Check out the companies making headlines before the bell: Johnson & Johnson (JNJ) – The medical-device and drug maker reported adjusted quarterly earnings of $2.20 per share, beating the consensus estimate of $1.98, with revenue also coming in above consensus. Johnson & Johnson said a faster-than-expected recovery in procedures using its medical devices was among
Stock Market
by Ian56 Latest Covid updates for Europe. Fake pandemic, fake crisis on deliberately manufactured false numbers. September and early October increase in positive tests is over. UK: 13,972 official number of positive tests or one third of Vallance and Whitty’s fraudulent projections from September 23. Official number of deaths “with” covid remain very low at
Third quarter earnings are right around the corner, so get ready for a steady stream of news, analysis, and opinion. Every publicly traded company in the market will release, over the next several weeks, Q3 financial results, and investors will be watching closely to see what they say. There is an interesting point that has
The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer
by confoundedinterest17 Gold’s rally is showing signs of a revival. The spot metal has posted two straight weekly gains, and at least one technical signal is pointing to further increases. Bullion’s moving average convergence-divergence indicator, a gauge of price momentum, crossed above the so-called signal line last week for the first time since early August in a bullish sign for
Nestlé S.A. has announced that its wholly-owned subsidiary, SPN Merger Sub, has now bought all of the outstanding shares of food-allergy specialist Aimmune Therapeutics. Nestle said that it has completed the cash tender offer to buy all of the outstanding shares of Aimmune (AIMT), it doesn’t already own at $34.50 per share in cash. Aimmune shares
The big banks start off third quarter earnings season, and investors will be most focused on guidance to see if earnings can propel the market back to its highs. The S&P 500 closed at 3,534 Monday, about 1.5% from its previous high. Banking bellwether JPMorgan reports Tuesday morning, as do Citigroup and BlackRock. Delta Airlines
by Michael Snyder There was a time when preppers were relentlessly mocked, but nobody is laughing now. Today, most Americans are thinking about stockpiling food, and this massive shift in our national mindset has been sparked by concern about what is going to happen in the months ahead. Many Americans believe that another wave of
October is the month of tricks or treats, and Roku (ROKU) investors are hoping for more of the latter. Roku shares are up 17% this month, and according to the Street’s biggest fan, there’s more upside on the way. Needham analyst Laura Martin raised her price target from $190 to a Street high of $255, suggesting
Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California. ROBYN BECK | AFP | Getty Images Check out the companies making headlines after the bell: Disney — Shares of the media giant rallied more than 4% in after hours trading on
by DCG In April, I did a blog post entitled, “When you prepare for something that is not coming, you just may destroy yourself.” Many of us “non-experts” questioned the rationale for shutting down economies in order to “flatten the curve” of a virus. Social media platforms silenced many who also questioned the rationale of lockdowns. Remember
Bandwidth has signed a definitive agreement to snap up Voxbone for an enterprise value of €446 million ($527 million) in a move to take a larger share in the transformation of enterprise cloud communications. Shares are advancing 3.9%. Bandwidth (BAND) said that the deal value translates into a multiple of approximately 6 times anticipated Voxbone
by Lance Roberts Economists have come up with every variation of applying a letter of the alphabet to the economic recovery. Whether it’s an “L,” a “W” or a “V,” there is a letter that suits your view. But what is a “K”-shaped recovery? Take a closer look at the letter “K.” It’s a “V” on the top, and an
Check out the companies making headlines midday Monday: Dillard’s — Shares of the retailer surged more than 32% after one of Warren Buffett’s top lieutenants revealed a stake in the company. Ted Weschler’s stake is over 1 million shares, or about 5.89% of the outstanding stock, according to a securities filing. Twitter — Twitter shares
Johnson & Johnson said Monday that its Tremfya drug induced clinical and endoscopic improvements in adult patients with moderately to severely active Crohn’s disease (CD). The Phase 2 interim data from J&J’s (JNJ) study demonstrated that patients at 12 weeks of treatment with Tremfya, showed significantly greater improvements compared to placebo treatment across key clinical and
