Trading Ideas
Joseph Moglia of Novan, Inc. (NASDAQ:NOVN) Just Spent US$430k On Shares
Potential Novan, Inc. (NASDAQ:NOVN) shareholders may wish to note that insider Joseph Moglia recently bought US$430k… …read more […]
Year: 2020
Business News
Southwest Airlines cutting more than 40% of flights in May as demand sags
Southwest Airlines Co said Tuesday it will cut more than 40% of flights from May 3 through June 5 amid a sharp decline in travel demand from the coronavirus pandemic.
Trading Ideas
Cyclicals couldn’t be better positioned now for economic recovery: Causeway Capital Managment CEO
Sarah Ketterer, Causeway Capital Management CEO, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how coronavirus has impacted the markets. …read more […]
Business News
Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn
American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said.
Trading Ideas
Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn
American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said. Some 4,700 jets have been parked globally as airlines slash operations due to travel restrictions, according to Ascend by Cirium fleet data, and American’s decision confirms industry speculation that many of those older jets won’t fly again. In addition to the retirement of 34 Boeing Co 757s and 17 Boeing 767s announced just two weeks ago, …read more […]
Business News
Three months that shook global markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.
Business News
Stocks slide, on pace for worst quarter since 2008
Global stock markets slid on Tuesday as investors continued to assess the economic damage from the coronavirus pandemic, leaving the MSCI benchmark of world equities on pace to finish its worst quarter since the financial crisis of 2008.
Trading Ideas
The market is being driven by massive stimulus, but we have to take our signals from the virus: Brigg McAdam Founding Partner
Greg Swenson, Brigg McAdam Founding Partner, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how markets are weathering the coronavirus outbreak. …read more […]
Business News
Oil edges higher after 18-year lows prompt U.S.- Russia talks plan
Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilising energy markets, with benchmarks climbing off 18-year lows, though the coronavirus-related demand hit capped gains.
Business News
U.S. unemployment offices sitting on mountain of pending claims
Last week’s record-setting U.S. jobless claims number will be quickly surpassed, economists and state officials predict, as local labor offices digest a pile of pending applications, and the new stimulus bill extends benefits to the self-employed.
Business News
Furniture giant IKEA making masks to help fight coronavirus
Furniture giant IKEA is producing face masks and other protective gear for hospitals, joining a growing list of companies branching out of their normal business areas to help meet equipment shortages in the fight against coronavirus.
Trading Ideas
Abbott Laboratories Stock Soaring With 5-Minute COVID-19 Test
Abbott Laboratories stock is lighting up the market this week. However, where did this spike come from? The health care and medical device company has received emergency FDA approval on their 5-minute coronavirus test.
Abbott Laboratories (NYSE:ABT) made the announcement on Friday, March 27th and the stock market responded quickly. The company will begin to ramp up production on their groundbreaking test, which makes their stock one to watch during the pandemic.
Why is Abbott Laboratories Stock Gaining So Much Traction?
Is this the first time you are hearing about Abbott Labs? If so, it will not be the last. The Illinois-based company …read more […]
Business News
Rolls-Royce targets in jeopardy as pandemic brings air travel slump
British aero-engine maker Rolls-Royce will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said.
Trading Ideas
Shorn Like A Sheep: Analysts Just Shaved Their Murphy Oil Corporation (NYSE:MUR) Forecasts Dramatically
The latest analyst coverage could presage a bad day for Murphy Oil Corporation (NYSE:MUR), with the analysts making… …read more […]
Trading Ideas
Goldman Sachs: 3 “Strong Buy” Stocks to Snap Up Now
Have the markets turned the corner? Four of the past five trading sessions have seen net gains. The S&P 500 is up 17% from the March 23 trough. The question now is, are markets truly trending back up, or are traders simply taking advantage of low prices after the recent heavy losses?That’s the question for the long term. For the moment, traders are taking some comfort in the gains, which have clawed back some one third of the value lost in the bearish run.With that in mind, Goldman Sachs analysts have been coming the markets for buy-side options, and in …read more […]