Trading Ideas
Month: June 2020
Trading Ideas
Nikola Founder Has $7.4 Billion Fortune on Free Truck Orders
(Bloomberg) — His company has sent his net worth soaring to $7.4 billion, but Trevor Milton is frustrated.The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry. The doubters who have him particularly down are criticizing him for taking orders for hydrogen fuel cell-powered semis and saying they’re worth $10 billion.The number has come under scrutiny for a few reasons. For starters, reservations for Nikola’s truck cost nothing. Milton says the company took money initially but paid it all back after Tesla Inc. got …read more […]
Business News
Take Five: Pump it up
“Rise and rise again until lambs become lions,” runs an oft-quoted line from the 2010 film ‘Robin Hood’. The motto is being taken seriously by all those merry men and maidens chasing shares in little-known or even bankrupt firms, using a mobile trading app called Robinhood.
Trading Ideas
Bankrupt car rental firm Hertz to offer up to $1 billion in shares
Since filing for bankruptcy on May 22, Hertz’s shares have risen more than threefold in value. Hertz is now seeking approval from a bankruptcy court to potentially sell 246.78 million unissued shares to Jefferies LLC. “The recent market prices of and the trading volumes in Hertz’s common stock could potentially present a unique opportunity for the debtors to raise capital on terms that are far superior to any debtor-in-possession financing,” the company said in a regulatory filing on Thursday. …read more […]
Business News
Lufthansa to offer coronavirus testing at German airports
German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday.
Business News
World shares stem losses, oil gains as fresh lockdown fears fade
Global shares pared losses on Friday while oil prices reversed course and edged higher as fears of fresh lockdowns of economies to combat the coronavirus faded.
Business News
Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
Trading Ideas
Trading Ideas
Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude. …read more […]
Trading Ideas
Cheap Tech Stocks to Watch in June 2020
Cheap tech stocks can be a double-edged sword. On the plus side, you don’t have to spend a lot of capital to get into them. And they can reap huge rewards for you.
On the negative side, cheap tech stocks can be highly volatile and risky. You can make a lot of money, but you can also lose a lot of money, and quickly.
The key is betting on the right stocks with a high likelihood of earning a good return over time. This means looking for quality companies that have good future prospects but are currently undervalued by the market. Such …read more […]
Business News
Futures climb after Wall Street’s worst day in three months
U.S. stock index futures surged about 2% on Friday, pointing to a quick rebound for Wall Street from its biggest one-day dive in about three months on fears of a resurgence in coronnavirus infections.
Trading Ideas
Business News
What rebound? North Dakota in economic crunch as virus batters oil, agriculture
When the novel coronavirus first appeared in the United States, North Dakota was in the envious position of having more money in its state coffers than it had budgeted.
Business News
Oil set to end week lower on coronavirus resurgence fears
Oil prices edged higher on Friday but were on track for their first weekly fall in seven as new U.S. coronavirus cases spiked, raising the prospect of a second wave hitting demand.
Trading Ideas
4 reasons the market sold off on Thursday: Morning Brief
Top news and what to watch in the markets on Friday, June 12, 2020. …read more […]