Year: 2020

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A Hidden Danger in Explosion of Index Funds

July 22, 2020 admin Comments Off on A Hidden Danger in Explosion of Index Funds

(Bloomberg) — New research has directly connected the explosive growth of passive investing to deteriorating corporate performance over the long haul.In a paper posted this month, a trio of academics tracked share-buyback activity for a range of companies and found those with higher passive ownership spent more on stock repurchases but saw worse financial outcomes.Having disengaged owners “lowered the association” between buybacks and future performance, according to authors Brian Bratten and Jeff Payne of the University of Kentucky and Meng Huang of the University of Toledo. It was also positively associated with “suspect” repurchases — those that resulted in companies …read more […]

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If You Own Edwards Lifesciences (EW) Stock, Should You Sell It Now?

July 22, 2020 admin Comments Off on If You Own Edwards Lifesciences (EW) Stock, Should You Sell It Now?

Brown Advisory recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Large-Cap Growth Fund posted a return of 27.86% for the quarter, outperforming its benchmark, the Russell 1000 Growth Index which returned 27.84% in the same quarter. You should check out Brown Advisory’s top 5 stock picks for […] …read more […]

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Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash

July 22, 2020 admin Comments Off on Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash

(Bloomberg) — Lockheed Martin Corp. and Boeing Co. received about half of an initial $2.3 billion in increased, accelerated payments the Pentagon provided contractors to help companies’ cash flows after the Covid-19 pandemic erupted in the U.S.The initial infusion was included in $13 billion in regular, periodic progress payments paid to the companies, according to newly released defense figures. Lockheed Martin initially received $685 million while Boeing got $670 million, according to a Pentagon statement to Bloomberg NewsIn a separate statement, Lockheed Martin said that modifications to existing contracts resulted in additional accelerated payments to the company, increasing its total …read more […]

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Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

July 22, 2020 admin Comments Off on Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

Bombardier shares rose 6% in morning trade. The Canadian corporate aircraft and train maker has pulled its 2020 forecast and announced job cuts as the health crisis pummels demand for high-margin private jets. The company said it secured a commitment from investment funds and accounts managed by HPS Investment Partners LLC to provide the three-year senior secured term loan. …read more […]

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Cruise Lines’ Booking Practices in a Pandemic Are ‘Astonishing’: CDC Official

July 22, 2020 admin Comments Off on Cruise Lines’ Booking Practices in a Pandemic Are ‘Astonishing’: CDC Official

Since the start of July, the major cruise lines have ramped up their public-facing efforts to safely resume sailing. Norwegian Cruise Lines and Royal Caribbean have co-founded a Healthy Sail Panel with experts across the medical, public health, and epidemiological fields. Carnival has teamed up with the World Travel and Tourism Council for a July 28 […] …read more […]