Most Bought By Hedge Funds

The ODP Corporation Announces New Chief Technology Officer

Office Depot appoints Terry Leeper as EVP and Chief Technology Officer.

Need To Know: Dropbox, Inc. (NASDAQ:DBX) Insiders Have Been Buying Shares

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

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  Have Insiders Been Buying European Residential Real Estate Investment Trust (CVE:ERE.UN) Shares This Year?

  Simply Wall St.
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  Need To Know: Concert Pharmaceuticals, Inc. (NASDAQ:CNCE) Insiders Have Been Buying Shares

  Simply Wall St.

Brokers Are Recommending These Stocks, And with Good Reason

Brokers are recommending these 5 stocks.

3 Top Stocks Trading Under $10 a Share

Each of these companies has a strong business model and the potential for long-term growth. The first pick is Jumia (NYSE: JMIA), a troubled e-commerce company poised for a comeback. The second pick is Glu Mobile (NASDAQ: GLUU), a mobile game developer that can thrive amid the coronavirus pandemic.

Why Eldorado Resorts Rose 13% in June

The casino operator's shares rose for a second month in a row as states started to reopen for business.

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  Why PPG Industries Stock Fell 20% in the First Half of 2020

  Motley Fool
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  Why Tractor Supply Stock Has Soared 41% So Far in 2020

  Motley Fool

The Zacks Analyst Blog Highlights: Zoom Communications, Fortinet, Qorvo, Zscaler and Dropbox

The Zacks Analyst Blog Highlights: Zoom Communications, Fortinet, Qorvo, Zscaler and Dropbox

5 High Earnings Yield Stocks for a Winning Portfolio

Earnings yield is very important in comparing a stock with other stocks and with fixed income securities. A stock with higher earnings yield fetches better returns.

• Treasury yields rise as China fuels global stock-market rally

  MarketWatch
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  3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - July 02, 2020

  Zacks

These 3 Value Stocks Are Absurdly Cheap Right Now

These companies have low P/E ratios and high dividend yields and investors stand to profit from that combination.

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  Are Investors Undervaluing The Gym Group plc (LON:GYM) By 49%?

  Simply Wall St.
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  Is NVR Stock a Solid Choice Right Now?

