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Oil Holds Gains After Report Points to Shrinking U.S. Stockpiles, , on October 15, 2020 at 6:53 am
(Bloomberg) -- Oil held gains near $41 a barrel after an industry report pointed to a sharper-than-expected drop in American crude stockpiles.Futures in New York edged lower after gaining 2.1% Wednesday. U.S. inventories fell by 5.42 million barrels last week, the...
TSMC Raises 2020 Sales Outlook After Profit Smashes Estimates, , on October 15, 2020 at 6:31 am
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. raised its full-year revenue forecast again after posting a stronger-than-expected 36% increase in profit, buoyed by orders from Apple Inc. ahead of the new iPhones.The world’s largest contract chipmaker now...
The Red Sox and Liverpool Are Smart to Ride the SPAC Wave, , on October 15, 2020 at 6:03 am
(Bloomberg Opinion) -- The playbook for making sports teams more valuable is, in theory, quite straightforward: Invest adequately in the playing squad, improve commercial revenue with better stadiums and expanded merchandising, and bank on broadcasting rights becoming...
Wells Fargo Sinks 6% On 3Q Profit Miss; Analyst Says Sell, , on October 15, 2020 at 6:00 am
Shares of Wells Fargo & Co. fell 6% on Wednesday after the bank reported lower-than-expected 3Q earnings of $0.42 per share, compared to analysts’ expectations of $0.44 per share. In the prior-year period the firm reported EPS of $0.92 per share.Wells Fargo’s...
TSMC third-quarter profit surges 36%, well ahead of market forecasts, , on October 15, 2020 at 5:54 am
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 36% jump in quarterly net profit, boosted by robust demand for products requiring high-end chips and as Apple Inc readies a new iPhone. July-September net profit for the world's largest contract chipmaker...
Taobao Taiwan shuts e-commerce site as government questions Chinese ownership, , on October 15, 2020 at 5:50 am
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Fastly Sinks 26% On Trimmed 3Q Sales Outlook; Shares Up 514% YTD, , on October 15, 2020 at 5:46 am
Shares of Fastly plunged 26.5% in Wednesday's extended trading session after the cloud computing company trimmed its 3Q sales forecast. It now expects its 3Q revenues to be $70 million to $71 million, down from its earlier guidance range of $73.5 million to $75.5...
Roche confirms 2020 outlook as COVID-19 diagnostics surge, , on October 15, 2020 at 5:44 am
The frantic global effort to test people for COVID-19 pushed Roche's diagnostics division to record revenue, helping the Swiss drugmaker offset declining drug sales and keeping it on track to meet full-year 2020 targets. Sales of diagnostics including tests for the...
Palo Alto or CrowdStrike: Which Cybersecurity Stock Is A Safer Bet?, , on October 15, 2020 at 5:40 am
Rapid digitization and the work from home trend amid the pandemic has made users and organizations more vulnerable to cyber-attacks. The demand for cybersecurity solutions, especially cloud-based security, is rising as individuals and enterprises want to protect...
Gold eases on buoyant dollar as U.S. stimulus bets fade, , on October 15, 2020 at 4:23 am
Spot gold fell 0.2% to $1,897.47 per ounce by 0620 GMT, after rising as much as 1.2% on Wednesday. U.S. gold futures were down 0.3% at $1,901.50 per ounce. "The (gold) market is still treading water waiting for further clarity on what stimulus package may be needed in...
Dollar Edges Higher; Sterling Expects Brexit Progress, , on October 15, 2020 at 2:55 am
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Digital Turbine Inc (APPS): Hedge Funds Taking Some Chips Off The Table, , on October 15, 2020 at 2:53 am
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...
Hedge Funds Are Piling Into Novavax, Inc. (NVAX), , on October 15, 2020 at 2:36 am
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...
CBL & Associates Properties, Inc. (CBL): So Many Hedge Funds In This Tiny Stock, , on October 15, 2020 at 2:34 am
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June...
CBL & Associates Properties, Inc. (CBL): So Many Hedge Funds In This Tiny Stock, , on October 15, 2020 at 2:34 am
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June...
Hedge Funds Are Dipping Their Toes Back Into Clovis Oncology Inc (CLVS), , on October 15, 2020 at 2:15 am
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required...
