- BACCNBC•7 hours ago
Bank of America's summer surge has some traders betting on further upside for the stock. The trade was made when Bank of America (BAC) was trading at around $15.90, and it has a break-even level of $16.12. If the stock closes below $16 on Friday, the entire $1.2 million spent in options premium will be lost.
- BusinessThe Street•13 hours ago
There was a time when the underperformance of Gilead Sciences' (GILD) stock price was viewed as an opportunity to buy shares of a historically great biotech company at a discount. But Gilead's stock price continues to fall, trading today where it did two years ago. The value play looks more like a trap. Investors once okay with waiting patiently for a Gilead rebound are growing frustrated, even angry, at the company's lack of progress. (I wrote about the challenges to Gilead's M&A growth strategy in July.) It's reaching the point now where Gilead CEO John Milligan (and before him, John Martin) is at risk of losing his perennial status as biotech's best, most trusted CEO. "Investors have broadly
- financeNicole Sinclair•7 hours ago
Both Donald Trump and Hillary Clinton have been doing their best to appeal to business owners on the campaign trail. Presidential candidate Hillary Clinton recently rolled out what she calls a job-creating package of reforms to jumpstart small business startups specifically. Karen Mills, who serves