February 2020 – Page 200

Analysts: These 3 Video Game Stocks Represent Exciting Plays

February 5, 2020 admin Comments Off

Video gaming is an enormous business. According to VentureBeat, profits from the industry are expected to reach $180.1 billion in 2021. Not only are the companies behind the popular titles capable of seeing huge profits, but the players, too. While the idea might have seemed far fetched a few years ago, at the top end of professional esports, there are players taking home significant paychecks, both from competitions and from streaming-derived revenue on popular platforms such as Amazon’s Twitch. In addition, advances in technology provide VR and mobile gaming room for significant growth in the new decade.So, with our gaming …read more […]

U.S. trade deficit shrinks in 2019 for first time in six years

February 5, 2020 admin Comments Off

The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.

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Futures surge on private jobs data, talks of coronavirus treatment

February 5, 2020 admin Comments Off

U.S. stock index futures climbed on Wednesday on strong monthly domestic private jobs data and reports of a treatment to fight the fast-spreading coronavirus.

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Is There An Opportunity With Lumber Liquidators Holdings, Inc.'s (NYSE:LL) 42% Undervaluation?

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Does the February share price for Lumber Liquidators Holdings, Inc. (NYSE:LL) reflect what it’s really worth? Today… …read more […]

European nail care demand drives Coty’s profit beat; shares jump 10%

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Coty Inc beat Wall Street estimates for quarterly profit and revenue on Wednesday as it sold more nail care products to salons and beauty professionals in Europe, sending its shares up 10% in premarket trading.

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GM forecasts flat 2020 profit after a rough 2019

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General Motors Co on Wednesday forecast flat profits for 2020 and reported a better than expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc .

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Qatar Airways swoops for RwandAir stake and eyes bigger LATAM holding

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Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.

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U.S. trade deficit falls in 2019 for the first time in six years

February 5, 2020 admin Comments Off

The U.S. trade deficit dropped for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, helping the economy to continue growing moderately in the fourth quarter despite a slowdown in consumer spending.

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Ford shares fall 8% after disappointing 2020 profit outlook

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Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized the company’s management for holding back details on the earnings shortfall.

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Ford shares fall 8% after disappointing 2020 profit outlook

February 5, 2020 admin Comments Off

The disappointing outlook underscores the higher costs that Ford has been spending on developing self-driving and electric cars to keep pace with pioneers like Tesla Inc . The No. 2 U.S. automaker by sales volume is far behind Tesla in the development of electric car technology. A recent rally in Tesla’s shares have taken its market capitalization to $160 billion, nearly four times that of Ford’s valuation, despite having sales volumes that are less than 10% of Ford. …read more […]

Adidas closes ‘considerable’ number of stores in China due to coronavirus

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German sportswear company Adidas on Wednesday said it was temporarily shutting a “considerable” number of its stores in China due to the coronavirus outbreak which has killed nearly 500 people and infected thousands.

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Netflix Gains After Disney Results Show It Hasn’t Been Replaced

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(Bloomberg) — Walt Disney Co. reported strong subscriber numbers for its Disney+ streaming service, but it’ not the competitive risk that it may appear for Netflix Inc., analysts said on Wednesday.While there were both bullish and bearish takeaways for Netflix in Disney’s report, the “positive outweighs the negative,” wrote BofA analyst Nat Schindler, who reiterated his buy rating and $426 price target on the stock. Even with this high-profile competition, “Netflix remains the OTT staple,” the firm wrote, referring to over-the-top streaming services.Shares of Netflix rose 1% in pre-market trading, while Disney was up 0.3%. Since Disney+ debuted in November, …read more […]

Stimulus hope, virus containment steps fuel renewed equity surge

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Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers’ concerns for the disease’s economic impact.

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British Airways owner IAG sees coronavirus having only marginal impact on global travel

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The coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any economic slowdown in China, the chief executive of British Airways parent IAG said on Wednesday.

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Exclusive: HSBC to axe senior managers in strategy shift – sources

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HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters.

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