Proven oil reserves are currently 80 per cent of global production. The crude price is expected to rise only slightly by 2021, which would result in $397 billion in overall OPEC sales. Saudi Arabia is an OPEC member. Crude production increased to 9.8 million barrels in 2019. About a quarter of OPEC’s total production is produced in Saudi Arabia. Petroleum products are transported daily on major carriers. Unlisted profits fell by 34% in 2020. The U.S. production is above 17 million barrels per day. Based in Haynes and Mid-Cade shale plays, Vine Energy, Inc. was founded in 2014. The stock…
Author: Isabelle Acosta
Gambling and casinos had suffered under COVID-19. Societal distancing led many luxury resorts and gaming establishments to cease operations for the remainder of the year. The industry is expected to grow to be worth $520 billion this year. Major players in the sector are anticipated to be prominent leaders. MGM reported quarterly revenues of $1.65 billion. Like Las Vegas Sands Corp. (LVS), regularised gaming firms have also been steadily increasing their market share of total capacity. They will be allowed to operate at 80% capacity in Clark County, and this month they will reach capacity 100% for the first time.…
Virtual reality games garner most of the attention, but there is far more to it than just as a gaming feature. There are several applications for virtual reality that aids all of our services. An investment of $17 billion has already been made in the COVID-shorts by 2020. The projection will most likely double to $200 billion by the end of the decade, given the VR industry’s alarming 48% annual growth rate. Facebook is working on a virtual reality (VR) product that will use nerve signals to track movement. Facebook purchased Oculus in 2014 and is currently working on other…
Investing legend Jeffrey Ubben has delivered 14% annualized returns for his shareholders since starting ValueAct in 2000. He left ValuAct CEO last year to concentrate on socially responsible investing. While acting as CIO and chairman of ValueAct initiated 21st Corporation, Halliburton Corporation, and Rolls-Royce Holdings. In his day-to-to-day work, he’s considered to be easy to work with. A CEO of a hedge fund, who has been in 15 boardrooms, likes to build concentrated portfolios by picking those that appear out for sale or in disfavour. Stake in the top eleven companies in his hedge fund will be equal to about…
The United States is a popular tourist destination. Millions of tourists travel to the country every year. According to the International Trade Administration study, 79.3 million international visitors will come to the United States in 2019. The travel and tourism industry (both direct and indirect) accounted for 2.9% of the world’s GDP in 2019. Visits to the U.S. dropped 75% as a result of the pandemic in 2020. The World Travel & Tourism Council predicts that travel and the economy will shrink by 41%. Six U.S. carriers are projected to have a loss of $35 billion in 2020. The largest…
Major companies like Apple, Alphabet, and Facebook have established multiple news-registration and book-tracking apps. Google’s News for Android and iOS remain the go-to news app for millions of readers. The Washington Post (owned by former Amazon.com CEO Jeff Bezos) had a whopping 87.9 million uniques in March. Facebook missed the mark when it announced Facebook Paper, smartphone-equivalent news and magazine for Facebook. Apple also jumped into the industry with its subscription-based news platform called Apple News+. The company plans to improve its subscription revenue stream of income. Amazon has made advances in the newspaper and e-book industries. Insider Monkey states…
Investing in stocks that pay dividends monthly or regularly is an excellent strategy for investors who want consistent returns. Not all dividend stocks are healthy. Investors who want monthly dividends should consider dividend stocks that offer high yields consistently to facilitate healthy payouts. Another fund worth talking about is Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. International Business Machines Corporation is another notable tech dividend stock that has a dividend yield of 4.59%. …Altria Group is an excellent dividend with decades of consistent dividend hikes. Altria Group and International Business Machines Corporation are not monthly dividend stocks.…
Food is an extremely lucrative industry where major companies and new entrants are relentlessly trying to outdo each other through taste, safety and transparency, innovation, and product differentiation, as well as capitalizing on new trends like plant-based meat alternatives that are often touted as a solution to food security problems. The Kraft Heinz Company, a large-cap multinational food company based in the US, reported a 7% increase in organic ketchup sales as restaurants loaded up on the condiment last year fearing a shortage. Amazon, the Washington-based retail company, is forecast to overtake food industry giant Walmart Inc. Amazon is a…
One of the side effects of the restrictions placed on business activity was that companies making tools and hardware required for other businesses to function took a huge hit in sales as economic activity ground to a complete halt. Hardware is a vast industry, comprising both computer hardware and general hardware. Qualcomm, a leading hardware company, recently beat analysts’ estimates for the first quarter as the company’s 5G hardware sales were better than expectations. Even though networking and data center hardware remains one of the key focus areas for Cisco, it’s diversifying its revenue stream to shift towards software. Hand-held…
One particular business segment that has excited Wall Street is the vacation industry. Research by the non-profit United States Travel Association shows that the tourism, travel, and vacation industry lost more than $500 billion in spending through 2020 compared to the previous year because of the coronavirus pandemic. For example, The Walt Disney Company, which operates perhaps the famous theme parks in the world, has said it plans to open Disneyland and Disney Adventure by the end of this month. These parks have been closed for a year and brought in more than 30% of revenue for The Walt Disney…
According to recent CDC domestic travel guidelines, people who have been completely immunized with an FDA-approved vaccine will travel safely inside the United States. Domestic travel is expected to recover in 2021, according to TripAdvisor, Inc., with so many booking future domestic trips in the first week of January 2021, while the most common months for domestic vacations are still May through August. In its IPO debut on December 10, Airbnb shares finished the day up more than 112%, closing at $144.71, giving the home-sharing business a market cap of about $86.5 billion, more than double the value it sought…
AI, robotics, and other forms of automation have the potential to bring great economic benefits. But the introduction of automation also has a negative consequence: it could potentially take several jobs away from humans. This is driving the best automation stocks to strong outperformance this year, with many companies that either use or develop automation technologies boasting double-digit gains against a down market. The adoption of industrial automation is significantly growing due to the advent of IIoT (Industrial Internet of Things), 5G technology, smart devices, and growing demand for high-volume production facilities across several industries. Amazon spokesperson, reported by the…