Month: August 2020

No Picture
Trading Ideas

Why Walt Disney (DIS) Stock is a Compelling Investment Case

August 10, 2020 admin Comments Off on Why Walt Disney (DIS) Stock is a Compelling Investment Case

Third Point recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 10.8% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Third Point’s top 5 stock picks for investors to buy right […] …read more […]

No Picture
Trading Ideas

Kodak Plunges as Government Loan on Hold Pending Probes

August 10, 2020 admin Comments Off on Kodak Plunges as Government Loan on Hold Pending Probes

(Bloomberg) — Eastman Kodak Co. shares plunged Monday after a federal agency announced it was suspending a $765 million loan to help the former film company produce Covid-19 drugs, pending the outcome of investigations into potential wrongdoing.The International Development Finance Corporation said in a tweet Friday night that “recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared.” Congress and the U.S. Securities and Exchange Commission are investigating the deal, and Kodak’s board said Friday it’s also opening a review of the loan disclosure.The stock tumbled as much as 43% before being …read more […]

Mining & Metals

Appia (OTC: APAAF) Provides a Summary of the Alces Lake Project and Presents at the John Tumazos Virtual Conference, August 10, 2020

August 10, 2020 admin Comments Off on Appia (OTC: APAAF) Provides a Summary of the Alces Lake Project and Presents at the John Tumazos Virtual Conference, August 10, 2020

Toronto, Ontario- – Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) is pleased to provide a summary on the Company’s high-grade rare earth element (“REE“) and uranium (“U“) Alces Lake […]

No Picture
Trading Ideas

Barrick Boosts Dividends 14% With Windfall From Gold’s Rally

August 10, 2020 admin Comments Off on Barrick Boosts Dividends 14% With Windfall From Gold’s Rally

(Bloomberg) — Barrick Gold Corp. is returning some of the windfall it’s getting from gold’s record rally to its shareholders.The world’s second-largest gold miner increased its quarterly cash dividend 14% to 8 cents per share, the company said Monday in its second-quarter earnings statement.“The board believes that the dividend increase is sustainable and reflects the ongoing robust performance of our operations and continued improvement in the strength of our balance sheet,” the company said.Chief Executive Officer Mark Bristow said the strong cash generation demonstrated the quality of Barrick’s assets and management’s ability to capture the full benefit of higher gold …read more […]

No Picture
Trading Ideas

Did Hedge Funds Drop The Ball On Penn National Gaming, Inc (PENN)?

August 10, 2020 admin Comments Off on Did Hedge Funds Drop The Ball On Penn National Gaming, Inc (PENN)?

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, a week after the market trough. Now, we are […] …read more […]

No Picture
Trading Ideas

Kodak shares plunge after U.S. blocks $765 million loan deal

August 10, 2020 admin Comments Off on Kodak shares plunge after U.S. blocks $765 million loan deal

The U.S. International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena. U.S. President Donald Trump said last week the government would investigate the circumstances surrounding the announcement of the loan. “Recent allegations of wrongdoing raise serious concerns,” U.S. International Development Finance Corp (DFC) said late on Friday in a tweet. …read more […]