2.70k followers • 31 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks have the highest Social scores as rated by Sustainalytics Research. This list is generated daily and limited to the top 30 stocks that meet the criteria.
Berkshire Hathaway Inc.
Wells Fargo & Company
Coca-Cola FEMSA, S.A.B. de C.V.
National Grid plc
Digital Realty Trust, Inc.
Liberty Broadband Corporation
Energy Transfer LP
First Republic Bank
Twenty-First Century Fox, Inc.
Arch Capital Group Ltd.
Stanley Black & Decker, Inc. CORP UNIT 2017
Teva Pharmaceutical Industries Limited
Annaly Capital Management, Inc.
Public Joint-Stock Company Mobile TeleSystems
InterContinental Hotels Group PLC
Kimco Realty Corporation
Zillow Group, Inc.
Sociedad Química y Minera de Chile S.A.
Grupo Aval Acciones Y Valores S.A.
New York Community Bancorp, Inc.
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. unloaded shares this week in Delta Air Lines Inc. and Southwest Airlines Co. as U.S. carriers braced for an unprecedented collapse in travel demand because of the coronavirus pandemic.Berkshire cut its Southwest holding by 4% and its Delta stake by 18%, according to regulatory filings Friday. That reduced the exposure of Buffett’s company to an industry in freefall, with Delta predicting a 90% drop in second-quarter sales and competitors making similarly dire forecasts.U.S. airlines, which enticed Berkshire three years ago despite Buffett’s longtime skepticism of the industry, are now turning to the government for financial aid as passengers stay home amid the viral outbreak. Drastic cuts to flight schedules reflect the virtual disappearance of U.S. airline traffic, with barely more than 150,000 passengers flying nationwide on any given weekday compared with normal loads of more than 2.2 million.“I wish I could predict this would end soon, but the reality is we simply don’t know how long it will take before the virus is contained and customers are ready to fly again,” Delta Chief Executive Officer Ed Bastian told employees. “Unfortunately, even as Delta is burning more than $60 million in cash every day, we know we still haven’t seen the bottom.”Delta fell 10% to $20.15 after the close of regular trading in New York, with Southwest and other airlines down as well. A Standard & Poor’s index of major U.S. carriers has tumbled 60% this year, paced by the 74% drop of United Airlines Holdings Inc.Federal AidAirlines are applying for federal aid as the government steps in with cash assistance for passenger carriers of $25 billion to help make payroll, plus another $25 billion in loans.United and American Airlines Group Inc. -- in which Berkshire also owns stakes -- are seeking help, as are Delta, Southwest, JetBlue Airways Corp. and Alaska Air Group Inc. The carriers submitted proposals for payroll assistance Friday. Several said they would negotiate terms in the coming days with the U.S. Treasury, which declined to comment.But as their customers stop flying, the companies said they would be forced to do more to reduce costs and seek additional capital because the government aid won’t be enough.About 30,000 of Delta’s workers have applied for unpaid, voluntary leaves and “we continue to need more volunteers,” Bastian said.Parked JetsJetBlue is parking more than 100 planes out of its fleet of 259 and cut its April flying schedule by 70%.“We’ve shared with you in the past weeks the unprecedented decline in demand for travel, and the situation continues to deteriorate,” JetBlue CEO Robin Hayes said in a message to employees.United is chopping about 80% of its capacity this month to curb costs, with even larger cuts planned in May. The weakness is likely to linger, with United planning for sales “at least 30%” lower in the fourth quarter than in the same period last year, according to a regulatory filing.The airline said it will “proactively evaluate and cancel flights on a rolling 90-day basis until it sees signs of a recovery in demand.”Berkshire has seen enough to pare its holdings. Buffett’s company still has a $1.32 billion stake in Delta and a $1.57 billion investment in Southwest. Berkshire has to report mid-quarter changes because its holdings in those airlines are above a 10% threshold.Berkshire InvestmentsBuffett’s company also has previously reported investments in American and United, but doesn’t have to disclose changes to those stakes as frequently since he’s below a 10% ownership level. Buffett’s assistant didn’t immediately respond to a message seeking comment.The billionaire was a longtime critic of the airline industry after making a bet on US Airways that he called a “mistake.” He even once joked that capitalists should have shot down the Wright brothers’ plane and saved money for investors.In late 2016, however, Berkshire revealed major investments in the big U.S. airlines. Buffett has said that some of the issues in the industry had stabilized as competition dwindled.Berkshire’s large stakes have stoked speculation that it could buy one of the airlines given that Buffett’s company had nearly $128 billion in cash at the end of the year. But the investor said in February that that would be “very unlikely” since such a deal would be complicated in the highly regulated industry.Since then, the airlines have plunged into the worst crisis in their history.“If anyone tells you that they’ve seen anything like this before,” said JetBlue’s Hayes, “don’t believe them.”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.
