Does the June share price for Apple Inc. (NASDAQ:AAPL) reflect what it's really worth? Today, we will estimate the…

from Yahoo Finance https://ift.tt/3fuz6v9

Jun.15 — Haakon Overli, founder of Dawn Capital LLP, discusses the investment themes he’s seeing from the work-from-home environment. He speaks on “Bloomberg Markets: European Open.”

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

[Editor's Note: "Wait For Another Pullback Before Buying AAL Stock" was originally published April 22, 2020. It is regularly updated to include the most relevant information.]Source: GagliardiPhotography / Shutterstock.com Are things looking up for American Airlines (NASDAQ:AAL)? In the midst of the novel coronavirus pandemic, AAL stock cratered from around $30 per share to the single digits. But, as investors bet on a recovery, shares temporarily went parabolic, before pulling back in recent days.It's questionable whether a sudden rebound is possible. With the airline boosting its travel schedule, the company could be making a swifter-than-expected recovery. But, keep in mind the many fleas on this legacy carrier. Even before the pandemic affected air travel.InvestorPlace – Stock Market News, Stock Advice & Trading TipsAs I previously discussed, American Airlines already had a heavy debt load and other operating issues.And despite the company receiving $5.8 billion in payroll support from the $2 trillion CARES Act stimulus package, they could burn through billions more, even as they increase system-wide capacity back to 40% of prior levels.The worst of the coronavirus in America may already be over. But, it could be years before airline stocks like American start rebounding again. With this in mind, this recent enthusiasm may have been too much, too soon.In short, good reason to take the money and run in case shares continue to fall back. And avoid it completely if you haven't yet entered a position. Slow Recovery Means More Bad News for AAL StockThings may be starting to "return to normal." But, don't take that to mean smooth sailing ahead for the U.S. economy. The damage caused by the pandemic and its associated shutdowns could linger on throughout the year. And that's especially the case for the airline industry.Investors may be sending shares higher on a breadcrumb of positive news. But the analyst community doesn't think the game's changed much for the carrier in recent days. JP Morgan's Jamie Baker reiterated his equivalent to a "sell" rating. His rationale? The analyst thinks upcoming earnings projections are too optimistic, given how much of the airline's revenue comes from international flights.Also, don't expect travelers to return to the skies right away. As our own Louis Navellier recently pointed out, the airline industry's "new normal" doesn't look too pretty. Social distancing and safety efforts are going to make air travel unattractive for quite some time.This may explain why industry leaders like Airbus (OTCMKTS:EADSY) CEO Guillaume Faury previously said it could be "three to five years" before the industry fully recovers. With a long road to recovery, it looks even less appealing to buy American stock, as shares go parabolic. Were Recent Bankruptcy Fears an Overreaction?Before shares went parabolic earlier this month, many saw American as headed towards bankruptcy. A few weeks back, Boeing (NYSE:BA) CEO Dave Calhoun predicted an airline bankruptcy in 2020. And, with this carrier having some of the weakest fundamentals out there, it seemed like the one most likely to file for Chapter 11.Yet, others saw bankruptcy concerns as overblown. As InvestorPlace's Tom Taulli wrote in April, chances are American Airlines survives coronavirus. Mainly because Washington won't want to see an airline file for Chapter 11.In the middle of this bankruptcy talk, the company remained highly confident. CEO Doug Parker reassured investors, saying "we're all going to be fine." But, considering Parker said a few years back that the airline would never again go in the red, I could see why some doubted his optimistic outlook.Nevertheless, the recent developments don't necessarily mean clear skies ahead just yet. Cash burn is coming down. But, even Parker himself concedes the long-term outlook remains cloudy. Sell Into Strength With AAL StockWhen I last wrote about American Airlines stock, I said it was too late to go short. Yet, now, with shares rising too fast, too soon, it's possible the stock could retest its single-digit lows. The recent strong performance was primarily due to speculators buying on headlines, as well as short-sellers getting squeezed, as this stock has a heavy amount of short interest.What's next for this stock? This "too hot to touch" airline play could pull back further from here. First, as the shorts exit their positions, demand for shares could taper off. Then, if actual results fall well short of today's bullish forecast, investors buying today out of FOMO could bail as well.Bottom line: if you own AAL stock now, sell while shares remain in the double-digits. Otherwise, steer clear for now.Thomas Niel, contributor to InvestorPlace, has written single-stock analysis since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Sell Into Strength as American Airlines Stock Goes Parabolic appeared first on InvestorPlace.

