Year: 2020

Once again, stocks have delivered an upset. Despite the havoc wreaked by COVID-19 during the second quarter, corporate profits have generally been better-than-expected. So far, 88% of S&P 500-listed companies have reported earnings results, and of these, 58% have exceeded expectations “by more than a standard deviation of estimates,” according to Goldman Sachs strategist David Kostin.Sure, Kostin notes the bar was set “extremely low,” but the results do warrant an estimate revision to the upside. To this end, the strategist now forecasts 2020 S&P 500 EPS of $130, up from $115, with this call still landing 21% below 2019 earnings. …read more […]

Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss July’s Producer Price Index, Nio’s second-quarter earnings report and IHG’s first-half earnings report. …read more […]

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(Bloomberg) — Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection after its unusual attempt to raise money selling potentially worthless shares fell through.The bankrupt rental-car giant said in a regulatory filing Monday it is looking for new sources of cash with the travel business in a deep slump and proceeds from the sale of its cars going to pay off creditors. Hertz raised just $29 million from selling its stock before questioning by Securities and Exchange Commission officials led the company to terminate plans to offer as much as $500 …read more […]

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made… …read more […]

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Adelene Perkins became the CEO of Infinity Pharmaceuticals, Inc. (NASDAQ:INFI) in 2010, and we think it’s a good time… …read more […]

A look at the shareholders of Equillium, Inc. (NASDAQ:EQ) can tell us which group is most powerful. Institutions will… …read more […]

Stock futures rose Tuesday morning, with the S&P 500 closing in on a record level as hopes for a vaccine and further stimulus spurred a global risk rally. …read more […]

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Duke Energy… …read more […]

* WELL achieved record quarterly patient services revenues in the second quarter due to: (1) a successful shift to telehealth which included significant revenues from both VirtualClinic+ and phone consultations; (2) WELL’s family practice business proved to be highly resilient; and (3) WELL’s corporate-owned clinics remained open as a critical business throughout the COVID-19 pandemic. * COVID-19 has caused an acceleration of WELL’s telehealth business as patients observing physical distancing measures increasingly turned to telehealth during the pandemic. …read more […]

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