Year: 2020

Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA’s shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world’s fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the COVID-19 challenge to the auto sector. Milan-listed shares in Fiat Chrysler rose almost 8% by 1000 GMT, while PSA gained 1.5%. …read more […]

(Bloomberg) — Hennes & Mauritz AB reported a return to profit that surged far past analysts’ expectations, a bullish sign for purveyors of fast fashion.The Swedish clothing retailer estimated pretax earnings reached about 2 billion kronor ($230 million) in the three months through August, based on preliminary results. That’s eight times the average analyst estimate and almost double the highest forecast. The shares rose as much as 13% in Stockholm Tuesday morning.H&M attributed the earnings to revenue exceeding its expectations, well-received collections and more sales at full price. The report soothed concern about H&M’s perennial issue with a buildup of …read more […]

(Bloomberg Opinion) — This week marks the 60th anniversary of OPEC, the cartel of major oil exporters that has, at times, held sway over the oil markets. It is a good time to ask: Is it still effective? The truth is that OPEC’s power to impact the price of oil has waxed and waned over the past 60 years but has always been based on the portion of global spare capacity that it controls. With plenty of crude sloshing around in storage tanks worldwide, that makes it not so effective now.When the Organization of Petroleum Exporting Countries was formed in …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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Spot gold was up 0.3% at $1,962.78 per ounce by 0259 GMT, adding to a 0.8% gain in the previous session. U.S. gold futures climbed 0.5% to $1,972.60. “Gold looks firm mainly because of a weaker dollar and also U.S. Treasury yields are coming down a bit,” said Edward Meir, an analyst at ED&F Man Capital Markets. …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

Netflix Inc (NASDAQ: NFLX) shares dipped on Monday — even as the markets ended the day in the green — after a report indicated that the subscription video on demand service may be losing subscribers due to the controversy over “Cuties,” Fox Business reported.What Happened: The research firm YipitData, which authored the report, said the number of customers who didn’t renew their subscription began to increase after the film was released on the platform earlier this month, Fox Business noted.The daily subscriber churn at Netflix, as of Saturday, hit a multi-year high, with eight times more customers not renewing their …read more […]

(Bloomberg) — Sony Corp. has cut its estimated PlayStation 5 production for this fiscal year by 4 million units, down to around 11 million, following production issues with its custom-designed system-on-chip for the new console, according to people familiar with the matter.The Tokyo-based electronics giant in July boosted orders with suppliers in anticipation of heightened demand for gaming in the holiday season and beyond, as people spend more time at home due to the coronavirus. But the company has come up against manufacturing issues, such as production yields as low as 50% for its SOC, which have cut into its …read more […]

Not many traders truly understand how to trade an options spread…
But I’ve traded them – successfully – for decades.
In fact, I consider spreads one of the three core strategies I use to generate income from options.
And today, I break it down for you in the most simplistic way possible.
Check out the full breakdown below…

P.S. Strategies like spread trades make The War Room something unique and profitable. We’ve handed members an insane 76.77% win rate since we launched! Over that time frame, we’ve had a 10.04% average gain with an average holding period of seven days. And this year alone, we’re …read more […]

“Big city, big city nights
You keep me burning
Big city, big city nights
Always yearning.”
– Scorpions
Friday was the 19th anniversary of 9/11. As a native New Yorker, my heart broke on that awful day. But it was quickly filled with pride in how New Yorkers came together, rebuilt and made the city even better than it was before.
I LOVE New York. I always have. I grew up just outside the city. I’m a die-hard Yankees fan (and worked for the organization in college). But I’m also a long-suffering Knicks fan, so it evens out.
I lived in Manhattan right out …read more […]