Month: May 2020

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“Hi Ho Silver, Away!”
Those who used to watch The Lone Ranger will understand my intro. But even if you missed the connection, War Room members certainly didn’t.
A couple of weeks ago, members entered a spread trade on Coeur Mining (NYSE: CDE), a producer of silver and gold. Now, I don’t really like Coeur Mining as a long-term, fundamental play. It’s not as well-run as most other metals-producing companies. The management has diluted shareholders with capital raises and missed estimates consistently.
So why did we trade Coeur Mining in The War Room and make a bundle from it?
It’s about sentiment and finding …read more […]

(Bloomberg) — It’s been three weeks since President Donald Trump’s executive order to keep meat plants running in the pandemic and the government began preparing fresh guidance on how to keep their employees safe. Infections are still on the rise as workers say they’re being forced to put themselves in harm’s way in the name of food security.Based on 13 interviews with employees, labor representatives and a U.S. government inspector at meat plants in states including Arkansas, Virginia, Nebraska, North Carolina and Texas, employees are still standing elbow-to-elbow along production lines. There are some plastic barriers, but employees haven’t been …read more […]

Facebook’s (FB) universe is getting even bigger. On Tuesday, the social media colossus unveiled Facebook Shops, elbowing its way to the front of the e-commerce queue. The platform will act as a digital shopfront where businesses of all sizes will be able to sell their products. Customers will be able to make purchases directly through either Facebook or Instagram. “We think Facebook Shop in a simplistic bull case could drive up to as much as a $30 billion revenue opportunity, across a combination of take-rate driven transactional and advertising revenue,” said Deutsche Bank analyst Lloyd Walmsley. Facebook hopes the move …read more […]

The latest U.S. government action against China’s Huawei takes direct aim the company’s HiSilicon chip division–a business that in a few short years has become central to China’s ambitions in semiconductor technology but will now lose access to tools that are central to its success. Huawei Technologies Co Ltd for its part denounced the U.S. allegations and called the new measures “arbitrary and pernicious.” Established in 2004, HiSilicon develops chips mostly for Huawei, and for most of its existence has been an afterthought in a global chip business dominated by U.S., Korean and Japanese companies. …read more […]