A lot of stocks are rising because of efforts to find a cure or vaccine against COVID-19. Pfizer's (NYSE:PFE) PFE stock should not be one of them.Source: Manuel Esteban / Shutterstock.com That's not to dismiss its efforts. Pfizer might win the race to get a vaccine out by fall. It's a finalist in the competition to get something out by the end of the year. The company has also outsourced some drug production to focus on the vaccine.But Pfizer is a huge company. Revenues in 2019 were $51.75 billion, and nearly $16.3 billion of that was net income. There's a lot more to look at besides the vaccine, and a lot more to worry about.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Pfizer's ProblemsPfizer is a no-growth company valued for its 38 cents per share dividend, which currently yields 4.2%. With 5.5 billion shares outstanding, it costs $8.36 billion...
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]...
(Bloomberg) -- President Donald Trump chided Warren Buffett’s recent move to exit his bets on the airline industry.“He’s been right his whole life, but sometimes even somebody like Warren Buffett -- I have a lot of respect for him -- they make mistakes,” Trump said Friday in a news conference at the White House. “They should have kept airline stocks, because the airline stocks went through the roof today and others did too.”Buffett abandoned his investments in four major U.S. airlines in recent months as the coronavirus pandemic swept the nation, curbing travel across the globe. He started piling into the industry in 2016, which went against his previous swearing off of airlines after a tumultuous USAir bet. At the annual meeting of his Berkshire Hathaway Inc. in May, he said the “world changed” for the airline industry.All four companies that Berkshire previously held soared this week after American Airlines Group...
Oil prices jumped on Friday after OPEC+ decided to move up its meeting on extending production cuts. KPMG Global Head of Energy Regina Mayor joins Yahoo Finance’s On The Move panel to assess the state of oil markets. ...
Stunning employment data fed into growing optimism about cities and states relaxing the coronavirus-related restrictions that have hobbled activity and crushed the jobs market....
The U.S. economy unexpectedly added 2.5 million payrolls in May. Allianz Chief Economic Adviser Mohamed El-Erian joins Yahoo Finance’s On The Move to weigh in on the latest jobs report....
Erin Gibbs, Gibbs Wealth Management President, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss the May jobs report and Wall Street's reaction....
