(Bloomberg) – Exxon Mobil Corp maintains third-highest dividend on S&P 500 index, underscoring historic commitment to payout despite virus-induced oil crash this year
Investors will receive 87 cents per share for the current quarter, which is the level of the past six periods, the Irving, Texas-based company said in a statement The oil giant only trails Microsoft Corp and AT&T Inc among S&P’s 500 companies in payment to shareholders over the past 12 months, according to Bloomberg data
The fall in crude prices and demand for petroleum products caused by the pandemic sent shockwaves through global energy markets this year and came at a bad time for Exxon, which was in the middle a costly oil and gas upgrade the strengths Exxon now systematically finances payment with borrowed money for the first time in decades
Executives pledged a « big pledge » to the July dividend and vowed to bring back growth plans, capital spending and cut jobs to defend it But investors are not yet convinced stock dividend yield rose above 10% for most of the past five weeks
On Wednesday morning, Jim Cramer shared his first look at the markets which included views on potential lockdowns, more layoffs and if there is a buy opportunity on stocksCramer on Lockdowns: During his appearance on « Squawk on the Street », Cramer discussed the potential for lockdowns similar to what Europe has done « There is going to be a call for the lockdown » Cramer doesn’t believe we’ll get a lockdown because our country believes in freedom and won’t shut down completelyInstead, Cramer thinks we’ll have a “stay in place voluntarily” Related Link: European Markets Today: Stocks Hit Lows Due To The Rise fears related to the coronavirus? Purchase opportunity? Markets are expected to open significantly on Wednesday The S&P 500 has an implied 65-point open « If we had a stimulus, we would focus on earnings » Instead, Cramer said we were focusing on rising prices. virus numbers and more layoffs: « Very hard to buy a lot of stock when you see those numbers » Cramer said everyone was scared Some states have adopted their own rules on how to stop the spread of the virus, Cramer said, which could have an impact on how we control the growing number of cases He thinks it’s realistic to do something in terms of stimulus after the election « Buy these stocks tomorrow, not today » Price action: SPDR S&P 500 Trust ETF (NYSE: SPY) is down 2% in pre-tradeView more from Benzinga * Click here for Benzinga options trades * Oct 28 is the best trading day statistically, launch the best 6 months for S&P 500 * What will happen to the MAGA ETF if Trump lose the presidential election? (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved
Stanley Druckenmiller reportedly said that a sweep of Democrats in the next election could prove to be a headwind for the stock market for years to come
Japan’s largest automaker said on Wednesday it was adding another 152 million US vehicles to the recall that was first announced in January and covers many models built between July 2017 and September Toyota said that vehicles with a fuel pump may stop working and cause the vehicle to stall, and the vehicle may not be able to be restarted Dealerships will replace the fuel pump with an upgraded version
Resist the urge to let emotions rule on days like this, says Jim Cramer Instead, direct your money to these stocks
My question is, can I retire before that and be able to live off my rental income? If you manage your property as « passive » income, you are not contributing to Social Security, which will affect you later when claiming benefits.
