Month: August 2020

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This Market Rally Has Legs, Six Strategists Say. Here’s Proof

August 29, 2020 admin Comments Off on This Market Rally Has Legs, Six Strategists Say. Here’s Proof

(Bloomberg) — When the stock market started to revive from the depths of the March lows, the killjoys were ready. It can’t last — just look at the state of the economy, they said. It’s going to crash again.That message was repeated over and over even as the S&P 500 advanced more than 50% and added $10 trillion in value. Since surpassing its pre-Covid high last week, the index has notched records more than a half-dozen times.The market’s relentless run has prompted many analysts to check what’s under the hood. Some now see evidence to justify further gains, citing everything …read more […]

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Wall Street Weekahead: Value bulls bang drum for cheap stock resurgence on Fed, vaccine hopes

August 29, 2020 admin Comments Off on Wall Street Weekahead: Value bulls bang drum for cheap stock resurgence on Fed, vaccine hopes

As U.S. stocks hit record highs, some investors are betting the market’s future gains will be increasingly driven by some of its lesser-loved companies. Value stocks – shares of economically sensitive companies trading at multiples that are usually below those found on growth names – have been among the laggards in the market’s blistering rally from its March lows. The Russell 1000 Value index trades at almost 18 times earnings, up from 14 a year ago, and is up some 45% since late March. …read more […]

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Exclusive: Sanofi more confident about its coronavirus vaccines

August 29, 2020 admin Comments Off on Exclusive: Sanofi more confident about its coronavirus vaccines

Sanofi’s confidence in its coronavirus vaccine candidates has increased this summer as the French drugmaker prepares to start clinical trials, its chief executive told Reuters. The company is working on two of the more than 150 potential vaccines being developed across the world to tackle the COVID-19 pandemic, which has claimed more than 831,000 lives and sparked economic chaos. One candidate, to be manufactured on the back of an existing platform that develops vaccines to treat flu, will use an adjuvant made by Britain’s GlaxoSmithKline (GSK) to boost its efficacy. …read more […]

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Is Facebook a Buy After Shops Feature Expansion? This Analyst Says ‘Yes’

August 29, 2020 admin Comments Off on Is Facebook a Buy After Shops Feature Expansion? This Analyst Says ‘Yes’

In the current stay-at-home environment, it’s all about e-Commerce. While the shift from brick-and-mortar retail to online shopping had already been underway for quite some time, COVID-19’s romp around the globe certainly accelerated it. To this end, companies everywhere are making a significant effort to keep up with the trend.This includes the likes of social media titan Facebook (FB). Back in May, the company launched its Shops product on a limited basis, offering it to only select businesses. Writing for Stifel, 5-star analyst John Egbert notes “this offering provides SMBs with the ability to build a unified transactional storefront across …read more […]

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Use These Three Strategies to Capture Bloomin’ Profits

August 29, 2020 admin Comments Off on Use These Three Strategies to Capture Bloomin’ Profits

Back in April I wrote a Trade of the Day article on Bloomin’ Brands (Nasdaq: BLMN) titled This $25 Dinner Made Us Thousands!
Here’s a recap of what I said…
A week ago, my wife was craving chicken tenders from Outback Steakhouse. Let me tell you, I am not a fan! And, to add heartburn insult to injury, she also wanted Outback’s patented blooming onion!
So we went online, and, lo and behold, she already had an account set up. It was a breeze placing the order, leaving the tip and getting a text confirmation on when the meal would be ready …read more […]

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My Favorite Buy Indicator Is Red-Hot

August 29, 2020 admin Comments Off on My Favorite Buy Indicator Is Red-Hot

Editor’s Note: There’s less than a week to go…
Next Wednesday, September 2, at 1 p.m., Andy Snyder of Manward Press will unveil his Quantitative Value Analysis System – his latest development in investing technology – at his Super Trader Rally.
We’re so excited to learn about this powerful strategy that we couldn’t wait…
So we invited Andy to give Wealthy Retirement a sneak peek of what he’ll cover in The Super Trader Rally.
Read on as he explains the bold prediction that drives his investing – and the one-of-a-kind technology he’s built to help average investors beat Wall Street at its own game.
(Then, …read more […]

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AT&T Seeks Private Equity Buyers for Part of DirecTV

August 28, 2020 admin Comments Off on AT&T Seeks Private Equity Buyers for Part of DirecTV

(Bloomberg) — AT&T Inc. is seeking private equity investors to buy the majority of its DirecTV satellite-television business, helping it cope with a major drag on its operations, according to people familiar with the situation.Such a move could let AT&T remove DirecTV from its books while potentially still giving it access to some of the cash flow, said the people, who asked not to be identified because the deliberations are private.Under new Chief Executive Officer John Stankey, who took the helm last month, AT&T is looking for more ways to slim down after years of growing through acquisitions. It’s also …read more […]