Year: 2020

Tesla Inc’s chief executive Elon Musk has suggested the U.S. electric carmaker may be able to mass produce longer-life batteries with 50% more energy density in three to four years. Researchers have said the energy density of Panasonic’s “2170” batteries used in Tesla’s Model 3 is around 260Wh/kg, meaning a 50% jump from the current energy density which is key to achieving a longer driving range. Tesla said its Battery Day will take place on the same day as its 2020 annual meeting of shareholders on Sept. 22. …read more […]

Palo Alto Networks reported stronger-than-expected 4Q results on Monday as the COVID-19 pandemic-led work-from-home trend boosted demand for network security products.Palo Alto’s (PANW) 4Q revenues grew 18% to $950.4 million year-on-year, surpassing Street estimates of $924 million. The network security solution provider’s adjusted EPS improved by a penny to $1.48 from $1.47 reported in the year-ago quarter, beating analysts’ expectations of $1.39. Its billings, which reflect future business contracts, surged 32% to $1.4 billion and exceeded the Street forecast of $1.2 billion.Palo Alto’s CEO Nikesh Arora said, “We had a strong finish to our fiscal year, driven by strong execution, …read more […]

Carmakers and tech firms warn prices of 5G devices and connected cars will rise if action isn’t taken. …read more […]

(Bloomberg) — There’s hardly any question that carries greater weight in economics right now, or divides the financial world more sharply, than whether inflation is on the way back.One camp is convinced that the no-expense-spared fight against Covid-19 has put developed economies on course for rising prices on a scale they haven’t seen in decades. The other one says the virus is exacerbating the conditions of the past dozen years or so — when deflation, rather than overheating, has been the big threat.The debate touches every area of policy, from trade rivalries to unemployment benefits, and everyone has an interest …read more […]

(Bloomberg Opinion) — Saudi Arabia Oil Co.’s senior management reshuffle is more than just a game of high-level musical chairs at any old energy company.The oil giant faces an uphill battle to meet promises made before its record-setting initial public offering last year — and before the coronavirus pandemic hit — to deliver a $75 billion dividend payment this year and, presumably, a similar sized payout in 2021. It needs to adapt to meet the challenge.Aramco, as the company is widely known, is creating a new corporate development organization that will focus on “portfolio optimization,” with a brief to “assess …read more […]

Spot gold was flat at $1,932.15 per ounce by 0512 GMT. U.S. gold futures were steady at $1,938.80. Powell will discuss the Fed’s monetary policy framework review on the opening day of the Kansas City Fed’s annual central banking conference on Thursday, in a virtual and public format because of the coronavirus pandemic. …read more […]

The first international luxury brands are set to start launching in September, as show season kicks off. …read more […]

Delta Air Lines is set to furlough 1,941 pilots in October, the carrier said in a memo to employees on Monday that noted the fallout from the COVID-19 pandemic and plunging air travel demand. Delta also announced on Monday the retirement of Chief Operating Officer Gil West, who helped lead the integration of Delta and Northwest after joining the company in 2008. …read more […]

Is the office canceled?
Sure, Steve Carell and Greg Daniels have moved on to Netflix’s Space Force.
But the future of the office is one a lot of CEOs are currently pondering.
Now, before you shake your fist at the sky or lament this possibility, understand that this is an opportunity that should make investors cheer.
If there are any bright spots to be found in the pandemic, one could be that companies finally have an excuse to deleverage themselves from one of the biggest areas of corporate waste: real estate.
Years before COVID-19, the global accounting firm Accenture found that “the average firm has …read more […]

There’s no stopping the Apple (AAPL) juggernaut. The stock recently surged past the $2 trillion market cap – the first company to ever do so – and started the week trading at another all time-high.However, with the economy in tatters, and Wall Street at what appears to be a major disconnect from Main Street, the recent tech driven market rally has raised concerns about the formation of a tech bubble, with Apple one of the potential victims, should it burst.Time will tell if the market has reached boiling point, but in the meantime such concerns are a non-issue for Tigress …read more […]

A new oil frontier is opening up in Africa, where exploration companies are reporting increasingly bigger finds in a time that global oil markets need them the most …read more […]

Investing articles are chock-full of advice, showering investors with new stock picks to consider every day. All of this can be very overwhelming and confusing.Warren Buffett once said, “It’s far better to buy a wonderful company at a fair price than to buy a fair company at a wonderful price.”Bearing this in mind, the Wall Street analyst community can provide investors with some much-needed help. The experts possess extensive knowledge about the stocks they cover and can more easily identify which companies are the cream of the crop.In view of this, we used TipRanks’ database to identify two well-established companies …read more […]

Back on May 20, I wrote a Trade of the Day, titled “You’ll Never Guess What’s Sold Out Across America Right Now!”
The article was on Poolcorp (Nasdaq: POOL).
At the time, Poolcorp was trading around $230 per share.
Expensive?
Perhaps. But I still said to buy it (or even sell puts against it).
Specifically, I wrote the following:
Poolcorp is an expensive stock, which means that the options carry a big premium. However, this might make for a nice stock play – or even a put sell.
How has this recommendation performed?
Handsomely, to say that least.
Today, Poolcorp trades for just under $340 per share.
It’s gained $100 …read more […]

Chief Income Strategist Marc Lichtenfeld talks about a popular topic among income investors: real estate investing. Here’s why Marc thinks real estate should have a place in your portfolio.
The other day, I was talking to my wife about one of our real estate investments. My teenage daughter overheard and started asking questions about our strategy.
I explained that we invest in real estate in order to generate passive income. I said that my goal when I retire is to never have to touch my investment principal.
My daughter knows and understands my preference for dividend stocks. They also generate reliable passive income …read more […]

(Bloomberg) — Exxon Mobil Corp, Pfizer Inc. and Raytheon Technologies Corp. were kicked out of the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock market.Salesforce.com, Amgen Inc. and Honeywell International will enter the 124-year old equity gauge a week from today, its overseers said. The moves were prompted when Apple Inc.’s stock split effectively reduced the sway of computer and softward stocks in the price-weighted average.While any change to the Dow is notable, the ejection of Exxon Mobil …read more […]