Biden warns against foreign interference in US elections: ‘I am putting the Kremlin and other foreign governments on notice’

Biden warns against foreign interference in US elections: 'I am putting the Kremlin and other foreign governments on notice'

Former Vice President Joe Biden on Monday issued a stern warning to Russia and other foreign government not to interfere in U.S. elections. Hotels and retail suffered worst, while logistics and residential provide some stability In today’s always-on, alert-filled world, sometimes the best thing to do is nothing. United Airlines stock has a long way to gain credibility. Unfortunately, mainstream media coverage has not helped matters for UAL. IRVINE, Calif., July 20, 2020 (GLOBE NEWSWIRE) — Oncocyte Corporation (NYSE American: OCX), a molecular diagnostics company with a mission to provide… Briggs & Stratton (BGG) is filing for bankruptcy and the news has BGG stock trading on hold Monday following the announcement.

The lengthy statement also admonished the Trump administration.

ABC News

Source: abcnews.go.com

Author: ABC News


Global real estate crushed by Covid - The Real Deal

Global real estate crushed by Covid – The Real Deal

The coronavirus has been crushing global real estate investment for months, but there are a couple of sectors weathering the storm (iStock)

The coronavirus has been crushing global real estate investment for months, but there are a couple of sectors weathering the storm (iStock)

Global real estate investment was slammed over the first six months of the year, falling by a third compared to the same period last year.

But amid the coronavirus-fueled hurricane a couple of sectors have been holding up, according to a new report from Savills, cited in Bloomberg.

First the bad news: The Asia-Pacific region, where the virus first flared, saw real estate investment fall 45 percent from January through June, according to the report. In the Americas, investment dropped by 36 percent and in the Middle East, Europe and Africa, the overall decline was 19 percent.

Simon Hope, head of global capital markets at Savills, said investment is “expected to remain well below pre-pandemic levels for the rest of 2020 as investors wait for market clarity.” Overall, the International Monetary Fund predicts a decline in global GDP of 4.9 percent this year. Through the end of 2021, the IMF estimates a loss of $12.5 trillion globally.

Still, as bad as things have been, declines have been less severe than the January through June period in 2008, when global real estate investment fell by 49 percent, according to Savills. That number kept falling through the middle of 2009.

And despite the grim outlook, “certain sectors are expected to outperform as investors focus on secure assets, namely logistics, residential and life sciences,” Hope told Bloomberg.

Industrial and residential properties have fared better than hotels and retail, where investment declined 59 and 41 percent, respectively, since government lockdowns halted the global travel industry and forced stores to close down.

In late February, the Blackstone Group agreed to buy a $3 billion portfolio of Japanese rental properties from Anbang Insurance, boosting the market there, according to Savills.

While Congress gears up to debate another massive stimulus bill — potentially including low-cost loans for real estate companies — the European Union remains divided over its latest spending plan, and British Prime Minister Boris Johnson has promised new infrastructure spending, potentially creating more opportunities for real estate investors. [Bloomberg] — Orion Jones

Source: therealdeal.com

Author: Kevin Rebong


Why Patience Is the Most Important Factor in Successful Investing

Why Patience Is the Most Important Factor in Successful Investing

In today’s world of no-fee discount brokers, real-time alerts, and the 24/7 news cycle, investors can often get lost, confused, and emotional. At its worst, today’s financial media encourages investors to take excess action, which is actually one of the worst things one can do in investing. That’s because the most important principle in investing is not how savvy your trading chops are, but something quite the opposite: patience.

While professional investors can often get lost in the weeds of earnings results, the next big technology innovation, trade wars, pandemics, or anything else, everyday investors can achieve stunning long-term investing results — often beating the professionals — as long as they adhere to a regular investing schedule and practice the principle of patience.

Why is patience the most important principle in investing? Consider the following eye-popping statistics in the examples below.

A young business woman closes eyes and touches index fingers to thumbs in meditation as hands come at her from all sides with papers and work stuff.

