Business News
Wall Street sets record closing highs as coronavirus fears subside
Wall Street closed at record highs on Wednesday as news that the coronavirus outbreak could be running out of steam kept buyers in the ring.
Month: February 2020
Trading Ideas
Time to Own the “Tesla of Space”
Do you want an exciting new play?
If so, let’s take a look at a company that Investor’s Business Daily (IBD) calls the “Tesla of space.”
And just to add in some wordplay, IBD says it’s “skyrocketing.” (Pretty clever, huh?)
IBD is talking about Virgin Galactic (NYSE: SPCE), the company that aims to commercialize space travel by developing spacecraft for both private individuals and researchers.
Virgin Galactic operates as a holding company – engaging in “the business of owning and operating privately built spaceships.”
In other words, the company designs manned, passenger-carrying spaceships that can fly you to space, safely – without the need for …read more […]
Business News
Indexes hit record highs as virus fears ease
All three major U.S. stock indexes notched record closing highs on Wednesday as news the coronavirus could be running out of steam lifted investor optimism.
Trading Ideas
Hedge Funds Getting Addicted To Altria Despite Bears’ Warnings
After experiencing a tough 2018, Altria bought a 35% stake in Juul at a $38 billion valuation at the end of 2018. At the time it seemed like e-cigarettes’ explosive growth will continue uninterrupted and around 10% of the young adults said in surveys that they “regularly or occasionally” vape. These young adults were using […] …read more […]
Business News
Stocks gain as China says fewer new coronavirus cases
Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will be contained and driving up the price of commodities sensitive to Chinese demand.
Trading Ideas
What you need to know about Disneyland’s new ticket prices
Disneyland raised its ticket prices, with some one-day passes now costing more than $200. Yahoo Finance’s On the Move panel breaks it down.
…read more […]
Business News
Juul bought ad space on kids’ websites, including Cartoon Network: lawsuit
E-cigarette maker Juul Labs Inc bought online advertisements on teen-focused websites for Nickelodeon, Cartoon Network and Seventeen magazine after it launched its product in 2015, according to a lawsuit filed on Wednesday by the Massachusetts attorney general’s office.
Business News
Oil rises over 3% as demand worries ease amid fewer new coronavirus cases
Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover.
Trading Ideas
How Lyft dropped the ball and instantly lost millions in market value
Lyft had a very simple task come its latest earnings day: give investors more hope. …read more […]
Business News
Mobile World Congress called off over coronavirus fears
The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was cancelled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.
Trading Ideas
Investors bet on Sanders after New Hampshire win as Biden plummets: Smarkets
Political betting markets are starting to “Feel the Bern.” …read more […]
Business News
Nestle bets on shark tank, startups and students to boost innovation
Food giant Nestle has set up new structures to turn innovative ideas from outside and inside the company into new products, its technology head told journalists on Wednesday ahead of the publication of the group’s full-year results.
Business News
Insurance comparison firm SelectQuote taps banks for IPO: sources
SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance policy comparison website at more than $2 billion, including debt, according to people familiar with the matter.
Trading Ideas
ETF Definition: What is an Exchange-Traded Fund?
Exchange-traded funds (ETFs) have become extremely popular in recent years. With more than 5,000 ETFs trading globally, you can assemble a portfolio of ETFs that invests in almost anything, anywhere. Continue reading to see a full ETF definition. But first, here is a brief summary of the benefits that ETFs provide:
On average, ETFs have lower maintenance fees than mutual funds.
You can buy ETFs at any time throughout the trading day, just like common stocks.
They are typically less risky than individual stocks.
investment areas including bonds, currencies, equities, commodities and real estate.
ETFs have a lower capital gains tax and thus are …read more […]
Trading Ideas
Coronavirus death toll rises as CDC prepares for impact in U.S.
The death toll from the coronavirus is rising as it continues to spread. The CDC says they are preparing for the virus to “take a foothold in the U.S.”. Yahoo Finance’s On the Move panel discusses the implications. …read more […]