(Bloomberg) — The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period.Japan’s Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7 billion), in the three months ended March, it said in Tokyo on Friday. The…
After Gilead Reveals Remdesivir Pricing, Analyst Sees Significant Revenue Upside
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The coronavirus marches on, but healthcare names all over the world are fighting back. Earlier this week, Gilead Sciences (GILD), the manufacturer of COVID-19 antiviral drug remdesivir, revealed the pricing plan for the treatment. A five-day course of remdesivir will be sold to governments of developed nations, including the US, for a price of $2,340…
Analysts Have Just Cut Their Capstone Turbine Corporation (NASDAQ:CPST) Revenue Estimates By 14%
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The latest analyst coverage could presage a bad day for Capstone Turbine Corporation (NASDAQ:CPST), with the analysts…
Inovio's Manufacturing, Scalability Concerns Of Coronavirus Vaccine Keeps This Analyst On The Sidelines
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Inovio Pharmaceuticals Inc (NASDAQ: INO) reported Tuesday interim Phase 1 readout for INO-4800, its DNA vaccine candidate against the novel coronavirus.The Inovio Analyst: Piper Sandler analyst Christopher Raymond maintained a Neutral rating and $8 price target for Inovio.The Inovio Thesis: There wasn't a ton of detail at this point from the readout except that 94%…
Here's How Much Investing $1,000 In AT&T Stock Back In 2010 Would Be Worth Today
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Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500's (NYSE: SPY) total return for the decade was 250.5%. But there's no question some big-name stocks did much better than others along the way.AT&T's Difficult DecadeOne underperformer of the last decade was telecom and media giant AT&T…
Wells Fargo to Cut Dividend as Top Rivals Maintain Payouts
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(Bloomberg) — Wells Fargo & Co. plans to cut its dividend, breaking with all of the biggest Wall Street banks, after the Federal Reserve last week set new restrictions on the payouts.“There remains great uncertainty in the path of the economic recovery and though it’s difficult to accurately predict the ultimate impact on our credit…
Wirecard: 'It’s really bad. I’m left with nothing'
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Thousands of people have been barred from using their cash because of the collapse of Wirecard.
How Kevin O'Leary Of 'Shark Tank' Is Investing In The 'Great Digital Pivot' Triggered By COVID-19
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The coronavirus pandemic compressed five years of digital transformation in the U.S. into five months, "Shark Tank" star Kevin O'Leary said Saturday.What O'Leary calls "the great digital pivot" away from retail presents an opportunity for investors, he said. Retail sales have 50% gross margins, but direct-to-consumer sales have gross margins nearing 100%, O'Leary said at…
Americans Hold Huge Pile of Cash That’s Key to Economic Recovery
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(Bloomberg) — Just like back in 2008, the Federal Reserve has pumped record amounts of cash into the financial system this year to stave off an economic collapse. But unlike in 2008, when that money mostly piled up in banks’ accounts at the Fed, funds are pouring into Americans’ checking accounts.And that’s a big distinction.When…
Cramer Shares His Thoughts On Yeti, American Airlines And More
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Would a president Joe Biden ruin your stock portfolio?
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It's almost election time…and time to possibly examine your portfolio.