * 10 Cheap Stocks Under $10 to Buy for 2016 With the see-sawing price action of Cisco stock, several investors elected to stay on the sidelines. While it's difficult t
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Jan 17, 2020
International Business Machines Corporation (NYSE: IBM ) is now less likely to generate long-term revenue growth without a meaningful shift in its portfolio, according to Morgan Stanley. The IBM Analyst ...
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Jan 17, 2020
Popular crypto Twitter account Whale Alert sent out a tweet yesterday warning users that 123,447 BTC - worth around $1.1 billion - was on the move from an unknown wallet. Whale Alert tweeted: ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? 123,447 BTC (1,097,343,503 USD) transferred from unknown wallet to unknown wallet Tx: https://t.co/LhtaWPMrxI -- Whale Alert (@whale_alert) January 15, 2020 The Bitcoin, transferred at 11pm on January 15, prompted many Twitter users to speculate that the funds belonged to Craig Wright. Wright has allegedly received the keys to encrypted databases which detail how much Bitcoin he holds, and is allegedly waiting for the private keys to unlock his wallets any day now. However, it has since emergedThe post More than 123,000 Bitcoins moved in single transaction appeared first on Coin Rivet.
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Jan 17, 2020
With oil prices crashing despite growing tensions across the Middle East, Oilprice.com has interviewed an oil industry veteran and CEO to explain the current trends in the oil market
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Jan 17, 2020
In a candid conversation Twitter CEO Jack Dorsey asked Tesla Founder Elon Musk for advice on about his social media platform.
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Jan 17, 2020
Xilinx Inc. tops the list Continue reading...
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Jan 17, 2020
(Bloomberg) -- Major technology and internet companies have long fueled the U.S. stock market's climb to record levels, but that trend has come with one notable exception: Amazon.com Inc., which has languished in a fairly narrow trading range for months.Amazon shares haven't notched an all-time high since September 2018, in contrast to mega-cap peers like Apple, Microsoft, Alphabet and Facebook, which have been hitting records on a near-daily basis. Many of these names experienced pronounced draw-downs over the past year and a half, mostly due to disappointing earnings reports or outlooks. But they regained their momentum last year, as their growth assuaged investor caution. Amazon, however, remains about 8.5% below its own peak.Because of its long-term prospects, Amazon is about as close as a stock can be to a consensus choice among Wall Street firms. Over the near term, though, it is "the most hotly debated among investors" as "debates persist on both AWS and next day shipping efforts," according to UBS analyst Eric Sheridan, referring to its Amazon Web Services cloud-computing business.Since the start of 2019, Amazon shares are up about 24%, below the 32% rise of the S&P 500, as well as the much larger gains seen in other bellwethers. Microsoft and Facebook are both up more than 60% since the start of last year, while Apple has doubled. The rally resulted in trillion-dollar valuations for Apple, Microsoft and Google-parent Alphabet, a milestone that Amazon briefly eclipsed in 2018.The underperformance reflects concerns ov
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Jan 17, 2020
As the cannabis stocks trade at multi-year lows, the market is looking to grasp at any positive news from the upcoming earnings season. Any positive news from Q4 sales or insights on the Cannabis 2.0 rollout in Canada will breath some relief into the market.The North American cannabis industry has plenty of catalysts by midyear 2020, but the related companies were built for robust revenues and much larger markets. The keys to watch in the upcoming earnings reason are the ability of cannabis companies to generate profits from the current market opportunities and not the previous grand expectations.Several big catalysts for cannabis revenue growth in 2020 include CBD in the U.S., Cannabis 2.0 rollout in Canada, additional retail stores in Ontario and the approval of recreational cannabis in U.S. states such as Illinois. Not to mention, the U.S. always has the potential for the federal government to approve cannabis allowing for the ultimate prize for cannabis companies and investors alike.The market projections for the global cannabis market reaching $200 billion in the future should stand. For now, cannabis stocks in Canada and the U.S. have to focus on maintaining liquidity to survive and eventually thrive in the disappointing sales ramp in North America and around the globe. A lot of the Canadian issues should resolve themselves over the next few quarters, but the illicit market remains a formidable competitor and investors shouldn't assume the profit picture improves dramatically in the near term with so
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Jan 17, 2020
One exception to this, though, is discount giant Five Below Inc (NASDAQ: FIVE). Revenue growth in recent years has been nothing short of explosive. Net income more than tripled over this time frame, rising from $48 million to $149.6 million.