Former Vice President Biden has a detailed proposal to raise taxes for people with taxable income above $ 400,000, essentially targeting the richest 1% President Trump wants to maintain the tax cuts that took effect in 2018, which have largely benefited high earners
Earlier Wednesday, Mastercard Inc missed earnings expectations and warned that travel-related spending would likely be a major headwind for the industry until COVID-19 vaccines become widely available Visa’s net income fell to $ 2.4 billion, or $ 1.07 per Class A share, for the fourth quarter ended Sept. 30, from $ 3.03 billion, or $ 1.34 per Class A share, a year earlier Net income fell 17% to $ 4.8 billion as consumer spending was constrained due to the health crisis, which triggered the worst economic downturn in decades and led to massive layoffs
Individual investors have never been so worried about a US stock market crash This counterintuitive reaction is due to investor sentiment being a contrarian indicator Historical data on investor beliefs about probabilities of crashes come from Yale University finance professor (and Nobel Laureate) Robert Shiller
(Bloomberg) – Marvell Technology Group Ltd nears deal to acquire Inphi Corp for roughly $ 10 billion, according to person familiar with the matter, adding to already record-breaking year for industry deals Marvell chips will pay 60% of the acquisition in stock, the rest in cash, the person said An announcement could come as early as Thursday, said the person, who asked not to be identified because the information is privateDow Jones announced the acquisition earlier on Wednesday An Inphi representative declined to comment, while a Marvell representative did not immediately respond to a request for comment Inphi is a maker of chips that act as a gear interface that helps speed up the flow of large chunks of information between computers and networks Silicon in data centers becomes more and more important as cloud providers find themselves inundated with data and even examine the most basic components to try to make their giant warehouses full of expensive equipment more efficient The Inphi purchase comes on top of an already exceptional year of announced deals, including Advanced Micro Devices Inc $ 35 billion Xilinx Inc buyout, Nividia Corp $ 40 billion buyout of Arm Ltd and Analog Devices Inc agree to acquire Maxim Integrated Products Inc for $ 20 9 billion Inphi Microsoft Corp account and Cisco Systems Inc among its biggest customers, according to Bloomberg Supply Chain Analysis Inphi’s stock rose 50% this year, even as it tried to overcome the loss of another major user of its chips, Chinese company Huawei Technologies Co Which Has Been Cut From US Suppliers By Regulatory Action The Company Is On Track To Record Almost 90% Revenue Increase This Year According To Analyst Estimates For more articles like this please visit us Subscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP
Exxon Mobil Corp on Wednesday held its fourth quarter dividend at 87 cents per share, signaling that 2020 will be the first year since 1982 that the US oil producer has not increased its payout to shareholders The largest US oil producer by volume has been caught off guard by the sharp decline in energy prices and demand this year US prices are down 39% year-to-date and global demand fell due to the COVID-19 pandemic
The content delivery network posted third-quarter revenue of $ 71 million, up 42% from a year ago and in line with its recent estimate of $ 70-71 million of dollars
Dow Jones Futures: After coronavirus fears spark stock market rout, Pinterest and ServiceNow rallied around results All eyes are on Apple, Amazon, Facebook
The defense giant’s disclosure of a criminal investigation came a day after Raytheon beat Q3 EPS views, but aviation sales fell
Minimum distributions required from tax-deferred retirement accounts would rise to 75 under a new bipartisan proposal to expand workers’ access to savings plans and boost savings
Beijing has huge ambitions for electric vehicles (EVs) and wants 25% of all car sales in the country to be EVs by 2025, Financial Times reports In 2019, China sold 12 million of electric vehicles, accounting for more than half of global sales The China Association of Automobile Manufacturers expects sales of new electric vehicles to reach 11 million by the end of the year despite the pandemic, Reuters reports , China can leverage its large-scale advantages to manufacture the first electric vehicle capable of competing with traditional cars on price and taking advantage of the international market, which is ready due to growing concerns over climate changeChina’s EV industry is at a critical juncture The price of EV batteries is expected to drop below $ 100 per kWh by 2023, from $ 160 currently EV batteries are a significant portion of the overall cost of the car, and the price below $ 100 is cost parity with internal combustion