Trading Ideas
Year: 2020
Trading Ideas
Judge’s Record Looks Unpromising for Amarin’s Appeal; Analyst Remains Bullish
It hasn’t been a good week for biotech Amarin (AMRN). On Monday, a District of Nevada judge ruled against the company and in favor of two generic drug makers seeking to establish their own versions of Amarin’s treatment for high triglycerides, Vascepa, thereby, making mincemeat of Amarin’s six patent claims. Judge Du’s ruling caught the Street somewhat by surprise, as it was widely expected Amarin would prevail in the case. Alas, investors were not impressed and on Tuesday, the stock was sent tumbling by a merciless 70%. The next step, naturally, involves an appeal. With this in mind, H.C. Wainwright’s …read more […]
Business News
Fiat Chrysler hopes discounts, web can juice dormant auto sales
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler Automobiles NV on Wednesday reported a 10% drop in U.S. quarterly sales and moved to juice demand with bigger discount and a program allowing customers to buy vehicles entirely online.
Business News
Wall Street sinks as coronavirus anxiety grows
The Dow Jones tumbled more than 700 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017.
Trading Ideas
3 “Strong Buy” Dividend Stocks Yielding At Least 10%
The financial markets shifted into bear territory weeks ago, seeing the worst stock losses since the Great Depression. It’s clear now that the coronavirus pandemic has pushed us into recession; the unanswered question is, how long will it be? For now, though, we have a record to ponder: this has been the worst first quarter for US stocks since record keeping began.Last week, however, the major indexes have showed some gains. Investors are uncertain if this marks a true turnaround, or just a short-lived rally in a larger bear market. The consensus seems to be toward the latter. Jeffrey Solomon, …read more […]
Business News
Whiting files for Chapter 11 bankruptcy as oil prices hover at $20
U.S. shale producer Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 a barrel.
Trading Ideas
Future of auto industry after COVID-19
Mark Fields, Former Ford CEO and TPG Global Advisor, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the automotive industry is faring amid the coronavirus outbreak. …read more […]
Trading Ideas
Bonds, golds are the wrong thing to buy right now: Valley Forge Capital Management Founder
Dev Kantesaria, Valley Forge Capital Management Founder, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are faring amid coronavirus. …read more […]
Business News
T-Mobile completes merger with Sprint
T-Mobile US Inc said on Wednesday it officially completed the merger with Sprint Corp , solidifying its postion as the No.3 wireless providers in the U.S.
Business News
U.S. construction spending unexpectedly falls in February
U.S. construction spending unexpectedly fell in February and could decline further as the coronavirus pandemic wreaks havoc on the economy.
Business News
U.S. factory activity contracts in March; orders tumble to 11-year low: ISM
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession.
Trading Ideas
Coronavirus restrictions to continue 'for a period of months,' even as outbreak slows: Mayor of Seattle
Mandatory social distancing orders may be slowing the spread of COVID-19 in the Seattle area, home to the first coronavirus death in the U.S., but the city’s mayor, Jenny Durkan, warned against complacency, saying the Puget Sound region is still “a month or two away” from relaxing isolation rules. …read more […]
Business News
U.S. dollar gains as steep global economic slump looms
The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic.
Business News
Equities drop as evidence mounts of deep global recession
World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into a deep recession.
Trading Ideas
T-Mobile completes merger with Sprint
T-Mobile’s long-time Chief Executive John Legere is stepping down from his position effective immediately as part of the deal. Legere was originally set to leave at the end of April, with Mike Sievert, T-Mobile’s president, as his successor. Legere will serve on T-Mobile’s board of directors. …read more […]