Top news and what to watch in the markets on Thursday, July 2, 2020.

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Jul.01 — IBM Cloud Senior Vice President Howard Boville explains IBM’s cloud expansion to Daimler. He speaks with Caroline Hyde on “Bloomberg Markets.”

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U.S. pipeline company Energy Transfer has taken the rare step of invoking force majeure – normally used in times of war or natural disaster – to prevent oil firms from walking away from a proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter. Energy Transfer wants to nearly double the size of the line, and some companies that signed up say it is no longer necessary due to the sharp fall in U.S. oil production after the coronavirus pandemic. DAPL is the largest pipeline running out of North Dakota’s Bakken shale basin.

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Teledoc was on our radar last week as a nice orderly pullback. Today’s action provides an early entry. On Leaderboard today.

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Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]

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The U.S. economy is expected to have added millions more payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen.

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Lam Research jumped Tuesday, momentarily moving past a 325.22 cup-with-handle buy point. Probably already actionable from downward-sloping trend line. Blue Dot Special – stocks with RS at new high that haven’t broken out.

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If you are looking for the best ideas for your portfolio you may want to consider some of Amana Mutual Funds top stock picks. Amana Mutual Funds, an investment management firm, is bullish on 3M Company (NYSE:MMM) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed […]

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Can BlackBerry (BB) become the stock market’s Liverpool FC? For anyone following the English Premier League, after 30 barren years and one global pandemic, soccer giants Liverpool finally clinched the premier league title last week. Might the maker of the once iconic smartphone be able to also rekindle former glories?Since leading the handset market and peaking at an all-time high of $147.55 per share – all the way back in June 2008 – the landscape has irrevocably changed. BlackBerry has changed direction since and is now ostensibly a security software specialist. The share price has changed direction too, down now in penny stock territory, with another disappointing year in tow – shares have dropped by 25% in 2020.The former glories will be hard to replicate, and although last week’s Q1F2021 earnings report was a step in the right direction, the results were still a mixed bag.In the quarter, BlackBerry’s revenue declined year-over-year by 20% to $214 million, lower than the Street’s call for $216.8 million. The company managed a beat on the bottom line, with Non-GAAP EPS of $0.02 beating consensus by $0.04.As expected, the quarter was marred by the ruinous effect of the coronavirus. Auto market macro headwinds translated into weak sales for the company’s QNX auto software platform. Although ESS (enterprise software and services) managed to offset QNX weakness due the remote working environment. BlackBerry has noted the auto and other embedded sectors are witnessing improving trends and expect sales for QNX to pick up as the year progresses.So does Canaccord’s Michael Walkley. Although the 5-star analyst anticipates “steady improvement throughout the year,” there is still much to be done to change overall sentiment.Walkley said, “While management has created a cogent long-term strategy and the shares are potentially compelling for longer-term-oriented investors, we await more proof in execution on the new product roadmap, evidence cross-selling opportunities emerge, stabilizing to growing ESS sales, recovering QNX sales, and the potential for upside to our estimates before becoming more constructive on the shares.”All in all, Walkley reiterated a Hold on BlackBerry shares, along with a $6 price target. The implication for investors? Upside of 23%. (To watch Walkley’s track record, click here)The rest of the Street backs up Walkley’s call. All 9 analysts tracked over the last 3 months recommend a Hold. With an average price target of $5.38, the analysts forecast upside of 10% over the next 12 months. (See Blackberry stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * The Rise of E-Commerce and Cloud Services Positions Amazon (AMZN) for the Win * Facebook Faces More Ad Boycotts, But This Analyst Expects Minimal Impact * 3 "Strong Buy" Penny Stocks With Explosive Upside Ahead * Heron Therapeutics: HTX-011 Will Eventually Be Approved, Says Analyst

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