Month: September 2020

Boeing Co is submitting to an independent review of its compliance and ethics practices, according to an agreement struck with NASA and the U.S. Air Force and seen by Reuters, part of widening fallout from its behavior in bidding to supply lunar landing vehicles. The agreement, signed in August, comes as federal prosecutors continue a criminal investigation into whether NASA’s former human exploration chief, Doug Loverro, improperly guided Boeing space executive Jim Chilton during the contract bidding process. By agreeing to the “Compliance Program Enhancements”, the aerospace heavyweight staves off harsher consequences from NASA and the Air Force …read more […]

J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion (1.35 billion pounds) to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said. Mall owners Simon Property Group Inc and Brookfield Property Partners LP have teamed up to acquire J.C. Penney’s retail operations and are putting the finishing touches on an agreement, Joshua Sussberg, a Kirkland & Ellis LLP lawyer representing the company, said during a …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

2020 has been good so far for the semiconductor sector. The SOX (PHLX Semiconductor Index) – the industry’s overall barometer – is up by 18%, way in front of the S&P 500’s 5% uptick. One chipmaker that has gotten attention lately is Broadcom (AVGO). A strong showing in the company’s latest quarterly statement has just received widespread approval from Street analysts.Count Rosenblatt analyst Hans Mosesmann among those impressed. Following the earnings report, the 5-star analyst reiterated a Buy rating and raised his price target from $370 to $430. The implication for investors? Upside of 19% from current levels. (To watch …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

(Bloomberg) — The owner of the Triple Crown-winning horse American Pharaoh filed for personal bankruptcy protection, seeking to discharge more than $19 million of debts.Ahmed Zayat’s Chapter 7 bankruptcy case, filed in New Jersey, lists around $1.9 million of assets and $19.4 million of liabilities, most of which are business obligations, court records show. Zayat’s stables are listed as insolvent in the papers filed Tuesday.Zayat’s attorney Jay Lubetkin didn’t immediately respond to messages seeking comment. A Chapter 7 bankruptcy allows a borrower to liquidate certain assets to compensate creditors without filing a repayment plan.The filing lists between 100 and 199 …read more […]

Why should Bryan have all the fun?
Given the popularity of our video series, it’s about time that I jumped on the bandwagon.
And today I’ll give you one of the most important trading lessons ever…
I’ll tell you the one thing you should never do when placing a trade.
It’s so simple – and can save you so much money – yet I see traders making this mistake time and time again.
Never do this when trading. Check it out below…

For real-time guidance, trade recommendations, market insights and more… join me in The War Room now!
P.S. Join me and Bryan at Cliff House in …read more […]

Just eight days after AstraZeneca (AZN) announced the expansion of clinical trials of its AZD1222 vaccine against coronavirus into randomized, double-blind, placebo-controlled Phase 3 in the U.S., disaster struck. Medical journal Stat reported (and this report was later confirmed by AstraZeneca itself) “a suspected serious adverse reaction in a participant in the United Kingdom” Phase III trial conducted by AstraZeneca and the University of Oxford.AstraZeneca gave no further details on the adverse reaction in question. Indeed, in reporting on the news, J.P. Morgan analyst Cory Kasimov characterized AstraZeneca’s brief comments on Stat’s article as containing “zero details” on precisely what …read more […]

Tesla Inc (NASDAQ: TSLA) rebounded by 11% on Wednesday after logging its worst day in history on Tuesday. Tesla shares are now down 27% in September, and option market activity on Wednesday suggests some deep-pocketed traders are taking notice.The Tesla Trades: On Wednesday morning, Benzinga Pro subscribers received 13 alerts related to unusually large Tesla option trades. Here are the largest: * At 9:30 a.m. ET, a trader sold 308 Tesla call options with a $300 strike price expiring on Friday. The contracts were sold near the bid price at $57.717 and represented a $1.77 million bearish bet. …read more […]

If you think plastic pollution is a problem only on roadsides and beaches, consider the old adage “What goes around, comes around.”
A recent study found that sea salt around the world has been tainted by plastic. These particles have been identified in sea salt in China, France, Spain, the U.K. and the U.S.
Other studies have found high plastic levels in shellfish, beer and water – both bottled and from taps.
That’s a big concern. It means microplastics are now in the human food chain.
The average American could be swallowing more than 660 pieces of microplastic annually from sea salt. And the …read more […]

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Leading the charge towards development of a COVID-19 vaccine proved very profitable for unprofitable biotech Moderna (MRNA) this year. Despite a 10-year history of never earning money, Moderna stock soared nearly 500% at one point this summer, topping out just short of $95 a share, on hopes that its mRNA-1273 vaccine would be the solution that stops coronavirus in its tracks.But enough is enough, says investment banker SVB Leerink.SVB Leerink analyst Mani Foroohar cited a perfect storm of bad news in explanation for his decision to downgrade Moderna stock from “market perform” to “underperform” — and to cut his price …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Annaly Capital Management’s dividend safety.
In February, I analyzed the dividend safety of Annaly Capital Management (NYSE: NLY), one of the most frequently requested stocks in the Safety Net column.
At the time, I said that until the company proves it can lift net interest income above how much it pays in dividends, it gets a very solid “F” rating. And sure enough, a few months later, it cut its quarterly dividend from $0.25 per share to $0.22.
Back in February, Annaly was expected to generate $1.77 billion in net interest income …read more […]

J.C. Penney has reached a deal to sell itself to a group of mall owners and lenders in a move that would likely save the chain from liquidation. …read more […]