Month: September 2020

Check out the companies making headlines in midday trading.  Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
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Midstream energy player Kinder Morgan (NYSE:KMI) has a massive presence among North American natural gas pipeline operators. Because of the company’s size, there’s a safety factor that weighs in favor of long-term KMI stock holders. Source: Shutterstock Income seekers might view KMI stock as a fairly safe way to generate yield because of the stock’s generous
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Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
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David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions.  The moves announced
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When most people challenge deeply ingrained wisdom about finances, they’re greeted with eye rolls. When one of the world’s most successful financial gurus is the contrarian, people listen. Such was the case with Warren Buffett’s 2013 letter to Berkshire Hathaway investors, which seemed to challenge one of the longstanding axioms about retirement planning. Buffett noted
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[embedded content] It’s been a rough year for Norwegian Cruise Line (NYSE:NCLH) and owners of NCLH stock. Source: Roberto Sorin / Shutterstock.com Coming into the year, the cruise industry was riding high on strong consumer spending and healthy travel appetite. NCLH was trading near all-time highs around $60. Revenues and profits were soaring. Life was
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Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Check out the companies making headlines after-hours Tuesday: Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares were halted in after-hours trading. Micron Technology — Micron shares rose
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An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic.   Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million
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Royal Caribbean (NYSE:RCL) and its cruise-line peers are still widely viewed as pandemic-reopening plays. But those equities got some help last Friday when Barclays upgraded the cruise lines, taking RCL stock to “overweight” from “equal weight.” Source: Laszlo Halasi / Shutterstock.com Upgrades are nice for the owners of the stocks that are upgraded. Barclays analyst Felicia
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After Hadi Yousef began to invest in stocks, he soon learned the value of listening to a company’s earnings call. It didn’t take long for the then-Indiana University student to realize that tracking them down for a range of companies was a challenge.  “Around that time, five years ago, I had really gotten into podcasts,
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The marijuana industry’s exponential growth in the last several years created numerous opportunities in the mainstream economy. But kinks in the industry, including regulatory ones, are still being worked out. To that extent, it is still nascent and needs a professionally-trained workforce to firm up its contours. Currently, there are relatively few colleges or universities
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Listen to Preston’s podcast about studying billionaires here: https://itunes.apple.com/us/podcast/the-investors-podcast/id928933489 Richard Branson is a British entrepreneur, investor, and philanthropist whose fortune comes mostly from the multinational Virgin group, which has more than 400 companies under its control including Virgin Galactic of SpaceShipOne project fame and Virgin Atlantic. He gained prominence for his work in transportation, retail,
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