engine carsMarket leader: Tesla Inc’s (NASDAQ: TSLA) Model 3 is the leader in China with sales of 70,951 units between 2020 and August, accounting for 13% of total electric vehicle sales However, the Wuling HongGuang Mini EV recorded the sale of 9,150 units in August, its second full month of salesThe boxy EV sees huge sales numbers as it costs $ 4,200, a fraction of Tesla’s $ 42,691 price for the Model 3, FT reports The HonGuang Mini EV is a joint venture product between General Motors Company (NYSE: GM), SAIC Motor and Liuzhou Wuling Motors Co LtdNio Inc (NYSE: NIO) ES6 EV sold 2,840 units in August and 17,161 units in the year through August Assessment: Observers call Chinese company valuation an overcooked EV The three start-ups Chinese Nio, Li Auto Inc (NASDAQ: LI) and Xpeng Inc (NYSE: XPEV) listed in the United States are valued at $ 35 4 billion, $ 15 9 billion and $ 14 4 billion respectively, although they all made significant losses Profitable EV makers and component suppliers are trading at high valuations BYD, the Hong Kong-listed electric vehicle and traditional automaker, reports FT, is trading at a 12-month price-to-earnings (PE) ratio of 245, while the fabrican t of CATL EV batteries has a 12-month PE of 1175 PE valuations are high but still lower than Tesla’s PE of 10,458, according to Hong Kong-based East Capital fund partner Karine Hirn When the mass market is reached, China will benefit due to the benefits of the chain of supply and scaling, said Hirn See more from Benzinga * Click here for Benzinga options trades * Tesla California listings drop 13% in Q3 (C) 2020 Benzingacom Benzinga does not supply investment advice All rights reserved
November 3 is fast approaching and Wall Street braces for victory in Biden But what would a Democrat-controlled White House mean for the markets? Even though some investors believe a Biden presidency would be detrimental to stocks and put pressure on markets, Marko Kolanovic, global head of macro-quantitative strategy and derivatives at JP Morgan, begs to delay In a recent note to clients, he writes Regardless of the outcome of the election, its conclusion will remove significant uncertainty In addition, the strategist believes that the release of a COVID-19 vaccine as well as the reopening of the economy could serve as catalysts that spur a rotation towards the value stocks « We believe these two catalysts will be value catalysts, and we think it will have legs The decline of COVID should be a powerful value catalyst, » commented KolanovicTaking Kolanovic’s outlook to heart, JP Morgan analysts offer concrete recommendations, highlighting three names that seem particularly compelling.As company analysts predict a potential upside of at least 30% for each of them, we used the TipRanks database to dig a little deeper Sapiens International (SPNS) First, we have Sapiens International, which provides software for reinsurance, property and risk, as well as insurance spaces life and annuity Based on its solid reputation in the industry, JP Morgan has high hopes for this technology name. Writing for the firm, 5-star analyst Sterling Auty told clients: “Sapiens has carved out a segment for itself. lucrative insurance market, where it provides software and services to carriers ranging from the largest reinsurance companies to P&C Tier 4-5 carriers globally. e The work he has done to expand the product portfolio over the past three years is paying off, and we expect the revenue mix to shift towards more consistent and profitable subscription revenue. If this change comes to fruition, we expect to see multiple expansion that delivers share price outperformance. “Unlike some of its competitors, SPNS works with P&C insurance companies while focusing on P&C insurance companies. life insurance, annuity and reinsurance According to Auty, this brings the total addressable market to around $ 40 billion, compared to around $ 20 billion for P&C software vendors.“The insurance industry, and in particular P&C insurance, in our opinion, is the most attractive vertical segment for software vendors due to the very high retention rates that create significant customer value for life,” said It should be noted that instead of targeting the largest carriers in each region, the company looks for where the appropriate openings are, market by market. In addition to that, offering software, cloud solutions and « all services needed to create a single turnkey supplier has helped Sapiens to establish the bridgehead in segments of the global market, ”Auty saysRegarding its financial situation, from 2015 to 2019, turnover increased by 16%, with an acceleration also in 2019 and in 1H20 “We believe that the intelligent segmentation of the market will allow Sapiens to increase the percentage of revenue coming from subscription software, thus making growth more sustainable and profitable in the future, ”said Auty In line with its