Airline stocks have taken a severe beat down this year. Apart from tourism and hospitality, no other industry has been more devastated by the coronavirus pandemic. Most of America’s airline carriers are down between 35% and 65% year-to-date. The government has intervened to save the sector from total collapse. The $2 billion CARES Act rescue bill approved by Congress and President Donald Trump in April included $25 billion in payroll cash grants and $25 billion in loans to the airline industry according to The New York Times. The bailout, which was created as part of an economic stabilization package, enabled…
Author: Stefan Levy
What are the fastest growing economies in Africa? Africa is changing to positive. Did you know that top eight out of ten fastest-growing economies in the world are in Africa? It is becoming evident that Africa is set to become the world’s economic engine in the next 10 years or during the 21st century. Here, we have enlisted the fastest growing economies in Africa. It is based on Average Annual GDP (Gross Domestic Product) growth and CAGR (Compounded Annual Growth Rate). While you read our article, we suggest you take a look at this article on Fastest Growing Economies in the World. Nevertheless, let’s…
AT&T Inc.(NYSE:T) has approached DIRECTV(NASDAQ:DTV) about a possible takeover that would likely be worth at least $40B, Wall Street Journal reports, citing people familiar with the situation. The approach has come since Comcast (CMCSA) announced its deal with Time Warner Cable (TWC) in February, and both AT&T and DirecTV declined to comment on the report, the Journal adds. Analysts have a consensus price target of $35.94 on AT&T Inc.(NYSE:T) which indicates a .67% upside. The consensus rating of the stock is a Hold with a score of 2.33. There are currently 6 Buy ratings on the stock and 12 hold ratings. A…
VistaPrint Limited (NASDAQ:VPRT) shares plummeted in after-hours trading after the online provider of marketing products reported a 77% slump in fiscal third-quarter profit that trailed analysts’ expectations. GAAP net income decreased to $1.4 million, or $0.04 per share, in the quarter that ended March 31, from $5.9 million, or $0.17 per share, a year earlier, according to regulatory filing released on Tuesday. Excluding certain items, non-GAAP adjusted EPS was $0.24. Q3 revenue dropped 1% to $286.2 million. Wall Street’s consensus was for $0.59 per share in earnings and $310.7 million in revenue, according to Capital IQ estimates. For the full fiscal year ending June…
Pacific Crest upgraded Hewlett-Packard Company(NYSE:HPQ) to Outperform citing increased confidence in the company’s profit recovery due to expanding margins, enterprise share gains and stabilizing PC trends. Pacific Crest set a $37 price target for shares. Analysts have a consensus price target of $92 on Hewlett-Packard Company(NYSE:HPQ) which indicates a 14% downside. The consensus rating of the stock is a Hold with a score of 2.37. There are currently 8 Buy ratings on the stock, 1 Sell and 10 hold ratings. Another recent analyst action consisted of Cowen and Company boosting their price target from $90 to $110. JPMorgan upgraded iRobot Corporation(NASDAQ:IRBT) to…
Sprint Corporation (NYSE:S) shares are up more than 2% after the wireless company reported that its Q1 net loss narrowed, far surpassing expectations, with revenue also edging ahead of forecasts. The net loss was $151, or $0.04 per share, from $1.03 billion, or $0.26 a share a year earlier. Analysts expected a loss of $0.08. The company reported operating income of $420 million, its best result in seven years. Revenue slipped to $8.87 billion from $9.12 billion a year ago, but topping forecasts for $8.69 billion. The company now expects calendar 2014 adjusted EBITDA to be between $6.7 billion and $6.9 billion.…
VASCO Data Security International, Inc.(NASDAQ:VDSI) is a strong gainer Thursday, trading to its best in 18 months, after its Q1 results topped the year-ago performance. The e-signature and authentication firm said Q1 net income was $3.5 million, or $0.09 per share, compared to $2.8 million, or $0.07 per share, a year earlier. Revenue from continuing operations increased 10% to $38.8 million from $35.4 million a year earlier. An analyst survey was not available. VDSI traded as high as $9.48 earlier in Thursday’s session, its highest since October 2012. Shares of Omega Flex, Inc.(NASDAQ:OFLX) slipped 1% after the maker of flexible hoses reported…
The Federal Trade Commission has given Facebook Inc. (NASDAQ:FB) antitrust approval to acquire virtual reality goggle maker Oculus VR, says Reuters. Analysts have a consensus price target of $72.11 on Facebook Inc. (NASDAQ:FB) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.84. There are currently 6 Hold Ratings and 32 Buy ratings on the stock. The most recent analyst action consisted of Credit Suisse upgrading the stock to Outperform and boosting its price target from $65 to $87. Needham said iRobot Corporation(NASDAQ:IRBT) hats off to a solid 2014 start and is executing…
Juniper Networks, Inc.(NYSE:JNPR) reported last night after the close, and this morning shares are on the way down and last off by 4.6% to $24.68. At that price, next support is at $24.18 and then at $23.93. The latter level is the bottom of a bullish gap from early January. Resistance is at $25.56. Analysts have a consensus price target of $28 on Juniper Networks, Inc.(NYSE:JNPR) which indicates a 13% upside. The consensus rating of the stock is a BUY with a score of 2.52. There are currently 13 Hold ratings, 1 Sell rating and 14 Buy ratings and 1 Strong…
WebMD Health Corp.(NASDAQ:WBMD) is up over 19.4% to $45.04 following a bump for Q1 adjusted EBITDA above the high end of prior guidance. There was an extremely large percentage of the float short coming into news at over 24.4% according to the last available report, and a squeeze is underway. At current price, next resistance is at $45.82. Support is at $43.33. Analysts have a consensus price target of $54 on WebMD Health Corp.(NASDAQ:WBMD) which indicates a 45% upside. The consensus rating of the stock is a BUY with a score of 2.71. There are currently 1 Sell Rating, 2 Buy…
Shares of China’s NQ Mobile Inc (ADR)(NYSE:NQ) are sinking after the company reported lower than expected fourth quarter earnings per share and said that it had identified an accounting error. NQ Mobile provides mobile Internet services focused on security, privacy and productivity. NQ Mobile Inc (ADR)(NYSE:NQ) reported fourth quarter EPS of 22c, excluding certain items, compared with analysts’ consensus estimate of 32c. The company’s revenue, however, came in slightly higher than expected, and it raised its full-year revenue guidance slightly. The company also disclosed that it had identified an overstatement relating to share-based compensation for the three month and nine…
Logistics technology solutions company Descartes Systems (NASDAQ:DSGX) said it has been selected to provide business-to-business (B2B) communications solution to Smartwares, a consumer goods company offering design-oriented home essentials. Descartes’ cloud-based Messaging Gateway will be deployed to support Smartwares’ logistics operations. Descartes (NASDAQ:DSGX) was flat in U.S. pre-market trading on Monday and closed at $14.08 Friday regular hours. Descartes has a 52-week high of $15.71 and a p/e ratio of 62.09. The company has a market cap of 896 million and 63.66 outstanding shares. Institutions own 67% of the stock. Of the analysts covering the stock, 8 have a BUY rating while…