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Trading Ideas

AMD: A Stay-at-Home Stock That Could Keep Running

April 13, 2020 admin Comments Off on AMD: A Stay-at-Home Stock That Could Keep Running

As the market starts to recover from the coronavirus panic, Advanced Micro Devices (AMD) has seen the stock hold up well. Other companies in the tech sector continue to report solid numbers due to high demand from people working from home and a surge in demand for virtual learning. The chip giant remains well positioned for a new world demanding additional data center space.As 5-star analyst Jim Kelleher puts it, “The shelter at home movement has caused an on-the-fly effort to upgrade home networks […] Historically, periods of severe stock-market turbulence have proven to be good times for careful and …read more […]

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Aurora Cannabis falls on capital raise, reverse stock split

April 13, 2020 admin Comments Off on Aurora Cannabis falls on capital raise, reverse stock split

The company said its board also approved a reverse stock split of 1:12 to boost its share price above $1, the minimum required to maintain a listing on the New York Stock Exchange. Aurora’s U.S.-listed shares were last trading below 80 cents. Edmonton, Alberta-based Aurora said on Monday it had about C$205 million ($146.8 million) cash as of March 31, including all the money it raised under the original at-the-market offering announced in May 2019. …read more […]

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Ford Hints at Raising More Cash After Burning Through Billions

April 13, 2020 admin Comments Off on Ford Hints at Raising More Cash After Burning Through Billions

(Bloomberg) — Ford Motor Co. is considering additional financing actions as a global pandemic heaps more pressure onto earnings that already were slumping before the coronavirus forced plant and showroom closures around the globe.The carmaker said Monday it’s expecting to report a loss later this month and that it had roughly $30 billion in cash on its balance sheet as of April 9. The comments suggest the company has used about $8 billion since the end of last year, Joel Levington a Bloomberg Intelligence credit analyst, wrote in a report.Chief Executive Officer Jim Hackett already has suspended the dividend prized …read more […]

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Fear of an Impending Car-Price Collapse Grips Auto Industry

April 13, 2020 admin Comments Off on Fear of an Impending Car-Price Collapse Grips Auto Industry

(Bloomberg) — The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.Used-vehicle auctions are for now virtually paralyzed, much like the rest of the economy. The grave concern market watchers have is that vehicles already are starting to pile up at places where buyers and sellers make and take bids on cars and trucks — and that this imbalance will last for months.If that fear is realized and prices plummet, it will be …read more […]