Year: 2020

At Liberty Through Wealth, we aim to provide valuable financial insight from top-notch investment experts. That means we often dig deep into the topics the mainstream media ignores… or gets wrong.
So on August 20, we decided to address some of the things the media isn’t telling you. In our Town Hall with Chief Investment Strategist Alexander Green, Alex answered questions directly from readers about a variety of investing topics.
One of the biggest takeaways?
Things aren’t quite as bad as the headlines would have you believe.

You can watch the full video here.
Read on for some of the highlights…
Question: How can investors maintain …read more […]

If it’s raining and you want your car to come to pick you up, Tesla Inc. (NASDAQ: TSLA) lets you do that. Owners can pull out their phones, press a button, and their car can drive itself to the owner’s location.Tesla calls this Smart Summon, but in the future, Tesla owners may be able to ditch the phone, and “think” their car to themselves.While giving a presentation for Neuralink, a brain implant research company, CEO Elon Musk answered a question from Twitter. The person asked if, with a Neuralink implant, a person would be able to summon their Tesla telepathically. …read more […]

Warren Buffett, the “Oracle of Omaha”, turns 90 today. The legendary investor has been one of the most followed figures in the stock market. He is the leader of Berkshire Hathaway (NYSE: BRK-A), a conglomerate that owns a portfolio of diversified assets, and also owns a sizable investment portfolio of publicly traded stocks.Berkshire Hathaway owns well-known companies like Geico, Duracell, and Dairy Queen. For years, many have followed the other portion of the portfolio, tracking the stock picks of the legendary Buffett. The company’s equity investment portfolio owns stakes in 44 companies and holds a value of $207 billion.In honor …read more […]

September is known for being a seasonally volatile month, but long-term, some are looking at the glass half full. Goldman Sachs has become more optimistic about U.S. economic growth, as it expects that by Q2 2021, an effective COVID-19 vaccine will be “widely distributed.” Based on this assumption, the firm’s chief economist Jan Hatzius bumped up his 2021 U.S. GDP forecast from 5.6% to 6.2%. On top of this, 2021 unemployment levels also might not be as dismal as previously expected, with the economist calling for the figure to land at 6.5%, versus his previous 7% estimate. This modest …read more […]

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Veeva Systems’, an American cloud-computing company focused on pharmaceutical and life sciences industry applications, price target was raised to $323 from $253 with Overweight stock rating, according to Morgan Stanley equity analyst Stan Zlotsky, who also said with consistent growth, profitability, and defensibility, Veeva is a unique software asset. …read more […]

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said on Sunday, state news agency SPA reported. The energy minister Prince Abdulaziz bin Salman Al-Saud said the new Abraq al-Toloul oil field, which lies to the south east of the northern city of Arar, flows with a daily rate of 3,189 barrels per day (bpd) of Arab light crude oil, along with 3.5 million cubic feet of natural gas. …read more […]

Warren Buffett has shelled out a few tips on life and business during his 90 years. …read more […]

For the stock market, is it onwards and upwards? As the dog days of summer come to a close, stocks have ripped higher in a remarkable fashion, with the market sitting at record highs. That said, when we make our way into September, a historically rough month for equities, should investors put their hunts for compelling plays on hold? Not necessarily. The pros on Wall Street have set their sights on a select few names with growth prospects that can only be described as monstruous. We aren’t exaggerating here. These stocks have already posted some serious gains in 2020, with …read more […]

(Bloomberg) — Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border at an average daily rate of 16 million standard cubic feet, in addition to 1,944 barrels of condensates, which are a type of petroleum that usually isn’t classified as crude oil because it’s too light. The nearby Abraq at-Tulul field has started producing 3,000 barrels a day of crude, 49,000 barrels of condensates and 1.1 million cubic feet of gas.Aramco …read more […]

(Bloomberg) — Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.ByteDance Ltd. will be required to seek Chinese government approval to sell the U.S. operations of its short-video TikTok app under new restrictions Beijing imposed on the export of artificial intelligence technologies, according to a person familiar with the matter.AI interface technologies such as speech and text recognition, and those that analyze data to make personalized content recommendations, were added to a revised list of export-control products published on …read more […]

Shares in Dell Technologies (DELL) rose 6% in Friday’s trading, after the tech giant reported a solid earnings beat.Specifically, FQ2 Non-GAAP EPS of $1.92 beat Street estimates by $0.52, while GAAP EPS of $1.37 also topped forecasts by $1.59. Although revenue fell 2.8% year-over-year, at $22.8B it still beat Street expectations by $300M. Adjusted EBITDA was $3.1B- significantly higher than the consensus of $2.5B.“In Q2, we saw strength in the government sector and in education, with orders up 16 and 24 percent, respectively, as parents, teachers and school districts prepare for a new frontier in virtual learning” commented Jeff Clarke, …read more […]

Gilead Science’s (GILD) investigational antiviral Veklury (remdesivir) has now received expanded Emergency Use Authorization (EUA) from the FDA to treat all hospitalized patients with COVID-19. Previously the treatment was only authorized for patients hospitalized with severe COVID-19.“As we learn more about COVID-19 and we further establish the efficacy and safety profile of Veklury, we see benefit to making the drug available to patients at earlier stages of the disease” cheered GILD’s Merdad Parsey. The CMO added: “Today’s action by the FDA enables physicians to consider a broader range of eligible patients to potentially receive Veklury.”According to GILD, the expanded EUA …read more […]

Abbott Laboratories (ABT) is now holding trials to try and expand its rapid Covid-19 test to people who show no symptoms of the virus, ABT’s CEO Robert Ford has revealed to CNBC.“We are working on developing data for asymptomatic claims, so we are running our clinical trial, and we’ll eventually have data to be able to support that,” Ford told CNBC.“In the meantime, we see it being able to be deployed, because it doesn’t requirement an instrument … through the federal government, through the state governments, through schools, through employers, or even through retail clinics,” the CEO continued. “We think …read more […]

Morgan Stanley analyst Thomas Allen has downgraded DraftKings to Hold from Buy, citing increased competition and slowing momentum on legalization in several states. He also sees various risks to the upcoming NFL (National Football League) season that could be canceled due to COVID-19 related concerns. Shares of the online sports betting player plunged over 7% on Friday after the downgrade.The analyst downgraded DraftKings (DKNG) amid near-term risks. He wrote in a client note that the sports betting industry has become more competitive, “with numerous peers raising capital and operators looking to take first-mover advantage, so near-term losses could be much …read more […]