Month: August 2020

Posted by OFX AUD – Australian Dollar The Australian dollar drifted sideways throughout domestic trade on Thursday before bouncing through resistance and testing a break above 0.73 overnight. Direction across currency markets was largely muted in the lead up to Fed Chair Jerome Powell’s speech at the Jackson Hole Monetary Policy Symposium, … Continue reading “AUD spikes as fed adjusts its inflation management”The post AUD spikes as fed adjusts its inflation management appeared first on . …read more […]

Bryan and I often receive questions about our track record in The War Room. And we’re happy to share it with our members.
We’re damn proud of it.
Since The War Room’s inception in May of 2019, we have had an 80% win-loss rate, including the crash in March of this year. In fact, during the crash, our win-loss record was even better as Bryan went on a put buying tear.
Buried within our track record is an even better 100% winning streak, our put selling track record. So far, we have not been put even once, despite all the ups and downs.
The …read more […]

A deal can completely change the narrative for a company. This just might be the case for NIO (NIO), so says Morgan Stanley analyst Tim Hsiao.Back in April, the Chinese electric vehicle company inked a deal with the city of Hefei in which it secured a $1 billion investment from several state-owned companies in the city. As per the terms of the agreement, NIO set up its headquarters in Hefei. It should be noted that the company’s factory, which it operates along with Anhui Jianghuai Automobile Group, is already in Hefei.Weighing in on the implications, Hsiao stated, “Hefei government’s recent …read more […]

(Bloomberg) — Microsoft Corp. teamed up with Walmart Inc. in a contest with Oracle Corp. to buy the U.S. assets of the popular video-sharing app TikTok from China’s ByteDance Ltd.Oracle and Microsoft, with its new partner, both submitted bids in a deal that could come within the week, according to people familiar with the deliberations. Walmart would also own a stake in a newly spun off TikTok business, alongside Microsoft, the people said.Competing offers have been made in what augurs the closing process of a deal, although it will take longer for final details to be worked out, one person …read more […]

Editor’s Note: Today, Contributing Analyst Jody Chudley is sure to ruffle some feathers…
He’ll explain why one of the hottest stocks on the market today is nothing more than a gamble.
And not even a profitable one at that…
But if you want to turn the tables on this loaded market, you won’t want to miss this.
Our friend Andy Snyder at Manward Press has developed something unique…
A Quantitative Value Analysis System that helps investors find winning stocks using the same kind of technology an MIT mathematician developed to count cards in blackjack.
Tune in for his special Super Trader Rally on September 2 at …read more […]

My, how times have changed. Since soaring on promising Phase 1 data for its COVID-19 vaccine, NVX-CoV2373, that reaffirmed the best-in-class immunogenicity and reactogenicity profile, the waters have been choppy for Novavax (NVAX), with shares currently sitting well below its 52-week high. That said, 5-star analyst Mayank Mamtani, of B.Riley FBR, believes the recent weakness presents investors with a unique buying opportunity.“We argue against the prevailing bearish sentiment on NVAX potentially falling behind in the second wave of COVID-19 vaccine candidates given the Phase 3 initiation timeline in early October, which might follow a surprise pre-Phase 3 Emergency …read more […]

(Bloomberg) — Okta Inc. shares slipped after Chief Executive Officer Todd McKinnon said the company is being cautious in the midst of an economic downturn and lingering global pandemic.“We’re still being prudent about the rest of the year and the macroeconomic consequences ahead of us,” he said in an interview. “Headwinds to the business will be a little stronger in the second half.”The CEO noted that 11% of Okta’s customers have been negatively affected by Covid-19. Large enterprises have shown more demand than small and mid-sized companies, he added.Otka shares dropped about 5% in extended after closing at $218.44 in …read more […]

Major airlines are ringing the alarm bell on potential layoffs, hoping to jolt the White House and Congress into finding a way to rescue them. …read more […]

Dr. Soren Christiansen, former Head of Vaccines at Merck and CEO of Sharps Technology, joined The Final Round to discuss the latest developments regarding a COVID-19 vaccine and his thoughts on the FDA approving Abbott’s rapid coronavirus test. …read more […]

In the midst of a pandemic that has seen entire industries (airlines, rental cars, hotels) gutted, and others (restaurants, physical retail) on the brink of bankruptcy, investors are hungry for one kind of data above all others: Vaccine effectiveness and safety. So when Moderna (MRNA) released a bit of supplemental data on Phase 1 clinical trials of its mRNA-1273 vaccine against coronavirus Wednesday, the investment bankers from JPMorgan were right there, pens in hand, and ready to take notes.Moderna made its latest reveal at a public meeting of the Advisory Committee on Immunization Practices (ACIP) providing additional detail on the …read more […]

Ulta Beauty released its second quarter earnings results after hours on Thursday, beating on earnings per share but seeing a slight miss on revenue. The company told investors it expects sales to be challenged for the rest of the year due to coronavirus as its comparable sales were short but better than expected. Yahoo Finance’s Jared Blikre breaks down the company’s earnings report on The Final Round. …read more […]

Orders for Dell from the education sector jumped 24% in the second quarter ended July 31, and government orders rose 16%. Revenue from the company’s biggest segment that includes desktop PCs, notebooks and tablets fell 4.6% to $11.20 billion, and data center sales dropped 4.8% to $8.21 billion as companies directed their spending towards remote work, Dell said. …read more […]

The Trump administration is reportedly set to announce a $750 million deal with Abbott Laboratories (ABT) for a new rapid COVID-19 antigen test. …read more […]

Penny stocks, they divide market watchers like no other. Some investors steer clear of these tickers going for less than $5 apiece, as poor fundamentals or overwhelming headwinds could be keeping them down in the dumps.On the other hand, penny stocks lure the more risk-tolerant. Not only does the bargain price tag mean you get more bang for your buck, but also even minor share price appreciation can yield huge percentage gains. The implication? Major returns for investors.Based on the above, weeding out the long-term underperformers from the penny stocks going for gold can pose a significant challenge. In this …read more […]

United Airlines is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further U.S. government aid. Airlines, reeling from the devastating impact of the novel coronavirus pandemic on air travel, have asked the U.S. government for another $25 billion (18.93 billion pounds) to cover employee payroll through March. The first tranche, which banned any job cuts until Oct. 1, expires at the end of September, but talks in Washington have stalled as Congress has struggled to reach …read more […]