This is Why Eastman Kodak Just Plunged 30%

Eastman Kodak (KODK) plunged 30% after a $765 million loan from the U.S. government  to help make drug ingredients was put on hold. Regulators are also looking into allegations of insider trading.  “Recent allegations of wrongdoing raise serious concerns,” the US International Development Finance Corporation said. “We will not proceed any further unless these allegations … Continue reading “This is Why Eastman Kodak Just Plunged 30%”

Microsoft in Talks to Buy TikTok After Meeting with President Trump

There’s a chance Microsoft could buy TikTok. While talks between the two hit a snag after President Trump said he had plans to ban TikTok in the U.S., a possible deal may be back on the table.  All after Microsoft CEO Satya Nadella spoke to President Trump. “Microsoft fully appreciates the importance of addressing the … Continue reading “Microsoft in Talks to Buy TikTok After Meeting with President Trump”

Why Gold Could Hit $3,000 this Year

Gold could hit $2,000, even $3,000 this year. At the moment, the metal is up to $1,941 after gaining $40 on the day. From here, we could see $2,000, says Goldman Sachs.  Meanwhile, analysts at Citi say gold, “is expected to climb to an all-time high in the next six-to-nine months, and there’s a 30% … Continue reading “Why Gold Could Hit $3,000 this Year”

This is Why Moderna (MRNA) Was Just Downgraded

Just this morning, Moderna (MRNA) was downgraded by JP Morgan on valuation concerns. In fact, analyst Cory Kasimov said that while he is bullish on the stock, MRNA can no longer support the stock’s valuation. On that news, MRNA fell $10.  However, the pullback may not last long thanks to strong COVID-19 study results.  Remember, … Continue reading “This is Why Moderna (MRNA) Was Just Downgraded”

Semiconductor M&A: This May be the Biggest Deal of 2020

Semiconductor company Analog Devices (ADI) is reportedly in talks to acquire Maxim Integrated (MXIM) for about $20 billion, says The Wall Street Journal, which added this could be the biggest U.S. merger of the year. “There has been a flurry of activity in the semiconductor industry as chip makers seek scale and expand their product … Continue reading “Semiconductor M&A: This May be the Biggest Deal of 2020”

This is Why Face Mask Demand is Picking up Big Momentum

The coronavirus seems to get worse by the day. Months into the global pandemic, the virus has infected just over 11 million people worldwide, killing more than 530,000. U.S. states are backtracking on reopening plans as cases rise. Hospitals are being overwhelmed. There’s even fear global economies may need to be shut down again. “This … Continue reading “This is Why Face Mask Demand is Picking up Big Momentum”

Chesapeake Energy Files for Bankruptcy Protection

Chesapeake Energy (CHK) filed for bankruptcy protection. Rocked by $7 billion in debt, and a drop in oil and gas prices, the news comes as no shock.  As recently as May 2020, the company had concerns regarding its long-term viability. The company just said $7 billion in debt will be wiped out through restructuring, as … Continue reading “Chesapeake Energy Files for Bankruptcy Protection”

CBD Demand Creating a $24 Billion Investment Opportunity

The CBD boom has just gotten under way. U.S. sales reached $4.2 billion in 2019, a 562% increase year over year, according to the Brightfield Group.  At current pace, sales could reach $24 billion just in the next three years.  “The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger … Continue reading “CBD Demand Creating a $24 Billion Investment Opportunity”

Coronavirus: Moderna Inc. Nearing a Potential Vaccine

There’s fear the “second wave” of the coronavirus is already here. In fact, new cases and hospitalizations are aggressively sweeping across Florida, California, Texas, Alaska, Arkansas, Kentucky, Mississippi, North Carolina, Oregon, and South Carolina. Worse, according to former FDA chief Dr. Scott Gottlieb, coronavirus hot spots “could quickly get out of control.” Thankfully, we may … Continue reading “Coronavirus: Moderna Inc. Nearing a Potential Vaccine”

This is Why Markets Are Not Reacting to the Protests

There’s been plenty of misery over the last few weeks. The global economy closed up shop.  Businesses closed their doors.  Schools ended their years early.  Retailers boarded up, or went out of business.  Millions of people lost their jobs.  All thanks to the threat of the coronavirus. However, it looks like the worst has been … Continue reading “This is Why Markets Are Not Reacting to the Protests”