Jennifer Rogers talks to Yahoo Finance's Editor-at-Large Brian Sozzi about his recent interview with Macy's CEO Jeffrey Gennette, and an exciting new milestone for the department store chain.
Jennifer Rogers talks to Yahoo Finance's Editor-at-Large Brian Sozzi about his recent interview with Macy's CEO Jeffrey Gennette, and an exciting new milestone for the department store chain.
It’s been more than 25 years since Bill Bengen, a financial adviser in southern California, created the so-called “4% rule.” Bengen called his rule “Safemax”—the maximum amount you could withdraw each year and still say “safe.” If you want to make sure you don’t outlive your savings, goes modern financial advice, budget on withdrawing no more than about 4% of your portfolio in your first year of retirement, and then only adjust upward in line with inflation.
A former waitress for a North Carolina-based restaurant chain is suing the company after enduring months of alleged sexual assault and harassment including one instance when she received an anonymous threat after reporting that her private sex tape had been circulated amongst coworkers.
While the coronavirus pandemic has disrupted the global economy, Zoom Video, Netflix, Nvdia and AMD are among 24 fastest-growing companies expecting up to 603% growth in 2020
Jim Cramer discussed Tuesday on CNBC's "Mad Money" his "basket of winners" if former Vice President Joe Biden wins the presidential election.Cramer believes if Biden wins the election, the Democrats will be eager to throw money at the solar industry. Two solar stocks he likes: First Solar, Inc. (NASDAQ: FSLR) and Tesla, Inc. (NASDAQ: TSLA). Infrastructure is another industry Cramer believes will be a winner if Biden wins. If there is a democratic sweep, we could see an infrastructure package. Cramer likes these two infrastructure stocks: Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE).See Also: Trump, Biden To Have Microphones Muted In Final Debate When Rival Makes Opening RemarksCramer says the main difference between President Donald Trump and Biden is trade. He believes if Biden wins, there will be no more trade war with China. Cramer likes these Chinese play stocks: 3M Company (NYSE: MMM), Emerson Electric Co (NYSE: EMR) and Otis Worldwide Corporation (NYSE: OTIS).The biggest winners are the China consumer plays, which are Starbucks Corporation (NASDAQ: SBUX), Apple Inc. (NASDAQ: AAPL) and Nike, Inc. (NYSE: NKE) according to Cramer. He believes Nike will hit the $135 price range due to the company's Chinese business.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Container Store Surges On Big Q2 Sales Beat, Marie Kondo Partnership * Jason Snipe Gives His Bullish Thoughts On Wayfair, AutoZone(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Joe Biden has pledged to not raise taxes on any American who earns less than $400,000, but a new analysis published this week found that the Democratic presidential nominee's tax increase proposals could indirectly fall on the middle class.
The Justice Department’s lawsuit alleging that Google parent company Alphabet (GOOG, GOOGL) operates an illegal monopoly has revealed a potential threat to fellow tech giant Apple’s bottom line.
Home price gains continue to outpace wage growth, and low interest rates aren’t helping a whole lot.
The telecom company reported better-than-expected earnings, and its stock is bouncing back big time.
Only a small handful of U.S. oil producers will be worth investing in over the next few years, absent a major increase in oil prices, Pioneer Resources CEO Scott Sheffield told energy investors Tuesday. Sheffield said he hopes his company will be one of the winners. “I just think that there’s only going to be three or four really survivors, independents, and that’s going to be probably most likely (COP) EOG and Pioneer and maybe Hess long term,” he said on a conference call announcing Pioneer’s decision to buy (PE) (ticker: PE).
