Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc and President Donald Trump's administration, both of which appealed a lower court ruling that halted construction of the 600-mile (965-km) Atlantic Coast Pipeline, which would run from West Virginia to North Carolina. The decision, written by conservative Justice Clarence Thomas, removes one of several obstacles facing the project....
Walt Disney Co (NYSE: DIS) is trading at an attractive valuation and should be bought by investors as more states and regions are re-opening their economies, according to BofA Securities.The Disney Analyst: Jessica Reif Ehrlich maintains a Buy rating on Disney's stock with a price target lifted from $123 to $146.The Disney Thesis: Shares of Disney are trading at 21 times 2021 EPS and 19 times 2022 EPS, which represents a "compelling entry point" to buy a best-in-class company, Reif Ehrlich said in a Monday note. (See her track record here.)While the global COVID-19 pandemic will continue to impact Disney's near-term outlook, the company is positioned to "grow stronger through the crisis," the analyst said. Disney has seven catalysts to spur growth over the longer-term, she said:1\. Re-opening of its global theme parks, including Walt Disney World and Disneyland in July.2\. Resumption of feature film releases, most notably "Mulan" in late...
Cloudflare blasted past a three-weeks-tight buy point of 30.69 as well as consolidation entry of 30.88. The cybersecurity IPO, which had been very volatile, calmed down in recent weeks even with market swings....
Broyhill Asset Management, a boutique investment firm based in North Carolina, released its Q1 2020 Investor letter – a copy of which can be downloaded here. Established as a family office, the company invests with a long-term, objective, and rational perspective. You should check out Broyhill Asset Management's top 5 stock picks for investors to […]...
Mike Bailey, FBB Capital Partners Director of Research, joins Yahoo Finance's The First Trade to discuss what's moving the markets around Monday's opening bell. ...
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]...
