At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, a week after the market trough. Now, we are […] …read more […]
The manufacturing icon has predicted a cash outflow of between $3.5 billion and $4.5 billion for the second quarter, following a $2.2 billion outflow in the first quarter, as the crisis halts orders and deliveries for clients across the aviation business. Chief Executive Officer Larry Culp said in May the company would do better in the second half of 2020 while admitting that for the full year it would be in negative territory on cashflow. “COVID-19 overnight stalled GE’s turnaround,” said Nicholas Heymann, industrial analyst at brokers William Blair. …read more […]
Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs, as he faces an uphill re-election battle and criticism over his handling of the coronavirus pandemic. “These new executive orders could force us to rethink those plans, consider job reductions and add to the economic and health anxiety already widely felt in our country,” Bourla said on the company’s earnings conference call. …read more […]
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, a week after the market trough. Now, we are […] …read more […]
We can readily understand why investors are attracted to unprofitable companies. For example, Intra-Cellular Therapies… …read more […]
Are you finding it hard to become financially independent? If so, don’t get down on yourself. You are not alone in the slightest bit. Many Americans struggle to balance their books properly, no matter how much money they make.
To be clear, financial independence should not be your end goal. It’s actually a path to financial freedom and building wealth. You can master each phase by being vigilant with your finances.
Financially Independent Definition
Everyone wants to be able to make decisions based on happiness, and not how much money they have. But, this isn’t possible until you build enough wealth and have …read more […]
Marlboro-maker Altria said Tuesday that cigarette sales continued to decline in its last quarter as the company pushed to expand sales of an alternative heated-tobacco product. Revenue was pressured by lower sales of cigarette brands including Marlboro, Parliament and Virginia Slims. For 2020, Altria Group Inc. expects full-year earnings between $4.21 to $4.38 per share, representing growth ranging between 0% and 4%. …read more […]
Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Opportunity Equity Fund posted a return of 47.02% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned 20.54% in the same quarter. You should check out Miller Value Partners’ top […] …read more […]
(Bloomberg) — Invesco Ltd. is having a tough year, even by 2020 standards.The Covid-19 pandemic delivered a blow to the $1.1 trillion asset manager, among the top publicly traded fund firms. A record rally in stocks off their March lows didn’t help much: investors continued to yank money from Invesco’s funds in the second quarter, bringing total first-half net outflows to about $31.6 billion, according to a statement Tuesday.The health crisis compounded broader industry forces weighing on Invesco, including pressure on fees and withdrawals from actively managed funds. While the firm made a series of bets to keep pace in …read more […]
(Bloomberg) — Wall Street analysts and specialists are weighing the possibility that Pfizer Inc. and BioNTech SE may file their Covid-19 vaccine candidate with regulators by October after the pair said a late-stage Covid-19 vaccine study kicked off on Monday evening.Pfizer rose Tuesday on the announcement with its German partner, just hours after similar news from Moderna Inc. With AstraZeneca Plc already in Phase 3, it’s a “three-horse race,” Jared Holz said from the Jefferies health-care trading desk. “The government involvement makes us think we could hear anecdotal reports of trial progress even before the interim data is available later …read more […]
The Federal Reserve is set to kick off its latest policy meeting today. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss what to expect with Wells Fargo Rate Strategist, Zachary Griffiths. …read more […]
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Anjalee Khemlani discuss the latest coronavirus and vaccine news. …read more […]
United Airlines Holdings Inc. (UAL) has communicated to two regional airlines, ExpressJet (XJT) and CommutAir, that it will continue to work with only one of them.In a report from Reuters on July 28, a pilot union letter revealed United’s intentions, which would potentially result in a significant revenue loss for the unchosen carrier. ExpressJet and CommutAir work exclusively for United Airlines.Before the pandemic, United Airlines expanded its domestic network by making agreements with regional airlines, which offered cheaper terms. However, with reduced travel due to COVID-19, United has been forced to scale its plans and reduce its workforce. This follows …read more […]
The Lucid Air, which will compete with the Tesla Model S, will come standard with such features as adaptive cruise control, lane centering, automatic emergency brakes and automated parking. It will also be one of the first production vehicles to be equipped with standard lidar, a laser-based sensor that detects obstacles and objects, including pedestrians, as part of the vehicle’s collision avoidance system. Tesla chief Elon Musk has said Teslas do not need lidar because their other sensors – mainly camera and radar – provide sufficient object detection when the vehicle is in semi-automated Autopilot mode. …read more […]
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