Month: July 2020

There’s a new mega-trend taking Wall Street by storm… with everyone from Amazon’s Jeff Bezos to BlackRock taking notice …read more […]

Chief Income Strategist Marc Lichtenfeld tells investors how they can master market volatility. When the markets are a rollercoaster, investors shouldn’t stress. Instead, investors should look at how they can profit from market volatility. Marc gives us a few tips…
When unemployment numbers turned out to be even worse than we expected on Thursday, the real estate, information technology and consumer discretionary sectors fell within three hours of market open.
The day before, the Dow Jones Industrial Average had its fourth positive day in a row…
Ever since the market’s crash at the end of February, sharp moves up and down that would …read more […]

By Jarrett Banks Triton Electrical Vehicle Founder Himanshu B. Patel likes to think big. So when the solar-power battery company turned its attention to the white-hot electric vehicle (EV) market, he decided to build a massive electric SUV for the baller set. The company announced in April that is taking orders for an eight-seat SUV […] …read more […]

In 1962, sociologist E.M. Rogers came up with his “Diffusion of Innovation” theory.
It’s one of the oldest social science theories.
And during the past several decades, it’s provided an extremely profitable blueprint for investors… particularly now.
Rogers’ theory breaks down the technology adoption life cycle into five main segments, ranging from the fringes of the early market to the completely mainstream. As a piece of technology moves through this cycle, it gains more and more market share…
Of course, not every new piece of tech becomes commonplace.
In the nascent stages, a new technology’s growth is driven by innovators and early adopters. These are …read more […]

As Boeing (BA) continues to make progress towards re-certification of the 737 Max airplane, the company now faces more important challenges. Global airlines continue to struggle financially and face dire passenger levels where new planes won’t be needed for years.The aerospace giant has seen its shares rising on the hopes of an economic recovery. The biggest risk to the rebound story is that airlines don’t need the 737 Max after the long re-certification process following the two deadly crashes in early 2019.Certification ProgressA few weeks back, Boeing and the FAA performed formal certification flight tests over a three-day period. The …read more […]

Congress has authorized $3.6 trillion in stimulus money to help offset the punishing cost of the lockdowns and business closures caused by the coronavirus pandemic. Congress is now developing another massive round of stimulus spending that will probably top $1 trillion. Yahoo Finance’s Rick Newman joins The Final Round to discuss. …read more […]

Tesla shares will be a must-watch stock when the electric vehicle maker reports earnings this Wednesday after the market close. …read more […]

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Stocks rose Monday as investors looked ahead to a packed week of earnings, stimulus talks and congressional testimony from Covid-19 vaccine developers. The Nasdaq logged a record close after rising 1% as shares of Amazon jumped 5% after Goldman Sachs raised its price target on the e-commerce stock to $3800 from $3000.
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(Bloomberg) — Another icon of post-war American suburbia went bust as Briggs & Stratton Corp. declared bankruptcy, felled by weak sales, too much debt and a final push over the edge from the coronavirus pandemic.The world’s biggest maker of gasoline engines for outdoor power equipment sought protection from creditors in a St. Louis bankruptcy court on Monday, citing debts of more than $1 billion. The filing included a $550 million bid for the company from KPS Capital Partners, a New York private equity firm, which promised to keep Briggs & Stratton in business without the crushing debt that plagued the …read more […]

(Bloomberg) — International Business Machines Corp. beat analysts’ estimates for revenue in the second quarter, with cloud sales helping offset coronavirus-fueled declines in its consulting services business. The shares gained in late trading.The Armonk, New York-based company reported total cloud revenue increased 30% to $6.3 billion in the second quarter. That helped offset revenue declines in the tech support units Global Business Services and Global Technology Services, which account for about 56% of IBM’s total revenue. Overall, sales fell 5.4% to $18.1 billion, beating the $17.62 billion analysts had expected, according to data compiled by Bloomberg.Covid-19 has hit IBM’s services …read more […]

IBM has jettisoned some of its legacy business to focus on cloud computing, an area that has seen a lot of action in recent years as companies ramp up their digital shift to control costs and boost efficiency. Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 30% to $6.3 billion. 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 IBM’s cloud business. …read more […]

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International Business Machines Corp posted quarterly revenue and profit above analysts’ estimates on Monday, riding on the strength of its high-margin cloud computing business. IBM has jettisoned some of its legacy business to focus on cloud computing, an area that has seen a lot of action in recent years as companies ramp up their digital shift to control costs and boost efficiency. Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 30% to $6.3 billion in the second quarter. …read more […]

In a new interview on Fox News, President Trump vows to approve new health care and immigration plans within ‘the next four weeks.’ Yahoo Finance’s Rick Newman and Akiko Fujita discuss. …read more […]