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. spent this week selling shares of Delta Air Lines Inc. and Southwest Airlines Co.Berkshire sold nearly 13 million shares in Delta and roughly 2.3 million shares of Southwest, according to regulatory filings Friday. That left Buffett’s company with a $1.32 billion stake in Delta and a $1.57 billion holding of Southwest stock.Airlines across the U.S. have been pummeled by a steep drop-off in travel as the coronavirus spreads throughout the country. Delta Chief Executive Officer Ed Bastian said Friday in a memo that it expects second-quarter revenue to fall 90%.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.
(Bloomberg) -- Lawyers for more than half the wildfire victims who negotiated a $13.5 billion settlement with PG&E Corp. say their clients plan to vote overwhelmingly in favor of the bankrupt utility’s reorganization plan.The attorneys represent about 40,300 of the estimated 70,000 who lost homes, businesses and other property in blazes blamed on PG&E equipment. Members of the largest group, represented by the firm Watts Guerra LLP, have voted nearly unanimously in favor of the deal, with more than half of 18,000 total votes already cast, according to people familiar with the matter.The vast majority of the second largest group, represented by the Singleton Law Firm, also solidly back the plan, although most haven’t voted yet, a senior partner said.“So far, the response has been overwhelming,” said the partner, Gerald Singleton, whose firm represents roughly 7,000 victims.The preliminary tallies come as attorneys for a committee representing fire victims in the bankruptcy have asked a federal judge to modify the settlement because half of the payout will be funded with stock that’s been battered by the coronavirus fallout. PG&E’s Chapter 11 plan must win support from two thirds of wildfire victims who cast a ballot. Voting began this week and concludes May 15.PG&E said it remains on track to have its plan approved by the bankruptcy court by June 30. “Since PG&E entered Chapter 11, the company has had one goal, and that is to get victims paid fairly and timely,” the company said in a statement. PG&E shares fell 4.2% Friday.Despite optimism among some lawyers, there are signs of dissension. At least three fire victims have resigned in protest from the 11-member committee appointed to represent those who lost homes and loved ones. One of them, Kirk Trostle, whose home burned in the 2018 Camp Fire, said he was stepping down so he could speak out against the settlement, calling it “flawed.”Read More: PG&E Fire Victims Ask Judge to Guarantee Value of Their DealAs voting continues, lawyers who still back the deal are clashing with those who don’t, hosting competing conference calls and virtual town-hall meetings to win victims to their side. Earlier this week, the activist Erin Brockovich, who has worked with one of the firms Watts Guerra partnered with, wrote an op-ed for the San Francisco Chronicle urging victims to accept the deal, saying it’s one of the largest settlements in history and that there’s no other deal on the table.Richard Bridgford, founding partner of Bridgford, Gleason & Artinian, represents 4,300 of the victims and said he believes his clients will vote overwhelmingly for the plan.Jim Frantz, an attorney with the Frantz Law Group, represents 5,000 victims and said almost all his clients support the deal. Many have been living in trailers since their homes were burned and want to get on with their lives, he said.“It’s not a perfect solution,” Frantz said. “But this is as perfect as it will get at this time.”Mike Danko, an attorney with Corey Danko Gibbs, said most of the 6,000 victims he represents support the plan too. There are no other alternatives on the table, which is why he is recommending they back it.A representative for the Watts group declined to comment.Singleton said he’s recommending his clients support the plan because he believes it will allow them to be paid out in six to 12 months. If it’s rejected, it could take three to five years, he said. He said a “small but vocal” minority of victims oppose the plan in hopes of a better deal.“None of the alternatives are close to what this is offering,” Singleton said. “There is no reason to believe that they would get more money if they rejected the deal.”(Adds company comment in sixth paragraph.)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.
First Republic Bank (FRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The British pound continues to see a lot of resistance in the 1.25 region, an area that is a large, round, psychologically significant figure and of course the 61.8% Fibonacci retracement.
The British pound fell into the weekend, showing signs of overall weakness. After all, the jobs number was horrible in the United States, losing over 700,000 jobs, getting people to run for shelter.
ArcelorMittal South Africa has issued force majeure notices to customers and suppliers "where appropriate" as a nationwide three-week lockdown impacts Africa's biggest steel producer. Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances. ArcelorMittal South Africa also said on Friday it has cut salaries for all employees, effective this month, for a "likely" period of three months.
With majority of annual base rent coming from grocery-anchored centers apart from having solid liquidity, Kimco Realty (KIM) is well poised to navigate through the coronavirus crisis.
The British pound has been resilient this week and has held within a tight range relative to price action in prior weeks despite the dollar regaining upward traction.
Fears grow of one of the worst recessions in modern history, with almost a million people claiming universal credit in just a fortnight.
The Irish budget airline said it would meet expectations for profit over the past year, but flight numbers are now at just 1% of normal levels.
At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, rose above 100 for the first time in over a week to stand at 100.460, up 0.2% on the day and up some 0.6% on the week.
Nonfarm payrolls and service sector PMIs are in focus today. With the West in shutdown mode, both labor market numbers and PMIs are expected to be dire…