Month: June 2020

(Bloomberg) — PG&E Corp. raised $5.5 billion in a common share and equity unit offering to help finance its exit from the biggest utility bankruptcy in U.S. history, according to people familiar with the matter who asked not to be identified.The California power giant sold $4 billion of shares at $9.50 apiece, according to the people, representing a 2.4% discount to Thursday’s close of $9.73. The equity units, which raised about $1.5 billion, have a coupon of 5.50% and a conversion premium of 22.50%, said the people.PG&E declined to comment. The company launched the offering Monday intending to raise a …read more […]

Delta Air Lines (DAL) presented at their 2020 Annual Shareholders Meeting that business is getting back to normal far faster than the market originally expected. Yet, the airline appears far too negative on their path back to cash flow breakeven.The stock is trading around $28 here making any investors buying on the Warren Buffett lows of $20.75 very happy. For a stock that traded above $60 pre-virus, the current price is just a start in the ramp back to normal.Vast Cash Flow ImprovementsDelta Air Lines has seen daily cash burn improve from nearly $100 million back in early April when …read more […]

As the COVID-19 crisis continues to take its toll on the U.S. economy, economists are expecting that consumption is rebounding but income falls further. …read more […]

Nike’s (NKE) disappointing fourth-quarter results reflected the harsh COVID-19 reality facing most retail brands. However, the fundamentals of the Swoosh brand remain strong, with the company hanging its hat on numerous bright spots centered around its digital platforms. …read more […]

The automaker unveiled the all new version of America’s top selling vehicle at an online event on Thursday night, claiming the new all F-150 is targeting the most “towing, payload, torque and horsepower of any light-duty full-size pickup,” all the while providing a completely new interior and technology package, updated exterior styling, and productivity tools like an integrated power generator, and tailgate that doubles as a workbench. …read more […]

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Here are two facts that don’t seem to go together…
Fact No. 1: The number of small cap companies in the Russell 2000 stock index that are currently losing money is near a record high.
Fact No. 2: Now is a great time to buy the Russell 2000 stock index.
It seems like madness, but I believe it’s true.
The Russell 2000 is a widely followed benchmark of small cap stocks that can be owned via popular exchange-traded funds (ETFs), like the iShares Russell 2000 ETF (NYSE: IWM) or the Vanguard Russell 2000 ETF (Nasdaq: VTWO).
The Russell 2000 Index is an important barometer of …read more […]

Gold prices are surging, and War Room members have been profiting all the way up. Since last July, members have taken more than a dozen profits in plays on gold and silver.
But this position could top them all in terms of risk versus reward…
Last week, members took on a chance to make five times their money, risking less than $1 per share to do so. This isn’t some idle speculation. The company they played is one of the up-and-coming mid-tier producers that is so strong, it even raised its dividend a few weeks ago.
Yamana Gold (NYSE: AUY), a Canadian mining …read more […]

Let’s just say it’s not looking good for car rental firm Hertz (HTZ). According to Morgan Stanley analyst Adam Jonas, hopes of a turnaround are, well, pretty close to zero.The analyst’s best-case scenario for Robinhood’s favorite bankrupt stock is a $3 price target (down from $8). The base case, however, is $0 (down from $2). This begs the question: what is the bear case? Jonas argues that even if lenders are willing to help Hertz out with a financial package, there are “concerns of material equity dilution.”Jonas explained, “As equity holders are at the bottom of the pecking order of …read more […]

A group of 100 businesses is boycotting advertising with Facebook in the month of July. One of the organizers, the ADL, spoke to Yahoo Finance about why and what the group is after. …read more […]

Stock futures kicked off the overnight session slightly lower following an afternoon rally on Wall Street. …read more […]

Brian Belski, Chief Investment Strategist at BMO Capital, joins The Final Round to discuss the day’s market action and the primary factors driving recent volatility. …read more […]

Nike reported fiscal 4Q results after market close Thursday. …read more […]

The Fed will bar big banks from increasing their dividend payments, following the central bank’s annual stress tests that included a “sensitivity” analysis incorporating the impact of the COVID-19 crisis. …read more […]

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