Year: 2020

Insiders load up on Delta Air Lines, Huntington Bancshares, Freeport-McMoRan and Discover Financial Services Continue reading… …read more […]

A third person has died following a blast this week at a Chesapeake Energy Corp well site in Burleson County, Texas, according to a local media report. Brian Maldonado, 25, of San Diego, Texas, succumbed on Saturday morning to injuries he suffered during Wednesday’s blast, the Alice Echo News Journal reported, citing family and friends. Attempts by Reuters to reach Maldonado’s relatives were not immediately successful. …read more […]

Investment guru Jim Cramer slammed oil major stocks this week, saying that institutional investors want nothing to do with oil and gas because of concerns about climate change …read more […]

Oil and gas bankruptcies are piling up, and with crude prices likely to remain lower for longer, 2020 is already shaping up to be another tough year for producers …read more […]

(Bloomberg) — OPEC and its allies considered how to respond to a plunge in oil prices, with Russia signaling for the first time it was open to Saudi Arabia’s push for an emergency meeting.Potential dates being discussed are Feb. 8-9 and Feb. 14-15, though for now the next regular meeting on March 5-6 remains on the schedule, a delegate said.For days, the kingdom has been pressing to bring forward a meeting of the coalition, as the threat to demand from Asia’s coronavirus pushes prices to a six-month low. Russia has been rebuffing the requests and even on Friday said more …read more […]

Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software giant and an ongoing turnaround story. Bearish calls included telecom and electric vehicle leaders. …read more […]

The FDA approved Palforzia allergen powder for treating patients with confirmed diagnosis of peanut allergy, the Brisbane, California-based company said in a late Friday release. An FDA panel, which reviewed the BLA for Palforzia back in September, voted 7-2, recommending the approval on the grounds of efficacy and safety. Palforzia is an oral immunotherapy meant to mitigate allergic reactions, including anaphylaxis that may occur with accidental exposure to peanut. …read more […]

This weekend’s Barron’s cover story explores the world of global dividend stocks. Nicholas Jasinski’s “T-Mobile Stock Is a Winner — Sprint Merger or Not” points out that a federal judge is expected to rule on the T-Mobile Us Inc (NASDAQ: TMUS) merger in the coming weeks. Regardless of the outcome, its shares look attractive, says Barron’s. …read more […]

(Bloomberg) — PG&E Corp. said it will overhaul its board of directors, bring in safety experts and create regional operating units as part of a broad reorganization proposal aimed at winning state approval for its bankruptcy exit.PG&E detailed the organizational changes in filings late Friday with the California Public Utilities Commission and U.S. bankruptcy court. The company will seek new board members with extensive safety experience and wants half of its directors to reside in California. The utility will also appoint an independent safety adviser who would take over after the term of its federal probation monitor ends, according to …read more […]

Billionaire Democratic presidential candidate Mike Bloomberg is unveiling a tax plan that would target the wealthy — increasing rates on capital gains and corporate gains as well as introducing a new 5% surtax on incomes above $5 million. Campaign officials, who spoke on condition of anonymity to discuss the tax plan details, said it would raise roughly $5 trillion over 10 years, though that figure could be adjusted higher or lower based on the funding needs of Bloomberg’s policy agenda. Bloomberg is expected to discuss the plan on Saturday at the opening of his campaign’s Denver office. …read more […]

Sometimes it’s hard to own bonds when stocks seem to be going straight up. It’s easy to feel left out.
The temptation is always there to pull a little bit of cash out of the bond portfolio and put some into what are termed “FAANG” stocks:

Facebook (Nasdaq: FB)
Amazon (Nasdaq: AMZN)
Apple (Nasdaq: AAPL)
Netflix (Nasdaq: NFLX)
Google’s parent company, Alphabet (Nasdaq: GOOGL).

These are the most popular and best-performing American tech stocks of our time.
When we go to cocktail parties and some of our friends want to brag about how well their equity portfolios have performed, these are the names we hear over and over …read more […]