Image source: Getty Images.

While picking individual stocks can be fun, exciting, and give investors the possibility of outsized returns, most investors will do just fine over the long term with either an index fund or diversified exchange-traded fund (ETF) with broad market exposure.

However, more important than picking the exact right type of fund is how early you start investing, especially if you’re looking to hit the retirement milestone at age 65 or earlier. This is due to the power of compound interest, which Albert Einstein once referred to as the eighth wonder of the world.

Consider the following example: Two people, Phyllis and Donny, each earn an average 7% return on their investments over the long-term, which is about the average return of the stock market over its history. However, Phyllis and Donny invest different amounts at different times in their lives. 

Phyllis starts the earliest, investing $5,000 at the end of each year from the time she is 18 through age 27, but then stops, after investing $50,000. Meanwhile, Donny gets a bit of a late start but invests for three times as long: He invests $5,000 at the end of each year between ages 28 through 57, investing a total of $150,000 over 30 years.

Despite Donny’s having invested three times the amount of money as Phyllis, by the time both are 58, Phyllis will have accumulated $600,743, versus Donald’s $505,365!

What’s the lesson? Even if you don’t have much investable cash today, it’s important to invest whatever investable dollars you have as early as you can. With the S&P 500 still below its February highs thanks to the COVID-19 pandemic, today still looks like a fine time to begin or add to your long-term market portfolio.

Aside from just general market compounding, the miracle of compound interest also works — in fact, it works even better — for the very best growth companies. High-quality growth companies often don’t pay out much in dividends or even any dividends, but instead reinvest their earnings internally into new business opportunities. 

In fact, investment guru Warren Buffett once said that, “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.” For an active manager like Buffett, who’s attempting to outperform the market, saying that he likes to hold a particular stock forever and never sell is quite a statement. And yet, if an investor holds a great company — even if you think the stock may pull back in the near term — it’s almost always a better idea to be patient and to let the power of internal compounding do its work, as long as the company retains its competitive advantages and quality management.

Consider the example of one of the great compounding growth companies of all time: Amazon.com (NASDAQ:AMZN). If you had invested in Amazon’s IPO back in 1997 and held all the way until today, you would have made a stunning 2,000 times your money, turning just $1,000 into $2 million.

Yet even if you thought Amazon had terrific long-term prospects, was run by a business genius in Jeff Bezos, and retained strong competitive advantages over rivals, you might have been tempted to sell many, many times along the way. In fact, during the dot-com bubble, Amazon’s stock had risen 50-fold over its IPO price by December of 1999 and had clearly gotten ahead of itself.

“This is a good time to sell,” you might have thought. And in the short term, you would have been right. During the dot-com crash between 2000 and 2002, Amazon’s stock lost a stunning 90% of its value.

However, if you had just been patient and held shares through those turbulent times, you would have gone on to make 2,000 times your money over the 23 years Amazon has been a public company instead of the (admittedly great) 50 times your money in three years back in 1999. Though you may have been able to sell at the top and get back in near the bottom, precisely timing the near-term movements of an individual stock is basically impossible.

As these examples show, whether you make contributions to broad-market funds or high-quality individual stocks, practicing patience can make a huge difference in your long-term returns. That’s even truer if you have stocks in a taxable account, as excess trading may not only limit your long-term returns, but also subject you to capital gains taxes along the way.

So remember, contribute regularly to indexes and ETFs, and seek out great companies with fantastic long-term prospects. Then, do the hardest part of all — nothing!

Source: www.fool.com

Author: Billy Duberstein


Why the Media Did No Favors for United Airlines Stock

Why the Media Did No Favors for United Airlines Stock

As the ebb and flow of United Airlines (NASDAQ:UAL) shares demonstrate, the underlying industry has been incredibly difficult to decipher. On one hand, the novel coronavirus disproportionately impacts air travel. Yet, people have to get on with their lives, which may mean a continued uptick in United Airlines stock.

united airlines plane

Sure enough, UAL is up significantly from its March lows. But United Airlines stock has also shed a conspicuous amount of red ink since its June peak.

