Stock Market

Koninklijke Philips (PHG) has reported its second-quarter earnings results with a Q2 net profit of 208 million euros beating Street estimates by 116 million euros. Shares in Philips traded 6% higher in Monday’s pre-market following the announcement. The Dutch medical-technology company stated that second-quarter sales fell to EUR 4.40 billion from EUR4.67 billion a year,

by Martin Armstrong The reason there is a shortage of cash developing around the world is rather straight-forward. The trust in the government is collapsing. Italy has just lowered the legal amount someone can pay for anything in cash from €3000 to €2000. Australia made it a criminal act to pay for anything with A$10,000

Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy

Quest Diagnostics (DGX) has received emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA) to use specimen pooling with its molecular diagnostic test for COVID-19. Quest is the first lab provider to receive FDA authorization for the technique for COVID-19 testing in the United States.   In pooling, specimens must still be collected

by Michael Snyder It is during moments of great crisis that we find out who we really are, and that is why the governmental response to the COVID-19 pandemic has been so heartbreaking.  Instead of rallying around our founding principles, Democrats and Republicans have both gravitated toward “solutions” that are in the exact opposite direction. 

EBay Inc. (EBAY) reportedly prefers to keep a stake in the classified advertising unit it’s selling, reducing the odds that Prosus NV will win the hotly-contested auction. The decision made at a board meeting on Friday gives a surprise likelihood to a bid from Norwegian online marketplace Adevinta ASA, which offered a mix of cash

A Joe Biden presidency wouldn’t just be a win for the Democrats, it would be a win for managed care organizations (MCOs). Back in March, the former Vice President’s strong showing on Super Tuesday fueled a rally from large health insurance stocks. Why?  It came down to Senator Bernie Sanders’ proposed Medicare for All program

Shares in Nikola Corp. (NKLA) plunged almost 15% in extended market trading on Friday as the maker of hydrogen-fueled vehicles filed an offering to sell 23.9 million shares of common stock. The stock dropped to $41.78 in after-market trading on Friday. According to the SEC filing, the 23,9 million shares of common stock are issuable

from Mining Stock Education Adrian Day of Adrian Day Asset Management is a seasoned investor, speaker, author, and adviser. In this interview, Adrian shares concerning gold stocks that “the risk in a bull market is tilted towards missing out rather than overpaying.” Thus, gold investors need to be willing to pay up for quality gold stocks. He provides

The viral outbreak might be having a ruinous effect on a host of industries, but it is no secret some have thrived in these conditions. Hardly any more so e-commerce platform Shopify (SHOP). Shares are up by 133% year-to date, although to be fair, it’s not as if Shopify needed a helping hand before the

Any risk-tolerant investor will be hard pressed to find a penny stock that better embodies the description than Greek oil tanker operator Top Ships (TOPS). Shares are going for $0.11 apiece, after a multi-year ride to the bottom. In 2020 alone, the stock is down by 86% so far. Adding insult to injury, the only

A view of Moderna headquarters on May 08, 2020 in Cambridge, Massachusetts. Moderna was given FDA approval to continue to phase 2 of Coronavirus (COVID-19) vaccine trials with 600 participants. Maddie Meyer | Getty Images Check out the companies making headlines in midday trading.  Moderna — Moderna shares jumped 10% after the data released by

Devin Nunes and John Solomon appear on Fox News to discuss the latest release from the Senate Judiciary Committee that outlines intentional fraud by various DOJ and FBI officials to manufacture FISA surveillance against the Trump campaign/administration. As Mr. Nunes outlines, the time for indictments is now here. The evidence is overwhelming.   Information without

After an extended period of outsized gains, it appears the Amazon (AMZN) rally is pausing for a breather. This week, Amazon shares have ended each session in the red. However, ahead of Amazon’s 2Q earnings next week (Thursday, July 23), Stifel analyst Scott Devitt suggests investors pull the trigger on the e-commerce giant’s stock, as

