Year: 2020

(Bloomberg) — The financial losers of California’s rolling blackouts are beginning to emerge.Portland General Electric Co., the utility that powers almost half of Oregon, plunged the most in five months after the company said it’s poised to lose as much as $155 million due to trades it made this year as wholesale electricity prices surged.PGE fell as much as 14% to the lowest level in over four years before paring some losses. The drop comes the morning after the company disclosed that its traders increased the volume of bets late in the second quarter and into the third, “resulting in …read more […]

Jefferies Healthcare Analyst Jared Holz joins Yahoo Finance’s On The Move panel to discuss why he believes vaccine stocks will become the new weed stock. …read more […]

Are the markets at nosebleed heights, or getting ready to ‘flatten the curve?’ The S&P 500 has just set a new all-time high, as has the NASDAQ; the Dow Jones has found resistance at the 28,000 level, a mark that felt like fantasy just one year ago. The market gains have outpaced the pundits’ collective wisdom, leaving old predictions far behind.From investment bank Goldman Sachs, strategist David Kostin has raised his year-end outlook for the S&P, writing of the market’s prospects, “…a falling equity risk premium will outweigh a rise in bond yields, and combined with our above-consensus EPS forecast, …read more […]

Qualivian Investment Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund’s performance in Q2 was ahead of the S&P 500 by 9.6% and 9.5% on a gross and net basis. You should check out Qualivian Investment Partners’ top 5 stock picks for investors to buy right now, […] …read more […]

(Bloomberg) — Billionaire Richard Branson cleared a crucial obstacle on the tortuous journey to rescue his flagship airline, hobbled by the coronavirus pandemic.Virgin Atlantic Airways Ltd., founded and controlled by the serial entrepreneur, won creditor backing for a 1.2 billion-pound ($1.6 billion) bailout on Tuesday, paving the way for final approval at a court hearing next week.“Achieving this milestone puts Virgin Atlantic in a position to rebuild its balance sheet, restore customer confidence and welcome passengers back to the skies as soon as they are ready to travel,” the airline said.Virgin Atlantic was plunged into crisis after the virus grounded …read more […]

Yahoo Finances Ines Ferre joins the On the Move panel to discuss the changes in The Dow Jones Industrial Average. …read more […]

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Barrick Gold Corp. (NYSE: GOLD) is the second largest gold mining outfit in the world. And amidst economic uncertainty, Barrick Gold stock grabs the attention of a lot of investors.
And it’s not just gold bugs that diversify their portfolios with the precious metals sector when things go sideways. Even investors known for their anti-gold sentiment sometimes look to gold for stability amidst uncertainty…

For instance, a couple decades ago, Warren Buffett had this to say about gold:
“(It) gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people …read more […]

Alibaba’s Ant Group has filed for a record-breaking IPO in Hong Kong and Shanghai. Yahoo Finance’s On The Move panel weigh in. …read more […]

With markets on an upward trend now would seem an odd time to shift toward dividend stocks. But there are advantages to this traditional defensive play. Dividend stocks will provide some portfolio protection should markets fall again. While they tend to show less share appreciation than the average, they also show less depreciation in down times. And, a reliable dividend always pays out – in good times and bad.So, let’s look at dividend stocks. The TipRanks Dividend Calendar makes it easy to locate the market’s dividend champs – those stocks with Strong Buy ratings from the analyst community, high upside …read more […]

American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to weigh on air travel, unless the government extends aid for airline employee payrolls. Airlines received $25 billion in U.S. government stimulus funds in March meant to cover payrolls and protect jobs through September. Including voluntary exits and leaves as well as forced reductions, American’s workforce will shrink to around 100,000 in October from the 140,000 it employed in March. …read more […]

Tim Anderson, TJM Investments, joins Yahoo Finance to discuss the Dow Jones industrial average shuffle. …read more […]

Meenu Chhabra has been the CEO of Proteostasis Therapeutics, Inc. (NASDAQ:PTI) since 2014, and this article will… …read more […]

Salesforce stock is trending in the right direction as one of the world’s leaders in customer relationship management. In addition, a major overhaul of the Dow Jones Industrial Average may be the key to this shift.
The cloud-based software company is certainly on the rise. And recent earnings reports suggest there’s no signs of it slowing down. But, how far can this blue-chip stock go with Dow’s exposure?

Salesforce Stock Breakdown and History
Salesforce (NYSE: CRM) has somehow flown under the radar for quite some time, but it hasn’t always been that way. The company’s initial public offering (IPO) came in 2004 and …read more […]

Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous to discuss the major shuffle in the Dow Jones Industrial Average. …read more […]