No Picture
Trading Ideas

Coronavirus spreads across the U.S., 2nd death in Washington

David S. Perlin, the chief scientific officer and senior vice president of the CDI at Hackensack Meridian Health Center joins On The Move to discuss their latest test to diagnose the virus and what the hosptial is doing to contain the virus as cases start to become more prevalent in the United States. …read more […]

No Picture
Trading Ideas

Apple to pay up to $500 million to settle U.S. lawsuit over slow iPhones

The preliminary proposed class-action settlement was disclosed on Friday night and requires approval by U.S. District Judge Edward Davila in San Jose, California. It calls for Apple to pay consumers $25 per iPhone, which may be adjusted up or down depending on how many iPhones are eligible, with a minimum total payout of $310 million. Apple denied wrongdoing and settled the nationwide case to avoid the burdens and costs of litigation, court papers show. …read more […]

No Picture
Trading Ideas

GE’s Top Wall Street Critic Upgrades, Says ‘We Were Wrong’

(Bloomberg) — General Electric Co. is gaining some favor over its top skeptic in Wall Street, who cited a better-than-expected performance last year.JPMorgan’s Stephen Tusa upgraded the shares to neutral from a sell-equivalent rating, citing 2019’s free cash flow that topped his predictions as well as an improved outlook for 2020. The analyst has held an underweight stance on the stock since April.“We were wrong,” Tusa said, noting that GE shares have outperformed the sector by 11% since that call.GE is big enough that it has many options to boost near-term cash in a given period even as there are …read more […]

No Picture
Trading Ideas

JPMorgan, Other Hard-Hit Banks Start to Get Fresh Upgrades

(Bloomberg) — Some analysts are starting to see value in the beaten-down banking sector, with JPMorgan Chase & Co., Regions Financial Corp. and Fifth Third Bancorp attracting upgrades early Monday. But that wasn’t enough to stop the bleeding in share prices, as the KBW Bank Index extended recent losses in morning trading.The index dropped for a seventh day, declining as much as 1.3%, while JPMorgan shed as much as 1%.The index has sunk 20% so far this year, compared with an 8.1% decline in the S&P 500, as big banks have been hit particularly hard by concern the new coronavirus …read more […]

No Picture
Trading Ideas

Billionaire Steve Cohen Snaps Up These 3 High-Yield Dividend Stocks

Markets have been nosediving in recent sessions, as the coronavirus scare spreads. While public health professionals are trying to cope with the spread, and to educate the public, the economic effects are real. Quarantines and travel restrictions have impacted airlines, shipping companies, and factories. Demand for oil is down, pushing down prices and hurting energy stocks. Tech companies, especially those with supply chains based in China, are feeling the pain as well.But in the markets, what goes down will (usually) come back up. Low prices may hurt right now, but they are also an opportunity – to buy in. A …read more […]

No Picture
Trading Ideas

Where Is Jack Dorsey? Not in the Room as His Twitter Future Debated

(Bloomberg) — Twitter Inc. shares rose in early trading Monday after Bloomberg reported that activist investors have built a sizable stake in the social media company and are pushing for changes, including possibly replacing co-founder and Chief Executive Officer Jack Dorsey.The company’s shares climbed about 7% premarket in New York. They closed at $33.20 apiece Friday, giving the San Francisco-based company a market value of about $26 billion.When Twitter executives met their activist investor agitators from Elliott Management Corp. for the first time last week, the man with the most to lose was absent. Dorsey didn’t attend the Friday night …read more […]