Month: July 2020

The news comes as a fresh blow to California’s largest utility that emerged from bankruptcy earlier this month, marking an end to a long-drawn restructuring process that began after its equipment sparked some of the deadliest wildfires in the state. Responding to the finding, Pacific Gas and Electric Co said it did not have access to the investigative report or the evidence Cal Fire has collected at this time. …read more […]

Business Insider had earlier reported that the company cut under 1,000 jobs across its business this week. The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to the report, which added that jobs were also cut in the Microsoft Azure cloud division. Late last month, Microsoft said it would close its retail stores and take a related pre-tax asset impairment charge of $450 million amid the ongoing coronavirus outbreak. …read more […]

(Bloomberg) — A top-performing Intel Corp. supplier in Singapore is set to continue its winning streak in the stock market as it benefits from emerging trends in the semiconductor industry.AEM Holdings Ltd. — a chip-testing equipment provider that counts the U.S. tech giant as its main customer — has surged 53% this year to become the top performer in the 107-member FTSE ST All-Share Index, the broadest measure for Singapore stocks. All four analysts covering the stock have an equivalent of a buy rating on it, and on average expect it to gain about 19% over the next 12 months, …read more […]

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Earnings season is almost in full swing — and a range of notable names are lined up to report results. One worth watching is none other than Amazon (AMZN), which will post its quarterly figures on Thursday, July 23. The stakes are high for the e-commerce giant, as its stock has been soaring over 60% so far this year. Can the company’s latest results live up to expectations? Cowen analyst John Blackledge expects Amazon to march on defiantly when it reports 2Q earnings on July 23.“We expect strong 2Q20 results with Revenue & Operating Income above high end of …read more […]

Business Insider had earlier reported that the company cut under 1,000 jobs across its business this week. The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to the report, which added that jobs were also cut in the Microsoft Azure cloud division. Late last month, Microsoft said it would close its retail stores and take a related pre-tax asset impairment charge of $450 million amid the ongoing coronavirus outbreak. …read more […]

DraftKings (DKNG) has been one of Wall Street’s biggest standouts of 2020, with shares skyrocketing over 230%. The biggest question for investors, then, is whether those gains are likely to continue. Rosenblatt analyst Bernie McTernan came out with an answer.McTernan “continues to be bullish on DKNG,” after recent data pointed to positive trends in the online gaming space. The analyst believes “investors should use the recent pullback in shares, likely related to near-term uncertainty of sports returning, as a buying opportunity, especially for those with long-term time horizons.”iGaming momentum in New Jersey, the primary established sports betting market in the …read more […]

There’s one company that appears immune to the pandemic…
But I wouldn’t touch it with a 10-foot pole.
Let me explain…
The market capitalization of a publicly traded company is calculated using a simple formula: market cap equals number of shares outstanding multiplied by current share price.
This number tells us what the stock market believes the company is worth on any given day.
Tesla (Nasdaq: TSLA) began 2020 with a very large market cap.
On January 1, its share price was $420. With 185 million shares outstanding, that gave Tesla a market cap of $77 billion.
And $77 billion is big – really big.
But then, the …read more […]

The tech surge has appeared limp lately, with hints a possible trend reversal might be on the way. But Apple (AAPL) stock is having none of it – yet. Along with the share price reaching new milestones on an almost daily basis, the giant from Cupertino is rewarded with another boost from Wall Street’s analyst corps.Joining the fray, Merrill Lynch analyst Wamsi Mohan bumped up his price target for Apple from $390 to $410, implying modest potential upside of 6% from current levels. No change to Mohan’s rating, which remains a Buy. (To watch Mohan’s track record, click here)So, why …read more […]

(Bloomberg) — For fans of haywire market statistics, there’s this: The Nasdaq Composite has managed to go two months without posting back-to-back declines. That record streak was under threat after Netflix Inc.’s after-hours drop sent exchange-traded funds tracking the tech space lower.The index, weighted to megacaps like Amazon.com Inc. and Facebook Inc., lost 0.7% in Thursday’s regular session, as investors rotated out of tech in favor of laggards like airlines and energy. An ETF tied to its sister index, the Nasdaq 100, was down another 0.5% as of 7:12 p.m. in New York.The proximate culprit was Netflix, which said it …read more […]

Members recently took a quick 22% gain on a media stock in The War Room. They held it for about a week.
We’re not just options in The War Room – about 10% of our picks are stocks.
In this case, it was Gannett (NYSE: GCI), the publisher of USA Today, among other media properties. Now a small cap, Gannett was once a major player in the game.
However, even though members cleaned up on Gannett, it’s not the best election-year media play in the market.
Below are two stocks that to me are the best election-year media plays…
The first is a microcap stock …read more […]

(Bloomberg) — PG&E Corp.’s power lines ignited last year’s Kincade fire, which forced the evacuation of tens of thousands of residents in Sonoma County and destroyed 374 structures, California investigators said.PG&E transmission lines northeast of the town of Geyserville sparked the blaze, which burned 77,758 acres and injured four people, the California Department of Forestry and Fire Protection said in an emailed statement Thursday. It was the biggest in the state last year. PG&E had said that one of its transmission lines failed near the origin of the Kincade fire shortly before it was reported to have started on October …read more […]

Americans are passionate about sports.
Almost as passionate as they are about their favorite craft beers.
Sports and beer go hand in hand. And few things trigger as visceral or as emotional a response.
Fans are quick to cheer or jeer a franchise’s every move. And they’re just as quick to turn their noses up at a subpar beer.
But there’s one industry that not only has already surpassed the size of a major sports league… but also might surpass the size of that league and the craft beer segment combined in less than five years.
40% Growth for 2020
Few industries are growing as fast …read more […]

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ETF Trends CEO Tom Lydon says information technology ETFs are good picks as investors flock to ETFs most haven’t heard of. …read more […]