by Martin Armstrong Dr. David Nabarro, Britain’s envoy to the World Health Organisation (W.H.O.) has contradicted the WHO and his own Boris Johnson. Nabarro has condemned mass coronavirus lockdowns calling them the “ghastly global catastrophe” which has caused the unprecedented crash of the world economy. Nabarro has correctly appealed to world leaders this past weekend telling them
Total SA is leading an investment round into US fuel-cell truck maker Hyzon Motors as part of the French energy company’s target to reach net-zero emissions by 2050. Total (TOT) said that the strategic investment is made by its European venture arm Total Carbon Neutrality Ventures and other specialist hydrogen investors, including Ascent Hydrogen Fund,
via axios: Democrats are so convinced that New York Gov. Andrew Cuomo could be considered for Joe Biden’s attorney general that aides at the National Governors Association, which Cuomo chairs, are looking into contingencies for replacing him, two sources familiar with the situation tell Axios. What we’re hearing: Some Democratic donors in Cuomo’s orbit tell Axios that
US state prosecutors are weighing whether to force Google to sell its dominant Chrome browser and parts of its lucrative advertising business as they are investigating the search giant for alleged antitrust violations, Politico reported. The US Justice Department and state prosecutors investigating Google (GOOGL) are considering the possibility as they are gearing up for
by Ian56 86% of UK positive PCR tests between April and June displayed no symptoms. Because they had insufficient viral load to be infectious, or they had been exposed to the virus but had now recovered and were immune, or because it was a false positive from a procedural / lab error or other cause.
The coronavirus pandemic has crushed many industries but has favorably impacted work-at-home tech stocks due to the accelerated need for digitization and remote services and solutions during the crisis. The rapid shift to stay-at-home and learn-from-home trends coupled with a rise in internet usage has boosted demand for laptops, tablets and cloud services since the
Vaccine specialist and COVID-19 antagonist Moderna (MRNA) had a busy Thursday, issuing press releases and holding conference calls to discuss what it had said in the press releases already. Three major subjects for discussion were covered over the course of the day, and in a note updating investors on its opinion of Moderna, JPMorgan analyst
Summary What is already known about this topic? Communities have faced mental health challenges related to COVID-19–associated morbidity, mortality, and mitigation activities. What is added by this report? During June 24–30, 2020, U.S. adults reported considerably elevated adverse mental health conditions associated with COVID-19. Younger adults, racial/ethnic minorities, essential workers, and unpaid adult caregivers reported
It is well known by now that Amazon (AMZN) has benefited immensely from COVID-19, drawing in new customers who prior to the viral outbreak had no experience of the e-commerce world. However, with the outsized demand has come the need to increase the workforce. Before the summer, Amazon hired an additional 100,000 workers and last
Momentum appears to be firmly in Roku’s (ROKU) favor right now. The OTT leader’s stock closed the week at an all-time-high, and one analyst once again raised his bull-case price target for the stock. Deutsche Bank analyst Jeffrey Rand reiterated a Buy rating on Roku shares and increased the price target from $185 to $235.
They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and come with me into the past and present of monetary policy – to determine the future
Take a look at some of the biggest movers in the premarket: Xilinx (XLNX) – Advanced Micro Devices (AMD) is in advanced talks to buy the specialty chipmaker, according to The Wall Street Journal. People familiar with the matter say such a deal could be worth more than $30 billion, with a transaction possibly coming together
With its stock trading at 52-week high, and up 496% year-to-date, DraftKings (DKNG) has cashed out at the top. On Monday, the sports-betting provider announced it is selling 32 million DKNG shares to raise capital. The company expects to raise over $1.6 billion from the sale with 16 million being sold by DraftKings and the
A woman rides past the New York Stock Exchange (NYSE) on July 13, 2020 at Wall Street in New York City. Johannes Eisele | Getty Images Stock market optimism for a stimulus package has been rising, but the focus swings to earnings and that could be a positive for stocks in the week ahead. JPMorgan,
BY JOHN RUBINO The political and financial worlds were baffled by President Trump’s decision, just hours after being released from the hospital, to suspend coronavirus stimulus bill negotiations “until after the election.” Leaving aside the stupidity of massive new borrowing and spending on top of the past year’s multi-trillions, walking away from those talks seemed like a