Stock Pick

  • Tesla Stock Will Go to Mars Before SpaceX, Says S3 Partners Founder

    Tesla Stock Will Go to Mars Before SpaceX, Says S3 Partners FounderJul.23 — “Elon Musk is the lead actor in the biggest financial soap opera that’s ever been. He makes roofs, rockets and cars, and it’s a controversial bet, people doubt him but he performs, and we’ve never seen short interest as big as it is right now,” says S3 Partners founder Bob Sloan. He speaks to Vonnie Quinn on “Bloomberg Markets.”

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  • These 3 states are suffering the slowest coronavirus job market recoveries

    These 3 states are suffering the slowest coronavirus job market recoveriesThe unemployment trend is not improving as quickly in Oklahoma, Alaska and the South as states try to stem the bleeding of jobs.

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  • FAA issues emergency directive on 2,000 Boeing 737 NG, Classic planes

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  • Capricor Therapeutics (NASDAQ:CAPR) Is In A Good Position To Deliver On Growth Plans

    Capricor Therapeutics (NASDAQ:CAPR) Is In A Good Position To Deliver On Growth PlansWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made…

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  • Earnings Scheduled For July 24, 2020

    Earnings Scheduled For July 24, 2020Companies Reporting Before The Bell • Verizon Communications Inc. (NYSE:VZ) is expected to report quarterly earnings at $1.15 per share on revenue of $29.76 billion.• Schlumberger Inc. (NYSE:SLB) is estimated to report quarterly earnings at $0.01 per share on revenue of $5.40 billion.• Honeywell International Inc. (NYSE:HON) is estimated to report quarterly earnings at $1.20 per share on revenue of $7.30 billion.• American Express Inc. (NYSE:AXP) is estimated to report quarterly earnings at $0.04 per share on revenue of $8.19 billion.• NextEra Energy Inc. (NYSE:NEE) is expected to report quarterly earnings at $2.49 per share on revenue of $5.25 billion.• Altra Industrial Motion Inc. (NASDAQ:AIMC) is expected to report quarterly earnings at $0.29 per share on revenue of $365.18 million.• Amerant Bancorp Inc. (NASDAQ:AMTB) is expected to report quarterly earnings at $0.08 per share on revenue of $60.05 million.• Amerant Bancorp Inc. (NASDAQ:AMTBB) is estimated to report earnings for its second quarter.• Civista Bancshares Inc. (NASDAQ:CIVB) is estimated to report quarterly earnings at $0.26 per share on revenue of $28.25 million.• Carter's Inc. (NYSE:CRI) is expected to report earnings for its second quarter.• Equinor Inc. (NYSE:EQNR) is estimated to report earnings for its second quarter.View more earnings on AIMC• First Hawaiian Inc. (NASDAQ:FHB) is expected to report quarterly earnings at $0.22 per share on revenue of $178.92 million.• Fomento Economico Inc. (NYSE:FMX) is estimated to report quarterly earnings at $0.59 per share on revenue of $5.43 billion.• Gentex Inc. (NASDAQ:GNTX) is expected to report quarterly earnings at $0.13 per share on revenue of $268.53 million. • China Finance Online Co Inc. (NASDAQ:JRJC) is expected to report earnings for its first quarter. • NextEra Energy Partners Inc. (NYSE:NEP) is estimated to report quarterly earnings at $0.36 per share on revenue of $337.99 million.• OFG Bancorp Inc. (NYSE:OFG) is estimated to report quarterly earnings at $0.22 per share on revenue of $114.66 million.• TRI Pointe Group Inc. (NYSE:TPH) is expected to report quarterly earnings at $0.59 per share on revenue of $698.60 million.• Uxin Inc. (NASDAQ:UXIN) is estimated to report earnings for its first quarter.• Veoneer Inc. (NYSE:VNE) is expected to report quarterly loss at $1.33 per share on revenue of $216.14 million.• Vodafone Group Inc. (NASDAQ:VOD) is estimated to report earnings for its first quarter.• Virtus Investment Inc. (NASDAQ:VRTS) is expected to report quarterly earnings at $2.99 per share on revenue of $112.36 million. • Bloomin Brands Inc. (NASDAQ:BLMN) is expected to report quarterly loss at $1.15 per share on revenue of $589.50 million.• Triton International Inc. (NYSE:TRTN) is estimated to report quarterly earnings at $0.78 per share on revenue of $309.50 million. Companies Reporting After The Bell • Controladora Vuela Inc. (NYSE:VLRS) is expected to report quarterly loss at $0.83 per share on revenue of $47.66 million.See more from Benzinga * Stocks That Hit 52-Week Highs On Thursday * Benzinga's Top Upgrades, Downgrades For July 16, 2020 * 5 Financial Services Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Goldman, Malaysia Reach $3.9 Billion Settlement Over 1MDB

