Month: August 2020

Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and
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Activision Blizzard (NASDAQ:ATVI) delivered very strong second-quarter results, and there’s a great deal to like about the company, including its extremely popular games and its loyal and rapidly growing user base. Activision Blizzard stock is another question altogether, though. Sonos Speaker Sets: Bundle and save up to $126 vs. purchasing individual components. Source: Piotr Swat
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August 8, 2020 –  Now it’s time to start learning how to find the targets for your Trading Plan after you’ve found your Expansion of Range and Volume patterns.  For this lesson, we’ll use the Expansion of Range and Volume pattern that I had on my Trading Plan for Friday, August 7, 2020. As a
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  The Securities and Exchange Commission is investigating Eastman Kodak‘s disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, the Wall Street Journal reported Tuesday. On July 27, a day before Kodak, as well as President
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Ryan Vanzo | August 6, 2020 | Image source: Getty Images Vodafone Group (NASDAQ:VOD) made a big move last week when it chose BlackBerry Ltd. (TSX:BB)(NYSE:BB) to protect critical internal data. It’s a vote of confidence as BlackBerry looks to secure bigger partners for its new cybersecurity software products.In a press release, the companies announced an “expanded partnership with Vodafone to offer BlackBerry AtHoc
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Over the years, I have consistently pounded the table on groundbreaking technology firms. Collectively, we’re entering a period where multiple innovations are converging at once, sparking what I term the “Roaring 2020s.” Certainly, electric vehicles represent a vital cog in this gear. However, this does not include bizarre gimmicks like Electrameccanica Vehicles (NASDAQ:SOLO). Thus, I
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Puja Tayal | August 6, 2020 | More on: UBER FD Image source: Getty Images Who doesn’t know about Shopify’s pandemic rush? In just five years from its initial public offering (IPO), it has become the second-largest e-commerce giant after Amazon. And the COVID-19 pandemic gave wings to its platform, as it saw a 100% surge in revenue in the second quarter alone. Shopify stock rose
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  Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of
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Many moving parts – including the novel coronavirus crisis, OPEC’s moves, the overall economy, demand for air travel, and the increased popularity of electric vehicles – will affect oil stocks, including Exxon Mobil (NYSE:XOM) stock. I believe that Exxon Mobil stock will prove to be a good name for income investors over the medium term.
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On Aug. 5, cruise stocks wavered on news that they would again extend their no-sail date through October. This hit shares of Carnival (NYSE:CCL), Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH). Fortunately for investors, Carnival stock managed to stabilize for the rest of the week. The problem is, obviously, that without cruises there isn’t
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  Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had
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  Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as
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