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Jan 17, 2020
These companies have been paying dividends for over 20 years Continue reading...
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Jan 17, 2020
The company's low valuation suggests that it has a margin of safety Continue reading...
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Jan 17, 2020
Is United Parcel Service, Inc. (NYSE:UPS) a good dividend stock? How can we tell? Dividend paying companies with...
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Jan 17, 2020
Could Archer-Daniels-Midland Company (NYSE:ADM) be an attractive dividend share to own for the long haul? Investors...
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Jan 17, 2020
As with all rapidly growing companies, Roku (ROKU) has enjoyed significant upward growth trajectory, even while it continues to experience a lot of volatility. For investors willing to hold on during turbulent times, the company should reward them over the long term.In this article we'll look at why its growth narrative remains in place, and why it'll probably take some time before it starts to turn a consistent profit.Most recent numbersIn its latest earnings report Roku stated it generated revenue of $261 million, up 50 percent over the same reporting period last year. Most of that was the result of its active user accounts jumping 36 percent, and its average revenue per user climbing 30 percent.Another factor is Roku has been changing its focus from set-top boxes to media software, which produces wider margins for the company.Earnings will remain negative for now because it's taking the bulk of its revenue and reinvesting it into growing its top line. With its major competitor being Amazon, it can't afford to take its foot off the accelerator, otherwise it could lose a lot of its momentum, and would find it extremely difficult to make up ground.At this time Amazon's Fire TV has over 40 million monthly active users, while Roku has about 32.3 million monthly active users. Roku has more room for growth because it only operates in 20 countries as of the end of the last reporting period, while Amazon has a presence in over 100 countries.Moving from a smal
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Jan 17, 2020
Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America. The largest Japanese automaker also said it will end production of the Toyota Sequoia in Indiana by 2022 as that facility focuses on mid-size SUVs and minivans. Toyota will shift production of the Sequoia in 2022 to Texas and that plant will end production of the Tacoma by late 2021.
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Jan 17, 2020
(Bloomberg Opinion) -- White House counsel Pat Cipollone will reportedly lead the team that represents President Donald Trump in the Senate impeachment trial. Superficially, this may sound logical. The opposite is true. It's highly problematic for Cipollone to represent Trump in the Senate.For starters, Cipollone is the author of the letter to executive branch employees directing them not to cooperate with the House's impeachment inquiry. Cipollone's Oct. 8 letter told the House of Representatives that its impeachment inquiry was illegitimate and that Trump and the executive branch wouldn't participate in it. The letter was written "on behalf of" Trump. This letter was widely received as legally preposterous and constitutionally wrong. But that's not the worst of it. That letter became the basis for the House's article of impeachment of Trump for obstruction of Congress.Cipollone's conduct is therefore directly at issue in the trial. It's almost as if Rudy Giuliani was representing Trump, despite his involvement in the conduct at issue in the first article of impeachment. (I realize Giuliani is said to be seeking such a role, but it seems obvious that it would be crazy for Trump to allow it.) It's highly irregular for someone whose actions carried out wrongdoing to represent the person who directed him to take those actions.What's more, the White House counsel doesn't represent the president personally. A president's conversations with his White House counsel do not enjoy attorney-client privilege. The
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Jan 17, 2020
Boeing Co said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 MAX, a development that could further delay the plane's return to service. "We are making necessary updates," Boeing said in a statement. The monitor check is prompted by a software command at airplane or system power up, and will set the appropriate indication if maintenance is required, company officials added.
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Jan 17, 2020
The House Labor and Education Committee today voted on legislation Thursday that would overturn Education Secretary Betsy DeVos' new policy on student debt discharge that goes into effect on July 1st, 2020.
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Jan 17, 2020
A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson for allegedly failing to warn men that they could grow breasts by using its antipsychotic drug Risperdal. The decision by Judge Kenneth Powell of the Philadelphia Court of Common Pleas to reduce punitive damages for the plaintiff Nicholas Murray followed a jury's imposition of the original award last Oct. 8. Murray, like other male plaintiffs in mass tort litigation over Risperdal, claimed that he developed breasts after being prescribed the medicine when he was a boy.
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Jan 17, 2020
Snap founder and CEO dumps 2.78 million shares Continue reading...
