Trading Ideas

No Picture
Trading Ideas

After Gilead Reveals Remdesivir Pricing, Analyst Sees Significant Revenue Upside

July 2, 2020 admin Comments Off on After Gilead Reveals Remdesivir Pricing, Analyst Sees Significant Revenue Upside

The coronavirus marches on, but healthcare names all over the world are fighting back. Earlier this week, Gilead Sciences (GILD), the manufacturer of COVID-19 antiviral drug remdesivir, revealed the pricing plan for the treatment. A five-day course of remdesivir will be sold to governments of developed nations, including the US, for a price of $2,340 ($390 per vial). US private health insurers will need to fork up $3,120 for the course ($520 per vial). Other countries, though, will find it difficult to get hold of the treatment over the next three months. The Trump administration has purchased over 500,000 doses, …read more […]

No Picture
Trading Ideas

U.S. Treasury agrees on loan terms with American, four other airlines

July 2, 2020 admin Comments Off on U.S. Treasury agrees on loan terms with American, four other airlines

The U.S. Treasury said on Thursday it has agreed on terms for government loans with five U.S. carriers, including American Airlines Group Inc. The Treasury said it had signed letters of intent with American, Frontier Airlines, Hawaiian Airlines, SkyWest Airlines, and Spirit Airlines under a $25 billion emergency loan program created by Congress in March. American said on Thursday it expects to close on a $4.75 billion Treasury loan in the third quarter on top of $5.8 billion in payroll assistance it was previously awarded. …read more […]

No Picture
Trading Ideas

3 “Strong Buy” Dividend Stocks Yielding Over 8%

July 2, 2020 admin Comments Off on 3 “Strong Buy” Dividend Stocks Yielding Over 8%

With markets volatile – bouncing around the 3,000 to 3,200 range for the last two weeks – and fears rising that a second wave of coronavirus cases will force a new round of economic shutdowns, investors are giving a second look to some strong defensive stocks. We’re talking about stocks with classic defensive profiles: high yielding dividends, combined with a high upside potential. Using TipRanks database, we’ve pinpointed three such stocks. Some are familiar names, some less so. All three offer investors a fine combination of defensive traits: dividends yielding over 8%, an upside potential starting at 25%, and ‘Strong …read more […]

No Picture
Trading Ideas

Exxon signals second quarterly loss in a row on production, refining hit

July 2, 2020 admin Comments Off on Exxon signals second quarterly loss in a row on production, refining hit

Rivals Royal Dutch Shell and BP Plc have disclosed massive spending cuts and writedowns due to the price drop. The company’s oil and gas operations will swing to a loss compared with the first quarter because of lower prices that reduce operating profit between $2.5 billion and $3.1 billion, the company said in a filing designed to give investors a snapshot of its operations. Its refining unit will suffer losses estimated to be between $800 million and $1.l billion, larger than its first quarter loss, it said. …read more […]

No Picture
Trading Ideas

American Airlines warns of 25% drop in international capacity in 2021 summer

July 2, 2020 admin Comments Off on American Airlines warns of 25% drop in international capacity in 2021 summer

The company will also discontinue several international routes that were once popular leisure destinations but are now expected to see decreased demand. “In an effort to match low demand resulting from the coronavirus outbreak, the airline will realign its network with the goal of improving long-term profitability,” the company said in a statement. …read more […]