Oct.06 -- Tyler Goodspeed, acting director, United States Council of Economic Advisers, says the economy could use some more support. He speaks on "Balance of Power."
Oct.06 -- Tyler Goodspeed, acting director, United States Council of Economic Advisers, says the economy could use some more support. He speaks on "Balance of Power."
I can easily live on a $60,000 budget (including taxes) but often it is less than that. Health insurance is probably one of the most crucial — if not the most crucial — consideration you’ll need to make before you leave your job.
How much money people have put away for retirement varies, naturally, by their age group. See how your savings stack up.
After the worst week since March, investors should be defensive, build up watchlists and await a new, positive stock market direction.
Fisker stock rose in its debut Friday on the New York Stock Exchange as blank-check mergers continue to churn out electric car stocks.
Avoid making these errors and you'll enjoy a better financial life, the money guru says.
The 2020 U.S. election is taking place on Nov. 3 with President Donald Trump and former VIce President Joe Biden battling for the lead position.Gold Price Analysis: The U.S. presidential election will play a huge role in shaping the global economy and gold prices are expected to react in the run up to the election day. So how important is it for the safe haven asset gold if Biden or Trump makes it to the White House?"There is no doubt that we are likely to see increased volatility in stock markets in the run up to the election day and investors seeking traditional safe havens such as gold, particularly if the race between the two candidates gets very close and there is a growing risk of a contested outcome," writes Saida Litosh, manager of precious metals analysis at Refinitiv.Biden or Trump Impact: If the past is any indication, a second Trump administration would mean a "turbulent and polarizing first term" which in turn would add further volatility and uncertainty, although the potential for radical policies could be lower in the second term should Congress remain divided, Refinitiv highlights.However, a Biden win would represent a return to a more conventional administration resulting in less volatility associated with political risks and international tensions."Historically gold price movements in the aftermath of previous U.S. presidential elections suggests little evidence of a clear relationship between the gold price and the election outcome based on party affiliation," says Litosh.Fosterville South Exploration CEO Bryan Slusarchuk says, for thousands of years, gold has acted as a hedge against uncertainty, a currency and a store of wealth. Both Trump and Biden have promised huge amounts of stimulus and huge amounts of easing."Both [Trump and Biden] have been vocally supportive of various policies that amount to quantitative easing and therefore gold ought to react well no matter who is elected," says Slusarchuk.Stepping beyond financial conditions, which will serve to propel gold higher, we need to consider gold's function as a hedge against uncertainty, says Slusarchuk.Gold Has Explosive Upside: Slusarchuk says this election is going to be perhaps the most divisive election in the history of the United States."It may be contested, the outcome may not be certain and its legitimacy will no doubt be challenged in some circles no matter which side is victorious," says Slusarchuk.He believes a bitter, contested election would also potentially have many negative consequences and would represent the very definition of uncertainty which is something gold hedges against."I believe gold has explosive upside in the coming months and this is predicated on economic and financial conditions, but the uncertainty of the election outcome will only serve to accelerate its upward trajectory," adds Slusarchuk.Price Action: The SPDR Gold Trust (NYSE: GLD) was up 0.37% at $179 at the time of publication Monday, while the VanEck Vectors Gold Miners ETF (NYSE: GDX) was up 0.89% at $38.55.See more from Benzinga * Click here for options trades from Benzinga * Check Out The Benson On Madison Ave. With Condos On Sale From .5M (PHOTOS) * Why GameStop's Stock Is Trading Lower Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
October somewhat lived up to its name as a "jinx month" for the S&P 500. But investors who found top stocks still won big gains.
If you’re married, you’ll often do better with a joint claiming strategy for Social Security benefits. As I wrote last time, that usually works best if the two spouses are close in age and if one spouse earned considerably more than the other did during their work lives. Divorced and widowed spouses can collect spousal or survivors’ benefits—benefits based on a spouse’s lifetime earnings—with some restrictions.
