Year: 2020

We feel now is a pretty good time to analyse Chewy, Inc.’s (NYSE:CHWY) business as it appears the company may be on… …read more […]

(Bloomberg) — Tesla Inc. rose premarket Wednesday, clawing back a fraction of the value it lost a day earlier when the electric-vehicle maker’s stock suffered its worst one-day decline in its history.The car company founded by Elon Musk plummeted 21% on Tuesday — its biggest drop since going public in 2010 — after it was passed over for inclusion in the S&P 500 Index Friday. The slump, which came amid a widespread selloff that saw tech firms leading the declines, wiped out $82 billion in Tesla’s market value.Nasdaq 100 Index futures were also recovering Wednesday, adding 1.8%. Tesla gained 6.8% …read more […]

There wouldn’t be many who think Ciena Corporation’s (NYSE:CIEN) price-to-earnings (or “P/E”) ratio of 17.2x is worth… …read more […]

(Bloomberg) — The meeting would mark the beginning of the end of Lea Frye’s career in oil and gas.It was February 2014. Frye, at the time a senior engineer with Anadarko Petroleum Corp., had the job of calculating how much oil was waiting to be extracted from fields Anadarko owned. She was known to be forthright about her analyses. “She tells the truth no matter the circumstances,” her manager said in a later performance review.Going into the conference with senior executives, Frye had arrived at her own conclusion about Anandarko’s most ballyhooed find — one that now has stockholders suing …read more […]

It will get harder from here.
Those are the words of Fed Chief Jay Powell last week as he prepared for what will be one of his biggest meetings yet.
Next week, like a team of docs working on Frankenstein’s monster, the Federal Reserve will gather in Washington to discuss where to cut next. The voting members will close the door, sit around a long oval table and then nervously look at each other as they realize they have quite a sick patient lying in front of them.
They’ve got to piece it together. It must not die.
Big money is on the line.
If …read more […]

Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]

Top news and what to watch in the markets on Wednesday, September 9, 2020. …read more […]

(Bloomberg) — European stocks rose with U.S. equity futures as optimism crept into markets that Tuesday’s tumble drew a line under the recent selloff.Shares climbed broadly in Europe while AstraZeneca Plc slipped on news it paused trials of a leading experimental Covid-19 vaccine when a participant got sick. S&P 500 and Nasdaq 100 contracts advanced in the wake of large declines in America that were led by tech shares. On Wednesday, computer chip and hardware makers rose in the premarket including Advanced Micro Devices Inc. and Apple Inc.Treasuries and the dollar erased their increases as equity futures strengthened. The pound …read more […]

Schlumberger (NYSE: SLB) has announced a ‘major’ collaboration with IBM and Red Hat to accelerate digital transformation across the oil and gas industry. …read more […]

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WATERLOO, Ontario, Sept. 9, 2020 /CNW/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced it is now providing dedicated EU instances of its BlackBerry® AtHoc® service, a leading networked crisis communication solution. …read more […]

(Bloomberg) — AstraZeneca Plc stopped giving shots of its experimental coronavirus vaccine after a person participating in one of the company’s studies got sick, a potential adverse reaction that could delay or derail efforts to speed an immunization against Covid-19.The pause stemmed from a standard review of the company’s vaccine trials after one person developed an unexplained illness, AstraZeneca said in a statement. The move was intended to give researchers time to examine safety data while maintaining the integrity of the trials, the company said. The drugmaker’s shares fell as much as 3% in London Wednesday morning.The vaccine, which AstraZeneca …read more […]

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(Bloomberg) — SoftBank Group Corp.’s bankers have received orders for all 1.3 trillion yen ($12 billion) of the domestic wireless unit’s stock they are selling and will probably place an over-allotment, according to people familiar with the matter.SoftBank Corp. order books for domestic and overseas investors were fully covered Tuesday with Nomura Holdings Inc. and Daiwa Securities Group Inc. leading the distributions, said the people, asking not to be identified because the matter is private. Local and international investors were drawn by the dividend yield at the latest price, which is lower than the initial public offering price of 1,500 …read more […]

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