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading.  Netflix — Shares of the streaming video giant fell 6.5% after company missed earnings estimates gave guidance

by: Mike Adams (Natural News) There’s no question that elements of the coronavirus pandemic are being wildly exaggerated by mostly left-leaning mayors, governors and media pundits in order to punish America with economically destructive lockdowns (all in the hope of removing Trump from office, it turns out). We’ve even documented one of the most egregious

Vaccine-maker Novavax (NVAX) is a $6.5 billion company with only $18 million in trailing sales and no profits whatsoever — but “thanks” to the novel coronavirus, that could soon change. Indeed, in one analyst’s view, as little as a year from now, vaccinating patients against COVID-19 could turn out to be a billion-dollar business for

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | Reuters Investors are braced for a barrage of earnings news, and the debate in Washington around the next stimulus package may also be an important catalyst for markets since it has implications for

by Dana Lyons The CBOE’s Equity Put:Call Ratio just registered the lowest reading on record. Sentiment indicators can provide insight into the overall level of bullishness (i.e., greed, complacency, etc.) or bearishness (i.e., fear) in the market at a given time. When sentiment reaches an extreme in one direction or the other, the market becomes more

Another earnings season has arrived, and this time the bar is set seriously low. The upcoming reports will shed some light on the extent of the damage inflicted by COVID-19. Expectations are low, and while there’s plenty of room for disappointments, Oppenheimer’s Chief Investment Strategist John Stoltzfus believes that there’s also an opportunity for some

by Michael Snyder Week after week we continue to get economic numbers that are absolutely horrific, and it appears that we are heading for a housing crisis that will be even worse than what we witnessed in 2008.  Back then, millions of Americans lost their homes, but this time around it could be tens of

Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue and subscriber additions were above estimates. Projected subscriber additions for the current quarter of 2.5

Tencent Holdings Ltd. (TCEHY) has launched tools to facilitate virtual shops for merchants on its WeChat messaging service in China.  The rollout of the new tool will easily allow merchants to directly add e-commerce extensions to WeChat with no external development needed. The ‘Minishop’ will provide transaction statistics, services for order management, and other information

People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items. Stephanie Keith | Getty Images Consumers went shopping in June,

by visualcapitalist Delinquency rates across commercial properties have shot up faster than at any other time. As thousands of restaurants, hotels, and local businesses in the U.S. struggle to stay open, delinquency rates across commercial mortgage-backed securities (CMBS)—fixed income investments backed by a pool of commercial mortgages— have tripled in three months to 10.32%. In just

Uber Technologies Inc. (UBER) on Thursday announced the acquisition of public transportation software provider Routematch, in a move to boost its public transit business. The financial terms of the deal weren’t disclosed. The ride-hailing company said it is buying Routematch to support cities in offering more accessible public transportation. Atlanta-based Routematch provides technology to more than

A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images Check out the companies making headlines after the bell:  Netflix — Shares of the streaming service plummeted 10% in extended trading after releasing its second-quarter financial results. Netflix reported

by Claudio Grass via Claudiograss.ch As the dust is now begging to settle, both from the heights of the COVID panic and from the riots that shook the western world, we are starting to get an idea about where we stand after this unprecedented and tumultuous time. We are able to begin taking stock of the damage that

Out on the Street, focus has landed squarely on a new stimulus package that may be announced as soon as next week. Congress is working on another COVID-19 aid package on top of the $3 trillion already pumped into the economy to mitigate the pandemic’s negative impact, but investors are wondering how the government is

by CisSiberianOrchestra Spoiler: This hack shows it was never an “algorithm” and was in fact all controlled though an admin panel.t.co/iDYZ8jnlER — Richard Lewis (@RLewisReports) July 16, 2020 BREAKING: Alleged leaked pictures from the Twitter admin control panel that was compromised showcase the buttons ‘Trends Blacklist’ and ‘Search Blacklist’, indicating Twitter DOES have the ability