Year: 2020

Semiconductor equipment maker ASML Holding NV on Wednesday posted a better-than-expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices. In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of 3 billion euros. ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euros in the fourth quarter and said the company expected “low double digit” growth in 2021. …read more […]

The automaker said it recalled 20,500 Kuga PHEV vehicles in Europe last month and suspended their sale as it looks into potential concern with the high voltage battery, which in certain cases could result in a fire. “Because we share components with Kuga PHEV, including battery cells, we are moving production to next year, while we work with the battery cell supplier to resolve the issue affecting Kuga PHEV in Europe,” a company spokesman in Europe said. …read more […]

VANCOUVER, BC, Oct. 14, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Friday, November 6, 2020 at 8:00 a. …read more […]

Apple’s iPhone 12 launch drew mixed reactions in mainland China on Wednesday, with fans cheering a 5G model for their favourite brand while others planned to wait for upcoming devices from local rivals like Huawei Technologies. The much-anticipated Apple launch comes in the wake of Chinese Android-platform brands such as Huawei and Xiaomi Corp having already rolled out higher-end 5G devices compatible with China’s upgraded telecoms networks, with the U.S. giant seen by some analysts to be late to the party. In its second-largest market by revenue, Apple’s announcement was feverishly discussed on social media. …read more […]

Trump touted the Lilly drug, along with the antibody treatment from Regeneron Pharmaceuticals Inc that he received for his COVID-19, as tantamount to a cure in a video he posted last week. The announcement comes one day after Johnson & Johnson said it was forced to pause a large high-profile trial of its experimental coronavirus vaccine because a volunteer fell ill. …read more […]

The post “But I Don’t Have Time to Trade” appeared first on Investment U. …read more […]

(Bloomberg) — ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as the largest independent energy producer looks to make a bold bet on U.S. shale during an historic industry downturn.The companies could announce a deal in the next few weeks, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through.Concho shares fell 1.3% in New York Tuesday, closing at $44.14 and giving it a market value of about $8.7 billion. Conoco fell 2% to $34.88, for …read more […]

(Bloomberg) — Contemporary Amperex Technology Co. Ltd. and LG Chem Ltd., two of the world’s top producers of batteries for electric vehicles, have signaled they may join projects that could see $20 billion more invested in supply chains in Indonesia, according to the country’s government.The firms signed separate heads of agreement with Aneka Tambang Tbk last month aimed at manufacturing higher value products for batteries from the state-owned miner’s nickel output, said Septian Hario Seto, deputy for investment coordination and mining at the coordinating ministry for maritime affairs and investments.It’s a strategy that would involve development of new capacity for …read more […]

Several names have made a big market entrance in 2020 and you can count DraftKings (DKNG) among them. The opportunity in online sports betting has evidently caught investors’ imagination and as a result, shares up by 378% year-to-date.However, last week the stock experienced a pullback to the tune of 23%, after the company announced the sale of 32 million shares to prop up the balance sheet.Considering the sell-off, is now the right time to pull the trigger on DKNG shares? Not according to Deutsche Bank analyst Carlo Santarelli. The 5-star analyst initiated coverage of DraftKings with a Hold rating and …read more […]

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(Bloomberg) — AMC Entertainment Holdings Inc. is considering a range of options that include a potential bankruptcy to ease its debt load as the pandemic keeps moviegoers from attending and studios from supplying films.Lenders to the world’s biggest cinema chain have held preliminary talks among themselves about providing the movie-theater company with financing if it decides to file for Chapter 11 court protection, according to people with knowledge of the matter. The fresh cash would keep AMC in business while it crafts a recovery plan, the people said.No formal proposals have been exchanged with AMC, said the people, who asked …read more […]

Out on Wall Street, who has been leading the charge forward? Tech. After the space’s key players dragged the market lower in September due to overheated valuations, tech is once again at the helm.The rise in tech makes sense. The pandemic helped accelerate a move toward remote work and telecommuting, and this in turn has put a premium on tech products. From the 5G rollout, to improvements in semiconductor chips, to the expansion of IoT and smart device capabilities – tech is everywhere, and it’s growing fast.Bearing this in mind, we turned to Needham, which lands among the top ten …read more […]

Since the market crashed in March, I’ve been telling you that American banks are one of the greatest value opportunities in the market today.
On every valuation metric, the banks are historically cheap. And yet, by all accounts, the banks went into the pandemic with the strongest balance sheets they have ever had.
The only caveat in my bank value story is that an investment in the banks will require some patience. Value investing almost always does.
I have repeatedly cautioned that I do not expect share prices of banks to turn higher until we start seeing some improvement in their earnings.
It has …read more […]

In this article, Trends Expert Matthew Carr examines the ever-changing political landscape of marijuana legalization. “We already know that cannabis companies will be election night’s biggest winner.”
Pot investors are celebrating!
Why? A lot of it has to do with the upcoming presidential election.
Marijuana Legalization: Decriminalization News
Cannabis shares jumped last week when vice presidential candidate Kamala Harris said she and presidential nominee Joe Biden would look to decriminalize cannabis if they won.
Harris is also one of the lead co-sponsors of the Marijuana Opportunity Reinvestment and Expungement Act. The U.S. House of Representatives was supposed to vote on this bill last month but …read more […]

The Lilly antibody therapy, which is experimental and not yet approved by regulators as safe and effective, is similar to a drug from Regeneron Pharmaceuticals that was given to the president during his bout with COVID-19. Trump, who credits the Regeneron drug with speeding his recovery, has called for both therapies to become available immediately on an emergency basis, raising expectations among some scientists and policy experts that the administration will imminently release an Emergency Use Authorization (EUA) for the drug. …read more […]