Initially, surprisingly positive economic data from the May jobs report lifted enthusiasm. However, that optimism gradually deflated as weekly initial jobless claims reflected the still dire state of the labor market.

Interestingly, though, reports suggest that while Americans are deeply divided regarding the right approach to fixing the economy, most of us are worried about our health. It begs the question; how did airliners get through prior pandemics?

  • 8 Silver Stocks to Consider If Gold Isn’t Your Thing
  • In 2014, a study by the International Respiratory Syncytial Virus Society (IRSVS) analyzed how the H1N1 virus spread inside a passenger airplane. According to the IRSVS, the “influenza pandemic spread from Mexico to at least 214 countries with over 18,000 laboratory-confirmed deaths worldwide, with the true burden of disease many times greater.”

    At the time, the World Health Organization suggested contact tracing for passengers seated within two rows of infected cases. However, the IRSVS’ research indicated that “there was no evidence that the AR [attack rate] for those seated within two rows of an infectious case was different from those who were not.”

    That should be good news for United Airlines stock, right?

    Well, not so fast.

    During this new normal, I’ve had much time to research the coronavirus myself. In my discussions with conservative and faith-based voters, I recognize a familiar theme: most are adamant that the Covid-19 pandemic is exaggerated for political motivations.

    For me, this is nothing new. I watch a lot of Fox News, so I’ve heard these assertions from day one. Frankly, my biggest contention is a lack of independent, peer-reviewed analyses to demonstrate the veracity of this supposed exaggeration.

    Because without such critical evidence, running on a political agenda of your own could lead to disastrous coverage, as comedian Trevor Noah ruthlessly proved. Unfortunately, this has huge implications for United Airlines stock, along with rivals such as Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL).

    As the IRSVS study confirmed, airline travel could actually be much safer than you think despite the coronavirus. But when viewers see Fox News flip-flop multiple times on the pandemic, the organization loses something called credibility. And that may cause potential travelers to wonder, is it really safe to fly?

    Again, according to the IRSVS, close proximity alone isn’t enough of a risk factor toward contracting H1N1. Presumably, you could apply the same principle with Covid-19. However, with so much conflicting information from the media, people might perceive that a threat exists, whether it does or not.

    Worryingly for United Airlines stock, it appears that negative sentiment is impacting air travel volume. Post-pandemic volume peaked in early July due to the holidays but has since declined conspicuously.

    Of course, we need more information before I wave a red flag. But the fact that non-holiday airline travel is still operating at less than two-thirds capacity compared to last year is a big problem.

    You’ll notice that of all the mockery that Fox News has taken over its coronavirus coverage, the one person liberals have not gone after is Tucker Carlson. Say what you want about the man, he has taken this outbreak seriously from the beginning.

    Based on his viewership stats, people obviously trust him. If the rest of his colleagues acted like him, it would have been much easier to at least produce credible counterarguments instead of building talking points around President Donald Trump’s latest rant.

    Still, even that would probably not have been enough to save United Airlines stock and its underlying industry. With states pausing or rolling back their reopening, as well as businesses shifting their operations remotely, there’s just no incentive to fly.

    Moreover, despite many conservatives pushing the exaggeration narrative, their own Republican party is undermining this very thesis. By creating a raging debate over the efficacy of hydroxychloroquine to combat Covid-19, the Trump administration acknowledged – in a backhanded way – that this is a serious crisis.

    Hydroxychloroquine is an anti-malaria drug, which is a serious and sometimes fatal disease. You don’t just walk into your local CVS Health (NYSE:CVS) store and buy a bottle.

    Although I’m speculating, I truly believe that most Americans recognize this confusing storyline over the coronavirus. Not willing to gamble on their health, I think they’ll largely stay home. Of course, that doesn’t help the case for United Airlines stock.

    A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities.

