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Trading Ideas

Oil gains on hopes that easing of coronavirus curbs will trigger demand boost

Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation caused by the pandemic. Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen nearly 1% on Thursday. “Even with the early signs that demand is beginning to stabilise, inventory builds are likely to continue for some time, and storage capacity (usage) continues to creep up,” said Stephen Innes, chief market strategist at AxiCorp. …read more […]

Newsmakers

fuboTV (OTC: FUBO) Co-founder & CEO David Gandler To Be Interviewed By Canaccord Genuity Analyst Maria Ripps on Video Webcast for Investors on May 11, 2020

Facebank Group, Inc. d/b/a fuboTV (OTCQB: FUBO) announced today that Co-founder & CEO David Gandler will be featured on a video webcast hosted by Canaccord Genuity analyst Maria Ripps on May 11, 2020. The presentation […]

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Trading Ideas

Beyond Meat: Is the Rally Over?

Beyond Meat (BYND) served up a tasty alternative dish in its earnings report on Tuesday. Somewhat surprising the market, the plant-based meat pioneer posted beats both on top and bottom line. Investors reacted in glee and sent the stock up 25% after scouring the print.Here’s a quick recap: BYND reported revenue of $97.07 million, beating the estimates by $9.97 million while exhibiting year-over-year growth 141.4%. The company, surprisingly, even reported a profit; net income came in at $1.8 million, compared to the $6.6 million net loss in the same period last year – amounting to EPS of $0.03 and beating …read more […]

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Trading Ideas

Meatpacking Giants Face U.S. Antitrust Inquiry Amid Shutdowns

(Bloomberg) — The U.S. Justice Department is investigating meatpacking companies for possible antitrust violations, according to a person familiar with the matter, as the industry comes under scrutiny over plant shutdowns that have disrupted the supply of meat.The antitrust probe is in the early stages and began before the coronavirus outbreak spread across the U.S., said the person, who declined to be named because the investigation is confidential.Meatpacking is highly consolidated with four companies — Tyson Foods Inc., JBS SA, Cargill Inc. and National Beef Inc. — controlling about 80% of the U.S. beef processing market. Their dominance has sparked …read more […]

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Business News

Government aid for Brazil's airlines shrinks, while Panama's Copa shrugs off bailout

Stress has been mounting for Latin American airlines as carriers brace for a slow recovery from the coronavirus pandemic, but Brazil’s government on Thursday reduced the loan aid available for carriers, while Panama’s Copa Airlines said it did not need a bailout.

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Trading Ideas

Your Best Ally on Wall Street Is Looking to Bank Stocks

As the financial crisis unfolded in 2008 and Wall Street collapsed, Steve Eisman loved every minute of it. Eisman was one of the main characters portrayed in the Michael Lewis book The Big Short.
The book (and the Oscar-nominated movie) focused on the handful of brilliant investors who scored windfall profits by betting against Wall Street before the housing bubble burst.
Eisman is and always has been a maverick. For decades, he considered himself an outsider because he found how most of Wall Street operated to be distasteful. He is a man obsessed with honesty and integrity in a world where people …read more […]