Month: August 2020

As you can see in the following chart, the Invesco DB Energy ETF (DBE) has continued trading higher in line with the recovering strength of the energy markets. It is my belief that across the board, energy commodities are going to continue recovering. My primary analysis rests on the underlying fundamentals of the individual commodities
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Find Stocks Likely to Surprise with 70% Accuracy Earnings ESP has proven to be a very valuable tool for investors seeking stocks that are most likely to beat earnings estimates. As indicated earlier, in our extensive 10- year backtest, we found that over the past decade, stocks with a positive Earnings ESP and with a
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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 $2.12
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The US has issued sanctions against 11 senior Chinese and Hong Kong officials, including Hong Kong chief executive Carrie Lam, over Beijing’s imposition of a sweeping national security law on the Asian financial centre. The sanctions mark yet another escalation in Donald Trump’s campaign to clamp down on everything from Chinese trade and economic practices
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Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a
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Check out the companies making headlines after the bell:  Dropbox — The data services company’s stock fell 6% during extended trading despite beating analyst predictions for second-quarter financial results. Dropbox posted earnings of 22 cents per share excluding certain items, which was 5 cents higher than analysts expected, according to Refinitiv. The company recorded revenues of $467
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Ahead of his firm’s NYSE debut Thursday, Dan Gilbert told CNBC that Rocket Companies may make acquisitions to further leverage its mortgage-lending technology.  “We want to use our stock as currency and potentially acquire more fintech organizations and put them in the mold,” said Gilbert, chairman of Rocket Companies, which he founded in 1985.  Rocket Companies
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Tennessee may join a handful of states offering businesses liability protection from employees and others who sue because of contracting the coronavirus that causes COVID-19. Gov. Bill Lee has called a special session of the General Assembly starting Monday to consider legislation that offers limited immunity from liability to businesses, schools, nonprofit organizations, churches, academic
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After using the price-to-book ratio and the Zacks Rank to find value stocks, Tracey Ryniec profiles her top pick: Carnival Corporation (CCL). Carnival Corporation: http://www.zacks.com/stock/quote/CCL?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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Nikola Motor Company Source: Nikola Motor Company Nikola’s entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission. “During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million,
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Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines after the bell:  Roku — Shares of the streaming platform fell 1% after the market closed. Roku reported second-quarter financial results after hours, posting a loss of 35 cents per share on revenues of $356 million, compared to predictions of analysts surveyed by Refinitiv
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Puerto Rico fiscal year 2020 general fund revenues came in 10.7% short of a May 9, 2019, projection but 3.1% ahead of a May 27, 2020, projection. The Puerto Rico Treasury reported the results Wednesday. While the January earthquakes hurt collections, the governor’s order to close much of the economy from March to the present
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For more than two years, Mariam al-Mheiri had been preparing for a crisis. So when aeroplanes stopped flying into the United Arab Emirates as the coronavirus pandemic spread across the Middle East in March, the country’s first food security minister knew what was expected. She had to guarantee that her desert nation, which imports 90
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Written by Nick Ackerman, co-produced by Stanford Chemist Cohen & Steers Infrastructure Fund (UTF) continues to be a strong performer. The fund has rebounded significantly from March’s lows – though, we are yet to make a full recovery. The fund has a manageable distribution rate and continues to pump out cash to shareholders. This fund
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Check out the companies making headlines after the bell:  Disney — Disney’s stock jumped 4% after the closing bell. Disney reported third-quarter financial results that beat analysts’ expectations for earnings but fell short of revenue predictions. Disney posted earnings of 8 cents per share excluding items on revenue of $11.78 billion compared to estimates of a loss
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