Trading Ideas
Analysts Just Slashed Their Marathon Petroleum Corporation (NYSE:MPC) EPS Numbers
One thing we could say about the analysts on Marathon Petroleum Corporation (NYSE:MPC) – they aren’t optimistic… …read more […]
Month: May 2020
Trading Ideas
Sarepta Investors Buckle Up for Pfizer’s DMD Gene Therapy Update
(Bloomberg) — A fresh look at how a handful of patients are faring on Pfizer Inc.’s gene therapy for Duchenne muscular dystrophy will be key for investors in competitor Sarepta Therapeutics Inc.Underwhelming effectiveness or new safety issues in this week’s data could remove an overhang for Sarepta shares, which are on their longest winning streak since November. The update will be important in evaluating the competitive landscape before either company starts pivotal trials, wrote RBC Capital Markets analyst Brian Abrahams.RBC expects Pfizer’s presentation at the virtual meeting of the American Society of Gene & Cell Therapy on Friday could trigger …read more […]
Business News
Brussels Airlines slashes jobs, fleet as COVID-19 bites
Brussels Airlines, part of Germany’s Lufthansa , said on Tuesday it would reduce its fleet by 30% and its workforce by a quarter to guarantee its survival during and after the COVID-19 pandemic.
Trading Ideas
Ryanair cools on Airbus, moves back towards all-Boeing fleet
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O’Leary told Reuters. Ryanair’s purchase in 2018 of Airbus operator Lauda was pitched as a way to diversify the fleet of the budget airline group, which had until then exclusively flown Boeing jets and currently has over 450 737s. O’Leary, whose expansion plans have been curtailed by the grounding of Boeing’s 737 MAX, said in March last year he was in early talks …read more […]
Business News
German watchdog conducts multiple investigations into Wirecard
Germany’s financial watchdog BaFin said on Tuesday that it was conducting multiple investigations into payments company Wirecard .
Business News
Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries
Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.
Trading Ideas
What Does CenturyLink, Inc.'s (NYSE:CTL) Share Price Indicate?
Today we’re going to take a look at the well-established CenturyLink, Inc. (NYSE:CTL). The company’s stock saw a… …read more […]
Business News
Futures edge higher on recovery hopes, China tariff exemptions
U.S. stock index futures ticked higher on Tuesday as China’s move to waive off tariffs on some U.S imports added to hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy.
Business News
U.S. Congress to quiz bank regulators on coronavirus rule-easing, assistance
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear before Congress this week for the first time since the novel coronavirus outbreak.
Business News
China’s Tesla wannabes risk running out of road in virus-stricken times
Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.
Trading Ideas
Business News
Ryanair cools on Airbus, moves back towards all-Boeing fleet
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O’Leary told Reuters.
Trading Ideas
The One Thing Americans Fear
Sometimes you come across a phrase that is profound enough to stop you in your tracks.
Such was the case last week when my fellow authentic food conspirator and friend Mark Lilly (of Farm to Family fame) came out to the farm to pick up some pastured meats for his food subscribers.
We hadn’t seen each other for a couple of months, so our conversation naturally went to the coronavirus.
In Mark’s military career, he was a disaster preparedness technician. To say that this pandemic is right up his alley would be an understatement.
Attracting Attention
A decade ago he started his Farm to Family …read more […]
Business News
Saudi Aramco profit falls 25% but dividend in line with planned payout for year
Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year.
Trading Ideas
3 reasons investors think stocks are rallying: Morning Brief
Top news and what to watch in the markets on Tuesday, May 12, 2020. …read more […]