Trading Ideas
Facebook stock tumbles despite earnings beat
Despite reporting a beat on the top and bottom lines during its fourth quarter, Facebook stock plunged in after-hours trading. …read more […]
Month: January 2020
Trading Ideas
Ovintiv Faces First Investor Test After Rebrand From Encana
(Bloomberg) — The oil and gas producer formerly known as Encana Corp. has completed its corporate overhaul with a new domicile and a new name. It has yet another hurdle to cross.Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after the $5.5 billion acquisition of Newfield Exploration Co. in 2018. The Stack and Scoop fields in the Anadarko Basin have faced investor scrutiny and operational challenges that sent a handful of small explorers into bankruptcy. The company is also set to host a tour of its …read more […]
Trading Ideas
Using Strangle Trades to Win on General Electric
This is the fourth time we’ve made money on General Electric (NYSE: GE) in the past nine months.
Ever since Larry Culp, former Danaher CEO, took over the reins at General Electric, the shares have been on a tear. It was no different today, with shares setting a new 52-week high after releasing great numbers this morning.
The shares moved up more than 10% on news that General Electric beat earnings and revenue estimates. Of course, this is just a game on Wall Street. The earnings and revenue estimates had been lowered several times last year.
So in reality the numbers weren’t that …read more […]
Business News
Lyft cuts 2% jobs on journey to profitability
Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of profitability by the end of 2021.
Business News
Fed keeps interest rates steady, offers no new balance sheet guidance
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs.
Trading Ideas
Former Fed economist: The Fed’s biggest risk won’t happen in the near term
Nareit Senior Vice President Calvin Schnure joins Yahoo Finance’s Seana Smith to discuss the Federal Reserve’s biggest risk. …read more […]
Business News
Oil mixed as virus fears, U.S. stock build face talk of further OPEC cuts
Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.
Business News
Google temporarily shutting down all China offices: The Verge
Alphabet Inc’s Google is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country, technology website The Verge reported on Wednesday.
Business News
Global stocks gain on solid results, but virus keeps safe-havens alive
Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China kept a safe-haven bid in gold and the dollar alive.
Trading Ideas
'Bilking taxpayers': Warren demands $22 million owed by student loan servicer Navient
In a letter to Education Secretary Betsy DeVos, shared exclusively with Yahoo Finance, Senator Elizabeth Warren urged her to make haste on collecting that amount from Navient. …read more […]
Trading Ideas
S3 Partners names its top short squeeze candidates
S3 Partners is out with its list of stocks that could be primed for short squeezes — or a surge in share prices — as short sellers are forced to cut their losses. Yahoo Finance’s Zack Guzman and Sibile Marcellus discuss with Salt Financial President, Alfred Eskandar. …read more […]
Trading Ideas
What the Fed rates decision means for markets
NYU Stern School of Business’s Nicholas Economides joined Yahoo Finance’s The Ticker to break down the Fed’s decision to hold rates steady. …read more […]
Business News
British Airways, Iberia suspend direct flights to mainland China amid virus fears
British Airways has suspended all direct flights to and from mainland China, one of the biggest names in aviation to do so, as worries grow about the impact of the spreading coronavirus on global travel.
Business News
Fed leaves rates unchanged, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market.
Business News
Fed holds rates steady, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market.