Year: 2020

(Bloomberg) — U.S. equity-index futures advanced, helped by a late rally in Alphabet Inc. and Asian stocks heading for bull-market territory, ahead of a policy decision by the Federal Reserve.Contracts on the S&P 500 Index climbed 1% as of 11:32 a.m. in Tokyo, while futures advanced 1.2% on the Nasdaq 100 Index and 0.8% on the Dow Jones Industrial Average. Alphabet shares surged in after-hours trading after the company reported first-quarter revenue that beat analyst expectations.The MSCI Asia Pacific Index rose 0.7%, pushing its rebound from a March 23 low to more than 20% and set to enter a bull …read more […]

(Bloomberg) — Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds.The offering could raise at least $2 billion, the people said, asking not to be identified because the information is private. The Beijing-based company, which currently trades on Nasdaq, has a market value of $64 billion.The deal comes after Alibaba Group Holding Ltd. raised $13 billion in a Hong Kong share sale last year. That much larger deal was hailed as a homecoming for Chinese …read more […]

(Bloomberg) — Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds.The offering could raise at least $2 billion, the people said, asking not to be identified because the information is private. The Beijing-based company, which currently trades on Nasdaq, has a market value of $64 billion.The deal comes after Alibaba Group Holding Ltd. raised $13 billion in a Hong Kong share sale last year. That much larger deal was hailed as a homecoming for Chinese …read more […]

(Bloomberg) — Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee Ltd.’s billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group AG.“I’ve had I don’t know how many dinners with him in Beijing and he’s absolutely the poster child for what we want to do,” Tidjane Thiam said at a conference last year when he was still head of the bank. He lauded Lu’s relationship with the firm that ranged from private banking to stock sales. “He’s a dream client.”Luckin’s dramatic fall from grace this month blindsided some of the top names …read more […]

(Bloomberg) — Alphabet Inc. shares surged after first-quarter results and upbeat executive comments showed the company’s cloud and YouTube businesses kept growing in the midst of the Covid-19 pandemic.Sales came in at $33.71 billion, up 14% from a year ago and ahead of Wall Street estimates. YouTube revenue jumped 33.5%, while Google Cloud’s top line soared 52%.“Results came out better than the market expected, with strong metrics in Google Cloud and YouTube,” Jason Bazinet, an analyst at Citigroup, wrote in a note to investors.The world’s largest internet company has been trying to diversify away from search advertising for years by …read more […]

What you’re about to see below will be shocking…
After all, most investors think that this $4 stock will soon be left for dead.
Bankrupt.
A true-life dumpster fire.
But… what if this company quickly becomes an explosive winner?
If you’re willing to take a small risk – for a potentially huge reward – then you don’t want to miss today’s newest Trade Talk Tuesdays.
See why I call it a “lotto scratcher” by clicking the play button below…

For full instructions on how to play picks like this, join me in The War Room!
The post A $4 Stock With Shocking Upside Potential appeared first on Investment …read more […]

Editor’s Note: Did you catch Marc’s State of the Market video this weekend?
Each Friday, Marc publishes an urgent video digest of the week’s news and what it means for the market. And this time, he covered the far-reaching implications of the recent crash in oil prices.

Click here to watch his latest update. Then, read on below to discover why Jody believes opportunity knocks for today’s most beaten-up sectors.
– Mable Buchanan, Assistant Managing Editor

I always pay very close attention to what the top investors in the world are saying…
But I pay even closer attention to what they are doing.
You see, I’ve …read more […]

Stock futures kicked off the overnight session flat Tuesday as investors digested a slew of mixed corporate earnings results after market close. …read more […]