Year: 2020

As restrictions tightened in Europe amidst rising new coronavirus cases, U.S. stocks went into a tailspin this week. Of course, the aviation sector wasn’t spared, and despite better than expected Q3 earnings, neither was Boeing (BA). The stock ended the week down 14%, further adding to 2020’s poor performance. Expectations were low heading into the quarter’s print, and despite posting a fourth consecutive quarterly loss, Boeing’s third-quarter results came in ahead of Wall Street estimates.Revenue dropped by 29.4% year-over-year, yet at $14.1 billion still beat the Street’s forecast by $140 million. The loss on the bottom line wasn’t as bad …read more […]

Shares of Qualcomm (QCOM) might have dropped along with the broader market in this week’s bloodbath, but the decline was counterbalanced by some good news.The U.S. Court of Appeals for the Ninth Circuit sided with Qualcomm when denying the FTC’s (Federal Trade Commission) request for an en banc hearing.The FTC filed its petition on Sep 25 following the Ninth Circuit Appellate Court’s ruling to reverse a lower-court decision against Qualcomm.Qualcomm had originally lost an antitrust case against the FTC after it accused the chipmaker of anticompetitive patent licensing in an attempt to tighten its grip on the smartphone modem chip …read more […]

(Bloomberg) — It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting another dismal set of quarterly earnings: “Prices will have to rise.”After months of low oil and gas prices driven by weak demand, the world’s largest international oil companies have largely exhausted their financial defenses, leaving little room to maneuver if they’re dealt further blows. Exxon Mobil Corp., Chevron Corp., Royal Dutch Shell Plc, Total SE and BP Plc have already reduced 2021 spending probably to as much as they can.With the exception of …read more […]

The markets were in turmoil this week, with all three major indexes in the red. The specter of further European lockdowns amid rising coronavirus cases, the uncertainty surrounding the upcoming US election, and the mixed earnings results from the FAANG group, all resulted in Wall Street’s worst week since March.Among the very few outliers, shares of General Electric (GE) have managed to weather the market storm, after investors applauded the industrial heavyweight’s surprisingly solid earnings display.Specifically, GE delivered 3Q revenue of $19.4 billion, beating the Street’s forecast by $460 million. Non-GAAP EPS of $0.06 came in ahead of the estimates …read more […]

It was a busy week at Advanced Micro Devices’ (AMD) HQ. Q3 earnings, and confirmation of a $35 billion Xilinx takeover have been followed by a new product launch.On Wednesday, AMD announced the release of the first products based on its gaming optimized RDNA 2 architecture: The Radeon RX 6800, the Radeon RX 6800 XT and the Radeon RX 6900 XT, priced at $579, $649 and $999, respectively. Code named Big Navi, the desktop GPUs will hit the shelves on November 18 (RX 6800 and 6800 XT) and December 8 (RX 6900 XT).“Importantly,” said Deutsche Bank analyst Ross Seymore, “This …read more […]

First off, please mark your calendar to join me and Bryan LIVE on Wednesday, November 4, at 1 p.m. ET for our first-ever Election Survival Summit, an action-packed discussion on what you should do with your money.
Will we know who the next president will be? Perhaps…
The markets could be going nuts like Black Friday at Walmart or staying as calm as a Wisconsin lake in mid-August. We just don’t know, and that is why we’ll be live, analyzing the markets in real time, assessing where to deploy capital and where to pull back from.
You don’t want to miss it. Click …read more […]

If there were any doubts left about whether the market would be “risk-on” or “risk-off” going into the election, Friday’s selloff pretty much iced it. The toggle has switched to the off position.The late-week meltdown ignited after earnings from four of the five FAANGs that were mostly positive, but perhaps lacking in the guidance department (see more below). Combine that with the resurgence of COVID-19, the Senate adjourning with no more progress on a stimulus package, and the culmination of a long and contentious election season, and it’s no wonder investors seem ready for a break. Even before FAANG earnings …read more […]

Vaccine specialist Moderna (MRNA) reported its fiscal Q3 2020 financial results Thursday morning. Let’s run down the basic financial news first, and turn to the vaccine that everyone really wants to hear about: Q3 was kind of a weird quarter for Moderna from a financial perspective. On the one hand, an explosion in grant revenue tied to the COVID-19 pandemic sent revenues soaring 830% to $157.9 million. On the other hand, though, expenses soared as well — up 166% to $393 million.And because $393 million is more than $157.9 million Moderna lost money.A lot of money.$0.59 per share to be …read more […]

The cannabis sector is a fascinating topic. It’s new, its legal status is shifting as society pushes the state legislatures, and that combination is creating opportunities for companies and investors alike. Which brings us to the disparate policy potentials of the major heading into the November election.To start with, the Republican platform simply does not prioritize cannabis legalization. The substance in illegal now, and Rs are not likely to change that any time soon. But – the Trump Administration has not been taking explicit anti-cannabis actions, and has allowed states which have legalized the drug, whether for medial or recreational …read more […]

(Bloomberg) — When talking about the biggest company in the world, it’s not unusual for there to be eye-popping numbers. But Apple Inc.’s latest superlative is not one investors would like to see.Since becoming the first American company to surpass $2 trillion in market value in August and peaking last month, the iPhone maker has lost $450 billion, wiped out by a 19% slump.The latest bout of selling — a 5.6% drop on Friday — took out more than $120 billion alone. Apple’s now worth $1.85 trillion and still the most valuable U.S. company, but the amount shaved from its …read more […]

Longer-dated Treasury debt sold off on Friday afternoon, steepening the yield curve to the widest since June, as investors anticipated the deluge of supply that would come from a post-election stimulus package. Investors pulled money out of the U.S. stock market, on track for its worst week since March, on rising COVID cases and election jitters. The benchmark 10-year yield was last up 3.1 basis points to 0.867%. …read more […]

Electric automaker Fisker completed its new spac merger and debuted at the New York Stock Exchange on Friday. Henrik Fisker, Fisker Inc. Chairman and CEO, Yahoo Finance’s Myles Udland and The Final Round panel to discuss the new IPO and what to expect from the company. …read more […]

(Bloomberg) — Chesapeake Energy Corp. and Franklin Resources Inc. will need to defend their debt restructuring plan in December from attack by unsecured creditors who claim the proposal is built on a fraudulent scheme, a judge said Friday.U.S. Bankruptcy Judge David Jones said he’ll consider the creditors’ claims Dec. 15 when he decides whether to approve Chesapeake’s proposal to exit bankruptcy by handing the company to senior lenders including Franklin. Jones also approved a disclosure statement that creditors will use to decide how to vote on Chesapeake’s reorganization plan.Between now and Dec. 15, a committee of unsecured creditors will prepare …read more […]

While today’s stock markets involve millions of complex transactions each day, a quick review of stock market history reveals a much simpler origin. The first stock exchange did not involve any exchange of actual stocks. Instead, the earliest example involved the buying and selling of debt.

Market Data by TradingView

The Beginning of the Stock Market
Before true stock markets were developed, moneylenders in Europe created an exchange system that was similar to a stock market. At the time, moneylenders performed a role similar to today’s banks. They loaned money to people and governments. Then, lenders would trade these debts with other lenders.
Soon, …read more […]

Call options are financial contracts that give the holder the right – but not the obligation – to purchase an underlying stock or asset at a specified price at a specified time or up until that specified time. Generally, when an investor buys a call option, they think the price of the underlying stock will go up and the option holder will make money as the price of the underlying stock increases.
You can buy call options to speculate on stock prices and magnify your returns. Or, you can sell them to collect income if you are bearish on the price …read more […]