Author: Vitaliy Dadalyan

3 Gold Stocks for Any Market Conditions (but Especially Now)

If we look at the average annual returns for different asset classes in the last 10 years, gold has been an underperformer as compared to U.S. equities. I strongly believe that gold will likely match the performance of equities or out-perform in the next few years.The Federal Reserve recently announced that it will keep interest rates near-zero levels through fiscal year 2023. This is the key reason to be bullish on gold. Amid intermediate corrections, the hard currency is likely to trend higher as expansionary monetary policies continue and the dollar weakens.It's worth noting that the Fed expanded its balance sheet from $4.2 trillion in February 2020 to $7.0 trillion in September 2020. This is a clear indication of the aggressive expansionary policies likely to support gold.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Inflation is ComingRecently, hedge fund manager Stanley Druckenmiller warned that inflation can potentially hit 10%...

Patient Investors Will Stick With Very Cheap Bristol-Myers Squibb Stock

Bristol-Myers Squibb (NYSE:BMY) is incredibly cheap. For example, based on earnings estimates, BMY stock trades at just 7.8 times next year's earnings.Source: IgorGolovniov / Shutterstock.com In addition, it has an attractive dividend yield of 3.11%, which is likely to increase soon. I estimate the stock is worth at least $84.47, or 46% more than its present price.And that is after discounting its real worth significantly, to add in a margin of safety. The target price is primarily based on its expected earnings and dividends, its history, and comparisons with its peers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips BMY Stock Earnings and Dividend ExpectationsLast quarter, the company blew away analysts' earnings forecasts. It is likely to do so again this quarter. For example, Bristol Myers was supposed to hit $1.48 earnings per share in the second quarter, according to analysts' average estimates. But the actual EPS came in at...

Why Harley-Davidson Quit World's Largest Motorcycle Market

Iconic U.S. motorcycle brand Harley-Davidson Inc (NYSE: HOG) has decided to exit India \- the world's largest motorcycle market, as a part of its "Rewire" strategy of having a leaner operating model.What Happened: Harley had been struggling to make in-roads in India's motorcycle market dominated by low-cost players. As a result, it decided to shut shop in India as a part of its restructuring strategy introduced by Jochen Zeitz, chairman, president, and CEO, who had joined in May this year.Harley expects to complete the revamp in the next 12 months, which will include a reduction of approximately 70 employees, and a restructuring cost of $75 million.The company has hired former Tyson Foods, Inc. (NYSE: TSN) executive Gina Goetter as the new Chief Financial Officer, effective Sept. 30."India is a high volume, low margin market. They weren't structured to play that game, being at the very pointy end of the pyramid. The...

BP Hits 25-Year Low a Week After Unveiling Climate Strategy

(Bloomberg) -- Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas giant could adapt to a low-carbon future without sacrificing returns.The company’s shares closed in London on Thursday at 232.4 pence, the lowest level since October 1995. While falling crude prices and fears of the second wave of the coronavirus haven’t help BP, the slide suggests shareholders weren’t convinced by Looney’s pitch.“Investors remain skeptical,” said Mirza Baig, Global Head of Governance at Aviva Investors. “Particularly as this move is being forced on the company by climate change.”Looney took over as CEO in February, but the so-called “BP Week” this month was his...

Boohoo review finds 'many failings' in Leicester supply chain

Boohoo commissioned the review, headed by senior lawyer Alison Levitt, in July after a damaging British media report about factory working conditions. "Ms Levitt is satisfied that Boohoo did not deliberately allow poor conditions and low pay to exist within its supply chain, it did not intentionally profit from them and its business model is not founded on exploiting workers in Leicester," Boohoo said in a statement....