Month: June 2020

Electric car giant Tesla (TSLA) is at the top of its game, hitting another all-time high on Wednesday, and reaching the long-ballyhooed $1,000 mark. The latest surge ensued when a memo from CEO Elon Musk telling employees it was “time to go all out” on the production of the Tesla Semi, began making the rounds.But Tesla’s latest rally picked up steam earlier this week, when reports came out that demand for Model 3s in China has accelerated. News outlets focused on the 11,095 Model 3s that zoomed out of Tesla’s Shanghai Giga 3 factory last month and are now sitting …read more […]

Oil prices fell in early trade on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve projecting recovery from the pandemic would take years. Brent crude futures fell 2.0%, or 85 cents, to $40.88 a barrel, also giving up gains from Wednesday. “The recent rally in crude oil prices stalled as rising inventories showed the path to a recovery will be a rocky one,” ANZ analysts said in a note. …read more […]

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It’s not that common that I review a stock immediately after it has cut its dividend. But I’ve had a number of requests for this one, and it’s an interesting situation.
Preferred Apartment Communities (NYSE: APTS) owns 123 multifamily housing, student housing, office and retail spaces in 15 states.
Its properties include…

The Overlook at Crosstown Walk, a 180-apartment community in Tampa, Florida
Independence Square, a 140,000-square-foot retail plaza in Dallas, Texas
Stadium Village, a 792-bed student housing apartment building in Kennesaw, Georgia.

In its first quarter earnings announcement, Preferred Apartment Communities said it is reducing its quarterly dividend to $0.175 per share from $0.2625.
This is …read more […]

Last week on June 4 in Trade of the Day, I shared my thoughts on Party City (NYSE: PRTY) and how it was a great speculation at current levels (at the time) of around $1.40.
Here’s a refresher on what I wrote…
Party City shares currently trading around $1.40 is a speculation, pure and simple. It might be time to add some zing to your portfolio with a stock that can party like it’s 1999 again!
On Monday, June 8, the shares traded as high as $2.55. So no matter the price traders paid on June 5, they woke up Monday morning …read more […]

Prior to 2020, there was a strong global demand for liquefied natural gas (LNG).
2019 saw a 13% year-over-year increase in global LNG trade. Total sales hit 354.7 million metric tons.
It was the sixth year in a row of LNG growth. Last year alone, the U.S. increased production by 13.1 million tons.
But black swan events can happen at any time… and they sure are disruptive.
Here’s what’s been transpiring in the natural gas space since the COVID-19 pandemic came on the scene…
Massive Demand Disruption
This past winter was mild and kept what would normally have been strong seasonal demand in check. Then the …read more […]

(Bloomberg) — Texas on Wednesday reported 2,504 new coronavirus cases, the highest one-day total since the pandemic emerged.A month into its reopening, Florida this week reported 8,553 new cases — the most of any seven-day period.California’s hospitalizations are at their highest since May 13 and have risen in nine of the past 10 days.A fresh onslaught of the novel coronavirus is bringing challenges for residents and the economy in pockets across the U.S. The localized surges have raised alarms among experts even as they’re masked by the nation’s overall case count, which early this week rose just under 1%, the …read more […]

(Bloomberg) — Europe’s Just Eat Takeaway.com NV agreed to acquire U.S.-based Grubhub Inc. for $7.3 billion, in a deal that creates one of the world’s largest meal-delivery companies as the coronavirus pandemic drives a surge in orders.Amsterdam-based Just Eat Takeaway said it will pay $75.15 per share for Grubhub in an all-stock deal with an equity value of $7.3 billion. Grubhub’s stock price rose about 6% in extended trading to more than $62, while the European company fell about 13%.The deal sidelines Uber Technologies Inc., which had been in acquisition talks with Grubhub for at least a month. Political pressure …read more […]