Trading Ideas
Did Changing Sentiment Drive Overstock.com's (NASDAQ:OSTK) Share Price Down A Worrying 54%?
Overstock.com, Inc. (NASDAQ:OSTK) shareholders will doubtless be very grateful to see the share price up 173% in the… …read more […]
Year: 2020
Trading Ideas
Pre-Market: Vaxart Pops 35% On Positive Covid-19 Vaccine Data
Biotech Vaxart (VXRT) has announced positive pre-clinical results for its oral COVID-19 vaccine candidates, with several of the vaccine candidates generating immune responses in all tested animals after a single dose.Shares have surged 35% in pre-market trading Tuesday, with the stock’s year-to-date gain already at an eye-watering 567%.“These early pre-clinical results are in line with those for our oral influenza vaccine which was protective in a clinical Phase 2 efficacy study,” said Sean Tucker, Ph.D., CSO of Vaxart, adding that additional data will inform which candidate moves forward into clinical trials.“We are particularly interested in vaccine candidates that can generate …read more […]
Trading Ideas
What You Must Know About Navidea Biopharmaceuticals, Inc.'s (NYSEMKT:NAVB) Beta Value
If you own shares in Navidea Biopharmaceuticals, Inc. (NYSEMKT:NAVB) then it’s worth thinking about how it contributes… …read more […]
Business News
Coronavirus casualty Virgin Australia could prosper under new owners
Virgin Australia’s entry into administration could give any successful bidder for the country’s second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses.
Business News
Domestic air travel down 70%, recovery likely to be slow: IATA
Domestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry’s representative body IATA said on Tuesday.
Trading Ideas
Fannie-Freddie Not Buying Problem Loans Has U.S. Seeking Fix
(Bloomberg) — Fannie Mae and Freddie Mac’s regulator is confronting a fresh crisis for the U.S. housing market: The companies won’t buy recently issued loans that were made to borrowers who already can’t afford their monthly payments because of coronavirus.Industry executives have told Fannie and Freddie’s watchdog, the Federal Housing Finance Agency, that the issue is causing severe disruptions for the real estate sector because it’s preventing the mortgage giants from guaranteeing new loans in forbearance. In response, an update to Fannie and Freddie’s policies aimed at easing the problem may be announced as soon as this week, said people …read more […]
Trading Ideas
Philip Morris Releases Strong Q1 Results; Warns That Worse Is To Come
Philip Morris International (PM) has released strong first-quarter results with revenue of $7.15B (+5.9% year-over-year) beating the Street consensus by $280M.For the first quarter, non-GAAP EPS of $1.21 came in $0.08 above the Street’s forecast and GAAP EPS of $1.17 beat by $0.04. Cigarette and heated tobacco unit shipment volume fell by 1.2%; down by 0.6% on a like-for-like basis, states the press release.PM also withdrew its 2020 reported diluted EPS guidance of at least $5.50, originally provided on February 6, and instead provided a forecast for the second quarter, for which it has ‘relatively better visibility.’According to the press …read more […]
Business News
Lockheed Martin profit beats, but company trims sales outlook on virus hit
Lockheed Martin reported better-than-expected quarterly profit on Tuesday, helped by higher sales in its aeronautics business that makes the F-35 fighter jets, but lowered its 2020 sales outlook due to coronavirus-led supply chain delays.
Business News
Oil at two-decade lows, price of U.S. crude for delivery below zero
Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory for the first time in history as demand tumbled due to the coronavirus crisis.
Business News
Futures slide as sub-zero U.S. crude adds to pandemic jitters
U.S. stock index futures resumed their slide on Tuesday as gloomy quarterly earnings reports and a historic collapse in U.S. crude prices to below zero raised the spectre of a deep global recession in the coming months.
Business News
Lululemon apologises after staffer offends with ‘bat fried rice’ T-shirt
Canadian exercise apparel brand Lululemon issued statements on Tuesday apologising for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online.
Business News
The half a trillion dollar British money transfusion that may not be enough
It took Lucio and Meera Santoro 35 years to build up their London design company and just a week to watch it fall apart.
Business News
Oil crash slams stocks, dollar gains as risk sentiment rolls over
Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time ever, as dismal corporate earnings underlined worries about economic damage from the coronavirus pandemic.
Business News
Primark owner AB Foods right not to pay dividend, says boss
Primark owner Associated British Foods’ decision not to pay an interim dividend to shareholders was “absolutely the right thing to do” given the coronavirus crisis, its boss said on Tuesday.
Business News
Primark owner scraps dividend, takes charge for surplus stock as coronavirus crisis hits
Primark owner Associated British Foods will not pay an interim dividend to save cash during the coronavirus crisis and has booked a 284 million pound ($352 million) charge to reflect an expected lower value of stock when its stores reopen.