Month: June 2020

Another day, another stride forward in the race to develop a COVID-19 vaccine.On June 4, Novavax (NVAX) revealed it will receive $60 million from the U.S. Department of Defense (DoD) to further the advancement of its experimental vaccine candidate, NVX-CoV2373, in the U.S., through JPEOCBRND-EB (Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense Enabling Biotechnologies).As per the terms of the agreement, NVAX will work with multiple biologics contract development manufacturing organizations (CDMO) based in the U.S. to increase the scale of antigen and Matrix-M adjuvant production, which are both components of the vaccine. The end goal is …read more […]

(Bloomberg) — Investors are piling into stocks of bankrupt companies, wagering against a court process that routinely wipes out shareholders.Car renter Hertz Global Holdings Inc., oil driller Whiting Petroleum Corp. and retailer J.C. Penney Co. are among companies that have seen their shares more than double in recent trading sessions despite being in Chapter 11 bankruptcy, a process that allows companies to keep operating while working out a plan to repay creditors.“I have always thought people have a psychological urge to buy stocks at a low price,” said Kirk Ruddy, a former bankruptcy claims trader. Retail investors may be buying …read more […]

It’s been nearly a year since Wall Street firm Canaccord first recommended Slack Technologies (WORK) stock as a “buy” with a $40 price target. With Slack trading at $34 at the time (mid-July 2019), and Canaccord saying it would rise 18%, that buy recommendation sort of made sense. But it seemed to make progressively less and less sense as Slack stock slid lower and lower, ultimately bottoming at close to a 50% loss on March 16, 2020. Along the way, Canaccord cut its price target on the stock to $25 a share — but maintained its “buy” rating, and kept …read more […]

Earnings season is nearly over, but Tiffany & Co. and Chewy earnings Tuesday will be closely watched by investors. …read more […]

Over the weekend, Elon Musk said that the SpaceX Starship rocket is his top priority.
Furthermore, he stuck to his ambitious plan to launch the first Starships to Mars by 2022.
When I heard this news, I immediately thought two things…
First and foremost, the second SpaceX goes public, we want to be buyers of the stock – and traders of its options as well. I’m really excited because we all stand to make a fortune. So I cannot wait to own – and trade – SpaceX alongside you here in Trade of the Day (and also more frequently inside The War Room).
Secondly, …read more […]

(Bloomberg) — In all the hullabaloo of OPEC+ prolonging the deepest production cuts in history, it’s easy to overlook ominous signals for oil prices — and the wider economy — that are emanating from the diesel market.The world’s largest crude oil producers agreed on Saturday that they would extend collective output curbs, effectively keeping 1/10th of supply off the market for another month. While the measures may be tightening the global crude market, potentially driving prices higher, they do almost nothing to address grim margins that refineries are earning when selling diesel, one of the most important petroleum products that …read more […]

(Bloomberg) — Huawei Technologies Co. owns the most patents on next-generation 5G technology, ensuring the Chinese company will get paid despite Trump administration efforts to erase it from the supply chain, according to a new study.The study by two research firms identified the inventions most closely connected to the 5G standards and found that six companies owned more than 80% — Huawei, Samsung Electronics Co., LG Electronics Inc., Nokia Oyj, Ericsson AB and Qualcomm Inc., the only U.S.-based company in the group.That may be awkward for President Donald Trump, whose administration has launched a global effort to shut out Huawei, …read more […]

June opened with a bang in the markets following positive news on the jobs front. According to the latest Department of Labor report, U.S. employers added 2.5 million people to their payrolls in May, pushing the unemployment rate down to 13%. For perspective, analysts were expecting the BLS to report job losses of 8.3 million and an unemployment rate of nearly 20%. As societies and states return to a more normal functioning, traders are going to find that some stocks are particularly well positioned to take advantage of post-pandemic conditions. Right now, Wall Street’s analyst corps is working to tag …read more […]

(Bloomberg) — Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people with knowledge of the matter.The dwindling options for a powerhouse that once rivaled Exxon Mobil Corp. for title of king of American natural gas comes after Chief Executive Officer Doug Lawler’s 7-year effort to untangle the financial and legal legacies of Chesapeake’s late founder, Aubrey McClendon.Lawler’s denouement, in turn, would signal the deep peril facing a shale industry largely built according to McClendon’s blueprint for Chesapeake: amassing incredible …read more […]

Stitch Fix’s mixed results sent shares down 4 percent. But the future lies in initiatives like direct buy and collaborations. …read more […]

The new financing package will help the department store weather through the pandemic. …read more […]

Let’s talk about a strategy that reduces your risk while optimizing your potential gains.
And it does all of this while shortening the amount of time capital is locked up in a single position.
If that sounds good to you, then you’re in luck. Because that’s what I’m going to cover today.
And to do so, we’re going to look at a very popular sector… video games.
Like every red-blooded human on this planet, I like video games.
I grew up playing them. I still play them every single day.
But my passion goes beyond just participating. Video game stocks are some of my favorite plays …read more […]

…read more […]