Year: 2020

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Trading Ideas

Bed Bath & Beyond Falls After Disclosing More Sales Doldrums

February 11, 2020 admin Comments Off on Bed Bath & Beyond Falls After Disclosing More Sales Doldrums

(Bloomberg) — Bed Bath & Beyond Inc. fell sharply after reporting that a key measure of sales contracted in December and January, the latest sign the home-furnishings retailer faces a tough road back to growth.“We are experiencing short-term pain in our efforts to stabilize the business, including the pressures of store traffic trends,” Chief Executive Officer Mark Tritton said in a statement.Comparable-store sales, an important gauge of retail success, fell 5.4% in the most recent months, the company said. It attributed this to lower store traffic and “inventory management issues.”The stock plunged as much as 17% to $12.30 in late …read more […]

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Business News

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines – report

February 11, 2020 admin Comments Off on Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines – report

The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department’s Inspector General seen by Reuters ahead of its release.

…read more […]

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Trading Ideas

Analysts: These 3 Energy Stocks Can Climb Over 20%

February 11, 2020 admin Comments Off on Analysts: These 3 Energy Stocks Can Climb Over 20%

Wall Street’s analysts have been predicting that this year would see slower growth than 2019. But a savvy investor can still find great returns. It may just require a more refined search.The tech industry comes to mind, of course. Tech stocks are the bright and shiny object in the markets and, mostly, they’ve brought in the returns. But they’re not the only game in town. The energy and utility sector – yes, the staid, dull oil companies – rose 6.61% in January, making them the leading gainers in the market.Several factors have come together to fuel their gain. Tax cuts …read more […]

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Trading Ideas

Why We’re Not Done With the Coronavirus

February 11, 2020 admin Comments Off on Why We’re Not Done With the Coronavirus

In the market, it’s as if the novel coronavirus scare never happened. After a rough end to January, stocks have come roaring back. Major averages are back to all-time high levels, surpassing the previous records set on January 17.
The reality of coronavirus is different, of course. More than 900 deaths have been attributed to the virus, and more than 40,000 cases have been confirmed in China. More than 300 cases have been confirmed outside of China in 27 different countries and territories.
But that could be just “the tip of the iceberg,” the World Health Organization says.
And the economic impact is …read more […]

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PG&E Victim Uprising Could Blow Up Utility’s Reorganization

February 11, 2020 admin Comments Off on PG&E Victim Uprising Could Blow Up Utility’s Reorganization

(Bloomberg) — California Governor Gavin Newsom isn’t the only potential obstacle facing PG&E Corp.’s plan to finish its bankruptcy case by June 30. Fire victims who blame the utility for their losses could also derail it.U.S. Bankruptcy Judge Dennis Montali warned the company and its backers that it needs to win broad support from fire victims or face a backlash of anger when they vote on the proposal this spring. If the victims, who are considered creditors, reject the plan, Montali said he may block it.The looming vote from fire victims is a reminder of the precarious balancing act PG&E …read more […]