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Visa’s deal to buy fintech startup Plaid faces antitrust scrutiny: WSJ, , on October 27, 2020 at 6:17 pm
The Justice Department could decide soon whether it will sue to block the deal, the report said. The Justice Department is also preparing for potential litigation, including lining up witnesses for a trial, according to the WSJ report. Visa and the Department of...
Sony seeing ‘very considerable’ PS5 demand ahead of launch, , on October 27, 2020 at 5:48 pm
Sony Corp is seeing "very considerable" demand for its PlayStation 5 (PS5) console via pre-orders, its gaming chief said on Wednesday, as users rush to secure the next-generation device ahead of its Nov. 12 launch. "The demand as expressed by the level of pre-order...
David Einhorn Says Tech Stocks Are in an ‘Enormous’ Bubble, , on October 27, 2020 at 5:47 pm
(Bloomberg) -- Technology stocks are in an “enormous” bubble, Greenlight Capital’s David Einhorn said in a letter to investors.“Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped,” he wrote in the...
Harley-Davidson Announces New Electric Bicycle Brand, , on October 27, 2020 at 5:45 pm
Many auto companies are making the move to an electric future. Harley-Davidson Inc (NYSE: HOG), the company best known for loud, gas-powered motorcycles, is starting the electric journey in a different category.Harley-Davidson announced its new brand as the Serial 1...
Eli Lilly slumps after earnings miss, paused COVID-19 antibody trial, , on October 27, 2020 at 5:41 pm
Yahoo finance’s Anjalee Khemlani and Zack Guzman break down the latest surrounding Eli Lilly's vaccine trial., Yahoo finance’s Anjalee Khemlani and Zack Guzman break down the latest surrounding Eli Lilly's vaccine trial.,
World’s Biggest ETF Is Losing Cash Faster Than Any of Its Peers, , on October 27, 2020 at 5:26 pm
(Bloomberg) -- The world’s biggest exchange-traded fund is losing cash at a faster pace than any of its peers as investors seek lower fees amid a wave of cost cutting.Traders have yanked $33 billion from SPDR S&P 500 ETF Trust (SPY) so far this year, the most in...
Callaway Climbs After Report That It Will Buy Rest of Topgolf, , on October 27, 2020 at 5:19 pm
(Bloomberg) -- Callaway Golf Co. climbed as much as 8% after the Wall Street Journal reported that it was nearing a deal to buy the remainder of driving-range chain Topgolf Entertainment Group, providing the golf-club giant with a new source of growth.The deal would...
AMD Is Officially Leaving Intel in the Dust, , on October 27, 2020 at 4:58 pm
(Bloomberg Opinion) -- Not only is business booming for Advanced Micro Devices Inc. The chip giant now even has the swagger to pull off a megadeal without breaking a sweat as it extends its lead over rival Intel Corp.AMD on Tuesday posted better-than-expected...
Exact Sciences Soars on $2.15 Billion Deal for Testing Firm, , on October 27, 2020 at 4:44 pm
(Bloomberg) -- Exact Sciences Corp. said it will acquire Thrive Earlier Detection Corp. to gain technology for cancer screening in a deal worth as much as $2.15 billion.The cash and stock agreement will bring closely held Thrive’s CancerSeek technology to Exact...
UK starts real-time review of Moderna’s COVID-19 vaccine candidate, , on October 27, 2020 at 4:36 pm
The company has begun a rolling data submission from its vaccine candidate to UK's Medicines and Healthcare products Regulatory Agency (MHRA) for it to start its independent assessment of evidence as and when it becomes available. Moderna is among the frontrunners in...
Was The Smart Money Right About Arena Pharmaceuticals, Inc. (ARNA)?, , on October 27, 2020 at 4:30 pm
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and...
Were Hedge Funds Right About Roku, Inc. (ROKU)?, , on October 27, 2020 at 4:29 pm
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 (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a...
Exclusive: Chevron to lay off about 25% of Noble Energy employees after merger, , on October 27, 2020 at 4:29 pm
A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off thousands of employees and cutting down on drilling. The job cuts, which are on top of Chevron's plan to reduce 10%-15% of its own workforce, come after the...
Raytheon commercial business hurt by COVID-19, shares fall on weak outlook, , on October 27, 2020 at 4:10 pm
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Harley shines as CEO Zeitz’s turnaround plan boosts profit, , on October 27, 2020 at 4:08 pm
The sharp recovery from the pandemic lows comes as CEO Zeitz looks to recharge the business by shifting the focus back to big bikes and traditional markets like the United States and Europe. Harley also tightened supplies and cut production, driving up prices for...
