Skip to content
Fastly fell sharply Monday after running up for 11 straight sessions. A lot of coronavirus plays sold off Monday, but generally were well extended like Fastly....
There’s a gloomy mood, as investors see COVID-19 rates increasing again after moves to reopen the economy. In an atmosphere like this it’s only natural to take defensive moves to protect the portfolio, and moves like that will naturally draw investors toward dividend stocks. These are the classic defensive stocks, and for good reason: a reliable dividend keeps the income flowing, no matter what the markets do. And in today’s environment, with share prices pushed down by the economic reaction to the coronavirus, it’s possible to find sky-high dividend yields.But not all dividend stocks are created equal. JMP analysts have chimed in – and they are recommending high-yield dividend stocks for investors looking to find protection for their portfolio.Using TipRanks database, we’ve pulled up the details on some of JMP's recommendations. These are stocks with a specific set of clear attributes, that frequently indicate a strong defensive profile: a high dividend...
Yahoo Finance catches up with Beyond Meat founder and CEO Ethan Brown....
(Bloomberg) -- Boeing Co. led industrial stocks higher after U.S. aviation regulators said they’d approved a critical set of test flights on the 737 Max to begin as soon as Monday, having reviewed the company’s safety assessment of fixes for the plane.The Federal Aviation Administration confirmed the start of the multiday program in an email to congressional staffers on Sunday.“Over the past several weeks the FAA has been reviewing the system safety assessment submitted by Boeing,” the agency said in the email. “The FAA’s Type Inspection Authorization Board has completed its review, clearing the way for flight certification testing to begin.”Boeing jumped 5.2% to $178.78 at 9:38 a.m. in New York, the biggest gain on the Dow Jones Industrial Average. The stock had tumbled 48% this year through June 26, the sharpest decline on the blue-chip stock gauge.The agency’s action signals that the government is finally comfortable with the multiple fixes...
(Bloomberg) -- Even in the innovative world of electric vehicles, it’s an unusual proposition: Plunk down as much as $5,000 now to reserve the right in a few years to buy a battery-powered truck, before seeing a prototype or manufacturing plan to assure it’ll ever be built.That’s what Nikola Corp., the Phoenix-based company whose sudden stock surge has captured the attention of investors, is asking customers to do starting Monday. The reservations, which are refundable, take a page from Tesla Inc.’s playbook, but they require would-be vehicle buyers to take an even bigger leap of faith than Elon Musk ever did.Nikola founder Trevor Milton has said he hopes the truck, called the Badger, will one day rival Ford Motor Co.’s F-150, which for 43 years has been America’s best-selling pickup. Nikola went public on June 4 through a reverse merger, and the stock more than doubled on June 8 after he...
(Bloomberg) -- Leave it to power couple “Kimye” to revive a pair of tired U.S. companies.Kim Kardashian West and Kanye West, whose 2014 wedding created a celebrity powerhouse of influence, have each inked major deals in the past several days to grow their mass-market presence and snag a share of the average American shopper’s wallet.Coty Inc., owner of Max Factor and Covergirl, agreed on Monday to buy a 20% stake in Kardashian West’s beauty business for $200 million to develop skin, hair and nail products under the reality TV star’s brand. The news comes just days after her husband announced a partnership with Gap Inc. on a new line of apparel for men, women and kids called Yeezy Gap.Coty, whose shares were down 63% this year before the announcement, rose as much as 15% in New York trading Monday. Gap shares, off 43% in 2020 before the Kanye news broke, spiked...
