Month: May 2020

Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic.  “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
0 Comments
A worker examines cannabis plants at a Tilray farm. Source: Tilray Check out the companies making headlines after the bell. Novavax — The vaccine company’s stock skyrocketed 37% in extended trading after Novavax highlighted an outside investment of $388 million to advance the clinical development of its coronavirus vaccine candidate in its first-quarter earnings release. The
0 Comments
It’s a bit unusual for someone at the corporate level of a large-cap company to predict a stock’s low point during a crisis. That’s precisely what’s happening, however, in the case of JetBlue Airways (NASDAQ:JBLU) stock. Source: Roman Tiraspolsky / Shutterstock.com Calling stock-price bottoms is usually best left to qualified financial analysts (and, of course,
0 Comments
Take a look at some of the biggest movers in the premarket: Raytheon Technologies (RTX) – The defense contractor reported quarterly profit of $1.78 per share, beating the consensus estimate of $1.22 a share. Revenue also beat forecasts and Raytheon said it would not provide a financial outlook at this time due to pandemic-related uncertainty.
0 Comments
For years, precious metals mining companies like Newmont (NYSE:NEM) and Barrick Gold (NYSE:GOLD) floundered in relative obscurity. Following the bubble bursting in the commodities sector early last decade, miners found themselves out of favor with the broader market cycle. Simply, with enthusiasm returning to equities following the Great Recession, NEM stock appeared anachronistic to Wall
0 Comments