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After making big gains of more than 35% in November following positive Covid vaccine news and developments, the cruise stocks have cooled off over the past month. In a research note Friday, Woronka attributed that turnaround “to multiple reasons, with perhaps the most important being a bit less optimism of late about the timing of a return to sailings out of U.S. ports.”
“It’s unlikely, in our view, that entire fleets will be back in the water much before year end,” he wrote. “The critical question is, at what point can enough capacity return such that current (elevated) cash burn levels can be reduced to more manageable levels that might not necessitate further capital raises?”
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The recovering economy should lift corporate profits this year. But that doesn’t mean companies will pay taxes on the gains, even with rates potentially going up under the Biden administration.
Generous tax breaks in the Cares Act, along with the heavy losses racked up by companies in 2020, may produce a tax shield for years. The higher the tax rate goes, the more companies could save.
The.
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The recovering economy should lift corporate profits this year.
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Another day, another set of recommendations for how to play the cloud.
Since the start of the year, a number of analysts have weighed in with thoughts on the outlook for the cloud software sector, after the group cranked out fantastic returns in 2020. On Thursday it was Oppenheimer analyst Brian Schwartz’s turn.
In a 116-page report, he laid.
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Another day, another set of recommendations for how to play the cloud.
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Facebook Says It Is Removing All Content Mentioning âStop the Stealâ
Twitter also has removed more than 70,000 accounts that spread the QAnon conspiracy theory From news of President Trumpâs extraordinary phone call about Georgiaâs election to his permanent ban from Twitter and a House plan to introduce an article of impeachment, WSJâs Shelby Holliday recaps the historic week in Washington. Photo: Michael Reynolds/Shutterstock By Updated Jan. 11, 2021 10:07 pm ET Facebook Inc. said it is removing all content mentioning âstop the steal,â a phrase popular among supporters of President Trumpâs unproven claims of election fraud, as part of a raft of measures to stem misinformation and incitements to violence on its platform ahead of President-elect Joe Bidenâs inauguration.