Huawei Besieged on New European Front After U.S. Targets Cloud, , on October 15, 2020 at 1:59 am
(Bloomberg) -- Huawei Technologies Co., already getting squeezed out of Europe’s vast market for the next generation of telecom equipment, is under siege in another fast-growing business: cloud computing.U.S. officials have been lobbying European lawmakers and...
Micron Stock Reaching an Inflection Point; Analyst Says ‘Buy’, , on October 15, 2020 at 1:12 am
In what has been a successful year for the semiconductor sector, Micron (MU) can be considered almost an outlier. While the coronavirus has acted as a springboard for many chipmakers, Micron has struggled in the face of lower enterprise demand, reduced IT spending and...
Facebook, Twitter Restrictions on Biden Article Infuriate Trump, , on October 15, 2020 at 12:41 am
(Bloomberg) -- President Donald Trump and his political allies reacted with fury after Facebook Inc. and Twitter Inc. on Wednesday restricted a New York Post article linking Joe Biden and his son Hunter to a Ukrainian energy company that figured in the impeachment...
Tesla’s Sky-High Valuation is Unjustified, Says Analyst, , on October 15, 2020 at 12:31 am
When it comes to Tesla (TSLA), valuation is an unfashionable metric. For the electric car maker, there has been a major disconnect between the fundamentals and the valuation, and now, one analyst is getting to the bottom of it.Needham’s Rajvindra Gill tells clients he...
In Spite of Everything, One Analyst Still Likes These 3 Airline Stocks, , on October 15, 2020 at 12:00 am
Airline earnings season kicked off with a bang, not a whimper, Tuesday morning -- but unfortunately, not the good kind of "bang." Industry leader Delta Air Lines (DAL) reported exploding losses of $3.30-per-share loss (analysts were only expecting $3, even), despite...
3 “Perfect 10” Stocks That Could Surge Into 2021, , on October 14, 2020 at 11:17 pm
The markets have shown some ups and downs in recent sessions, but their general trend right now is upward. There may be several factors behind this; investors may be less nervous about the upcoming national election, as the polls continue to show a wide lead for...
A 7-Seater Tesla Model Y Is Coming Soon, Musk Says, , on October 14, 2020 at 10:28 pm
When Tesla Inc (NASDAQ: TSLA) announced the Model Y, it came in several versions, including a seven-seater and a standard range version. Since then, the standard range version has been canceled -- leaving doubts that the seven-seat option would ever come.It remains...
Stock market news live updates: Stock futures open mixed after second day of selling, , on October 14, 2020 at 10:14 pm
Stock futures struggled for direction Wednesday evening as investors considered fast-dimming prospects for fiscal stimulus before the election and a lukewarm batch of corporate earnings results. More quarterly reports are due out Thursday morning, along with the Labor...
Wells Fargo fires over 100 employees for COVID-19 relief fund misuse: source, , on October 14, 2020 at 9:55 pm
The bank believes some of its staffers made "false representations in applying for coronavirus relief funds for themselves", defrauding the U.S. Small Business Administration, David Galloreese, head of Human Resources, said in an internal memo seen by Reuters. The...
Berkshire Hathaway Claims Law Firm Aided $756 Million Fraud, , on October 14, 2020 at 9:50 pm
(Bloomberg) -- A unit of Warren Buffett’s Berkshire Hathaway Inc. claims a top international law firm helped German piping component maker Wilhelm Schulz GmbH fraudulently conceal its disastrous finances before its 2017 acquisition by the U.S. company.Berkshire unit...
Zoom Wants to Partner With, Not Defeat, Slack and Microsoft, , on October 14, 2020 at 9:48 pm
(Bloomberg) -- Zoom Video Communications Inc. Chief Executive Officer Eric Yuan said the company will do a better job integrating office chatroom products from Slack Technologies Inc. and Microsoft Corp., betting that cooperation is better than competition for the...
13 Stocks Moving In Wednesday's After-Hours Session, , on October 14, 2020 at 9:19 pm
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13 Stocks Moving In Wednesday’s After-Hours Session, , on October 14, 2020 at 9:19 pm
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Airlines could see a 'v-shaped' recovery: analyst, , on October 14, 2020 at 9:06 pm
Third Bridge Global Sector Lead Peter McNally joins The Final Round to break down his thoughts on United Airlines’ quarterly earnings and his thoughts on the broader, struggling airline industry., Third Bridge Global Sector Lead Peter McNally joins The Final Round to...
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