Trading Ideas
Month: May 2020
Business News
General Electric CEO warns of negative cash flow in 2020
General Electric Co on Thursday warned 2020 free cash flow would be negative as it struggles with weakness in its aviation and power units due to the coronavirus outbreak.
Business News
Champagne sales sink in a world with little to celebrate
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
Newsmakers
fuboTV (OTC: FUBO) Co-founder & CEO David Gandler to be Interviewed by BMO Analyst Dan Salmon on June 5, 2020
Facebank Group, Inc. (d/b/a fuboTV) (OTCQB: FUBO) announced today that Co-founder & CEO David Gandler will be featured in a discussion led by BMO Capital Markets equity research analyst Dan Salmon on June 5, 2020. […]
Business News
China’s Geely Automobile launches share placement of up to $859 million
China’s Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters.
Business News
Nissan plans big cuts to go small after first loss in 11 years
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.
Business News
U.S. weekly jobless claims still elevated; core capital goods orders fall
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave layoffs in the private sector.
Business News
Citigroup looks to reopen NY headquarters to some staff in July: Bloomberg News
Citigroup Inc looks to reopen its New York headquarters to a small number of employees as soon as July, with workers returning to London offices even earlier, Chief Executive Officer Michael Corbat told Bloomberg News in an interview.
Trading Ideas
Visa (V) Stock is a ‘Sell’ as Markets Bounce Back
Distillate Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Distillate Capital’s U.S. Fundamental Stability & Value (U.S. FSV) strategy posted a return of -19.39% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should […] …read more […]
Business News
If Trump kicks out Twitter, there’s always Germany
If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.
Trading Ideas
HP crushes earnings estimates on work-from-home PC demand
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss HP’s latest earnings report. …read more […]
Trading Ideas
Microsoft Stock is a ‘Sell’ as Markets Bounce Back
Distillate Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Distillate Capital’s U.S. Fundamental Stability & Value (U.S. FSV) strategy posted a return of -19.39% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should […] …read more […]
Business News
Nissan workers protest against closure of Barcelona plant
Hundreds of workers burning tyres and shouting “war” blockaded Nissan Motor Co’s Barcelona plant on Thursday after the Japanese carmaker announced it would shut it from December as part of a global restructuring plan to slash costs.
Trading Ideas
3 “Strong Buy” Penny Stocks That Offer Massive Potential Gains
The stock market is heating up, and some Wall Street bulls are turning even more positive. Among those adapting an increasingly bullish approach is Stifel’s Head of Institutional Equity Strategy, Barry Bannister, who believes the worst is behind us, freeing up the S&P 500 to continue its ascent. Previously calling for an aggressive rebound right before the market’s March lows, he now projects that by the end of August, the S&P 500 will hit 3,250, reflecting an 8% rise from current levels.“We now raise our S&P 500 price target to 3,250 by Aug-30, 2020 (in 3 months), supported by economic …read more […]
Trading Ideas
AstraZeneca partners with Oxford Biomedica to expand COVID-19 vaccine manufacturing capacity
The experimental shot is also being produced by the Serum Institute of India, the world’s largest manufacturer of vaccines by volume, and AstraZeneca is in talks with several governments and global partners to increase production. Oxford Biomedica said on Thursday it signed a one-year clinical and commercial supply agreement with AstraZeneca to provide multiple batches of the vaccine, called AZD1222, and that the majority of the batches would be produced throughout 2020. Last month, Oxford Biomedica said it joined a consortium, including the Jenner Institute, that came together for possible large-scale manufacturing of AZD1222. …read more […]