Trading Ideas
AdvisorShares CEO says 2020 'could be a good year' for cannabis
Despite waning investor optimism in the cannabis space, AdvisorShares CEO Noah Hamman says 2020 could be a big year for the sector. …read more […]
Year: 2020
Business News
Goldman Sachs profit misses estimates on higher costs, weak M&A
Goldman Sachs Group Inc on Wednesday reported quarterly profit that missed analysts’ estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs.
Business News
Futures mostly lower as investors assess U.S.-China trade deal, earnings
U.S. stock index futures were marginally lower on Wednesday ahead of the release of details of an initial U.S.-China trade deal, with investors also digesting the second round of bank earnings after a strong set of reports on Tuesday.
Business News
Target blames toys, electronics for weak holiday sales, shares fall 8%
Target Corp said on Wednesday it missed its own expectations for holiday season sales, citing weak demand for toys and electronics for growth of just 1.4% and dragging shares across the retail sector lower.
Trading Ideas
Boeing MAX return will bring aviation turbulence – IBA
A year after the grounding of Boeing Co’s 737 MAX sent shockwaves across the aviation sector, its likely return in 2020 promises more upheaval, consultant IBA said on Wednesday. The industry faces market turbulence as the release of some 800 grounded jets reverses a surge in narrowbody aircraft values, with the glut of planes potentially weighing on fares, IBA said. Since the MAX grounding last March, after two deadly crashes, airline customers have secured alternative planes or extended existing leases, driving up contract rates and second-hand values of Boeing and Airbus single-aisle jets. …read more […]
Trading Ideas
Goldman Sachs Q4 profit falls, but sees higher bond trading, deal-making
Goldman Sachs posted mixed earnings results on Wednesday, as the firm’s deal-making and bond trading weren’t enough to offset a drop in investment banking revenue. …read more […]
Trading Ideas
Market Morning: Trade Deal Signing, Bitcoin Fracas, Trump Rages at Apple, Jet Fuel Rain
Do US Farmers Trust President Trump? We will see. The “Phase One” trade deal between the United States and China will, once again supposedly, be signed today, the Ides of January. Despite previous reports that China has backed out of firm commitments to increase its purchases of US agricultural products, it now seems that somehow […]The post Market Morning: Trade Deal Signing, Bitcoin Fracas, Trump Rages at Apple, Jet Fuel Rain appeared first on Market Exclusive. …read more […]
Business News
Goldman Sachs profit falls on investment banking weakness, higher costs
Goldman Sachs Group Inc reported a 26% drop in quarterly profit on Wednesday, hurt by weakness in its investment banking business and higher operating costs.
Trading Ideas
Target's disappointing holiday season reveals one big challenge for 2020
Target delivers lackluster holiday season sales results. …read more […]
Business News
Bank of America beats on bond trading boost
Bank of America Corp beat analysts’ estimates for quarterly profit on Wednesday, as the second-biggest U.S. lender’s bond trading division posted a strong showing, eclipsing declines at its three other major businesses.
Business News
PNC Financial quarterly profit beats on higher loan growth
PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book.
Trading Ideas
Trump Approves First Solar’s Mega-Farm in California Desert
(Bloomberg) — The Trump administration on Wednesday will announce the authorization of a roughly 3,000-acre solar farm near Palm Springs, California, after developers scaled back its size to help avoid threatened desert tortoises and cultural artifacts.First Solar Inc.’s 450-megawatt Desert Quartzite project in eastern Riverside County has been praised by some environmentalists for its careful design on lands teeming with protected species and relics.“It’s a big project, over 2,700 acres. That’s no small chunk of land, and they’re going to squeeze 450 megawatts out of that,” said Casey Hammond, the Interior Department’s acting assistant secretary of land and minerals management. …read more […]
Business News
Bank of America quarterly profit falls 4%
Bank of America Corp posted a 4.1% fall in quarterly profit on Wednesday, as lower interest rates crimped the second-biggest U.S. lender’s ability to earn more from loans.
Business News
Target’s holiday comparable sales rose marginally, shares tank
Target Corp on Wednesday reported comparable sales growth of just 1.4% for the 2019 holiday season on the back of weak demand for electronics, toys and home products, sending shares in the retailer 8% lower.
Trading Ideas
Target's holiday comparable sales rose marginally, shares tank
“While we knew this season was going be challenging, it was even more challenging than we expected,” Chief Executive Officer Brian Cornell said. Digital sales grew 19% compared with 2018’s 29% rise, Cornell said, calling the reported numbers a “tough miss”. Target’s numbers come just a week after several U.S. retailers including Kohl’s , J.C. Penney and Macy’s reported lower sales for the key shopping period, raising doubts about the broader health of the retail sector. …read more […]