#gold #silver #USD $GLD $XAU $SLV $XAG $USD Gold extended its strong Bull run Thursday, driven by expectations of more monetary response to the virus chaos. Spot gold hit an all-time high of 2,069.21oz and was up 0.8% at 2,055.87 at 2:10p EDT (1810 GMT). US gold futures settled 1% higher at 2,069.40. Data showed US jobless claims fell […]
#gold #rally #Bulls $XAU $GLD $USD Gold sliced through the powerful psych mark at 2,000 like ‘a hot knife through butter‘ The move has some fearing a deep correction, but many my work shows more gains as investors buy into the precious Yellow metal’s safety. The record-breaking rally, which lifted gold as high as 2,055 […]
$AAPL Samsung on Wednesday unveiled a second-generation folding smartphone along with other new gadgetry aiming to jump-start sales in a market hit hard by the global pandemic. The consumer electronics colossus unveiled its latest lineup at a streamed “Galaxy Unpacked” event, aiming directly at remote work and education trends supercharged around the world by the […]
Car registrations in Germany showed this year’s smallest monthly drop in July as buyers took advantage of a temporary cut in value added tax, figures released Wednesday showed. Registrations fell by only 5.4 percent in July, improving significantly from the precipitous drops of 32 percent in June, 50 percent in May and 61 percent in […]
T. Rowe Price (NASDAQ:TROW) announced the debut of four active exchange-traded funds (ETFs). All four funds are available to the public beginning today. The ETFs, which will be actively managed by T. Rowe Price portfolio managers, include the Blue Chip Growth ETF, the Dividend Growth ETF, the Equity Income ETF, and the Growth Stock ETF. […]
The BBVA Research team published its economic analysis of the drop in gross domestic product for second quarter 2020, noting it is the steepest decline in over-the-quarter growth since 1937, in the aftermath of the Great Depression. As noted in the published analysis, the GDP dropped by 32.9 percent on an annualized basis and has […]
#cash #housing #boom #Whirlpool $WHR Whirlpool, the coming increase in new home sales is a big plus for this company. Whirlpool Corp. (NYSE:WHR) manufactures and markets home appliances and related products. Its principal products include refrigerators, freezers, ice makers and refrigerator water filters, laundry appliances and related laundry accessories, cooking and other small domestic appliances, […]
#gold #silver #COMEX $XAU $GLD #XAG $SLV Tuesday, spot gold rose to a record above 2,000oz as investors continue to seek safe-haven for their assets due to economic and geopolitical risks. Gold has rallied in the past year as the C-19 coronavirus chaos prompts unprecedented amounts of aid/relief/stimulus to bolster economies, including lower rates, which […]
$KODK #Kodak #USA #NYSE #Sell #ShortSellers #Stocks #Trading Eastman KodakTicker: NYSE:KODKPrice: $14.94Recommendation: Sell Company News It’s a Kodak moment for investor insanity on Wall Street — and the enormous run-up in Eastman Kodak’s stock is yet another example of the current market frothiness. Shares of Kodak are still up about 530% in the past five days — […]
$AAPL #Apple #USA #Nasdaq #Stock #Split #Stocks #Trading AppleTicker: NASDAQ:AAPLPrice: $435.75 Company News Apple Inc. will enact a four-to-one stock split in August to become “more accessible to a broader base of investors,” the company announced in its knockout third-quarter earnings report. Bulls will note that stock splits are normally a good thing for stocks, especially […]
$MSFT #Microsoft #USA #Nasdaq #Software #Stocks #Trading MicrosoftTicker: NASDAQ:MSFTPrice: $216.54 Business Summary Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; […]
$BABA #Alibaba #USA #NYSE #Stocks #StockSplit #Trading AlibabaTicker: NYSE:BABAPrice: $257.94Recommendation: Buy Business Summary ALIBABA GROUP HOLDING LIMITED is a holding company that provides the technology infrastructure and marketing reach to help merchants, brands and other businesses to leverage the power of new technology to engage with users and customers to operate. The Company operates four […]
#gold #silver #safety #asset #coins #bars #jewerly $XAU $XAG $GLD $SLV $USD The Big Q: Why is gold marking all time highs now? The Big A: Why Not! Gold’s as a safe-haven investment during turbulent market environments is well known and this means physical precious metals may continue to go up in value. The Big […]
