VANCOUVER, BC, Sept. 30, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that the Company hosted a virtual “Investor and Analyst Day 2020” event on September 29th. …read more […]
Shares of Memory chip specialist Micron (MU) trended downwards on Wednesday following the release of the company’s FQ4 results.Micron reported revenue of $6.06 billion, a 24% year-over-year increase and coming in ahead of the estimates by $170 million. Non-GAAP (adjusted) net profit almost doubled from the same quarter last year to clock in just under $1.23 billion, resulting in Non-GAAP EPS of $1.08, above consensus estimates by $0.11.So far, so good. What investors did not like, however, was Micron’s forecast of what’s to come next. For the November quarter, Micron anticipates revenue of $5.2 billion, just under consensus calls for …read more […]
As investors pile into safe havens like cash and precious metals, a new gold rush is starting in one of the world’s most exciting mining hotspots …read more […]
A green light from the FDA can change everything for a healthcare company. This might just be the case for Eton Pharmaceuticals (ETON).On September 29, the company announced that the FDA had given Alkindi Sprinkle, its taste-neutral sprinkle (granule) formulation of hydrocortisone designed as a replacement therapy for pediatric adrenal insufficiency (AI), its stamp of approval.The verdict came on the previously scheduled PDUFA date. Additionally, six clinical studies, including the first and only interventional Phase 3 study of oral hydrocortisone for pediatric AI in neonates to children under eight years of age, served as the basis for the approval. …read more […]
Stock futures opened flat Wednesday evening heading into the first trading day of October and the fourth quarter. …read more […]
Energy demands in the 21st century are more critical than ever. Today, we are moving to renewable energy sources like wind and solar.
Grid reliability is crucial when it comes to deploying these. We all know wind doesn’t blow all the time and the sun shines only during the day.
But both of those problems are easily solved with energy storage. And energy storage will play a key role in enhancing grid reliability too.
Including energy storage as part of today’s electric power grid design allows the movement of energy in time. In other words, excess energy generated during periods of low use …read more […]
What a ride 2020 has been so far for Nio (NIO). The Chinese EV manufacturer has taken the bull by the horns and has ridden it all the way to massive gains of 427%.There’s no doubt the hype on EV vehicles in 2020 is almost at fever pitch, with investors banking on the sector disrupting the entire auto industry over the coming years. However, as in any emerging industry there will be winners and losers.After initiating coverage of Nio earlier this month, the main pushback for Deutsche bank’s Edison Yu from investors concerned the fact Nio “does not create the …read more […]
Shyam Sankar, Palantir’s COO, joined The Final Round to discuss the company’s direct listing on the NYSE, his outlook for the company’s revenue and addresses how the company works with the government. …read more […]
In the first week of September, the markets saw a sudden drop from peak values. That fall was most pronounced in the NASDAQ index, which dropped from 1,200 points – some 10% – in just 5 trading sessions. Since then, however, the situation has stabilized. Stocks have bounced up and down, but the NASDAQ has generally held steady at or near 11,000 for the past three weeks.The holding pattern is likely more important than the slide. It’s lasted longer, and appears to represent a classic market correction. The NASDAQ’s 5-month run to its September 2 all-time high left it somewhat …read more […]
Betting markets are increasingly persuaded the Democratic nominee will prevail in his bid to deny President Donald Trump a second term after a fiery presidential debate. …read more […]
Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Broadcom’s dividend safety.
Broadcom (Nasdaq: AVGO) sells a wide variety of technology products, including switches and routers, and software to manage cybersecurity and payment security.
Though the company reinvented itself recently with its acquisition of software company Symantec, Broadcom is a part of the old guard when it comes to Silicon Valley tech companies.
The company has been around for more than 50 years. So it’s no surprise that, while still innovative, it generates plenty of earnings and cash flow and pays a dividend as a result.
And it pays a nice dividend, …read more […]
The workforce reduction plan is a result of indefinite idling of its Martinez, California and Gallup, New Mexico refineries, the company said in the filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1510295/000151029520000098/mpcform8-k9292020.htm. Refiners and oil producers have been cutting staff, slashing spending and reducing production to cope with the slump in crude prices and a global glut of fuel. On Wednesday, Royal Dutch Shell said it would dismiss up to 9,000 workers, or 10% of its staff, while oil majors, Chevron Corp and Exxon Mobil Corp , are in the process of restructuring their businesses to halt losses. …read more […]
(Bloomberg Opinion) — In a hot market for new technology stocks, it was Palantir Technologies Inc.’s turn in the spotlight on Wednesday. The debut wasn’t a complete show-stopper, and that’s fine — not everything can, or should, be a market darling. The data-mining company, co-founded by billionaire and Donald Trump supporter Peter Thiel, went public through a direct listing and started trading at $10, above the New York Stock Exchange’s $7.25 reference price. A $10 price equates to a market value of about $22 billion on a fully diluted basis, which, while respectable, isn’t much higher than its last private …read more […]
The Federal Reserve said Wednesday that it will extend its ban on share buybacks at the largest U.S. banks, although banks will still be allowed to pay out dividends. …read more […]
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