McLain Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -15.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. However, you should check out McLain Capital’s top 5 stock picks […] …read more […]
(Bloomberg) — General Electric Co. predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter.The jet-engine division has tracked “early signs of improvement” in flight departures on the path to a lengthy recovery, GE said in a presentation Wednesday as it reported results. The company burned through $2.1 billion in industrial free cash in the second quarter, less than the $3.3 billion drain expected by analysts.“It’s really about sequential improvement from here,” Chief Executive Officer Larry Culp said on a call with analysts. “The environment remains challenging. But with respect to …read more […]
McLain Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -15.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. However, you should check out McLain Capital’s top 5 stock picks […] …read more […]
McLain Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -15.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. However, you should check out McLain Capital’s top 5 stock picks […] …read more […]
MONTREAL, July 29, 2020 – Valeo Pharma Inc. (CSE: VPH) (“Valeo” or the “Company“), a Canadian specialty pharmaceutical company, announced today that it has completed and filed its application to list the Company’s Class A shares (“Shares”) […]
Moderna began the U.S. government-backed trial on Monday, among a handful of companies that have started final testing of their experimental vaccines on tens of thousands of healthy volunteers. Chief Executive Officer Stéphane Bancel declined to comment on the specific price of the vaccine on a conference call with analysts. The Financial Times reported on Tuesday, citing unnamed sources, that the company was planning to price the vaccine at $50 to $60 per course, at least $11 more than another vaccine from Pfizer Inc and BioNTech. …read more […]
The Points Guy ranked Delta as the best airline to fly in 2020. …read more […]
Gates said that the spread of the “outrageous” video shows how social media companies struggle to contain damaging misinformation before it gains wide attention. …read more […]
ADULT USE CANNABIS REVENUE INCREASES 27% FROM PRIOR QUARTER AND FIFTH CONSECUTIVE QUARTER OF POSITIVE ADJUSTED EBITDA Net Revenue Increases 5% from Prior Quarter and 18% from Prior Year Quarter Adjusted EBITDA from Cannabis Operations of $9.3 Million Increased 55% from Prior Quarter Cash Cost Per Gram Remained Below $1 and Decreased 5% from Prior Quarter to $0. …read more […]
(Bloomberg Opinion) — Consumers fearful of catching the coronavirus are adapting their transport habits: Crowded airplanes are now unappealing, while being cocooned in a car feels safe.Car rental firms have had a close-up view of this rapid shift in consumer behavior because most generate more than half of their revenue at airports.This dependence looked like it would be disastrous for the entire car rental sector, but on Tuesday evening two of the world’s largest car rental groups — Paris-based Europcar Mobility Group and U.S. operator Avis Budget Group Inc. — gave quite different assessments of their prospects. That has a …read more […]
The No. 1 U.S. automaker reported a net loss for the quarter of $806 million, or 56 cents per share, down from a profit of $2.4 billion, or $1.66 per share, a year earlier. Analysts had expected a loss of $1.77 per share for the quarter. …read more […]
(Bloomberg) — Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists.Managers who run long-term portfolios worth trillions of dollars are taking interest in gold as they search for returns in a yield-starved investing landscape. The broader array of buyers is one of the key dynamics behind the rally to $2,000 an ounce, even as gold’s traditional customers in India and China remain on the sidelines.In the past, when bonds offered heftier yields, many professional investors had little use for gold. A broad portfolio of stocks and bonds …read more […]
(Bloomberg) — Shopify Inc. nearly doubled its revenue in the second quarter, crushing analysts’ estimates as consumers moved their purchases online during the coronavirus pandemic.Sales grew 97% to $714.3 million from the same quarter a year ago, Ottawa-based Shopify said in a statement Wednesday. Analysts had expected about $512 million, according to data compiled by Bloomberg.“The strength of Shopify’s value proposition was on full display in our second quarter,” Chief Financial Officer Amy Shapero said in the quarterly release. “We are committed to transferring the benefits of scale to our merchants, helping them sell more and sell more efficiently, which …read more […]
Here’s what to expect from Jeff Bezos as he faces the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law. …read more […]
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