Year: 2020

Lakeland Industries, Inc. (NASDAQ:LAKE) defied analyst predictions to release its quarterly results, which were ahead… …read more […]

With the business potentially at an important milestone, we thought we’d take a closer look at BioNTech SE’s… …read more […]

A wave of consolidation is underway in Canada’s Montney oil and gas region as small companies struggling to weather the impact of coronavirus on the energy industry sell their holdings in what just a few years ago was a booming patch. Lockdowns and sharp contractions in economic activity have hammered global oil demand in 2020, pushing prices so low that producers worldwide have made record output and spending cuts. Canada, the world’s fourth-largest oil and gas producer, was already struggling as investors and foreign companies left to invest in production elsewhere that is cheaper and less carbon-intensive. …read more […]

The investment “advisory” industry is a huge multibillion-dollar business based on hard work, clever thinking and sophisticated algorithms. But it’s also based on one teensy-weensy lie.
The lie is that you can grow wealthy by investing in a combination of stocks and bonds.
It’s not a big black lie. Because it’s sort of true… can be true… has been true… in certain circumstances.
But the truth is that there are many ways to grow your wealth – including some that will give you better returns with equal or even less risk.
When you limit your investing to stocks and bonds, the best you can …read more […]

Last week, you might have seen that Ciena Corporation (NYSE:CIEN) released its quarterly result to the market. The… …read more […]

(Bloomberg) — For eight years, Prime Minister Shinzo Abe has been looking for ways around Japan’s pacifist constitution to bolster the country’s military. And in his last full week on the job, he laid the groundwork for a plan to allow preemptive strikes on enemy bases.Abe’s statement on missile defense Friday leaves a big piece of unfinished business for his top aide and likely successor, Yoshihide Suga. While few expect the long-time chief cabinet secretary to share Abe’s zeal for amending the constitution, he’ll be confronted with the same dilemma of how to counter growing threats from China and North …read more […]

(Bloomberg) — The U.S. government is paying less as it borrows more, one reason investors appear more comfortable than Congress about funding another leg of stimulus.Interest payments in the federal budget declined about 10% in the first 11 months of this fiscal year, when America was running up its biggest deficit since World War II. Over the next few years, servicing the national debt will be cheaper than any time in the past half-century when measured against the size of the economy, according to the Congressional Budget Office.That’s because yields in the $20 trillion U.S. Treasury market plunged to record …read more […]

The Boeing Co (NYSE: BA) has disclosed yet another manufacturing defect in 787 Dreamliner jets, which takes the tally of flaws to four in recent weeks, Bloomberg reported Thursday.What Happened: The latest issue is a small depression near the areas where the jet’s vertical fin comes together with its fuselage, which the manufacturer says it discovered late last year, according to Bloomberg.The aerospace giant reportedly claims the latest issue will not affect flight safety and it has already resolved it in its production process.”Our expectation is that this will require a one-time inspection during regularly scheduled maintenance,” the company said …read more […]

(Bloomberg) — Tesla Inc. plans to ship cars made at its Shanghai Gigafactory to other markets in Asia and Europe, according to people familiar with the matter.China-built Tesla Model 3s intended for delivery outside the country will likely start mass production in the fourth quarter, the people said, asking not to be identified because the details are private. They said the markets targeted include Singapore, Australia, New Zealand, as well as Europe, where customers currently have to wait for a Tesla to be delivered from the U.S. Shipments could start as soon as the end of this year, or early …read more […]

Dave & Buster’s Entertainment reported lower-than-expected 2Q revenues. Its top-line plunged 85% to $50.8 million year-on-year and missed analysts’ expectations of $80.9 million. Shares of the restaurant and entertainment business operator fell 1.8% in the extended trading session on Thursday.Dave & Buster’s (PLAY) reported a net loss of $1.24 per share compared with the year-ago quarter’s earnings per share of $0.90. However, the quarterly loss was smaller than the Street consensus of $1.39. Dave & Buster’s 2Q performance reflects the negative impact of COVID-19 pandemic-led restrictions on store openings, the company said.Looking ahead, the company is optimistic about its business …read more […]

Chewy saw its 2Q revenues soar 47% to $1.70 billion year-over-year, as the pet product retailer managed to attract demand during the pandemic. The company’s quarterly sales surpassed analysts’ expectations of $1.64 billion.Despite upbeat 2Q performance, shares of Chewy fell 2.7% in the extended trading session on Thursday. According to a CNBC report, investors were unimpressed with the company’s lower-than-expected net sales per active customer data. Net sales per active customer amounted to $356 in the reported quarter while analysts were expecting $365. (See CHWY stock analysis on TipRanks).Chewy (CHWY) posted an adjusted EPS of $0.01, which compared favorably with …read more […]

(Bloomberg Opinion) — Thanks to Brexit and a dearth of racy, homegrown tech companies, the U.K. stock market has gone pretty much nowhere over the past five years. By comparison, an investor who bought an S&P 500 Index fund and reinvested dividends would have almost doubled their money.(2)Happily, there’s a British company whose stock market performance has done miles better than that, outstripping even Amazon.com Inc. and Tesla Inc. Remarkably, the core of this business is unashamedly analogue, not digital.I’m talking about Games Workshop Group Plc, the Nottingham-based manufacturer of tabletop, post-apocalyptic fantasy game Warhammer 40,000. Surprisingly high quarterly sales …read more […]

Netflix, amid a backlash over the sexualized portrayal of children in recently released drama “Cuties,” is encouraging critics to watch the movie — which it says makes a statement about pressures young girls face in conforming to societal role models of female sexuality. The movie, which is rated “TV-MA” for language, centers on Amy, an […] …read more […]

Tesla shares peaked just after the stock split, and the initial breakdown is underway. I don’t foresee a bottom until prices drop below $75.00 in 2021. …read more […]

(Bloomberg) — ByteDance Ltd., the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter.The Beijing-based company is looking to spend several billion dollars and add hundreds of jobs over the next three years in the city-state, where it has applied for a license to operate a digital bank, said the people, who asked not to be identified because of confidentiality. The investment would come at a crucial time as the technology firm is forced to sell TikTok operations …read more […]