Year: 2020

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Trading Ideas

Zoom price target nearly tripled at AllianceBernstein to $611 'street high'

October 15, 2020 admin Comments Off on Zoom price target nearly tripled at AllianceBernstein to $611 'street high'

Shares of Zoom Video ended higher on Thursday as Wall Street analysts turned more bullish on the company in reaction to the updates the company provided on its Analyst Day and “Zoomtopia” the day before. For its part, AllianceBernstein nearly tripled its price target on the video communications company from $228 to a street-high of $611. …read more […]

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Trading Ideas

3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield

October 15, 2020 admin Comments Off on 3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield

There’s so much going on in the markets, that it’s hard to know where to start and what to look for. On the red side of the ledger, it’s clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying that President Trump’s proposal does not go far enough. The House Dems are pushing their own $2.2 trillion stimulus. At the same time, both Eli Lilly and Johnson & Johnson have paused their coronavirus vaccine programs, after the latter company reported an “adverse event” in …read more […]

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J.C. Penney Sale Talks Stall Ahead of Crucial Holiday Season

October 15, 2020 admin Comments Off on J.C. Penney Sale Talks Stall Ahead of Crucial Holiday Season

(Bloomberg) — A plan to sell bankrupt J.C. Penney Co.’s retail operations to its two biggest landlords stalled this week, raising the prospect that creditors will carry the burden of millions of dollars in extra costs as the retailer prepares for the crucial holiday season.Talks between J.C. Penney’s lenders and the would-be buyers, mall owners Simon Property Group Inc. and Brookfield Property Partners LP, broke down in recent days, according to people with knowledge of the negotiations. The landlords missed several deal deadlines as communication between the parties lapsed, the people added.The two sides may now turn to mediation to …read more […]

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Trading Ideas

A Pandemic Play With 35% Growth

October 15, 2020 admin Comments Off on A Pandemic Play With 35% Growth

Today’s new swing trade recommendation is a play on the coronavirus pandemic.
The company raised its revenue outlook for the third quarter this week on the basis of strong demand for its COVID-19 testing solutions. In fact, it projects third quarter sales will increase by 35% on a year-over-year basis.

Click here to watch Nicholas’ latest video update.
That’s well above analyst expectations. And because of Mr. Market’s irrational mood swings, swing traders have a golden opportunity to profit.
Click here to watch today’s video. And stay tuned for future swing trade recommendations.
Good investing,
Nicholas
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The …read more […]