(Bloomberg) -- Polyus PJSC, Russia’s largest gold producer, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves.An audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, Chief Executive Officer Pavel Grachev said. That means the field -- accounting for more than a quarter of Russian gold reserves -- is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska.“The estimate of the reserves is an important milestone in development of the field,” Grachev said in an interview in Moscow.Sukhoi Log, located in the isolated Irkutsk region of Siberia, was discovered by Soviet geologists in 1961 and studied in the 1970s. The government had long considered offloading the deposit, and in 2017 sold the field in an auction to Polyus and a state partner, which the mining company later bought out.Polyus said earlier this year that it would focus on smaller projects and reducing its debt ratio in the coming years before developing the field. The company plans to announce details on expected production and investment at Sukhoi Log once a pre-feasibility study is ready by year-end. It previously said that costs could reach $2.5 billion, with annual output totaling about 1.6 million ounces.While developing giant deposits is typically a lengthy and costly process, the field may allow Polyus to boost annual output by at least 70%. Gold prices have rallied about 60% since the company purchased it, and reached a record in August as vast amounts of stimulus were pumped into economies to curb the damage from the coronavirus pandemic.“We want to show that a project of this quality and scale can and should be carried out, taking into account the best environmental standards, despite the hard-to-reach location,” Grachev said.More on Sukhoi Log:The audit shows that as well as economically mineable reserves, the deposit has 67 million ounces of total resources, up from 63 million ounces previously estimated.That figure may rise after more drilling and studies.Main investment is due to start in 2023. Polyus has already started spending on infrastructure for the project. There is also a plan on co-investing with the government on the reconstruction of a local airport.(Updates with details on deposit and development project from fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Separate the lump sum into three purposes: past, present and future. That will make your decisions easier.
The Dow Jones Industrial fell more than 150 points amid stimulus talks Thursday, while Tesla stock surged 5% on earnings.
Markets have shown two themes in recent weeks, a combination of uncertainty and an upward trend. Day to day, it’s impossible to predict just what will happen, but the larger scale movement has been upwards. Looking ahead, all we know is that current events will reinforce the uncertainty.Earnings season has started. As the market’s publicly traded companies report their Q3 results, we’ll get a clearer idea as the nature of the economic recovery. Q1 was a disaster, the second quarter was better than expected; while Q3 is also expected to beat the expectations, no one will be surprised if it belly flops. So far, our first hint was the September jobs report, which fell short of the forecast but nevertheless showed some 661,000 new jobs last month.The big wild card, of course, is the national election, now just weeks away. President Trump is fighting for his political life and the Democrat opposition is fighting to regain control of the levers of government. It’s an environment that practically screams for investors to take protective action for their portfolios. And it’s possible; even in an uncertain time, there are dividend stocks that promise reliable returns and risk mitigation. Using the TipRanks database, we’ve pulled two stocks with Strong Buy ratings and high dividend yields. Wall Street’s analyst corps sees them as ripe for investment returns, while the dividend yield of 9% or better promises relief from today’s low-rate regime. Hoegh LNG Partners (HMLP)Hoegh operates floating gas services, including storage facilities and regasification units that can act as LNG import terminals in the absence of shore-based infrastructure.Late this past summer, Hoegh announced a new CEO, part of a normal transition of leadership in the company. The remarkable aspect was that the transition occurred during the COVID outbreak – and that the company showed positive revenues and earnings during that time, avoiding the heavy losses that have plagued some of its competitors. Hoegh’s EPS has varied quarter to quarter over the past two years, but the Q2 numbers