Author: Vitaliy Dadalyan

Wall Street Weekahead: Trump-Biden debate could spark stock volatility

A strong performance in Tuesday's debate by Biden, who currently has a modest lead in betting odds and polls, might boost stocks related to global trade and renewable energy, while a perceived debate victory by Trump could benefit fossil fuel and defense companies. The first of three scheduled debates comes at a fraught moment on Wall Street. If one candidate emerges stronger on Tuesday, "the debate could be an individual stock and sector play," said Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors....

Lockheed Ramps Up Dividend By 8.3%, Boosts Share Buyback By $1.3B

Lockheed Martin’s board of directors has signed off on a 8.3% quarterly dividend increase to pay $2.60 per share and announced plans for an additional $1.3 billion share buyback.Lockheed Martin (LMT) said that its fourth-quarter dividend will increase by $0.20 per share over last quarter. The dividend is payable on Dec. 24, 2020, to holders of record as of the close of business on Dec. 1, 2020.In addition, the corporation's board has authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock as part of its share repurchase program. Following the increase, total authorization for future repurchases under the share repurchase program amounts to about $3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation, the company said.Lockheed Martin is a security and aerospace company that has about 110,000 people employees worldwide and is mainly engaged in the...