Month: July 2020

Some investors are getting increasingly worried about the outlook for technology and big growth stocks after a massive rally which has pushed the Nasdaq Composite index to record highs despite the coronavirus-inflicted economic damage. Few can complain about the performance of the S&P 500 Growth index, whose components range from Netflix Inc to medical device maker ResMed Inc and is up more than 10% for the year to date while the broad S&P 500 remains down 2% over the same time. Instead, investors say the popularity of tech and growth stocks at a time of global economic uncertainty has left …read more […]

On July 14, 2020, Wedgewood Partners released its Q2 2020 Investor Letter, a copy of which you can download here. The Fund returned 27.13% for the second quarter of 2020. Meanwhile, the benchmark Russell 1000 Growth Index and the Russell 1000 Value Index gained 27.84% and 14.29%, respectively. You should check out Wedgewood Partners’ top […] …read more […]

Headline grabbing biotechs are far from a rare sight in 2020. Nevertheless, when a little-known micro-cap pops by 730% in a single trading session, avid market followers are likely to take notice.And so to Equillium (EQ), the aforementioned little known biotech, whose shares blasted off on Monday.The rally began following the announcement that the Drugs Controller General of India – India’s equivalent of the FDA – granted Equillium’s partner Biocon emergency approval for itolizumab, a treatment of cytokine release syndrome (CRS) in COVID-19 patients with acute respiratory distress syndrome (ARDS). The approval came following a 30-patient proof-of-concept trial in which …read more […]

What does it mean to build wealth in this day and age? This is a question that many Americans struggle to understand. Growing your wealth is a difficult task as the cost of living continues to rise. However, it’s attainable if you develop a feasible plan of saving, budgeting and investing.
There are many strategies and layers to building wealth. But, you won’t know where to start without building your knowledge base on the idea itself.

What Does it Mean to Build Wealth Exactly?
If you asked 100 people what building wealth is, you would probably hear 100 different answers. There isn’t a …read more […]

Yahoo Finance’s Ines Ferre shares how major cruise lines, including Carnival, Norwegian and Royal Caribbean, are performing after receiving a downgrade from SunTrust and MacQuarie. …read more […]

The collaboration is part of the U.S. government’s Operation Warp Speed to accelerate the development of COVID-19 vaccines and treatments. AstraZeneca is among the drugmakers farthest along in the race to develop a safe and effective vaccine for COVID-19, the respiratory disease caused by the new coronavirus. …read more […]

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also… …read more […]

Marko Kolanovic, JPMorgan’s quant expert, sees equities as both expensive and cheap at the same time. Yes, he acknowledges stocks are priced at or near their all-time highs in absolute terms, and compared to earnings – but in relation to bonds, stocks are undervalued. And with that comparison tied directly to bond yields, which are historically low and unlikely to see gains any time soon, Kolanovic believes that stocks will act as cash magnets in 2H20.He notes that the mega-cap growth stocks are hitting new record highs again – see Apple for a prime example – and that they are …read more […]

On July 14, 2020, Wedgewood Partners released its Q2 2020 Investor Letter, a copy of which you can download here. The Fund returned 27.13% for the second quarter of 2020. Meanwhile, the benchmark Russell 1000 Growth Index and the Russell 1000 Value Index gained 27.84% and 14.29%, respectively. You should check out Wedgewood Partners’ top […] …read more […]

It is hard to get excited after looking at Biogen’s (NASDAQ:BIIB) recent performance, when its stock has declined 17… …read more […]

A look at the shareholders of Baidu, Inc. (NASDAQ:BIDU) can tell us which group is most powerful. Institutions will… …read more […]

Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Rick Newman discuss the new rollout of the Ford Bronco vehicles. …read more […]

In California, confirmed cases of COVID-19 are on the rise. Los Angeles ER Doctor Dr. Ellice joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss the rise in cases, who is getting hit hardest by the recent surge, the possibility of school in the fall going digital across the nation and more. …read more […]

Yahoo Finance’s Emily McCormick breaks down earnings reports from JPMorgan, Wells Fargo and Citigroup. …read more […]

(Bloomberg) — Wells Fargo & Co. plummeted after reporting its first quarterly loss since 2008 as loan-loss provisions soared with the bank expecting a more severe downturn from the coronavirus pandemic.The firm set aside a record $9.5 billion for credit losses, about $4 billion more than analysts had expected. Wells Fargo executives had warned they would earmark more for soured loans than the first quarter’s $4 billion as the pandemic continues to rage throughout the U.S. and weigh on companies and workers.The San Francisco-based lender also cut its dividend to 10 cents a share from 51 cents. Wells Fargo said …read more […]