#cash #biomaterials #chemicals #healthcare #products #services #bullish $AVTR Avantor Inc. (NYSE:AVTR) sells chemicals and materials to biohealth and other industries, the stock after confirming a 35% earnings increase, despite a drop of about 3.5% in revenues. After a 10% gainer to 21.70 last Thursday, the market cap was at $12.731-B, and it hit a 52 […]
#C19Cronavirus #nutrition #diet #immune #disease #prevention #morbidity IF YOU WANT MARKETS TO RECOVER READ THIS AND WEAR A MEDICAL MASK Poor metabolic health is linked to underlying conditions including diabetes and cardiovascular disease that create major complications for people fighting coronavirus, confirming the critical link between C-19 and nutrition. Chronic health conditions such as hypertension, […]
#soap #water #CDC #C19cronavirus #washing #hands IF YOU WANT MARKETS TO RECOVER READ THIS AND WEAR A MEDICAL MASK Studies have shown that good hand hygiene can help slow the transmission of C-19 coronavirus. The Centers for Disease Control and Prevention (CDC) says that using soap and water is the best way to kill germs. If […]
$SWBI $AOUT Smith & Wesson Brands, Inc. (NASDAQ:SWBI), one of the world’s leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an […]
Public Service Enterprise Group (NYSE: PEG) reported Net Income for the second quarter of 2020 of $451 million, or $0.89 per share, compared to Net Income of $153 million, or $0.30 per share, in the second quarter of 2019. Non-GAAP Operating Earnings for the second quarter of 2020 were $404 million, or $0.79 per share, […]
Trends Exchange details that the New Space Race will be supplanted during the next decade through space infrastructure projects, space distribution, and continued investment in space-based technology applications. The Boeing Market Outlook projects $2.5 trillion of defense and space opportunities during the next decade. Space Capital reports a total of $12.1B invested in space companies in […]
The -12.1% Q-o-Q growth rate is the worst ever recorded and a pretty difficult one to interpret. It is a shocking drop, but completely understandable as the economy was shut for a considerable period during the quarter. It, therefore, doesn’t tell us all that much about the general state of the economy, which is usually why […]
The Canadian economy rebounded in May, posting growth of 4.5 percent as activity bounced back following two months of sharp declines due to the coronavirus pandemic, the government said Friday. The recovery is likely to continue in June, according to Statistics Canada, which currently forecasts a 5.0 percent monthly expansion. The virus crisis and measures […]
#data #center #takeover #target #cloud #managed #services #IT #applications QTS Realty Trust is a Top data center pick and the company looks like a takeover target. QTS Realty Trust Inc. (NYSE:QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. Its integrated technology service platform of custom data […]
#dollar #gold $USD $DXY $XAU $GLD $DIA $SPY $QQQ $RUTX $VXX $GS Savvy participants are going “all-in” on gold, Goldman Sachs is going “all-in” on gold, that is happening by the currant Southside pressure on the Buck. With more Southside expected in US real interest rates we here at HeffX-LTN are reiterating our Long gold […]
Group announces organic farm partnership with Michelin 2-Star Chef James Noble The Banyan Tree Group, one of Asia’s leading hotel brands for sustainability and environmental awareness, has announced that it will launch a range of organic, plant-based menus at its resorts around the world, starting in Thailand later this year. The Singapore-based Group said it […]
$0763.HK #True #ZTE #HongKong #HSI #5G #Stocks #Trading ZTETicker: 0763.HKPrice: HKD23.15 Company News ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, recently announced collaboration with True Corporation Public Company Limited (True) to build a commercial 5G network in Thailand. True, a fully licensed operator in Thailand, […]
$USD $GOLD #ECONOMICS #USA #POLITICS #COVID19 Facing the second recession in just over a decade and with Congress locked in debate over a new emergency spending package, the Federal Reserve will seek a way to put some guardrails on the US economy. As we suggested early in the pandemic, the worst may not come till […]
