Skip to content
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Anjalee Khemlani discuss Moderna’s timeline in the race for a COVID-19 vaccine....
In the final leg of 2020, does the market have what it takes to reach a record high? If you ask J.P. Morgan, the answer is yes.According to strategist Dubravko Lakos-Bujas, the S&P 500’s earnings are bouncing back more quickly than expected thanks to the Federal Reserve’s accommodative monetary policy, global reopenings and long-term tech plays. He argues this earnings trend could power the index’s rally to a record 3,600, reflecting a 6% gain from current levels.Tech is the key here. Although the space has had a rough going recently, the strategist sees the latest pullback as “healthy," noting that tech names are still relatively insulated from COVID’s economic impact. Tech profits could also potentially help offset earnings weakness in the broader market.“As for COVID-19 sensitive companies, Q2 likely marked the bottom with earnings to see a sustained recovery as the economy rebounds, and consumer and corporate behavior gradually normalize,” Lakos-Bujas...
(Bloomberg) -- Apartment rents are plunging in high-cost cities from New York to San Francisco. Now, places that were less popular before the pandemic are suddenly in high demand.The biggest increase in the third quarter was in California’s Inland Empire -- Riverside and San Bernardino counties -- where effective asking rents for apartments jumped 4.4%, thanks to the boom in distribution warehouses outside Los Angeles, according to data from RealPage Inc.That was followed by Sacramento, California; Virginia Beach, Virginia; Greensboro, North Carolina; and Memphis, Tennessee. By contrast, San Francisco rents fell 11% and New York’s dropped 8.5%.For the analysis, RealPage looked at effective asking rents, which factored in concessions from landlords.Big international cities were hit hardest in part because a bigger share of their workers are in tourism, entertainment, restaurants and other businesses most hurt by Covid-19 lockdowns. The slow-and-steady markets, on the other hand, are especially attractive now that so...
New research highlights how Obamacare being overturned would bring a major tax cut for the richest Americans....
While The Interpublic Group of Companies, Inc. (NYSE:IPG) might not be the most widely known stock at the moment, it......
Tech companies, including many chip makers, have been one of the main beneficiaries during the coronavirus pandemic amid increased internet usage due to the remote working and online education trend as well as the accelerated transition to cloud solutions. However, at the same time, the semiconductor industry was also hurt by supply-chain disruptions due to the COVID-19 outbreak.Last month, the Semiconductor Industry Association reported that July global semiconductors sales grew 4.9% Y/Y and 2.1% M/M to $35.2 billion. The association feels that the semiconductor market remained largely resistant to global macroeconomic headwinds through the first 7 months of 2020, but substantial market uncertainty remains for the rest of the year.We will now use the TipRanks’ Stock Comparison tool to line up Micron and Intel alongside each other to see what the near-term holds for these chip makers.Micron Technology (MU)Micron is considered as one of the prominent names in the semiconductor industry....
