Month: August 2020

The first international luxury brands are set to start launching in September, as show season kicks off. …read more […]

Delta Air Lines is set to furlough 1,941 pilots in October, the carrier said in a memo to employees on Monday that noted the fallout from the COVID-19 pandemic and plunging air travel demand. Delta also announced on Monday the retirement of Chief Operating Officer Gil West, who helped lead the integration of Delta and Northwest after joining the company in 2008. …read more […]

Is the office canceled?
Sure, Steve Carell and Greg Daniels have moved on to Netflix’s Space Force.
But the future of the office is one a lot of CEOs are currently pondering.
Now, before you shake your fist at the sky or lament this possibility, understand that this is an opportunity that should make investors cheer.
If there are any bright spots to be found in the pandemic, one could be that companies finally have an excuse to deleverage themselves from one of the biggest areas of corporate waste: real estate.
Years before COVID-19, the global accounting firm Accenture found that “the average firm has …read more […]

There’s no stopping the Apple (AAPL) juggernaut. The stock recently surged past the $2 trillion market cap – the first company to ever do so – and started the week trading at another all time-high.However, with the economy in tatters, and Wall Street at what appears to be a major disconnect from Main Street, the recent tech driven market rally has raised concerns about the formation of a tech bubble, with Apple one of the potential victims, should it burst.Time will tell if the market has reached boiling point, but in the meantime such concerns are a non-issue for Tigress …read more […]

A new oil frontier is opening up in Africa, where exploration companies are reporting increasingly bigger finds in a time that global oil markets need them the most …read more […]

Investing articles are chock-full of advice, showering investors with new stock picks to consider every day. All of this can be very overwhelming and confusing.Warren Buffett once said, “It’s far better to buy a wonderful company at a fair price than to buy a fair company at a wonderful price.”Bearing this in mind, the Wall Street analyst community can provide investors with some much-needed help. The experts possess extensive knowledge about the stocks they cover and can more easily identify which companies are the cream of the crop.In view of this, we used TipRanks’ database to identify two well-established companies …read more […]

Back on May 20, I wrote a Trade of the Day, titled “You’ll Never Guess What’s Sold Out Across America Right Now!”
The article was on Poolcorp (Nasdaq: POOL).
At the time, Poolcorp was trading around $230 per share.
Expensive?
Perhaps. But I still said to buy it (or even sell puts against it).
Specifically, I wrote the following:
Poolcorp is an expensive stock, which means that the options carry a big premium. However, this might make for a nice stock play – or even a put sell.
How has this recommendation performed?
Handsomely, to say that least.
Today, Poolcorp trades for just under $340 per share.
It’s gained $100 …read more […]

Chief Income Strategist Marc Lichtenfeld talks about a popular topic among income investors: real estate investing. Here’s why Marc thinks real estate should have a place in your portfolio.
The other day, I was talking to my wife about one of our real estate investments. My teenage daughter overheard and started asking questions about our strategy.
I explained that we invest in real estate in order to generate passive income. I said that my goal when I retire is to never have to touch my investment principal.
My daughter knows and understands my preference for dividend stocks. They also generate reliable passive income …read more […]

(Bloomberg) — Exxon Mobil Corp, Pfizer Inc. and Raytheon Technologies Corp. were kicked out of the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock market.Salesforce.com, Amgen Inc. and Honeywell International will enter the 124-year old equity gauge a week from today, its overseers said. The moves were prompted when Apple Inc.’s stock split effectively reduced the sway of computer and softward stocks in the price-weighted average.While any change to the Dow is notable, the ejection of Exxon Mobil …read more […]

Exxon Mobil , Pfizer and Raytheon Technologies , which S&P Dow Jones Indices said would leave the 30-component Dow as part of the changes, each fell more than 1%. S&P Dow Jones Indices, which manages the Dow, said the shakeup was a result of Apple’s four-for-one stock split, which will take effect the same day. The drop in Apple’s stock price resulting from its split will reduce its weight within the Dow, along with the overall weight of the technology sector in the Dow. …read more […]

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Hennessy Capital Acquisition Corp. IV to merge with Canoo Holdings Ltd. Canoo vehicles are ideal for commercial use in last mile delivery fleets Walmart, other retailers are possible partners as they ramp up last mile tech Canoo to offer leases rather than purchases to allow fast adoption Canoo trades at 0.85x 2025 revenue, much lower […] …read more […]

One of the most common explanations for the frenzy of buying in Tesla Inc (NASDAQ: TSLA) in 2020 has been the stock’s eligibility for the S&P 500, which bulls say would force a tremendous amount of buying volume in the stock.DataTrek Research co-founder Nicholas Colas on Monday said the case to include Tesla in the S&P 500 is far from cut and dry, and the impact it could have on the stock market may not necessarily be positive.Questionable Profitability: Tesla met the qualifications for inclusion in the S&P 500 for the first time when the company reported a profitable second …read more […]

Yahoo Finance’s Jared Blikre joins Seana Smith to break down the day’s price action in stocks as well as a long in Nvidia (NVDA), a Yahoo Finance Premium Investment Idea. Not a subscriber? Start your free trial to join future webinars live! …read more […]