optimistic approach, Auty launched its coverage by assigning an overweight rating and a target price of 40 $ This target brings the upside potential to 41% (To watch Auth’s balance sheet, click here) As for the rest of the street, 2 buys and 1 wait have been posted in the last three months So SPNS is a moderate buy The average price target of $ 37 places upside potential at 30% (See SPNS market analysis on TipRanks) Academy Sports and Outdoors (ASO) Sporting and leisure retailer Academy Sports and Outdoors was only recently introduced, but it has already caught the attention of the street JP Morgan is among those beating the table on this name Debuting on the public market on October 1, the shares were priced at 13 $, landing below the initial public offering range of $ 15 to $ 17 ASO raised a total of $ 203 million, 19% less than initially expected. Although not the ideal result, Morgan’s JP Christopher Horvers told clients: “In 2H20, we expect the combination of strong trends underlying and expected debt repayment will light the path to ASO recovery and drive upward revisions5-Star Analyst Says Company Should Continue to Benefit From ‘Outdoor Sports / Healthy Lifestyle Engagement In A COVID-19 World’, With Other Initiatives In Place To Cause A Turnaround These initiatives, referred to as « Retail 101, » include assortment localization, merchandise planning, pricing and promotion, as well as space productivity efforts, and « align with advancements. customer engagement and share the mall’s earnings, ”according to Horvers On top of that, he believes that as ASO expands its presence in e-commerce, it could see between 150 and 200 basis points of tailwind per year.Going forward, Horvers predicts a gross margin opportunity of 100 basis points through improved merchandising and inventory management.In addition, as ASO improves CD allocation, reorganizes workforce, optimizes shipments and implements cross-dock, there could be an additional 100 basis points of gross margin, analyst says Currently, only 22% of the proceeds are transhipped In addition, ASO is set to pay off more than $ 600 million of debt in the fourth quarter and refinance its term loan, which Horvers says will reduce interest expense and bring it back. below 4 times adjusted gross leverage In terms of valuation, ASO is currently trading at just 46x the analyst’s estimate of EV / EBITDA 2021, making it attractive Everything ASO has done has convinced Horvers to initiate a cover with an overweight rating In addition to the call, he set a price target of $ 21, suggesting upside potential of 41% (To see Horvers track record, click here) Are other analysts Okay? They are Only buy ratings, 7 to be exact, have been issued in the past three months Therefore, the message is clear: ASO is a strong buy Considering the $ 19 average price target of 58, the stocks could jump 32% next year (See analysis of ASO shares on TipRanks) Mission Produce (AVO) As an advanced network of lawyers, Mission Produce is one of the main players in the lawyer game, with the sourcing, production and distribution of fresh avocados to clients in over 25 countries Like ASO, this name recently started trading in the public market and received a boost from JP Morgan Covering the share company analyst Thomas Palmer wrote in a recent note to clients: “We see a long track of EBITDA growth ahead, mainly driven by volume of distribution and a higher percentage of lawyers coming from company-owned farms (which realize net margins nt higher than third-party sourcing) « Part of the analyst’s optimistic thesis relates to the fact that AVO is a » world leader in the distribution of lawyers « , with a distribution of 596 million pounds of lawyers in the four quarters ended July 2020 and an average of 12.5% volume growth over the past ten years, compared to 9% for the industry In addition, the company has farms that are increasing margins in Peru, which supplied 11% of its avocado distribution volume during the 2019 financial yearPalmer also points out that US Hass avocado consumption has increased at a CAGR of 8% over the past decade, according to the Hass Avocado Board This growth has been driven both by the USDA dietary guidelines, which encourage consumption of good fats and fibers, and by demographic trendsOn top of that, Palmer believes volume growth could drive EBITDA expansion “AVO’s volume growth over the past decade has been driven by its leading network of distribution and maturation centers. (and expanding), and its diverse sourcing model (two countries of origin at any time of the year), ”he said To that end, Palmer believes that for distribution, strong volume growth single-digit, around 8-10% per annum, and stable gross profit per pound are up to par As for the farms owned by the company, he expects production to increase by 22% in FY20 and 12% in FY21 and FY22, due to improved yields. « According to our model, lawyers from