Investors woke up on Monday morning to a double whammy that sent bank shares sharply lower: Risk of a second virus lockdown and leaked documents showing banks’ participation in criminal transactions.
An investigation by BuzzFeed and the International Consortium of Investigative Journalists showed banks facilitating more than $2t in transactions that were potentially involved in criminal activity.
This is the end… of oil as we know it. Oil execs may finally be waking up to their worst nightmare — a world with a lot less oil.
On Sept. 14, a report by Beyond Petroleum ($BP), one of the largest oil & gas companies in the world, warned of a peak in oil demand. Here, BP presented 3 scenarios where oil consumption would increase 10%, fall 50% or fall 80% by 2050. Even in the most optimistic scenario, oil demand remains relatively flat.
Both Home Depot ($HD) and Lowe’s ($LOW) brought the house down in their second-quarter earnings report. On Aug 18., Home Depot reported earnings of $4.02 (vs $3.71 expected) and revenue growth of 23%. On Aug. 19, Lowe’s reported a strong sales growth of 30%, higher gross margins and earnings of $3.74/share that easily beat analyst expectations of $2.92/share.
Little? Big? Little? Big? Which one will perform better? We will find out.
US small-cap stocks have taken a bigger hit during the pandemic than large-cap stocks.
Cloud companies are having their moment. The BVP Nasdaq Emerging Cloud Index, a performance index of emerging public cloud companies, is up over 50% in 2020. The broad technology index Nasdaq is only up 15%.
It pays to be a good person… At least for those who make ESG (environmental, social, and governance) investments.