Month: August 2020

China said on Tuesday it has begun an anti-dumping probe into imports of Australian wine in a move that will likely worsen tensions between the two countries and knocked a fifth off the market value of Australia’s biggest winemaker. The investigation by China’s Ministry of Commerce (MOFCOM) will look at imports of wine from Australia in containers holding two litres or less in 2019, the ministry said in a statement. It would also examine any damage to the Chinese wine industry from 2015-19. …read more […]

It will be offered to employees in the commercial airplanes and services businesses as well as corporate functions, Chief Executive Officer Dave Calhoun wrote in a note to employees, a copy of which was seen by Reuters. The health crisis, which has hammered planemakers, airlines and suppliers, has added to the woes of Boeing that has been grappling with a production freeze and year-long grounding of the 737 MAX following two fatal crashes. The company doesn’t have a set target at this time and was encouraging all eligible employees interested in the voluntary layoff package to apply, Boeing …read more […]

Is lady luck turning its back on online sports betting player DraftKings (DKNG)? Since peaking at $43.7 at the start of June, the share price has pulled back by 22% to its current value of $34.68 per share.It hasn’t helped that COVID-19 has made it difficult to predict the short-term fate of live sports action. The good news is that after two major college football conferences voted to postpone their fall seasons, others have indicated they will move ahead with own leagues. However, besides the uncertainty concerning sports’ leagues’ resumption, DraftKings has now been confronted with an altogether different kind …read more […]

(Bloomberg) — SoftBank Group Corp. has invested about $3.9 billion into 25 of the world’s largest technology companies including Amazon.com Inc., Tesla Inc., Netflix Inc. and Alphabet Inc.The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe Inc. and $189 million of Netflix, the Tokyo-based company said in a filing to the U.S. Securities and Exchange Commission dated Aug. 17. Its stake in Tesla was worth $122.9 million as of June 30, it said.SoftBank founder Masayoshi Son is expanding the company’s investment activities from private startups to publicly …read more […]

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Back in December 2017, when Bitcoin had surged to more than $16,000, I wrote that the only people who should be “investing” in cryptocurrencies were those who could afford to speculate (and potentially lose).
I have never been on board with the arguments in support of cryptocurrencies. Cryptos are made-up assets worth only what the next person will pay for them.
In some ways, they remind me of gold – except gold, at least, is a real thing that has industrial uses and value as jewelry.
Also like with gold, there is no way of valuing crypto.
Supporters will tell you that as governments …read more […]

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Technical Options Expert Bryan Bottarelli explains that although Pfizer stock under-performed this year, a move by director Ronald Blaylock should be a signal to investors. Here’s what it tells us…
This year, shares of big pharma giant Pfizer (NYSE: PFE) are down 3%.
So far, they’ve been a big-time underperformer.
And that’s exactly why I found it very interesting that Pfizer Director Ronald Blaylock just made one of the biggest insider buys on Pfizer stock in years.
Earlier this month, on August 6, he paid more than $500,000 for 13,000 shares – at an average price of $38.55.
Barron’s says, “This makes it the largest …read more […]

(Bloomberg) — General Motors Co. shares rose to their highest level in almost three months after a Deutsche Bank analyst speculated the automaker could spin off its electric-vehicle unit to create more value.The stock pared a gain of as much as 10.5% in Monday trading before closing up 7.7% at $30.01 a share — the biggest one-day jump since May 18 and its highest close since June 8. That came after Deutsche Bank’s Emmanuel Rosner wrote in a report published Monday the automaker could be worth as much as $93 a share if GM spins out its electric-vehicle business.GM has …read more […]

My job is to identify the most profitable trends for investors.
Admittedly, some trends can be controversial, like 5G, cannabis, cryptocurrencies, electric vehicles, plant-based foods and renewables.
And sometimes it’s a trend investors are excited about. But the trend isn’t readily digestible, such as blockchain and digital ledgers.
However, this year, my favorite trend to target is one most of us can easily relate to…
Video games.
I love video games.
I have an arcade cabinet in my house where I routinely play my offbeat favorites, Pepper II and Robotron 2084… and get crushed by my wife in Bubble Pop.
On consoles, I regularly play Battlefield, Call …read more […]

On CNBC’s “Trading Nation,” Mark Tepper of Strategic Wealth Partners said that Apple Inc. (NASDAQ: AAPL) is a must-own stock.You have to have it in your portfolio because it’s nearly 7% of the S&P 500 and if you don’t own it to some extent, you’re on the risk of severely underperforming the benchmark, explained Tepper. To manage the risk, he is advising his clients to trim the position as the stock goes up.See Also: Here’s How Much Investing ,000 In Apple At Dot-Com Bubble Peak Would Be Worth TodayBill Baruch of Blue Line Capital noticed a bull flag pattern on …read more […]

In valuing Amazon’s Prime and Video segments, Needham analyst calculates each to be worth $200B and $40B, respectively, and thinks the e-commerce giant “has several hidden value multipliers that suggest it is worth between $4,500 and $5,000” per share. The Final Round panel discusses the bullish call. …read more […]

Electric car maker Tesla closed at a new high on Monday after shares soared 11% following a price target increase from Wedbush Securities. …read more […]

Record Second Quarter Pro Forma Revenue(1)(2)of $165.4 Million and Record Second Quarter Managed Revenue(1)of $121. …read more […]

Despite an ongoing pandemic and the U.S. economy barely limping along, the Nasdaq is trading at all-time highs and is now more than 12% above its pre-outbreak peak. The surge in tech stocks in 2020 has understandably led investors to draw comparisons to the dot-com bubble in 2000.The Nasdaq ultimately peaked at 5,048.62 on March 10, 2000. Of course, some dot-com bubble stocks have performed much better than others in the 20 years since the bubble burst.Apple’s Dot Com Bubble Rebound: Apple’s past 20 years were defined by two major trends. Apple launched the iPhone in 2007, which ultimately became …read more […]