Year: 2020

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Trading Ideas

My Top Coronavirus Pick Was Up $18 at Midday

February 26, 2020 admin Comments Off on My Top Coronavirus Pick Was Up $18 at Midday

As you know, back on February 24, I wrote the following article, “My Top Coronavirus Picks (You Won’t Believe Pick No. 3)”.
One of my picks that day was Netflix (Nasdaq: NFLX).
My rationale…
Think about it. What else are you going to do when you’re quarantined – trapped inside your own self-contained cage? You’re going to binge-watch TV. And in the process, you’ll get yourself hooked on a ton of new Netflix shows. Call me crazy, but I honestly think that the absolute worse-case scenario in the coronavirus epidemic is potentially very bullish for Netflix. I’d nibble on today’s dip.
What happened today?
By …read more […]

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Box beats quarterly revenue estimates on strong subscription growth

February 26, 2020 admin Comments Off on Box beats quarterly revenue estimates on strong subscription growth

Box competes with Dropbox Inc for a share of the file storage market that has seen a sharp rise in demand for cloud services to share and store files, especially in the workplace. The content management platform that went public in 2015 competes with tech heavyweights like Microsoft Corp’s OneDrive and Alphabet Inc’s Drive. Box’s fourth-quarter billings, which is revenue plus the change in deferred revenue, rose 19% to $281.9 million, above analysts’ estimate of $264.2 million. …read more […]

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Business News

Apple shareholders defeat proposal over Chinese app removal policies

February 26, 2020 admin Comments Off on Apple shareholders defeat proposal over Chinese app removal policies

Apple Inc’s shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained support only in single-digit percentages.

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Business News

Senator wants U.S. agencies to review sale of AT&T subsidiary to Czech-owned conglomerate

February 26, 2020 admin Comments Off on Senator wants U.S. agencies to review sale of AT&T subsidiary to Czech-owned conglomerate

U.S. Republican Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.

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Is the Market Oversold? Argus Technical Analysis

February 26, 2020 admin Comments Off on Is the Market Oversold? Argus Technical Analysis

Tuesdays are supposed to mark turnarounds in the market, moving in the opposite direction after a big move on Monday. Not this time! After cratering 112 points on Monday, the S&P 500 (SPY) fell another 98 points, with a two-day decline of 6.3%. That’s the largest two-day loss since August 2015. The most recent two-day decline of over 6% was when the market was correcting after its parabolic move from late 2017/early 2018. …read more […]

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Business News

U.S. consumer spending could see one-two punch from stocks drop, coronavirus

February 26, 2020 admin Comments Off on U.S. consumer spending could see one-two punch from stocks drop, coronavirus

The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending – even before other economic effects of the disease are felt.

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