the Mission generate a gross profit per pound four times higher than lawyers from an external source », he added.As far as valuation goes, Palmer also likes what he sees “We believe that the current valuation of less than 9x EV / EBITDA FY22E presents a compelling entry point, especially considering that its valuation excludes ( a) the value of income from investing in AVO shares (which are profitable) and (b) investments in agricultural operations that will not contribute to income for several years, ”he explained. no surprise Palmer joined the bulls In addition to initiating a hedge with an overweight rating, he set a target price of $ 18 on the stock Investors could pocket a 36% gain if this target is met within the next twelve months (To see Palmer’s balance sheet, click here) Judging by the break in consensus, opinions are anything but mixed With 5 buys and no holds or sells awarded in past three months, the word on the street is AVO is a strong buy At $ 17.40, the average price target implies upside potential of 32% (See stock analysis AVO on TipRanks) To get great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all information about TipRanks stocks Disclaimer: Opinions expressed in this article are only those of featured analysts Content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment
As one of the world’s largest and most owned companies, Apple Inc (NASDAQ: AAPL) Often Wields Outrageous Influence in the Market This has been especially true in 2020, as tech companies have assumed the role of market leaders, helping to send the wider market both higher and lower. , depending on the dayLately, however, technology has been a bit funk, losing some leadership to more « cyclical » sectors like finance and industrials, as many investors hope for an economic recovery. Additionally, some of what we will call « pandemic names » like Workday Inc (NASDAQ: WDAY), Docusign Inc (NASDAQ: DOCU) and Trade Desk Inc (NASDAQ: TTD) have diverted attention from the « mega-hats ». “Yet the recent rollout of the iPhone 12 by AAPL and its stock division put the company back in the spotlight Apple never lacks attention when reporting, even when its earnings compete with three other stocks. For attention This is the case when AAPL opens its tax books for the fourth quarter on Thursday after the close, but with CEO Tim Cook’s company still holding up a market cap of $ 2 trillion, all AAPL says or made will probably stand out on the busy scheduleQuestions about iPhone 12 rollout, Mac and iPad sales A big profit question is how the new iPhone 12 is faring after launching just a few weeks ago The switch to 5G could end up being a positive wind for the iPhone 12, as carriers run special offers to help customers take advantage of their broadband deals.However, there will likely be a lot of competition here and there. overseas, as other companies are taking advantage of 5G, so how does AAPL see the race going? And how many current iPhone users will head to the Apple Store of their choice (or online) to replace their phone with a 5G model? Early signs look good, analysts say, but AAPL could shed more light on Thursday In addition to other hints on iPhone sales, investors should look at demand for iPad and Mac products, which a few years ago ditched speed cameras a bit, came back to life in 2020 given the increase in work, play and home learning caused by the pandemic Sometimes these clues can come up ahead of time by checking how companies that make « peripherals » for AAPL products are doing. For example, Barron pointed out, consider a recent earnings report from Logitech International (NASDAQ: LOGI), which states that iPad accessories grew 144% in the quarter Some analysts are optimistic as AAPL’s reporting date approaches Service Update AAPL was primarily a product business, but these days services mean a lot too The services business encompasses everything from App Store to licensing agreements, and service revenues were lower than analysts’ expectations in FY3 Maybe analysts were just too optimistic, as services grew almost 15% year over year, which isn’t a poor result given the pandemic.Last time, dollar sales of the company’s flagship products gained ground iPhones sales increased more than 16% year-over-year while Mac sales jumped more than 21 % and iPad sales increased by more than 31% This helped Apple report 11% revenue growth as a consensus of Refinitiv analysts expected a decline of around 2%However, AAPL did not share its forecast last quarter Will it decide to do so this time around? If so, it could play out well on Wall Street, where there is a thirst for more information on companies in 2021 and beyond.Hot stock that chilled Apple’s strong earnings performance for FY Q3 helped stocks, which more than recouped what they lost in the coronavirus selloff earlier in the year. shares also received a boost after the company announced a four-for-one stock