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Penny Stocks on Robinhood to Watch in 2020

Due to its growing popularity, many novice investors are beginning to buy penny stocks on Robinhood. The California-based company provides a quick and easy platform that is perfect for day traders.
The mobile application itself has caught the attention of millennials. In fact, 40% of Robinhood’s 12 million users are between the ages of 19 and 34.

Popular Penny Stocks on Robinhood
Penny stocks are a staple for many investors on Robinhood and for good reason. However, many young investors aren’t familiar with these types of stock.
What is a penny stock? It’s a small company’s stock that typically trades for less than $5 …read more […]

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Authorities probe fatal blast at Chesapeake Energy drill site

Authorities on Thursday were investigating a fire at a Chesapeake Energy Corp oil well in Texas that killed one worker and injured three others. Emergency teams were working to contain a blowout that triggered Wednesday’s blaze at a remote site near Deanville, Texas, about 75 miles (121 km) east of Austin, a representative for the Burleson County Sheriff’s Office said. The U.S. Occupational Safety and Health Administration, which investigates worksite fatalities, said on Thursday it had opened an investigation. …read more […]

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Shell's oil and gas reserve life drops for sixth year in a row

The number of years of production left in Royal Dutch Shell’s oil and gas reserves fell for the sixth year in a row in 2019 to below eight. There is a growing perception the world holds enough oil and gas to meet demand many times over, especially against the backdrop of a gradual shift away from fossil fuels because of concerns about climate change. Shell was rocked in 2003 when it revealed it had inflated its oil and gas reserves for years, leading to the sacking of its chairman and chief financial officer. …read more […]

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Facebook shares hit by slowest growth in years, higher expenses

The dire forecast prompted six Wall Street analysts to cut their price targets with Pivotal Research reducing its own target by $30 to $215. Pivotal analyst Michael Levine, who downgraded the stock to “hold”, said he expected cautious commentary around the first quarter of 2020 and a better result for the fourth quarter. Chief Financial Officer David Wehner said that the pace of expansion will slow further in the first quarter of 2020. …read more […]

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Altria Seeks Distance From Juul After $4.1 Billion Writedown

(Bloomberg) — Altria Group Inc. made dramatic efforts to distance itself from the legal troubles of Juul, as it wrote down the value of its stake in the vaping company to about a third of what it initially paid.Altria also said in a statement it has changed the terms of its minority investment in the company, including stopping all services other than regulatory affairs and said that it has an option to be released from its non-compete obligation in some circumstances. Altria valued its Juul stake at $4.2 billion at the end of 2019, after paying $12.8 billion in Dec. …read more […]

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Coke, Fuze tea demand drive Coca-Cola's quarterly revenue beat

Earlier this month, Coke added dairy company Fairlife to its range of brands, giving Coca-Cola access to fastest-growing categories in the United States ranging from lactose-free to ultra-filtered milk. The company said fourth-quarter revenue growth was led by its trademark Coca-Cola, that included products such as its caffeinated beverage Plus Coffee and Zero Sugar soda. …read more […]

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Trade Helps U.S. Economy Grow 2.1% While Consumption Moderates

(Bloomberg) — U.S. consumer spending moderated and business investment continued to deteriorate at the end of 2019, while a smaller trade deficit and more home construction helped keep economic growth steady.Gross domestic product expanded at a 2.1% annualized rate for a second straight quarter, according to Commerce Department data Thursday. The median forecast in a Bloomberg survey of economists called for 2% growth. Consumer spending decelerated to a 1.8% pace, below projections and the weakest since the first quarter. Business investment declined for a third straight period, the longest stretch since the last recession.Click here for Bloomberg’s TOPLive blog on …read more […]