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Jan 17, 2020
Let's start with some good news - according to Goldman Sachs' chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year's surge. Oppenheimer believes 2019's bull run was down to valuation expansion. If the history books are anything to go by, then 2020 will see a repeat of the trend."Years of strong valuation expansion are generally followed by positive returns in the equity market, although typically at a slower pace. Moderate profit growth this year and higher starting multiples point to total returns in the high single digits for the asset class globally in 2020," Oppenheimer noted.With this in mind, we decided to have a look at two stocks Goldman Sachs thinks are poised to make headway in 2020. Just to be safe, we run them both through TipRanks Stock Screener tool to ensure that other analysts agree with Sachs. Let's take a closer look.Linx SA (LINX)Let's start off in Brazil, the home of Linx SA, Latin America's largest retail management software company. LINX boasts over 40% of the retail management software market in Brazil; its cloud-based enterprise software offers retailers a variety of services, including payments solutions and business management tools.The company has been racking up partnerships recently; one with Rappi, a Latin American unicorn company and creator of an on-demand delivery app, which will enable brands in Linx's portfolio to sell through the app. The second is with PicPay, one of Brazil's largest payment apps which boasts more
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Jan 17, 2020
Apple's stock climbed after both Morgan Stanley and Nomura raised their price target targets on the tech giant. Yahoo Finance's Dan Howley joins Seana Smith on The Ticker to discuss.
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Jan 17, 2020
Gold rallies despite surge in the greenback
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Jan 17, 2020
The JPMorgan Healthcare Conference, which showcases innovations in the industry and provides a platform to exchange ideas and insights as well as to make breaking announcements, went by without much fanfare ...
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Jan 17, 2020
Pinterest has surpassed Snapchat in popularity among U.S. users, according to a new eMarketer report. Yahoo Finance's Dan Roberts joins Seana Smith on The Ticker to discuss.
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Jan 17, 2020
There's nothing particularly wrong with mutual funds. The investing structure has been a tried-and-true portfolio element for decades and has allowed plenty of individual investors to grow their wealth, gain diversification benefits and save for the future. And there are certainly plenty of good mutual funds out there. But these days, there is something better -- exchange-traded funds.So, there is a real reason why exchange-traded funds have taken the world by storm. Featuring rock-bottom fees, similar diversification benefits and even some hefty tax savings, low-cost ETFs are simply a better choice for many investors. And now with the elimination of trading fees at many major brokerages, dollar-cost averaging into low-cost ETFs is even easier.To that end, investors in some popular mutual funds could be better suited making the switch into ETFs. For investors in tax-deferred or tax-free accounts, the switch is easy. For investors in taxable accounts, you need to weigh the potential hit from the switch. However, in spite of that, the longer-term picture could justify selling your mutual funds and buying a low-cost ETF.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Small-Cap Stocks That Are Not Worth a Second Glance With that, here are some of the most popular and common mutual funds held by investors and great ETFs to replace them with. SPDR DoubleLine Total Return Tactical ETF (TOTL)Replaces: PIMCO Total Return (PTTRX)Expense Ratio: 0.65%, or $65 on a $10,000 investment.For investors looking at low-cost ETFs, switchin
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Jan 17, 2020
On Jan. 7, Chinese video streaming service iQiyi (NASDAQ:IQ) announced a strategic partnership with Astro, a leading Malaysian satellite television operator. Under the deal, IQ will market its platform to Astro's customer base. Source: NYC Russ / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs IQ's growth slows, its expansion outside China was inevitable. However, at this point, it's hard to know if the move indicates that IQ stock is worth $30 per share or $15 per share.Here's a look at both sides of the argument. IQ Stock Is Worth $30 Per ShareThe lack of movement by the company's stock since the partnership was announced suggests that investors aren't reading too much into the situation. Instead, they're opting to patiently wait for IQ to build a business in Malaysia. Since it's taken iQiyi more than ten years to convert its nonpaying Chinese users to paid memberships, it's unlikely that it will generate meaningful revenues from Malaysia for at least the next 12-24 months.Is IQ just trying to divert attention away from its domestic business, which is slowing significantly? I don't know the answer to that. * The Top 5 Dow Jones Stocks to Buy for 2020 What I do know is that IQ will have to spend a great deal of money to boost IQ stock by capturing market share in China's smaller cities. iQiyi doesn't necessarily have that kind of money. For IQ, grabbing some of the low-hanging fruit in Malaysia seems like a better proposition than banging its head against the proverbial Chinese Wall.InvestorPlace columnist Jonathan Berr made an ex