In the last few months, AT&T (NYSE:T) formed a downtrend as its dividend yield rose. Shareholders braced for the worst ahead of its third-quarter earnings report. Instead, AT&T stock bounced back sharply from the yearly low to close to $27 today. Source: Roman Tiraspolsky / Shutterstock.com Besides the generous dividend yield in the 7.5% range, investors may resume accumulating shares despite its other risks. In the third quarter, AT&T posted impressive subscriber growth in wireless and fiber broadband. This lifted cash flow and reaffirms the company’s financial strength continued in the period. The telecom giant added over 5 million domestic wireless accounts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Within that, it added over 1 million postpaid customers and 245,000 prepaid net additions. The net churn of 0.69% is a sharp improvement from 0.77% last year. 7 Coronavirus Stocks to Buy for the Second Wave The entertainment group fared well, as AT&T added 357,000 Fiber customers. Still, premium TV losses are troubling but expected. A Closer Look at AT&T Stock WarnerMedia’s domestic HBO and HBO Max subscriptions were 38 million and 57 million globally, respectively. Importantly, AT&T noted that “Domestic HBO and HBO Max subscribers do not include customers that are part of a free trial.” Investors should not take the small detail of including trial users lightly. Once the trial ends, the user base may either fall sharply or not grow as much as the numbers imply. The company did not specify how much it lost from the Warner Bros. film and television unit. Still, its expenses fell to $36.2 billion, compared to $36.7 billion last year. Turner programming costs rose as it shifted sports programs from the earlier part of the year. Apple’s (NASDAQ:AAPL) iPhone launch is a positive catalyst for driving subscription growth in wireless. For example, customers need a low band spectrum to penetrate inside buildings. So, as it continues to upgrade its network, it will promote the iPhone launch concurrently. This will lead to low churn rates, thanks to the satisfied customer base. AT&T is managing its cash flow well, despite the potential headwinds from its media division. It did not give guidance on its capital spending plans yet. When it does so later on this year, investors will have a better idea of how it manages to spend against cash flow. The current financial strength suggests that the dividend is very safe. If AT&T modifies any of its spendings, it is more likely to buy back more stock or raise its dividend slightly. This would signal the confidence it has in its balance sheet. Income investors would accumulate more AT&T shares. Furthermore, the very low-interest-rate environment would encourage investors to hold its stock than to stay in cash. For AT&T, the low rates will decrease the cost of interest on debt upon its renewal. Fair Value Click to EnlargeSource: StockRover.com On simplywall.st, the estimated fair value is $70. This is based on its future cash flow discounted to present value. Conversely, the company has strong profitability characteristics. Look at the gross margin, right. It is on par with the industry and above that of the S&P 500 index: To reach its full value, AT&T still needs activity from the Warner unit recovering. The Covid-19 environment hurt the business earlier this year. Although infections are on the rise again, Warner has around 130 productions up in running. By comparison, it had 180 productions active in Feb., before the pandemic hit. Chances are high that California and New York will face increasing restrictions because of the pandemic. Beyond the holiday and winter season, the virus spread may ease. Plus, the government will approve a vaccine by then, further lifting restrictions. In this scenario, investors should buy AT&T and hold it for the long-term. This is the lowest risk way of playing the re-opening of studios and movie production activity. Disclosure: On the date of publication, Chris Lau did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Daily Picks: Stocks to Buy Ahead of the Election The post It Looks Like the AT&T Stock Downtrend Is Turning Around Finally appeared first on InvestorPlace.
“It’s hard to argue that the country doesn’t have infrastructure problems,” says Scott Davis, CEO of Melius Research. Well, there’s a giant need for greater and more accurate coronavirus testing and tracing capabilities—and that will help the companies that supply them. (ABT)’ (ticker: ABT) six coronavirus tests drove a 39% gain in third-quarter diagnostic sales.
Nov. 3 is just the next upheaval in an extremely volatile year.
As the world increasingly demands mobility for work and learning because of the pandemic, sales of Apple's (ticker: AAPL) Macs and iPads have helped offset a decline in iPhone sales. After all, users were patiently waiting for the new 5G iPhone 12 to come out. In terms of iPhone sales, which make up the biggest single chunk of Apple's revenue, declined more than 20% year over year.
Royal Dutch Shell, Cintas, Newmont, and AbbVie were among the companies that announced dividend increases this week. Exxon Mobil maintained its payout.
