Articles by admin

The U.S. oil and gas sector used to be worth $3 trillion, now there are three companies worth more than the entire sector …read more […]

Aurora Cannabis Inc. (ACB) on Tuesday announced plans to cut jobs and close five of its plants as it grapples with the financial impact of the coronavirus pandemic on the cannabis industry.The Canadian cannabis producer said it is reducing its selling, general and administrative (SG&A) staff by 25% and will cut 30% of its production workforce over the next two quarters. In addition, five of Aurora’s plants will be shut down so that production and manufacturing can focus on the company’s larger scale and highly efficient sites, it said.”With today’s announcement we have achieved our stated SG&A run-rate target and …read more […]

(Bloomberg) — Apple Inc. looks like an attractive investment no matter which aspect of the business you examine, according to analysts who are growing steadily more optimistic about the stock’s prospects.At least a dozen Wall Street firms have raised their Apple price targets this month alone, lifting the average to nearly $343, up from $305 at the end of April. UBS, Deutsche Bank, Bernstein, Citi, BofA and Morgan Stanley are all among the firms turning more positive, although the higher average still implies downside of more than 7% from current levels.Shares of Apple rose 3.3% on Tuesday, hitting an intraday …read more […]

Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald joins Yahoo Finance’s Akiko Fujita to break down the latest market action after President Trump says the trade deal with China is “intact” following an aide stating it was over. …read more […]

Spirit Aerosystems Holdings is asking lenders for financial support …read more […]

Wall Street’s top money managers are scratching their heads. How did mom-and-pop investors get the market so right?
Today, Nicholas Vardy looks at why the “dumb money” has been much more successful at investing after the coronavirus crash.

“Markets have rarely been so transparently stupid.”
– Bryce Elder, Financial Times, June 12
The financial media is exasperated. Market pundits are frustrated. Wall Street’s top money managers are scratching their heads.
The behavior of financial markets does not seem to make sense.
Unemployment in the United States stands at record highs.
The threat of a second wave of COVID-19 seems ever more real.
Social unrest is tearing the seams …read more […]

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 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

The stock market continues to surge. Here are some unstoppable stocks from veteran market minds. …read more […]

The Canadian pot producer said it has cut its selling, general and administrative (SG&A) workforce by 25% and will lay off 30% of its production staff over the next two quarters. A slow roll out of retail stores, the prevalence of illicit markets and burgeoning supply from producers racing to assert dominance have led to steep price declines and unsold pot stacking up. Aurora said it expects SG&A expenses to be around C$42 million in the first quarter of fiscal 2021, compared with C$75.1 million, excluding severance costs, recorded in the third quarter. …read more […]

It’s no surprise president Trump rushed to clarify comments by an advisor on the status of the U.S.-China trade deal. …read more […]

Impossible foods stock is in high demand. However, does this meat-alternative business trade on the stock market? Investors are licking their chops as the interest in plant-based meats rises.
The Impossible burger is available in over 15,000 restaurants around the world. In addition, Starbucks (Nasdaq: SBUX) is rolling out its own Impossible sausage breakfast sandwich across the country. As you can see, these protein-packed substitutes are becoming very popular.

Is Impossible Foods Stock Available?
Impossible foods is a privately-held company with a growing list of famous investors. Its most recent round of financing brought in an interesting group of celebrities. Overall, it’s raised …read more […]

Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss what’s moving the markets Tuesday with Kirk Hartman, Wells Fargo Asset Management President and Global CIO. …read more […]

BTIG Managing Director and Restaurant Analyst Peter Saleh joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss restaurants as the industry looks to recover from COVID-19. …read more […]

(Bloomberg) — American Airlines Group Inc. is set to raise $1.94 billion by selling equity and convertible bonds later this week after increasing the size of both offerings.The stock sale, at $13.50 a share, will generate about $1 billion, American said in a statement Tuesday, confirming details reported by Bloomberg News. That’s a discount of almost 16% compared with the closing price before the deal launched and 9.5% from American’s closing price Monday.The airline also is marketing $1 billion in convertible notes due 2025 with a 6.5% coupon and a conversion price of about $16.20 a share. That’s 20% premium …read more […]

(Bloomberg) — President Donald Trump signed an order Monday temporarily halting access to several employment-based visas, affecting hundreds of thousands of people seeking to work in the U.S. The technology industry said the move would hurt the economy.The order freezes new H1-B and H-4 visas, used by technology workers and their families, as well as L visas for intra-company transfers and most J visas for work- and study-abroad programs, including au pairs, through the end of the year.The issuance of new green cards will also remain halted through the end of the year.The new action will pause some H2-B visas …read more […]