$1558.HK #YiChang #HEC #ChangJiang #HongKong #HSI #Stocks YiChang HEC ChangJiang PharmaceuticalTicker: 1558.HKPrice: HKD12.26Recommendation: Strong Buy Business Summary YiChang HEC ChangJiang Pharmaceutical Co., Ltd. is a China-based company principally engaged in the manufacture and sales of pharmaceutical products. The Company is also engaged in the research and development, marketing and distribution of pharmaceuticals. The products of […]
$0016.HK #SunHungKai #Properties #HongKong #HSI #Stocks #Trading Sun Hung Kai PropertiesTicker: 0016.HKPrice: HKD92.45 Company News Sun Hung Kai Properties, Hong Kong’s biggest developer by market cap, has priced its latest project in Tuen Mun nearly 40 per cent higher than new launches in the New Territories, paying no heed to the third wave of coronavirus […]
$NRG NRG Energy has made good run the lows, and still sees solid Northside for aggressive participants. NRG Energy Inc. (NYSE:NRG) is an integrated independent power producer that owns and operates 27 gigawatts (GW) of conventional and renewable generating capacity in the United States and serves 3-M retail customers in Texas and the Northeast. NRG […]
$WH #COVID19 Wyndham Hotels & Resorts (NYSE:WH) today announced results for the three months ended June 30, 2020. Highlights include: Diluted loss per share was $1.86, and adjusted diluted earnings per share was $0.10. Net loss was $174 million for the second quarter and adjusted net income was $9 million. Adjusted EBITDA was $63 million. […]
The US Federal Reserve will extend the Money printing madness, the $USD will fall, $GOLD will rally and Stocks will be artificially held high, the wealth gap will widen, business as usual in modern America. The US Federal Reserve opened a two-day policy meeting on Tuesday amid signs of waning consumer confidence and with Congress […]
$3988.HK #BankofChina #HongKong #HSI #Stocks #Markets #Banks Bank of ChinaTicker: 3988.HKPrice: HKD2.65 Business Summary BANK OF CHINA LIMITED is a China-based commercial bank. The Bank is mainly engaged in the provision of banking and related financial services, including commercial banking business, investment banking business, insurance business, direct investments and investment management businesses, fund management business […]
$PFE #COVID-19 #CORONAVIRUS Pfizer reported a drop in second-quarter profits Tuesday, but lifted its full-year forecast on expectations that medical activities curtailed by coronavirus will return in the second half of 2020. The drugmaker, which is working on a vaccine for COVID-19, said it temporarily suspended clinical trials during the second quarter and halted marketing […]
$MCD #EARNINGS #CORONAVIRUS McDonald’s reported a steep drop in second-quarter profits Tuesday on much lower sales due to coronavirus closures that affected most of the chain’s worldwide network, the fall is a continuation of a downtrend over the last 5 years. The fast-food company suffered a 68 percent drop in profits to $483.8 million, following […]
#coronavirus $AAL $DAL $UAL #Airlines #Travel Global air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, the International Air Transport Association said on Tuesday. Uncertainty about the timing of border reopenings is the main factor, IATA’s chief economist Brian Pearce told a news conference. “We now are expecting […]
$1398.HK #Industrial #Commerical #Bank #HongKong #HSI #Stocks Industrial and Commercial Bank of ChinaTicker: 1398.HKPrice: HKD4.67Recommendation: Buy Industry News To accelerate the rollout of the digital yuan, the People’s Bank of China (PBoC) has partnered with over 20 companies in the country to test it in the real world. The central bank first inked partnerships with […]
$0788.HK #ChinaTower #HongKong #HSI #Stocks #Trading China TowerTicker: 0788.HKPrice: HKD1.40Recommendation: Buy Business Summary CHINA TOWER CORPORATION LIMITED is a China-based telecommunications tower infrastructure service provider. The Company mainly has three business segments. The Tower Business segment mainly uses sites to carry out macro cell and small cell businesses with telecommunications service providers (TSPs). The Indoor […]
