Month: August 2020

AstraZeneca PLC’s (LON:AZN) price-to-earnings (or “P/E”) ratio of 67.7x might make it look like a strong sell right… …read more […]

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Nokia’s new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker as he works toward setting a strategy, as the company jostles for position in the highly political 5G race. U.S. government pressure to limit the use of China’s Huawei presents an opportunity for Nokia as next generation technology is rolled out, but Lundmark would not be drawn. “Maintaining good relations with governments in pretty much all parts of the world is extremely important,” Lundmark said in a video interview with Reuters on Friday. …read more […]

As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year. Coronavirus-fueled lockdowns and a major shift toward working from home have weighed on residential and retail U.S. real estate investment trusts. The sector has slid 7% this year compared with a 3% gain on the S&P 500. …read more […]

(Bloomberg) — Robintrack.net, the website whose hourly updates on retail stock demand became a minor obsession of Wall Street, will end its service after owners of the Robinhood investing app curtailed access to user data.The two-year-old portal “will be coming to an end, at least in its current form,” according to its creator, Casey Primozic, 23, who built the site as a college side project and watched daily traffic swell to the tens of thousands. Robinhood will stop providing the feed on which Robintrack’s information is based out of concern it’s disadvantaging clients.“They said the reason they’re doing this is …read more […]

(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk is accused in a lawsuit of defaming a long-time critic of the company and triggering an online hate campaign against him.Randeep Hothi, a University of Michigan graduate student known as “@skabooshka” on Twitter, says after Musk accused him of “almost” killing Tesla employees, he was hit with “an onslaught of hateful Twitter responses, accusing Hothi of being a liar, a murderer, a terrorist, and a deranged maniac.”Musk’s accusations — made in an email to a website editor, who posted it on Twitter — arose from two incidents, both of which Hothi …read more […]

(Bloomberg) — Friday’s attack by President Donald Trump on WeChat may have pushed many investors to offload Asia’s technology shares. But for some, the selloff has presented a good buying opportunity.Jian Shi Cortesi, a portfolio manager at GAM Investment Management in Zurich, bought some Chinese internet stocks on Friday and plans to further increase holdings if the stock prices pull back more.“The U.S. ban on Chinese internet companies will have little impact on the revenue and earnings of most listed Chinese internet companies,” Cortesi said in an interview. Her Asia Focus Equity Fund has a third of its exposure in …read more […]

2020 has seen a market trouncing performance from fintech player Square (SQ). Since hitting the skids in mid-March with the price dropping to $38.09, shares have appreciated by an enormous 285%.The latest uptick came after Square’s Q2 earnings report blew the estimates out of the water. The banking industry disruptor generated revenue of $1.92 billion, indicating year-over-year growth of 64.1% and handily beating consensus by $790 million. Non-GAAP EPS of $0.18 came ahead of the estimates by $0.22.Although gross payment volume – a key metric – declined by 15% from the same period last year to $22.8 billion, the figure …read more […]

With President Trump’s executive order banning of popular Chinese apps TikTok and WeChat on the horizon, investors and regulators arewill mean for American companies and U.S-China relations, Paul Triolo, Eurasia Group Head of Global Tech Policy, joins The Final Round to discuss the long-term implications of tensions between the largest economies in the world. …read more […]

Despite rising as much as 41% since bottoming out along with the rest of the market in mid-March, Micron (MU) shares are still in the red in 2020 – down by 9%. The performance is particularly galling when compared to the company’s peers in the semiconductor industry. The SOX (The PHLX Semiconductor Sector Index) – the sector’s overall indicator – is up by 19% year-to-date, highlighting Micron’s underperformance.So, the negative sentiment could mean one of two things. Either Micron’s business is in bad shape and investors are lacking confidence in its ability to perform or that Micron presents an opportunity …read more […]

This company looks ripe for takeoff. It’s not going to jump 2,000%, but War Room members are aboard for a ride.
EHealth (Nasdaq: EHTH) is a company that wants to revolutionize healthcare. It provides a private online source of health insurance for individuals, families and small businesses.
It’s the parent company of eHealthInsurance, a private health insurance exchange, where individuals, families, and small-businesses can compare health insurance products from various insurers side by side and purchase and enroll in coverage online through any of its five websites or via phone through its customer care centers. The company also offers various online and …read more […]

Last week, I introduced you to the concept of investing with a coin-flip mindset.
The idea behind it is simple.
Find investment opportunities that – like a coin flip – have only two possible outcomes:
Outcome one: You break even
Outcome two: You make money.
It is a selective investing approach that protects your downside risk. It also forces you to be selective and patient.
It’s no wonder that most of the truly great stock market investors embrace this approach…
It is no coincidence that Warren Buffett’s No. 1 rule for investing is “Don’t lose money!”
Buffett is the greatest stock market investor of all time, and his …read more […]

(Bloomberg) — Donald Trump just went back on the offensive with Canada, reviving a tariff on the country’s aluminum shipments. But thanks to some oddities in the metal market, producers in the Great White North could escape without incurring a full blow from the duty.The freshly reinstated fees only apply to raw metal. That leaves the door open for U.S. companies to import Canada’s finished products made from aluminum — auto parts, jet bodies and machinery — free of duties. The loophole could be especially relevant now that many analysts expect that the economy is past its trough, meaning demand …read more […]

Cadillac revealed its first all-electric car, the Lyriq. The electric SUV will have an estimated range of 300 miles and will be Cadillac’s attempt to break into the EV market. Cadillac CMO Melissa Grady joined Yahoo Finance’s Pras Subramanian to break down the specs of the car.
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