split towards the end of July. The company’s shares hit an all-time high early last month after the split went into effect, but shares have since retreatedRetail investors often use stock splits as trading opportunities, accessing popular names that may have become too expensive per share But sometimes the buying of interest cools down a bit after the split There’s also AAPL, the consumer electronics giant, and there is AAPL, the component of the Tech sector.And in that regard, AAPL has been part of a larger story of a technological push, followed by the sector rotation and the Profit taking The last month saw a broader pullback in tech-related stocks which helped push down AAPL shares along with the rest of the industry (see Figure 1) After leading the market higher as tech-related names became a popular trade, the tide was turned as investors appeared to decide to take money off the table See more income on AAPLFIGURE 1: TECH SURGE AND PARTIAL PULLBACK Apple stocks (AAPL – candlestick) had had a good run from the depths of the coronavirus decline in March 2020 The same is true for the tech sector in general (IXT – purple line) Both have retreated in recent days amid profit taking and sector rotation Data sources: Nasdaq, S&P Dow Jones Indices Chart source: TD Ameritrade’s thinkorswim® platform For guidance only Past performance is no guarantee of future results Baby and bathwater? Technology became a crowded business earlier this year as investors flocked to big names hoping to participate in the strong recovery This rally may have been sparked by people looking for mega-cap names because that they wanted to be in the actions, but also wanted the perceived security of the large established actors who benefited from them during the pandemicThere’s also the ‘cash is king’ concept – and that’s an area where AAPL tends to outperform most of its peers. According to company statements, AAPL had nearly $ 200 billion in cash and marketable securities in the business. his balance sheet in the second quarter This can put it in a strong position to weather possible storms – like a deep recession – and maybe make a strategic acquisition or two.Recent pullback leaves Apple shares well below their all-time high as we tackle the earnings report later this week While this may seem like a bargain for some, the stock is still up sharply on year and its valuation is well above the historical norm, which could raise eyebrowsAmid Tech Leadership, Antitrust Concerns Leadership from tech-related companies to move the wider market up or down may not necessarily fade as coronavirus concerns persist But there are other factors affecting as well. the tech world, such as the antitrust turmoil Yet Apple may not be as sensitive to this as other companies, as the iPhone maker has stiff competition from other makers of devices and computersWhile this competition can be a boon from an antitrust standpoint, competition from Samsung, Alphabet Inc (NASDAQ: GOOGL) and Microsoft Corporation (NASDAQ: MSFT) is still a force to be reckoned with by Apple, and what the Investors have to put in their calculations Apple’s earnings and options activity AAPL is expected to report adjusted earnings of $ 0 71, down from $ 0 76 in the previous year’s quarter, according to estimates by third-party consensus analysts earnings are projected at $ 64 billion, roughly stable from a year ago The options market has incorporated an expected 34% share price move back and forth around the earnings release, according to Market Maker Move ™ indicator on the thinkorswim® platform Looking at the October 30 expiration, betting activity has been heavy, with concentrations at 110 and 112 keystrokes Even higher numbers have been seen on the rise, the 120 calls eclipsing the others, but with high concentrations also on strikes 115 and 125 Implied volatility is at the 43rd percentile as of Wednesday morning Note: Call options represent the right, but not the obligation, to buy the underlying security at a predetermined price over a set period of time Put options represent the right, but not the obligation, to sell the underlying security at a predetermined price over a period of time TD Ameritrade® Commentary for Educational Purposes Only SIPC Member Options carry risk and are not suitable for all investors Please read the Features and Risks of Standardized Options Learn more about Benzinga C) 2020 Benzingacom Benzinga does not provide investment advice All rights are reserved
While you might not need to make any changes if President Trump wins a second term, financial advisers suggest planning potential changes now under a Biden administration so you don’t fall out on the last one. minute
China’s growing global influence has « huge implications » for the whole world, says billionaire investor Ray Dalio
ExxonMobil, Dividend, NYSE: XOM
World News – CA – Exxon Maintains Third Highest Dividend Of S&P 500 Despite Oil Rout
