Good MorningThe trading-week ended on a sour note Friday with the markets down from the week’s open and the previous week’s close. Price action was impacted by rising tensions between the U.S. and China after China ordered the U.S. to close one of its embassies. The move is due to a similar action from the U.S. earlier in the week, a series of events that threatens to send the two nations deeper into the Cold War.
Action in other markets was equally noteworthy. The Dollar Index continued its decline to fall toa new low. With the dollar trading below $94.75, the stage is set for a much deeper decline. In response to the dollar’s decline, gold prices are rising. The price of spot gold rose more than 0.5% on Friday to extend a strong week of gains and bring the metals up to just shy of its all-time high. Oil prices drifted higher for the week but traders are warned a rounding top is in play and lower prices are in the forecast.
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Markets | | Online education platform company K12 Inc. (NYSE: LRN) shares saw a massive spike in recent weeks as the resurgence of COVID-19 is causing schools to integrate part to full online classes for the fall 2020 semester. Read the Full Story |
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Markets | | High-Yield Not Likely To Lag Much Longer
When the COVID-19 pandemic began one of the very first things I started to do was highlight the asset classes, sectors, industries, and companies investors should turn to in times of trouble. Among them were and are the high-yielding stocks including REITs, ... Read the Full Story |
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It's only been a couple of days since we last talked about AstraZeneca (LON: AZN), but some recently-emerged news around the company makes it worth another look. Our last examination of the stock led us to consider it a buy on the strength of its resiliency in stock price, but now we have another ... Read the Full Story |
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Markets | | Great Company, Hard Times
This is one of those stocks I hate to write about because I love the company but don’t think the stock is much of a buy. Bloomin' Brands (NASDAQ: BLMN) is the parent to Outback Steakhouse, Carrabba’s, and Bonefish Grill, three brands that rely on packed houses ... Read the Full Story |
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Markets | | Corning (NYSE: GLW) extended its streak of daily increases to 11 yesterday, breaking above $30 a share before closing just under that level.
Last week, in the midst of that streak, JP Morgan (NYSE: JPM) upgraded Corning from Neutral to Overweight. Its price target was raised from $25 to $36.
Analy... Read the Full Story |
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The Early Bird Stock Of The Day Viasat, Inc. provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics. Its Commercial Networks segment offers fixed broadband satellite communication systems comprising satellite network infrastructure and ground terminals; mobile broadband satellite communication systems; antenna systems for terrestrial and satellite applications, such as earth imaging, remote sensing, mobile satellite communication, Ka-band earth stations, and other multi-band antennas; and space systems design and satellite networking development systems. The company's Government Systems segment offers government mobile broadband products and services include mobile broadband modems, and terminals and network access control systems; mesh and hub-and-spoke satellite networking systems; secure networking, cybersecurity, and information assurance products; and tactical data link solutions. It designs and development of satellite and ground communications systems and network function virtualization, as well as ground-based network subsystems, as well as space system design and development products and services include architectures for GEO, MEO, LEO satellites, and other satellite platforms. The company was incorporated in 1986 and is headquartered in Carlsbad, California. | View Today's Stock Pick |
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