    Goldman, Malaysia Reach $3.9 Billion Settlement Over 1MDB(Bloomberg) — Goldman Sachs Group Inc. has reached a deal that would see Malaysia drop all criminal charges against the bank in exchange for $3.9 billion of reparations for its role in raising money for the troubled sovereign wealth fund 1MDB, according to people familiar with the matter.The deal includes a cash settlement of $2.5 billion paid to Malaysia, the people said, asking not to be identified as the discussions are private. Another $1.4 billion will come from seized 1MDB assets being returned with the help of the U.S. Justice Department and Goldman Sachs, the finance ministry said in a statement.It’s unclear how the settlement with Malaysia will impact discussions between Goldman Sachs and the U.S. Justice Department. The bank is close to an agreement in the U.S. after tussling over a potential guilty plea, Bloomberg News reported earlier this month.The deal moves Goldman closer to ending its biggest legal threat since the darkest days of the 2008 financial crisis. Goldman helped the Malaysian government raise $6.5 billion for the 1MDB fund, collecting some $600 million in fees from bond sales in 2012 and 2013, according to court filings. Prosecutors allege that part of that money was diverted to 1MDB officials and their associates.Malaysian prosecutors brought charges against three units of the bank in 2018, then followed with additional accusations against Goldman’s 17 current and former executives last year. The bank has consistently denied wrongdoing, saying that former Malaysian officials lied about how proceeds from the bond sales would be used.The settlement is a major milestone for Prime Minister Muhyiddin Yassin, a step toward ending Malaysia’s years-long effort to recover billions of dollars lost through the scandal. In 2018, the affair led to the country’s first change of government since its independence, when Mahathir Mohamad took over as prime minister from Najib Razak, who now faces multiple charges related to 1MDB. The Mahathir government demanded as much as $7.5 billion from Goldman Sachs, while its negotiators had touted figures of around $2 billion to $3 billion in private discussions.The state fund remains a sore political point even after another power shift this February, as Malaysia’s current government under Muhyiddin counts on the backing of United Malays National Organisation, the former ruling party once led by Najib.(Updates with additional details throughout)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.

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  • If a second stock market crash arrives in 2020, I’d follow this plan to capitalise on it

    man holding umbrella looking at storm over city, recession, asx 200 shares

    There is a very real possibility of a second stock market crash in 2020. Risks such as the upcoming US election, Brexit and, of course, coronavirus could cause investor sentiment to weaken.

    However, a decline in stock prices could present buying opportunities. Through buying high-quality stocks when they trade at discounted prices, it is possible for long-term investors to generate high returns as the economic outlook improves over the coming years.

    High-quality stocks

    A second stock market crash is likely to be caused by uncertainties surrounding the economy’s future prospects. This could mean that the operating conditions for many businesses come under pressure.

    Therefore, it could be logical for investors to purchase companies with strong balance sheets and access to sufficient liquidity to survive a period of weak sales. They may be better placed to not only still be in existence in a few years’ time, but could also benefit from the demise of their weaker sector peers through increasing their market share.

