No Picture
Trading Ideas

SAP Cuts 2020 Sales Outlook Citing Covid-19 Impact on Demand

(Bloomberg) — SAP SE cut its revenue forecast for the full year and said it expects the coronavirus pandemic to hurt demand through “at least” the first half of 2021 as a fresh wave of lockdowns hits businesses globally.The pandemic will delay SAP’s goals for cloud revenue, overall sales and operating profit by one or two years, especially in hard-hit industries, the German software company said in a statement on Sunday.Chief Executive Officer Christian Klein, who became sole CEO in April, has been trying to navigate spending freezes from business customers trying to ride out the Covid-19 lockdowns this year. …read more […]

No Picture
Trading Ideas

The Positive Developments Keep Piling up at General Motors (GM)

Momentum is building for auto heavyweight General Motors (GM), with shares rising nearly 25% so far this month. Investors are obviously getting behind a recent slew of positive developments.Last week, GM revealed its new all-electric GMC Hummer EV pickup truck, which the company boasts is the world’s first all-electric super truck.GM also disclosed its plans to invest over $2 billion into 6 US facilities, whilst the auto giant has also pledged $2 Billion to turn a former Saturn plant at Spring Hill, Tennessee into a manufacturing site for the Cadillac Lyriq EV, which means it now has 3 separate US …read more […]

No Picture
Trading Ideas

Airbnb Tells Shareholder Group Board Has Approved Share Split

(Bloomberg) — Airbnb Inc. is splitting its privately held shares ahead of a planned initial public offering, according to an email reviewed by Bloomberg News.The company said in an email to some of its shareholders that the board of directors has approved a two-for-one split of the shares. The split will be reflected in their accounts on Tuesday, according to the email.After the split, the company’s shares are valued at $34.88 apiece, according to the email.A representative for San Francisco-based Airbnb declined to comment.Airbnb is planning to go public later this year. A two-for-one stock split reduces the price of …read more […]

No Picture
Trading Ideas

3 Monster Growth Stocks That Have Legs for Future Gains

Which investment strategy has stood the test of time? Growth investing. The pros from Wall Street argue that stocks with outsized growth prospects reflect some of the most compelling plays out there. This growth potential extends beyond the near-term, with these names set to deliver handsome returns through 2020 and beyond. That said, finding stocks that fall into this category can be challenging, to say the least. According to the analysts, one strategy is to take a step back and look at the big picture, focusing on the names that stand to see long-term growth on top of their impressive …read more […]

No Picture
Trading Ideas

Amazon Wins Order to Stall $3.4 Billion Reliance-Future Deal

(Bloomberg) — Amazon.com Inc. secured relief in its dispute with Future Group after a court put a temporary hold on Future’s $3.4 billion sale deal with Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.An arbitration court in Singapore restrained Future Retail Ltd. and its founders from going ahead with the sale of assets, according to people with knowledge of the matter, who asked not to be identified as the proceedings were private. The ruling was on Amazon’s request for an interim order before main tribunal hearings start.In an emailed statement late Sunday in Mumbai, Amazon said it got all the relief …read more […]

No Picture
Trading Ideas

Pelosi, White House Say Each ‘Moving the Goalposts’ on Stimulus

(Bloomberg) — House Speaker Nancy Pelosi said the chamber could pass a pandemic relief plan this week, though a deal with the White House remains elusive and the Republican-led Senate might not act before the Nov. 3 U.S. election.Pelosi and White House Chief of Staff Mark Meadows accused each other of “moving the goalposts” on stimulus legislation in back-to-back Sunday interviews on CNN, showing why there’s so much pessimism among U.S. lawmakers that a deal can be reached before Election Day. Pelosi cited a continuing lack of agreement on funding for stemming the coronavirus pandemic and on aid related to …read more […]

No Picture
Trading Ideas

Qatar signs deal to buy Moderna COVID-19 vaccine

Qatar has signed an agreement with drugmaker Moderna Inc to buy its potential COVID-19 vaccine as soon as it is approved and released for global use, state news agency QNA quoted a health official as saying on Sunday. There are no internationally approved vaccines yet, but several are in advanced trials, including from Pfizer Inc , Johnson & Johnson and Moderna. “Negotiating early and securing a number of agreements enhances our chances of getting sufficient quantities of the vaccine early,” said Abdullatif al-Khal, chair of a national COVID-19 health group and head of infectious diseases at …read more […]