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Hertz Bonuses Rejected by Judge Who Calls Them ‘Offensive’

(Bloomberg) — Hertz Global Holdings Inc. must change its plan to pay 14 top executives up to $5.4 million in bonuses if it wants win approval for the incentive program, says the judge overseeing the car renter’s bankruptcy.Judge Mary Walrath sided with opponents of the payouts, who argued that the bonus program comes too soon after $16.2 million in retention money Hertz agreed to hand out to about 340 employees just days before it filed for bankruptcy in May. Walrath’s order also nixed a new plan that would have split as much as $9.2 million among about 295 lower-ranking managers.“It …read more […]

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Kinross Gold Pays First Dividend in 7 Years With Metal Rallying

(Bloomberg) — Canadian miner Kinross Gold Corp. is boosting output and paying its first dividend in seven years after gold prices surged to a record.The Toronto-based company will give shareholders 3 cents a common share, the first payout since 2013, and resume quarterly dividends of the same amount, taking the total distribution to 12 cents a year, according to a statement Thursday. Production is expected to increase 20% by 2023.The move comes after investors flocked to the yellow metal as a safe haven, with the pandemic threatening to derail global economic growth. Spot gold climbed to a record $2,075.47 an …read more […]

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Why Apple Could Get Cut in Half

When bubbles pop, wealth disappears very quickly. I’ve seen this happen multiple times.
The dot-com bubble popped in 2000. Investors holding profitless internet stocks were wiped out.
The housing bubble popped in 2008. People lost big in both the housing and stock markets.
Now, big technology stocks have had an incredible run in 2020 despite the COVID-19 pandemic.
With that big run, there has been talk of a “bubble” forming in the tech sector.
To find out the truth, let’s crunch some numbers on one of our favorites…
I Have Been Flashing the Caution Sign…
A couple of weeks ago, I had some nerve…
I suggested that Warren …read more […]

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Tencent’s Gaming Stakes Draw U.S. National Security Scrutiny

(Bloomberg) — The Trump administration has asked gaming companies to provide information about their data-security protocols involving Chinese technology giant Tencent Holdings Ltd., people familiar with the matter said.The Committee on Foreign Investment in the U.S., which is chaired by the Treasury Department, has sent letters to companies, including Epic Games Inc., Riot Games and others, to inquire about their security protocols in handling Americans’ personal data, said the people, who asked not to be named because the discussions are private.Tencent, the world’s largest gaming company, owns Los Angeles-based Riot and has a 40% stake in Epic, which is the …read more […]

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Corporate Insiders Pull the Trigger on These 3 Stocks

Follow the leader is a viable strategy in stock investing, as long as you find the right leader to follow. Corporate insiders, of course, are by their nature leaders. They are the company officers who run the show, and the nature of their position, or positions, puts them in position to access knowledge, even foreknowledge, that the ordinary investors simply doesn’t have. This is a case where regulators have done the right thing. Insiders can make their trades – but they have to make them public. The investing public must be able to see what company officers are doing with …read more […]

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The “Portnoy Momentum Trade” can push Penn National higher, says analyst

Stifel analysts led by Steven Wieczynski raised their price target on shares of Penn National, on the belief that the “Portnoy Momentum Trade” will continue. The firm also expects the sports betting euphoria to continue through the fall, thanks in part to “a number of states to pass gaming legislation that should keep the sports betting/iGaming momentum rolling.” …read more […]

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‘We’re not trying to have the first vaccine. We want the best vaccine’: Moderna CEO

As the vaccine race heats up, conflicting reports over when a vaccine will be ready and distributed has many wondering of the efficacy of the vaccine process and its safety. Moderna CEO Stéphane Bancel joins The Final Round to discuss all things related to coronavirus and the pharmaceutical industry. …read more […]

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Alphabet CFO Beats Back-to-Office Drum, Citing Tie to Innovation

(Bloomberg) — Alphabet Inc. Chief Financial Officer Ruth Porat says employees having the chance to work together in-person is key to fostering innovation, but the nature of work will inevitably change because of the Covid-19 pandemic.Porat, who is also CFO of Alphabet’s main Google business, spoke in an interview on The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg Television. Here are some other key insights from the discussion:Google’s original model of bringing employees together around a central campus is changing as the company re-imagines what work looks like because of the pandemic.Health care is a key area of growth for …read more […]

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Natural Gas Craters After Weak Demand, Glut Blindside Bulls

(Bloomberg) — For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain blindsiding traders on Thursday and sending prices plunging by the most in almost two years.U.S. inventories of the heating and cooling fuel expanded by 89 billion cubic feet to 3.614 trillion cubic feet last week, well above any analyst’s expectations. Stocks are growing despite two back-to-back heat waves that broke records across the western U.S., extreme temperatures that baked New York earlier this year, multiple hurricanes that have …read more […]

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Moody Mr. Market Gives Swing Traders an Opportunity

With more than 2,700 retail stores in 35 states and the District of Columbia, this week’s swing trade recommendation is a household name.
But when it reported impressive earnings growth last week, it took investors by surprise. The market overreacted… and created the perfect opportunity for swing traders.

Click here to discover my latest swing trade recommendation. And click here to check out my Nick’s Picks video series on YouTube.

Good investing,
Nicholas
The post Moody Mr. Market Gives Swing Traders an Opportunity appeared first on Investment U. …read more […]