Markets are down, but not collapsing. Investors remain worried about the coronavirus, and Tuesday’s election remains up in the air. Uncertainty rules the day, exacerbated by recent market losses. Wall Street, however, expects that the bulls will start running again after next week’s results – who wins will be less important than having a result.In the meantime, market declines and low share prices make for a prime time to buy in – if you judge the bottom correctly. Do that, and the rest is just ‘buy low and sell high.’ And to that end, Wall Street’s analysts have been pointing out stocks that may have hit bottom.Using TipRanks database, we pinpointed three such stocks. Each is down significantly, but each also has a Strong Buy consensus rating and at least 30% upside potential for the coming months.Fury Gold Mines (FURY)Gold – just the precious metal asset – has grown popular during the course of 2020. The coronavirus crisis and investors’ desire for a stable store of value pushed it above $2,000 earlier this year, and one ounce of gold is still selling for over $1,800. For those who haven’t got that kind of resource, however, buying stock in gold miners may be the next best thing.Fury Gold Mines is a small-cap mining company headquartered in Toronto and focused on exploiting the vast resources of the Canadian North. With mines in British Columbia, northern Quebec, and the far-north territory of Nunavut, Fury has large gold reserves in both open pit and underground mines. World gold production dropped by 1% in the last 12 months, giving the first hint that we may be at ‘peak gold,’ and prices will soon increase further.That development would bode well for Fury, which operates at a net loss. The company formed earlier this year, as a restructure of Auryn Resources that involved a merger with Eastmain and the divestment of Peruvian mines. The result is a company that is focused on Canadian development, able to take advantage of Canada’s stable work environment.The stock saw sharp declines recently, when the new FURY ticker started trading, taking Auryn’s place in the market and keeping the older company’s trading history. The drop saw Fury shares shed 67% this month.Covering the stock for Cantor, analyst Matthew O’Keefe sees plenty of upside ahead. The analyst noted, "Based on a combined gold equivalent resource of 3.9Moz, Fury is trading $43/oz versus peers at $60/oz. We expect that, as the new management makes its mark with new drill results (towards the end of 2020 and throughout 2021) and demonstrates advancement of its projects, the stock should move up."But how much up? O’Keefe’s $2.60 price target on FURY suggests a 126% upside potential for the coming year and supports his Buy rating. (To watch O’Keefe’s track record, click here)The Wall Street analyst consensus on Fury is a Strong Buy, based on 4 Buy ratings with no Sells or Holds. The stock is selling for $1.13 and its $3.37 average price target suggests it has room to nearly double in the next 12 months. (See FURY stock analysis on TipRanks)Star Bulk Carries (SBLK)Next up, Star Bulk Carries, is a Greece-based shipping company specializing in the dry bulk ocean carry trade, the backbone of the world’s shipping industry. Star Bulk operates a fleet of 116 carriers, ranging in size from ~50,000 tons to giant Newcastlemax bulk haulers rated over 200,000 tons. The trade disruptions caused by corona were hard on the industry, and SBLK was no exception. The stock is down 47% year-to-date. However, the company’s financial performance this year has been in line with its historical pattern – the first half of a calendar year sees a net loss, while the second half sees net gains. The losses in 1H20 where normal for SBLK’s pattern – and the outlook for Q3 is a return to net profits, with EPS projected at 30 cents.Covering this stock for Deutsche Bank, analyst Amit Mehrotra notes a series of related points: “[We] think the company’s net debt position should improve by about $50M vs. 2Q levels, reflecting cash flow generation in excess of >$40M of debt paydown in 3Q. We also expect the company’s prospective breakeven to reduce to under $11k per day… While we remain frustrated by the lackluster performance of SBLK shares in the context of above-mentioned improving fundamentals...we remain very comfortable that the intrinsic value of SBLK’s equity value is improving in the current environment…” Mehrotra sums up his view of Star Bulk succinctly: “On the whole, we’re encouraged by the fundamental trajectory of the company…” The analyst rates SBLK a Buy, while his $15 price target implies an upside potential of 143% from current levels. (To watch Mehrotra’s track record, click here)With 3 recent Buy reviews, SBLK holds a unanimous Strong Buy rating from the analyst consensus. The stock is currently trading at $6.18 and has an average price target of $12.09, making the one-year upside 96%. (See SBLK stock analysis on TipRanks)Heritage-Crystal Clean (HCCI)Pollution is a problem, no matter what. We all want a clean environment to live in, and we should all care about how modern industrial pollutants are disposed of. Heritage-Crystal Clean inhabits that clean-up niche, providing environmental cleaning services, including vacuum services for street cleaning, light industrial and mechanical parts cleaning technology, and a variety of waste recovery services including recovery and disposal of oil and oil products, antifreezes, and general industrial liquid waste. It’s an important, often overlooked, and vital niche in a modern technological society.After a dip into negative territory in Q2, HCCI reported stronger results for Q3. Revenues gained sequentially from $74 million to $82 million, and EPS swung from a 31-cent loss to an 18-cent gain. Despite the positive results, both earnings and revenues remain depressed compared to the year-ago quarter, and the stock has failed to regain traction after last March’s decline. HCCI is down 49% year-to-date.Roth Capital’s Gerry Sweeney, in his comments on this stock, notes that “Revenue continues to rebound as economic activity improves from COVID shelter in place orders... The highlight in the quarter was a faster than anticipated rebound in margins. While margins are still down from last year’s pre-pandemic level of 25.7%, they are up from 2Q margins of (28.2%). The improvement was driven by higher labor utilization and leverage of assets, lower solvent costs, and the internalization of waste disposal…”Sweeney rates the stock a Buy. His $21 price target indicates confidence in a solid 32% upside for the next year. (To watch Sweeney’s track record, click here.)Over the past three months, three other analysts have thrown the hat in with a view on HCCI. The three additional Buy ratings provide the stock with a Strong Buy consensus rating. With an average price target of $20.75, investors stand to take home a 30% gain, should the target be met over the next 12 months. (See HCCI stock analysis at TipRanks)To find good ideas for beaten-down 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.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
Alibaba and four other China internet stocks are in or near buy zones. They are somewhat shielded from U.S. and Europe coronavirus fears.
