The National Guard was on the streets of more than a dozen US states and Washington DC on Sunday morning, after protests following the death of George Floyd gave way to another night of violence across America. Angry crowds have clashed with police in major cities across the US, with fierce battles in Los Angeles,
Month: May 2020
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Omega Healthcare Investors (OHI). This healthcare REIT is a dominate player in the skilled nursing facility space. It recently delivered a solid ‘beat and raise’, prompting analysts to revise their estimates
CNBC’s Jim Cramer on Thursday recommended investors continue adding the remote work plays to their investment portfolios as the stocks pull back. “These stocks have been big winners since the bottom in March, and while many of them have fallen out of favor this week, I think that’s temporary,” the “Mad Money” host said after
Key Takeaways Noncurrent assets describe a company’s long-term investments/assets that have useful lives of at least one year. Noncurrent assets traditionally include real estate properties, manufacturing plants, equipment, and other tangible or fixed physical items that are highly illiquid because they can’t be expeditiously sold for cash. In some cases, noncurrent assets also include intangible
In almost 29 years of marriage to a rabbi, attending many of her Jewish community’s significant life events, Susannah Kraft had never attended a virtual funeral. Then in March, she went to her husband’s. The service for Rabbi Neil Kraft, the 69-year-old father of their two sons and wrestling superfan who she describes as wise,
The rising tensions between the U.S. and China could continue to hang over the technology sector, even though President Donald Trump on Friday stopped short of threatening Beijing with more trade actions. The president said the U.S. was ending its preferential treatment of Hong Kong and terminated the U.S. relationship with the World Health Organization
Sonya Carp and her husband own two short-term rental properties in Florida, and they have decided to list one for sale as a result of the coronavirus pandemic. Courtesy of Sonya Carp Consolidation is hitting the market for short-term home rentals as the coronavirus pandemic has curtailed travel dramatically this year. Small landlords and venture-backed
Spending by U.S. consumers fell a record 13.6% in April as the COVID-19 pandemic slashed demand for goods and services. The Labor Department reported on Friday that personal consumption expenditures fell $1.89 trillion last month while personal outlays dropped $1.91 trillion. Real personal consumption expenditures decreased 13.2%. The PCE price index fell 0.5%; excluding food
In April 2012, when Facebook acquired the photo-sharing app Instagram for around $1 billion in cash and stock, many Wall Streeters were puzzled. At the time, Instagram was less than two years old, boasted an employee workforce of 13, and had no revenue. In 2019, Instagram generated $20 billion in advertising revenue, according to Omnicore, a
The governor of Minnesota has sent in the National Guard in the biggest domestic deployment in the state military reserve’s history in an attempt to contain protests and riots following the death of George Floyd in Minneapolis. Tim Walz, the state’s governor, said that more than 1,000 reserves were being deployed, in addition to the
Here is what investors need to know before investing in Oil ETFs. (USO, DBO, USL)
CNBC’s Jim Cramer said Friday he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures. “Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” ”I get worried. It’s just too many people that
In an investment presentation given by Goldman Sachs on Wednesday, Goldman listed a number of reasons why they think Bitcoin is not an asset class. The presentation said that not only was Bitcoin “not an asset class,” but that it also lacked the attributes of being a “suitable investment” at all. In Goldman’s presentation, it
George Floyd’s final words were chillingly familiar. As a white police officer in Minneapolis knelt on his neck for almost eight minutes on Monday, he said, “I can’t breathe” — the same phrase uttered by another African-American man, Eric Garner, who died after being placed in a police chokehold in New York in 2014. The
A family wearing masks passes the New York Stock Exchange, Tuesday, May 26, 2020. Mark Lennihan | AP The big rotation into unloved stocks, like banks, small caps and airlines, took a break Friday, but it could be a theme that dominates trading again in the week ahead. Investors will be assessing the progress of
Zillow CEO Richard Barton told CNBC on Friday that the online real estate company has not observed a dramatic spike in people moving out of dense, urban areas due to the coronavirus pandemic. “We’re all searching for our data to confirm our bias, or our theory, that people are moving out of the city into the suburbs,” Barton said
The municipal market concluded the final trading session of May on steady footing, with secondary yields remaining flat Friday amid a pickup in issuance. Meanwhile, New York City will begin to reopen starting June 8, the mayor and governor said Friday. Generic municipal yields have held at steady levels, though some sources said that is
Starbucks vs. Dunkin’: An Overview Starbucks Corp. (SBUX) and Dunkin’ Brands (DNKN) are the two largest eatery chains in the U.S. that specialize in coffee. Both companies offer similar coffee options—although different food options—and both have similar overall strategies. Nonetheless, there are key differences in their business models related to scale, store ownership, and branding. Despite
Do you know which investment whales were buying and selling your favorite stocks before the big rally to new highs?
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is planning to kick off the return of trading personnel to its New York headquarters in mid to late June, according to people with knowledge of the situation. The
Donald Trump said the US will revoke special trade privileges for Hong Kong and sanction officials from the territory and mainland China after Beijing moved to impose new security laws on the former British colony. The move came as part of a range of measures from Mr Trump targeting China, including banning some Chinese nationals
Both of these brokers have features built to appeal to buy-and-hold investors who take a long view. Vanguard built its reputation on mutual funds, and it is the world’s top provider of index funds. The brokerage was launched in 1983. Merrill Edge started operations in 2010 following Bank of America’s acquisition of Merrill Lynch, so
Renault plans to cut 14,600 jobs, shrink production and restructure some of its French factories as the carmaker looks to slash €2bn in costs amid falling demand and the aftermath of the 2018 arrest of Carlos Ghosn. With profits almost wiped out last year and sales slumping, Renault is trying to achieve more than €2bn
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell. Salesforce.com — The enterprise software provider’s stock dropped 3% in extended trading after the company provided its first-quarter financial results. Salesforce.com said it had earnings of 70 cents per share excluding some items on revenue of $4.87 billion, while analysts
Trading Nation: Homebuilders surge 44% this quarter, here’s where it could be headed Jobless claims indicate Covid-19’s worst economic damage may be over—Four experts on what’s next Market is recovering faster than most investors think, Oppenheimer’s John Stoltzfus suggests Market is showing resiliency despite coronavirus risks, Oppenheimer’s John Stoltzfus says Disney moves to reopen Orlando.
The municipal bond market was steady Thursday amid the pricing of several new issues, including a low-rated Guam Waterworks $134 million deal. Despite the market’s recent firmness, however, a real sense of caution is coming into play. Some sources say the municipal market needs to begin pricing in downside risk from the coronavirus-led revenue losses
The basic form of short selling is selling stock that you borrow from an owner and do not own yourself. In essence, you deliver borrowed shares. Another form is to sell stock that you do not own and are not borrowing from someone. Here you owe the shorted shares to the buyer but “fail to
Investors have been pouring money into the newly launched blockchain ETFs, here is what they need to know (BLOK, BLCN, LEGR, KOIN). AMP-TFR DAT SHR: https://www.zacks.com/funds/etf/BLOK/profile?cid=CS-YOUTUBE-FT-VID REALT-NDQ NEXGN: https://www.zacks.com/funds/etf/BLCN/profile?cid=CS-YOUTUBE-FT-VID FT-INDXX INN TP: https://www.zacks.com/funds/etf/LEGR/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
The UK government has opened a path to citizenship for more than 300,000 Hong Kong residents in a bold riposte to China’s security crackdown on its former colony. Dominic Raab, foreign secretary, has pledged to extend visa rights for British National (Overseas) passport holders and facilitate their path to British citizenship unless Beijing rows back
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