Month: January 2020

Q4 2019 FuelCell Energy Inc Earnings Call …read more […]

(Bloomberg) — Broadcom Inc. disclosed new agreements to provide components for Apple Inc. devices released through the middle of 2023.The San Jose, California-based chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That’s in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added.Broadcom shares rose more than 2% in late trading, while rival Skyworks Solutions Inc. dropped as much as 7.7%. Broadcom is a major …read more […]

(Bloomberg Opinion) — Intel Inc. closed out 2019 learning the hard lesson that making cutting-edge semiconductors is truly difficult.Like a prizefighter who refuses to admit he just hit the mat, the world’s biggest chipmaker is coming out swinging. And it should, because how it gets through 2020 could decide the company’s fate. Once the most advanced supplier of semiconductors, Intel struggled last year to ramp up production of chips that use its latest 14-nanometer process node, “letting customers down,” as CEO Bob Swan said in October. Its full-year results released Thursday showed that revenue climbed 2% and that net income …read more […]

From a price-to-earnings standpoint, the energy sector is the cheapest sector in the S&P 500.
It can also be surprisingly stable at times. Pricing for West Texas Intermediate crude was down slightly in 2019, but for the most part it was fairly steady for the year.
Yet given this price stability and the perceived cheapness in the sector’s equity prices, there are few bidders for the stocks.
In fact, relative strength (a measure of market demand) for the sector is among the worst in the S&P 500.
The sector did go through quite a bit of stress in 2015 and 2016, which may have …read more […]

Jennifer Aniston and Brad Pitt went viral after a backstage moment between the exes was captured at the 2020 SAG Awards. …read more […]

(Bloomberg) — In an effort to settle tens of thousands of claims that Bayer AG’s Roundup weedkiller causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to people with direct knowledge of the negotiations.In some discussions, Bayer’s lawyers have said the chemical maker will set aside $8 billion to resolve current cases and reserve $2 billion for future claims, the five people said. Roundup has been blamed for ailments including non-Hodgkin’s lymphoma, which can take years to be diagnosed. Bayer declined to comment on the …read more […]

(Bloomberg) — Intel Corp. gave bullish quarterly and full-year revenue forecasts, suggesting personal-computer demand remains strong and purchasing by data center owners has come surging back. The shares jumped as much as 7.2% in late trading.Revenue in the current period will be roughly $19 billion, and profit will be about $1.23 a share, excluding certain items, Intel also said. That compares with average analysts’ estimates of $17.2 billion and $1.04 a share.Sales in 2020 will be about $73.5 billion, the company said late Thursday in a statement. Analysts were looking for $72.2 billion on average, according to data compiled by …read more […]