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Trading Ideas

Your 529 Questions… Answered!

For all the drama around Iran and the threat of war, the markets have been remarkably stable so far in 2020. So let’s use this lull to return to a topic that spurred a lot of interesting questions from our readers: grandparents and 529s.
What are the consequences of letting a plan “coast” to the next generation or further? Is this idea a valid estate planning tool for future generations? – Rebecca L.
Since a 529 must be used for educational expenses, what happens if the grandchild doesn’t continue an educational path?
Wouldn’t funding a Roth IRA in your own name be …read more […]

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Trading Ideas

How Did McCormick & Company, Incorporated (MKC) Compare Against Hedge Fund Darlings in 2019?

Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before 2018’s Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […] …read more […]

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Business News

Alphabet legal head Drummond exits, giving its new CEO chance to shake up team

Alphabet’s new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google’s parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns about his personal relationship with a subordinate.

…read more […]

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Trading Ideas

How to Trade Cleveland-Cliffs Options for Free

There is no better trade on Wall Street than a free ride. A free ride refers to a trade that goes your way to the point that you can take your initial investment off the table and still have exposure to the upside.
In this case, not only did War Room members take their initial investment off the table…
They took some profit too, enough that they’re being paid to be in the trade.
Let me explain…
Last week War Room members took a position in Cleveland-Cliffs (NYSE: CLF). This is the second time in less than a month members traded this stock and …read more […]

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Trading Ideas

Oil Posts Biggest Weekly Loss Since July as Mideast Risk Fades

(Bloomberg) — Oil ended the first full week of 2020 with the steepest loss since July as geopolitical threats to some of the world’s most important supplies fizzled.Futures settled at a one-month low in New York on Friday to cap a volatile week that saw crude soar and then crash as the U.S. and Iran teetered on the brink of all-out conflict. Ultimately, prices finished the week down more than 6%.“Prices are still sliding because of the easing in tensions in the Middle East,” said Michael Loewen, director of commodity strategy at Scotiabank. “That’s draining the supply risk premium that …read more […]

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Business News

Boeing supplier Spirit to lay off more than 20% of workforce in Kansas: memo

Boeing Co’s biggest supplier, Spirit AeroSystems Holdings Inc , plans to lay off more than 20% of the workforce at its Wichita-Kansas base as it grapples with halted production and uncertainty over when 737 MAX jets will return to service, according to a company memo seen by Reuters.

…read more […]

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Business News

Alphabet’s legal head David Drummond to retire amid board probe of harassment policies

Alphabet’s new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google’s parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns about his personal relationship with a subordinate.

…read more […]

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Trading Ideas

Amazon Tells Shoppers That PayPal’s Honey Is a Security Risk

(Bloomberg) — PayPal Holdings Inc. made a big bet in November with its $4 billion acquisition of Honey, a web browser extension that helps online shoppers find the lowest prices. Now Amazon.com Inc. is warning customers not to use the tool.Shortly before Christmas, Amazon said Honey posed a security risk, which was reported Thursday by Wired. The warning perplexed some online shopping experts since the tool has been available for several years and Amazon makes no similar warnings about other browser extensions such as price tracker camelcamelcamel.com.“Amazon’s fight against Honey while letting a dozen other tools go on is confusing,” …read more […]