Year: 2020

Every investor in Skyworks Solutions, Inc. (NASDAQ:SWKS) should be aware of the most powerful shareholder groups… …read more […]

(Bloomberg) — Tesla Inc. fell another 5.9% in premarket trading Friday, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.The electric-vehicle maker’s ongoing rout came as U.S. tech stocks fell for a second day. Thursday’s plunge sent the Nasdaq 100 Stock Index tumbling 5.2%, its biggest decline since March 16. That erased about $730 billion of value from the high-flying benchmark, which prior to Thursday’s decline had gained 78% from its March lows.The index had previously gained in 11 of 13 sessions, hitting fresh records almost daily. Tesla had added nearly 500% this …read more […]

There wouldn’t be many who think Corcept Therapeutics Incorporated’s (NASDAQ:CORT) price-to-earnings (or “P/E”) ratio… …read more […]

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Readers hoping to buy CME Group Inc. (NASDAQ:CME) for its dividend will need to make their move shortly, as the stock… …read more […]

Top news and what to watch in the markets on Friday, September 4, 2020. …read more […]

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One of its 23 crew is missing and presumed dead. The 299,986 dead weight tonne (dwt) very large crude carrier (VLCC) tanker has a total capacity 340,104 cubic meters, or about 300,000 tonnes. The 333-meter long double-hulled supertanker was built in 2000 by Mitsui Ichihara Engineering & Shipbuilding in Japan. …read more […]

Taking the occasional loss comes part and parcel with investing on the stock market. Unfortunately, shareholders of… …read more […]

(Bloomberg) — U.S. equity futures fell Friday along with stocks in Asia as a rotation away from high-flying tech stocks gained steam amid question marks over the sustainability of lofty valuations. European stock futures ticked up. Losses in Tokyo, Shanghai and Hong Kong were smaller than those seen in the U.S. overnight, as trader focus turned to the non-farm payrolls report later Friday. S&P 500 futures slipped after the benchmark fell 3.5% Thursday. Nasdaq contracts slid over 1% after the tech-heavy gauge’s 5% overnight slump, its largest since March. That suggests the U.S. retreat could extend for a second day …read more […]

(Bloomberg Opinion) — Strategists at JPMorgan Chase & Co. wrote this week about the odds narrowing on a Donald Trump win in the U.S. presidential election. His opponent, Joe Biden, is still comfortably ahead in the polls, but the bank’s commentary got me thinking about what impact the result might have on Europe’s markets, not least on the euro. What would four more years of Trump mean for the single currency, and would a Biden presidency mean anything different?The dollar’s weakness has become a cause of angst for the European Central Bank, which doesn’t have an official mandate to manage …read more […]

With an enviable reputation, IAG’s CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history. A former pilot and dealmaker, Walsh created IAG by dragging two old-fashioned flag carriers into the modern age of budget flying, taking a tough line on unions and cutting costs to build a group that for years outperformed traditional European peers. As a key player within IAG, Gallego took the helm of Iberia …read more […]

(Bloomberg) — Asia’s wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at Southeast Asia’s largest lender.Clients have increased cash holdings to about 40% of their portfolios in recent months, up from about 30% before the pandemic, Joseph Poon, who leads DBS Group Holdings Ltd.’s private bank, said in an interview this week. While the unit doesn’t disclose assets under management, it’s part of DBS’s S$251 billion ($184 billion) wider wealth platform, which is among the largest in Asia.“Clients …read more […]

(Bloomberg) — Oil in New York is poised for the biggest weekly decline since early June after gains in the dollar reduced the appeal of commodities priced in the U.S. currency, with concerns about over-supply mounting.Futures are down 4.7% this week, set for the first weekly loss since the end of July, with the biggest slide in U.S. equities in almost three months adding to the bearish sentiment. Meanwhile, the one-month timespread for West Texas Intermediate oil is near the widest contango since June, indicating investors are concerned about supply amid virus-driven demand destruction.Oil is off to a weak start …read more […]

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