Articles by admin

Botox, which AbbVie gained through its $64 billion acquisition of Allergan in May, suffered an initial hit during the peak of the health crisis, but demand has since improved. AbbVie’s portfolio of aesthetic medicines such as Botox was showing a “V-shaped recovery,” Chief Executive Officer Richard Gonzalez said in a statement. Humira brought in sales of $5.14 billion and AbbVie’s newer psoriasis medicine Skyrizi generated $435 million in the quarter ended Sept. 30. …read more […]

The Netflix money-minting machine looks to be ramping up even further. …read more […]

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Shareholders might have noticed that eBay Inc. (NASDAQ:EBAY) filed its quarterly result this time last week. The early… …read more […]

Knowing what the current and historic returns are for every type of investment, the smart investor will curtail his ambitions to what is reasonable to expect.
For example, the smart investor plans to get 8% to 12% on his stock portfolio over time. He doesn’t try to get much more than that. He knows that if he does try, he will probably make much less. (Studies show he’ll probably make only 2% to 3%.)
The same is true of every other asset class – government securities, corporate bonds, convertible bonds, natural resource stocks, penny stocks, private placement deals, commodities, currencies, real estate, …read more […]

There’s been a notable change in appetite for The Boeing Company (NYSE:BA) shares in the week since its quarterly… …read more […]

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically… …read more […]

(Bloomberg) — Prosus NV plans to buy back a combined $5 billion of shares in itself and its South African parent Naspers Ltd. in a move designed to boost shareholder value and narrow a discount between the e-commerce giant and its stake in Tencent Holdings Ltd.The group will aim to pick up $1.37 billion of its own stock and $3.63 billion of Naspers, Amsterdam-based Prosus said in a statement on Friday. The purchase will start following the release of half-year earnings on Nov. 23.“Over the years, our group has achieved improved financial flexibility. It has built a portfolio of e-commerce …read more […]

Top news and what to watch in the markets on Friday, October 30, 2020. …read more […]

The world’s largest initial public offering (IPO) is breaking records in Hong Kong’s stock market history and soaked up more than half of the money in circulation as investors spent an unprecedented amount of cash to win a piece of the world’s biggest online payments company.Almost 1.5 million retail investors put in HK$1.3 trillion (US$167.7 billion) in Ant Group’s retail offering in Hong Kong as of 11am local time, according to people familiar with the matter. That amounted to 394 times over the initial number of shares on offer, they said. The ratio is likely to increase further after the …read more […]

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(Bloomberg) — Gold headed for a third monthly drop — the longest run since 2019 — as investors favored the dollar as a haven in the final days before next week’s pivotal U.S. presidential election, a contest that coincides with a wave of coronavirus cases that’s ripping through the top economy and Europe.Uncertainty remains high before the Nov. 3 vote, lifting the dollar’s appeal as a safe asset over bullion. The spread of Covid-19 is intensifying in the U.S., where new cases topped 86,000 to set a fresh daily record, as well as right across Europe’s leading nations.Since hitting a …read more […]

(Bloomberg) — Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and aviation fuel.Futures have tumbled almost 11% this month in New York and they’re near the lowest since late May in London. Infections surged to a record in the U.S. Midwest, while parts of Europe tightened restrictions to stem second waves. Meanwhile, the return of Libyan supplies added to concerns of a crude glut.Road fuel sales in the U.K. slid for a fifth week to the lowest since July. …read more […]

(Bloomberg) — Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps.Futures on the S&P 500 tumbled 2% and Nasdaq 100 contracts were down 2.3% as of 6:45 a.m. in London. Stocks had rebounded from the worst selloff in four months during the cash session ahead of the slate of megacap results.The slide follows a red-hot run this year that saw the tech giants help haul U.S. equities to new highs amid a rampant pandemic and severe economic downturn.“As we’ve seen in reactions …read more […]

“The dollar rebound appears to have run its course,” said Edward Moya, senior market analyst at OANDA. Europe has moved back to the centre of the global pandemic, with Germany and France ordering a second lockdown to curb the spread of infections. “Leading into the U.S. elections I see it (gold) staying weak,” said Michael Langford, executive director at corporate advisory and consultancy firm AirGuide. …read more […]