Day: February 20, 2021

Foxconn chairman says expects ‘limited impact’ from chip shortage on clients

TAIPEI – The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only “limited impact” from a chip shortage that has rattled the global automotive and semiconductor industries.

“Since most of the customers we serve are large customers, they all have proper precautionary planning,” said Liu Young-way, chairman of the manufacturing conglomerate formally known as Hon Hai Precision Industry Co Ltd

“Therefore, the impact on these large customers is there, but limited,” he told reporters.

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EPIC GAMES TAKES APPLE FIGHT TO EU ANTITRUST REGULATORS

Liu said he expected the company to do well in the first half of 2021, “especially as the pandemic is easing and demand is still being sustained.”

The global spread of COVID-19

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How often should I start my car and let it idle in cold weather? Answer: Don’t.

InvestorPlace

10 Dividend Stocks Increasing Their Payouts

There are two types of dividend stocks: those that increase their annual dividend payments year after year, often referred to as Dividend Aristocrats, and those that grow their annual dividends by double-digit percentages every year. In early January, Rob Carrick, one of Canada’s best personal finance columnists, wrote an article about dividend stocks that doubled their payouts over the past 10 years. With an assist from Tom Connolly of DividendGrowth.ca, they’ve put together a list of stocks that have delivered 10-year annualized dividend growth of 7.2%. InvestorPlace – Stock Market News, Stock Advice & Trading Tips Why 7.2%? That’s the amount of growth you’d need based on the Rule of 72 — 72 divided by 7.2% equals 10– the number of years growth required to double a company’s dividend payout. Now the names on the list, while excellent businesses, are mostly traded exclusively

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What’s Driving Avis Budget Group Higher Friday?

What happened

Shares of Avis Budget Group (NASDAQ:CAR), a global provider of mobility solutions and rental vehicles through its Avis and Budget brands, were trading 8% higher as of 1:32 p.m. EST Friday.

So what

One possible news item that could have been motivating investors to bid the shares up was Morgan Stanley analyst Billy Kovanis’ recent upgrade of Avis Budget.

Kovanis kept an overweight rating on the stock, which is an optimistic view of its potential, and lifted his price target from $44 to $56. That move was based on his prediction that travel will inevitably rebound and that Avis will benefit more from that than the market is currently giving it credit for.

After reaching what was by far their worst peak of the pandemic last month, new COVID-19 diagnoses in the U.S. have been heading downward steadily in recent weeks. The number of new

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