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On Tuesday, Boris Johnson surprised Washington by announcing a ban on all new Huawei 5G equipment after Dec. 31. Separately, Digital Secretary Oliver Dowden stated that U.K. mobile providers must remove all Huawei gear by 2027. Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC), Huawei's competitors, both jumped 3% on the news. Far more upside for Nokia stock is yet to come.Source: RistoH / Shutterstock.com For months now, the U.S. government has warned its allies about Huawei, a Chinese state-owned telecom provider with strong ties to the Chinese Communist Party. Their concern may be well-placed. Why? Chinese companies have a long history of illegally collecting data.The list seems straight from a spy novel, from hiding tiny chips on Chinese-made motherboards, to installing spyware in tax software of multinational audit firms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo how much should we worry? Well, those tiny chips mentioned above were headed for an...
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want......
With many brick-and-mortar stores closed in recent months thanks to the novel coronavirus, shipping companies like FedEx (NYSE:FDX) are seeing increased traffic and profits. FDX stock is up 20% in the last month.Source: Antonio Gravante / Shutterstock.com But I'm not looking for this ride to last. In fact, FedEx is living on borrowed time. Investors would be wise to take their profits now, before Amazon (NASDAQ:AMZN) reinstates its Amazon Shipping program and flexes its muscle once again.It's only a matter of time before the bubble of FDX stock pops.InvestorPlace - Stock Market News, Stock Advice & Trading Tips FedEx's Earnings at a GlanceTwo weeks ago, FedEx reported fiscal fourth-quarter 2020 earnings that sent the stock up 9%. Its revenue came in at $17.4 billion, which beat analysts' average estimate of $16.49 billion.Its earnings per share, excluding certain items, were $2.53, which was more than $1 per share better than analysts' mean...
GoodRx, which operates an online marketplace for prescription drugs and healthcare services, has landed on CNBC's Disruptor 50 list. The company is ranked No. 20. And yes, in light of all the success, there is buzz that GoodRx stock will hit the markets in an initial public offering (IPO).Source: Shutterstock Doug Hirsch came up with the idea for the company. While searching on the internet, he wondered why it was so difficult to get information on prescription drugs. So he researched and realized the complexities and the fragmentation of the healthcare industry.He also realized that his deep experience in the tech industry could be a big help. Keep in mind that Hirsch was one of the first employees at Yahoo, where he leveraged Big Data to help create apps like Mail, Personals, Photos and Groups. He would then go over to Facebook (NASDAQ:FB) in the company's early days and become the...
Legendary Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett took some heat at Berkshire's annual shareholder meeting in May for not being aggressive enough in using the company's massive cash pile to buy back shares of Berkshire stock.Buffett finally pulled the trigger on a major natural gas acquisition earlier this month, and there's evidence he has been scooping up shares of Berkshire as well.Just weeks after Berkshire made a $10 billion purchase of Dominion Energy Inc (NYSE: D) natural gas assets, The Rational Walk investing blog pointed out a recent Berkshire filing suggests Berkshire has been buying back large amounts of stock since the shareholder meeting.The NumbersBerkshire submitted a new filing with the SEC on July 8 stating that Buffett owned 248,734 Class A Berkshire shares and 10,188 Class B shares as of the filing date. By converting the Class B shares to Cass A equivalents, The Rational Walk estimates...
Yahoo Finance's Rick Newman joins Zack Guzman to break down the latest developments in the 2020 presidential election. ...
It's all about a future filled with pizza....
