Year: 2020

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Trading Ideas

Understanding Put Selling With Advanced Micro Devices

February 13, 2020 admin Comments Off on Understanding Put Selling With Advanced Micro Devices

Last week, War Room members closed out a put sell position on Advanced Micro Devices (Nasdaq: AMD) for gains between 33% and 45%, depending on their entry prices.
These gains occurred in just seven days!
While seven days seems like an eternity compared with some of our other trades that we’ve closed out of in a matter of minutes or hours, something makes this trade and others like it very, very different.
We recognize that we have every type of investor in The War Room, from green recruits to seasoned generals… which is why we have adopted a mentality of making every type …read more […]

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Trading Ideas

Bernie Sanders Blasts Embattled Utility PG&E Before California Primary

February 13, 2020 admin Comments Off on Bernie Sanders Blasts Embattled Utility PG&E Before California Primary

(Bloomberg) — PG&E Corp., the California utility that’s still struggling to emerge from bankruptcy court, is being dragged into another brutal arena — the presidential campaign.A new ad from Senator Bernie Sanders blasts the power company for repeatedly sparking deadly wildfires, and uses the devastation to argue for his version of a Green New Deal. It signals that the contender for the Democratic presidential nomination sees PG&E as a useful foil as California gears up for its March 3 primary vote.Sanders has built a strong operation aimed at winning in the state, with more campaign offices there than any candidate …read more […]

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Business News

Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing

February 13, 2020 admin Comments Off on Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing

Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation’s economy.

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Trading Ideas

Coronavirus unlikely to have big impact on oil prices – U.S. energy secretary

February 13, 2020 admin Comments Off on Coronavirus unlikely to have big impact on oil prices – U.S. energy secretary

The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically push up oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told Reuters on Thursday. Brouillette cautioned, however, that there had been some “slowing” of Chinese energy purchases. Oil demand is set to fall by 435,000 bpd this quarter, in its first decrease since the financial crisis in 2009 due to the coronavirus outbreak in China, the International Energy Agency (IEA) said on Thursday. …read more […]