Month: October 2020

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

Knowing what the current and historic returns are for every type of investment, the smart investor will curtail his ambitions to what is reasonable to expect.
For example, the smart investor plans to get 8% to 12% on his stock portfolio over time. He doesn’t try to get much more than that. He knows that if he does try, he will probably make much less. (Studies show he’ll probably make only 2% to 3%.)
The same is true of every other asset class – government securities, corporate bonds, convertible bonds, natural resource stocks, penny stocks, private placement deals, commodities, currencies, real estate, …read more […]

There’s been a notable change in appetite for The Boeing Company (NYSE:BA) shares in the week since its quarterly… …read more […]

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically… …read more […]

(Bloomberg) — Prosus NV plans to buy back a combined $5 billion of shares in itself and its South African parent Naspers Ltd. in a move designed to boost shareholder value and narrow a discount between the e-commerce giant and its stake in Tencent Holdings Ltd.The group will aim to pick up $1.37 billion of its own stock and $3.63 billion of Naspers, Amsterdam-based Prosus said in a statement on Friday. The purchase will start following the release of half-year earnings on Nov. 23.“Over the years, our group has achieved improved financial flexibility. It has built a portfolio of e-commerce …read more […]

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

The world’s largest initial public offering (IPO) is breaking records in Hong Kong’s stock market history and soaked up more than half of the money in circulation as investors spent an unprecedented amount of cash to win a piece of the world’s biggest online payments company.Almost 1.5 million retail investors put in HK$1.3 trillion (US$167.7 billion) in Ant Group’s retail offering in Hong Kong as of 11am local time, according to people familiar with the matter. That amounted to 394 times over the initial number of shares on offer, they said. The ratio is likely to increase further after the …read more […]

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(Bloomberg) — Gold headed for a third monthly drop — the longest run since 2019 — as investors favored the dollar as a haven in the final days before next week’s pivotal U.S. presidential election, a contest that coincides with a wave of coronavirus cases that’s ripping through the top economy and Europe.Uncertainty remains high before the Nov. 3 vote, lifting the dollar’s appeal as a safe asset over bullion. The spread of Covid-19 is intensifying in the U.S., where new cases topped 86,000 to set a fresh daily record, as well as right across Europe’s leading nations.Since hitting a …read more […]

(Bloomberg) — Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and aviation fuel.Futures have tumbled almost 11% this month in New York and they’re near the lowest since late May in London. Infections surged to a record in the U.S. Midwest, while parts of Europe tightened restrictions to stem second waves. Meanwhile, the return of Libyan supplies added to concerns of a crude glut.Road fuel sales in the U.K. slid for a fifth week to the lowest since July. …read more […]

(Bloomberg) — Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps.Futures on the S&P 500 tumbled 2% and Nasdaq 100 contracts were down 2.3% as of 6:45 a.m. in London. Stocks had rebounded from the worst selloff in four months during the cash session ahead of the slate of megacap results.The slide follows a red-hot run this year that saw the tech giants help haul U.S. equities to new highs amid a rampant pandemic and severe economic downturn.“As we’ve seen in reactions …read more […]

“The dollar rebound appears to have run its course,” said Edward Moya, senior market analyst at OANDA. Europe has moved back to the centre of the global pandemic, with Germany and France ordering a second lockdown to curb the spread of infections. “Leading into the U.S. elections I see it (gold) staying weak,” said Michael Langford, executive director at corporate advisory and consultancy firm AirGuide. …read more […]

BYD Company Limited (OTC: BYDDF) enjoyed robust earnings in the third quarter due to a bounce-back in demand for electric vehicles in China and increased sales of face masks.What Happened: The Chinese automaker backed by Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett released its third-quarter results on Thursday.Sales rose 41% to $6.67 billion in the three months through September, while the automaker’s net profit increased 1,362% to $262.1 million (RMB 1.75 billion). Earnings per share rose 3,000% from the similar quarter a year ago at $0.093 (RMB 0.62).The company said its new flagship model “Han” and …read more […]

One of 2020’s most prominent trends has been the rise of digital payments. Driven by the continued success of it Cash App, Square (SQ) has made the most of this opportunity. The fintech player has experienced strong growth and as a result the stock has accumulated year-to-date gains of a massive 171%.Heading into next week’s Q3 earnings (Nov 5 AMC), Deutsche Bank analyst Bryan Keane anticipates another strong showing from the payments industry disruptor.”We expect SQ to continue executing with improving Seller trends and Cash App strength from stimulus and increased demand for the company’s digital solutions driving stronger long …read more […]

(Bloomberg) — Fresh concerns about the outlook for technology giants dragged U.S. equity futures lower, while Asian stocks also slipped on Friday. The dollar gave back some of its advance from the prior session.Japanese shares fell over 1%, with declines more modest in Hong Kong and Australia. Contracts on the Nasdaq 100 and S&P 500 sank following a string of reports from the likes of Amazon.com Inc. and Apple Inc., with the iPhone maker down more than 4% in after-hours trading.The S&P 500 had earlier bounced back a day after its biggest rout in four months, with investors encouraged by …read more […]