Articles by admin

Baidu, Inc. (NASDAQ:BIDU) shareholders should be happy to see the share price up 18% in the last month. But that… …read more […]

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With a large number of companies hoping to bring a viable COVID-19 test to market, how does one differentiate itself? A nod from the FDA helps.Last week, Chembio Diagnostics’ (CEMI) DPP (Dual Path Platform) COVID-19 serology test was granted emergency use authorization (EUA) by the FDA. The company’s potential to deliver a reliable test has driven impressive gains for the stock in 2020; Chembio’s share price has appreciated by a massive 166% year-to-date.Accordingly, Canaccord Genuity’s Max Masucci reiterated a Buy recommendation on Chembio and bumped up the price target – lifting it from $10 to $12. With CEMI having added …read more […]

CVS Health Corporation (NYSE:CVS) is about to trade ex-dividend in the next 2 days. If you purchase the stock on or… …read more […]

Quibi CEO Meg Whitman called on tech giants and their leaders to recognize the “big responsibility” to the public that comes with the economic power they command and the central role they play in the everyday lives of Americans. …read more […]

(Bloomberg) — It’s not hard to find people with a dim view of the stock rally. Just as many or more embrace it, and are happy to explain why.Conventionally defined, the S&P 500 is in a new bull market, having climbed 28% since mid-March. Indexes are poised to close higher for the third week in four, with two of the advances exceeding 10%, a feat unseen since 1933. Gains in giant tech stocks have turned the Nasdaq 100 green for the year.Believers are out there, pointing to unprecedented and swift actions by the Federal Reserve and Congress, and the propensity …read more […]

(Bloomberg) — The coronavirus economy is shredding records for government borrowing and for central-bank lending. Soon it may also smash the taboo that’s supposed to keep those two things apart.Governments paying for budget spending with loans from their own central banks is known as monetary financing. It’s long been seen as a slippery slope that starts with politicians riding roughshod over central-bank independence, and ends in runaway inflation as they splash what feels like free cash around the economy.The stricture against direct financing has held up even through a series of crises when central bankers did in fact buy plenty …read more […]

Boeing Co (BA) shares surged 15% on Friday after the largest U.S. planemaker said it plans to resume production at its Philadelphia plant, as well as, restart manufacturing of its commercial jets in Washington state next week.Following a two-week suspension, Boeing said it will restart production at its facilities in Ridley Township, Philadelphia on April 20. At the Philadelphia site, Boeing produces military rotorcraft, including the H-47 Chinook, V-22 Osprey and MH-139A Grey Wolf. Defense and commercial services work and engineering design activities are also performed at the site.In a separate statement, the aerospace company informed investors that it will …read more […]

AMC Entertainment Holdings Inc. (AMC) plans to raise $500 million in debt to build up sufficient liquidity to withstand a global suspension of operations until a potential reopening of its movie theaters ahead of Thanksgiving on Nov. 26, if necessary.The debt offering is expected to close on April 24, 2020, subject to customary closing conditions. Since mid-March, AMC Entertainment has been forced to close its movie theaters worldwide and temporarily suspend operations through the end of June as a result of the global lockdowns triggered by the coronavirus outbreak. During this period, the cash-strapped U.S. theater chain will generate …read more […]

The economic numbers are bad, but the action in the stock market suggests investors feel they are a temporary setback, given the national effort to combat-head-on the health crisis through aggressive social distancing. …read more […]

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The information technology services provider said it was taking steps to contain the incident, with the help of cyber defense companies, and has also engaged with law enforcement authorities. Ransomware is a type of malicious program used by hackers to take control of files in an infected system and then demand hefty payments to recover them. According to cybersecurity firm McAfee, hackers who deploy Maze threaten to release information on the internet if the targeted companies fail to pay. …read more […]

It’s a bearish start to the day for the majors. Failure to move through Saturday’s highs could lead to an extended sell-off… …read more […]

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