were in-line with the long-term average, and the Q3 outlook, to be reported next month, is in the same range.Steady earnings usually mean a steady dividend, and HMLP delivers. The company has a 6-year history of dividend reliability, and the payment, of 44 cents per common share, has been held stable through 2020. The $1.76 annualized payment gives an impressively high yield of 15.5%. This is more than 7x the average found among S&P listed dividend payers.Liam Burke, of B. Riley FBR, counts himself as a fan. He writes, “Despite near-term decline in global LNG consumption caused by the coronavirus, there is solid underlying demand for LNG, which is estimated to grow by more than 3% to 5% annually until 2030, which sets the stage for consistent demand for high return floating storage and re-gasification units (FSRU) beyond current contract periods. We continue to believe in the long-term strength of the LNG market and HMLP's underlying charters despite the inherent counter-party risks created by a near-term decline in LNG consumption related to COVID-19.”Burke rates HMLP shares a Buy, and his $17 price target indicates confidence in a 45.5% upside potential. (To watch Burke’s track record, click here)Overall, Wall Street has given HMLP 3 Buys and 1 Hold recently, for a Strong Buy consensus rating. The average price target is $13.67, suggesting a 19% upside from the current trading level of $11.41. (See HMLP stock analysis on TipRanks)Hess Midstream Operations (HESM)Next up on today’s list of dividend champs is Hess Midstream, a player in the US oil and gas industry. Hess provides infrastructure services for gathering, processing, storing, and transporting both crude oil and natural gas products in the Bakken formation of North Dakota.Production companies have kept the product flowing despite the coronavirus, which is one reason for the low prices in the oil markets – but it has also kept the midstreamers in demand. Hess has benefited from the continuing need for its technical knowledge of pipeline network, and the result has been that, while much of the oil industry had to retrench recently, Hess saw only modest losses in revenues while earnings remained in-line with their 2-year recent history. Second Quarter EPS was 29 cents; that was lower than Q1, but higher than 4Q19.Hess has turned its steady earnings to shareholders’ advantage, with a dividend that has been increased every quarter for the past 2 years. The last payment, sent in August, was 44 cents per common share. This gave a yield of 9.86%, strong by any standard.JPMorgan analyst Tarek Hamid says of Hess, “The unique pricing model underpinning core profitability remains unmatched and further helps to eliminate (to an extent) DAPL uncertainty overhang relative to peers. Longer-term growth prospects could come in the form of asset level acquisitions and potentially a framework tied to Hess’s GOM position, but management has conveyed a conservative approach with respect to corporate M&A… HESM will burn cash this year, though our modeling indicates a flip to FCF generation in FY21 on lower capital intensity and higher y/y profitability.”To this end, JPMorgan rates HESM an Overweight (i.e. Buy) along with a $23 price target. This figure suggests a 40% upside for HESM shares in the months ahead.Overall, this stock’s Strong Buy consensus rating is supported by 4 Buys and 1 Hold. Shares are selling for $16.46, and the average price target of $19.75 indicates a 20% upside potential. (See HESM stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The current day trading boom will end as these frenzies always do: in tears. While we wait for the inevitable crash, let’s review not only why day traders are doomed…
Furthermore, the Federal Reserve is giving the cryptocurrency a nice tailwind, he said, with unprecedented quantitative easing that’s setting the stage for inflation. Gold (GOLD) , copper (COPPER) and the long end of the yield curve are the more traditional inflation options, but they won’t keep up with bitcoin, according to Jones, who has lofty expectations for returns along the lines of Google (GOOG) and Apple (AAPL) . The stock market was also on the rise, with the Dow Jones Industrial Average (DJIA) , Nasdaq Composite (COMP) and S&P 500 (SPX) all gaining ground.
The 'Zoom Effect' powers a big quarter from Invisalign maker Align Technology.
Tesla Inc. Chief Executive Elon Musk called the electric car maker's third quarter its best quarter ever, but investors should also take into account the fact that the quarter was buoyed by $397 million in regulatory credits.
