Month: January 2020

Once again, we’re scanning the markets for high-value stocks. The key factors to look for are a solid upside potential combined with a high dividend yield. Today we’ll reverse course slightly, and point out three stocks that fit that profile – and show a lower-cost, more affordable point of entry for investors.Of the possible value factors for an investment, the dividend yield is probably the most important. It represents a quickly available, and recurring, cash return on a stock investment. With the Federal Reserve’s key rate set in the 1.5% to 1.75% range, and Treasury bond yields typically running well …read more […]

(Bloomberg) — Larry Ellison’s faith in Tesla Inc. and his friend Elon Musk is being rewarded.The Oracle Corp. chairman bought 3 million shares of the electric-vehicle maker before joining Tesla’s board in December 2018. The stake — worth $1 billion at the time — is now worth more than $1.6 billion. The stock has surged 25% in just the first two weeks of 2020 as fourth-quarter vehicle deliveries exceeded estimates and Musk started handing over locally assembled cars to customers in China.For most of 2019, Ellison’s investment was floundering as Musk, Tesla’s chief executive officer, bounced from crisis to crisis …read more […]

(Bloomberg) — Aphria Inc. shares fell 8% in pre-market trading after the Canadian cannabis producer missed the lowest revenue estimate and cut its guidance for the current fiscal year.The company reported second-quarter net revenue of C$121 million, below the consensus estimate of C$130 million. Its adjusted Ebitda was C$1.9 million, the third consecutive quarter of positive results.Aphria cut its full-year revenue forecast to a range of C$575 million to C$625 million, down from its prior outlook of C$650 million to C$700 million. It now expects to report full-year adjusted Ebitda of C$35 million to C$42 million, down from C$88 million …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly… …read more […]

North American branded cards, which account for a majority of consumer banking revenue, continued to be a bright spot for the bank, clocking double-digit revenue growth for the second straight quarter. Citi has been leveraging its robust card business to help grow deposits by pitching checking and savings accounts to card holders. The gains were driven by a 49% surge in fixed-income trading that offset a 23% decline in equities trading, where weak performance in derivatives weighed on results. …read more […]

Analysts had expected a profit of $1.12 per share, according to Refinitiv data, but it was not immediately clear if the numbers were comparable. The San Francisco-based lender last year appointed Charles Scharf, a one-time Jamie Dimon protégé as its new chief executive officer, to help it rebuild its reputation with customers, investors and regulators. …read more […]

Headlines moving the stock market in real time. …read more […]

(Bloomberg) — SmileDirectClub Inc. will start selling its teeth-straightening products to dentists and orthodontists, putting it in direct competition with one-time partner Align Technology Inc.’s Invisalign.A supply pact with Align that limited SmileDirectClub to selling its products only online and in retail shops expired at the end of 2019, the Nashville, Tennessee-based company said in a statement announcing the move Tuesday.“With our agreement with Align Technology now expired, we are no longer obligated to stay in the direct-to-consumer channel,” SmileDirectClub co-founder Alex Fenkell said in the statement. “We’re excited to expand our offering.”Shares of the company gained as much as …read more […]