Month: July 2020

Tesla released its Q2 2020 earnings report last night, and analysts responded with a flood of price target increases for Tesla stock (NASDAQ:TSLA). We’re finally starting to see a significant number of analysts with price targets in excess of $1,000, although the company’s valuation still gives most analysts pause. The automaker reported $6 billion in revenue […] …read more […]

Charlie Munger is famous for stressing the role of moats in successful investing. He argues that only strong moats allow a business to earn returns in excess of the cost of capital for substantial periods of time. The big problem is maintaining a moat. Potential competitors, eyeing those excess returns, will want to enter. What is […] …read more […]

The clash between federal agents and protestors in Portland is raising important questions about the role of the government in local policing. …read more […]

SunTrust Robinson Humphrey analysts initiated coverage of the three major U.S.-based oil giants but suggested only two should be bought by investors.The Analyst: Welles Fitzpatrick initiated coverage of the following three stocks: * Chevron Corporation (NYSE: CVX) at Buy with a $120 price target. * ConocoPhillips (NYSE: COP) at Buy with a $51 price target. * Exxon Mobil Corporation (NYSE: XOM) at Hold with a $41 price target.Dividend Policy: The three majors are known for offering low risk and stable dividend and the recent oil downturn forced the companies to defend payouts, even at the expense of …read more […]

Even if it’s not a huge purchase, we think it was good to see that Jonathan Awde, the Co-Founder of Gold Standard… …read more […]

What is a SPAC IPO? As some of the most anticipated IPOs choose to go public via SPAC, it’s a question people are asking more and more. So, let’s look at what a SPAC is and why companies choose to go this route.
What is a SPAC IPO?

SPAC stands for special purpose acquisition company. These are also known as blank-check companies. They’re companies with no business operations. Instead, they raise funds in initial public offerings (IPO). The SPACs then use that money to acquire a private company.
Although the SPAC is already public, the process of the merger is still considered a …read more […]

(Bloomberg) — It’s easy to forget now but there was a time early on in the pandemic when the price of gold was in freefall.It was a curious thing, what with the virus sparking a collapse in the global economy, and it would prove in time to be one of the great head-fakes in the recent history of financial markets. For the pandemic of 2020 would soon show itself to be the driving force behind one of the most ferocious rallies the gold market has ever seen. At the close of trading in New York on Friday, bullion had spiraled …read more […]

As you might know, CSX Corporation (NASDAQ:CSX) recently reported its quarterly numbers. It was a credible result… …read more […]

HSBC on Saturday denied Chinese media reports that it had “framed” Huawei Technologies and played a role in the arrest of the chief financial officer (CFO) of the world’s biggest telecoms equipment maker. In a statement posted on the bank’s Chinese WeChat messaging service account, the London-headquartered lender said it did not participate in the decision of the U.S. Department of Justice to investigate Huawei. The HSBC statement comes a day after China’s official People’s Daily newspaper published a report accusing HSBC of being an accomplice of the United States and lying about Huawei, resulting in the arrest …read more […]

It’s been a good week for Baker Hughes Company (NYSE:BKR) shareholders, because the company has just released its… …read more […]

Celebrations may be in order for AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) shareholders, with the analysts delivering… …read more […]

Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Apple’s Tim Cook, and Alphabet’s Sundar Pichai are set to testify before Congress. …read more […]

Follow these four tips, because a lender may not always offer you the lowest rate. …read more […]

An administrative court run by the U.S. Patent and Trademark Office on Thursday rejected Moderna’s arguments to invalidate a U.S. patent owned by Arbutus, sparking worries over its efforts to develop next-generation vaccines, including a coronavirus vaccine. Moderna said the court’s ruling relates to actions it took in response to “longstanding aggressive posture” taken by Arbutus against developers of nucleic acid-based therapeutics and began well before the development of mRNA-1273, its COVID-19 vaccine candidate. …read more […]

Boeing Co is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry’s largest jetliners. Boeing hopes to bring the jet to market as passenger travel rebounds after a downturn caused by the pandemic. Delay could also cause problems in Boeing’s supply chain. …read more […]