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Dell's quarterly results beat estimates on remote work boost

August 27, 2020 Editor Comments Off on Dell's quarterly results beat estimates on remote work boost

Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%. Revenue from the company’s biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. …read more […]

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Billionaire Israel Englander Goes Big on These 3 Penny Stocks

August 27, 2020 Editor Comments Off on Billionaire Israel Englander Goes Big on These 3 Penny Stocks

Penny stocks, they divide market watchers like no other. Some investors steer clear of these tickers going for less than $5 apiece, as poor fundamentals or overwhelming headwinds could be keeping them down in the dumps.On the other hand, penny stocks lure the more risk-tolerant. Not only does the bargain price tag mean you get more bang for your buck, but also even minor share price appreciation can yield huge percentage gains. The implication? Major returns for investors.Based on the above, weeding out the long-term underperformers from the penny stocks going for gold can pose a significant challenge. In this …read more […]

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United Airlines announces biggest pilot job cut in its history

August 27, 2020 Editor Comments Off on 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?

August 27, 2020 Editor Comments Off on 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

August 27, 2020 Editor Comments Off on 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 […]