Month: August 2020

It’s been a bullish start to the day. A move back through the early highs would support another breakout day for the majors. …read more […]

Meng, 48, was arrested in December 2018 on a warrant from the United States which alleges that she misled the bank HSBC about Huawei’s business dealings in Iran. Meng’s lawyers submitted testimony from expert witnesses including John Bellinger, a former White House lawyer, as well as a Huawei Technologies Co Ltd presentation outlining its relationship with businesses operating in Iran, to back Huawei’s argument that the United States left out key facts about communication with HSBC about Huawei’s operations in Iran when requesting Meng’s extradition from Canada. …read more […]

United Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially “significant” delays. “FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state’s guidelines on absentee voting and deadlines for ballots or related election documents,” FedEx said. …read more […]

To say it hasn’t been a good year for cruise line operators would be underselling the disaster 2020 has been. Amongst a sea of hurting industries, the pain inflicted by the coronavirus on cruise lines has arguably been second to none.However, following the delivery of its quarterly results on Monday, Royal Caribbean (RCL) shares popped by a handy 16%.Not that the surge came off the back of an estimate trouncing report. With no meaningful sailing to report in the quarter, revenue dropped year-over-year by a dispiriting 94% to $175 million, although the top line figure did manage to beat the …read more […]

Back on July 13, I wrote a Trade of the Day article called “Camping Stocks Could Give Post-COVID Wins.”
For a quick review, here’s what I said…
As the pandemic has taken people off hotels and planes, the result is that socially distanced outdoor holidays are enjoying a major popularity surge – lead by camping and “glamping” (a higher-end camping experience).
Some campsites are reporting a 400% spike in business, which makes the case for an increase in sales of tents, sleeping bags, camping furniture and cooking equipment.
And since the bulk of the demographic is coming from growth among families and 21- to …read more […]

Good things come to those who wait. For long standing Qualcomm (QCOM) investors the wait appears to be over.That’s not to say the past few years have been disastrous by any means; Qualcomm is after all the world’s largest mobile chipmaker. Yet, Qualcomm’s market performance hasn’t even closely resembled that of other all-conquering peers in the semiconductor sector, such as Nvidia, TSMC or AMD.However, a flurry of recent positive developments is quickly changing sentiment around this industry giant. The resolution of a Huawei patent licensing dispute and a recently overturned loss in Qualcomm’s favor from a 2019 antitrust case brought …read more […]

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. added Barrick Gold Corp. to its portfolio in the second quarter, sending shares of the world’s second-largest miner of the metal surging.Berkshire took a new position in Barrick, buying 20.9 million shares, or 1.2% of the company’s outstanding stock, with a current market value of $565 million, according to a regulatory filing on Friday. The filing shows moves made by Buffett or his two investing deputies, Todd Combs or Ted Weschler.In the past, Buffett, the billionaire chairman of Berkshire, cautioned against investing in the metal because it’s not productive like a farm or …read more […]

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They will make the same argument to the IRS, DraftKings CEO Jason Robins made clear on Yahoo Finance Live on Friday morning. …read more […]

Yahoo Finance’s Julia La Roche joins The Final Round to break down Berkshire Hathaway’s quarterly holdings report, revealing a new position in Barrick Gold Corporation and a reduced stake in JPMorgan shares. …read more […]

Tesla shares finished in the green on Friday, extending its gains for the week, following two surprising upgrades. The first came from Morgan Stanley’s Adam Jonas, who raised his price target on the stock to $1,360 and boosted his rating to equal weight, on “increased conviction” in Tesla’s ability to unveil a suite of capabilities on its upcoming Battery Day. Similarly, Bank of America upgraded its investment rating from underperform to neutral and raised its price target from $800 to $1,750, as it thinks Tesla’s “growth” story will support the stock.
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Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) stock moves for the second-quarter are out. …read more […]

Over the last few years, the rewards have kept on coming investors’ way. The S&P 500, considered a representation of the broader stock market, is up 16.5% over the last 52 weeks. In addition, the index has posted an average gain of 10.2% and 15.3% per year over the last five and ten years, respectively. So, everything seems hunky-dory on Wall Street.Unfortunately, this is not actually the case. According to Dalbar, a financial services market research firm, the average investor typically earns significantly less than the market. For example, over the 30-year period through 2019, the S&P 500 returned an …read more […]

Rates have jumped to their highest levels in months, but you can still get a bargain. …read more […]

On Friday, numerous pharmaceutical companies – Novavax, Johnson and Johnson, and AstraZeneca – came forward with announcements about vaccine deals with several countries. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]