Opinions on Delta Air Lines (NYSE:DAL) come down to only one thing. How do you feel about a possible second wave of the novel coronavirus? If you watch Delta stock, the answer seems to be that investors are not that concerned. The stock is up over 40% since collapsing in March. This is despite that the stock posted poor earnings in April and the numbers are unlikely to be better when the company reports in July.Source: Markus Mainka / Shutterstock.com The simple answer is that air traffic trends are improving, but only if you count improvement as being not a complete disaster. As Luke Lango cited in a recent InvestorPlace article, total traveler throughput on a year-over-year basis is still down 79% as of mid-June.I'm optimistic by nature. So, I want to believe the narrative that by the fourth quarter, airline traffic will be measurably increasing. But I'm struggling to do...
So far in 2020, Nokia (NYSE:NOK) stock is up over 15%. Yet that number tells only half the story. On March 18, NOK stock hit a 52-week low of $2.34. Now, it is hovering at $4.3. Put another way, if you were brave enough to invest $1,000 in the shares in late March, your investment would have gove over $1,800.Source: RistoH / Shutterstock.com Many investors are now wondering if they should chase the recent move up in the group. Therefore today, I'll take a closer look at whether Nokia stock should belong in a long-term portfolio.In the coming days, short-term profit-taking will likely push the stock toward or even $4. In case of such a potential price decline, market participants with a 2-3 year time horizon may consider investing in the Finnish technology group in the long run.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nokia Stock May Become...
(Bloomberg) -- Wirecard’s lenders are considering hiring outside help as they seek to navigate the risk of a potentially massive default, a person familiar with the matter said.At least 15 commercial banks who have lent to Wirecard, led by Commerzbank AG, ABN Amro, LBBW and ING, are in hectic negotiations about the steps to take after the German payments company said yesterday it’s unable to release its annual report because it can’t locate 1.9 billion euros in cash ($2.1 billion), the person said. An announcement of the consortium’s next steps could happen soon, the person said asking not to be identified discussing private information.Wirecard AG has an outstanding revolving credit facility of 1.75 billion euros, according to data compiled by Bloomberg. The German payments company has warned that loans of as much as 2 billion euros could be terminated if its audited annual report isn’t published on Friday.Most of the banks...
The chief executive of German payment service provider Wirecard AG resigned on Friday after the company disclosed that auditors could not find 1.9 billion euros ($2.1 billion) in cash, adding to the accounting woes of a firm once regarded as a star of the growing financial technology sector. Wirecard said in a brief statement that Markus Braun resigned “in mutual consent” with the company’s supervisory board, effective immediately....
The overnight moves came on the heels of a choppy session on Thursday, with the S&P 500 and Nasdaq closing slightly higher and the Dow ticking down....
Tesla Inc. (NASDAQ: TSLA) filed an application with an Austin-area school district in Travis County, Texas earlier this month asking for tax incentives to build a new factory, Bloomberg reported Thursday.What HappenedThe automaker said in the application it has zeroed in on a 2,100 acres site, currently owned by Martin Marietta Materials Inc.Tesla is asking for significant tax incentives for the Texas facility to remain competitive with another site the Palo Alto-based company is considering in Tulsa, Oklahoma. If it goes ahead with the plan to build the factory at the site, Tesla expects to begin construction by the third fiscal quarter this year, investing about $1 billion at the 4-5 million square foot assembly facility. The automaker said in the filing the factory would create 5,000 new jobs.Why It MattersChief Executive Officer Elon Musk in March announced that Tesla was scouting for locations to build a new manufacturing facility for...
