For investors feeling perplexed by the stock market’s roller coaster ride in 2020, you’re not alone. Following up a week that saw volatility make a comeback, stocks popped for the third session in a row on June 16, surging on a historic gain in retail sales and progress on a possible COVID-19 treatment. Rumors that the Trump administration is preparing a $1 trillion infrastructure bill also helped fuel the charge forward. That said, the rally came as investors brushed off reports of a cluster of new COVID-19 cases in the U.S. and China.Against this backdrop, finding investing inspiration can seem like a formidable task. The analysts from investment firm Needham, however, argue that even in such a confused financial environment, there are still compelling plays. Recently publishing its list of Conviction Buys, the firm, which scores a top ten spot on TipRanks’ ranking of Top Performing Research Firms, highlights several names...
Volvo Trucks North America deployed its first pilot VNR Electric truck in Southern California as part of the Volvo LIGHTS (Low Impact Green Heavy Transport Solutions) project. ...
Roku Inc (NASDAQ: ROKU) is likely to face a near-term hiccup but is better positioned the medium- and long-term, according to a Needham analyst. The Roku Analyst: Laura Martin has a Buy rating on Roku shares with a $150 price target. The Roku Thesis: COVID-19's negative impact on Roku will be at its worst in the second quarter, but the impact will mitigate as 2020 wears on, Martin said in a Thursday note. (See her track record here.)Hours streamed will be strong again in the second quarter, likely rising 46% year-over-year, and year-over-year active account growth is expected to accelerate from 37% from the first quarter to 39% in the second quarter, the analyst said. The weak spot is likely to be large ad categories such as autos, entertainment and travel, with year-over-year growth likely slowing from 108% in the first quarter to 38% in the second quarter, she said. Needham...
Mack and Volvo Trucks dealer Northwest Equipment Sales expanded its footprint with the opening of its fourth location, Tri-Cities, based in Burbank, Wash. ...
Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak to Hydrow Founder and CEO Bruce Smith to discuss the company’s at-home rowing experience, future of at-home fitness as gyms reopen and more. ...
