Month: October 2020

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The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’

October 19, 2020 admin Comments Off on The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’

Markets thrive on risk, but risk is hard to talk about. It’s easy to fall back on cliches – buy low and sell high, or the bulls and bears make money while the pigs get slaughtered – but those cliches have drifted into common parlance for a reason. They have a grain of truth.Buying low and selling high has always been known as the way to make a profit, from the earliest days of human barter. And whether the market is moving up or down, whether investors follow a bullish or a bearish strategy, it’s possible to turn that profit.So, …read more […]

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American Equity Opts for Brookfield Tie-Up, Snubs Takeover

October 19, 2020 admin Comments Off on American Equity Opts for Brookfield Tie-Up, Snubs Takeover

(Bloomberg) — American Equity Investment Life Holding Co. confirmed it plans to launch a new partnership with Brookfield Asset Management Inc. after rejecting a proposed $3 billion takeover from Athene Holding Ltd. and Massachusetts Mutual Life Insurance Co.American Equity said in a statement that under the partnership, Brookfield will acquire a 19.9% stake in the insurer for roughly $37 a share, or a 15% premium on where the stock closed Friday. Brookfield will also take a seat on American Equity’s board as part of the arrangement, the companies said in separate statements, confirming an earlier report by Bloomberg News.“This compelling …read more […]

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Stimulus Deal Before Election Hangs on Pelosi’s Tuesday Cutoff

October 19, 2020 admin Comments Off on Stimulus Deal Before Election Hangs on Pelosi’s Tuesday Cutoff

(Bloomberg) — The fate of additional stimulus for the U.S. economy before next month’s election will be decided this week, with House Speaker Nancy Pelosi setting a Tuesday deadline to reach an agreement with the White House — though it remains doubtful that the Republican-controlled Senate will accept any deal they strike.President Donald Trump said he’s ready to match the $2.2 trillion spending levels demanded by Democrats — or go higher — despite repeated warnings by Senate Majority Leader Mitch McConnell that most GOP senators will oppose any coronavirus relief package that big.“I want at a bigger number than she …read more […]

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Conoco to Buy Concho for $9.7 Billion to Create Shale Giant

October 19, 2020 admin Comments Off on Conoco to Buy Concho for $9.7 Billion to Create Shale Giant

(Bloomberg) — ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field.Investors will get 1.46 Conoco shares for each Concho share, the companies said Monday in a statement. The transaction represents a 15% premium over Concho’s closing price on Oct. 13, the last trading session before Bloomberg News first reported the companies were in talks.The pandemic-induced price crash and lackluster global economic recovery have accelerated the push for consolidation …read more […]