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Trading Ideas

Barrick Gold (GOLD) Stock Is a Winner, But How Much Higher Can It Go?

It probably won’t come as much of a surprise to learn that Barrick Gold (GOLD), the world’s second largest gold mining company, is enjoying a successful 2020. Gold performs particularly well during global crises, and hardly any come any bigger than the current pandemic. As a result, the precious metal has been changing hands for prices not seen since 2013. Barrick has benefited from gold’s upward trend, with the mining stock up by 40% year-to-date.CIBC analyst Anita Soni argues Barrick stock has a way to go yet. The analyst reiterated an Outperform rating, while increasing the 12-month price target from …read more […]

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Trading Ideas

Which Style of Trading is Right for You?

Chief Income Strategist Marc Lichtenfeld explains why day trading isn’t for everyone. He shows how to find the best trading strategy for you based on your risk tolerance. There are options out there for every investor – and many of them are becoming more accessible by the day.
I can remember every detail about my first trade 30 years ago. Sitting on my living room floor, with my heart pounding in my chest, I called a broker at Waterhouse Securities. (There was no internet. You had to talk to a broker. And Waterhouse Securities no longer exists.)
I glanced at the research …read more […]

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Trading Ideas

Safest High-Yielding Dividend Stocks

In this edition of State of the Market, Marc Lichtenfeld reviews three of the safest high-yielding dividend stocks available.

Hi everyone Marc Lichtenfeld, Chief Income Strategist with The Oxford Club. Welcome to State of the Market. I want to start off by thanking the 2,000 plus of you who have subscribed to this channel. I’m glad you find the content useful so thank you very much.
You know last week we talked about the highest dividend yields in the market. And I said that size didn’t matter when it came to dividend yields, because what difference did it make if you had …read more […]

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Trading Ideas

BlackRock Says PNC to Sell Stake, Plans $1.1 Billion Buyback

(Bloomberg) — BlackRock Inc. said PNC Financial Services Group Inc. will exit its full investment in the world’s largest asset manager.PNC will offer the shares in a public secondary offering, BlackRock said in a statement Monday. As part of the transaction, BlackRock will buy back $1.1 billion in the shares directly from the firm.The decision concludes years of questions over how long PNC would hold on to its stake in BlackRock, where it was the largest holder at 22%. PNC played a crucial role in BlackRock’s history, acquiring it for $240 million in 1995. The move split it from alternative …read more […]

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Business News

Global equities markets waver, bonds dip on fears of second wave of infections

Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. economy could soon emerge from economic lockdown. Safe havens such as U.S. Treasuries edged higher in anticipation of further stimulus measures to limit the damage of the COVID-19 pandemic.

…read more […]

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Trading Ideas

Tesla reportedly restarts production at Fremont factory

On Saturday, Tesla filed a lawsuit against Alameda County for not allowing the company to restart operations at its factory based in Fremont, California, and CEO Elon Musk threatened to move Tesla’s headquarters to Nevada or Texas. By Monday, multiple reports emerged that employees were spotted at the factory, and that Tesla began making cars again. The Final Round panel discusses what’s next for the automaker. …read more […]