  Zacks

As Big Oil Stumbles, Total Manages to Stay on Its Feet

(Bloomberg) -- Europe’s oil giants came into 2020 promising shareholders they can “do it all” -- maintain generous dividends, keep the crude flowing and make a historic shift toward clean energy. Only one of them may succeed.Since the coronavirus pandemic wiped out oil demand, Royal Dutch Shell Plc shocked investors with its first dividend cut since the Second World War, while BP Plc announced 10,000 jobs cuts and the sale of its chemical business as debt soared. But Total SA has so far weathered the storm, and investors are confident Chief Executive Officer Patrick Pouyanne can avoid his rivals’ stumbles.They see the French company as an early adopter of clean energy, with multi-billion investments in solar, wind and batteries, but also a rare haven in an industry shattered by the slump in energy prices.“Total has probably the best balance sheet among the majors,” having spent its money wisely in recent years, said Laurent van Tuyckom, who manages high-dividend funds at Degroof Petercam Asset Management in Brussels. “We’re much more cautious on other heavyweights of the industry.”Total has taken steps to mitigate the effect of the downturn. It has cut costs, suspended a plan to increase its dividend by 5% to 6% per year, halted share buybacks, and given investors the option of taking the final quarterly dividend for 2019 in shares instead of cash. It also announced a plan to eliminate 1,000 jobs in France at a petrochemicals unit, and potentially more abroad.Those measures will save $7.5 billion this year, meaning the company can fund its major oil and gas projects, invest as much as $2 billion in low-carbon assets and keep paying its dividend even if oil remains at about $40 a barrel, Pouyanne has said. The payout will rise again when the economic situation has normalized, maybe from 2022, he said.Asset managers are confident Total can maintain its payout until the markets starts to recover. Most investors seem to agree, as the French company has the lowest dividend yield among its European peers, even after Shell’s two-thirds cut.Its peers are not so well placed. Eni Spa’s dividend is “more challenged than most peers at lower commodity prices,” said Biraj Borkhataria, an analyst at RBC Europe Ltd. JPMorgan said a cut to BP’s dividend is “well flagged”, particularly after Shell’s cut in April.Total can defend its dividend “even in an adverse scenario which would see the barrel staying around $40” said Regis Longlade, deputy chief executive officer of AG2R La Mondiale Gestion d’Actifs, which owns shares in Total and Shell. “It’s one of the most robust investment case in the industry. Total has one of the lowest breakevens in the market.”Total now needs less than $25 a barrel to cover its annual expenditure excluding the dividend payment, a drop of more than 75% compared to what it needed back in 2014. It is benefiting from spending cuts initiated since the previous down turn five years ago and investments in low-cost barrels. Its upstream operating expenditure has almost halved since 2014 to $5.4 a barrel, the lowest among the five supermajors, according to Total. Its gearing -- a measure of indebtedness -- has also halved.Writedown WoesYet Total may not be immune to another feature of the current downturn -- multibillion dollar asset writedowns. Last month, BP announced as much as $17.5 billion of charges, its biggest in a decade, saying it expects the pandemic to accelerate the pace of transition to a lower carbon economy. Shell soon followed, warning that it expected a writedown of $15 billion to $22 billion.“BP has made a major step forwards with its writedowns and the issue of financial risks linked with fossil energies,” said Aurelie Baudhuin, head of socially responsible investing research at Meeschaert Asset Management. “That will inevitably spill over to the entire industry one way or another.”Total should follow that example, by giving more details on its roadmap to net zero emissions, and broaden its ambitions to incorporate a worldwide scope, said Baudhuin. Bruce Duguid, head of stewardship, EOS at Federated Hermes also wants Total to follow BP, which “recently changed their management and accounting assumptions to be consistent with a Paris-aligned outlook on demand.”More Work NeededPouyanne is keeping pace with his rivals in the transition to clean energy. While Shell has set the ambition of becoming the world’s biggest power producer in 2030, Total has spent billions on electricity assets and plans to have more than 25 gigawatts of gross renewable generation capacity by 2025. It is targeting carbon neutrality for all its production and energy products used by its customers in Europe by 2050 or earlier.Total bought French battery maker Saft Groupe SA in a 950 million-euro ($1 billion) deal in 2016. It further diversified into power in 2018 with the 2-billion euro acquisition of Direct Energie SA, France’s third-largest utility. It recently announced plans to build batteries for electric vehicles in France and China, expanded in the power sector in Spain, India and Qatar, and announced its first deal in offshore wind in the North Sea.All these factors make Total one of the most attractive investments in the industry, especially since it trades at a discount to its peers, said AG2R’s Longlade.“Its low breakeven, its gearing among the lowest in the industry, and the ability of its management to adjust quickly to the crisis would justify that Total trades at a premium,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Exclusive: CIMB alleges 'suspicious' Hontop Energy oil deals with BP - affidavit

Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as 'suspicious' deals involving oil major BP <BP.L>, according to an affidavit filed with the court this week and reviewed by Reuters. Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price crashed.

Exclusive: CIMB alleges 'suspicious' Hontop Energy oil deals with BP

Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as 'suspicious' deals involving oil major BP <BP.L>, according to an affidavit filed with the court this week and reviewed by Reuters. Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price crashed.

SiriusXM to Announce Second Quarter 2020 Results

SiriusXM announced today that it plans to release second quarter 2020 financial and operating results on Thursday, July 30, 2020.

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  Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2020

  Business Wire
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  Cushman & Wakefield to Release Second Quarter 2020 Earnings on August 6

