Month: June 2020

(Bloomberg) — The Pentagon unveiled a list of companies it says are owned or controlled by China’s military, opening them to increased scrutiny in the latest spat between the world’s biggest economies.The 20 companies included Huawei Technologies Co. and Hangzhou Hikvision Digital Technology Co., as well as a number of state-run enterprises. In letters to lawmakers dated June 24, the Pentagon said it was providing a list of “Communist Chinese military companies operating in the United States,” which was first requested in the fiscal 1999 defense policy law.This list includes “entities owned by, controlled by, or affiliated with China’s government, …read more […]

(Bloomberg) — Asian stocks dropped and U.S. equity futures retreated as worries about a surge in virus cases in multiple U.S. states and some other countries saps appetite for riskier assets. The dollar extended gains.Japanese, Australian and Korean shares were all down more than 1%. China and Hong Kong are closed for holidays. Futures on the S&P 500 dipped, while Treasuries edged up. The risk-off moves followed daily records for new cases in Florida and California, with Texas also suffering. New York, New Jersey and Connecticut are requiring visitors from virus hot spots to self-quarantine. Australia recorded its largest spike …read more […]

(Bloomberg) — Singapore’s biggest telecom operators chose Ericsson AB and Nokia Oyj as their main 5G network providers, leaving China’s Huawei Technologies Co. with less significant contracts in the city state.Singapore Telecommunications Ltd. chose Ericsson while a group that includes StarHub Ltd. opted for Nokia after the city-state gave final approval for the rollout of nationwide 5G coverage in the country Wednesday. Huawei, which has been a point of contention in the tensions between the U.S. and China, still has a foothold in the market as a provider for TPG Telecom Pte’s smaller, local network system.The final awards were issued …read more […]

Advanced Micro Devices’ (AMD) relentless march forward has resulted in outsized market gains for five consecutive years. No matter the macro climate and attendant headwinds, the stock just keeps performing. 2020 has been no different, although by AMD standards, relatively muted compared to recent years. Still, shares have appreciated by 19% year-to-date.But the upward movement must come to an end at some point, right? Maybe, but not anytime soon, according to RBC analyst Mitch Steves. In a recent report to clients, the 5-star analyst dissects why AMD’s gaming console segment is set to act as a catalyst over the next …read more […]

After a run of gains since June 12, markets are taking a turn down today. The slip, over 2.5% on both the S&P 500 and the Dow Jones, comes after Florida confirmed more than 5,500 new coronavirus cases. The sudden spike raised new fears that the still-fragile economic reopening may be derailed. The mood wasn’t helped by orders from the states of New York, New Jersey, and Connecticut – which had all been hard-hit by the virus – that all visitors from known hot spots must self-quarantine for 14 days.In times like this, it’s a comfort for investors to follow …read more […]

Tesla owners reported more problems than other car brands, but the results are unofficial because the company did not cooperate with J.D. Power. …read more […]

Tesla might have posted some serious gains this year – shares are up by 139% – but it has nothing on fellow EV maker Nikola (NKLA).Shares of the electric heavy-truck maker have been on a turbo charged run up, gaining 624% since the turn of the year.But is the hype justified? After all, for a company not generating any revenue – and one that despite this basic prerequisite is currently valued higher than Ford – the price tag seems, well, too high.At least that is the view of J.P. Morgan analyst Paul Coster. Coster initiated coverage of Nikola with a …read more […]

I’m sure you’ve heard the news…
Major online brokers such as Charles Schwab, TD Ameritrade, E-Trade and Robinhood have experienced eye-popping growth in new account holders.
Across the board, these brokers are reporting as much as 170% growth in the first quarter of 2020.
Specifically…

Charles Schwab saw more than 280,000 new accounts opened in March.
E-Trade saw more than 363,000 new accounts in the quarter.
And Robinhood, who focuses on millennials, saw an eye-popping 3 million new accounts in the first quarter.

These are stunning numbers.
Charles Schwab CEO Walt Bettinger said it’s seeing “monumental volumes” of trading.
Its past quarter included 27 of the 30 highest-volume days …read more […]

Dr. Christopher Labos joined Yahoo Finance’s The Final Round to discuss the latest spike in COVID-19 cases in the U.S. and how cities can better help to stop the spread of the virus. …read more […]

Yahoo Finance’s Rick Newman joins The Final Round to break down J.D. Power’s 2020 initial quality study. …read more […]

If one leading analyst’s forecast plays out, any investors feeling slightly deflated by Micron’s (MU) underperformance so far in 2020 need not worry.Ahead of next week’s fiscal 3Q20 earnings report, Rosenblatt analyst Hans Mosesmann is confident in the chipmaker’s ability to execute. What’s more, he expects the next quarterly results to be even better.The 5-star analyst has a Buy recommendation on Micron shares, to go hand in hand with a lofty $100 price target. This conveys Mosesmann’s belief that Micron will soar by 107% over the next 12 months. (To watch Mosesmann’s track record, click here)“We continue to like shares …read more […]

Stock futures opened modestly higher Wednesday evening. The after-hours moves came on the heels of a steep selloff in markets during the regular session, with the Dow dropping 2.72%, or 710 points, for its worst day since its near-7% slide two weeks ago. …read more […]

Below, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Dow Chemical’s dividend safety.
The dividend safety rating of Dow Chemical (NYSE: DOW) may be a victim of its time. Let me explain… Dow Chemical was spun off from DowDuPont last year when the company split into three parts.
As a result, Dow Chemical as a stand-alone company has a very short dividend-paying track record. That’s strike No. 1, as SafetyNet Pro is a “show me” model.

What Is SafetyNet Pro?

SafetyNet Pro is a groundbreaking tool that predicts dividend cuts with stunning accuracy. With it, you can determine the dividend safety rating …read more […]

With their businesses cratering, most U.S. airlines are staking out their short-term future on one customer segment that has proven resilient in nearly every downturn — travelers visiting friends and relatives. But as Covid-19 cases rise in the United States and some states enact new restrictions on movement, that strategy will be tested. The latest […] …read more […]