Year: 2020

With the NBA finals on fire and the NFL picking back up, DraftKings (Nasdaq: DKNG) is killing it.
Back on July 9, right here in Trade of the Day, I broke down exactly why and how you should build a position in DraftKings.
Here’s what I said…
But there are more blue skies ahead for DraftKings. Right now, the shares are trading lower based on the lack of clarity about when pro sports and the fantasy leagues that accompany them will get in gear. The COVID-19 pandemic is making things much harder to predict. And Wall Street hates uncertainty. However, that uncertainty provides …read more […]

(Bloomberg) — American Airlines Group Inc. closed a $5.48 billion loan with the U.S. Treasury, increasing its pool of cash to help fund operations until travel demand begins to return.The credit facility, backed by American’s loyalty program, increased from an original $4.75 billion target after rivals such as Delta Air Lines Inc. and Southwest Airlines Co. opted out of the funds and the remaining money was reallocated. American could receive as much as $2 billion more when the funds are adjusted a second time next month, according to a regulatory filing Friday.The deal makes American the first major carrier to …read more […]

(Bloomberg) — Ray Dalio used the latest installment of his ongoing series on the changing world order to identify clear red lines that, if crossed, could result in a deadly war between China and the U.S., but the real enemy in the conflict may lie within.“Our greatest war is with ourselves because we have the most control over how strong or weak we are,” the billionaire founder of Bridgewater Associates wrote in the essay published on LinkedIn. “The internal wars and challenges in both China and the US are more important and bigger than external wars and challenges.”While Dalio doesn’t …read more […]

Before I started working at Wealthy Retirement‘s publisher, The Oxford Club, I knew some of the basics of finance.
I’ve always been good at sticking to a budget and hypercautious about taking on debt. Prior to starting at the Club, I was taking full advantage of employer 401(k) matching and was aggressively paying down my student loans.
In other words, I considered myself pretty savvy in terms of personal finance.
But within a year of joining The Oxford Club, I heard a presentation about optimizing your 401(k) by then-Editorial Director Andy Snyder (now the founder of Manward Press) that humbled me…
And it opened …read more […]

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(Bloomberg) — Gold and silver posted their biggest weekly losses since March, when the global onset of the coronavirus pandemic panicked markets.The dollar gained as concern over the outlook for global economic growth bolstered the appeal of the currency as a haven, sapping demand for gold. Fears are mounting that rising coronavirus cases, particularly in Europe, may lead to more national lockdowns, denting the outlook for recovery. Gold fell 4.6% this week, while silver slumped 15%.“Both have succumbed to belated long liquidation and pressure generated by the strength in the general dollar index, which is on track for its biggest …read more […]

The airline said it is retiring its Boeing 717-200 aircraft and the remainder of its 767-300ER aircraft from the fleet by December 2025. It is also retiring its CRJ-200 aircraft by December 2023, earlier than previously planned. …read more […]

Does AstraZeneca (AZN) still have a fighting chance in the COVID-19 vaccine race? Earlier this month, the healthcare giant paused the Phase 3 study of AZD1222, its experimental COVID-19 vaccine developed as part of a collaboration with the University of Oxford, after one of the participants developed an unexplained illness, a potential adverse effect. This effect was later described as transverse myelitis, a demyelinating condition.Even though the UK study has resumed, the U.S. study remains on hold. Against this backdrop, AZN released the protocol for the trial, demonstrating the “rigorous” criteria of the interim analysis, in SVB Leerink analyst Andrew …read more […]

(Bloomberg) — Formidable Asset Management LLC, a hedge fund that bet on electric-vehicle maker Workhorse Group Inc., and battery maker Nano One Materials Corp. is now putting its money on a lithium mining company.The Cincinnati-based fund sees Lithium Americas Corp. as a “differentiated operator” within the sector that has imminent production, a strategic location for some of its operations and undervalued assets, the fund wrote in a research report on Friday.“Based on the valuation of its competitors (relative to their potential production/earnings) as well as recent prices paid for assets by its competitors, LAC’s current market cap is well below …read more […]

Ahead of the China Auto Show 2020, Chinese electric vehicle manufacturer Nio Inc – ADR (NYSE: NIO) announced the first delivery Friday of the newest vehicle in its stable.Nio Meets Delivery Schedule: Nio announced via a tweet that it has officially begun deliveries of the EC6, its five-seater premium electric coupe SUV.The company launched the vehicle at the Chengdu Motor Show 2020 on July 24, and began accepting preorders immediately, with the promise of delivery starting by September.> Today, we officially began delivery of the EC6, our 5-seater premium electric coupe SUV. BlueSkyComing NIOEC6 pic.twitter.com/WDXRjQldw2> > — NIO (@NIOGlobal) …read more […]

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If you have been paying attention to the news on Nikola Corp. (Nasdaq: NKLA) and its stock, the news has been, well, not that great. While the stock’s fall from grace really started in June, it has been accelerating rapidly the last few weeks, and it’s been quite painful for shareholders.
The problems began when Trevor Milton, the company’s chairman, was accused of lying about Nikola’s product.
In other words, there are allegations of fraudulent conduct.
Originally, Nikola denied that there was any basis to the allegations and Milton seemed safe. But then just days later, Milton’s role as chairman of the firm …read more […]

U.S. stocks staged a late day comeback but the Dow and S&P; still posted weekly losses. …read more […]

Sara Nelson, President of the Association of Flight Attendants says she is optimistic Congress will extend additional aid to the airlines before mass layoffs October 1. …read more […]

On Friday, Novavax started its phase 3 coronavirus trial to test for safety and efficacy of its vaccine. This comes as AstraZeneca received partial immunity with the EU states saying that they will pay for part of the expenses if problems continue to arise with patients. Yahoo Finance’s Anjalee Khemlani joins The Final Round to discuss the latest on the coronavirus. …read more […]