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Trading Ideas

Bet on Drops in ‘Stretched’ Tech Stocks, Credit ETF, Btig Says

(Bloomberg) — Technology stocks and investment-grade corporate bonds look particularly extended and investors can position via options for potential reversals in both asset classes, according to Btig LLC.“The tech stock/Nasdaq centered rally appears stretched as the Nasdaq VIX made a new yearly low in December, diverging from the S&P 500 VIX,” which didn’t breach lows from April and November, Btig strategist Julian Emanuel wrote in a note Jan. 1. The Cboe NDX Volatility Index reached its lowest closing level since January 2018 last month.Emanuel recommends a bearish trade on the tech-heavy Nasdaq involving buying February $203 puts on the Invesco …read more […]

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Trading Ideas

Oil climbs on U.S.-China trade optimism, Middle East tensions

Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply. U.S. West Texas Intermediate (WTI) crude was up 21 cents, or 0.3%, at $61.27 per barrel. Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the year by a thaw in the prolonged trade dispute between the United States and China – the world’s two largest economies – and a deeper output cut pledged …read more […]

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Trading Ideas

Oil climbs on U.S.-China trade optimism, Middle East tensions

Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply. U.S. West Texas Intermediate (WTI) crude was up 21 cents, or 0.3%, at $61.27 per barrel. Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the year by a thaw in the prolonged trade dispute between the United States and China – the world’s two largest economies – and a deeper output cut pledged by …read more […]

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Trading Ideas

Asian shares rise on China's policy easing, trade deal hopes

Asian shares kicked off the new decade higher on Thursday, after global stocks ended the previous one at record highs, and buoyed by Chinese markets after Beijing eased monetary policy to support slowing growth. Investors also cheered news that the United States and China will sign a trade pact soon after a year of volatile negotiations between the world’s two largest economies. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.35% in morning trade after rising 5.6% in December. …read more […]

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Trading Ideas

Apple Strikes New Deal with U.K. Chipmaker It Sidelined in 2017

(Bloomberg) — U.K. chip designer Imagination Technologies Group Plc said it’s struck a new license agreement with Apple Inc., reviving a business relationship that had all but ended in recent years.The company, which was sold to Chinese buyout firm Canyon Bridge Capital Partners for 500 million pounds ($663 million) in September 2017, said Thursday it “formed a new multi-year license agreement under which Apple has access to a wider range of Imagination’s intellectual property in exchange for license fees.”Apple previously used graphics chips or GPUs in its iPhones and iPads that were designed by Imagination Technologies, but it moved to …read more […]

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Trading Ideas

Apple Strikes New Deal with U.K. Chip Designer It Sidelined in 2017

(Bloomberg) — U.K. chip designer Imagination Technologies Group Plc said it’s struck a new license agreement with Apple Inc., reviving a business relationship that had all but ended in recent years.The company, which was sold to Chinese buyout firm Canyon Bridge Capital Partners for 500 million pounds ($663 million) in September 2017, said Thursday it “formed a new multi-year license agreement under which Apple has access to a wider range of Imagination’s intellectual property in exchange for license fees.”Apple previously used graphics chips or GPUs in its iPhones and iPads that were designed by Imagination Technologies, but it moved to …read more […]

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Business News

California to reject Sezzle’s application for lending license in state

A California state agency announced its intention to reject buy-now-pay-later company Sezzle Inc’s application for a lending license in the state, sending its shares to a record low on Thursday. The California Department of Business Oversight (DBO), which oversees and regulates financial service providers in the state, issued a statement saying it would deny Sezzle’s application.

…read more […]