from Yahoo Finance https://ift.tt/2WiV7qh

Field Programmable Gate Arrays (FPGAs) — for its 5G equipment that customers could reprogramme but high costs and supply hurdles last year forced it to change course. “We still stand by the decision of going with FPGAs because it was the right thing to do at that time,” Sandro Tavares, Nokia’s head of mobile networks marketing, told Reuters. Nokia, which competes with Sweden’s Ericsson and China’s Huawei [HWT.UL], had said its 5G products could not reach the market in time due to delays by one supplier, identified by analysts as Intel.

from Yahoo Finance https://ift.tt/3ef60Qc

“China Unicom has chosen Nokia to support the buildout ofits 5G SA Core network in China, marking an expansion of Nokia’s existing 4G working relationship with the Chinese communication service provider,” Nokia said in a statement, adding the deal corresponded to a 10% share. At the end of April, Nokia’s Suri told Reuters in an interview that Nokia had won a 10% share of China Unicom’s 5G core network, alongside rivals Huawei and ZTE.

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

Israel is in advanced talks to buy Moderna Inc.’s (MRNA) experimental coronavirus vaccine candidate, the country’s news portal Ynet reported.The talks come after Moderna last week announced that it is commencing with the late-stage testing of its COVID-19 vaccine candidate, mRNA-1273, according to the report, which cited unnamed officials at Israel’s Health Ministry. Additional details weren’t provided.The biotech company, which has already finalized the Phase 3 study protocol for the vaccine candidate is expected to start a trial of 30,000 participants enrolled in the U.S. in July. The trial’s primary endpoint will be the prevention of symptomatic COVID-19 disease, while key secondary endpoints include prevention of infection by SARS-CoV-2, the virus that causes the disease.Shares in Moderna more than tripled this year, as investors piled into the stock amid hopes for the potential of its virus vaccine. The stock rose 3% to $62 on Friday.It looks like the rally has not yet run out of steam. Five-star analyst Edward Tenthoff at Piper Sandler last week reiterated a Buy rating on the stock with a $100 price target (61% upside potential) after the company finalized the Phase III trial protocol for the vaccine candidate.Tenthoff added that Moderna has already completed mRNA-1273 manufacturing required to begin Phase III trial vaccinations in July with supply agreements supporting manufacturing of 500 million to 1 billion 100 microgram doses per year.The rest of the Street has a bullish stance on Moderna’s stock. It boasts 11 Buy ratings versus 2 Hold ratings which add up to a Strong Buy consensus. Despite the recent share bonanza, the $90.40 average price target still indicates another 46% upside potential from current levels. (See Moderna stock analysis on TipRanks).Related News: 5 Promising Covid-19 Vaccines Picked For Trump’s Operation Warp Speed AstraZeneca Inks Europe Deal For 400M Covid-19 Vaccine Doses Sorrento Edges Higher On Debt Repayment As Top Analyst Says Buy More recent articles from Smarter Analyst: * Extraction Oil & Gas Files For Bankruptcy; Announces $125M Funding Plan * First Majestic Seeks Help In Mexico Tax Dispute, As Analyst Applauds Springpole Deal * Amazon Now Also Under Investigation By Washington State – Report * Blackstone To Invest $337 Million In Medtronic’s Diabetes Programs

from Yahoo Finance https://ift.tt/2UL1a5D

Jun.15 — Retail outlets in England selling non-essential items are opening today for the first time since March, as the government eases restrictions put in place to curb the coronavirus. Kyle Monk of the British Retail Consortium assesses the outlook for the sector in an interview on “Bloomberg Markets: European Open.”