#agribusiness #worldwide #food #grains #investors $BG Bunge (NYSE:BG) is a Top mid-cap stock, it has rallied nicely off the March lows and continues to offer investors a good entry points. Bunge Ltd. operates as an agribusiness and food company worldwide. It operates in the following 5 segments. The Agribusiness segment purchases, stores, transports, processes and […]
$ADVANC.BK #Thailand #SET #AdvancedInfo #Service #Stocks #Market Advanced Info ServiceTicker: ADVANC.BKPrice: THB185.00Recommendation: Buy Company News Advanced Info Service (AIS) is planning to launch its first 5G service for the business sector with commercial 5G fixed wireless access (AIS 5G FWA) as the first operator in Thailand. The top mobile operator by subscriber numbers targets corporate […]
$TASCO.BK #Thailand #SET #Tipco #Asphalt #Stocks #Markets Tipco AsphaltTicker: TASCO.BKPrice: THB26.25 Business Summary Tipco Asphalt Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of asphalt and petroleum products. The asphalt products are used in road construction, maintenance and paving industries. The products are divided into 2 types: asphalt products for […]
$STA.BK #SriTrang #Thailand #SET #Stocks #Markets Sri Trang Agro-IndustryTicker: STA.BKPrice: THB24.60 Business Summary Sri Trang Agro Industry Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of natural rubber products, such as ribbed smoked sheets, concentrated latex, standard Thai rubber (STR) block rubber, gloves and other products. The Company and its […]
$1093.HK #HongKong #HSI #CSPC #Pharmaceutical #Stocks #Trading CSPC PharmaceuticalTicker: 1093.HKPrice: HKD15.34Recommendation: Buy Industry Outlook The global vitamins and mineral supplements market is expected to grow from $51.70 billion in 2019 to 61.16 billion in 2020 at a compound annual growth rate (CAGR) of 18.3%. The dietary supplement market, particularly the sale of vitamins and mineral supplements is […]
#USA #ECONOMY The U.S. direct investment abroad position, or cumulative level of investment, increased $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $95.7 billion increase in the position in Europe, primarily in […]
The most recent findings from an ongoing IBM (NYSE:IBM) Institute for Business Value (IBV) survey of U.S. consumers show that Americans remain concerned about returning to the workplace in the face of the ongoing pandemic, and expect further outbreaks of COVID-19 in the fall. The July research revealed a slight contrast in consumer attitudes compared to […]
Bank7 Corp. (NASDAQ:BSVN) (“the Company”), the parent company of Oklahoma City-based Bank7 (the “Bank”), today reported unaudited results for the fiscal quarter ended June 30, 2020. “We are happy to report strong second quarter earnings reflected by (i) record pre-tax, pre-provision earnings and (ii) net income substantially in line with previous quarters. Clearly, the future is uncertain […]
$BABA $JD Hong Kong’s stock market launched a new index on Monday tracking China’s tech giants as they become increasingly dominant players on the city’s exchange. The Hang Seng Tech Index tracks the top 30 tech firms listed in the city — including Alibaba, JD.com, Tencent, Xiaomi and Meituan Dianping. Hong Kong has become an […]
The US economy will grow on the order of 20 percent in the third and fourth quarters, a top White House economic adviser predicted Sunday, despite reopening setbacks linked to a coronavirus resurgence. “I don’t deny that some of these hotspot states moderate that recovery, but on the whole the picture is very positive,” Larry […]
Gold struck a record high of $1,944.71 in Asian trading on Monday as traders piled into the “safe haven” investment, a status that is a product of the characteristics that have long made the metal useful in finance. The Egyptians were the first to mine gold somewhere around 3000 BC. The fairly balanced distribution of […]
$XYF #NYSE #USA #XFinancial #Stocks #Markets #Trading X FinancialTicker: NYSE:XYFPrice: $0.84 Business Summary X FINANCIAL is a China-based company principally engaged in the provision of technology-driven personal finance services. The Company’s products primarily include Xiaoying Card Loan and Xiaoying Preferred Loan. The Company is also engaged in the provision of investment opportunities to investors through […]
#PulteGroup #PHM #homebuilder #VeryBullish #StrongBuy $PHM PulteGroup Inc. (NYSE:PHM) broke out on 26 May and 3X confirmed on 14, 15, and 16 July, now we are rating it a Strong buy in the US homebuilder sector. The Key support is ar 40.21 and the overhead resistance is light. Friday the stock closed at 42.62, +1.33. […]
