(Bloomberg) – Electric vehicle manufacturer Workhorse Group Inc crashed on Tuesday and triggered several trading stops after a key U The postal service contract, which some expected would win, went to rival Oshkosh Corp. instead

The missed opportunity was a severe blow to workhorse investors In New York, stocks fell 47%, the sharpest drop since October 2011. Workhorse did not immediately respond to requests for comment

Shares continued to fall after close of trading, losing 10% Oshkosh, which rose 61% in the regular session, up to 17% after entering the market

The USPS said that under the 10-year contract, Oshkosh Defense will manufacture mail delivery vehicles that will “drive the most dramatic modernization of the USPS fleet in three decades” as part of the initial investment of $ 482 million Oshkosh will complete the design of the vehicle for mail and parcel delivery and 50000 to 165Assemble 000 of them during the term of the contract

The vehicles will be equipped with either fuel-efficient internal combustion engines or battery-electric drives, according to a USPS statement

The contract could be worth more than $ 5Christopher Ciolino, analyst at Bloomberg Intelligence, had sales of 7 billion euros over a period of 10 years

In October last year, short seller Fuzzy Panda Research claimed that Workhorse had ruined its chances of winning the much-anticipated contract after design and manufacture resulted in numerous critical errors in the USPS prototypes, and Workhorse refused to do so Report comment

The US. Postal Service (USPS) announced Tuesday that Oshkosh Defense will receive a 10-year, multi-billion dollar contract to manufacture a new generation of postal delivery vehicles as part of the initial investment of $ 482 million will Oshkosh Defense, a unit of the Oshkosh Corp.To complete the production design, tests, and vehicle tools required prior to vehicle production, Oshkosh had teamed up with Ford Motor Co to come up with a proposal for a transit van

The US. The postal service awarded Oshkosh (NYSE: OSK) an initial $ 482 million on Tuesday to upgrade its fleet of postal delivery vehicles This is a big win for Oshkosh, who has brought the shares of electric truck maker Workhorse Group (NASDAQ: WKHS) to its knees, according to The Post, in a statement that it announced a 10-year deal with Oshkosh Defense for the next-generation delivery vehicle (NGDV) With the original contract, Oshkosh will be able to complete the production design for the vehicle, and 50 over the next 10 years000 to 165Assemble 000 of them

The Workhorse Group has lost the race for a key contract with the US Mail service to a unit from Oshkosh that worked with Ford

Postal Service Awards Contract to Introduce Billion Dollar Modernization of its Postal Delivery Vehicle FleetPR NewswireWASHINGTON, Feb. 23, 2021 – Oshkosh Defense will complete the design of the Next Generation Delivery Vehicle (NGDV) and up to 165Deliver 000 U

Hyliion reports after the close of trading, marking the second time that the manufacturer of electric drives has published results since going public last fall

After the Nasdaq cut huge losses, here’s how to deal with the rally in the wild stock markets, Tesla and Square were running late

Tim Rood, General Manager of SitusAMC, joined Yahoo Finance Live to discuss the long-term impact of COVID-19 on the housing sector

The Dow Jones Industrial Average was down 300 points on Tuesday as technology stocks fell and Bitcoin fell, Tesla shares fell 13%

Vasu Raja – American Airlines’ chief revenue officer, joined Yahoo Finance to discuss prospects for the aviation industry amid Covid-19

