Year: 2020

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Trading Ideas

Zoom Is a Great Company, But the Stock Is Overvalued, Says 5-Star Analyst

April 7, 2020 admin Comments Off on Zoom Is a Great Company, But the Stock Is Overvalued, Says 5-Star Analyst

Zoom’s (ZM) penetration of the mainstream came seemingly out of nowhere. It is hard to remember that outside of business circles, not many knew about the app two months ago. With the share price appreciating by 70% since the turn of the year, there’s no doubt it has been one of this strange period’s success stories. But has the stock climbed too fast, too soon? It appears one 5-star analyst thinks so.Brad Zelnick of Credit Suisse downgraded Zoom from Neutral to Underperform, although the price target gets a boost – from $95 to $105. The new figure indicates Zelnick foresees …read more […]

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Trading Ideas

Crude Clings to Gains With All Eyes on a Global Output-Cut Deal

April 7, 2020 admin Comments Off on Crude Clings to Gains With All Eyes on a Global Output-Cut Deal

(Bloomberg) — Oil held on to small gains as investors searched for signals that the world’s biggest producers will be able to strike a deal to end a price war and stabilize energy markets.Futures in New York rose more than 4% on Tuesday before trading close to little changed. Saudi Arabia and Russia are hammering out terms to a production agreement with OPEC+ talks planned for Thursday and a G-20 meeting of energy ministers set for Friday, according to people familiar with the matter.“There is uncertainty over whether a deal would be reached among OPEC+,” said Gene McGillian, vice president …read more […]

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Business News

U.S. SEC’s Clayton says companies seeking bailouts must disclose plans, communicate with investors

April 7, 2020 admin Comments Off on U.S. SEC’s Clayton says companies seeking bailouts must disclose plans, communicate with investors

The head of the U.S. Securities and Exchange Commission (SEC) said on Tuesday that companies in discussions about bailouts resulting from the economic impact of the coronavirus outbreak should disclose to investors where they stand.

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