Month: October 2020

(Bloomberg) — China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid renewed lockdowns.Gross domestic product for the third quarter — due Monday — is forecast to come in at a 5.5% expansion from a year earlier, recovering all of the lost ground from the historic contraction in the first three months of the year.Global trade has been an unexpectedly strong driver for the world’s second-largest economy, and even still-cautious domestic consumers are becoming more confident. That returning optimism is …read more […]

(Bloomberg) — The Senate will vote on Republican proposals for a roughly $500 billion economic recovery bill and additional funding to aid small businesses starting Tuesday, Majority Leader Mitch McConnell said.The votes, essentially one-chamber messaging, will underscore the continued deep differences after months of talks on another stimulus bill that have failed to bridge gaps between President Donald Trump’s administration, House Democrats, and Senate Republicans.McConnell, who previously said the Senate would take action during the week of Oct. 19, spelled out schedule details on Saturday. A standalone vote on more funds for the Paycheck Protection Program will be held on …read more […]

(Bloomberg) — When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets.Now that a resurgent pandemic is threatening demand once again, the moment of reckoning is getting closer.The coalition of crude producers gathers on Monday to assess the state of the market. No supply decisions are expected until Dec. 1 but leading members Saudi Arabia and Russia are already stepping up diplomacy. President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman have spoken twice by phone in a week — the first time the countries’ …read more […]

More than 6 million households missed their rent or mortgage payment in September, as Congress stalls on coronavirus stimulus aid. …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * The bullish calls this past week included beleaguered stocks and a recent IPO. * A big bank and a COVID-19 therapy candidate were among the week’s bearish calls.The big three U.S. indexes ended last week essentially flat. It was another volatile week for stocks, as investors and analysts digested the delayed Prime Day, the new iPhones and the kickoff of an earnings reporting season.The stimulus impasse continued last week as well, and on the COVID-19 vaccine front, there was good news …read more […]

* This weekend’s Barron’s cover story presents the results of the Barron’s Fall 2020 Big Money Poll. * Other featured articles discuss how to find yields when preferred stock payouts are shrinking and what to expect from the wave of new electric vehicle makers. * Also, the prospects for an e-commerce pioneer, a bank that doesn’t look like a bank, a data center partnership and more.Nicholas Jasinski reveals why respondents to an exclusive Barron’s survey of U.S. money managers say they are bullish on the prospects for stocks, from Amazon.com, Inc. (NASDAQ: AMZN) to Zoom Video Communications Inc …read more […]

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Click here now to watch Marc’s latest video.
This Halloween, investors in S&P 500 companies are expected to receive more tricks than treats.
These companies’ earnings are forecast to slip by 21% in the third quarter, adding even more trepidation to an already troubled spooky season.
But as Chief Income Strategist Marc Lichtenfeld reveals in this week’s edition of his popular YouTube series State of the Market, that doesn’t mean there aren’t opportunities to profit…
In fact, this could be the most important earnings season of your life.
That’s because earnings are not a fixed proportion of a company’s previous results. Instead, companies are judged …read more […]

(Bloomberg) — Russia and Saudi Arabia held a second, and unusual, phone call this week to discuss the OPEC+ agreement after officials from the group warned on Friday of the potential for a weaker oil market in 2021.President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman spoke Saturday in what the Kremlin said was a continuation of an Oct. 13 conversation. The two discussed the OPEC+ cooperation “extensively,” the Kremlin said in an emailed statement.“Both sides reiterated their readiness for further close coordination in this area in the interest of maintaining stability in the world energy market,” the …read more […]

A look at the shareholders of EnLink Midstream, LLC (NYSE:ENLC) can tell us which group is most powerful. Generally… …read more […]

Today we’re going to take a look at the well-established Danaher Corporation (NYSE:DHR). The company’s stock received… …read more […]

Blue Bird Corporation (NASDAQ:BLBD), might not be a large cap stock, but it received a lot of attention from a… …read more […]

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for… …read more […]

It looks like SM Energy Company (NYSE:SM) is about to go ex-dividend in the next four days. This means that investors… …read more […]