Stocks are back at record highs despite a global pandemic, but that doesn’t mean investors can’t find some bargains in the market.
ViacomCBS shares were trading around $28 as of Aug. 26. The company is expected to earn about $4 per share, which means its stock is trading just under 7 times estimated 2020 earnings. The main issue for Discovery Communications is it doesn’t have a solid streaming-service plan yet. Still, it is a free-cash-flow-generating machine, which bodes well in the current uncertain environment.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves in the premarket: Honeywell, Amgen, Salesforce, Apple, GE & moreThe stocks making the biggest moves in premarket trading include Honeywell, Amgen, Salesforce, Apple, GE, and more. The Democratic Party has become the party of intolerance, censorship and Racism. Democrats have incited riots and promoted Marxist revolution, but offered NO protection to law abiding citizens. The country is waking to their evil and it has sealed their fate!
Source: CNBC - 🏆 12. / 72 Read more »
Shipping Stocks Weather the Pandemic StormInvestors in container-shipping companies are having an unexpectedly good year as freight rates surge despite the pandemic, thanks to quick capacity adjustments and surprisingly robust demand. The Democratic Party has become the party of intolerance, censorship and Racism. Democrats have incited riots and promoted Marxist revolution, but offered NO protection to law abiding citizens. The country is waking to their evil and it has sealed their fate! Baltic Dry index, one of the truest bellwethers of economic activity, started in 1985 to keep track of the ships that move raw materials that fuel economies. Reminds me of Moscow Mitch and his shipping heiress wife, Elaine Chao, our Transportation Secretary.
Source: WSJ - 🏆 98. / 63 Read more »
Asian stocks hit two-year high, Nikkei bounces as Berkshire buys inAsian shares notched a fresh two-year high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period, keeping the safe-haven dollar on the defensive. Crivvens, looks like China will be the biggest superpower soon, guess the virus worked then
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks reach 29-month top, China services surprisingly strongAsian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China's service sector augured well for continued recovery there. Les actions asiatiques ont atteint leur plus haut niveau en deux ans, Nikkei rebondit alors que Berkshire achète Bourse
Source: Reuters - 🏆 2. / 97 Read more »
European stocks seen higher as dovish Fed boosts sentimentEuropean stocks are set to open higher on Monday as dovish U.S. monetary policy signals gave a boost to global risk assets.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks of TikTok U.S. suitors hit by fears of China blockShares of TikTok U.S. suitors Microsoft Corp, Oracle Corp and Walmart Inc fell on Monday after China's move to restrict some technology exports spurred worries Beijing might block any deal for the video app's U.S. assets. Hardly surprising that US businesses have finally realised they're under threat from their own so-called President. Trump has been beaten failing to bring down 'foreigners' so now he's threatening a far easier target: home-grown. Been going on some time, but now out in the open the company monitored the user provided contents, and do some machine learning work for some secretly purposes, then the model specification can not be exported to the country where people provided those contents. ban all the compines who monitored foreign contens
Source: Reuters - 🏆 2. / 97 Read more »