Senators question Facebook, Twitter CEO’s on election interference and censorship
‘Kennedy’ host and panel break down hearing on Big Tech election interference and censorship
Twitter claims it has reversed its censorship of a link to the lawsuit filed by attorney Sidney Powell that seeks to change the outcome of Georgia’s 2020 election results.
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The lawsuit, filed on Wednesday evening, alleges multiple constitutional violations, citing experts, fact witnesses and statistical improbabilities within the results. The plaintiffs seek to decertify the 2020 election results in the state and have Trump declared the winner.
“The URL referenced was mistakenly marked under our unsafe links policy — this action has now been reversed,” a Twitter spokesperson told FOX Business. The warning still appeared when FOX Business clicked on the link.
Shares of The Boeing Company (NYSE: BA), once one of the great industrial companies of the world, remain down 39% so far in 2020, against the S&P 500 which is up 10%. No one should expect a recovery.
Boeing has received some good news. Its crash-prone 737 MAX will return to the skies over the U.S. and Europe. But, the airline industry has been scorched by a drop in passenger traffic due to COVID-19. Even with a vaccine, many experts believe normal passenger traffic will not return for years. In the meantime, carriers, some of which are bankrupt and other teetering in that direction, will not need new planes at any time in the foreseeable future. Boeing’s customers are as badly crippled as it is, if not worse.
Boeing’s third-quarter results were ugly. Revenue dropped 29% to $14.1 billion. Boeing lost $401 million compared to a profit of $1.3 billion in the year-earlier period. Negative operating cash flow was $4.8 billion compared with a negative cash flow of $2.4 billion in the same period a year ago.
The revenue picture was worse for Boeing’s commercial aircraft business, down 56% to $3.6 billion. At least its Defense, Space & Security operations did much better. Revenue was off only 2% to $6.8 billion. Boeing should consider spinning this business out to give investors something of substance to hold onto.
President and Chief Executive Officer Dave Calhoun commented as the results were released: “The global pandemic continued to add pressure to our business this quarter, and we’re aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper, more resilient and more sustainable for the long term.”
The problem is that the pandemic’s effects will go on for years.
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Iowa farmers hoping for some profit after devastating storm
The Iowa Dept. of Agriculture estimates the Derecho damaged more than 10 million acres.
The Iowa Farm Bureau Federation reiterated its support for Republican Sen. Joni Ernst on Sunday after an anonymous Twitter account said otherwise.
A fake email distributed late last week on Twitter said the Iowa Farm Bureau had withdrawn its support for Ernst due to “developments” at Thursday’s third and final senatorial debate when Ernst gave the wrong breakeven price for soybeans, one of the state’s biggest agricultural exports.
“Recently, a fake email has been circulating through social media that Senator Ernst no longer has the support of Iowa Farm Bureau or our members,” the bureau said in a statement.
“Iowa farmers know Senator Joni Ernst understands agriculture and works tirelessly to increase the economic opportunities for Iowa farmers and rural America, and that is why the Iowa Farm Bureau was proud to designate her as a Friend of Agriculture,” the statement added. “She continues to have our full support.”
Ernst campaign manager Sam Pritchard told Fox News in a statement that the senator's Democratic challenger, Theresa Greenfield, and her liberal allies are "pushing false information to confuse voters.”
The Greenfield campaign did not immediately respond to Fox News’ request for comment.
The Iowa Farm Bureau is one of several key agricultural groups in the state that back Ernst. Both the Iowa Cattlemen’s Association and the Iowa Corn Growers also support the senator, making her the only candidate endorsed by all three organizations.
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Greenfield, a real estate developer, leads Ernst by 4.8 points according to an average of polls compiled by RealClearPolitics.
While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it’s pretty hard to get any decent share count leverage.
Many investors, especially more aggressive traders, look at lower-priced stocks as a way to not only make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.
Goldman Sachs is the premier investment bank in the world, so we screened the firm’s outstanding research database and found five stocks trading under the $10 level that could provide investors with some incredible upside potential. While all five are rated Buy at Goldman Sachs, they are much better suited for aggressive investors, and it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
This top security company is a well-known protector of homes and businesses. ADT Inc. (NYSE: ADT) is the largest residential and second-largest commercial security monitoring company in North America. The company serves over 7 million customers, installing over a million systems per year. Roughly 94% of revenue is generated in the United States, with the remainder from Canada.
Google announced in August that it is buying a 6.6% stake in the home security firm for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said that the companies will work to combine Nest products like cameras, thermostats, doorbells and alarm systems with ADT’s installation, service and professional monitoring network.
The company also expects to offer certain Google devices to its customers beginning this year and to expand the integration in 2021.
The Goldman Sachs price target is a stunning $17, well above the $13.67 Wall Street consensus target. ADT stock has retreated in recent weeks to near $8 a share. Hitting the Goldman Sachs target would be a gigantic 108% gain.
This off-the-radar contrarian play has gigantic upside to the Goldman Sachs target. Fly Leasing Ltd. (NYSE: FLY) is a holding company that engages in purchasing and leasing of aircrafts. It focuses on acquiring and leasing the modern fuel-efficient commercial aircraft that are in strong demand around the world. Its portfolio includes Airbus A319, Airbus A320, Airbus A330, Airbus A340, Boeing 737, Boeing 747, Boeing 757 and Boeing 767 aircraft.
The company focuses on acquiring and leasing the most modern fuel-efficient commercial jet aircraft. Its aircraft are leased under multiyear contracts to a diverse group of airlines throughout the world. The company’s strategy is to effectively manage its fleet and grow its portfolio through accretive acquisitions of aircraft.
Goldman Sachs has a huge $19 price objective, while the consensus figure is $13.17. Shares have traded sideways since falling in March and were trading under $8 this past week. Hitting the target would be an incredible 161% gain.
This could be another red-hot play for investors looking for a biotech idea. Magenta Therapeutics Inc. (NASDAQ: MGTA) is a clinical-stage biotechnology company developing therapeutics to transform hematopoietic stem cell transplants for patients with immune and blood-based diseases. It maintains a platform with an integrated and modular approach, which aims to reboot the blood and immune systems.