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Trading Ideas

Goldman Sachs Projects Over 30% Upside for These 3 Stocks

July 29, 2020 admin Comments Off on Goldman Sachs Projects Over 30% Upside for These 3 Stocks

This summer has seen policies and economic forecasts move in see-saw fashion, as state economies opened up, restrictions were lifted – and then the dreaded ‘second wave’ of COVID-19 showed signs of appearing, prompting new lockdowns in California and a mask mandate in Texas. Investment bank Goldman Sachs, which had been forecasting a gangbusters growth rate of 33% in Q3, now sees the economy beginning to slow. The firm is guiding toward 25% growth in third quarter, and a July-August ‘pause’ in consumer services.Still, according to Goldman’s chief economist Jan Hatzius, “The recent declines are minor compared to the collapse …read more […]

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Dems believed they had a strong negotiation position with the federal $600: Fmr. Assistant Treasury Secretary on stimulus

July 29, 2020 admin Comments Off on Dems believed they had a strong negotiation position with the federal $600: Fmr. Assistant Treasury Secretary on stimulus

Chris Campbell, Chief Strategist at Duff & Phelps Institute and Former Assistant Secretary of the Treasury for Financial Institutions joins Yahoo Finance’s On The Move to break down the Fed’s economic outlook amid the coronavirus crisis. …read more […]

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Merkel Under Scrutiny as Lawmakers Seek Wirecard Answers

July 29, 2020 admin Comments Off on Merkel Under Scrutiny as Lawmakers Seek Wirecard Answers

(Bloomberg) — Lawmakers are looking to grill officials from Angela Merkel’s chancellery in the next stage of a parliamentary inquiry into the Wirecard AG scandal.Members of the lower house of parliament’s finance committee said ahead of a special session on Wednesday that they will need answers from Merkel’s office before deciding on a deeper investigation.“We will not get a complete clarification because the chancellery’s chair is empty today,” said Fabio De Masi, a member of the committee from the Left party. Lisa Paus from the Greens also said that Merkel’s office needed to be questioned.Mounting pressure prompted Merkel’s office to …read more […]

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Kodak Shares Add Another 500% as Drug Shift Keeps Boosting Stock

July 29, 2020 admin Comments Off on Kodak Shares Add Another 500% as Drug Shift Keeps Boosting Stock

(Bloomberg) — Shares of Eastman Kodak Co. have leapt 2,441% higher this week, sending its market valuation to nearly $2 billion, after it won a government loan to help produce ingredients used in key generic medicines to fight the coronavirus.Kodak, the storied photography giant whose business and shares were devastated by the switch to filmless cameras, gained as much as 655% on Wednesday, triggering at least six halts for volatility along the way. More than 110 million shares traded hands, more than 23 times its typical volume. The company’s value climbed to $1.99 billion as of 10:25 a.m. in New …read more […]

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Qualtrics IPO: SAP Announces Company Will Go Public

July 29, 2020 admin Comments Off on Qualtrics IPO: SAP Announces Company Will Go Public

A Qualtrics IPO is coming to the market. Less than two years after being acquired by SAP (NYSE: SAP), the company is spinning out to go public. And it isn’t the first time Qualtrics stock was heading for the market.
But is Qualtrics a good investment opportunity? Here’s what we know…
Qualtrics IPO: The Business

CEO Ryan Smith founded Qualtrics in 2002 with his father, brother and college roommate. Qualtrics is a software company and created Experience Management (XM). The software allows organization to address problems and opportunities in the experience economy.
According to The Localist:
“The experience economy is defined as ‘an economy in …read more […]