Month: October 2020

(Bloomberg) — Boeing Co. is selling new bonds to help repay nearly $3 billion of debt, announcing the sale just minutes after a downgrade to the company’s credit rating.The planemaker is issuing $4.9 billion of unsecured notes in four parts, according to a person with knowledge of the matter. The debt sale was announced in a filing earlier Thursday, just minutes after Fitch Ratings put out a report cutting Boeing one notch to BBB-, the lowest investment-grade rating, with a negative outlook.The proceeds of the sale will help repay $2.8 billion of debt, which is either in the form of …read more […]

Third-quarter revenue was negative $33.7 million, a rare event for an S&P 500 company, as it reversed previously recorded income from refunds and cancellations. “It’s been almost 7 months since we paused our cruise operations, and every single day has been extremely frustrating and challenging on so many levels,” Chief Executive Officer Richard Fain told analysts. To resume operation and stem the losses, the company and its peer Norwegian Cruise Line have submitted their recommendations, detailing health protocols, to the U.S. Centers for Disease Control and Prevention. …read more […]

Sea Limited (NYSE:SE) is possibly approaching a major achievement in its business, so we would like to shine some… …read more […]

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach… …read more […]

The Sherwin-Williams Company (NYSE:SHW) last week reported its latest third-quarter results, which makes it a good… …read more […]

New format to include two separate shopping windows, spaced more than one week apart, for customers to ring up their purchases. …read more […]

(Bloomberg) — The world’s biggest cruise lines have roughly doubled the number of lobbyists they’re dispatching to congressional offices and several federal agencies this year. But as they try to resume sailing from U.S. ports, one of their most effective targets has been the White House.A former adviser to the White House Coronavirus Task Force says she and other advisers fielded a stream of calls and emails from cruise line officials, including Carnival Corp.’s in-house lobbyist. Their message: Help lift a “no-sail” order from the U.S. Centers for Disease Control and Prevention that has banned passenger cruises from U.S. ports …read more […]

Big tech companies Apple, Amazon, Facebook, Twitter and Alphabet are all set to report earnings after the bell. TECHnalysis Research President and Chief Analyst Bob O’Donnell joins the On the Move panel to discuss. …read more […]

(Bloomberg) — Exxon Mobil Corp. will slash its global workforce by 15% over the next two years, an unprecedented culling by North America’s biggest oil explorer as it struggles to preserve dividends.The cuts will include 1,900 U.S. jobs, mostly in Houston, as well as an undisclosed number of positions around the world.“These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions,” the company said in a statement on Thursday.Exxon’s total reduction will affect about 14,000 people, split between employees and contractors, spokesman Casey Norton said by phone. The figure includes …read more […]

Many tax experts say Biden’s planned minimum 15% tax on book income is a bad idea. …read more […]

Renasant Corporation (NASDAQ:RNST) investors will be delighted, with the company turning in some strong numbers with… …read more […]

Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […] …read more […]

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But if you pick the right… …read more […]

Between the ongoing corona crisis and the upcoming elections, the markets are plagued by uncertainty – the one thing that really gets investors worried. Uncertainty puts a cloud over the market’s likely course, making it difficult to find the stocks that will bring in returns.Fortunately, there are some trends that are somewhat immune to this uncertainty. Just 20 years ago, these would not have moved the needle; their niches were young, just beginning their long march through our society and culture, but today Big Tech has become one of the market’s sure things.There is no tech bigger than the FAANG …read more […]

Does the October share price for Herc Holdings Inc. (NYSE:HRI) reflect what it’s really worth? Today, we will estimate… …read more […]