No Picture
Business News

Tesla’s Musk pushed for SolarCity deal despite major cash crunch: lawsuit

Tesla Inc Chief Executive Elon Musk urged investors to approve the 2016 purchase of SolarCity at a big premium to its market value despite knowing the solar installer faced a cash crunch and publicly stating he had recused himself from involvement in the deal, according to court documents unsealed on Monday.

…read more […]

No Picture
Business News

Canada says border officials, police did not act improperly when arresting Huawei CFO

There is no evidence Canadian border officials or police acted improperly when Huawei Chief Financial Officer Meng Wanzhou was detained and arrested at Vancouver’s airport nearly 10 months ago, the Attorney General of Canada said in a filing released on Monday.

…read more […]

No Picture
Trading Ideas

Using the Nasdaq to Capitalize on Panic-Selling

In past Trade of the Day issues, we’ve discussed the tactical trading strategy of playing market volatility – and, more recently, oil market volatility – by using two different exchange plays:

Cboe Global Markets
Intercontinental Exchange.

For today, I’d like to add one additional name to this list: Nasdaq Inc. (Nasdaq: NDAQ).
As I’m sure you can guess, Nasdaq Inc. is the operator of the Nasdaq stock market, which is part of a so-called “comfortable oligopoly” among exchange-related plays.
Nasdaq Inc.’s trading revenues are tied to trading volumes, so periods of increased trading frequency lead to more transaction volume gains. Just like Cboe Global Markets …read more […]