Sales & Marketing news

• Apple will jump 35% on 5G 'super cycle' in raised bull-case scenario, according to Wedbush (AAPL)

  10-08-2020 16:02 via feedproxy.google.com
  
  As Apple circles in on a $2 trillion valuation, don't expect the gains to stop anytime soon, according to Wedbush Securities analyst Daniel Ives.
  In a note published on Sunday, Ives raised his Apple 12-month price target to $515, and its bullish scenario price target to $600, representing upside potential of 16% and 35% from Friday's close, respectively.
  The raise in Apple's price target is predicated on a 5G "super cycle" that, according to Ives, is right around the corner.
  Visit Business Insid
  
  Read more

• Warren Buffett's Berkshire Hathaway reported 2nd-quarter earnings on Saturday. Here are the 5 key takeaways.

  10-08-2020 15:47 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway suffered a 10% slump in operating income last quarter, as the coronavirus pandemic hammered many of its businesses.
  It also sold the most shares in at least a decade, repurchased a record amount of its own stock, took an almost $10 billion impairment charge on Precision Castparts, and sounded the alarm on airlines once again.
  Here are five key insights from Berkshire's second-quarter earnings.
  Visit Business Insider's homepage for more stories.Warren Buffett's
  
  Read more

• US stocks climb as traders weigh Trump stimulus orders against China tensions, coronavirus cases

  10-08-2020 15:36 via feedproxy.google.com
  
  US stocks climbed on Monday as investors digested President Donald Trump's weekend stimulus orders against China tensions and new coronavirus cases.On Saturday, President Trump signed four executive actions to extend coronavirus aid after Congress failed to come to an agreement last week.
  US-China tensions escalated when China imposed fresh sanctions on several members of Congress including senators Marco Rubio and Ted Cruz over Hong Kong. 
  US coronavirus cases hit 5 million over the weeken
  
  Read more

• Oil rises after Saudi Aramco sees Asia demand nearing full rebound

  10-08-2020 15:02 via feedproxy.google.com
  Crude oil futures rose on Monday after Saudi Aramco issued a bullish forecast for market demand.
  The oil producer's CEO said Sunday he sees Asian demand nearing pre-pandemic highs as economies reopen.
  West Texas Intermediate crude jumped as much as 1.8%, to $41.96 per barrel, while international standard Brent crude gained 1.3% to $44.98.
  Prices were also supported by Iraq slashing production by 400,000 barrels per day. The move helps Iraq comply with production cuts set by OPEC+ earlier in the
  
  Read more

• Advertisement

• Foot Locker jumps 23% after saying it expects to report a surprise profit in the 2nd quarter (FL)

  10-08-2020 14:26 via feedproxy.google.com
  Foot Locker on Monday said it expects to report a surprise profit in the second quarter, as comparable sales jumped 18% in the period. 
  Shares of Foot Locker jumped as much as 23% in premarket trading Monday. 
  The company is scheduled to report its second-quarter earnings on August 21 before market open.Watch Foot Locker trade live on Markets Insider. 
  Read more on Business Insider. 
  Shares of Foot Locker surged as much as 23% in premarket trading Monday after the company sai
  
  Read more

• A Wall Street expert breaks down why investors should be giving more weight to small companies in their portfolios — and says these 4 sectors are set to boom amid the pandemic fallout

  10-08-2020 14:15 via feedproxy.google.com
  
  The Fed's intervention into credit markets has eliminated the steep risks associated with small-cap investing, argues Steve Lipper, senior investment strategist and managing director at Royce Investment Partners.
  He lists four small-cap sectors that he expects to do well following the coronavirus pandemic.
  Click here to sign up for our weekly newsletter Investing Insider.
  Visit Business Insider's homepage for more stories.When financial markets went haywire in February and March as the coronavir
  
  Read more

• Kodak share price crashes almost 40% after US government loan for $765 million gets put on ice

  10-08-2020 14:11 via feedproxy.google.com
  Shares in Eastman Kodak tanked in Monday's trading after the US International Development Corp put its $765 million on hold last week. 
  On July 28, the company announced it was getting a $765 million loan from the DFC to aid it in producing drug ingredients. 
  The news led to its stock to explode by as much as 2,190% the next day. 
  The Securities Exchange Commission announced last week that it was investigating the firm on its extraordinary stock growth and whether any insider trad
  