    Source: investorplace.com

    Author: By Josh Enomoto, InvestorPlace Contributor


    Oncocyte to Report Second Quarter 2020 Financial Results on Wednesday, July 29

    Oncocyte to Report Second Quarter 2020 Financial Results on Wednesday, July 29

    IRVINE, Calif., July 20, 2020 (GLOBE NEWSWIRE) — Oncocyte Corporation (NYSE American: OCX), a molecular diagnostics company with a mission to provide actionable answers at critical decision points across the cancer care continuum, today announced that it will release its financial and operating results for the second quarter ended June 30, 2020, on Wednesday, July 29, 2020, after the close of the U.S. financial markets. The Company will host a conference call on Wednesday, July 29, 2020, at 4:30 pm ET / 1:30 pm PT to discuss the results along with recent corporate developments.

    The dial-in number in the U.S./Canada is 877-407-9716; for international participants, the number is 201-493-6779. For all callers, please refer to Conference ID 13706018. To access the live webcast, go to the investor relations section on the Company’s website, or by clicking here:  http://public.viavid.com/index.php?id=140441.

    About Oncocyte Corporation

    Oncocyte is a molecular diagnostics company whose mission is to provide actionable answers at critical decision points across the cancer care continuum, with the goal of improving patient outcomes by accelerating and optimizing diagnosis and treatment. The Company recently launched DetermaRx™, a treatment stratification test that enables the identification of early-stage lung cancer patients at high risk for recurrence post-resection, allowing them to be treated when their cancer may be more responsive to adjuvant chemotherapy. Oncocyte is also developing DetermaIO™, a gene expression test that identifies patients more likely to respond to checkpoint immunotherapies.

    DetermaRx and DetermaIO are trademarks of Oncocyte Corporation.

    Investor Contact
    Bob Yedid
    LifeSci Advisors, LLC
    646-597-6989
    bob@lifesciadvisors.com

    Media Contact
    Cait Williamson, Ph.D.
    LifeSci Communications, LLC
    646-751-4366
    cait@lifescicomms.com

    Source: Oncocyte Corporation

    Source: www.globenewswire.com

    Author: OncoCyte Corporation


    Briggs & Stratton Bankruptcy: BGG Stock Halts Trading as Company Files Chapter 11

    Briggs & Stratton Bankruptcy: BGG Stock Halts Trading as Company Files Chapter 11

    Briggs & Stratton (NYSE:BGG) is filing for bankruptcy and the news has BGG stock trading on hold following the announcement.

    Briggs & Stratton Bankruptcy: BGG Stock Halts Trading as Company Files Chapter 11

    According to Briggs & Stratton, it already has a plan for dealing with bankruptcy. The company says that it will be selling off all of its assets to an affiliate of KPS Capital Partners, an investment company, made for the agreement.

    The agreement will have a court overseeing the sale of Briggs & Stratton to the investment company. It’s also worth noting that the agreement allows other entities to make bids for the company before the deal closes.

    Briggs & Stratton also points out that it has funding to operate throughout the bankruptcy process. That includes $677.5 million in DIP financing. This will let the company continue to operate normally until it completes the bankruptcy process.

    Todd Teske, chairman, president and CEO of Briggs & Stratton, said this about the bankruptcy news.

    “Over the past several months, we have explored multiple options with our advisors to strengthen our financial position and flexibility. The challenges we have faced during the COVID-19 pandemic have made reorganization the difficult but necessary and appropriate path forward to secure our business. It also gives us support to execute on our strategic plans to bring greater value to our customers and channel partners. Throughout this process, Briggs & Stratton products will continue to be produced, distributed, sold and fully backed by our dedicated team.”

    BGG stock isn’t trading as of Monday afternoon.

    As of this writing, William White did not hold a position in any of the aforementioned securities.

    Source: investorplace.com

    Author: By William White, InvestorPlace Writer


    Biden warns against foreign interference in US elections: 'I am putting the Kremlin and other foreign governments on notice'


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