Year: 2020

Customers put off buying new devices in the second half of September, leading the company to report its steepest quarterly drop in iPhone sales in at least three years. “We think this was most blatant in China, where 5G service is more accessible, with sales in the region declining 29% – also a bigger decline than we anticipated,” Angelo Zino, analyst at CFRA Research said on Thursday. Analysts also noted that the iPhone represents a larger portion of revenue in China than any other region, making the company more dependent on the business in the region. …read more […]

(Bloomberg) — Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields after posting a historic loss despite sweeping budget and job cuts.Exxon is confronting one of its biggest crises since Saudi Arabia began nationalizing its oilfields in the 1970s. The company lost $680 million, or 15 cents a share, during the third quarter, compared with the 25-cent per-share loss forecast in a Bloomberg survey of analysts. The shares fell 1.2% in pre-market trading.That was in stark contrast to Chevron Corp., which disclosed a surprise profit despite a gloomy outlook and the lowest …read more […]

*Note: All references to dollar values refer to Canadian dollars unless otherwise stated.TORONTO, ON, Oct. …read more […]

The largest U.S. oil producer by volume plans to cut its capital spending for 2021 to between $16 billion to $19 billion from a planned $23 billion this year. Exxon has not had writedowns in shale fields this year and has long said it believes demand will grow for its products as more people join the middle class globally. Exxon’s third-quarter net loss was $680 million, or 15 cents per share, compared with a profit of $3.17 billion, or 75 cents per share, a year earlier. …read more […]

In this article we are going to estimate the intrinsic value of DHT Holdings, Inc. (NYSE:DHT) by taking the forecast… …read more […]

Botox, which AbbVie gained through its $64 billion acquisition of Allergan in May, suffered an initial hit during the peak of the health crisis, but demand has since improved. AbbVie’s portfolio of aesthetic medicines such as Botox was showing a “V-shaped recovery,” Chief Executive Officer Richard Gonzalez said in a statement. Humira brought in sales of $5.14 billion and AbbVie’s newer psoriasis medicine Skyrizi generated $435 million in the quarter ended Sept. 30. …read more […]

The Netflix money-minting machine looks to be ramping up even further. …read more […]

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Shareholders might have noticed that eBay Inc. (NASDAQ:EBAY) filed its quarterly result this time last week. The early… …read more […]

Knowing what the current and historic returns are for every type of investment, the smart investor will curtail his ambitions to what is reasonable to expect.
For example, the smart investor plans to get 8% to 12% on his stock portfolio over time. He doesn’t try to get much more than that. He knows that if he does try, he will probably make much less. (Studies show he’ll probably make only 2% to 3%.)
The same is true of every other asset class – government securities, corporate bonds, convertible bonds, natural resource stocks, penny stocks, private placement deals, commodities, currencies, real estate, …read more […]

There’s been a notable change in appetite for The Boeing Company (NYSE:BA) shares in the week since its quarterly… …read more […]

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically… …read more […]

(Bloomberg) — Prosus NV plans to buy back a combined $5 billion of shares in itself and its South African parent Naspers Ltd. in a move designed to boost shareholder value and narrow a discount between the e-commerce giant and its stake in Tencent Holdings Ltd.The group will aim to pick up $1.37 billion of its own stock and $3.63 billion of Naspers, Amsterdam-based Prosus said in a statement on Friday. The purchase will start following the release of half-year earnings on Nov. 23.“Over the years, our group has achieved improved financial flexibility. It has built a portfolio of e-commerce …read more […]

Top news and what to watch in the markets on Friday, October 30, 2020. …read more […]

The world’s largest initial public offering (IPO) is breaking records in Hong Kong’s stock market history and soaked up more than half of the money in circulation as investors spent an unprecedented amount of cash to win a piece of the world’s biggest online payments company.Almost 1.5 million retail investors put in HK$1.3 trillion (US$167.7 billion) in Ant Group’s retail offering in Hong Kong as of 11am local time, according to people familiar with the matter. That amounted to 394 times over the initial number of shares on offer, they said. The ratio is likely to increase further after the …read more […]