Rising commodity prices, additional federal incentives and rising government bond yields are fueling inflation In addition, there is growing concern that stocks – and technicals in particular – are now receiving valuations that are decoupled from reality. Will the changing macro climate pull the bull market back? Too early to say, but it signals that a more prudent approach to investing might be a good move right now.And that brings us to dividend stocks investors want a pad that protects their portfolio in the event of a market dip, and dividends offer just that Profit sharing payments to shareholders provide a steady stream of income that tends to stay reliable even in a downturn.RBC Capital analysts did some of the work for us, identifying dividend stocks that have held high returns of just over 10% when the TipRanks opened -Database we’re examining the details behind these payments to find out what else makes these stocks convincing purchases Annaly Capital Management (NLY) First off, Annaly Capital Management is a Real Estate Investment Trust (REIT) Annaly holds a portfolio of commercial real estate with a strong focus on retail (31%) and office space (29%) Other large investments include apartment buildings, hotels and healthcare properties.The company has total assets of over $ 100 billion in company results for the fourth quarter of 20, Annaly showed a 51% economic return for the fourth quarter, far stronger than the 18% stated for 2020 overall, EPS was 60 cents per common share, covering the regular quarterly dividend of 22 cents more than this is the third quarter in a row with a dividend at this level At an annualized rate of 88 cents per common share, this works out to a dividend of 107%, which is head and shoulders above the ~ 2% return of peers in the financial sector Annaly has a long history of adjusting its dividend payment based on earnings, making it one Reliable Payer Makes Annaly was of interest to investors as well, ending the fourth quarter with $ 87 billion in unencumbered assets, including cash on hand, and the company took advantage of this deep pocket to authorize a $ 5 billion common stock buyback program to return capital to shareholders and Boost share prices RBC 5-star analyst Kenneth Lee likes what he sees in Annaly’s performance and writes, “We continue to favor Annaly’s diversified operating model, strong liquidity and agency-focused portfolio MBS in the current macroeconomic context Annaly is in growth-oriented K We believe diversification should allow NLY to switch between attractive investment opportunities, in line with these comments, Lee rates NLY outperforming (i.e. buying), along with a $ 9.50 Target Price This number implies an upward trend of 14% for the year ahead (To see Lee’s track record, click here) Overall, there is broad consensus on Wall Street on the quality of NLY, as evidenced by the 7-to-1 split among analyst ratings, favoring Buy over Hold, and giving the stock a strong Buy analyst consensus rating USD traded22 and their average price target of USD 9 suggest an upside potential of 9.5% from this level (See NLY stock analysis on TipRanks) Sunoco LP (SUN) We are moving from REITs to the energy industry Sunoco LP is the largest wholesaler for fuels in the USA and supplies more than 7300 Sunoco gas stations in 33 states The company’s products include gasoline, diesel fuel, heating oil, jet fuel, lubricating oils, and kerosene – a full range of petroleum products sold as both branded and branded products. Sunoco also controls 13 storage terminals, the one Ensure secure supplies for delivery to retailers In the retail sector, Sunoco supplies equipment to gas stations – from pumps to payment services. This company’s diversified business has enabled Sunoco to remain profitable during the corona pandemic crisis. EPS was negative in the first quarter as demand on the At the peak of the crisis, it recovered quickly in the second quarter and since then has recorded year-on-year growth in every quarter EPS for the fourth quarter was 77 cents after 75 cents in the same quarter of the previous year USD to 97 million USD back, and the company announced a quarterly dividend of USD 825 cents per common share, which has been held steady from the previous quarter – and has been stable at that level since November 2016, Sunoco has paid a steady dividend for the past 8 years, the current payment is at $ 330 per share, yielding a 106% return on SUN for RBC, analyst Elvira Scotto notes that recent arctic storm patterns in the continental US have negatively impacted sales volume, but continue to be driven by other factors “SUN has Maintained its forecast for 2021 and noted an improvement in volume in January We do not expect the latest weather conditions to have a significant impact on SUN’s volume in 2021, ”said the 5-star analyst.“ We believe that SUN will offer investors considerable current income with an improved balance sheet shows We expect SUN maintains its distribution and that sales coverage is improving over timeScotto outperformed SUN shares (i.e. Buy) and raised its target price from USD 36 to USD 38 The figure implies an upward trend of 23% for the next 12 months (around To see Scotto’s track record, click hereOverall, SUN stocks have a moderate buy rating from the analyst consensus based on a number of ratings including 5 buys, 2 holds, and 1 sell.The stocks have an average price target of $ 3350, which is an upside potential of 8% from the current trading price of 31 USD gives (See SUN stock analysis on TipRanks) To find great ideas for trading dividend stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of the insights into TipRanks’ stocks Disclaimer: The opinions expressed in this article are solely those of the Featured Analysts Content is intended for informational purposes only. It is very important that you do your own research before making any investment

