Trading Ideas
Year: 2020
Business News
Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers
The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union, Airbus said.
Business News
IBM withdraws participation from RSA Conference over coronavirus fears
International Business Machines Corp on Friday said it had canceled its participation in the RSA cyber security conference due to coronavirus-related concerns.
Business News
U.S. firm wins reprieve from expanded duties on steel products
The U.S. Court of International Trade has issued a temporary order under which U.S. customs agents cannot collect duties from a U.S. company under President Donald Trump’s recently-announced expansion of steel and aluminum tariffs.
Trading Ideas
Bayer Jury Awards Farmer $15 Million for Dicamba Crop Damage
(Bloomberg) — Bayer AG and rival BASF SE must pay $15 million to a farmer who blamed the companies’ dicamba herbicide for mutilating his peach orchards, a jury concluded in the first case to go to trial over the controversial weedkiller.Jurors in federal court in Cape Girardeau, Missouri, found Friday that Bayer and BASF were responsible for Bill Bader’s losses caused by dicamba that drifted from neighboring cotton fields over a three-year period starting in 2015. Bader, the state’s largest peach producer, had sought about $21 million in damages for years of reduced yields he blamed on the dicamba damage.The …read more […]
Trading Ideas
This Is How Charlotte’s Web Stock Could Double in 2020
As Charlotte’s Web Holdings (CWBHF) trades below $7, the stock is finally at levels where investors can buy the stock. The U.S. CBD market enters 2020 in a highly competitive state and faces FDA uncertainty, but the leading CBD company should attract investor interest as the market value dips to $665 million.Top QualityAs the cannabis sector in general matures, quality brands will eventually rise to the top. The cannabinol or CBD sector already has topped 4,500 brands leaving the general consumer with limited ability to ascertain the brands with the top quality for the price.According to MarijuanaBreak, Charlotte’s Web ranked …read more […]
Trading Ideas
Business News
Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes
Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co , investing in the largest U.S. supermarket chain as smaller rivals struggle.
Business News
Injured by China’s trade practices? Call 202-395-3900, USTR says
The U.S. Trade Representative’s office said on Friday it has established a dispute resolution office and complaint hotline to enforce President Donald Trump’s “Phase 1” trade deal with China, which takes effect on Saturday.
Trading Ideas
Warren Buffett Buys Kroger, Biogen in 4th Quarter
Guru also opens positions in 2 ETFs Continue reading… …read more […]
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David Einhorn's Greenlight Buys DXC and Boosts 2 Holdings in the 4th Quarter
Greenlight wraps up 2019 with gains weighed down by losses in short positions Continue reading… …read more […]
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Sarah Ketterer's Top 4 Buys for the 4th Quarter
Causeway Capital Management invests in General Electric, FedEx Continue reading… …read more […]
Business News
Boeing tells FAA it does not believe 737 MAX wiring should be moved: sources
Boeing Co told the U.S. Federal Aviation Administration it does not believe it needs to separate wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit and cause catastrophic consequences, people familiar with the matter said on Friday.
Trading Ideas
White House defends Trump after AP report on homeless vet
The White House defended President Donald Trump on Friday after an Associated Press report that he stretched the truth in his State of the Union account of a formerly homeless veteran who turned his life around with a job at a company that is taking advantage of Opportunity Zone tax breaks. The AP report found that construction worker Tony Rankins, who was introduced to a standing ovation at the State of the Union, doesn’t work at a site taking advantage of the breaks and has never done so. In fact, the hotel renovation job that he credits …read more […]
Trading Ideas
Aurora Cannabis (ACB) Couldn’t Have Reported a Worse Quarter
Despite all of the promises for the Canadian cannabis space entering 2020, Aurora Cannabis (ACB) reported one of the worst quarters in the space and the lack of financial discipline has to question where the reorganization will work until new executive leadership joins the company.EBITDA Loss DoublesThe most alarming number reported for the December quarter was the doubling of the adjusted EBITDA loss. Companies can’t always control revenues, especially in an emerging market with volatile regulations, but any particular company can control expenses.Aurora Cannabis reported a C$80 million EBITDA loss in the quarter, up from $40 million in the prior …read more […]