Month: May 2020

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Not even COVID-19 can put the brakes on the Facebook (FB) juggernaut. The social media giant reported earnings last Wednesday and investors liked what they saw.So did Rosenblatt’s Mark Zgutowicz. So much so, the 5-star analyst reiterated a Buy rating on Facebook shares, while increasing the price target from $223 to $244. The figure implies upside of 19% from current levels. (To watch Zgutowicz’s track record, click here)Heading into Facebook’s quarterly statement, all eyes were on two COVID-19 driven metrics: increased user engagement, and at the opposite end, reduced ad spend. Facebook delivered on both and at the same time …read more […]

(Bloomberg) — Hertz Global Holdings Inc. is preparing to file for bankruptcy as soon as Monday night if the company fails to rework its debt and can’t get lenders to extend a grace period on a missed payment.The rental-car company has been talking to some of its creditors about how to ease its burden without going through bankruptcy, but negotiations have been a struggle and the company is preparing to file for Chapter 11 court protection, according to people with knowledge of the matter.Hertz could file this evening, though Tuesday would be more likely if a deal isn’t reached. The …read more […]

Economic Impact Payments arrived for most taxpayers but millions wonder when their cash will arrive. Direct deposit and mailing of checks continues. …read more […]

Shares of Tesla Inc jumped more than 8% on Monday, putting Tesla’s market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla’s stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data. Hitting a six-month average of $100 billion triggers the vesting of the first of 12 tranches of options granted to the billionaire to buy Tesla stock as part of a pay package agreed in 2018. …read more […]

Shares of Tesla Inc jumped more than 8% on Monday, putting Tesla’s market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla’s stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data. Hitting a six-month average of $100 billion triggers the vesting of the first of 12 tranches of options granted to the billionaire to buy Tesla stock as part of a pay package agreed in 2018. …read more […]

Nokia’s (NOK) strong customer base and upcoming role in the global rollout of 5G networks should see it through COVID-19. So says Canaccord analyst Michael Walkley. The 5-star analyst backs the Finnish telecom equipment maker to deliver “longer-term higher margin growth.”Walkley reiterated a Buy rating on Nokia shares, along with a $5.50 price target. Expect upside of a handsome 55%, should the analyst’s thesis play out in the coming year. (To watch Walkley’s track record, click here)So, what’s behind Walkley’s confidence? First of all, solid Q1 results, despite COVID-19 related China supply disruption resulting in a miss on the topline. …read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]