Month: March 2020

The world is under siege by a virus that has proven difficult to contain. …read more […]

(Bloomberg) — Inovio Pharmaceuticals Inc.’s meteoric rise on the back of hype for a vaccine to treat the coronavirus drew the ire of noted short-seller Citron Research, as the firm slapped a $2 target on the drug maker.“SEC should immediately HALT this stock and investigate the ludicrous and dangerous claim that they designed a vaccine in 3 hours,” the tweet said. “This has been a serial stock promotion for years. This will trade back to $2. Investors have been warned.”The stock has seen a massive flood of trading activity as retail investors and day traders flipped shares amid hopes that …read more […]

Dividend paying stocks like International Game Technology PLC (NYSE:IGT) tend to be popular with investors, and for… …read more […]

An oil price plunge means the world’s top energy companies will have to review promises to return billions to investors, either by slowing down share buybacks or reintroducing non-cash dividends, analysts said on Monday. “A return to scrip dividends is not unlikely if this develops into a 6 month ‘price war’,” Stuart Joyner, an analyst at Redburn, said. …read more […]

In a recent note to investors, Oppenheimer Chief Investment Strategist John Stoltzfus takes up the issue of COVID-19 and its impact on the markets. He notes that the drop in stocks came along with a strong US jobs data which substantially exceeded expectations, but virtually ignored by the markets.“Economic data released last week in the US tied to job growth, wages and unemployment significantly exceeded economist survey expectations but were paid little attention and disregarded as they were considered to be “in the rearview mirror data points” rather than evidence that the economy is facing the coronavirus packet of uncertainty …read more […]

Yahoo Finance’s Adam Shapiro breaks down the latest stories that are pushing headlines on On the Move. …read more […]

(Bloomberg) — Saudi Arabia and Russia dug in for a long and destructive oil-price war, as Moscow responded forcefully to Riyadh’s opening salvo.If there was any doubt that the collapse of last week’s OPEC+ talks created a lasting rupture between the world’s top crude exporters, Russia dispelled it on Monday. Its largest producer will pump significantly more oil next month and Energy Minister Alexander Novak said the country’s share of export markets — under attack from Saudi Aramco’s steep price cuts — will be preserved.The Kremlin didn’t flinch despite the conflict’s devastating toll: the biggest price plunge since the end …read more […]

(Bloomberg) — SmileDirectClub Inc., the worst performer among last year’s billion-dollar-plus debuts, is facing a critical moment to prove Wall Street bulls haven’t lost their minds.On March 10, the first window opens for insiders and early investors to sell shares and cut their losses. Executives and board members are putting up a united front in sitting out active selling come Tuesday, Chief Financial Officer Kyle Wailes said in a phone interview.The lockup expiry comes amid a historic market meltdown and follows two disappointing earnings reports for SmileDirectClub, the most recent of which included delayed profitability guidance and what analysts characterized …read more […]