Stock Pick

  • Column: This bank is worried scammers may be cruelly paying off people’s credit cards

    Column: This bank is worried scammers may be cruelly paying off people's credit cardsCapital One froze a SoCal customer's credit card because it was concerned a bank transfer to pay off $14,000 in debt may have been made by a scammer.

    from Yahoo Finance https://ift.tt/32GOtxK

  • Novavax to give detailed description of its COVID-19 vaccine, technology

    Novavax to give detailed description of its COVID-19 vaccine, technologyYahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani discuss the race for a COVID-19 vaccine.

    from Yahoo Finance https://ift.tt/2CxO8Te

  • Is Cytosorbents’ (NASDAQ:CTSO) Share Price Gain Of 133% Well Earned?

    Is Cytosorbents' (NASDAQ:CTSO) Share Price Gain Of 133% Well Earned?It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes…

    from Yahoo Finance https://ift.tt/32E73qb

  • Coca-Cola revenue tumbles as lockdowns hammer soda sales

    Coca-Cola revenue tumbles as lockdowns hammer soda salesThe Diet Coke, Fanta and Sprite maker generates about half of its revenues by selling its soft drinks and concentrates to restaurants and theater operators, such as McDonald’s Corp and AMC Entertainment Holdings Inc, but most of them had to close some or all of their operations under government-mandated curbs to fight the health crisis. “We believe the second quarter will prove to be the most challenging of the year; however, we still have work to do,” Chief Executive Officer James Quincey said in a statement. Unit volume, a key measure that indicates demand, declined 16%, with Coca-Cola falling 7% and sparkling soft drinks tumbling 12%.

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  • Suspect In Slaying Of Federal Judge’s Son Was An M7 MBA

    Suspect In Slaying Of Federal Judge’s Son Was An M7 MBARoy Den Hollander was found dead two hours from the site of the New Jersey attackThe post Suspect In Slaying Of Federal Judge's Son Was An M7 MBA appeared first on Poets&Quants.

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  • IBM CEO: ‘The trend we see in the market is clear’

    IBM CEO: 'The trend we see in the market is clear'IBM has jettisoned some of its legacy business to focus on the high-margin cloud computing business, an area that has seen a lot of action in recent years as companies ramp up their digital shift to boost efficiency. Revenue from the cloud business, previously headed by Krishna, rose 30% to $6.3 billion in the second quarter. Krishna took over as chief executive officer from Ginni Rometty in April, while appointing former Bank of America Corp's top technology executive, Howard Boville, as the new head of the cloud business.

    from Yahoo Finance https://ift.tt/3eHyzp6

  • Word on the street: Democrats push for elimination of SALT deduction cap

    Word on the street: Democrats push for elimination of SALT deduction capYahoo Finance’s On the Move panel discuss the latest headline making news stories.

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  • It’s Silver’s Turn to Shine as Prices Surge to Four-Year High

    It’s Silver’s Turn to Shine as Prices Surge to Four-Year High(Bloomberg) — Silver is hitting its sweet spot. While viewed as a haven from market turmoil — just like pricier sister gold — silver also has wide industrial uses in products like solar panels and electronics. That means the metal’s drawing both investors worried about rising virus cases and those focused on rosier indicators, from optimism over China’s recovery and promising vaccine news, to the landmark stimulus package clinched by Europe’s leaders.Read more about what’s moving global markets todaySpot silver powered through $20 an ounce Tuesday and is trading near a four-year high. The cheaper metal has outpaced gold’s own gains this month, and holdings in silver-backed exchange-traded funds have increased for 12 straight weeks to a record.“Silver is now leading the charge,” said Stephen Innes, chief market strategist at AxiCorp Ltd. The metal is following the same trajectory as during the global financial crisis, he said. Back then, prices dropped during the worst of the crisis before rallying to fresh records near $50 by 2011.Spot silver jumped as much as 3.3% on Tuesday to $20.5609 an ounce, the highest since August 2016, extending this year’s gains to 15%. Futures in New York, which breached the $20 level on Monday, rose as high as $20.945 an ounce. Other precious metals also advanced as the dollar weakened, with spot gold adding 0.5% to $1,827.20 an ounce, the highest since September 2011.Read also: Gold’s Good But Silver’s Super as Bulls Go on the RampageEven after recent gains, there’s a long list of banks and traders predicting silver will keep rising as investors continue to pile in. Citigroup Inc. said in a report this week that it sees prices rising to $25 in the next six to 12 months, with the potential for $30 based on the bank’s bull case.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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  • More than 50% of market pros think a vaccine will be ready within a year: Morning Brief

    More than 50% of market pros think a vaccine will be ready within a year: Morning BriefTop news and what to watch in the markets on Tuesday, July 21, 2020.

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

  • Investor Optimism Abounds Accenture plc (NYSE:ACN) But Growth Is Lacking

    Investor Optimism Abounds Accenture plc (NYSE:ACN) But Growth Is LackingAccenture plc's (NYSE:ACN) price-to-earnings (or "P/E") ratio of 28.5x might make it look like a strong sell right now…

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