(Bloomberg) – Texas Electricity Operator’s Chairman and four other board members resign after the energy crisis that crippled the state’s electrical system, Sally Talberg, Chair of the Texas Electric Reliability Council, joined with Vice Chairman Peter Cramton and Board members Raymond Hepper, Terry Bulger and Vanessa Anesetti-Parra, the departures are the first high-profile resignations after last week’s power outages that left millions of homes without heat and light and dozens of people died during a historic cold snap for Texas Governor Greg Abbott, last week called for the resignation of board members and other executives of the network operator known as Ercot. Some board members had received death threats as public outrage over the crisis increased. “When Texans needed electricity, Ercot could s not getting a job done and Texans shivering in their homes, “Texas governor Greg Abbott said in a statement.” The state of Texas will continue to investigate Ercot and uncover the full picture of what went wrong in its heyday were more than 4 Millions of Texas homes and businesses without power for several days Even when electricity was restored as temperatures rose, millions were left without safe drinking water after power outages hit sewage treatment plants and water pumps that pressurized lines Texas legislature has hearings closed for Thursday In their letter of resignation, the Ercot board members referred to recent concerns about the leadership of the non-state board of directors at the network operator “In order to give the heads of state a free hand in future direction and avoid distractions, we are coming to an end with effect our urgent conference call on Wednesday the 24th February 2021, from the board of directors, “They saidA candidate for the Ercot board, Craig Ivey, also filed a letter to withdraw his application for unaffiliated director approval, citing concerns from stakeholders recently expressed Houston Mayor Sylvester Turner cautioned against making Ercot a “scapegoat” for the crisis, saying responsibility also rests with the Texas Public Utility Commission and state lawmakers, “which passed before Nov. Turner, who served at Texas House for 27 years before being elected mayor of America’s fourth largest city, filed a bill in 2011 calling for power outage prevention by making sure there was enough in the state Reserve force is available. He said the bill had never been heard ge whether we are really determined to take the necessary steps to prevent this from happening, “he said in an interview. Cramton declined to comment. Talberg, Hepper and Bulger did not immediately respond to requests for comment (Adds comments from the Mayor of Houston in ninth and tenth paragraphs added) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP

Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger agreement to bring the California-based EV company public. Churchill Capital’s shares fell approximately 25% east at 10:45 am Time

(Bloomberg) – AT&T Inc is on the verge of closing a significant stake in DirecTV with private equity firm TPG, marking a long-awaited exit from the struggles to manage a declining satellite television business, a deal valued at around $ 15 billion according to industry experts is a fraction of the $ 48 billion AT&T agreed to pay for the deal in 2014, and if AT&T and TPG are able to reach an agreement, an announcement could be made as early as this week or next, the said People, asking not to be identified as the information is private, the talks could still fall apart and end without a deal, people said TPG and AT&T representatives declined to comment.The news was earlier reported by CNBC, John Stankey, chief executive officer of John Stankey, chief executive officer of AT&T, tried to find the house in the Unt If AT&T can offload a bigger stake in the satellite business, telecommunications giant DirecTV could remove it from its books while maintaining access to some of its cash flow in the year In 2019, activist investor Elliott Investment Management called on AT&T to look into divesting DirecTV, which was open to a merger with rival Dish Network Corp.People familiar with the matter said in 2019 such an agreement would have raised antitrust issues, however, a proposed combination of the two satellite services was shot down by the Federal Communications Commission and the U.S. Department of Justice in 2002 A blank check company owned by former Citigroup Inc Rainmaker Michael Klein had previously expressed interest in a deal, Bloomberg reported last year, but those talks failed Apollo Global Management Inc. Klein Vehicle announced a deal this week with electric car maker Lucid Motors IncFor more articles like this, please visit us on BloombergcomSubscribe Now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP

Jim Cramer said Monday it was not too late to place a big bet on stock reopening. What Happened: “With these names, you’re not running early anymore, but that doesn’t mean you are running late too “said CNBC host” Mad Money “Cramer’s selection includes Walt Disney Co (NYSE: DIS), Marriott International Inc (NASDAQ: MAR), Wynn Resorts, Limited (NASDAQ: WYNN), Southwest Airlines Co (NYSE: LUV) and Royal Caribbean Cruises Ltd (NYSE: RCL) The former hedge fund manager also sees a surge in business for credit card companies such as Visa Inc (NYSE: V), Mastercard Inc (NYSE: MA), and American Express Company (NYSE: AXP) Other favorites are Estee Lauder Companies Inc (NYSE: EL), Caterpillar Inc (NYSE: CAT), Nucor Corporation (NYSE: NUE), and Simon Property Group Inc (NYSE: SPG) “We all know the day will come when we can see the light at the end of the tunnel. We knew the stock reopening would jump ahead,” Cramer said. Why It Matters: The CNBC host advocated that Keeping stocks on the uptrend for economic recovery, advised them to keep investing in growth stocks “It’s not too late to make a big bet on stocks reopening, but remember on the way down too Sinking Away Some of the Better Growth Names’ Cramer picks in the travel sector ended the trading day on Monday in Green Royal Caribbean closed 933% higher in the same day regular session to $ 86.23 The rebound in stocks came despite the cruise ship reporting a net loss of $ 5 billion In 2020 versus $ 19 billion in income the year before. More info from Benzinga Click here for BenzingaFacebook Re-Friends Australia option trades as government changes BillBitcoin to share revenue, but these Ethereum killers are making big gains today © 2021 Benzingacom Benzinga does not offer investment advice All rights reserved

