Month: October 2020

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These 3 Chip Stocks Look Like Bargains, Say Analysts

October 14, 2020 admin Comments Off on These 3 Chip Stocks Look Like Bargains, Say Analysts

As artificial intelligence and 5G technologies expand into more and more niches, and pick up more customers and users, the demand for semiconductor chips is growing – and the chip industry has proven resilient in the face of coronavirus and a general economic turndown. The iShares PHLX Semiconductor ETF (SOXX) is up 32% year-to-date, beating the S&P 500’s 8% gain.The strength of the chip industry has attracted notice from some of Wall Street’s top stock analysts. These analysts aren’t just looking at the big names in the chip industry; the less well-known, mid-cap companies have also been sparking analyst interest. …read more […]

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U.S. Oil Production Has Already Passed Its Peak, Occidental Says

October 14, 2020 admin Comments Off on U.S. Oil Production Has Already Passed Its Peak, Occidental Says

(Bloomberg) — America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.“It’s just going to be too difficult to replace the 2 million barrels a day of production that we’ve lost, and then to further grow beyond that,” Chief Executive Officer Vicki Hollub said Wednesday at the Energy Intelligence Forum. “Over the next three to four years there’s going to be moderate restoration of production, but not at high growth.”Occidental is one of the biggest producers in the U.S. shale …read more […]

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Hedge Funds Are Piling Into Rigel Pharmaceuticals, Inc. (RIGL)

October 14, 2020 admin Comments Off on Hedge Funds Are Piling Into Rigel Pharmaceuticals, Inc. (RIGL)

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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Navistar Plunges on VW’s Traton Putting Deal in Jeopardy

October 14, 2020 admin Comments Off on Navistar Plunges on VW’s Traton Putting Deal in Jeopardy

(Bloomberg) — Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, dousing hopes for a richer offer than the $3.6 billion dangled last month.VW’s Traton SE unit said that its $43-a-share offer expires at 6 p.m. Central European Time on Friday and will be withdrawn unless it’s notified of a willingness to proceed. Navistar signaled last month it would seek a higher bid than what Traton offered.The price “represents our best and final offer,” Traton said in a letter to Navistar’s board of directors. Navistar shares plunged as much as 21% to $35, …read more […]

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Roblox IPO: Gaming Company Confidentially Filed with SEC

October 14, 2020 admin Comments Off on Roblox IPO: Gaming Company Confidentially Filed with SEC

On Monday, the company announced a Roblox IPO was confidentially filed. After a year of growth and the success of one of its competitors, Unity (NYSE: U), Roblox decided it was time for Roblox stock to hit the market.
But is Roblox a good investment opportunity? Here’s what we know…
Roblox IPO: The Business

CEO David Baszucki and former VP Erik Cassel founded Roblox in 2004. Released in 2006, Roblox is an online gaming platform and game creation system. It lets users create games and play games made by other users. Roblox’s games are free to play. However, to do more things and …read more […]