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Three Stocks Billionaires Are Investing in Right Now

They spot trends ahead of the crowd, have many, many ears to the ground, see inefficiencies in the market and use their talents to spot undervalued opportunities…
Billionaires are movers and shakers who can make things happen in the market and the world.
Their moves should not be taken lightly.
Sure, they have the money to make a bunch of bad moves and still come out ahead. But you don’t become mega-wealthy by doing that over and over. That’s usually reserved for those who inherit their wealth, not earn it.
So when these big guns make big moves, I pay attention, and so should …read more […]

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What’s Market Volatility Saying Now?

When the market crashed in March, a lot of attention was paid to volatility.
Market volatility is the variation of a trading price over time.
The most common way to measure the variation of the price of the broader market is the VIX, which is the CBOE Volatility Index. It measures option prices on the S&P 500.
Volatility is also a tool that you can use to hedge your portfolio or trade for profits.
For example, when volatility (as measured by the VIX) was low last winter, many traders and investors bought calls on the VIX or other volatility instruments as hedges. That way, …read more […]

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Google owner Alphabet issues record $10 billion bond at lowest-ever price

Alphabet Inc borrowed $10 billion in the investment-grade corporate debt market on Monday, the Google parent’s largest ever bond issue, which it secured at its lowest-ever cost of financing. Of the $10 billion on offer, the $1 billion five-year tranche was issued at a coupon of 0.45%, the lowest coupon seen at that maturity since Apple Inc issued a $1.5 billion five-year note at 0.45% in 2013. Investor appetite was fierce for the tech giant’s six-part bond, as low interest rates and corporate bond buying from the Federal Reserve continues to support issuance. …read more […]

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Nickel Prices Spike After Tesla’s Conference Call

Nickel prices recently jumped after Tesla’s conference call. The trending EV market is creating more demand for the metal. Trends Expert Matthew Carr explains what this means for investors.
This was supposed to be the year of nickel’s rebound.
Some forecasts even had the industrial metal surging 20% to $16,375 per metric ton.
And 2020 was supposed to be only the beginning. Nickel prices were projected to top $25,000 per ton by 2025 and $28,000 per ton by 2027.
Those are levels the metal hasn’t seen since the booming glory days of 2006.
And those surging prices were expected to be fueled largely by the …read more […]

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10 Most Profitable Companies in America in 2020

The 10 most profitable companies in America in 2020 have combined net profits exceeding $329 billion, while their total assets are worth nearly $3 trillion, all thanks to the capitalist’s dream that is America. Every year, in fact every day, the gap between the rich and the poor in the US increases. The difference between the 1% […] …read more […]

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Virgin Galactic reports no quarterly revenue, plans additional offering of 20.5M in shares

Shares of Virgin Galactic Holdings slipped as much as 9% on Monday following the release of its second-quarter results, which fell below investors’ expectations. The company announced that it would be offering an additional 20.5 million in shares to raise about $460 million. Yahoo Finance’s Jared Blikre breaks down the company’s quarterly report on The Final Round. …read more […]

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Sorrento’s New COVID-19 Test Could Be a Game Changer, Says 5-Star Analyst

Sorrento Therapeutics (SRNE) enjoyed yet another stellar day. Sure, there have been plenty of good weeks so far in 2020 – shares are up by a resounding 190% year-to-date. And according to H.C. Wainwright analyst Ram Selvaraju, there’s plenty more to come.Selvaraju reiterated a Buy rating on SRNE shares and boosted his price target to $30. If the market plays nice with Selvaraju’s forecast, investors could be adding a massive 207% to their portfolios over the next 12 months. (To watch Selvaraju’s track record, click here)That’s an extremely bullish call, so what lies behind it? Last week, Sorrento announced it …read more […]

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Take-Two software revenue soars 54%, boosts guidance on demand surge amid pandemic

On Monday, Take-Two Interactive reported a strong first-quarter that easily beat analysts’ expectations. The video game company reported a fiscal first quarter record in GAAP net revenue, thanks in part to its Grand Theft Auto franchise, NBA 2K20 and Social Point’s mobile offerings, among others. Take-Two also increased its outlook for the fiscal year 2021. Myles Udland breaks down the company’s quarterly results on The Final Round. …read more […]

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AIG Posts $7.9 Billion Loss Driven by Deal to Unload Risks

(Bloomberg) — American International Group Inc. posted a $7.9 billion second-quarter loss driven by the sale of a majority stake in a business of runoff policies, as well as costs from the pandemic and civil unrest.The sale of the Fortitude Group Holdings stake, which was announced in late 2019 and completed in June, was used to de-risk the balance sheet, Chief Executive Officer Brian Duperreault said in a statement Monday. Adjusted net income of 66-cents a share beat the 48-cent estimate of analysts in a Bloomberg survey, as the company improved profitability in property-casualty underwriting.Key InsightsThe sale of a majority …read more […]