Trading Ideas
Big tech stocks like Amazon may be in a gigantic bubble
Tech stocks have come on fast of late. Perhaps too fast. …read more […]
Year: 2020
Trading Ideas
Buy AbbVie for its Growth Prospects, Yield and Low Valuation
The company’s Humira will lose patent protection soon, but its pipeline will more than offset the effects Continue reading… …read more […]
Business News
BP boss Looney ‘reinvents’ oil giant with zero carbon goal
BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector’s most ambitious targets, as part of the biggest overhaul in the company’s 111-year history by new chief executive Bernard Looney.
Trading Ideas
A stock and a hard place: SoftBank's $150 billion Alibaba warchest in spotlight
SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks. The emergence of New York-based Elliott as a SoftBank shareholder has renewed focus on the company’s 26% stake in China’s Alibaba, the Japanese firm’s biggest asset and Son’s most successful tech bet to date. Elliott, one of the world’s best known activist investors, has amassed a holding of almost $3 billion in SoftBank. …read more […]
Business News
A stock and a hard place: SoftBank’s $150 billion Alibaba warchest in spotlight
SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks.
Trading Ideas
Analysts: These 3 Penny Stocks Are Positioned for Big Gains in 2020
Penny stocks, you either love them or you hate them. One of the obvious draws of these stocks trading for under $5 per share is the ability to get more bang for your buck. And should these bargain priced stocks see their share prices rise by only a small amount, the rewards can be staggering.However, before jumping right into an investment in a penny stock, Wall Street pros advise looking at the bigger picture and considering other factors beyond just the price tag. For some names that fall into this category, you really do get what you pay for, offering …read more […]
Business News
Shareholder activists test JPMorgan’s Dimon on climate proposals
Shareholder activists focused on climate issues vowed to press proxy battles with JPMorgan Chase & Co after getting a cold reception from the top Wall Street bank, even though Chief Executive Jamie Dimon has vowed to protect the environment.
Business News
S&P 500, Dow hit all-time highs as coronavirus spread slows
The S&P 500 and the Dow Jones Industrials hit record highs minutes after the open on Wednesday on signs that the coronavirus outbreak is slowing in China.
Business News
New coronavirus: what markets should watch now
World markets started shrugging off the worst of the coronavirus impact last week and stock markets have since reached record highs. China’s announcement that new cases of the so-called COVID-19 detected on Tuesday were at their lowest since Jan 30 has only consolidated those gains.
Trading Ideas
Major indexes in the green with investors hopeful about Sanders’ win in New Hampshire
Liquid Strategies and Overlay Shares CIO Shawn Gibson and Committee for Economic Development Director of Research Joseph Minarik join Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action on The First Trade. …read more […]
Trading Ideas
Icahn Demands Occidental Reveal If It Got Takeover Approach
(Bloomberg) — Activist investor Carl Icahn is calling on the leadership of Occidental Petroleum Corp. to reveal whether they were approached by any potential buyers prior to agreeing to acquire Anadarko Petroleum Inc. for $37 billion.The billionaire, who owns 3% of Occidental, said in a letter to the company’s shareholders Wednesday that Chief Executive Officer Vicki Hollub and Chairman Eugene Batchelder were trying to preserve their own jobs ahead of the interests of investors.“Why did they decide to embark on this ill-advised bet that has already destroyed over $30 billion in stockholder value; and if oil continues its decline, we …read more […]
Trading Ideas
Business News
Nissan sues Ghosn for damages, risks plunging to loss
Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the Japanese carmaker is seeking $91 million in damages from ousted former boss Carlos Ghosn.
Trading Ideas
Bed Bath & Beyond's gloomy sales indicate tough turnaround ahead
Analysts were hoping the home furnishing chain’s new Chief Executive Officer Mark Tritton to quickly overhaul the business after almost three years of falling same-store sales through divestitures, cost cuts and a revamp of merchandise. Ten rate it “hold” and 3 “sell”. …read more […]
Business News
Britain’s BT pulls out of Mobile World Congress
Britain’s biggest telecoms group BT said on Wednesday it was pulling out of the Mobile World Congress in Barcelona because of the coronavirus outbreak.