$INTUCH.BK #Intouch #Thailand #SET #Stocks #Markets Intouch HoldingsTicker: INTUCH.BKPrice: THB56.75 Business Summary Intouch Holdings PCL, formerly Shin Corporation PCL, is a Thailand-based company engaged in the investment in satellite, Internet, telecommunications, media and advertising. The Company operates in local wireless communications, including the provision of local mobile telecommunication, trading and rental of telecommunication equipment and […]
$TTW.BK #TTW #Thailand #SET #Stocks #Trading TTWTicker: TTW.BKPrice: THB13.20 Business Summary TTW Public Company Limited, formerly Thai Tap Water Supply Public Company Limited, is a Thailand-based company engaged in the production and distribution of tap water. The Company has signed a 30-year contract with the Provincial Waterworks Authority under a build-own-operate agreement to supply treated […]
$AMATA.BK #Amata #Bangkok #Stocks #Trading AmataTicker: AMATA.BKPrice: THB15.60 Business Summary Amata Corporation Public Company Limited specializes in developing and managing integrated industrial cities. It sells industrial lands and provides related services, such as offices and ready-built factories for rent, power and water supplies, waste water treatment and other supporting activities. Its main strategic locations include […]
$AP.BK #AP #Thailand #HEFFX #Technicals #Stocks #Trading AP (Thailand)Ticker: AP.BKPrice: THB6.15 Business Summary AP Thailand Public Company Limited is a Thailand-based company engaged in real estate development business, such as townhouse, single detached house (SDH) and condominium in the residential area or central business district. The Company operates three business segments: low-rise segment, which is […]
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that the Group’s subsidiary, Ping An Bank Co., Ltd. (hereafter “Ping An Bank”, SZ:000001) won the “Asia’s Best Digital Bank” award in Euromoney’s Awards for Excellence 2020. Ping An Bank is China’s first bank to receive this award. […]
$SOHU #Sohu #Nasdaq #USA #China #Trading #Markets Business Summary SOHU.COM LTD is a China-based online media, search and game service company principally engaged in the provision of online products and services on personal computers (PCs) and mobile devices. The Company mainly operates its businesses through three segments, including the Sohu segment, the Sogou segment and […]
$GELYF #Geely #Automobile #OTC #USA #Trading #Markets Business Summary Geely Automobile Holdings Limited is an investment holding company principally engaged in automobiles. The major products include Emgrand electric vehicles (EVs), Emgrand grand luxury (GL), Geely GC9, Vision sports utility vehicles (SUVs), Emgrand grand super (GS), Geely Kingkong Series, Geely Boyue, Geely Panda, Free Cruiser, New […]
The Boston Beer Company, Inc. (NYSE:SAM) reported second quarter 2020 net revenue of $452.1 million, an increase of $133.7 million or 42.0%, from the same period last year. Net income for the second quarter was $60.1 million, an increase of $32.3 million or 116% from the same period last year. Earnings per diluted share were […]
$WTCZF #CopperLake #Resources #USA #OTC #Trading #Markets Business Summary Copper Lake Resources Ltd. is a mineral exploration company focused on acquiring, exploring and developing exploration and evaluation assets in Canada. The Company’s focus is on the exploration and development of its two properties in Ontario, the Marshall Lake property and the Norton Lake property. The […]
#gold #XAU #GLD #silver #XAG #SLV #rally #USD #Treasuries #yields #interest #Fed $XAU $GLD $XAG $SLV $USD Deepening negative real yields in the US Treasury market are driving a this rally in gold that is seeing the precious Yellow metal moving toward record highs. Bullion has gained 24% this year and is about $40 from […]
#silver #miners #prices #verybullish $PAAS Pan American Silver Corp. $PAAS raised to Buy from Neutral and its price objective was raised to 50.75 from 34.50. April Breakout confirmed on 26 June. PAAS is trading at 35.85 premarket Friday morning vs a 52 wk high of 10.61-37.86. My overall technical outlook for PAAS is Very Bullish, […]
