Tiffany was codenamed “Tea” and LVMH was “Latte” in the whirlwind talks that led to the U.S. jeweler being taken over by the French luxury group for more than $16 billion, in a homage to famed film “Breakfast at Tiffany’s”.
With the start of trading today, we’ve now entered into a time period that’s been historically very, very bullish.
For instance, from the close of trading tomorrow until the end of next Friday (which includes Black Friday and Cyber Monday), the S&P 500 has been positive in 58 out of the last 69 years – which is an amazing 84% positive rating.
As for the down years, only four have seen declines of more than 1% (1951, 1987, 2009 and 2011).
I find this interesting because this historically strong market period is coming at a time when we’ve seen both huge upside moves …read more […]
The U.S. Food and Drug Administration said on Monday it had approved Global Blood Therapeutics’s drug, Oxbryta, to treat sickle cell disease in adults and pediatric patients aged 12 years or older. The disease is a lifelong, inherited blood disorder in which abnormally shaped red blood cells restrict flow of blood in vessels, leading to severe pain and organ damage. The drug, also known as voxelotor, aims to treat the underlying cause of sickle cell disease by preventing sickle cells from deforming. …read more […]
Deutsche Post DHL Group’s StreetScooter electric vehicle unit will enter the U.S. market next year as delivery firms and municipalities work to cut greenhouse gas emissions.
Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the $2 billion valuation it attained in May, according to people familiar with the matter.
These dividends are growing each year. The lower interest rates fall around the world, the more appealing high-yield dividend stocks become to long-term investors. Unfortunately, many high-yielding dividend … …read more […]
Hedge fund Luminus Management said on Monday that it plans to call a special shareholder meeting at Valaris PLC and press for broader improvements at the offshore contract drilling services company which promised its own changes two weeks ago. Valaris’ stock price surged 12% on Monday to trade at $4.40 after Luminus publicly called on the company to improve operations, refresh the board and shore up governance. The hedge fund also wants management to “take a holistic and balanced approach to managing (it’s) capital structure, with a specific focus on ensuring liquidity, pushing out debt maturities and effectively …read more […]
U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a scheme to overbill clients and fraudulently obtain nearly $1 billion of funds, including from major investors.
Q2 2020 Orion Energy Systems Inc Earnings Call …read more […]
Oil prices edged higher on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war.
The dollar rose and global equity markets rallied on Monday, with the Nasdaq and S&P 500 hitting new highs, as revived hopes the United States and China could soon sign an interim deal to end their prolonged trade war lifted investor sentiment.
Plants reduce hours to save money, research finds. …read more […]
Charles Schwab officially announced it will buy rival TD Ameritrade in a deal valued at roughly $26 billion. Pence Capital Management’s CIO Dryden Pence joins Akiko Fujita on The Ticker to discuss. …read more […]
Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the $2 billion valuation it attained in May, according to people familiar with the matter.
Goldman Sachs forecasts the S&P 500 index could potentially rise by 5% in early 2020, as long as the U.S. bull market enters its 11th year. Dan Wantrobski, Research Director at Janney Montgomery Scott, joins Akiko Fujita on The Ticker to discuss. …read more […]
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