• Did Hedge Funds Make The Right Call On XACT Sciences Corporation (EXAS) ?

    Did Hedge Funds Make The Right Call On XACT Sciences Corporation (EXAS) ?The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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

  • Steve Cohen, J.Lo and Alex Rodriguez bid billions for New York Mets: RPT

    Steve Cohen, J.Lo and Alex Rodriguez bid billions for New York Mets: RPTYahoo Finance’s Alexis Christoforous, Brian Sozzi and Dan Roberts discuss Steve Cohen, J.Lo and Alex Rodriguez’s recent bids for the New York Mets and more.

    from Yahoo Finance https://ift.tt/2Ocjn8G

  • Tesla Confirms New Date For Investor, Battery Day

    Tesla Confirms New Date For Investor, Battery DayElon Musk has been teasing Tesla Inc (NASDAQ: TSLA) "battery day" for many months now. After delays due to the COVID-19 pandemic, Musk announced battery day would be combined with investor day.Now, a new date has been confirmed: Sept. 22, 2020. The event will be held in Fremont, California, at 2:30 p.m. Pacific Time. Tesla intends to webcast both events live.Benzinga's Take: Battery day has been delayed several times, but things seem to finally be official. While Musk and Tesla are often late on delivery, they never fail to impress.Tesla is expected to reveal a battery that can be driven one million miles before needing to be replaced. That would open the door for its robotaxi platform once level 5 autonomy is implemented in Tesla's vehicles. Batteries currently shipped in the Model 3 and Y are predicted to last anywhere from 300,000 to 500,000 miles.Related Links:Elon Musk Talks About The Tesla Cybertruck Smash-Up: 'I Was Not Expecting That'Analyst: Tesla And Nikola Are The 'Silent Short Seller Killers'See more from Benzinga * Rivian Raises Another .5B In Bid For Market's First Fully Electric Pickup Truck * Tesla Model Y Spotted In Europe * Future Tesla Update Will Bring Side Video Feed When Using Turn Signal: Musk(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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

  • Should Value Investors Buy General Dynamics (GD) Stock?

    Should Value Investors Buy General Dynamics (GD) Stock?Oakmark Funds recently released its second-quarter investor letter – a copy of which is available for download here. In their recent letter to investors, Oakmark Funds announced that OAKMX portfolio returned 23.0% in the second quarter, as compared to 20.5% of the S&P 500 Index. You should check out Oakmark Funds top 5 stock picks […]

    from Yahoo Finance https://ift.tt/2Cr3MiF

  • Biden unveils economic plan, calls for end to shareholder capitalism

    Biden unveils economic plan, calls for end to shareholder capitalism2020 presidential candidate Joe Biden unveiled his economic plan, and called for an end to shareholder capitalism. Yahoo Finance’s Jessica Smith joins the On the Move panel to discuss.

    from Yahoo Finance https://ift.tt/2ZVPY85

  • Mesoblast expands compassionate use COVID-19 program

    Mesoblast expands compassionate use COVID-19 programMesoblast has developed a cellular therapy that may significantly reduce deaths among the most severely sick COVID-19 patients. CEO Dr. Fred Grossman joins Yahoo Finance’s On the Move to discuss what this development could mean in the fight against the virus.

    from Yahoo Finance https://ift.tt/2Ofx2f0

  • What Type Of Shareholders Make Up InMode Ltd.’s (NASDAQ:INMD) Share Registry?

    What Type Of Shareholders Make Up InMode Ltd.'s (NASDAQ:INMD) Share Registry?A look at the shareholders of InMode Ltd. (NASDAQ:INMD) can tell us which group is most powerful. Generally speaking…

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

  • Walgreens Reports $1.7B Quarterly Loss, Cuts 4,000 Jobs Due To Covid-19 Impact

    Walgreens Reports $1.7B Quarterly Loss, Cuts 4,000 Jobs Due To Covid-19 ImpactWalgreens Boots Alliance Inc. (WBA) reported a $1.71 billion quarterly loss and announced 4,000 jobs cuts due to the impact of the coronavirus pandemic sending shares down 8%.The stock dropped to $39.01 at the close on Thursday after the drugstore chain operator announced that it will also suspend its share repurchase program and will need to take a non-cash impairment charge of $2 billion mainly as result of the COVID-19 impact on its Boots UK business. As part of a restructuring plan to cut costs, Walgreens said it will close 48 of its Boots opticians stores and lay off 4,000 employees, or 7% of its workforce.Net loss was $1.71 billion, or $1.95 per share, in the three months ended May 31, versus a profit of $1.03 billion, or $1.13 per share, in the year-earlier period. Analysts on average had expected adjusted earnings of $1.19 per share. Revenue rose 0.1% to $34.6 billion.“Prior to the pandemic our financial performance for fiscal 2020 was on track with our expectations. However, this unprecedented global crisis led to a loss in the quarter as stay-at-home orders affected all of our markets,” Walgreens CEO Stefano Pessina said. “Shopping patterns are evolving more rapidly than ever as consumers further embrace digital options, spurring us to accelerate our ongoing investments in digital transformation and neighborhood health destinations.”Walgreens total digitally initiated sales rose 22.7% in the third quarter, compared with the same period last year. The drugstore chain recently formed a strategic partnership with Microsoft (MSFT) and Adobe to launch a marketing technology and customer data platform for personalized healthcare and shopping experiences.Earlier this week, Walgreens announced that it will be expanding the size of its care clinics by nearly 700 retail stores over the next few years as part of an overhaul of its business model from being primarily a drug pharmacy to a primary care clinic.With Walgreens’ stock down now 34% year-to-date, analysts are sidelined on the stock. The Hold analyst consensus shows an unanimous 4 Hold ratings. Looking ahead, the $47.75 average price target implies 22% upside potential from current levels. (See Walgreens stock analysis on TipRanks).Morgan Stanley analyst Ricky Goldwasser earlier this month cut the stock’s price target to $45 from $49 and reiterated a Hold rating, saying that investors are weighing whether, or not the challenges the company is exposed to are valued into the shares.Goldwasser remains cautious for now and lowered her full-year per share earnings forecast by 8 cents to $5.48. The analyst expects Walgreens to report EPS of $1.16 in the fourth quarter, which is slightly below consensus estimates.Related News: Costco June Sales Beat Estimates As Shoppers Go Online; Top Analyst Raises PT Lookout Walmart, Amazon Is Coming for Your Grocery Customers, Says Analyst Walmart To Launch Online Subscription Service For $98 Per Year- Report More recent articles from Smarter Analyst: * Moderna Inks Deal With Rovi To Supply Potential Covid-19 Vaccine Outside U.S. * Sony Invests $250M For Minority Stake In Fortnite Maker Epic Games * Amazon: Top Analyst Raises Estimates… Again * GenMark Diagnostics (GNMK) Stock Is a Winner, But How Much Higher Can It Go?

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

  • This MIT robot combats COVID-19 and may soon be in your grocery store

    This MIT robot combats COVID-19 and may soon be in your grocery storeThis robot can kill roughly 90% of COVID-19 on surfaces in a 4,000 square foot space in 30 minutes.

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

  • A Joe Biden win might be bad for the markets, but could be great for cannabis, infrastructure: AdvisorShares CEO

    A Joe Biden win might be bad for the markets, but could be great for cannabis, infrastructure: AdvisorShares CEOYahoo Finance’s Alexis Christoforous and Brian Sozzi discuss what’s happening in the markets today with AdvisorShares CEO, Noah Hamman.

    from Yahoo Finance https://ift.tt/38Na6xa