Articles by Editor

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(Bloomberg) — The most successful way to be a gold producer may be to not operate any mines.At least, that’s the business model of DRDGold Ltd., the best-performing stock on the MSCI ACWI Select Gold Miners Investable Market Index this year. The company, which specializes in recovering gold from mine dumps in and around Johannesburg, has surged 277% in 2020, also making it the biggest gainer on South Africa’s FTSE/JSE Africa all share benchmark.“Everybody is flocking to the arms of gold,” Niel Pretorius, chief executive officer of DRDGold, said in an interview on Tuesday. “And because our company does provide …read more […]

(Bloomberg) — Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, warned Goldman Sachs Group Inc.The increased probability of an approved vaccine by the end of November is underpriced by equity markets and by that time the result of the U.S. election will be known, wrote strategists including Kamakshya Trivedi in a note Wednesday. Investors will also know how the start of the school year will have impacted the spread of the coronavirus, they said.Approval of a vaccine could “challenge market assumptions both …read more […]

U.S. regulatory officials may still need to issue another environmental assessment for DAPL before deciding if the 570,000-barrel-per-day oil pipeline can keep operating, the U.S. Court of Appeals for the District of Columbia said. In July, the U.S. District Court for the District of Columbia ruled the U.S. Army Corps of Engineers violated federal environmental law when it granted an easement to Energy Transfer LP to construct and operate a portion of the pipeline beneath South Dakota’s Lake Oahe, a crucial drinking-water source for the Standing Rock Sioux tribe. …read more […]

* $25.8M Revenue, 21% Gross Margin, ($8. …read more […]

Amazon.com, Inc. (NASDAQ: AMZN) shares are up another 74.9% in the past year, but at least one larger option trader is betting its recent rally may come to an end soon.The Amazon Trade: On Wednesday morning, Benzinga Pro subscribers received an option alert related to an unusually large Amazon trade.At 11:28 a.m., a trader bought 407 Amazon put options with a $3,100 strike price expiring on August 21 near the ask price at $50.011. The trade represented a more than $2.03 million bearish bet.Why It’s Important: Even traders who stick exclusively to stocks often monitor option market activity closely for …read more […]

This is a two-part series on hedging. Hedging is probably the second-most-important lesson in investing, with position sizing being the most important.
You hedge against the unknown and the “maybe” known. For example, this is a very important year in politics and health. How they both play out could have major consequences for the years ahead.
Is your portfolio ready for the volatility ahead? If not, there’s still time to prepare.
Hedges will lose most of the time. They’re insurance against the “big one,” just like your homeowners policy. Yet, when you lose money each year on your insurance policy, you consider it …read more […]

The Indian drugmaker will have exclusive rights for the vaccine in India during the term of the deal and non-exclusive rights during the “Pandemic Period” in all countries other than those designated by the World Bank as upper-middle or high-income countries. The deal was signed on July 30, according to an SEC filing by Novavax. On Tuesday, Novavax reported that its experimental COVID-19 vaccine produced high levels of antibodies against the novel coronavirus in a small, early-stage clinical trial, and that it could start a large pivotal Phase III trial as soon as late September. …read more […]

Do you think advisers always look out for you? Think again, the financial celeb says. …read more […]

Though real estate investment trusts (REITs) generally pay solid dividend yields, many investors are still scared of them.
Understandably so…
While the broad market is only 3% off its all-time high, the real estate sector, as measured by the iShares U.S. Real Estate ETF (NYSE: IYR), is still 20% from its high.
W.P. Carey (NYSE: WPC) is down more than 24% from its high. It sports a 6% yield, but how safe can a real estate dividend be in this economy?
It makes sense that investors would want nothing to do with a commercial real estate play considering that retailers like Brooks Brothers, J. …read more […]

For nearly a century, utilities have generated electricity from huge, centralized fossil fuel-fired power plants. This electricity is sent to users over large transmission grids.
This system works, but it has its limitations.
For instance, there’s often only one provider. If you want power, you’ll have to pay its going rate, whatever that may be.
And the power keeps getting more expensive. The cost of utility electricity has gone up 3% annually. It’s done so for the last 15 years.
Utility electricity is also unreliable. If the plant or the lines go down, that’s it – there’s no power.
Even as I write this, my …read more […]

The battle to extinguish the coronavirus is nowhere near the end. Cases have yet to be bought under control in many states. California is among the worst hit; Last week a new single-day death record was set, and the state’s reopening has been rolled back.Apart from the obvious need to contain the virus’ spread, comes the need for as much testing as possible.Diagnostics specialist Biocept (BIOC) has risen to the challenge. Being San Diego based, the small cap is perfectly located to meet demand in the Golden State.Over 100,000 tests are conducted each day in California. Although cases have modestly …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

On Wednesday, Bank of America analysts led by Wamsi Mohan cut their rating on shares of Apple from buy to neutral, citing a number of risks. Key issues include tough comps, squeezed services margins by content amortization costs and risks in the 5G iPhones. …read more […]

(Bloomberg) — Jeff Bezos has trimmed his stake in Amazon.com Inc. by selling stock worth more than $3.1 billion.The richest person in the world sold about 1 million shares, according to Securities and Exchange Commission filings. Earlier this year he sold 2 million shares, worth $4.1 billion at the time, as part of a pre-arranged trading plan.For Bezos, 56, this year has been a reversal from years of relative restraint in reducing his holding in Amazon. He still holds more than 10% of the company and is worth $189.8 billion, according to the Bloomberg Billionaires Index. His fortune has surged …read more […]