Why Goodyear Tire & Rubber Co (GT) Stock is a Compelling Investment Case, , on October 27, 2020 at 4:01 pm
White Brook Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 2.23% for the quarter (net of fees), underperforming their benchmark, the S&P 400 Index which returned 4.77% in the same quarter....
Pfizer’s Covid-19 vaccine doesn’t add a ‘tremendous amount’ to the company’s valuation: Analyst, , on October 27, 2020 at 4:00 pm
Navin Jacob - UBS Pharmaceuticals Analyst joins Yahoo Finance’s On The Move panel to deep dive into the latest pharmaceutical earnings reports., Navin Jacob - UBS Pharmaceuticals Analyst joins Yahoo Finance’s On The Move panel to deep dive into the latest...
White House Ditches Pre-Election Stimulus Hope, Sees Weeks to Go, , on October 27, 2020 at 3:51 pm
(Bloomberg) -- The White House on Tuesday appeared resigned to what most observers of the fiscal-stimulus negotiations had long concluded: there won’t be a pre-election package.“We’re confident that we can get something in the coming weeks,” White House spokeswoman...
Tiffany and LVMH discuss price cut to settle deal dispute, , on October 27, 2020 at 3:01 pm
The negotiations were based on a price in the range of $131-$134 for each Tiffany share, against the previous price of $135. Tiffany last month sued the Louis Vuitton owner in a Delaware court, alleging that the French company had been stalling the deal and that it...
Oppenheimer: These 3 Stocks Are Poised to Surge by at Least 60%, , on October 27, 2020 at 2:22 pm
It’s down to the wire. The U.S. Presidential elections are only a week away, and with the polls showing Biden has an edge over President Trump, investors are preparing.Oppenheimer’s Chief Investment Strategist John Stoltzfus points out that last week, stocks churned...
Stocks renew declines, as stimulus may be off the table ahead of the election, , on October 27, 2020 at 2:14 pm
Ed Clissold, Chief U.S. Strategist for Ned Davis Research, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what's moving the markets around Tuesday’s opening bell., Ed Clissold, Chief U.S. Strategist for Ned Davis Research,...
3M, Caterpillar, JetBlue post Q3 earnings, , on October 27, 2020 at 1:53 pm
Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest quarterly earnings reports from 3M, Caterpillar and JetBlue., Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous and...
Resonant (NASDAQ:RESN) Share Prices Have Dropped 44% In The Last Three Years, , on October 27, 2020 at 1:51 pm
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market..., In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...,
Grizzly Research: SPI Energy Is a “Perpetual Pump And Dump Maniac”, , on October 27, 2020 at 1:31 pm
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AMD buys Xilinx in $35B deal, , on October 27, 2020 at 1:24 pm
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre discuss AMD buying rival chipmaker Xilinx in an all-stock deal., Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre discuss AMD buying rival chipmaker Xilinx in an all-stock deal.,
Zeta to Regain Hurricane Strength as it Heads North Toward U.S., , on October 27, 2020 at 1:18 pm
(Bloomberg) -- Zeta will move into the Gulf of Mexico in the next few hours after making landfall on the Yucatan Peninsula, then regain strength as it heads north toward Louisiana and likely comes ashore Wednesday.Now a tropical storm again, Zeta’s winds fell to 70...
Was The Smart Money Right About Embracing VMware, Inc. (VMW)?, , on October 27, 2020 at 1:14 pm
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’...
Do These Hedge Funds Regret Selling Chipotle Mexican Grill, Inc. (CMG)?, , on October 27, 2020 at 1:12 pm
Is Chipotle Mexican Grill, Inc. (NYSE:CMG) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are...
Yes, Tesla Beat Earnings — and Yes, Tesla Stock Is Still a Sell, Says Analyst, , on October 27, 2020 at 1:01 pm
For a day that marked Tesla's (TSLA) fifth straight quarter of reporting positive profits, last week's 0.7% increase in the share price of Tesla stock seemed somewhat underwhelming.Reporting earnings Wednesday night, Tesla closed trading Thursday up only modestly, and...
Harley-Davidson Shares Jump as New CEO’s Turnaround Delivers Revenue Beat, , on October 27, 2020 at 12:27 pm
(Bloomberg) -- Harley-Davidson Inc. shares jumped as much as 13% in premarket trading on better-than-expected profit as Chief Executive Officer Jochen Zeitz’s moves to cut costs and boost margins on a smaller revenue base paid off in the third quarter.The Milwaukee,...
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