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Fannie-Freddie Bulls Get Warning in High Court’s CFPB Ruling

(Bloomberg) — Fannie Mae and Freddie Mac investors just got another reason to hope that President Donald Trump turns around his sagging poll numbers and ultimately prevails in November.That’s because a Monday U.S. Supreme Court ruling signals that it’s going to be much easier for presidents to oust heads of some federal agencies. Fannie and Freddie’s regulator, the Federal Housing Finance Agency, is now run by Mark Calabria, a libertarian economist who’s committed to something shareholders desperately want: the mortgage giants’ release from government control. Calabria won’t likely get the chance to finish that job if Joe Biden wins the …read more […]

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Were Hedge Funds Right About Piling Into Advanced Micro Devices, Inc. (AMD)?

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […] …read more […]

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Boeing 737 Max Takes Off for Crucial FAA Test of Comeback Effort

(Bloomberg) — A Boeing Co. 737 Max lifted off from a Seattle airfield with a U.S. Federal Aviation Administration pilot on board, the first of several flights to test whether the revamped jetliner is safe following two deadly crashes.The Max 7 took off from Boeing Field at about 9:55 a.m. local time Monday and is scheduled to return about three hours later, according to its flight plan. Using call sign BOE701, the plane is flying maneuvers over central Washington state.The so-called certification flight is a milestone toward ending a grounding imposed worldwide in March 2019 after the accidents killed 346 …read more […]

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Boeing 737 MAX begins key certification test flights

A Boeing Co 737 MAX took off on Monday at 12:55 p.m. EDT (0955 PDT/1655 GMT) from a Seattle-area airport on the first day of certification flight testing with U.S. Federal Aviation Administration and company test pilots, a crucial moment in the planemaker’s worst-ever crisis. Boeing Flight 701 departed King County International Airport, which is also known as Boeing Field, the FAA confirmed, saying it will conduct three days of tests. The plane is scheduled to land two hours later at Moses Lake airport, according to flight tracking website FlightAware. …read more […]

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Novavax Stock Is on Its Way to Break Through the $100 Mark, Says 5-Star Analyst

There is simply no other way to describe the rise of Novavax (NVAX) as anything other than phenomenal. Shares of the vaccine specialist are up by 1,844% year-to-date and we are not even at the halfway point. As the last week has made clear, COVID-19 is not about to disappear anytime soon. With Novavax firmly in the mix among those hoping to bring a solution to market, can the biotech replicate 1H20’s performance in the latter half of the year?That’s a big ask, although B Riley FBR analyst Mayank Mamtani expects Novavax to keep up the momentum.Pointing out several catalysts …read more […]

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If You Own Facebook (FB) Stock, Should You Sell It Now?

If you are looking for the best ideas for your portfolio you may want to consider some of Wedgewood Partners top stock picks. Wedgewood Partners, an investment management firm, is bullish on Facebook Inc (NASDAQ:FB) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]

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‘630K people are traveling on peak days, we’re ahead of where I thought we’d be’: Airlines analyst

On Monday, major U.S. airlines including American, Delta, JetBlue, Southwest and United, agreed to new health protocols that all passengers must follow. Helane Becker, Senior Research Analyst at Cowen Securities, joins Yahoo Finance’s The First Trade to discuss the future outlook for airlines after they took a major hit from COVID-19. …read more […]