Month: July 2020

Despite COVID-19’s devastating impact on the economy, Goldman Sachs’ chief U.S. equity strategist David Kostin believes 2020 earnings might not be as bad as previously expected. Kostin gave his estimate for S&P 500 earnings per share in 2020 a lift, from $110 to $115. For 2021, the forecast remains at $170, which is 4% above 2019’s realized level, with the figure landing at $188 for 2022.That said, management commentary will be an essential factor in gauging the outlook. “Given the heightened investor focus on the earnings outlook in 2021 and 2022, we expect management commentary will prove more valuable than …read more […]

Does the July share price for OPKO Health, Inc. (NASDAQ:OPK) reflect what it’s really worth? Today, we will estimate… …read more […]

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Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani discuss the race for a COVID-19 vaccine. …read more […]

Microsoft is set to report its fiscal Q4 2020 earnings on Wednesday after the bell, and the focus will be on how much the company’s Azure platform continues to grow. …read more […]

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we’d like to… …read more […]

Capital One froze a SoCal customer’s credit card because it was concerned a bank transfer to pay off $14,000 in debt may have been made by a scammer. …read more […]

WAKEFIELD, Mass., July 21, 2020 /CNW/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading vertically integrated cannabis operator in the United States, announces today the closing of the private placement offering previously announced on July 2, 2020 (the “Offering”). Pricing of the initial tranche of the Offering was set on July 2, 2020. Under the initial tranche, subscribers purchased an aggregate of 3,541,429 subordinate voting shares of the Company (the “Subordinate Voting Shares”) at a price of C$7.70 per Subordinate Voting Share for aggregate gross proceeds of approximately C$27,269,003. …read more […]

Appointed to the chief post on an interim basis in fall 2019, Zeitlin said in March that he planned to stay in the roles of chairman and CEO for the next three years. …read more […]

Tesla Inc. (TSLA) is reportedly pushing for a new all-time record in deliveries in the third quarter despite the coronanvirus pandemic impact on the economy and a renewed wave of infectious cases.The electric carmaker has informed its staff that the goal for this quarter is a new all-time record in deliveries, according to Electrek. Tesla’s last all-time delivery record was in Q4 2019 when it delivered 112,000 vehicles.During the second quarter, Tesla’s production was affected by the pandemic, like most other automakers. Its main California factory was shut down for more than a month, and a lot of its retail …read more […]

The Diet Coke, Fanta and Sprite maker generates about half of its revenues by selling its soft drinks and concentrates to restaurants and theater operators, such as McDonald’s Corp and AMC Entertainment Holdings Inc, but most of them had to close some or all of their operations under government-mandated curbs to fight the health crisis. “We believe the second quarter will prove to be the most challenging of the year; however, we still have work to do,” Chief Executive Officer James Quincey said in a statement. Unit volume, a key measure that indicates demand, declined 16%, with Coca-Cola …read more […]

IBM has jettisoned some of its legacy business to focus on the high-margin cloud computing business, an area that has seen a lot of action in recent years as companies ramp up their digital shift to boost efficiency. Revenue from the cloud business, previously headed by Krishna, rose 30% to $6.3 billion in the second quarter. Krishna took over as chief executive officer from Ginni Rometty in April, while appointing former Bank of America Corp’s top technology executive, Howard Boville, as the new head of the cloud business. …read more […]

Stock futures rose Tuesday morning, following global equities higher after European Union leaders agreed to a breakthrough fiscal stimulus deal to help support the virus-stricken region. The risk rally also sent crude oil prices up more than 2% to more than $42 per barrel. …read more […]

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes… …read more […]

Chief financial officer Joanne Crevoiserat named interim ceo at the Coach, Kate Spade parent. …read more […]