  Business Wire

What A Biden Victory Could Mean For US Steel Industry

U.S. steel stocks have had a tough run under President Donald Trump, but Bank of America analyst Timna Tanners says things might not get much better for steel stocks if presumptive Democratic nominee Joe Biden wins the White House in November.Biden now has a 20-point lead over Trump, according to the online prediction market PredictIt.org. While steel investors may assume a Democratic victory in November would result in the rollback of Trump's Section 232 steel and aluminum tariffs, Tanners said tariffs have historically been a nonpartisan issue. Both sides of the political aisle voiced concerns about Trump's steel tariffs.While the tariffs seemingly haven't done much to improve steel prices and margins during the Trump presidency, Tanners said Monday that removal of the tariffs at this point would have a negative impact on prices during a critical period for the industry in which it is overbuilding capacity.Other Political FactorsOne potential partisan headwind for the steel industry could be the fate of Trump's border wall with Mexico. Most of the pipe for the proposed border was expected to be delivered by the end of 2020. Tanners said Democrats would likely halt construction of the wall, but whether or not they would tear down and scrap what has already been built could have a major impact on near-term steel prices.Two additional major political catalysts could have a significant impact on the US steel industry, according to Tanners. First, Biden's plan to raise corporate tax rates from 21% to 28% would hurt steel stocks is Democrats gain control in Washington. However, a clean sweep by Democrats could also improve the chances that an infrastructure spending bill will be passed, a potential positive tailwind for steel demand.How To Play ItFor now, Tanners said investors should be careful in the U.S. steel space."Ultimately, a potential Democrat win would add to our already cautious thesis on most U.S. steel names," Tanners wrote in a note.Bank of America has Underperform ratings on Nucor Corporation (NYSE: NUE), Steel Dynamics, Inc. (NASDAQ: STLD) and United States Steel Corporation (NYSE: X). Bank of America has a $34 target for Nucor, a $23 target for Steel Dynamics and a $3 target for U.S. Steel.Benzinga's TakeAt this point, the U.S. steel group is a highly speculative space given the tremendous political risk and uncertainty regarding the election and the potential outlook in 2020 and beyond. Add in the uncertainty created from the COVID-19 outbreak and the trade war with China, and there are simply too many unknowns for investors to have much confidence in steel stocks these days.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Related Links:US Steel Analyst 'Very Concerned' About Liquidity Following Guidance Update Analyst: Vulcan, Martin Marietta Could Be T Infrastructure Spending Winners Photo credit: Petty Officer 1st Class Chad J. McNeeley, USNLatest Ratings for X DateFirmActionFromTo Jun 2020GLJ ResearchUpgradesSellHold May 2020UBSMaintainsSell May 2020TD SecuritiesMaintainsHold View More Analyst Ratings for X View the Latest Analyst Ratings See more from Benzinga(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  3 Great Stocks to Buy If You Think Biden Will Beat Trump

  Motley Fool
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  JPMorgan Says Wall Street Is Too Negative About a Biden Win

  Bloomberg

Why Altria Stock Lost 21% in the First Half of 2020

Shares of Altria Group (NYSE: MO) have gone up in smoke this year as the domestic Marlboro maker fell early in the year after it took another impairment on its Juul Labs stake and then got slammed by the coronavirus pandemic. According to data from S&P Global Market Intelligence, the stock has slipped 21% through the first six months of the year. Altria began the year with Juul facing stiff headwinds as regulators sought to ban flavored e-cigarette pods, the latest setback for the once-promising cigarette disruptor, with the e-cigarette brand embroiled in a number of lawsuits at the state level.

Caesars Entertainment's Atlantic City Resorts Officially Welcomed Guests Back To Their World Famous Beaches, Boardwalk and Marina District

Caesars Entertainment (NASDAQ: CZR) Atlantic City welcomed guests back to their world-famous resorts today at Caesars, Harrah's Resort and Bally's, in accordance with the New Jersey Governor's Executive Orders and all state directives, with a ribbon-cutting ceremony outside of Caesars' Boardwalk entrance on Friday, July 3.

Hamilton Special: 3 Hot Stocks Under $10

Here are some stocks trading for less than that $10 bill that Alexander Hamilton is gracing. I'm not throwing away my shot.

This Is General Electric's Biggest Long-Term Problem

The troubles that industrial icon General Electric (NYSE: GE) has been dealing with are headline grabbers. The biggest story has been its heavy debt load and the efforts to sell assets to get its balance sheet back into shape. The first really big issue for General Electric to deal with, without question, was its balance sheet.

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  General Electric Is Still Playing a Losing Hand

  InvestorPlace
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  3 Reasons to Avoid General Electric Stock Right Now

  Motley Fool