Year: 2020

Gilead Sciences (GILD) notched a first last week, when its antiviral coronavirus treatment Veklury (remdesivir) received full FDA approval.The treatment had previously been granted emergency use authorization (EUA), but the complete go ahead from the regulatory body makes it the first treatment to make it across the finish line.However, ultimately, Raymond James analyst Steven Seedhouse does not expect the long-awaited approval to have the impact investors might hope for.“The formal FDA approval doesn’t change our estimates or outlook for remdesivir, given it has already been branded standard-of-care prior to formal approval,“ Seedhouse said. “But the label and approval is pretty …read more […]

Mark McMeans’ Brasada Capital Management is a Houston-based long/short equity hedge fund founded in 2008. The fund takes a conservative approach to its investments, including using hedging and risk management strategies to achieve its desired risk-adjusted returns. The fund’s assets under management more than doubled between early-2017 and early-2018, and topped $542 million in the […] …read more […]

The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo, the source added, asking not to be identified. Bloomberg reported earlier that Las Vegas Sands is working with an adviser to solicit interest from potential suitors. Chairman and chief executive of the group, Sheldon Adelson, said in the second quarter that a “recovery process from the COVID-19 pandemic in each of our markets is now under way.” …read more […]

Last week, Karim wrote about the three investing themes that’ll work during an extended Trump presidency: guns, gold and energy.
And as you know, his three picks were the following:

Smith & Wesson Brands (Nasdaq: SWBI)
Kirkland Lake Gold (NYSE: KL)
Energy Select Sector SPDR Fund (NYSE: XLE).

Those are three strong picks.
But today, I’d like to also chime in – and give you the very best pick to immediately buy if Trump pulls off another crazy upset.
You see, in my opinion, the VERY BEST name to buy in this situation is the SPDR S&P Aerospace & Defense ETF (NYSE: XAR).
Here’s why…
It mirrors the returns …read more […]

This week, I got a call from an old friend I hadn’t talked to in years.
The small talk didn’t last long. He pretty much went right for it.
“So what stocks should I buy?”
Now, I love talking about the market. But when a friend or relative asks me what stocks they should buy, I have a physical reaction. I feel my body pulling away from them. My gaze goes off to the side. I immediately want to put as much distance as possible between me and them.
I can’t tell any individual what stocks they should buy. It depends on their time …read more […]

(Bloomberg) — Tensions flared in bankruptcy court Monday over J.C. Penney Co.’s proposed sale to its lenders and landlords, with one lawyer alleging a dissenting creditor group is waging “economic terrorism” in search of a payout.Those creditors, led by Aurelius Capital Management, hold J.C. Penney term loans and other debt. They’ve submitted a competing proposal to buy the retailer’s real estate while still allowing mall owners Simon Property Group Inc. and Brookfield Property Partners take over the company’s operations. But the proposal isn’t feasible and is instead an attempt by those lenders to “extract a premium,” Andrew Leblanc of Milbank …read more […]

Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month. …read more […]

(Bloomberg) — Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca.The casino operator is working with an adviser to solicit interest from potential suitors, and may fetch $6 billion or more for its Vegas properties, said the people, who asked to not be identified because the talks are private.The portfolio includes the Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo.A representative for the company confirmed it was in very …read more […]

A big reason for Monday’s stock selloff, according to Gary Cohn, is the “100% percent probability” that we are not going to have fiscal stimulus before an election. …read more […]

Trends Expert Matthew Carr explains the rise of the zero trust security trend. He believes it could lead to a great investment opportunity for investors. Here’s how you can take advantage of this trend.
There is a monster lurking in office buildings all across the country.
And in our new, socially distanced world, the threat it poses is bigger than ever before.
But containing and securing this beast presents a massive opportunity for investors to profit.
In fact, companies working on this problem are beating the market not just by a handful of points… but by severalfold!
Rise of the Franken-Network
Most businesses have been building …read more […]

Gary Cohn, former president and CEO of Goldman Sachs and former White House National Economic Council Director: ‘I think you have to get the corporate tax rate to a level that makes sense in the global tax landscape.’ …read more […]

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In this article we will check out the progression of hedge fund sentiment towards Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […] …read more […]

At Yahoo Finance’s All Markets Summit, Dr. Anthony Fauci outlines the key goals of COVID-19 vaccine candidates racing to the finish line. …read more […]

Carly Fiorina on Joe Biden: “Who he is what we need right now.” …read more […]