Month: November 2020

(Bloomberg) — Oil extended gains toward $42 a barrel in New York after an industry reported pointed to a bigger-than-expected decline in U.S. crude stockpiles, adding to bullish momentum after a vaccine breakthrough.The American Petroleum Institute reported crude inventories dropped by 5.15 million barrels last week, with gasoline and diesel stockpiles also decreasing, according to people familiar with the data. Official government figures are due Thursday. While early findings on a vaccine showed it protected most people from Covid-19, it’s likely to take some time to roll out if it proves effective.Oil has rallied more than 11% over the past …read more […]

With Joe Biden the President-elect, the commonly held view is that alternative energy stocks are in line for a boost. That said, some in the sector hardly need a helping hand, in particular Plug Power (PLUG). The hydrogen fuel cell maker has made the most from investors’ thirst for new energy stocks in 2020, in the process racking up a massive 533% of share gains throughout the year.Further adding to the bullish case, the company just released another excellent quarterly financial report.In Q3, revenue hit $106.99 million amounting to a 79.9% year-over-year increase and beating the estimates by $1.23 million. …read more […]

As markets rally on Pfizer’s announcement, rates rise — but deals are still out there. …read more […]

Often, the greatest stock market wins come from bold contrarian calls…
And one of my favorite professional investors – Murray Stahl of Horizon Kinetics Asset Management – just made a really big contrarian call.
Stahl is pounding the table on the oil and gas sector.
He just called it “one of the few ‘once-in-a-lifetime’ investment opportunities that one can be fortunate enough to actually come across in a lifetime.”
Being bullish on oil and gas is not a mainstream view…
Far from it. Investors have been dumping shares of oil and gas companies for years.
Since the price of oil last peaked in June 2014, the …read more […]

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Recent results about effectiveness of shot encouraging, but many questions remain …read more […]

(Bloomberg) — Verizon Communications Inc. sold $12 billion of bonds in the fifth largest transaction of the year as blue-chip companies rushed to squeeze in debt sales following optimistic news Monday regarding a potential Covid-19 vaccine.The telecommunications giant sold the debt in five parts, with proceeds earmarked for spectrum costs and repayment of outstanding obligations, according to a person with knowledge of the matter. The longest portion of the offering, a $2 billion 40-year security, yields 1.3 percentage points above Treasuries, after initial discussions of around 1.5 percentage points, said the person, who asked not to be identified as the …read more […]

Lyft (LYFT) co-founder and President John Zimmer says his ride-sharing business is fighting like hell to overcome the effects of the COVID-19 pandemic on human mobility. …read more […]

Alibaba’s Singles’ is the biggest online shopping event in the world. Here’s how it stacks up against Black Friday, Cyber Monday, and Amazon Prime Day. …read more […]

President Trump’s former chief of staff said “allegations are not enough” when it comes to election fraud, and that time is running out for the campaign’s lawyers to show evidence. …read more […]

Yahoo Finance’s Alexis Christoforous and Tom Forte, D.A. Davidson Sr. Research analyst, discuss Apple’s latest product launches. …read more […]

Yahoo Finance’s Alexis Christoforous and Dan Howley discuss the latest news out of today’s Apple event. …read more […]

Some Vaxart, Inc. (NASDAQ:VXRT) shareholders are probably rather concerned to see the share price fall 67% over the… …read more […]

Apple has debuted its first-ever M1 chip for its MacBook and Mac line of desktops, promising a huge increase in power and performance. …read more […]

Ask the world’s best traders which book inspired them most…
And one stands head and shoulders above the rest.
That book is Jack Schwager’s Market Wizards: Interviews with Top Traders (1989).
Schwager’s book inspired a generation to try their hand at trading for a living.
(In second place, you’d have Reminiscences of a Stock Operator, which I have also written about).
I spent this past weekend reading Schwager’s sixth book, Unknown Market Wizards: The Best Traders You’ve Never Heard Of.
These traders are not Forbes 400 billionaires like original Market Wizards Paul Tudor Jones, Bruce Kovner and Stan Druckenmiller.
Instead, Schwager focused on top traders who work …read more […]