Month: July 2020

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Trading Ideas

Gold’s ‘Stunning’ Surge Evaporates Shorts With Fed Full-Throttle

July 27, 2020 admin Comments Off on Gold’s ‘Stunning’ Surge Evaporates Shorts With Fed Full-Throttle

(Bloomberg) — Traders are abandoning bearish bets on gold as the yellow metal surges to all-time highs.Short interest as a percentage of shares outstanding on the $75 billion SPDR Gold Shares exchange-traded fund, ticker GLD, is near the lowest level since July 2009, according to data from IHS Markit Ltd. Meanwhile, bullish call option volume in the ETF posted its second-biggest jump ever last week before bullion climbed to a record $1,946 per ounce Monday.What began as a haven bid amid the coronavirus pandemic has been kicked into overdrive by central bank stimulus as slumping real interest rates — which …read more […]

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Is Delta Air Lines (DAL) Positioned To Thrive When COVID-19 Disappears?

July 27, 2020 admin Comments Off on Is Delta Air Lines (DAL) Positioned To Thrive When COVID-19 Disappears?

Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Opportunity Equity Fund posted a return of 47.02% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned 20.54% in the same quarter. You should check out Miller Value Partners’ top […] …read more […]

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Under Armour Falls After Founder, CFO Are Named in SEC Probe

July 27, 2020 admin Comments Off on Under Armour Falls After Founder, CFO Are Named in SEC Probe

(Bloomberg) — Under Armour Inc. said a pair of top executives, including founder Kevin Plank, has been named in a federal probe of the company’s accounting, sending shares of the athleticwear maker down.Plank and Chief Financial Officer David Bergman received Wells Notices informing them that the U.S. Securities and Exchange Commission is likely to “allege certain violations of the federal securities laws,” Under Armour said Monday in a regulatory filing. Under Armour also received a notice informing it that the agency may file an enforcement action against the company.The disclosure expands upon comments from the company in November, when it …read more […]

Newsmakers

ImagineAR (OTC: IPNFF) Announces That Major North American Sports & Entertainment Company Is Moving Forward With Augmented Reality Solution; Contract Is Imminent

July 27, 2020 admin Comments Off on ImagineAR (OTC: IPNFF) Announces That Major North American Sports & Entertainment Company Is Moving Forward With Augmented Reality Solution; Contract Is Imminent

VANCOUVER and Erie PA. July 27, 2020 –ImagineAR Inc. (IP:CSE) (IPNFF:OTCQB) (“ImagineAR” or “Company”) an Augmented Reality Company that enables sports teams, businesses, retailers and organizations to instantly create their own AR mobile campaigns, wishes to advise […]