Trading Ideas
Before You Buy Blackstone Mortgage Trust, Inc. (NYSE:BXMT), Consider Its Volatility
If you own shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) then it’s worth thinking about how it contributes to… …read more […]
Month: April 2020
Business News
Last but not least: Exxon chops spending by 30%
Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year by 30% as the coronavirus pandemic saps energy demand and oil prices.
Trading Ideas
Exxon Disrupts Shale Ambitions to Shrink Spending by 30%
(Bloomberg) — Exxon Mobil Corp. is targeting its premier shale assets for deep cuts as it slashes worldwide spending to a four-year low and delays major projects to adapt amid the worst oil-price rout in decades.Exxon will reduce this year’s spending by 30% to $23 billion, the Irving, Texas-based company said in a statement on Tuesday. It will be the second-largest budget cut in the company’s modern history, overshadowed only by 2016, when crude markets last collapsed.The largest share of the reductions will occur in the Permian Basin of West Texas and New Mexico, where Exxon will cut back on …read more […]
Business News
Honda furloughs U.S. workers until May 1 as coronavirus suspends operations
Honda Motor Co on Tuesday said that it had furloughed workers at its U.S. plants which will be closed until May 1 as demand for cars in the country has plummeted due to the spread of the coronavirus.
Business News
Graphic: Oil majors cut 2020 spending by 22% after prices slump
The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia.
Newsmakers
CytoDyn (OTC: CYDY) Collaborating with U.K.’s Department of Health to ProvideEmergency Access to Leronlimab for Severe and Critically Ill COVID-19 Patients
CEO Nader Pourhassan will appear on FOX Business Network on April 7 at 11:00 am PT to provide an update on the Company’s two COVID-19 clinical trials and 15 patients on EIND VANCOUVER, Washington, Apr […]
Trading Ideas
Gilead Generates Street Skepticism Ahead of Covid-19 Results
(Bloomberg) — Results from a study of Gilead Sciences Inc.’s experimental Covid-19 medicine are top-of-mind for Wall Street as cases surpass 1.35 million and deaths approach 76,000.With a potential vaccine more than a year away, Gilead’s antiviral remdesivir offers one of the nearest-term hopes for a treatment in the pandemic that’s sweeping across the globe and putting many countries, including most of the U.S., on lockdown. Results from late-stage studies out of China are expected this month with results from U.S. trials following in May.After the company’s valuation surged more than $20 billion from late January to early March, some …read more […]
Trading Ideas
Investor who predicted the start of the 2009 bull market: Beware of a double bottom
Mark Mobius called the beginning of the 2009 bull market. Now, he’s warning investors of a potential double bottom. …read more […]
Business News
VW plans to partially reopen plant in Spain’s Navarra on April 20
German carmaker Volkswagen hopes to partially reopen its plant in Spain’s Navarra region on April 20 after its closure in mid-March due to the coronavirus outbreak, a spokesman for the plant said on Tuesday.
Trading Ideas
With A -16% Earnings Drop, Is Facebook, Inc.'s (NASDAQ:FB) A Concern?
After reading Facebook, Inc.’s (NasdaqGS:FB) most recent earnings announcement (31 December 2019), I found it useful… …read more […]
Trading Ideas
Is There An Opportunity With Dow Inc.'s (NYSE:DOW) 41% Undervaluation?
In this article we are going to estimate the intrinsic value of Dow Inc. (NYSE:DOW) by taking the expected future cash… …read more […]
Business News
Oil rises as hopes build for global production cut
Oil prices clawed their way into positive territory on Tuesday as hopes that the world’s biggest producers will agree to cut output outweighed analyst fears that a global recession in the wake of the coronavirus crisis could be deeper than expected.
Trading Ideas
There is no consensus anymore: Morning Brief
Top news and what to watch in the markets on Tuesday, April 7, 2020. …read more […]
Trading Ideas
Carnival Shares Get Some Relief After Saudi Fund Buys Stake
Carnival Corp.’s (CCL) shares climbed 21% after Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), on Monday disclosed an 8.2% stake in coronavirus-hit Carnival Corp.PIF made the offering for Carnival’s 43.5 million shares worth about $369.3 million on March 26, according to the SEC filing. The investment makes PIF the second-largest investor in the world’s biggest cruise line.Since the start of the year, Carnival has seen its shares lose more than three-quarters of their value as the coronavirus pandemic has forced cruise ship companies to halt operations and suspend cruises.Wall Street analysts take a cautious stance on Carnival …read more […]
Business News
Futures surge on early signs of coronavirus slowdown in hot spots
U.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs the coronavirus outbreak was starting to plateau in hard-hit U.S. states. All three major indexes rallied more than 7% on Monday after the governors of New York and New Jersey said their states, hot spots of the COVID-19 disease, were showing early signs of a “flattening” of the outbreak.