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Macy's says return to normal business at least a year away

The retail sector has been among the hardest hit by the economic effects of the health crisis, with J Crew, J.C. Penney and Neiman Marcus Group filing for bankruptcy in May. Macy’s reported nearly $1 billion in operating losses in its first quarter. “We do not see a return to normalized trends until well into 2021 and possibly not until 2022,” interim Chief Financial Officer Felicia Williams said in an interview with Cowen analyst Oliver Chen. As part of the Macy’s efforts to turn into a “smaller company” and cut costs, Williams said it was evaluating all its …read more […]

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3 Winning Retirement Strategies for Senior Investors

If you are looking to make the most of your retirement, there are a number of retirement strategies you can use. In this article, we will look at some of the best retirement strategies to make sure you have more than enough money to last. But first, let’s check in and see if you are even ready for retirement.

Are You Truly Ready to Retire?
You may think that as you approach age 65 – or if you already are 65 – that it is time to think about retiring. But are you sure you are really ready? The first step in …read more […]

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Should You Be Tempted To ‘Sell’ Under Armour (UA) Stock

Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 […] …read more […]

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Boeing jet deliveries sink to just four in May

The U.S. planemaker said it handed over just four planes in May, down from six it delivered in April, its lowest total for the month in six decades and about 87% fewer than it delivered to customers at the same time a year ago. Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the plane. Customers also canceled orders for another 18 planes last month, including 14 MAX jets that were the company’s top-selling plane until a pair of crashes just over a year ago. …read more […]

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3 “Strong Buy” Dividend Stocks Yielding at Least 8%

The rally we’ve experienced in the stock markets has become something of a sensation. The rebound has been substantial, with the S&P 500 rising almost 34% from its March 23 trough.Even in the current buying mood, however, there are plenty of investors who want a cautious strategy. They believe that the future is uncertain, that given the combination of coronavirus, social unrest, and a Presidential election year, there is no way to truly predict market behavior. They are not necessarily wrong, but even the most cautious investors can develop a bullish strategy.With plenty of evidence for both the bulls and …read more […]

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FactSet Research Systems (FDS) Stock is a ‘Sell’ as Markets Bounce Back

Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 […] …read more […]

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My Favorite Stock Right Now – With a 6.4% Yield!

Chief Income Strategist Marc Lichtenfeld reveals the best stock to buy in 2020. He explains how this pick can lead investors to solid gains. But he also shows why you shouldn’t always listen to Wall Street.
I am often asked what my favorite stock is…
It’s a tough question to answer because there are a lot of variables to consider, including how much risk an investor can handle. But when I look at the market, one stock has emerged as the best stock to buy in 2020, and it will probably surprise you.
Wall Street absolutely hates the stock. Of the 27 analysts …read more […]

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Apple Plans to Announce Move to Its Own Mac Chips at WWDC

(Bloomberg) — Apple Inc. is preparing to announce a shift to its own main processors in Mac computers, replacing chips from Intel Corp., as early as this month at its annual developer conference, according to people familiar with the plans.The company is holding WWDC the week of June 22. Unveiling the initiative, codenamed Kalamata, at the event would give outside developers time to adjust before new Macs roll out in 2021, the people said. Since the hardware transition is still months away, the timing of the announcement could change, they added, while asking not to be identified discussing private plans.The …read more […]