Year: 2020

No Picture
Trading Ideas

The “Portnoy Momentum Trade” can push Penn National higher, says analyst

September 17, 2020 admin Comments Off on The “Portnoy Momentum Trade” can push Penn National higher, says analyst

Stifel analysts led by Steven Wieczynski raised their price target on shares of Penn National, on the belief that the “Portnoy Momentum Trade” will continue. The firm also expects the sports betting euphoria to continue through the fall, thanks in part to “a number of states to pass gaming legislation that should keep the sports betting/iGaming momentum rolling.” …read more […]

No Picture
Trading Ideas

‘We’re not trying to have the first vaccine. We want the best vaccine’: Moderna CEO

September 17, 2020 admin Comments Off on ‘We’re not trying to have the first vaccine. We want the best vaccine’: Moderna CEO

As the vaccine race heats up, conflicting reports over when a vaccine will be ready and distributed has many wondering of the efficacy of the vaccine process and its safety. Moderna CEO Stéphane Bancel joins The Final Round to discuss all things related to coronavirus and the pharmaceutical industry. …read more […]

No Picture
Trading Ideas

Alphabet CFO Beats Back-to-Office Drum, Citing Tie to Innovation

September 17, 2020 admin Comments Off on Alphabet CFO Beats Back-to-Office Drum, Citing Tie to Innovation

(Bloomberg) — Alphabet Inc. Chief Financial Officer Ruth Porat says employees having the chance to work together in-person is key to fostering innovation, but the nature of work will inevitably change because of the Covid-19 pandemic.Porat, who is also CFO of Alphabet’s main Google business, spoke in an interview on The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg Television. Here are some other key insights from the discussion:Google’s original model of bringing employees together around a central campus is changing as the company re-imagines what work looks like because of the pandemic.Health care is a key area of growth for …read more […]

No Picture
Trading Ideas

Natural Gas Craters After Weak Demand, Glut Blindside Bulls

September 17, 2020 admin Comments Off on Natural Gas Craters After Weak Demand, Glut Blindside Bulls

(Bloomberg) — For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain blindsiding traders on Thursday and sending prices plunging by the most in almost two years.U.S. inventories of the heating and cooling fuel expanded by 89 billion cubic feet to 3.614 trillion cubic feet last week, well above any analyst’s expectations. Stocks are growing despite two back-to-back heat waves that broke records across the western U.S., extreme temperatures that baked New York earlier this year, multiple hurricanes that have …read more […]

No Picture
Trading Ideas

Moody Mr. Market Gives Swing Traders an Opportunity

September 17, 2020 admin Comments Off on Moody Mr. Market Gives Swing Traders an Opportunity

With more than 2,700 retail stores in 35 states and the District of Columbia, this week’s swing trade recommendation is a household name.
But when it reported impressive earnings growth last week, it took investors by surprise. The market overreacted… and created the perfect opportunity for swing traders.

Click here to discover my latest swing trade recommendation. And click here to check out my Nick’s Picks video series on YouTube.

Good investing,
Nicholas
The post Moody Mr. Market Gives Swing Traders an Opportunity appeared first on Investment U. …read more […]