McDonald’s restarts share buybacks as business recovers from pandemic hit
McDonald’s had suspended its $15 billion buyback program early last year as the burger chain looked to conserve cash in order to navigate through the COVID-19 health crisis that had forced many of its restaurants to close their doors to diners. The burger chain declared a quarterly cash dividend of $1.38 per share payable on December 15, taking its fourth-quarter dividend payout to over $1 billion.
Lockheed Martin raises dividend by nearly 8%, buybacks by $5 billion
Lockheed Martin Corp. (LMT) said late Thursday its board raised its dividend and its authority to buy back stock. The aerospace company said its fourth-quarter dividend of $2.80 a share represents a 7.6% increase and is payable Dec. 27 to shareholders as of Dec.1. Lockheed Martin shares were up 0.5% after hours, following a 0.7% rise in the regular session to $344.20.
Why Wells Fargo And Bank Of America Shares Are Rising
Shares of banks and financial services companies, including Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC), are trading higher amid a rise in the 10-year treasury yield. Stocks across sectors have gained for the session as investors weigh Wednesday’s Fed decision. Stocks also continue to rebound following Monday’s selloff, which was driven by volatility in Chinese markets. Wells Fargo is one of the largest banks in the United States. The company is split into four primary segm
EQT Probed by Swedish Regulator Over Suspected Market Abuse
(Bloomberg) — EQT AB, Europe’s biggest listed private equity firm, is being investigated by the Swedish Financial Supervisory Authority for suspected market abuse. The shares fell as much as 8.1% in Stockholm trading.Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerli
Why General Electric Stock Leapt Higher Thursday
Shares of industrial giant General Electric (NYSE: GE) shot up 5% as of 3:05 p.m. EDT Thursday on news that the company will make its largest acquisition in at least three years. Ultrasound maker BK Medical, “a leader in advanced surgical visualization,” is the target, said GE in a press release. GE will ante up $1.45 billion in cash for the acquisition, and will incorporate BK Medical into GE’s $3 billion healthcare business.
Hedge Funds are Selling Tesla (TSLA) and Buying These 10 EV Stocks Instead
In this article, we discuss the 10 EV stocks hedge funds are buying instead of Tesla. If you want to skip our detailed analysis of these stocks, go directly to Hedge Funds are Selling Tesla and Buying These 5 EV Stocks Instead. Tesla, Inc. (NASDAQ:TSLA), the California-based electric vehicle (EV) firm led by billionaire Elon […]
10 Stocks to Buy and Hold According to Bill Gates
In this article we will take a look at the 10 stocks to buy and hold according to Bill Gates. You can skip our detailed analysis of Gates’ history, investment philosophy, and hedge fund performance, and go directly to 5 Stocks to Buy and Hold According to Bill Gates. Co-founder of the leading tech giant […]
Why Shares of InMode Are Up 20% So Far This Week
What happened Shares of InMode (NASDAQ: INMD), a provider of devices that harness radiofrequency energy for cosmetic surgical procedures, are up 20% this week as of the close on Thursday afternoon. Image source: Getty Images.
3 Top Stocks Under $10 a Share
Zynga (NASDAQ: ZNGA) hasn’t been a particularly great performer of late. Zynga is now calling for a Q3 adjusted EBITDA of only $150 million and a net loss of $110 million, which suggests that its casual video gaming business is contracting rather than expanding. It’s arguable that investors have overreacted to that premise though, driving Zynga shares well below where they should be.
Why Cathie Wood Is Buying 2 Gene-Editing Stocks but Selling Another
Cathie Wood believes in the potential of gene editing. It’s not surprising that Wood’s ARK Genomic Revolution ETF (NYSEMKT: ARKG) and ARK Innovation ETF (NYSEMKT: ARKK) have invested heavily in several gene-editing stocks. The ARK Innovation ETF recently sold some of its shares of Editas Medicine (NASDAQ: EDIT).