Year: 2020

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for… …read more […]

The coronavirus pandemic hasn’t gone away; there’s a growing realization that the virus will be with us, at least, for some time to come. And that makes dividend stocks, the classic defensive play, look better.Return-minded investors can find a degree of safety in high-yielding equities, as the dividend will insulate the portfolio’s income stream. And even though dividend stocks tend to return less on share appreciation, there are still plenty out there that are showing high upside potential.Finding the right dividend stock, however, is the real trick. Top analysts from investment bank RBC have been focusing their gaze on some …read more […]

President Trump tweeted about delaying the 2020 election, but the Constitution says otherwise. …read more […]

As you might know, Park National Corporation (NYSEMKT:PRK) just kicked off its latest second-quarter results with some… …read more […]

(Bloomberg) — California Pizza Kitchen Inc. filed for Chapter 11 bankruptcy in Houston on Wednesday, becoming the latest restaurant chain to try to cut debt as it grapples with the pandemic.“For many restaurants, the Covid-19 pandemic will be the greatest challenge they will ever face; for some, it may also be their last,” Chief Executive Officer James Hyatt said in a declaration filed as part of the bankruptcy.The company, which operates more than 200 restaurants in the U.S. and abroad, has reached an agreement with a majority of its senior creditors on a restructuring plan. It’s looking to reduce its …read more […]

…read more […]

U.S. GDP contracted a record 32.9% in the second quarter. Western Asset Portfolio Manager John Bellows joins the On the Move panel to discuss. …read more […]

(Bloomberg) — Seth Klarman said the Federal Reserve is treating investors like children and is helping create bizarre market conditions that are unsupported by economic data.“Surreal doesn’t even begin to describe this moment,” Klarman said in a letter to investors reviewed by Bloomberg News. Investor “psychology is surprisingly ebullient even though business fundamentals are often dreadful,” he added.The culprit is the Fed, Klarman said in the 16-page letter.“Investors are being infantilized by the relentless Federal Reserve activity,” said Klarman, who runs hedge fund firm Baupost Group. “It’s as if the Fed considers them foolish children, unable to rationally set the …read more […]

Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming. The largest U.S. oil company slashed this year’s budget by 30% in April, but Chief Executive Darren Woods’s turnaround through rebounding demand and increased asset sales have not panned out and losses are climbing. On Friday, Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data, on sharply lower prices and weaker production, the first back-to-back quarterly losses in at …read more […]

Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming. The largest U.S. oil company slashed this year’s budget by 30% in April, but Chief Executive Darren Woods’s turnaround through rebounding demand and increased asset sales have not panned out and losses are climbing. On Friday, Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data, on sharply lower prices and weaker production, the first back-to-back quarterly losses in at least …read more […]

As you might know, Pfizer Inc. (NYSE:PFE) recently reported its second-quarter numbers. It was not a great result… …read more […]

Wednesday’s landmark tech hearing was long on political theater but sprinkled among the 5 hours of questioning were some indications of what changes lawmakers could be seeking for big tech. …read more […]

James McDonald, Hercules Investments CEO joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what’s moving the markets on Thursday morning. …read more […]

Today is shaping up negative for Las Vegas Sands Corp. (NYSE:LVS) shareholders, with the analysts delivering a… …read more […]

(Bloomberg) — Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level.The world’s biggest retailer has laid off workers in departments including store planning, logistics and real estate, said the people, who asked not to be identified because they aren’t authorized to speak publicly.Some of those affected were told in person, while others learned their fate over a Zoom call, according to the people. Conversations with those impacted will continue throughout the week. Those who lose their jobs will be paid until the end …read more […]