Month: October 2020

Several names have made a big market entrance in 2020 and you can count DraftKings (DKNG) among them. The opportunity in online sports betting has evidently caught investors’ imagination and as a result, shares up by 378% year-to-date.However, last week the stock experienced a pullback to the tune of 23%, after the company announced the sale of 32 million shares to prop up the balance sheet.Considering the sell-off, is now the right time to pull the trigger on DKNG shares? Not according to Deutsche Bank analyst Carlo Santarelli. The 5-star analyst initiated coverage of DraftKings with a Hold rating and …read more […]

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(Bloomberg) — AMC Entertainment Holdings Inc. is considering a range of options that include a potential bankruptcy to ease its debt load as the pandemic keeps moviegoers from attending and studios from supplying films.Lenders to the world’s biggest cinema chain have held preliminary talks among themselves about providing the movie-theater company with financing if it decides to file for Chapter 11 court protection, according to people with knowledge of the matter. The fresh cash would keep AMC in business while it crafts a recovery plan, the people said.No formal proposals have been exchanged with AMC, said the people, who asked …read more […]

Out on Wall Street, who has been leading the charge forward? Tech. After the space’s key players dragged the market lower in September due to overheated valuations, tech is once again at the helm.The rise in tech makes sense. The pandemic helped accelerate a move toward remote work and telecommuting, and this in turn has put a premium on tech products. From the 5G rollout, to improvements in semiconductor chips, to the expansion of IoT and smart device capabilities – tech is everywhere, and it’s growing fast.Bearing this in mind, we turned to Needham, which lands among the top ten …read more […]

Since the market crashed in March, I’ve been telling you that American banks are one of the greatest value opportunities in the market today.
On every valuation metric, the banks are historically cheap. And yet, by all accounts, the banks went into the pandemic with the strongest balance sheets they have ever had.
The only caveat in my bank value story is that an investment in the banks will require some patience. Value investing almost always does.
I have repeatedly cautioned that I do not expect share prices of banks to turn higher until we start seeing some improvement in their earnings.
It has …read more […]

In this article, Trends Expert Matthew Carr examines the ever-changing political landscape of marijuana legalization. “We already know that cannabis companies will be election night’s biggest winner.”
Pot investors are celebrating!
Why? A lot of it has to do with the upcoming presidential election.
Marijuana Legalization: Decriminalization News
Cannabis shares jumped last week when vice presidential candidate Kamala Harris said she and presidential nominee Joe Biden would look to decriminalize cannabis if they won.
Harris is also one of the lead co-sponsors of the Marijuana Opportunity Reinvestment and Expungement Act. The U.S. House of Representatives was supposed to vote on this bill last month but …read more […]

The Lilly antibody therapy, which is experimental and not yet approved by regulators as safe and effective, is similar to a drug from Regeneron Pharmaceuticals that was given to the president during his bout with COVID-19. Trump, who credits the Regeneron drug with speeding his recovery, has called for both therapies to become available immediately on an emergency basis, raising expectations among some scientists and policy experts that the administration will imminently release an Emergency Use Authorization (EUA) for the drug. …read more […]

On Tuesday, Apple announced their plans to roll out numerous new products, including multiple versions of the new iPhone 12. CFRA Research Senior Analyst Angelo Zino joins The Final Round panel to break down why Apple’s 5G iPhone 12 may show the largest unit growth since the iPhone 6. …read more […]

“In a world where benchmark interest rates globally are near, at, or below zero, the opportunity cost of not allocating to bitcoin is higher,” the report said. …read more […]

John Meyer, Starship Capital Managing Partner & Homebound Co-Founder joins Yahoo Finance’s Zack Guzman to break down the latest announcements out of Apple’s iPhone event. …read more […]

An F-350 owner who opted out of a class action settlement sues Ford and wins on appeal for a defective 6.0L diesel engine. …read more […]

Yahoo Finance’s Dan Howley joins Akiko Fujita to break down all of the device announcements out Apple’s Tuesday event. …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

Yahoo Finance’s Sibile Marcellus joins Akiko Fujita to discuss how Royal Caribbean’s decision to suspend all cruises departing from Australia and New Zealand through the end of 2020. …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]