Month: November 2020

TipRanks

Billionaire Israel Englander Pours Money Into 2 “Strong Buy” Stocks

Following the wild ride that was 2020, where does the market go from here? Major strides have been made in the COVID-19 vaccine race, yet the near-term picture remains unclear, blurred by the virus’ resurgence and the stimulus stalemate on Capitol Hill.In times like these, the investing greats can serve as a source of inspiration, namely billionaire Israel “Izzy” Englander.Who exactly is Englander? The legend, who started trading stocks when he was in high school, began his career interning at investment firm Oppenheimer, later going on to purchase a

South Korea’s sovereign-wealth fund made big changes in some of its biggest U.S.-traded stock investments.

Korea Investment Corp. cut investments in Alibaba Group Holding (ticker: BABA), Apple (AAPL), and Intel (INTC) stock in the third quarter. It also more than doubled its holdings of General Motors (GM) stock. KIC, as the fund is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.

KIC…

House members could vote as early as Wednesday to boot Chinese companies with shares on U.S. exchanges if they don’t adhere to audit-oversight rules. Companies such as Alibaba Group Holding Ltd.
BABA,
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would be faced with making the transition to undergoing an annual audit reviewed by American regulators within three years or be kicked off the New York Stock Exchange or Nasdaq Stock Market. The bipartisan legislation, which requires a two-thirds majority for passage, unanimously passed the Senate in May. Chinese officials have criticized the bill, which is much harsher than a Securities and Exchange Commission proposal under consideration

Zoom Video Communications is set to report October quarter results on Monday.

The company’s (ticker: ZM) videoconferencing service has become a work-from-home standout, with everyone from major businesses, schools, and families using the service to connect while stuck at home. That has been huge for Zoom, which saw its July quarter sales soar 355{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} year-over-year.

Zoom…

Fb reported combined third quarter earnings on Monday, barely lacking income estimates however persevering with to develop its person base within the face of a number of controversies which have sparked widespread criticism and requires tighter regulation.

Listed below are an important numbers from the report in comparison with analysts’ expectations, as compiled by Bloomberg:

• Income: $29.01 billion versus $29.45 billion anticipated

• Earnings per share: $3.22 versus $3.17 anticipated

• Household every day lively customers: 2.81 billion versus 2.76 billion anticipated

• Household month-to-month lively customers: 3.58 billion versus 3.51 billion anticipated

The social community saved person development regular at 12{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for

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This Thanksgiving is sure to be unlike any other in recent years. Amid rising Covid-19 cases across the country, health officials have warned against air travel and large gatherings for the holiday. And yet, the

Dow Jones Industrial Average

recently closed above 30,000 for the first time. That doesn’t mean traders won’t take a well-earned day off.

Is the Stock Market Closed on Thanksgiving and Black Friday?

The New York Stock Exchange and Nasdaq will be closed

The original article featured comments from Mike Loewengart, who is now the managing director of investment strategy at E-Trade (which was acquired by Morgan Stanley in October) and Lewis Altfest, president of Altfest Personal Wealth Management, which manages about $1.4 billion for private clients in New York.