Month: August 2020

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3 Stocks Flashing Signs of Strong Insider Buying

August 20, 2020 admin Comments Off on 3 Stocks Flashing Signs of Strong Insider Buying

Every stock flashes signs for investors, signals to buy now, or sell this off, or keep this in your portfolio. A savvy investor will know how to interpret these signals, to get the most from his investment budget. Two of the brighter signs out there to follow are given by corporate insiders and Wall Street analysts. The insiders are company officers, those ‘in the know,’ with access to knowledge and data that the rest of us might have to wait months to see – and they’ll make their own stock purchases based on that insider position. The Wall Street analysts …read more […]

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Oil Slides From Five-Month High on Warnings About Recovery

August 20, 2020 admin Comments Off on Oil Slides From Five-Month High on Warnings About Recovery

(Bloomberg) — Oil declined from a five-month high in New York with the U.S. Federal Reserve and OPEC+ sounding caution on the demand recovery as many countries struggle to contain the coronavirus.Futures fell 0.8% to below $43 a barrel amid a broader slide in equities after minutes from the Fed said the pandemic would weigh heavily on economic activity, repeating its view that the recovery would depend on containment of the virus. OPEC+ also warned at a meeting Wednesday that the pace of the demand rebound was slower than expected and at risk from a prolonged second wave of the …read more […]

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Canoo IPO: EV Startup Going Public Via SPAC Hennessy Capital

August 20, 2020 admin Comments Off on Canoo IPO: EV Startup Going Public Via SPAC Hennessy Capital

A Canoo IPO is coming to the market. On Tuesday morning, the company put out a press release announcing a merger with SPAC Hennessy Capital Acquisition Corp IV. This means Canoo stock will be available to investors.
But is Canoo a good investment? Here’s what we know…
Canoo IPO: The Business

Stefan Krause and Urich Kranz founded Canoo in 2017 as Evelozcity. The company rebranded to Canoo in 2019 after the debut of its first vehicle in September 2018. Canoo is an electric vehicle (EV) company based in Los Angeles. Although Krause was originally CEO, he left the company in August 2019. Kraz, …read more […]

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China’s Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion

August 20, 2020 admin Comments Off on China’s Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion

Alibaba, Chinese e-commerce and entertainment giant, says that the worst of the economic fallout from the coronavirus is now behind it. Indeed, the health and economic crisis is accelerating digital transformation. The company revealed a 34% surge in revenues and net profits between April and June, the first quarter of its new financial year, climbed […] …read more […]

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Alibaba’s Sales Growth Almost Back to Pre-Pandemic Levels

August 20, 2020 admin Comments Off on Alibaba’s Sales Growth Almost Back to Pre-Pandemic Levels

(Bloomberg) — Alibaba Group Holding Ltd.’s quarterly revenue grew a better than expected 34%, signaling that Chinese consumer sentiment is recovering at a rapid clip from its Covid-19 trough.China’s most valuable corporation reported sales of 153.8 billion yuan ($22.2 billion) and net income of 47.6 billion yuan in the June quarter, both surpassing projections. Ant Group, Alibaba’s 33%-owned financial affiliate, grew profit roughly six-fold to $1.3 billion in the March quarter, offering a glimpse into its books in the run-up to a mega initial public offering in Hong Kong and mainland China.Alibaba’s online marketplaces and logistics network is bouncing back …read more […]