Month: December 2019

Normally analysts reiterate stock ratings – so when a stock is upgraded, it’s worth taking note. This afternoon, UBS analyst Markus Mittermaier upgraded his firm’s rating on General Electric (GE) from Neutral to Buy, while boosting the price target from $11.50 to $14.00. If everything goes right, the analyst expects the industrial giant’s stock to soar nearly 30% over the next 12 months.Mittermaier says “2020 will be a critical inflection point for the turnaround and the stock,” and investors are taking notice. The stock is up 1.5% in after-hours trading and edging closer to its 52-week high of $11.84. GE …read more […]

Uber Freight has succeeded in modernizing trucking, but traditional companies are quickly adjusting to the competition. …read more […]

A federal judge in Texas on Tuesday blocked the Trump administration’s plan to divert $3.6 billion in military funds toward construction of barriers along the border with Mexico.District Court Judge David Briones ruled that the administration’s move to use a national emergency declaration to redirect money appropriated by Congress for military construction was unlawful and issued a permanent nationwide injunction prohibiting use of the funds for border barriers.The lawsuit was brought by El Paso County, Texas, and Border Network for Human Rights.The Trump administration is expected to appeal the decision, but the ruling represents a setback for the president, who …read more […]

The U.S. House of Representatives approved on Wednesday a $738 billion defense policy bill providing the first paid family leave for all federal workers and the creation of a Space Force, a top military priority for President Donald Trump. The Democratic-controlled chamber voted by 377-48, easily sending the conference report on the National Defense Authorization Act, or NDAA, to the Republican-controlled Senate, which is expected to pass it by the end of next week. Trump said he would sign the bill as soon as it passes. …read more […]

Dec.11 — Peloton shares declined as much a 7.6% after Citron Research said it sees the stock falling to $5 per share in 2020. Citron Research Founder Andrew Left appears on “Bloomberg Technology.” …read more […]

Generation Investment Management invests in cloud communications and tourism Continue reading… …read more […]

Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step down as chief executive of Continental Resources and take a board role, the company said on Wednesday. Hamm will be replaced by William Berry, a former ConocoPhillips executive and Continental board member, as of Jan. 1, and become executive chairman. Shares of Continental closed at $33.30 on Wednesday, up a fraction prior to the announcement. …read more […]