Year: 2020

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(Bloomberg) — U.S. and European equity futures fell with Asian stocks and the dollar climbed after President Donald Trump said he had tested positive for the coronavirus.Trump said that both he and the First Lady Melania Trump tested positive and that they will now quarantine themselves. They were tested after Hope Hicks, one of his closest aides, returned a positive result for Covid-19. The yen and Treasuries, often seen as havens in times of market stress, rose. Nasdaq futures were 2% lower and crude oil extended losses.Trump’s physician said the president and Melanie Trump will remain at the White House …read more […]

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After Trump tests positive for COVID-19, Dow futures fall as investors worry. The president testing positive led stocks to fall in pre-market trading. …read more […]

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(Bloomberg) — Tesla Inc.’s factory near Berlin faces no major hurdles before getting the final green light to start producing electric cars next year, according to the premier of the state where it’s being built.Public hearings into the plant east of Berlin in the state of Brandenburg were off to a rocky start and have taken nearly two weeks instead of two days. Environmental activists and local residents have grilled authorities on hundreds of issues from deforestation and water usage to increased truck traffic and noise pollution.Despite the drawn-out process, Brandenburg Premier Dietmar Woidke isn’t concerned and expects the project …read more […]

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(Bloomberg) — U.S. President Donald Trump said he would begin self-quarantine while waiting for coronavirus test results after Hope Hicks, one of his closest aides, tested positive for Covid-19. Hicks traveled with Trump aboard Air Force One to and from the presidential debate in Cleveland on Tuesday.Amazon.com Inc. said close to 20,000 of its employees had tested positive for the virus during the pandemic. A $1 billion funding package to help the U.S. Centers for Disease Control and Prevention fight Covid-19 has remained mostly unspent, people familiar with the matter said.Key Developments:Global Tracker: Cases pass 34.1 million; deaths exceed 1 …read more […]

(Bloomberg) — Oil headed for a second weekly loss amid growing concern the global energy demand recovery has stalled, although figures showing OPEC’s crude output held steady last month eased fears of a potential glut.Futures in New York fell toward $38 a barrel Friday after slumping 3.7% on Thursday. The chance of any more U.S. fiscal stimulus before the November election appeared to be fading after talks yielded no immediate breakthrough. The coronavirus is resurgent in Europe and hasn’t been brought under control in big economies such as India, leading to a chorus of forecasters scaling back their estimates for …read more […]

DraftKings’ (DKNG) short time as a publicly traded company has been a huge success. With a year-to-date share gain of 478%, the online sports betting (OSB) player is riding a momentum wave that shows no signs of slowing down yet.But this could only be the opening salvo. DraftKings operates in a sector which is just getting started and might turn into a very lucrative industry. In fact, Needham analyst Brad Erickson estimates the OSB industry could be worth “between $42 and $58 billion annually longer-term.” The 5-star analyst expects DraftKings to make good use of the opportunity at play.Erickson counts …read more […]

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(Bloomberg) — Trades in which tens of millions of dollars were spent betting on the biggest American technology companies have again surfaced in the options market, weeks after the Japanese conglomerate SoftBank Group Corp. was linked to similar wagers.Amazon.com Inc., Facebook Inc. and Netflix Inc. were among companies that saw block trades of call contracts Thursday, representing speculation on movements in their shares through the first months of next year. Call options are bullish bets by themselves but can also be paired with other positions as part of a hedge.The identity of the buyer wasn’t known. Analysts noted a resemblance …read more […]

Members just cashed out of Peloton in a big way.
A couple of weeks ago I told War Room members about stocks that have been dominant players in their fields.
Two of them, DraftKings (Nasdaq: DKNG) and Peloton (Nasdaq: PTON), are at the top of the list, proving they are the best of breed.
In fact, Trade of the Day members cashed in on DraftKings, which I recommended to you in these very pages at around $32. The price hit $63 this morning!
Peloton is a different creature but shares the same types of characteristics. The only difference is you can’t ride your Peloton …read more […]