Month: July 2020

(Bloomberg) — United Parcel Service Inc. surged toward a record as the courier blew past Wall Street’s expectations thanks to pandemic-era demand for e-commerce deliveries, health-care equipment and goods from Asia.Revenue jumped 13% to $20.5 billion in the second quarter, topping the highest analyst estimate and confounding predictions that sales would drop. Adjusted earnings climbed to $2.13 a share, the company said in a statement Thursday. That was about double the average of estimates compiled by Bloomberg.UPS managed to “crush elevated expectations on surge in volume,” JPMorgan Chase & Co. analyst Brian Ossenbeck said in a note to clients. “Parcel …read more […]

It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… …read more […]

The Q2 GDP report captured the period from April through June, when the coronavirus pandemic forced business closures and disrupted daily activity. …read more […]

The U.S. International Development Finance Corp said on Tuesday it would sign a letter of interest to provide the loan to Kodak, once an industry leader in cameras and the imaging business. Kodak shares rose four-fold on Wednesday, with retail traders on the popular Robinhood trading app piling into the stock. …read more […]

Yahoo Finance checks in with P&G CFO Jon Moeller moments after thee company’s second quarter earnings. …read more […]

The markets have been showing mixed messages lately. A look at the chart shows that the NASDAQ’s rate of climb has been slowing recently, although it remains at record high levels. At the same time, the S&P 500 is holding just over 3,200, putting the index back within 5% of its all-time peak. At the same time, uncertainty is up. The coronavirus has come back for a ‘second wave,’ prompting shutdown orders once again – although, with the exception of California, the shutdowns are somewhat less extensive than this past spring. The riots in major urban centers continue, along with …read more […]

Readers hoping to buy Valero Energy Corporation (NYSE:VLO) for its dividend will need to make their move shortly, as… …read more […]

A week ago, DexCom, Inc. (NASDAQ:DXCM) came out with a strong set of quarterly numbers that could potentially lead to… …read more […]

Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to… …read more […]

The free-money ride to the moon continues.
Everywhere we look, we see folks tapping their foot as they poke Uncle Sam in the belly with their hat-filled hand.
“Hurry up and give us our money” seems to be the theme of the week – perhaps the decade.
And why not… it sure seems to be working.
Despite the atrocities of a global shutdown, most folks made more money during the first half of the year thanks to the coronavirus than they would have made if the bug had passed us by.
The latest personal income figures show – thanks to a whopping 10.8% stimulus-fueled surge …read more […]

(Bloomberg Opinion) — Sharp swings in the crude price have been an unmitigated pain for the oil industry, right? Not entirely. The silver lining has been a lucrative environment for the oil majors’ trading operations. This was on stark display in the second-quarter performance of Royal Dutch Shell Plc. But it creates a challenge for investors. How do you value this unpredictable and opaque source of income?Shell warned last month that its three-month earnings, released Thursday, would include a colossal impairment charge reflecting the impact of the pandemic on energy demand and prices. That writedown came in at $17 billion …read more […]

Shareholders might have noticed that Amgen Inc. (NASDAQ:AMGN) filed its quarterly result this time last week. The… …read more […]

Top news and what to watch in the markets on Thursday, July 30, 2020. …read more […]