Articles by admin

(Bloomberg) — The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year.The number of oil-laden tankers parked in Chinese waters has swelled since the start of the month with almost 200 ships expected over the course of June, according to vessel-tracking information compiled by Bloomberg and data intelligence firm Kpler. Crude imports surged to a record in May as demand rebounded after the easing of lockdown restrictions.The congestion illustrates the explosion in purchases by Chinese refiners …read more […]

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(Bloomberg) — Oil was poised to resume a run of weekly gains on signs consumption is picking up as economies emerge from lockdowns, despite many countries still struggling to bring the coronavirus under control.Futures in New York edged above $39 a barrel Friday and are up around 8% this week. Top trading houses Vitol SA and Trafigura Group said global oil demand is recovering rapidly from its nadir in April, with Trafigura estimating it’s at 90% of pre-virus levels. Gasoline futures in the U.S. moved into backwardation for the first time in three months on Thursday, a bullish signal that …read more […]

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One of the most accurate predictors of how a stock will do in the future is insider buying.
But there’s a catch…
There must be a pattern.
This pattern is called “cluster buying.” It’s when three or more insiders buy at varying prices, lower and higher, on the open market.
But there’s more. This pattern also requires that one or two of the insiders be officers or lower. Directors often buy as part of a program, and major shareholders who own more than 10% of the outstanding shares buy for varying reasons.
However, when an insider like the vice president of marketing or the legal …read more […]

JetBlue Airways published a simple press release Thursday announcing 30 new routes starting this summer and fall, mainly for leisure customers, to leverage a nascent recovery. But to insiders, it was more — a manifesto showing that JetBlue, now in survival mode, no longer plans to play by the industry’s unwritten rules. First, some background. […] …read more […]

(Bloomberg) — CureVac AG, a player in the hotly contested race for a coronavirus vaccine and soon to be partly owned by the German government, is working with Bank of America Corp. and Jefferies Financial Group Inc. on a U.S. initial public offering, according to people familiar with the matter.The vaccine maker, based in Tuebingen, Germany, could raise $150 million to $200 million, valuing the company at $1 billion, said the people, who asked not to be identified because the information wasn’t public. That valuation could change depending on whether regulators approve a vaccine.CureVac Chief Financial Officer Pierre Kemula said …read more […]

In the last few years, Advanced Micro Devices (AMD) has grown without the benefit of one of its best businesses. The company has long provided chips for the major video game consoles, but the related console business for this cycle peaked all the way back in 2016.AMD has seen surging demand for CPUs and data center chips, but the semi-custom chips provided to the console companies has collapsed to next to nothing. Both Sony and Microsoft plan to launch new consoles in 2020 with AMD chips providing another revenue boost for the company.Citing the upcoming PS5 launch, Northland analyst Gus …read more […]

The overnight moves came on the heels of a choppy session on Thursday, with the S&P 500 and Nasdaq closing slightly higher and the Dow ticking down. …read more […]

With much of America — and the world — working and studying from home under quarantine in the first half of 2020, there’s been a boom in demand for semiconductors to power individual notebook PCs, and also the server farms that make possible those PCs’ connection to the internet. It’s primarily for this reason that 5-star Nomura analyst David Wong recommended investors focus on semiconductor makers winning in business notebooks and “data centers” — with success in game consoles and automotive computers being of only secondary concern.Which stocks does Wong recommend most strongly? Chip giants Intel (INTC) and AMD (AMD). …read more […]

(Bloomberg) — Microsoft Corp. President Brad Smith said it’s time for antitrust regulators in the U.S. and Europe to discuss tactics that app stores use to take advantage of those who want to distribute their software.Smith was referring to Apple Inc.’s App Store, a Microsoft spokesperson said, though he didn’t specify the iPhone maker in his remarks. European antitrust regulators on Tuesday opened an investigation into Apple’s policies, saying developers may be forced unfairly to provide a share of app store revenue to the company.Some app stores create a far higher barrier to fair competition and access than Microsoft’s Windows …read more […]

As markets begin to regain confidence, some companies that have taken some lumps from the coronavirus have started to recover. Managing Partner at Polaris Greystone Financial Group Jeff Powell joins The Final Round panel to break down why investors should shift to value stocks and move away from growth stocks
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There’s a big change coming. And it’s going to affect the device you use most often.
Right now, the population has been stuck indoors for what seems like an eternity… maybe longer. Who can tell anymore?!
And for the most part, our eyes have been bouncing from one screen to another – from our tablets to our TVs to our computers… and back again.
But no device has proven to be a more important tether than our smartphones.
If we’re not endlessly scrolling through memes, reading funny comments on articles, pulling up informative YouTube videos or playing time-wasting games, we’re calling or video chatting, …read more […]