Arizona, Arkansas, and Massachusetts are among the states to lower their tax rates for the 2020 tax year, while Minnesota and North Carolina – among other things – have increased their standard deductions

Standard & Poor’s announced Tuesday that the national property price index S&P CoreLogic Case-Shiller posted a 104% annual gain in December versus 95% in November – the fastest growth since 2013

(Bloomberg) – Bitcoin’s losses accelerated and prices fell below 50$ 000 as investors began ditching the frothyest assets in the market, the cryptocurrency fueled 18% Tuesday, trading around 48 from 5:35 p.m.$ 000m in New York While the sell-off is only bringing Bitcoin prices to their lowest levels in about two weeks, investors are wondering whether this marks the beginning of a major retreat from the crypto industry or simply represents volatility in an unpredictable market “We recommend our clients to exercise caution with crypto speculation,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management, in a statement. “In addition to unresolved regulatory risks, the future use case remains unclear” “After Bitcoin has more than doubled since December it fainted this week with soaring stocks that were top performers last year as momentum sell-off accelerated while tech-heavy stock benchmarks like the Nasdaq 100 almost returned to positive territory on Tuesday Bitcoin continued to hold near the day’s lows, some high Active Bitcoin supporters said it is worth taking advantage of the decline to buy more “We are very positive about Bitcoin and we are very excited about a healthy correction No market is on the rise, “Ark Investment Management’s Cathie Wood said in a Bloomberg interview. She didn’t reveal whether Ark had made a purchase, Elon Musk’s weekend comments that Bitcoin and Ether prices appear to be” high ” were seen as the first catalyst for the sell-off. Musk had helped start the rally when his Tesla Inc announced on Feb. 8 that it had added $ 1.5 billion in Bitcoin to its balance sheet Tesla shares fell for a fourth daySquare Inc said Tuesday that it bought around $ 170 million in bitcoin, combined with the payment company’s previous purchase of 50 million USD makes Bitcoin about 5% of its total cash, cash equivalents, and marketable securities as of December 31, “It’s a purely speculative asset,” said Nader Naeimi, head of dynamic markets at AMP Capital Investors in Sydney, meanwhile, crypto exchange Bitfinex has one Investigation with New York attorney general Letitia James settled on allegations that she hid loss of mingled client and corporate funds and lied about reserves By and large, it’s less than a traffic ticket, “said Antoni Trenchev, managing partner and co-founder of Nexo in London, a crypto lender,” I’m just excited that they’ll reveal more numbers so we can gauge them, and hopefully will this be something com offer away”(An earlier version of the story corrected the heading, the second deck, and the seventh paragraph to clarify that Wood did not say she bought Bitcoin) For more items like this, please visit us on BloombergcomSubscribe now to keep up with the most trusted Business news source to stay ahead of the game © 2021 Bloomberg LP

Even after a price drop of more than 10Analysts see more sales in the last few days

(Bloomberg) – Aydem Holding AS, which went through Turkey’s second largest debt restructuring, applied for an IPO of its renewable electricity producerGaranti Yatirim, Is Yatirim, Turkiye Kalkinma and Yatirim Bankasi AS and Yapi Kredi Yatirim will be announced on Tuesday by E. -Mail sent statement of offering of shares to Aydem Yenilenebilir Enerji AS to head Halk Yatirim, Vakif Yatirim and Ziraat Yatirim to act as co-leaders medium-sized Turkish companies that are rushing to list on the Borsa Istanbul and benefit from a flood of local private investors.The company with the new name Bereket Enerji has loans amounting to 5 billion in 2019 If the IPO hits, it could be the largest share sale in Turkey since discounter Sok Marketler Ticaret AS raised $ 595 million in mid-2018, Aydem Holding expected an offer of around $ 300 million that the Unit could be valued at as much as $ 1.5 billion, people familiar with the plans said late last year, Aydem Holding’s statement did not specify when or where the listing will take place and it is already Goldman Sachs Group Inc, JPMorgan Chase & Co and Citigroup Inc As the world’s leading bookrunners, those familiar with the plans announced at the end of 2019 that the company has 25 power plants with a total output of 1020 megawatts, said Idris Kupeli, managing director of Aydem, in the statement, “In 2021 we are increasing hybrid power generation facilities to diversify our portfolio,” he said. For more articles like this, please visit us on BloombergcomSubscribe now to get with the most trusted Business news source to stay ahead of the game © 2021 Bloomberg LP

Workhorse Stock

World News – CA – EV Maker Workhorse Sinks as Oshkosh Wins Postal Contract

Source: https://finance.yahoo.com/news/ev-maker-workhorse-plummets-oshkosh-210709517.html