Posted by OFX AUD - Australian Dollar The Australian dollar pushed back through 0.60 US cents through trade on Thursday, buoyed by a sustained run in improved risk sentiment. Fears that crippled financial markets through much of the month to date continued to ease, as investors confidence is bolstered by the stimulus … Continue reading "Risk sentiment drives AUD back through 0.60 US cents"The post Risk sentiment drives AUD back through 0.60 US cents appeared first on ....
Everything from the 5G revolution to the advancement of the American military is dependent on a key metal which is flying under most investors’ radar...
The NYSE President says the market volatility we've seen is due to 'unprecedented anxiety' over coronavirus but assures the markets will remain open....
When considering the fortunes of the FAANG family since the viral outbreak, it appears Apple (AAPL) has most to lose. Amazon and Netflix can count their internet driven models as particularly well set up for a hibernation period. And while Google and Facebook stand to lose significant advertising revenue, they are still less reliant on physical product. Apple, on the other hand, has seen the disruption to its supply chain and production line severely impact this year’s plans.The giant from Cupertino was laying the groundwork for a September launch of the iPhone 12, the first model to boast 5G capabilities. The question now for the world’s most successful company, is whether following the economic downturn, launching its flagship product into a consumer environment still reeling from a world-wide pandemic and the associated depressed economic climate, is the right move.The answer, according to Wedbush’s Daniel Ives, is no. The 4-star analyst believes...
Although the current period will no doubt be remembered as the time when the world fought the invisible enemy coronavirus, its is safe to assume the Street will also remember the period’s extreme bouts of volatility, too. Case in point: Nvidia (NVDA) stock had its best performing week in over two years, skyrocketing 25%.Adding to the good news, Needham’s Rajvindra Gill upgraded his rating on the chipmaker from Hold to Buy. However, Gill’s price target of $270 implies modest upside from current prices. (To watch Gill’s track record, click here)So, what is behind the 5-star analyst’s reevaluation? While acknowledging that “it’s risky to upgrade a stock given this vicious pandemic and the subsequent economic fallout,” Gill says that during uncertain times such as these “superior balance sheets remain supreme.” And, accordingly, Nvidia fits the bill. The company has a net cash position of $8.9 billion which includes cash and investments worth $10.9 billion minus...
The U.S. Justice Department has approved United Technologies Corporation's planned merger with Raytheon Co , subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U.S. contractor Raytheon and create a new company worth about $121 billion, in what would be the sector's biggest ever merger. To win U.S. approval, the companies agreed to divest Raytheon's military airborne radios business, including facilities in Indiana and Florida, and UTC's military global positioning systems, including a facility in Connecticut....
