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'Not just him': What Trump's antibody use says about the future of coronavirus treatments

President Donald Trump’s recovery from COVID-19—and his aggressive advocacy of antibody cocktails as a “cure”—offer few reasons of encouragement for the general public given their relative scarcity, costs and mostly unproven nature, according to several experts who spoke to Yahoo Finance. …read more […]

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All About Earnings Season October 2020: What To Expect

Earnings season might be the most important time of the year for investors in the stock market. It represents the period when publicly-traded corporations release their quarterly earnings report and revealing their latest quarterly performance to the public. In general, earnings season begins about six weeks after the end of a fiscal quarter, and it lasts for about six weeks.
Earnings season has big consequences for the short-term price of a stock. Depending on whether or not a corporation’s quarterly earnings meet, beat or miss stock analysts’ expectations, the price of a stock will rise or fall. But earnings season also …read more […]

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This Earnings Season Should Be Huge

Third quarter earnings season kicked off this week with a bang!
Big investment banks were among the first to report. BlackRock (NYSE: BLK), Citigroup (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM) announced earnings on Tuesday. All three posted strong and better-than-expected revenue and net income for the quarter.
But that pales in comparison to what Goldman Sachs (NYSE: GS) had to report… It blew expectations out of the water. The bank posted record profits, as heightened volatility in financial markets allowed its traders to make huge gains in the July to September quarter.
So, after suffering terrible first and second quarters, …read more […]

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Why Wedgewood Partners is Betting on Facebook (FB) Stock

Wedgewood Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The Fund returned 10.77% for the third quarter of 2020. Meanwhile, the benchmark S&P 500 Index and the Russell 1000 Value Index gained 8.93% and 5.59%, respectively. You should check out Wedgewood Partners’ top 5 stock picks for […] …read more […]

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What’s Behind the Massive Rally in Nio’s Stock Price? Analyst Weighs In

Many tech companies have posted massive share gains since the COVID-inflicted March slump. Few, though, have generated as much upside as Nio Limited (NIO). Catching a ride on the EV trend, since March lows, shares of the Chinese EV maker are up by an incredible 1070%.While Deutsche Bank analyst Edison Yu points out there hasn’t been a specific catalyst to send shares higher, the analyst counts several developments that have helped keep up momentum.First of all, in a recent interview, CEO William Li said that he expects Nio will be able to manufacture 150,000 vehicles annually by the end of …read more […]