Year: 2020

(Bloomberg) — Former national security adviser Susan Rice, a Netflix director, sold some of her shares of the video streaming company worth $305,323 this week as speculation swirls that she is among the candidates to be Democratic presidential nominee Joe Biden’s running mate.A spokeswoman for Rice said the sale was unrelated to politics and was made under a stock trading plan she filed more than three months ago under Securities and Exchange Commission rules.“Ambassador Rice’s sale of a fraction of her Netflix stock has nothing to do with VP speculation,” Erin Pelton said.Rice, who also served as the U.S. ambassador …read more […]

Does the July jobs report signal a V-shaped economic recovery? Special assistant to the president and NEC chief economist Joseph Lavorgna weighs in. …read more […]

Today we’re going to take a look at the well-established Fortinet, Inc. (NASDAQ:FTNT). The company’s stock received a… …read more […]

Yahoo Finance’s On The Move panel weigh in on the latest stories making headlines. …read more […]

(Bloomberg) — United Parcel Service Inc. and FedEx Corp. shares jumped after the couriers said they are raising prices aggressively to boost profit and help manage an avalanche of residential deliveries spurred by the coronavirus pandemic.UPS plans to apply holiday season surcharges of as much as $4 a package for shippers that send more than 25,000 parcels a week and whose peak-season volume is triple February’s level. On the low end, the charge is $1 a package for ground deliveries for shippers with volume at least 10% above February’s level. UPS, which skipped the peak-season fees last year, charged less …read more […]

The marijuana market is growing, well, like a weed. And yet, due to its federal legal status, figuring out how to invest in marijuana stocks can get a little sticky. But, the effort can be worth it.

Global spending on marijuana shot up 46% in 2019. And there aren’t any signs of it slowing down. Worldwide revenue from legal marijuana has been forecast to explode to $103.9 billion by 2024. That would be an astounding 853% increase in sales over the course of just six years.
So it’s not surprising that savvy investors are flocking to marijuana stocks in droves. And keep …read more […]

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New York’s school districts will welcome students back into classrooms in the fall, Governor Andrew Cuomo announced on Friday, as the former coronavirus epicenter continues on its recovery. …read more […]

Yahoo Finance’s Adam Shapiro breaks down the stocks to watch Friday. …read more […]

Sometimes a market rally makes sense, but for many investors, the current run-up just doesn’t. Bouncing back with incredible force, the S&P 500 has gained 50% since plummeting to a low point on March 23, with the index now landing just shy of its 52-week high.This impressive charge forward has come as investors shrug off COVID-19’s devasting impact on the economy. Even the fact that the U.S. only added 167,000 employees to private payrolls in July, compared to the 1 million expected, hasn’t been able to derail this bullish trading action. On top of this, gloomy COVID-19 headlines continue to …read more […]

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A new slugfest has erupted between two of Silicon Valley’s biggest corporations. Apple, after repeatedly rejecting Facebook Gaming app for iOS devices, finally approved the social giant’s app for the App Store. However, Facebook had to strip out games entirely — allegedly because of Apple’s preconditions for it to be published in the App Store. […] …read more […]

Wall Street pros have been taking a careful look of the stock markets in light of the recent gains. The S&P 500 was up 5.5% by the end of July, and the gains have continued into August. CFRA strategist Sam Stovall sees conditions as overbought, and believes that investors are in for a shock between now and the end of September – in the form of a 5% to 10% sell-off.Stovall cites a number of factors to support his contention that we’re on the verge of a market cliff, including “tech and large-cap dominance, the concerns surrounding soaring gold prices, …read more […]

Artko Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -11.4% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Artko Capital’s top 5 stock picks for investors to buy […] …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]