Trading Ideas
Ford misses quarterly earnings estimates, issues lower 2020 outlook; CFO says guidance 'appropriate'
Ford’s fourth quarter earnings are underwhelming. Here’s what Ford CFO Tim Stone told Yahoo Finance. …read more […]
Month: February 2020
Business News
State AGs, Justice Department discuss Google anti-trust probe
The executive committee of the state attorneys general investigating Alphabet’s Google wrapped up a meeting on Tuesday afternoon with U.S. Justice Department officials to coordinate efforts, officials told Reuters.
Business News
Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts
Oil prices sank about 1% on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from OPEC and its allies.
Business News
Stocks surge, safe-havens fall as confidence grows in China’s virus efforts
The dollar strengthened and global equity markets surged on Tuesday, with Wall Street’s Nasdaq index hitting a record high, as investors took heart from China’s efforts to minimize the economic impact from the coronavirus epidemic.
Business News
Intercontinental Exchange offers to buy eBay: WSJ
Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made an offer to buy eBay Inc in a deal that could value the ecommerce company at more than $30 billion, the Wall Street Journal reported on Tuesday.
Trading Ideas
Oil Nears Point That Could Trigger a Wall Street Sell-Off
(Bloomberg) — As computer screens flash red for energy markets from Houston to Singapore, oil traders are urgently asking themselves one question: is a historic crash about to repeat itself?The meltdown caused by the Chinese coronavirus outbreak is increasingly reminiscent of a plunge that happened just over a year ago. In October 2018, a sell-off across commodity markets left Wall Street banks racing to cover insurance policies, such as options contracts, that they had written to oil producers, sparking a new wave of selling that ultimately caused prices to tumble by more than 40% over two months to $49.93 a …read more […]
Business News
ConocoPhillips’ outlook weighed down by coronavirus, disruptions in Malaysia, Libya
ConocoPhillips issued a muted annual outlook on Tuesday, expecting a hit from weaker oil demand growth due to the coronavirus outbreak and disruptions at its operations in Malaysia and Libya.
Trading Ideas
Bombardier, Textron Surge on Report of Private-Jet Deal Talks
(Bloomberg) — Bombardier Inc. jumped on a Wall Street Journal report that the Canadian maker of planes and trains is in talks to sell its private-jet unit to Textron Inc. Shares of Textron also surged as analysts said a deal would strengthen its hand in the luxury-aircraft business.The negotiations have been going on for several weeks, and the terms of the potential transaction are unclear, the Journal reported Tuesday, citing people familiar with the matter. There’s no guarantee that the discussions will result in any agreement, the newspaper said. Bombardier declined to comment. Textron didn’t immediately respond to a request …read more […]
Business News
Ups and downs: the battle to buy Thyssenkrupp’s elevator unit
Finland’s Kone and private equity firms are battling to buy ThyssenKrupp’s prized elevator division worth more than 15 billion euros ($16.6 billion), a deal which would be Europe’s biggest private equity deal in 13 years.
Trading Ideas
Koch Industries Buys the Rest of Software Maker Infor
(Bloomberg) — The private investment arm of Koch Industries Inc., run by billionaire Charles Koch, has acquired the remaining equity in cloud-software maker Infor Inc., the companies said.The deal values Infor at $11 billion, or nearly $13 billion including preferred shares, according to people familiar with the matter who asked not to be identified discussing private information. Koch Industries, the Wichita, Kansas-based conglomerate, already owned about 70% of Infor, the company said. Its subsidiary Koch Equity Development LLC purchased the remaining Infor equity it didn’t already own from Golden Gate Capital. Infor, which Wall Street has viewed as a …read more […]
Trading Ideas
Removing the Mystery From the VXX
On Monday, Bryan and I recommended a volatility straddle using the iPath Series B S&P 500 VIX Short-Term Futures ETN (NYSE: VXX).
A straddle is when you buy a put and a call option with the same strike price.
Volatility, as measured by the CBOE Volatility Index (VIX), takes into account the number of puts and calls being bought and sold on S&P 500 stocks. When the market is crashing, the VIX moves higher; when the market is soaring, the VIX moves lower.
In this case, War Room members bought a $15.50 straddle for around $2. The goal was to see enough of …read more […]
Business News
Wall Street surges as China financial measures soothe virus worries
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China’s central bank intervened.
Business News
U.S. government experts, industry spar over asbestos testing in talc
For the first time in nearly 50 years, the U.S. Food and Drug Administration examined asbestos testing for talc powders and cosmetics at a hearing on Tuesday, after traces of the known carcinogen were found in several such products, including Johnson & Johnson’s Baby Powder.
Business News
Siemens to buy Iberdrola’s stake in Siemens Gamesa for 1.1 billion euros
Siemens is buying Iberdrola’s stake in Siemens Gamesa renewable energy , the German engineering company said, as it prepares to merge the business with its own energy unit ahead of a floatation later this year.
Business News
Google mum on hardware as it divulges revenue for other two big bets
Google Chief Executive Sundar Pichai over the last three years has touted the business prospects of what he has called “three of our biggest bets: YouTube, cloud and hardware.”