Stock Pick

Category: Stock Market

  • The Segway retires after a wobbly two decades

    The Segway retires after a wobbly two decadesProduction of the iconic and oft-ridiculed Segway personal transporter will cease on July 15, 2020.

    from Yahoo Finance https://ift.tt/31hns31

  • ‘A scary number’ of retail companies are facing bankruptcy amid the coronavirus pandemic

    'A scary number' of retail companies are facing bankruptcy amid the coronavirus pandemicThe retail sector in America continues to fall apart.

    from Yahoo Finance https://ift.tt/37WZWK0

  • The harsh reasons behind GNC’s and J.C. Penney’s death

    The harsh reasons behind GNC's and J.C. Penney's deathAnother retailer has bitten the dust. Here's why a storied name such as GNC has filed for bankruptcy.

    from Yahoo Finance https://ift.tt/2Z8fxSO

  • ‘Fast food with store fronts are going to be challenged,’ McDonald’s closes its Times Square flagship restaurant

    'Fast food with store fronts are going to be challenged,' McDonald's closes its Times Square flagship restaurantYahoo Finance’s Alexis Christoforous and Brian Sozzi discuss what’s moving the markets on Wednesday with Noah Hamman, AdvisorShares CEO.

    from Yahoo Finance https://ift.tt/3eyeour

  • Hertz Could Sell Inventory to CarMax, AutoNation, Jefferies Says

    Hertz Could Sell Inventory to CarMax, AutoNation, Jefferies Says(Bloomberg) — Hertz Global Holdings Inc. could flip its roughly 150,000-car inventory as it looks to stay afloat after filing for bankruptcy last month, according to analysts at Jefferies.Channel checks suggest used-car firms like CarMax Inc. and AutoNation Inc. could be among those eyeing Hertz in bankruptcy amid a rise in demand for used cars, analysts led by Hamzah Mazari and Bret Jordan wrote in a note to clients. The move could help ease some pressure for Hertz, as a sale of its used-car fleet would shore up some cash concerns and could fetch about $3 billion, the analysts said.Shares of Hertz, which have drawn particular interest from small-time investors, rallied as much as 32% on the speculation Wednesday. The bankrupt car renter’s stock surged roughly tenfold to top $5.50 a piece earlier this month, before sliding back toward record lows.Another less probable option for the company would be to see if car dealerships see value in Hertz’s more than 10,000 global branch locations, according to Jefferies. The picking off of storefronts and lots could boost the footprints for CarMax and AutoNation, which have hundreds of locations in the U.S.The longer it takes for Hertz to re-emerge from bankruptcy with a cleaner structure, the more opportunity there is for rivals to snag additional market share, the analysts said. With bankruptcies typically lasting between six months and two years, Jefferies expects Hertz’s path forward to be toward the longer end of that range.Hertz shares have cratered more than 90% from a February peak even with the recent attention from retail investors. The Estero, Florida-based company canceled an effort to raise cash by selling shares last week after U.S. regulators questioned its unusual attempt to pay off creditors.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    from Yahoo Finance https://ift.tt/388M7bH

  • What to Do with American Airlines Group (AAL) Stock Right Now?

    What to Do with American Airlines Group (AAL) Stock Right Now?Value Investor Insight is an investment newsletter created by money manager Whitney Tilson and John Heins. Value Investor Insight aims to deliver the highest-quality investment ideas, analysis, and insight to the just-starting-out investor and sophisticated investors. At the core of Value Investor Insight is the philosophy of the true value investor: buy something only for […]

    from Yahoo Finance https://ift.tt/31dZw0E

  • U.S. crude stockpiles hit record high for a third week, gasoline demand jumps – EIA

    U.S. crude stockpiles hit record high for a third week, gasoline demand jumps - EIACrude inventories rose by 1.4 million barrels in the week to June 19 to 540.7 million barrels, the EIA said. Crude inventories also hit another record high on the Gulf Coast, where the bulk of the nation’s refining capacity is located. U.S. crude futures dropped 3.8%, or $1.54, to $38.83 a barrel by 10:48 a.m. ET (1448 GMT), while Brent was down 3.9%, or $1.67, at $40.96 a barrel.

    from Yahoo Finance https://ift.tt/2VeTkkY

  • Dell VMware Spinoff Debated by Street as Real or ‘Head Fake’

    from Yahoo Finance https://ift.tt/3fQAGI4

  • Nasdaq Sends Second Delisting Notice to Luckin Coffee, Shares Sink

    Nasdaq Sends Second Delisting Notice to Luckin Coffee, Shares SinkLuckin Coffee Inc announced that the Nasdaq has sent a de-listing notice to the company after it missed to file its annual financial report, dragging down its share about 85% since April.

    from Yahoo Finance https://ift.tt/2CDuOUn

  • U.S. probes touchscreen failures in Tesla Model S cars

    U.S. probes touchscreen failures in Tesla Model S carsThe U.S. National Highway Traffic Safety Administration (NHTSA) said Tuesday it had opened an investigation into 63,000 Tesla Model S cars after reports of media control unit failures that led to loss of the use of a touchscreen. The complaints said the media control unit failures allegedly fails prematurely due to memory wear-out. NHTSA said Tesla used the same unit in 159,000 2012-2018 Model S and 2016-2018 Model X vehicles built by Tesla through early-2018.

    from Yahoo Finance https://ift.tt/2Vff4xd