Month: January 2020

U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Monday, joining the race for flying cars to ease urban congestion. Hyundai unveiled a concept electric aircraft developed with Uber at the Consumer Electronics Show in Las Vegas on Monday, which is designed to fly on trips of up to 60 miles (100 km) and has a cruising speed of up to 180 miles per hour (290 km per hour). Hyundai is the first carmaker to team up with Uber on the project. …read more […]

(Bloomberg) — Advanced Micro Devices Inc., trying to justify a meteoric stock performance last year, said its new laptop processors will eclipse the performance of offerings from rival Intel Corp.New Ryzen 4000 U series chips are aimed at the thinnest and lightest notebooks, a lucrative market where Intel has traditionally dominated. The highest-end version will have eight cores, each one capable of handling two processing loads at the same time, a first for the market, AMD said Monday.Chief Executive Officer Lisa Su is pitching new products at the CES technology show in Las Vegas. AMD’s stock was the best performer …read more […]

Conflict with Iran continues to escalate. Scott Modell
Rapidan Energy Group Managing Director and Head of Geopolitical Risk Service outlines the risks ahead to oil markets on Yahoo Finance’s On The Move’s Julie Hyman, Adam Shapiro, Brian Sozzi and Mindy Grossman WW International CEO. …read more […]

American Airlines has reached a deal with Boeing over lost revenue from the 737 Max grounding in 2019. American said it would add $30 million to an employee profit sharing program – which would be distributed later this year. …read more […]

(Bloomberg) — Robust demand for mid-band spectrum across the globe could prove a key indicator that some investors may be undervaluing the C-Band opportunity in the U.S.According to New Street Research, a domestic C-Band spectrum sale could find satellite operators conservatively netting proceeds of about $50 billion. That positive view stems from Taiwan’s recent auction of the 3.5GHz band, where New Street said the bids were “blowing away expectations.”At hand is the international race among governmental bodies to become the leader of 5G, and in the U.S. investors backing the C-Band Alliance want top dollar for giving up its frequencies …read more […]

When will taxes be processed in 2020? The IRS says the first day it will accept tax returns is Jan. 27. The final deadline is April 15. …read more […]

An eventual de-escalation of tensions between the U.S. and Iran could unleash an untapped source of global crude oil supply and send prices spiraling lower, according to at least one analyst. …read more […]

Let’s kick off my first Trade of the Day issue of 2020 by addressing the major catalyst affecting the markets right now…
The newest flare-up in U.S.-Iran tensions.
Quite honestly, as I’ve said countless times, trading geopolitical reactions is one of the hardest aspects of trading, and right now we’ve got another flare-up to contend with.
For instance…
Will the war tensions – and the possible retaliations – continue to push the markets lower?
Or…
Will dip buyers use the weakness as an opportunity to buy into their favorite momentum names – and continue the bullish party?
Honestly, the answers to those questions all depend on the …read more […]