from Yahoo Finance https://ift.tt/30IuoGj

AT&T (T) is considering selling its Warner Bros. Interactive Entertainment gaming unit for around $4 billion to reduce its heavy debt burden, people familiar with the matter have told CNBC.According to the sources, potential buyers include major gaming companies Take-Two Interactive Software (TTWO), Electronic Arts (EA) and Activision Blizzard (ATVI). However, they added that no deal is assured or imminent at this point.One option for a deal could include a commercial licensing agreement which would allow AT&T to continue to drive revenue from its intellectual property, CNBC reported.However VentureBeat reported a separate source suggesting a price closer to $2 billion because the gaming division does not own some of the key franchises at the core of its major games like “Harry Potter” and “Game of Thrones.”Warner Bros. Interactive Entertainment is made up of 10 game studios including TT Games, and owns the “Mortal Kombat” and the “Scribblenauts” series. It was snapped up by AT&T as part of the $109 billion Time Warner deal which closed in 2018 and left T struggling to manage a $150 billion debt.Ex WarnerMedia CEO John Stankey will replace Randall Stephenson as CEO at AT&T on July 1. He takes the helm of America’s second-largest wireless service provider at a notably challenging time.Shares in T are currently trading down 22% year-to-date, with AT&T recently reporting soft first quarter earnings alongside ~ $433M ($0.05 per share) of EBITDA headwinds due to COVID-19 disruptions.“AT&T will continue to slash expenses and is aiming for $6B over the next three years” commented Oppenheimer analyst Timothy Horan. He has a buy rating and $47 price target on the stock explaining “Importantly, the dividend seems safe and debt reduction can continue with what we and the company estimate to be a 60% payout ratio.”Overall, analysts have a Moderate Buy T consensus, with 8 recent buy ratings, 12 holds and 2 sells. Meanwhile the average analyst price target of $34 indicates 11% upside potential from current levels. (See T stock analysis on TipRanks).Related News: Activist Investor Jana Partners Builds 5.9% Stake in Perspecta; Stock Jumps 9% In Pre-Market Lululemon Drops 5% in Extended Trading After Quarterly Results Miss Bankrupt Hertz Pops 51% In Pre-Market On $1 Billion Share Sale Plan More recent articles from Smarter Analyst: * Extraction Oil & Gas Files For Bankruptcy; Announces $125M Funding Plan * Israel Is Said To Be In Talks To Buy Moderna’s Covid-19 Vaccine Candidate * First Majestic Seeks Help In Mexico Tax Dispute, As Analyst Applauds Springpole Deal * Amazon Now Also Under Investigation By Washington State – Report

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

(Bloomberg) — BP Plc will make the biggest write down in a decade on the value of its business, as the British oil major predicts the coronavirus pandemic will hurt long-term demand and accelerate the shift to cleaner energy.The company sees oil and gas being about 20% to 30% cheaper than before on average, and also expects the cost of carbon emissions to be more than twice as high.In response, BP is undertaking a review of its projects that could result in some oil discoveries being left in the ground. This risk, of so-called stranded assets, is an issue of growing importance as the industry grapples with fundamental shifts in energy consumption trends.Under its new Chief Executive Officer Bernard Looney, BP has been quicker than many of its peers to acknowledge and plan for these changes. Yet moves toward a more sustainable future bring financial pain today. BP’s latest actions will lead to non-cash impairment charges and write-offs in the second quarter, estimated to be in a range of $13 billion to $17.5 billion post-tax. They also renewed questions about the sustainability of its dividend. Shares of the company fell 4.4% to 308.7 pence as of 9:14 a.m. in London.Enduring Impact“BP now sees the prospect of the pandemic having an enduring impact on the global economy, with the potential for weaker demand for energy for a sustained period,” the company said in a statement on Monday. “The aftermath of the pandemic will accelerate the pace of transition to a lower carbon economy.”In February, BP outlined its ambitions to become a “net-zero” company by 2050. The company acknowledged that production will decline in the long term, and said whatever is pumped in 2050 “will have to be de-carbonized.” Peers including Royal Dutch Shell Plc, Total SA and Equinor ASA have also set out agendas for what’s becoming an existential challenge for the oil industry.Two of those companies — Shell and Equinor — cut their dividends last quarter. A growing number of analysts expect BP to follow. ”It does now look increasingly likely that BP will reduce the dividend alongside the second quarter results,” Barclays said in a note. “With the shares trading on a 10% dividend yield, this already seems to be factored into the share price.”Cheaper OilBP’s revised investment appraisal long-term price assumptions from 2021 to 2050 now average $55 a barrel for Brent crude, down from $70 previously, and $2.90 per million British thermal units for Henry Hub gas, compared with $4 before.It expects the cost of emitting a ton of carbon dioxide to be $100 in 2030, up from a previous assumption of $40. These new prices are “broadly in line” with the Paris climate goals, BP said. “This huge dent in BP’s balance sheet suggests it has finally dawned on BP that the climate emergency is going to make oil worth less,” Charlie Kronick, senior climate adviser for Greenpeace U.K., said in a a statement. “BP must protect its workforce, and offer training to help people move into sustainable jobs in decommissioning and offshore wind.”The company is scheduled to publish its second-quarter results on Aug. 4. Looney will give a more detailed road map for BP’s transition to clean energy and net-zero emissions in September. (Updates with changes to price assumptions in second paragraph.)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/3e4BoAS

Jun.15 — EasyJet Plc Chief Executive Officer Johan Lundgren discusses the low-cost airline’s return to service, health measures inside cabins and the outlook for load factors. He speaks on “Bloomberg Markets: European Open.”

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