Viasat Inc. (NASDAQ:VSAT), a global communications company, today announced the closing of a $175 million common stock investment from affiliates of Intercorp, and affiliates of The Baupost Group, L.L.C. (“Baupost”), Viasat’s largest shareholder. Under the terms of the investment, the investors purchased an aggregate of 4,474,559 shares of common stock at a price of $39.11 per […]
$TWTR #TWITTER #WOKE Twitter said Thursday user growth soared in the past quarter even as ad revenues took a hit amid civil unrest in the United States. The “WOKE” Twitter is yet another case of the Woke to Broke craze. Only the media is pushing the idea that the USA is now fully Woke and […]
Summary Buying quality companies is incredibly important in today’s volatile market. In this article, I use Apple’s stock to focus on the steps I take to determine whether or not a DGI stock meets my quality standards. Determining quality is a fairly objective process, in my opinion; valuation, on the other hand, is more difficult. […]
$TXN #TexasInstruments #Nasdaq #USA #Stock #Markets Texas Instruments (TXN) came out with quarterly earnings of $1.48 per share. This compares to earnings of $1.29 per share a year past. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 68.18%. A quarter ago, it was expected that this chipmaker would […]
$TSLA #Tesla #USA #Nasdaq #Stocks #Markets #ElonMusk Elon Musk has gained an additional 1.69 million stock options thanks to Tesla’s average trailing market value being above $150 billion over six months. While the CEO reportedly needs to wait five years before selling those shares, they presently have a value of around $2.1 billion. Tesla is […]
#RTD #beverages #healthy #water #markets #sells #distributes $NBEV New Age Beverages Corp. (NASDAQ:NBEV) shares closed up 4.8% at 1.74 Monday, a broke out within its 52-wk trading range of 0.98 – 3.98 on huge volume. The company has a $161-M market cap. Tuesday, the stock gaped open and marked 2.99 intra-day settling at 2.74 on […]
$LULU #Lululemon #NASDAQ #USA #Retail #Stocks There are twenty three different analyst targets contributing to that average for Lululemon Athletica Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, as well as one looking for a price of $209.00. and then on the other […]
$BABA #Alibaba #NYSE #USA #China #Stocks #Markets #Trading Alibaba (NYSE:BABA) is benefiting from two powerful bullish trends. Today we’re taking a close look at both, and identifying how you can join the party using Alibaba stock options. When you look at sector performance off the March low, it’s not possible not to notice the leadership […]
EU leaders emerged from a marathon four-day and four-night summit Tuesday to celebrate what they boasted was a historic rescue plan for economies left shattered by the coronavirus epidemic. The 750-billion-euro ($858-billion) deal was sealed after intense negotiation that saw a threats of a French walkout and a Hungarian veto — and fierce opposition from […]
#gold #miners #WallStreet #investors #risk #C19coronavirus #banks #stimulus $NEM $GOLD Last yr precious-metals miners were seen by Wall Street as too leveraged and high-risk for the typical investor, but they raised $2.4-B in secondary equity offerings during Q-2 of this year. That is the most since Y 2013 and 7X more than the funds they […]
#Europe $EURUSD #coronavirus Divided EU leaders will meet again on Monday to try to agree the terms of a huge coronavirus economic rescue package after a night of tense haggling failed to yield a breakthrough. After three days and three nights of talks, the 27 states still cannot settle on the exact size and rules […]
Flowers Foods, Inc. (NYSE:FLO), producer of Nature’s Own, Dave’s Killer Bread, Wonder, Tastykake, and other bakery foods, today announced organizational structure changes designed to increase focus on brand growth, product innovation, and improving cake business operations. The changes, effective July 17, 2020, include the following actions: The consolidation of the company’s Fresh Packaged Bread business unit […]
$DJI #DowJones #Markets #Trading Last week the NASDAQ blew the doors off its counterparts with a jump of 4%, but this week it was the only major index to finish in the red. The Dow had the best performance over the past five days by advancing 2.3%, thanks to vaccine hopes and the beginning of […]
Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, today announced that it has received emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA) to use specimen pooling with its proprietary molecular diagnostic test for COVID-19. Quest is the first lab provider to receive FDA authorization for the technique […]
#NET #cash #cloud #technology #healthcare #financialservices #consumer #retail #non-profits #industries #government #IoT $NET Cloudflare Inc. (NYSE:NET) broke at on 17 March at 18.69, and has continued North through the C-19 coronavirus chaos. The shares ended trading Friday at 37.02 Vs a 52 wk high at 42.60. I am calling it a Buy in here on […]
Maoyan Entertainment (“Maoyan” or “the Company”) (Hong Kong: 1896), a leading platform providing innovative Internet-empowered entertainment services in China, has teamed up with online entertainment service provider iQIYI and China’s leading social media platform Weibo to jointly release a report on China’s movie market for the first half of 2020. The report draws from various […]
Germany’s Chancellor Angela Merkel warned that EU leaders may fail to reach an agreement on Sunday on a huge post-virus recovery plan for the shattered European economy. Arriving for the third and what she said was probably the “decisive” day of an extraordinary European summit, Merkel said the 27 leaders had “many positions” on the […]
Trends Exchange reports that the global events Industry is up against its greatest test since the Great Recession and will rely heavily on making the tough transition toward virtual events in order to survive. According to Oxford Economics and Events Industry Council, the event planning business generates $325 billion of direct spending in the USA and helps […]
#mortgage #homebuilding #retail #sales #Fed #QE #bonds #market #stimulus #economy $DIA $SPY $QQQ $RUTX $VXX $SPSIHO The S&P 500 Homebuilding Index (SPSIHO), which includes Lennar Corp.(NYSE:LEN), DR Horton Inc.(NYSE:DHI), and PulteGroup Inc.(NYSE:PHM), gained 2.4% Thursday. The index is up nearly 9% YTD, compared with a 0.05% decline in the broad S&P 500 overall. US 30-year […]
Hong Kong carrier Cathay Pacific issued a profit warning on Friday, estimating it will suffer a historic loss of HK$9.9 billion (US$1.3 billion) in the first half of 2020 as it reels from the coronavirus pandemic. “The Group will record a net loss attributable to shareholders of approximately HK$9.9 billion, which compares to a net […]
F.N.B. Corporation (NYSE:FNB) reported earnings for the second quarter of 2020 with net income available to common stockholders of $81.6 million, or $0.25 per diluted common share. Comparatively, first quarter of 2020 net income available to common shareholders totaled $45.4 million, or $0.14 per diluted common share, and second quarter of 2019 net income available […]
We do not think it is time to buy just yet but we are getting close to that point. Data remains mixed but it is clear the FED will produce the mother of all bailouts if need be in the very near future. The US economy showed signs of life nationwide last month, but has […]
$AUD #FX #Australian #Dollar #USD #Curreny #Trading U.S. dollar is on the defensive once more early Wednesday, particularly against other growth-leveraged currencies such as the Australian dollar, following an uptick in U.S. inflation. The dollar is extending losses on Wednesday after the U.S. government reported the previous session that consumer inflation rebounded 0.6% month-on-month, the […]
#Infosys $INFY #INDIA Indian software giant Infosys reported an 11.4 percent rise in quarterly net profits Wednesday, winning valuable client deals in Western markets despite coronavirus-led disruptions. The Bangalore-headquartered firm posted a net profit of 42.33 billion rupees ($563.8 million) for the quarter ended June 30, an increase from the 37.98 billion rupees recorded a […]
$GS #CORONAVIRUS #GOLDMANSACHS A blowout performance in trading and underwriting lifted Goldman Sachs’ revenues in the second quarter as it reported flat earnings compared with the year-ago period. Profits came in at $2.2 billion, translating into $6.26 per share, much better than the $3.78 expected by analysts. Revenues surged 41 percent to $13.3 billion. Goldman’s […]
$AUD #FX #Currency #AustralianDollar #Markets The Australian dollar United States dollar exchange rate is advancing on Tuesday, paring losses from the previous session. At 14:30 UTC, AUD/USD trades +0.4% at US$0.6963. this is towards the upper end of the daily traded range. Stronger than expected Chinese trade data is helping to underpin the Australian dollar, […]
