Year: 2020

VANCOUVER, BC, Oct. 28, 2020 /CNW/ – Africa Energy Corp. …read more […]

(Bloomberg) — Few initial public offerings have aroused more anticipation than the blockbuster listing of Jack Ma’s Ant Group Co.Demand for the record $34.5 billion IPO has been so strong this week that Ant decided to stop taking orders from big investors a day earlier than planned. In Shanghai, initial bids exceeded supply by more than 280 times. Some mom-and-pop investors in Hong Kong are taking on 20 times leverage to supercharge their bets.Still, a smash-hit IPO doesn’t always translate into a long-term winner for investors. In Ant’s case, what could go wrong?Here are some of the biggest risks:RegulationAnt’s meteoric …read more […]

(Bloomberg) — Deutsche Bank AG raised the outlook for the investment bank after its debt traders snapped a long streak of losing market share with a Wall Street-beating result that more than offset weakness in the corporate bank.Income from trading fixed-income securities and currencies at Germany’s largest lender rose 47% in the third quarter, compared with an average of 25% for the five biggest U.S. investment banks. Among the large investment banks have reported earnings so far, only Goldman Sachs Group Inc. did better with a 49% increase. Overall, results topped estimates with the bank posting an unexpected profit of …read more […]

Operating income at the film and TV division of Japanese entertainment and electronics giant Sony slipped to $299 million for the three month period from July to end of September 2020, compared to $366 million in the equivalent period last year. At group level the Japanese giant reported largely unchanged revenues of JPY2.11 trillion for […] …read more […]

Apple (AAPL) will report FQ4 earnings on Thursday evening in what will as per usual be one of earnings season’s highlights. This September quarter’s results, however, will have a different flavor, due to the well-publicized delay to the new iPhone’s release. An issue Deutsche Bank analyst Jeriel Ong believes will be on investors’ minds when Apple releases its quarterly financial results.“We expect a solid Sept-qtr report from AAPL, but see investors overlooking any recent strength/weakness and focusing on the Dec-qtr given the recent iPhone release and impact on guidance and the Mar-qtr beyond, as this is the first time that …read more […]

Back in April, Deutsche Bank analyst Michael Linenberg forecast that by 4Q20, American Airlines (AAL) will be will generating 65% of 4Q19’s revenue – i.e. a year-over-year revenue decline of 35%. But making any forward predictions in 2020 has been a thankless task, as Linenberg now admits: “What did we really know in April as we were attempting to make a fair assessment of the industry at the depths of the downturn?”Since then it has become clear that this target was too optimistic. Linenberg now expects December quarter revenue to contract by as much as 65%.Although the figure is a …read more […]

Many companies will be eager to put 2020 behind them and surely so will Boeing (BA). The A&D giant had issues to contend with prior to the viral outbreak, but these were exacerbated by COVID-19’s ruinous impact on the airline industry.Reduced long-term commercial jet demand, aircraft delivery cancellations, terrible earnings and a scathing verdict from Congress for the design mistakes that led to the two deadly crashes of Boeing’s grounded jetliner, the 737 Max, have all been on the agenda in 2020.As a result, BA shares are down by a massive 52% so far this year.Heading into Wednesday’s Q3 earnings, …read more […]

On CNBC’s “Trading Nation,” Todd Gordon said he’s bullish QUALCOMM, Inc. (NASDAQ: QCOM) and he will likely add it to his portfolio.Gordon is bullish because Qualcomm’s chips are included in iPhone 12 and Apple Inc. (NASDAQ: AAPL) intends to include them in future models as well. He also sees a new tech boom with the 5G cycle. Technically, there is a big support at $125 and Gordon expects the stock to bounce off that price level. He also likes Qualcomm’s recent relative strength.Traders who want to buy Qualcomm should use options because of the election and the earnings, thinks Gordon. …read more […]

Coinbase has halted trading on its platform as bitcoin crawls to 2019 highs. …read more […]

Today’s video answers one of the most commonly asked questions I get…
What does a typical day in The War Room look like?
If you’ve never been inside The War Room – I can tell you – it’s unlike anything you’ve ever experienced before.
Want a sneak peek?
Then check this out…

P.S. We just launched Trade of the Day Plus!
For all you who have been asking, here’s the deal with Trade of the Day Plus. As I’m sure you know, most of the stock picks that Karim and I make here in Trade of the Day turn into monster winners. But many times, Trade …read more […]

One of the top investors of this generation just sounded a warning signal…
And given his multidecade streak of outperformance, we would be foolish not to listen.
In fact, I’ve been pounding the table about many of these same signals here at Wealthy Retirement for several months now.
But not to worry…
While there’s risk, there’s also opportunity.
An Ominous Warning
In very few endeavors is experience more valuable than it is in investing.
While history never repeats, it often rhymes. Lessons learned in the past can be applied in the present to avoid trouble and seize opportunity.
And few people have more investing experience – or brainpower …read more […]

Stock futures opened lower Tuesday evening after another volatile day on Wall Street, with investors continuing to digest still-elevated coronavirus case counts in the U.S. and Europe, weighing outcomes of Election Day next week and contemplating when another round of fiscal stimulus out of Washington might get passed. …read more […]

(Bloomberg) — Microsoft Corp.’s first-quarter revenue climbed a better-than-projected 12%, strengthened by corporate demand for cloud-computing services to support customers’ remote workers and move more of their business online.Sales in the period that ended Sept. 30 rose to $37.2 billion, the software maker said Tuesday in a statement. That exceeded the $35.8 billion average estimate of analysts polled by Bloomberg, and marked Microsoft’s 13th straight quarter of double-digit revenue growth. Net income was $13.9 billion, or $1.82 a share. Analysts had predicted $1.54 a share.Since the pandemic started, business customers have accelerated a shift to Microsoft’s Azure internet-based computing services …read more […]

(Bloomberg) — Lisa Su spent her first six years at the helm of Advanced Micro Devices Inc. turning around the troubled chipmaker. She slashed debt and oversaw products that launched on time and performed as advertised.Now she’s going beyond cleanup to challenge Intel Corp. for the lead in computer chips.The 51-year-old engineer — among the few female CEOs in technology — unveiled a $35 billion all-stock acquisition of Xilinx Inc. on Tuesday, one of the largest chip deals ever. In interviews and conference calls, Su made it clear there are few limits to her ambition.“We have an even bigger place …read more […]

(Bloomberg) — Wells Fargo & Co. shares fell to their lowest level in more than a decade Tuesday as investors awaiting Chief Executive Officer Charlie Scharf’s strategy absorbed the prospect of job cuts and likely business sales.Shares declined 3.9% to their lowest since June 2009, dipping further than the 24-firm KBW Bank Index. Scharf, who took over last October, has been reviewing each of the firm’s businesses and is preparing to lay out his turnaround plan for the embattled lender. He’s said he would provide more information to investors in January.Scharf has promised a simpler structure, and is examining sales …read more […]