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According to analysts, AT&T (NYSE:T) stock should more than cover its dividend when the company next reports earnings Oct. 26.Source: Jonathan Weiss / Shutterstock.com The consensus among analysts is for 77 cents per share of earnings. The dividend costs 51 cents.But in a world where the 30-year government bond yields 1.4%, AT&T stock is down 6.3% from its last earnings report on July 23. This despite a yield that now totals 7.16% per year. That's higher than Chevron (NYSE:CVX).InvestorPlace - Stock Market News, Stock Advice & Trading TipsHow can this be? AT&T is the leading provider of mobile services, a business certain to take off with 5G. It is a major provider of wired broadband as well. Its press release on earnings claimed good things are coming from its entertainment unit, WarnerMedia.What's wrong? The DebtWhat's wrong is the balance sheet, which showed over $175 billion of debt at the end of...
The economic downturn in 2020 has been particularly hard on oil and gas stocks. However, Bank of America analyst Asit Sen believes energy earnings have troughed for this cycle and are now on the upswing.Bank of America is projecting volumes and EBITDA margins will improve in coming quarters, and selective traders have plenty of buying opportunities in the space."We believe the 2H20 outlook is 'less bad' following a very tough 1H20 and we are close to a cyclical bottom," Sen wrote in a Thursday note.Looking ahead to 2022, Sen is projecting a normalization of global oil stockpiles and a recovery in global demand that exceeds supply.Clean Energy Transition: Sen supports the idea of a global transition to clean energy, but he isn't anticipating that transition will have a meaningful impact on global oil demand for at least another decade. Meanwhile, he said investors don't seem to fully appreciate the impact that...
John Kagia, New Frontier Data Cheif Knowledge Officer, joins Yahoo Finance's Zach Guzman to discuss the cannabis outlook amid COVID-19 and the 2020 Presidential election....
Amazon has launched its new Luna cloud gaming service, and could become an even bigger threat to Microsoft, Sony, and Nintendo....
The recent direction of the U.S. dollar points to former Vice President Joe Biden defeating President Trump in the upcoming election, but a lot can change before Nov. 3....
Global logistics company C.H. Robinson is offering a free tool for large shippers that it says uses data and AI to disrupt the traditional annual bidding process. ...