Large US banks have set aside billions of dollars in additional reserves for bad loans, according to earnings reports Tuesday that underscored the weakening economic outlook due to the coronavirus pandemic. Even amid gradual signs of a rebound as businesses reopen, the measures to contain COVID-19 have caused a devastating hit and millions of lost […]
Britain’s coronavirus-ravaged economy slumped almost one-fifth during the country’s lockdown and remained set for its sharpest decline in annual output for 300 years, official data showed Tuesday. The Office for National Statistics (ONS) said gross domestic product plunged 19.1 percent in the three months to the end of May “as government restrictions on movement dramatically […]
Overall the data is a positive sign the USA is rebounding but it may add to the imbalance between Fed policy and reality. Consumer inflation jumped in June as the US economy began to partially reopen, rising 0.6 percent on a rebound in gasoline prices, the Labor Department reported Tuesday. The spike came after three […]
A faster-than-expected pace of recovery in the second quarter contributed to an improvement in expectations for full-year 2020 economic growth, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Despite the recent resurgence in COVID-19 cases – and the potential for localized measures that may slow otherwise […]
$F $TSLA $GM Key takeaways Enticing shell-shocked U.S. consumers into the new vehicle market post-recession will be hard-fought as 37% of U.S. respondents are delaying large purchases. Nearly half of U.S. consumers (47%) plan to keep their current vehicles longer. There is increased consumer anxiety around shared mobility options with 56% planning to limit the […]
June quarter 2020 GAAP pre-tax loss of $7.0 billion and loss per share of $9.01 on total revenue of $1.5 billion June quarter 2020 adjusted pre-tax loss of $3.9 billion and adjusted loss per share of $4.43 on adjusted revenue of $1.2 billion Delta ended the June quarter 2020 with $15.7 billion in liquidity Delta […]
Swatch, the world’s top watch company, said Tuesday its sales were nearly halved in the first half of the year due to coronavirus lockdowns, but that it has already returned to profitable operations. The Swiss-based group whose brands also include Omega, Longines and Tissot, said sales plunged by 46.1 percent in the first half of […]
$BABA $SOHU #CHINA China has seen plenty of bad news but the Economy is set for a rapid rebound Chinese trade enjoyed surprise growth in June as the world slowly emerges from economy-strangling lockdowns, though officials warned of headwinds for recovery owing to the spread of the pandemic. The figures come days before the release […]
#Wesco #America #infrastructure #supplychain #industrial #construction $WCC Wesco looks to be a very solid play for investors looking at the coming US infrastructure build-out. Wesco International Inc. (NYSE:WCC) is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government markets. The company is […]
$AUD #FX #Currency #Australian #Dollar $AUDUSD The Australian dollar versus the United States dollar currency pair appears to have some trouble heading towards the north. Is this a sign of a bearish comeback? Long-term perspective The appreciation that started from the 0.7501 low, after the level of 0.5516 was validated as support, managed to pass […]
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.95% month over month in June. This brought the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index. Manheim Market Report (MMR) prices improved over the four full weeks of June, […]
Royal Caribbean Group (NYSE: RCL) has purchased the remaining shares of Silversea Cruises, a pioneer and leader in ultra-luxury and expedition cruising. The move to full ownership comes two years after Royal Caribbean Group acquired a two-thirds share of the cruise line in July 2018. “Silversea has been a great fit for our company from […]
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai has launched its third stimulus package to ease the impact of the COVID-19 crisis on businesses. Worth AED1.5 billion, the new package raises the value of business incentives introduced by […]