Month: July 2020

Over the last few years, Advanced Micro Devices (AMD) has been a veritable gain machine. The huge market strides have come hand in hand with a bigger slice of market share, too. AMD has edged ever closer to rivals Nvidia and Intel and has steadily eaten away at the traditionally larger players’ dominance of the GPU and CPU markets, respectively.However, Goldman Sachs analyst Toshiya Hari sounds a note of caution for the near-term, based both on the elevated share price, and concerns regarding a “potentially weaker PC market environment” in 2H20.Although Hari nudged his CY20 revenue estimate for AMD slightly …read more […]

You can’t always get what you want, but if you try sometimes… You do get what you want?After initially being excluded from the U.S. government’s Operation Warp Speed (OWS) program, Novavax (NVAX) joined the list of companies eligible for federal support.On July 7, the vaccine specialist announced it will receive $1.6 billion from the federal government to support the development of its COVID-19 vaccine candidate, NVX-CoV2373. 5-star B.Riley FBR analyst Mayank Mamtani is impressed by the scale of the award itself, noting: “[T]his funding is the largest granted by OWS to date, correlating with the (1) robustness of preclinical data …read more […]

(Bloomberg) — The TikTok-tivists are at it again.Thousands of users of the popular video app flocked to the Apple App Store in the last few days to flood U.S. President Donald Trump’s 2020 campaign app with negative reviews. On Wednesday alone 700 negative reviews were left on the Official Trump 2020 app and 26 positive ones, according to tracking firm Sensor Tower.TikTok fans are retaliating for Trump’s threats to ban the app, which is owned by China’s Bytedance Ltd. and is hugely popular in the U.S., especially among teens. The thought of taking away a key social and entertainment hub …read more […]

The surge in stocks has investors hoping that the general bullish market sentiment we’ve experienced since the end of March may still be with us; there was some worry in June as the markets appeared to hit a plateau. We’ll see what happens in the next few weeks, as the S&P tests its 3,200 resistance levels.The best advice for stock pickers right now: stay selective. There are still compelling investing opportunities out there if you know where to look. Investors can find interesting stock choices by following some of Wall Street’s top analysts. These are the analysts with the sharpest …read more […]

Stock futures pointed slightly higher Thursday evening after a mixed session on Wall Street, during which tech shares broke further to the upside to close at fresh record highs. …read more […]

DraftKings (Nasdaq: DKNG) is positioning itself to be the leader in online betting and iGaming. This is a $23 billion market in the U.S. alone and a multiple of that globally.
IGaming covers everything from sports betting to casino games and everything in between.
Whether you want to bet on the winner of the Nathan’s Hot Dog Eating Contest or the winner of the first baseball game when the season starts, you can do it now or will be able to very soon (based on where you live) on the top online gaming platform.
State by state, the barriers to online gaming are …read more […]

(Bloomberg) — Vanguard Group Inc., the New York Stock Exchange and Nasdaq Inc. are pushing back on an escalating risk to their bottom lines: threats from Capitol Hill and the Trump administration to dramatically curtail U.S. investments in Chinese companies.During a Thursday panel discussion hosted by the Securities and Exchange Commission, the firms’ executives questioned a bill under consideration in Washington that could lead to Alibaba Group Holding Ltd., Baidu Inc. and other Chinese businesses getting kicked out of American stock markets. The intent of the legislation is to force China to comply with U.S. accounting rules. But among the …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

…read more […]

Stocks abruptly turned negative Thursday as fears over the economic outlook following an increase in coronavirus cases resurged. The Dow and S&P 500 wiped out their week to date gains, while the Nasdaq held higher and hit a record earlier in the morning. …read more […]

America is built on optimism, but it is not immune to the laws of science. It’s a lesson some U.S. airlines have learned the past two weeks, as Covid-19 cases continue to increase in many regions. As cases go up, some state and city governments have instituted new quarantines that limit what travelers can do […] …read more […]

…read more […]

…read more […]

Jul.09 — Wells Fargo & Co., the largest employer among U.S. banks, is preparing to cut thousands of jobs starting later this year. Bloomberg’s Hannah Levitt broke the story and she appeared on “Bloomberg Markets.” …read more […]

Calls are being ordered up at five times the normal amount …read more […]