BoA: Reasons To Buy Discount Store Stocks

Biden Set Tp Spend Record $280 Million On Ads

On Wednesday, Joe Biden's campaign announced it planned $280 million in ad buys, with 20% going to digital. This is in line with our pre-pandemic predictions that digital political ad spend would skyrocket this cycle. Biden's campaign plans to purchase $280 million in ads across 15 states this fall. Business Insider reports that this is, by far, the largest ad spend by any political candidate.

Bezos Sells $3.1 Billion In Amazon Stock

Amazon CEO Jeff Bezos sold more than $3.1 billion worth of his company's stock between Monday and Tuesday. Business Insider reports the two-day selling spree surpassed the $2.8 billion worth of Amazon shares he sold through all of 2019. Bezos' latest sales also bring his 2020 total windfall to roughly $7.2 billion. Bezos still holds about 54 million shares, worth about $173 billion as of Wednesday's close.

Why Credit Card Companies Are Preparing To Take A Major Hit

Business Insider reports the US economy could see a sharp drop in consumer spending in the coming months. That's because personal income for millions of Americans is about to take a serious hit. Enhanced unemployment benefits that gave millions of consumers an additional $600 weekly lapsed at the end of July. What's more, the US government appears far from passing a new stimulus package that would give consumers more funds.

Common Mistakes Baking Cookies

Making cookies isn't always easy. Business Insider spoke to bakers and compiled a list of common mistakes people make when baking cookies. By not chilling the dough could be messing with the texture of your cookies. Overcrowding the pan can lead to some wonky cookies. Avoid overmixing or undermixing the dough. Using stale baking powder or soda might make cookies fall flat. Don't forget to adjust baking time if using dark colored baking sheets.

Stocks rise, Disney surges after hours

Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.

AMC Theatres, Universal Pictures Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD | THR News

Wall Street analysts on Wednesday weighed in on AMC Theatres' historic agreement with Universal Pictures that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas.

Shopify Crushes Q2 Expectations

On Wednesday, Shopify reported second-quarter earnings results that beat Wall Street's expectations for revenue. The company surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. Business Insider reports the Canadian e-commerce company has gained roughly 170% year-to-date.

Jobless spike, stimulus fight spark stock drop

Wall Street dropped sharply on Thursday as investors fretted over the first weekly jump in jobless claims in months and a battle in Congress over the extension of a special unemployment payout. Conway G. Gittens has the action.

Apple Downgraded By BoA

On Wednesday, Bank of America analysts downgraded Apple, Inc. To BoA, Apple's surging stock price doesn't present the strong risk-reward profile it once did. BoA downgraded Apple to "neutral" in a note. It said Apple's recent rally to record highs faces too many risks to recommend buying more shares. Business Insider said Apple's future performance could slip if 5G iPhones miss expectations or sell worse than estimated. Services may also shrink after several quarters of "unsustainable" growth.

Buffett's Apple Stake Triples In Value

Warren Buffett's investment in Apple has tripled in value to north of $100 billion. Buffett's Berkshire Hathaway spent about $35 billion to build the 5.7% stake in Apple The 10% rise in Apple's stock price on Friday boosted its value to about $104 billion. Business Insider reports that Berkshire's Apple position is now worth more than four times its second-largest holding, Bank of America. Industry analysts call Buffett's investment into Apple "one of the best investments ever."

Kayne Files For New 'Yeezy' Trademark

Kanye West has applied for a trademark on Yeezy-branded cosmetics. According to Business Insider the filing includes provisions for makeups, creams, hair gels, and even scented pine cones. Companies often file trademarks to protect intellectual property without actually selling products. The move has sparked speculation of a possible Yeezy beauty business. The Yeezy sneaker brand was valued by Bank of America to be worth up to $3 billion on its own in 2019.

Kanye West Has Filed For A Yeezy Cosmetic Trademark

Kanye West has applied for a trademark on Yeezy-branded cosmetics. Companies often file trademarks to protect intellectual property without actually selling products. The move has sparked speculation of a possible Yeezy beauty business. The Yeezy sneaker brand was valued by Bank of America to be worth up to $3 billion in 2019. The filings dated June 2nd elaborated on plans for makeup, body glitter, skin creams, and hair products.

Trim exposure to Apple, Microsoft: strategist

Crossmark Global Investments' Victoria Fernandez is still bullish about tech stocks, but she says investors should take some profits on the big names. She tells Reuters' Fred Katayama investors should put the proceeds into Walmart, McCormick and JPMorgan Chase.

Walmart Will Offer Low Cost Health Insurance

Walmart has over 5,000 locations in the U.S. and 265 million customers globally. And according to Business Insider, they may be ready to give health insurance providers some competition. Walmart is launching a low-cost health insurance offering, available to customers. It's called Walmart Insurance Services LLC. The discount store says that the Walmart Health Center prices will be up to 50% lower than traditional care.

If fast food is essential, so are kids in school -DeSantis

Florida Governor Ron DeSantis on Thursday spoke about reopening schools and told reporters, "We spent months saying that there were certain things that were essential. That included fast-food restaurants. It included Walmart. It included Home Depot... if all that is essential, then educating our kids is absolutely essential."

Walmart is competing with Amazon Prime by launching a new subscription service

Business Insider reports that Walmart is set to launch Walmart+ by the end of this month. The subscription will cost $98 a year. It will offer members free same-day delivery from Walmart stores. Members will also get delivery perks, discounts at Walmart gas stations, early access to promotions, and self-checkout tools. The retailer will also introduce a Walmart+ branded credit card and possibly video entertainment.