(Bloomberg) -- Wirecard’s lenders are demanding more clarity from the company in return for the extension of almost $2 billion in financing after it breached terms on the loan, people familiar with the matter said.At least 15 commercial banks who have lent to Wirecard, including Commerzbank AG and ABN Amro, are in hectic negotiations about the steps to take after the German payments company said on Thursday it’s unable to release its annual report because it can’t locate 1.9 billion euros in cash ($2.1 billion), the peple said.Wirecard could make an announcement accepting outside monitoring and higher transparency as early as next week and in return the banks may not exercise their right to call the loan, one the people said.The lenders are also considering hiring outside help as they seek to navigate the risk of a potentially massive default, the person said asking not to be identified discussing the private...
Large companies in your portfolio can provide risk diversification through low beta and stable cash flows. On the other hand, though, small-cap stocks generally have high beta, and can be potential portfolio game-changers.As the world crawls back to normalcy after the novel coronavirus triggered lockdown, equities have surged higher. That said, this is possibly one of the best times to consider small-cap stocks for your portfolio, as renewed global growth can trigger upside in quality names. * 10 Robotics Stocks on the Technological Cutting Edge Below I will discuss four small-cap stocks that can outperform the index in the coming years. They are:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * QEP Resources (NYSE:QEP) * Flex LNG (NYSE:FLNG) * Aurora Cannabis (NYSE:ACB) * Costamare (NYSE:CMRE)With all of that in mind, let's dive in. Small-Cap Stocks to Buy: QEP Resources (QEP)Source: Shutterstock The coronavirus-driven recession has triggered a sharp downside...
(Bloomberg) -- U.S. stocks fell after Arizona and Florida reported their biggest increases in new Covid-19 cases since the pandemic began and Apple said it would close some stores in those states. Oil turned positive after briefly dropping into the red.Stocks had rallied at the start of U.S. trading amid reports that China plans to accelerate purchases of American farm goods to comply with the phase one trade deal boosted risk appetite. Still, with uncertainty over how quickly economies can emerge from lockdowns, and a welter of options set to expire in a quarterly event know as quadruple witching, investors are being whipsawed by bouts of volatility.“That’s a worrisome sign for markets,”said Matt Forester, chief investment officer of BNY Mellon’s Lockwood Advisors. “This is a continuation of the first wave, this is not a second wave.”In Europe, investors focused on negotiations over the EU’s proposed 750 billion-euro ($840 billion) program to...
Saturna Capital Corporation is the investment management company of Sextant Mutual Funds. Sextant Mutual Funds recently released Q1 2020 Investor Letter, a copy of which you can download here. The Sextant Growth Fund posted a return of -15.13% for the quarter, outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. […]...
(Bloomberg) -- Oil lost momentum on Friday amid signs the coronavirus pandemic is worsening in U.S. Sun Belt states.Earlier in the day, crude futures rose above $40 a barrel in New York, extending a slow rise over the last month fueled by signals of a pickup in demand. Prices then slipped to $38.40 a barrel on reports that Arizona and Florida have recorded their biggest rise in new Covid-19 cases since the pandemic began. Apple Inc. said it could close some stores in those states.Initially, oil prices were pushed up as two of the world’s biggest commodity trading houses, Vitol Group and Trafigura Group, said global oil demand is recovering at a rapid pace this month, while Saudi Energy Minister Prince Abdulaziz bin Salman also said he sees encouraging signs of a consumption recovery.Timespreads are also showing strength. Brent crude’s prompt spread is rallying after settling in backwardation -- a bullish...
