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The global economy will not achieve a v-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said. Ben van Beurden told an online interview with IHS Markit Chairman Dan Yergin that it was too early to know if demand for oil had peaked. The rapid growth in consumption of natural gas and liquefied natural gas in recent years has also been stalled, van Beurden said....
Apple Inc. (NASDAQ: AAPL) is well-positioned for improving results in the back half of 2020 and in 2021 as the 5G cycle powers up, according to Canaccord Genuity.The Apple Analyst: Michael Walkley maintained a Buy rating on Apple and raised the price target from $310 to $444.The Apple Thesis: The 5G upgrade cycle is a potential catalyst for Cupertino, Walkley said in a Thursday note. (See his track record here.)Apple's earnings are likely to be boosted by a ramp in 5G smartphones in the second half of this year and beyond, the analyst said. Despite Apple being forced to close retail stores again, iPhone sales improved in the June quarter and are likely to continue improving through the rest of the year, he said. Walkley expects the December quarter to be a strong one, driven by new iPhone 12 models, supporting 5G and other features.The continued mix shift toward Services make...
Out on the Street, focus has landed squarely on a new stimulus package that may be announced as soon as next week. Congress is working on another COVID-19 aid package on top of the $3 trillion already pumped into the economy to mitigate the pandemic’s negative impact, but investors are wondering how the government is going to pay for all of this.Making matters worse, according to the government, there is only enough money to pay social security benefits until 2035. After that, benefits are expected to be reduced. So, the writing is on the wall, lots of government spending and underfunded social security add up to you supplementing your retirement income.One way to generate income is to assemble a portfolio of dividend stocks. Using TipRanks’ database, we identified three yielding over 5% that are backed by enough Wall Street analysts to earn a “Strong Buy” consensus rating. Moreover, these stocks have...
We can readily understand why investors are attracted to unprofitable companies. Indeed, CEL-SCI (NYSEMKT:CVM) stock......
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Emily McCormick break down the earnings results for Bank of America and Johnson & Johnson....
New jobless claims declined by a smaller than expected margin in the Labor Department’s new report Thursday, as a surge in US virus cases threatens the pace of the labor market’s recovery....
