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Trading Ideas

Do Hedge Funds Love East West Bancorp, Inc. (EWBC)?

Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […] …read more […]

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Trading Ideas

How We Moved Ahead of the Brokers on Pinterest

Sometimes, you’re lucky enough to track the same exact move as a major brokerage house.
When this happens, and you’re quick enough to act, it could lead to immediate profits.
That’s exactly what happened this morning…
Last week, I started to introduce War Room members to the idea of getting positioned in Pinterest (NYSE: PINS) going into Christmas.
Specifically, on Friday at 10:17 a.m., I said…
Pinterest might be a nice play to own going into Christmas. Like that bounce off $24 support. This may be a play I add to my November call ledger. Tracking…
As a quick company description, Pinterest calls itself “a visual …read more […]

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Trading Ideas

UPDATE 1-FDA approves Vertex Pharma's combo treatment for cystic fibrosis

The U.S. Food and Drug Administration said on Monday it had approved Vertex Pharmaceuticals Inc’s three-drug combination for cystic fibrosis (CF), a rare genetic condition. The approval comes months ahead of the FDA’s previously announced action date in March, sending the drugmaker’s shares up 4.1% at $183.53 in late afternoon trading, before being halted for news pending. The treatment, Trikafta, is a combination of three drugs that target a defective protein responsible for the life-threatening disease that causes the build up of thick mucus in body parts such as the lungs and digestive tract. …read more […]

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Trading Ideas

San Jose to propose turning PG&E into giant customer-owned utility – WSJ

San Jose, California’s third-biggest city, is proposing to convert PG&E Corp into the country’s largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city’s mayor. Mayor Sam Liccardo said in an interview to the WSJ the city served by PG&E hopes to persuade other cities and counties in coming weeks to line up behind the plan. The plan is to strip PG&E of its status as an investor-owned company and turn it into a nonprofit, electric-and-gas cooperative, the report https://on.wsj.com/2JaJWJg added. …read more […]

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Business News

Trump praises U.S.-China trade talks as Beijing seeks billions in WTO case against U.S.

U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world’s two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.

…read more […]