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Jan 17, 2020
Cannabis stocks performed terribly in 2019, and Canopy Growth (NYSE:CGC) was no exception. Despite the backing -- to the tune of $4 billion -- of Constellation Brands (NYSE:STZ), and over a full year of legal cannabis sales in Canada, CGC has yet to turn a profit. With investors souring on the cannabis industry in general, Canopy Growth stock lost 23% of its value in 2019. That number is actually misleading because CGC went into 2019 just as it was beginning to recover from a slump. It actually closed the year down a whopping 52% from its high at the end of April. So it is big news that CGC has strung together multiple days of significant growth. After a 4.4% pop on Wednesday, that's 21% in just three days.Source: Shutterstock What is going on with Canopy Growth? And more importantly for investors, can it sustain this rally to the point of a full-blown recovery? Why the Sudden Optimism Around Cannabis Stocks?This week has been an anomaly if you've been following cannabis stocks. For much of 2019, the story was rather grim. However, this week has seen many of them pop. CGC is up 21% since Monday. Hexo (NYSE:HEXO) is up 38%. Aurora Cannabis (NYSE:ACB) is up 25%. Cronos (NASDAQ:CRON) is up 23%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven lowly CannTrust (NYSE:CTST) has seen an 11% gain.There seem to be two factors that have lit a fire under these stocks this week. The first is the news that the first edibles under Canada's "Cannabis 2.0" rollout hit stores. The second is the introduction of a bipartisan
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Jan 17, 2020
Boeing (NYSE:BA) found itself grounded for most of 2019.Source: Alex JW Robinson / Shutterstock.com Even now, Boeing stock still faces plenty of headwinds. Just this week, for example, news hit that Airbus (OTCMKTS:EADSY) delivered twice as many airplanes to customers in 2019. Worse, for the first time in three decades, Boeing had a negative net number of airplane orders.On top of that, American Airlines (NASDAQ:AAL) said it would keep the 737 Max out of commission until June 2020, according to Fortune contributor Erik Sherman.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis all comes just weeks after Boeing fired CEO Denis Muilenberg, and after the Federal Aviation Administration's Stephen Dickson said there was no way the FAA would allow the planes to fly again in 2019. Dickson also noted there were still approximately 10 steps left in the certification process. "If you do the math, it's going to extend into 2020," he said.Yet, the stock is beginning to recover, with a good deal of negativity priced in. From here, while plenty of patience will be required, I believe BA stock could rally back to $375. The Bullish Case for Boeing StockWhile Boeing's January 2020 earnings aren't going to be great, the stock still appears to have priced in a substantial amount of fear and negativity. Many investors also believe Boeing stock has hit the bottom. * 7 Small-Cap Stocks That Are Not Worth a Second Glance For one, "Boeing's share price would have been hit a lot harder if people thought there was a reas
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Jan 17, 2020
After rallying more than $165 since November, gold is taking a well-deserved breather. A brief pause, then gold should continue to fresh highs and $1700 by March.
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Jan 17, 2020
The U.S. Justice Department announced this week that five Pakistani nationals have been indicted for their alleged role in a five-year clandestine operation to illegally procure and smuggle U.S.-made technologies for use in Pakistan's nuclear weapons development program. Between September 2014 and October 2019, the men used a system of front companies located in Pakistan, Hong Kong, the United Kingdom and Canada operating mostly under the names Business World and Industria. According to the Justice Department, during that five-year period Muhammad Karman Wali of Pakistan, Muhammad Ahsan Wali and Haji Wali Muhammad Sheikh of Canada, Ashrah Khan Muhammad of Hong Kong and Ahmed Waheed of the United Kingdom procured components from 29 U.S. companies for 38 illicit shipments to Pakistan.
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Jan 17, 2020
The Dow's journey from 20,000 to 30,000 is a result of multiple expansion that is "perfectly understandable," especially in a low interest rate environment, the famed professor said. Momentum investors who are merely following the strong trend higher and overlooking valuations have reason to be worried, Siegel said. Near-term investors looking to cash in on some profits may want to consider doing so and should "watch this market closely," as a 10% correction is becoming more likely, Siegel said.
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Jan 17, 2020
As an annual tradition, we put together a list of high-quality stocks per our investment beliefs Continue reading...
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Jan 17, 2020
Joining Yahoo Finance's Myles Udland is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the price action in the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) as well as Take-Two Interactive (TTWO).
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