In recent years, penny stocks have become a go-to investment for their low cost. These types of stocks usually trade below the five-dollar mark, making them ideal for first-time investors as well. Although, penny stocks have their fair share of critics, the investment has garnered a cult following over the years. Many find it to be a lucrative investment avenue. Penny stocks are especially popular in periods of economic uncertainty, as investors look for assets with a low capital cost. But although penny stocks trade at a low price, there are known for their high volatility. This means they can make huge moves in a single day, generating high returns.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 Coronavirus Stocks to Buy for the Second Wave Given that penny stocks come with high risk, it is essential that you pick the stocks that show strong growth potential. With that said, let’s take a look at some of the top penny stocks to watch in November. None of these are sure bets, but they all have growth opportunities: Nokia (NYSE:NOK) Titan Pharmaceuticals (NASDAQ:TTNP) Waitr Holdings (NASDAQ:WTRH) Dynavax (NASDAQ:DVAX) Rolls Royce Holdings (OTCMKTS:RYCEY) Neos Therapeutics (NASDAQ:NEOS) Cinedigm Corp (NASDAQ:CIDM) Penny Stocks: Nokia (NOK) Source: rafapress / Shutterstock.com It’s no secret that Nokia (NYSE:NOK) had a tough year, and its latest earnings didn’t help matters. The telecom giant reached a high of $5.14 in August before falling to $3.35 this month. But, there are some events suggest that things are finally taking a turn for the better. The Finnish company announced that it has secured a $14.1 million grant from NASA to create a cellular network to the moon. Nokia will partner with Intuitive Mechanics to build a 4G/LTE network to the moon by 2022. The goal is to create a communications hub for future missions and enable better exploration of habitation on the moon. Titan Pharmaceuticals (TTNP) Source: Shutterstock The biotech space saw a lot of action this year as the race to the Covid vaccine pushes full steam ahead. While Titan Pharmaceuticals (NASDAQ:TTNP) is not a major contender for the vaccine, it does create therapeutics to treat chronic illnesses. TTNP stock is down 39.31% this year but shows promise for future growth. On Sept. 15, Titan Pharmaceuticals announced that its partner company, Molteni entered a deal with Accord Healthcare. The healthcare company will commercialize and distribute Sixmo in the EU. According to Titan, “Sixmo is indicated for substitution treatment for opioid dependence in clinically stable adult patients.” This could translate to increased revenue for Titan and improve its bottom line. 7 Growth Stocks Running On Fumes TTNP has been on an upward trend this past week and could keep going higher. Keep an eye on this penny stock. Waitr Holdings (WTRH) Source: PREMIO STOCK / Shutterstock.com Another industry that has seen a lot of activity this year is the food delivery services. As people work and play from home, food delivery has now become an essential service. One company that has benefitted from this trend is Waitr Holdings (NASDAQ:WTRH). Dubbed as “mini Uber eats,” Waitr stock is up roughly 700% this year. Unlike larger companies like Uber Eats (NYSE:UBER) and Postmates, Waitr serves smaller communities. The company’s share price went as high as $5.85 this year before falling back to $2.57 this month. However, Waitr shows signs of its momentum picking up once again thanks to a tableside service app. The new technology will allow customers to order food and pay their bill by scanning a QR code on the Waitr app. This means customers can enjoy a meal at a restaurant with zero contact. The pandemic is likely to change traditional dining as we know it and Waitr’s savvy new app caters to this “new normal.” If that takes off, then WTRH stock could as well. Dynavax stock (DVAX) Source: Shutterstock Another penny stock that is a beneficiary of the biotech momentum is Dynavax (NASDAQ:DVAX). The company uses cutting-edge technology to produce vaccines for the masses. The stock is currently trading at $4.16 and analyst estimate the price could go higher. This confidence stems in part from Dynavax’s involvement in the Covid-19 vaccine race. But it’s not developing the vaccine itself. Rather, it’s developing an adjuvant to be delivered in combination with Medigen’s vaccine. The dual therapy has been granted a subsidy by Taiwan’s government and clinical trials have begun. And analysts also expect to see a resurgence in sales for its hepatitis B treatment, Heplisav-B. Maybe that’s why the analysts’ consensus price target is $12, suggesting over 200% upside. 