Just two weeks ago, the markets were factoring in an all-but-certain Biden victory in the upcoming presidential election as well as a “Blue Wave” of democrats taking control of the Senate and Congress as well as the presidency. This would mean a path of least resistance for a new stimulus bill. But, now not all is as it seems; market participants are taking a more thorough, deeper second look at the polling numbers. JPMorgan strategist Nikolaos Panigirtzoglou believes that election odds are narrowing making a contested result that could hamper stimulus and hurt stocks more likely. A mixed bag of election results would mean a difficult time passing a stimulus package and betting markets are beginning to price in a more narrow election result. A tighter, more contentious election result could hurt the bank’s expectations for their market outlook. Despite all of that potential malaise, JPMorgan stock analysts are holding steady on their calls for these three dividend stocks, yielding some 4% or more, and potentially more if price targets are met. We ran them through TipRanks database to see what other Wall Street’s analysts have to say about them.Hemlerich & Payne (HP)We’ll start with a company that engages in oil well drilling and gas exploration. Hemlerich & Payne's fortunes have been adversely affected from COVID-induced selling and low demand for oil products. The company has been idling rigs over the past quarter in response to the demand for their products. As a result, HP's dividend has dropped from 71 cents per quarter to an expected 25 cents per quarter for Q3 and Q4, respectively, giving FY 2020 a total dividend of $1.91 per share. The dividend is expected to remain at 25 cents per quarter providing $1.00 per share throughout 2021. On the current reference price of $14.90 this gives a yield of 6.71%.Covering the stock for JPM, analyst Sean Meakim remains cautiously positive. The analyst rates HP an Overweight (i.e. Buy) along with an $18.00 price target. This figure implies a 22% upside from current levels. (To watch Meakim’s track record, click here)"Our modeling still suggests that generating positive FCF in FY2020 is far from guaranteed (JPMe -$30mm v. -$35mm prior), but we think HP has the balance sheet strength to remain patient and execute on its strategic priorities, particularly surrounding technology adoption and value capture from performance-based contracts," Meakim opined.What does the rest of the Street think? Looking at the consensus breakdown, opinions from other analysts are more spread out. 3 Buys, 3 Holds and 2 Sells add up to a Moderate Buy consensus. Shares are priced at $14.80, and the $17.92 average price target is in-line with JPM's. (See HP stock analysis on TipRanks)Kraft-Heinz (KHC)Kraft-Heinz, and its subsidiaries manufacture and market food and beverage products in the United States and throughout the world. With revenue of some $25B annually, the company has a market capitalization of $40B. The current dividend on the company has a quarterly payout of 40 cents with an annual payout of $1.60. Given the stock price of $31.44, with the annual dividend at $1.60, this gives a yield of 5.0%. It should be noted that currently, KHC has a 9.9% FCF yield and therefore with the current revenue rate will be able to maintain their current dividend payout. Writing for JPM, analyst Ken Goldman points out five key factors in determining his bullish stance on KHC. The analyst believes that: First, EBITDA is reasonable and can be achieved; Second, the focused strategy to grow internationally is an important aspect of the KHC’s strategy; Third, that KHC’s high dividend should perform well; Fourth, that the 9.9% FCF yield remains attractive vs. 6.5% large-cap median; and fifth that the company should buy back shares. Backing his optimistic stance on KHC, Goldman gives the stock an Overweight (i.e. Buy) rating, and his $39.00 price target implies a 25% upside from current levels. (To watch Goldman’s track record, click here)Wall Street is moderately bullish on the stock. Of the 13 reviews, 6 are for a Buy, 6 are for a Hold and one is for a Sell. The stock’s current price of $31.14 is a 16% increase for the average price target. (See KHC stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Shares of McAfee Corp. stumbled out of the gate Thursday, as the first trade was 7.0% below the initial public offering price. The profitable security-software company's IPO priced late Wednesday at $20 a share, which was at the lower end of the expected range of between $19 and $22. The company sold 30,982,558 shares in the IPO to raise $619.7 million, and selling shareholders sold an additional 6,017,442 shares. The stock's first trade was a $18.60 at 11:53 a.m. Eastern for about 4.1 million shares. The stock has since pared some losses to trade 5.6% below the IPO price. The company has returned to the public markets at a time of relatively strong investor demand for IPOs, as the Renaissance IPO ETF has run up 24.6% over the past three months, while the S&P 500 has gained 4.8%.
Natural gas may just be on track to become the world’s most important resource over the next decade as the world races to ditch other fossil fuels