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Jobless claims came in above expectations. The Labor Department reported initial claims totaled 779,000 last week—the lowest level since the end of November—while economists had expected a reading of 830,000. Continuing claims drifted lower to 4.6 million, while the total of those receiving benefits fell to 17.8 million. The figures indicate that layoffs related to the coronavirus pandemic are beginning to slow. Still, with unemployment elevated, the Biden administration ... |
Clean Energy Fuels (NASDAQ: CLNE): Clean Energy Fuels shares jumped as much as 25% yesterday and are up nearly 3% today following Credit Suisse initiating coverage in the stock with an Outperform rating and Street-high price target of $17. “No other company besides CLNE has the existing fueling infrastructure across the entire U.S. to support wider and growing adoption” of rene... |
AT&T looks expensive under current conditions In 2015, the company acquired DirecTV, a segment that has struggled for the last couple of years, following a longer-term theme as consumers are increasingly “cutting the cord” on traditional cable or satellite TV services. T has been looking to sell DirecTV, along with other underperforming segments to private equity investors, but would be unlikely to recoup the $49 billion it paid (latest estimates put final expected bids from unnamed, interested parties in the $15 billion range)... |
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MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, pass... |
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