Trading Ideas
Beyond Meat, Best Buy earnings: What to know in markets Thursday
In a busy day for earnings announcements, investors will be paying close attention to reports from big box retailer Best Buy and Beyond Meat …read more […]
Year: 2020
Trading Ideas
A Slimmer Nokia Might Better Compete With Huawei
(Bloomberg Opinion) — The prospect is tantalizing: the Boeing Co. versus Airbus SE battle, but for the 5G era.Nokia Oyj, the Finnish telecommunications equipment firm, is contemplating asset sales and merger options, Bloomberg News reported on Wednesday. That raises the prospect of joining forces with Swedish rival Ericsson AB, thereby creating a European behemoth to compete more effectively with China’s Huawei Technologies Co.A tie-up would echo Europe’s cobbling together of Airbus in the 1960s and 1970s as a rival to U.S. aircraft-making giants like Boeing, setting up a fiercely contested duopoly that has dominated global aviation ever since. Unfortunately, it …read more […]
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Microsoft expects Windows unit to miss revenue outlook on coronavirus impact
Microsoft is the second company in the trillion dollar club to withdraw outlook. The software maker had previously expected the More Personal Computing unit, which houses Windows, to post third-quarter revenue between $10.75 billion and $11.15 billion. Its Windows and Surface computers had been more negatively impacted than expected, Microsoft said in a statement. …read more […]
Business News
Waymo joins backlash against California self-driving data requirement
Alphabet Inc’s Waymo and General Motors Co’s Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test data that the companies claim is not relevant or accurate in measuring performance or progress.
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Investor challenges coronavirus role in market turmoil: 'This is a story about Bernie Sanders'
A potential Bernie Sanders presidency is a bigger concern for Wall Street than the coronavirus outbreak, an investor told Yahoo Finance, with the leftist Vermont Senator solidifying his hold on the Democratic presidential nomination. …read more […]
Business News
Microsoft expects Windows unit to miss revenue outlook on coronavirus impact
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak, sending its shares down more than 1% in after-market trading.
Business News
Wall Street falls more slowly as investors parse coronavirus fears
The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout.
Business News
NMC Health removes CEO amid investigation of UAE firm’s finances
NMC Health has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as more details emerge from an investigation into the UAE healthcare firm’s finances.
Business News
Stocks, oil fall as coronavirus fears grip markets
Stocks and oil prices resumed their fall on Wednesday after authorities said more than 80 people were being monitored for the novel coronavirus in New York state’s Long Island, adding to concern over its spread in Europe, Asia and the Middle East.
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Apple’s Tim Cook defends decision to fight DOJ on iPhone ‘backdoor’
Apple CEO Tim Cook again defended his company’s decision not to introduce a so-called “backdoor” to its products that would give law enforcement greater access to the tech giant’s devices during criminal investigations. …read more […]
Business News
Senator Rubio seeks U.S. review of sale of AT&T unit to Czech-owned conglomerate
U.S. Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
Business News
Microsoft expects unit to miss revenue outlook on coronavirus impact
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak.
Trading Ideas
Will Annaly Finally Get an Upgrade This Year?
Annaly Capital Management (NYSE: NLY) is one of the most requested stocks in the Safety Net column.
That’s not a shock considering its attractive 9.9% dividend yield. But is that nearly double-digit yield safe?
A year and a half ago, I suggested that despite its “F” rating for dividend safety, Annaly could receive an upgrade if its net interest income (NII) increases to the point where the company can afford its dividend.
NII did not rise – and last May, I pointed out that once again, Annaly had an “F” rating.
Have things improved at all for the popular but beleaguered mortgage real estate …read more […]
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