The job cuts, which are on top of Chevron’s plan to cut 10%-15% of its workforce, come after the company promised to lower its operating expenses by $1 billion this year in the face of sharply lower energy demand. Most of the cuts will take place this year, Chevron said. Noble had about 2,300 employees at the end of last year. …read more […]
White Brook Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 2.23% for the quarter (net of fees), underperforming their benchmark, the S&P 400 Index which returned 4.77% in the same quarter. You should check out White Brook Capital’s top 5 stock […] …read more […]
Navin Jacob – UBS Pharmaceuticals Analyst joins Yahoo Finance’s On The Move panel to deep dive into the latest pharmaceutical earnings reports.
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(Bloomberg) — The White House on Tuesday appeared resigned to what most observers of the fiscal-stimulus negotiations had long concluded: there won’t be a pre-election package.“We’re confident that we can get something in the coming weeks,” White House spokeswoman Alyssa Farah said Tuesday. When pressed on Fox News about whether that means not this week, she said, “We’re hoping within weeks, I don’t want to get too ahead of any announcements.”The departure of U.S. senators from the Capitol for a pre-election break on Monday had already made the logistics for passing a bill by Election Day practically impossible.The failure of …read more […]
The negotiations were based on a price in the range of $131-$134 for each Tiffany share, against the previous price of $135. Tiffany last month sued the Louis Vuitton owner in a Delaware court, alleging that the French company had been stalling the deal and that it had improperly tried to renegotiate the deal. LVMH had countersued, alleging that the U.S. company has been mismanaged during the COVID-19 pandemic. …read more […]
Mike Bailey, Director of Research at FBB Capital Partners, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what’s moving the markets following Tuesday’s opening bell. …read more […]
It’s down to the wire. The U.S. Presidential elections are only a week away, and with the polls showing Biden has an edge over President Trump, investors are preparing.Oppenheimer’s Chief Investment Strategist John Stoltzfus points out that last week, stocks churned as investors rebalanced their portfolios, rotating and adding additional exposure to value stocks “while others took profits in growth names that had previously run-up substantially ahead of what could be higher capital gains and other taxes next year,” in the event that the Democrats come out on top.Highlighting that the expectation of an effective COVID-19 vaccine is behind the …read more […]
Ed Clissold, Chief U.S. Strategist for Ned Davis Research, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what’s moving the markets around Tuesday’s opening bell. …read more […]
Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest quarterly earnings reports from 3M, Caterpillar and JetBlue. …read more […]
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre discuss AMD buying rival chipmaker Xilinx in an all-stock deal. …read more […]
For a day that marked Tesla’s (TSLA) fifth straight quarter of reporting positive profits, last week’s 0.7% increase in the share price of Tesla stock seemed somewhat underwhelming.Reporting earnings Wednesday night, Tesla closed trading Thursday up only modestly, and really, only barely outperforming the S&P 500’s overall 0.5% move. Tesla called Q3 its “best quarter in history,” with pro forma earnings coming in 36% ahead of expectations at $0.76 per share, sales of $8.8 billion about 6% better than predicted, and free cash flowing strongly — $1.9 billion over the past 12 months.Tesla told investors Wednesday that it remains on …read more […]
(Bloomberg) — Harley-Davidson Inc. shares jumped as much as 13% in premarket trading on better-than-expected profit as Chief Executive Officer Jochen Zeitz’s moves to cut costs and boost margins on a smaller revenue base paid off in the third quarter.The Milwaukee, Wisconsin-based manufacturer reported adjusted earnings per share of $1.05, beating analysts’ consensus 29 cents. In line with Zeitz’s strategy of shrinking supply and shoring up pricing, the company said dealer inventory fell more than 30% compared with a year ago, and it was able to charge asking price for 2020 model year motorcycles in the quarter.Harley shares rose as …read more […]
When we invest, we’re generally looking for stocks that outperform the market average. Buying under-rated businesses… …read more […]
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