7 Marijuana Stocks for an Election Day Boost If either of these two options takes off, it could make this penny stock well worth your time. Rolls Royce Holdings (RYCEY) Source: Matheus Obst / Shutterstock.com The name Rolls Royce Holdings (OTCMKTS:RYCEY) is often synonymous with luxury cars, but the actual company has little to do with the auto industry itself. Rolls Royce Holdings is in fact a major player in the engineering space and creates technology for aerospace, big data and defense. But as pandemic brought its aerospace segment to a halt, the other businesses are picking up the slack. Rolls Royce recently announced a new R&D investment in its Power Systems business for $13.9 million. The goal behind the investment is to grow its power generation facility in Minnesota. The company is one of nine members chosen to build a nuclear power station in the U.K. This is in an effort to reduce carbon emissions in the country. This power segment will be a huge growth driver for RYCYE stock in the future. Neos Therapeutics (NEOS) Source: luchschenF / Shutterstock.com Neos Therapeutics (NASDAQ:NEOS) is another innovative company making waves this year. The company creates treatments for people with Attention Deficit Hyperactivity Disorder (ADHD). Neos hit some major lows these past few years but is finally putting its dark days behind. Trading at just 70 cents per share, the penny stock is a steal at this price Sales of the company’s amphetamine treatment of ADHD became stagnant during the pandemic. However, as classes go back in session via remote learning, sales of the medication are picking up. In addition to this, the company has also introduced a new co-pay program, Rx Connect. The goal behind this innovation is to increase the profitability of each prescription. 4 Best Bang-For-Your-Buck Stocks -- With Dividends to Boot This technology, alongside cost-cutting initiatives, should help NEOS stock get back on track. Keep an eye on this investment. Cinedigm Corp (CIDM) Source: Pavel Kapysh / Shutterstock.com Digital entertainment has become the next big thing this year as theatres remain closed for the foreseeable future. Cinedigm Corp (NASDAQ:CIDM) is an entertainment company with a growing presence in this sector. The company distributes its products for Hallmark and Televisa (NYSE:TV) among others while also partnering with bigger players like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX). Although Cinedigm Corp has been on a downward trend, the company recently announced that it will be expanding its digital streaming segment through television. It has already secured partnerships with Roku (NASDAQ:ROKU) and Samsung to spearhead this development. The new expansion will allow Cinedigm to reach over 15.2 million eyeballs. At a current price of just 50 cents, CIDM is a penny stock that’s worth watching in November. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for InvestorPlace since 2020. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Daily Picks: Stocks to Buy Ahead of the Election The post 7 Penny Stocks to Watch in November appeared first on InvestorPlace.
The shares have a dividend yield of only 1.04%. For more attractive yields among companies with plenty of free cash flow (based on his team’s estimates) to cover current dividends and hopefully to raise them, McMahon named General Mills Inc. (GIS) with a dividend yield of 3.30%, and Diageo PLC (DEO) whose American depositary receipts have a yield of 3.21%. For some industries, different metrics are used to gauge dividend coverage, so there are three groups of stock screens below.
Visa Inc. and Mastercard Inc. are often viewed as one and the same in the investment community, but the small differences between their businesses are coming into focus as the COVID-19 alters the way people spend their money.
I’ve been a stay-at-home mom for five years to a 4-year-old and 2-year-old. Obviously I need to go back to work but am I too late in the game to be able to enjoy “retirement” years? You’re definitely not too late to enjoy your future retirement years.