I read your article on Nikola and Tesla in which you brought up some very good points concerning bloated valuations, thank you for that. However, I wanted to point out a few things you seemed to ignore. Nikola Corporation vs Tesla Inc Valuation First, you made Tesla look like it has a realistic value attached to it […]...
Even as the COVID-19 crisis has led to a significant rise in adoption, one startup executive voiced concerns that telehealth solutions have yet to catch on — especially with potential investors....
(Bloomberg) -- None of Wirecard AG’s missing $2.1 billion of cash entered the Philippine financial system, according to the nation’s central bank Governor Benjamin Diokno, after two of its major lenders denied holding funds for the German payments processor.BDO Unibank Inc., the country’s biggest bank, and Bank of the Philippine Islands, said on Friday that they didn’t have a relationship with Wirecard and that rogue employees falsified documents that indicated the presence of some funds.“The initial report is that no money entered the Philippines and that there is no loss to both banks,” Diokno said in a mobile-phone message to reporters on Sunday.Bangko Sentral ng Pilipinas is conducting its own investigation, he said. Both banks informed Ernst & Young, the external auditor for Wirecard, that documents that attested to the presence of the supposed funds were “spurious,” Diokno said.Philippine Lenders Deny They Held Wirecard Bank Accounts (1)“The international financial scandal used...
After a prolonged bull rally, volatility once again rules the markets. The S&P 500 finished the week in the green, but Friday June 19’s session saw dramatic swings due to technical factors as well as alarming headlines related to a COVID-19 resurgence and a slowdown in the economic recovery. Against this backdrop, what investors want, what will really bring back the animal spirits of the marketplace, is long-term stability. They aren’t looking to day trade; they are looking to park their money and watch it grow. Fiscal stimulus policies have pushed interest rates down to near zero. Treasury bonds are yielding less than 1%. This leaves the stock market. Fortunately, Wall Street pros believe compelling plays are still out there. Today, we’ve pulled up three stocks from the TipRanks database that have sparked the interest of Wall Street’s analysts. These are stocks that have impressed the analysts, who have responded by...
