Forest Products Industry
Despite having a cautious view on the iPhone, Credit Suisse raised the price target for Apple, crediting the growth from the App Store. Credit Suisse maintained the Neutral ratings however because the stock is close to its all time highs, claiming that it advises investors to wait for a lower point of entry.
In this article we will take a look at whether hedge funds think Pluristem Therapeutics Inc. (NASDAQ:PSTI) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
(Bloomberg) -- Boeing Co. is heading for its best week in more than two months as surprise job gains and airline bookings signal that demand for air travel -- and jetliners -- is poised to recover from a historic plunge.The U.S. planemaker’s status among investors has recently flipped to darling from market pariah, although analysts caution that Boeing still faces formidable challenges. Those range from a festering U.S. trade war with China, a soaring debt load and the long-grounded 737 Max jetliner, which the company is trying to return to service this year.But with passengers tiptoeing back to airline flights, investors are discarding some of the gloom from earlier this year when the Covid-19 pandemic spurred airlines to park thousands of planes. American Airlines Group Inc. extended gains Friday after a record advance a day earlier spurred by an upbeat July flight schedule. And an unexpected gain in U.S. payrolls is also brightening the outlook.“Demand has likely hit a bottom,” Jefferies analyst Sheila Kahyaoglu said in a report to clients. U.S. Transportation Security Administration data shows passengers have almost tripled from the low in mid-April, alhtough the daily totals are still down 87% from a year ago, she said. Boeing surged 13% to $207.94 at 3:04 p.m. in New York, bringing its weekly gain so far to 42% -- the most on the Dow Jones Industrial Average. That lifted the manufacturer’s market value to $117.4 billion, up $35 billion on the week.‘Long Recovery’Kahyaoglu cautioned that “there is likely still a long recovery ahead.” A majority of 1,515 consumers surveyed by investment banks in China, the U.S. and U.K., said it would take at least six months before they’d feel comfortable flying again, she said.Still, investors are no longer fleeing Boeing, Airbus SE and many of their suppliers the way they were when as air travel suffered its sharpest-ever contraction because of the pandemic. With the crisis seemingly easing for much of the globe, and the Max edging closer to gaining reauthorization from regulators, “investors see a good opportunity,” said Bloomberg Intelligence analyst George Ferguson.Boeing’s 5.04% bonds due 2027 have tightened more than 88 basis points this week, compared to an 18 basis-point contraction for the broader investment-grade index with a similar duration. The cost to protect the company’s debt against default for five years has also dropped more substantially than the high-grade index.There’s still uncertainty over when the Max will resume flying -- and how long before it returns to a steady source of cash for Boeing. The company has appeared to be on the road to recovery several times -- only to backslide -- since the best-selling jet was grounded in March 2019 after two fatal crashes.Boeing’s “stock price surge despite the Street’s tepid 25% net buy rating likely reflects signs of air traffic recovery” and the company’s “liquidity-boosting debt raise,” Cai von Rumohr, analyst with Cowen, said in a report Friday.But he cautioned that there’s “mixed” evidence that cash-strapped airlines will add hundreds of Max to their fleets by the end of next year, as Boeing executives predicted. And consensus cash-flow estimates for the company “look over-optimistic,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Trump made his assessment at the White House, shortly after the U.S. Labor Department reported an unexpected surge in May jobs, and five weeks after Buffett said his Berkshire Hathaway Inc sold its airline stakes. "Warren Buffett sold airlines a little while ago," Trump said.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
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 […]
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 […]
In this article we will check out the progression of hedge fund sentiment towards Abraxas Petroleum Corp. (NASDAQ:AXAS) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
Share prices for American Airlines, Luckin Coffee, XpresSpa and Genius Brands have all spiked up to unusual price points. Here's what you need to know before investing.American Airlines: Why Did The Price Move? American Airlines Group Inc (NYSE: AAL) stock took off Thursday, gaining more than 40% on the day. This followed a statement by the company saying it believed 74% more flights will take place in July than in June. Mind the bears, however. Citron Research tweeted on Friday that the surge was largely due to increased buy volume from young retail traders, and didn't reflect the company's poor fundamentals.> $AAL Back to $10 Robinhood traders have 0 idea what they buying. Balance sheet is upside down. Unencumbered assets worth far less than current price. The reason why Buffett fully exited lower. They don't teach finance in the Sherwood Forest.> > -- Citron Research (@CitronResearch) June 5, 2020Luckin Coffee: Why Did The Price Move? The recent spike in shares may have been due to bargain hunting amid the stock's plunge. Although the number of shorted shares has declined from April, Chinese Starbucks (NASDAQ: SBUX) competitor Luckin Coffee Inc (NASDAQ: LK) still is at a relatively high 37.73 million as of May 15, representing 14.91% of the outstanding shares. The short ratio as of May 15 was at 1.92. With bargain hunters picking up the stock, some of the short bets may have unwound, creating additional strength.XpresSpa: Why Did The Price Move? XpresSpa Group Inc (NASDAQ: XSPA) shares are trading higher after the company announced it has signed a contract with HyperPointe to provide coronavirus screening and testing in U.S. airports.Genius Brands: Why Did The Price Move? The shares of Genius Brands International Inc., (NASDAQ: GNUS) a company until recently struggling to keep itself listed on Nasdaq, have added 2458% since May. The surge has come following a string of operational advancements and investments announced by the children entertainment company.See more from Benzinga * Analysis: Amazon Air And ATSG Grow Together * Group Of Pro-Cannabis Law Enforcement Agents Share Recommendations For Police Transparency, Accountability * The Rise Of The Cannabis Beverage: An Analysis(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Indeed for North America Director of Economic Research Nick Bunker joins Yahoo Finance’s Zack Guzman to discuss the May jobs report as the U.S. economy unexpectedly added 2.5 million jobs with the unemployment rate falling to 13.3%.