Trading Ideas
Month: May 2020
Trading Ideas
Why one analyst is bullish on Norwegian Cruise Line
Shares of Norwegian Cruise (NCLH) are down 80% year to date, but one analyst says the impact of COVID-19 is priced in, and see the stock “as materially undervalued” if cruises rebound going into 2021. …read more […]
Trading Ideas
Is Royal Caribbean Cruises (RCL) Stock a Buy? This Analyst Says Yes
Even the most risk tolerant investor might wonder if now is the time to invest in cruise line stocks. As you would expect, the industry has been floored by COVID-19, and stocks across the sector have consequentially nosedived. Case in point: shares of Royal Caribbean Cruises (RCL) have sunk 70% year-to-date.But Nomura analyst Harry Curtis thinks there’s plenty of upside when considering RCL as long-term investment. Curtis rates RCL stock a Buy along with a $62 price target. Should Curtis’ thesis play out, investors could be taking home a 79% gain. (To watch Curtis’s track record, click here)Curtis noted, ”We …read more […]
Business News
Investors prepare for more U.S. stock swings as states reopen
Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise.
Trading Ideas
Cisco boasts ‘amazing takeup’ of WebEx as locked-down users flock to video conferencing
Cisco said that its popular WebEx video service has exploded since social distancing orders were put in place. …read more […]
Business News
S&P 500, Dow edge lower on trade war fears, virus woes
The S&P 500 and the Dow Jones indexes fell on Friday, but were well off their session lows, amid signs of deteriorating Sino-U.S. trade relations and growing evidence of the economic slump due to the coronavirus pandemic.
Business News
U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.
Business News
Coronavirus boosts U.S. layoffs; job openings fall
Layoffs in the United States jumped to a record high in March, while the number of people voluntarily quitting their jobs dropped to a 4-1/2-year low as the novel coronavirus crisis rapidly changed labor market dynamics.
Trading Ideas
Apple Supplier Foxconn’s Profit Plunges 90%
Tech giant Apple acquired virtual-reality streaming company NextVR. Meanwhile Foxconn, Apple’s biggest supplier, was hit hard by the coronavirus crisis. Yahoo Finance’s Tech Editor Dan Howley shares the details. …read more […]
Business News
Ethiopian Airlines sees Boeing 737 MAX compensation deal by end-June
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam told Reuters on Friday.
Business News
Wirecard shares plunge as Dubai-based partner shuts shop
Shares in Wirecard fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations.
Trading Ideas
Vir Biotechnology, Inc. (NASDAQ:VIR) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Vir Biotechnology, Inc. (NASDAQ:VIR) came out with its quarterly results last week, and we wanted to see how the… …read more […]
Business News
U.S. stock market falls on plunging retail sales, China-U.S. tensions; oil up
U.S. stocks sank on Friday after data showed a surprisingly sharp dive in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in crude demand boosted oil prices.
Trading Ideas
Aurora Cannabis (ACB) Stock Is a Buy, But Wait for a Better Entry Point
With the stock collapsing following the reverse split, Aurora Cannabis (ACB) needed a strong quarter to change the trend. The Canadian cannabis company is in the middle of a transformational plan that doesn’t always work out as planned.The company delivered in spades. Not only did Aurora report crucial progress in cutting out of costs, but also the company smashed revenue estimates during the coronavirus outbreak. The stock has bounced strong off the lows and is likely headed higher now.According to TipRanks, the consensus on Wall Street is that Aurora Cannabis stock is a “hold” for investors. On one hand, TipRanks …read more […]
Business News
U.S. consumer sentiment edges up in May but worries about social isolation grow
U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from the coronavirus crisis, a survey released on Friday showed.