Trading Ideas
Is There An Opportunity With C.H. Robinson Worldwide, Inc.'s (NASDAQ:CHRW) 21% Undervaluation?
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of C.H. Robinson… …read more […]
Year: 2020
Business News
UK’s Huawei decision will not affect intelligence-sharing: PM’s spokesman
Britain’s decision to allow China’s Huawei to have a role in its 5G networks does not affect the country’s ability to securely share intelligence data, Prime Minister Boris Johnson’s spokesman said on Wednesday.
Trading Ideas
Coronavirus hits cruise lines: 'Every lost voyage' could cost $4 million in revenue
The exponential spread of the coronavirus is upending the travel industry with cruise operators being hit particularly hard. …read more […]
Business News
Wall St. gives up early gains as weak earnings weigh
U.S. stocks gave up early gains on Wednesday, as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of a fast-spreading coronavirus.
Business News
Oil mixed amid virus fears and talk of OPEC cut extension
Oil prices were mixed on Wednesday as worries about the impact of the coronavirus outbreak on demand were offset by talk that OPEC could extend oil output cuts.
Business News
Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises
Warren Buffett’s Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.
Trading Ideas
Fed not expected to move on interest rates
The Federal Reserve will make its first policy decision of 2020 on Wednesday afternoon. …read more […]
Business News
Boeing swings to annual loss as 737 MAX costs near $19 billion
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
Business News
Apple’s iPhone strength is back and analysts say it is here to stay
Wall Street analysts were smitten by a rebound in sales of Apple Inc’s iPhones after a year of decline. So much, in fact, that they looked past a weaker-than-expected rise in services revenue, the company’s growth driver.
Trading Ideas
Warren Buffett Throws in the Towel on His Newspaper Empire
(Bloomberg) — Warren Buffett is getting out of the newspaper business.Berkshire Hathaway Inc. agreed to sell its BH Media unit and its 30 daily newspapers to Lee Enterprises Inc., which owns papers including the St. Louis Post-Dispatch, for $140 million in cash. Lee has been managing the papers for Buffett’s company since 2018, and Berkshire is loaning Lee the money for the purchase.Buffett, who got a job delivering papers as a teenager and invested in the industry to capitalize on its one-time local advertising stronghold, lamented last year that most newspapers are “toast.” BH Media, which owns papers across the …read more […]
Trading Ideas
The Micron Technology (NASDAQ:MU) Share Price Has Gained 134%, So Why Not Pay It Some Attention?
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes… …read more […]
Business News
Goldman unveils long-term targets to grow new businesses, revenues
Goldman Sachs Group Inc on Wednesday set aggressive targets to grow many of its businesses, as the Wall Street powerhouse tries to make meaningful inroads in areas dominated by larger rivals JPMorgan Chase and Bank of America
Business News
Explainer: What the U.S. Federal Reserve is watching this year
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its first policy meeting of the year on Wednesday.
Trading Ideas
Apple's iPhone strength is back and analysts say it is here to stay
At least 15 brokerages raised their price targets on the company’s stock on Wednesday, with D.A. Davidson setting the most bullish price target of $385, well above the stock’s current median price target of $325. “We see Apple’s December 2019 quarter as a microcosm for its calendar 2020 performance, with the iPhone, once again, returning to the front and center,” D.A. Davidson analyst Tom Forte said. Forte attributed part of the iPhone bounce to Apple’s new credit initiatives, which enable consumers to purchase a phone and pay for it in monthly installments without paying interest. …read more […]
Trading Ideas
L Brands CEO Wexner in Talks to Step Down, Break Up Company
(Bloomberg) — Les Wexner, the longest serving chief executive officer on the S&P 500 Index, is in talks to break up Victoria’s Secret owner L Brands Inc. and potentially step down from his role leading the company, according to a person familiar with the matter.Shares of L Brands surged as much as 15%, the most in eight months, in New York trading Wednesday. The Wall Street Journal reported earlier that founder Wexner may step down as CEO and sell Victoria’s Secret. Wexner may stay on as chairman, the Journal reported.The stock has posted four consecutive annual declines in value, including …read more […]