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United Airlines announces biggest pilot job cut in its history

United Airlines is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further U.S. government aid. Airlines, reeling from the devastating impact of the novel coronavirus pandemic on air travel, have asked the U.S. government for another $25 billion (18.93 billion pounds) to cover employee payroll through March. The first tranche, which banned any job cuts until Oct. 1, expires at the end of September, but talks in Washington have stalled as Congress has struggled to reach …read more […]

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AMC Stock Gets Small Bounce but Will the Movies Come Back?

AMC stock rallied from a low of $5.21 to a close of $5.54, yesterday, which represented a gain of $0.13 or 2.40%. The stock price moved on a reasonably strong first weekend of box offices being back open.
Now, the weekend’s box office total gross was $6.6 million. That represents an increase of 232% over the previous weekend’s gross. This is a positive sign that movie theaters might still be a viable business.
However, this was by far the best weekend the movies have had since March. Back then, March 13-15 saw a gross of $53.7 million before movie theaters shut down …read more […]

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Analysts Say These 3 Stocks Are Their Top Picks for 2020 and Beyond

The markets are setting new records with an almost boring regularity. The tech-heavy NASDAQ is well above 11,600, and the S&P 500 has tested – and broken – resistance at 3,400. Investors are clearly willing to buy, and the only question is, what to buy?There is no one easy answer to that question, but investors can still find answers – by following Wall Street’s top analysts when they publish their top picks. As we head into the tail end of the year, the analysts are doing just that – publishing their top stock picks for the rest of this year …read more […]

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Should I Avoid Thermo Fisher Scientific Inc. (TMO)?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

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Hedge Funds Souring On Gilead Sciences, Inc. (GILD)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]