    Identifying the strongest businesses in a sector is subjective. However, measures such as debt levels, the amount of cash a company has on its balance sheet and its ability to access multiple forms of capital should it be required may help you to unearth the best stocks to buy should there be a further market crash.

    Undervalued stocks in a market crash

    A market crash can provide an opportunity to buy shares when they trade at low prices. However, this does not mean that investors should simply buy the cheapest shares they can find. Many stocks could be cheap because they face difficult outlooks, and they may fail to ultimately recover from their low price levels.

    As such, it may be prudent to instead focus your capital on those shares that trade at a discount to their intrinsic value. This could mean that they are not among the cheapest shares around, but that they offer the best value for money based on their quality. It may be more profitable to buy more expensive companies with better prospects, than cheap stocks with difficult outlooks.

    A long-term strategy

    It is difficult to ascertain when a market crash will end and give way to a sustained bull market. Therefore, while it can offer buying opportunities, there is a chance of paper losses being sustained in the short run while a stock market fall is taking place.

    This means that investors should adopt a long-term strategy when buying shares in a downturn. History shows that the stock market has always bounced back to post higher highs after even its most severe declines. The same outcome is very likely after this year’s challenges, which could make it a good time to start building a diverse portfolio of undervalued, high-quality businesses.

    Where to invest $1,000 right now

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    Motley Fool contributor Peter Stephens has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post If a second stock market crash arrives in 2020, I’d follow this plan to capitalise on it appeared first on Motley Fool Australia.

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  • World shares slip as China orders US consulate closed

    World shares slip as China orders US consulate closedTrump administration officials have escalated their public condemnations of China in the last several weeks, with speeches by FBI Director Chris Wray, Attorney General William Barr and Secretary of State Mike Pompeo. On Friday, as expected, China’s Foreign Ministry ordered the closure of the U.S. consulate in the western city of Chengdu. “Alongside the eviction of the Houston Chinese Consulate, the risk of the U.S.-China conflict escalating into a “Cold War” is worrying,” said Hayaki Narita of Mizuho Bank.

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  • Oil Fluctuates Near $41 Amid Demand Uncertainty, European Growth

    Oil Fluctuates Near $41 Amid Demand Uncertainty, European Growth(Bloomberg) — Oil swung between gains and losses as deteriorating U.S.-China relations cast doubt over the strength of the demand recovery, but European economic data showed a return to growth.U.S. crude futures rose 0.9%, poised to eke out a second weekly gain as the news of euro-area growth added to confidence already buoyed by stimulus measures agreed Tuesday. Yet strained U.S.-China ties continued to cloud the outlook, with Beijing ordering America to close its consulate in Chengdu.Oil’s recovery from its plunge below zero has stalled, with futures stuck in a tight range since the end of June as rising coronavirus infections across major economies raise doubts that demand can rebound swiftly. U.S. crude stockpiles are climbing, Chinese consumption is cooling and swaths of India’s refining sector are offline, adding to the bearish headwinds.“It is basically a very fragile situation,” Equinor ASA Chief Executive Officer Eldar Saetre said in a Bloomberg Television interview. “The only thing that can support a balanced market going forward is the demand picking up, and it eventually will, but the shape and form of that pickup and what it will look like is highly uncertain.”In the coming weeks, the oil market could be heading into a tricky period. OPEC+ will start returning supply next month after historic production cuts, while China’s lackluster demand is continuing to wreak havoc on the physical crude market in Asia. In Europe, Finnish refiner Neste Oyj is predicting demand for oil products will remain “severely reduced” during the third quarter.Coronavirus cases in the U.S. have now surpassed 4 million, doubling over a span of six weeks, while deaths in California and Florida rose to records on Thursday. Infections in Mexico, Brazil and Hong Kong also continued to climb.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.

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  • ROCE Insights For Intel

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