  Read more

• No money, no education, and no connections: Here's how Brian Burke went from a small-time house flipper to a real-estate investing magnate with over 750 deals and 3,000 units

  10-08-2020 14:05 via feedproxy.google.com
  
  Brian Burke, the president and CEO of Praxis Capital, got his start in real estate after being enamored by a late-night infomercial touting financial freedom.
  Initially, Burke employed an investing approach akin to trial by fire since he lacked expereince, funds, and mentors.
  A few years into his venture, Burke pivoted strategies and leveraged outside capital to build the real estate empire he now sits atop.
  Burke is the author of "The Hands-Off Investor," a guide to passive real-estate syndicat
  
  Read more

• Advertisement

• Italy's Nutella billionaire is now taking a chunk out of the cookie business to the tune of $3 billion

  10-08-2020 13:50 via feedproxy.google.com
  Italy's richest family that founded confectionery giant Ferrero Group now owns a sizeable cookie business too. 
  Bloomberg reported Monday that Giovanni Ferrero, who is chairman of the group, saw the value of assets acquired through his CTH holding company increase by 40% last year. 
  This was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
  A number of renowned billionaires have been making investments beyond the traditional remits of their por
  
  Read more

• Goldman Sachs lifts 2021 US GDP forecast to 6.2% and predicts a COVID-19 vaccine will be 'widely distributed' by mid-2021

  10-08-2020 13:05 via feedproxy.google.com
  Goldman Sachs raised its 2021 US GDP forecast to 6.2% from 5.6%, driven by expectations that at least one COVID-19 vaccine will be "widely distributed" by the end of the second quarter next year.
  To reflect recent labor market data, the bank now projects US unemployment will fall to 6.5% by the end of 2021, down from a previous forecast of 7%.
  Strategists at the bank expect a stimulus deal worth at least $1.5 trillion will "become law by the end of August," despite policymakers' recent failure t
  
  Read more

• Gold could surge over 90% and hit $4,000 so long as these two factors remain under control

  10-08-2020 11:56 via feedproxy.google.com
  Gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday. 
  Frank Holmes said: "It's quite easy to see gold going to $4,000."
  Holmes said rising monetary stimulus is the main reason gold prices can soar to that level. 
  Gold broke $2,000 the first time last week, on expectations of a US stimulus bill. 
  Another strategist said development of a vaccine and US presidential elections could reverse gold's rally.
  Visit Business Insider's homepage for more stories.Go
  
  Read more

• Fed's Kashkari warns that unless a stricter US lockdown is imposed, the last few months could feel just like a 'warm-up to a greater catastrophe'

  10-08-2020 10:57 via feedproxy.google.com
  Minneapolis Federal Reserve President Neel Kashkari warned that the US coronavirus case count can only be controlled under a stricter lockdown, without which the last few months could feel like "a warm-up to a greater catastrophe."
  "If we aren't willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available," Kashkari wrote in a New York Times op-ed co-written with American epidemiologist, Michael Osterholm.
  Both emphasised the need for furt
  
  Read more

• Understanding consumers’ need for connection

  10-08-2020 01:05
  
  Many people around the world find themselves fluctuating between adaptation to the requirements of lockdowns and resistance to them, depending on their need for connection with other people; brands will need to reassess their role accordingly,...
  
  Read more

• iQiyi explores new business model

  10-08-2020 01:05
  
  Video-streaming platform iQiyi is increasingly venturing into the offline retail space, leveraging the power of its shows to get involved with brands and KOLs in a new way.
  
  Read more

• ICYMI

  10-08-2020 01:05
  
  Five things you might have missed from last week, including TikTok, Vivo, Beyond Meat and Uber.
  
  Read more

• How BIC is developing its e-commerce strategy

  10-08-2020 01:05
  
  BIC, the pen brand, is focusing on issues like customer journeys, product assortment and packaging as it adapts to the demands of an increasingly complex e-commerce ecosystem.
  
  Read more

Follow @sales_mrktinguk on Twitter!