Year: 2020

(Bloomberg) — A rare show of investor confidence in European unity is boosting the region’s stocks and currency at the same time, but equities’ good fortune could take a hit if the euro keeps climbing toward a pain threshold seen around $1.30, according to a Bloomberg survey.There is still some way before the single currency could reach the level that will pose a threat to the region’s earnings recovery, according to the majority of the 24 strategists and fund managers polled. However, the euro’s rally to a two-year high just shy of $1.20 this month has brought it back on …read more […]

Spot gold was up 0.4% at $1,936.64 per ounce by 0316 GMT. U.S. gold futures rose 0.6% to $1,943.20. “Realistically, we are probably a year or two away from the economy really recovering again,” said Stephen Innes, chief market strategist at financial services firm AxiCorp. …read more […]

News website Teslarati said https://bit.ly/2D6C5N5 that the electric carmaker was the unnamed company in a statement issued by the U.S. Department of Justice on Tuesday about a Russian national’s arrest, in connection with a planned attack on an unidentified company. “This was a serious attack,” Musk said in a tweet, in response to the Teslarati article. The Justice Department said https://bit.ly/3b3tyH1 that Egor Igorevich Kriuchkov, 27, a Russian national, was arrested and charged with conspiracy to intentionally cause damage to a protected computer by trying to recruit an employee to introduce a malware into a system. …read more […]

(Bloomberg) — Fear gauges for the S&P 500 and Nasdaq 100 indexes may be providing reasons for caution about the rally in U.S. stocks.The S&P 500 and Nasdaq 100 scaled new peaks Wednesday, but their respective measures of implied volatility also rose in tandem. Simultaneous increases in equity and volatility gauges are unusual, and a reason for concern for some. The pattern was repeated for the S&P 500 on Thursday.Wednesday was the first time in about two decades the Cboe Volatility Index — or VIX — rose more than 5% as the S&P 500 rose over 1% to a record, …read more […]

In sharp contrast to the semiconductor sector, chip giant Intel (INTC) has struggled in 2020. While the PHLX Semiconductor Sector Index (SOX) – the industry’s overall barometer – has added 20% of gains year-to-date, INTC shares have declined by 16%. The sharp drop is mostly on account of investors disappointment in delays to the release of the company’s next-generation 7nm chips, which have been moved back to 2022. Intel was already struggling to keep up with other high-flying semiconductor players such as Nvidia and AMD, but the latest delay has sent the stock into a tailspin as investors have wondered …read more […]

(Bloomberg) — Capital One Financial Corp. is cutting borrowing limits on credit cards, reining in its exposure as the U.S. reduces support for millions of unemployed Americans.The adjustments, which the company said it makes from time to time, set off a swift outcry on social media. Some customers have complained in recent days their limits have been slashed by a third to two-thirds, eroding their ability to borrow in an emergency during a pandemic or potentially hurting their credit scores.“Capital One periodically reviews accounts based on a variety of factors and may make changes to existing credit lines,” the company …read more […]

Posted by OFX AUD – Australian Dollar The Australian dollar drifted sideways throughout domestic trade on Thursday before bouncing through resistance and testing a break above 0.73 overnight. Direction across currency markets was largely muted in the lead up to Fed Chair Jerome Powell’s speech at the Jackson Hole Monetary Policy Symposium, … Continue reading “AUD spikes as fed adjusts its inflation management”The post AUD spikes as fed adjusts its inflation management appeared first on . …read more […]

Bryan and I often receive questions about our track record in The War Room. And we’re happy to share it with our members.
We’re damn proud of it.
Since The War Room’s inception in May of 2019, we have had an 80% win-loss rate, including the crash in March of this year. In fact, during the crash, our win-loss record was even better as Bryan went on a put buying tear.
Buried within our track record is an even better 100% winning streak, our put selling track record. So far, we have not been put even once, despite all the ups and downs.
The …read more […]

A deal can completely change the narrative for a company. This just might be the case for NIO (NIO), so says Morgan Stanley analyst Tim Hsiao.Back in April, the Chinese electric vehicle company inked a deal with the city of Hefei in which it secured a $1 billion investment from several state-owned companies in the city. As per the terms of the agreement, NIO set up its headquarters in Hefei. It should be noted that the company’s factory, which it operates along with Anhui Jianghuai Automobile Group, is already in Hefei.Weighing in on the implications, Hsiao stated, “Hefei government’s recent …read more […]

(Bloomberg) — Microsoft Corp. teamed up with Walmart Inc. in a contest with Oracle Corp. to buy the U.S. assets of the popular video-sharing app TikTok from China’s ByteDance Ltd.Oracle and Microsoft, with its new partner, both submitted bids in a deal that could come within the week, according to people familiar with the deliberations. Walmart would also own a stake in a newly spun off TikTok business, alongside Microsoft, the people said.Competing offers have been made in what augurs the closing process of a deal, although it will take longer for final details to be worked out, one person …read more […]

Editor’s Note: Today, Contributing Analyst Jody Chudley is sure to ruffle some feathers…
He’ll explain why one of the hottest stocks on the market today is nothing more than a gamble.
And not even a profitable one at that…
But if you want to turn the tables on this loaded market, you won’t want to miss this.
Our friend Andy Snyder at Manward Press has developed something unique…
A Quantitative Value Analysis System that helps investors find winning stocks using the same kind of technology an MIT mathematician developed to count cards in blackjack.
Tune in for his special Super Trader Rally on September 2 at …read more […]

My, how times have changed. Since soaring on promising Phase 1 data for its COVID-19 vaccine, NVX-CoV2373, that reaffirmed the best-in-class immunogenicity and reactogenicity profile, the waters have been choppy for Novavax (NVAX), with shares currently sitting well below its 52-week high. That said, 5-star analyst Mayank Mamtani, of B.Riley FBR, believes the recent weakness presents investors with a unique buying opportunity.“We argue against the prevailing bearish sentiment on NVAX potentially falling behind in the second wave of COVID-19 vaccine candidates given the Phase 3 initiation timeline in early October, which might follow a surprise pre-Phase 3 Emergency …read more […]

(Bloomberg) — Okta Inc. shares slipped after Chief Executive Officer Todd McKinnon said the company is being cautious in the midst of an economic downturn and lingering global pandemic.“We’re still being prudent about the rest of the year and the macroeconomic consequences ahead of us,” he said in an interview. “Headwinds to the business will be a little stronger in the second half.”The CEO noted that 11% of Okta’s customers have been negatively affected by Covid-19. Large enterprises have shown more demand than small and mid-sized companies, he added.Otka shares dropped about 5% in extended after closing at $218.44 in …read more […]

Major airlines are ringing the alarm bell on potential layoffs, hoping to jolt the White House and Congress into finding a way to rescue them. …read more […]

Dr. Soren Christiansen, former Head of Vaccines at Merck and CEO of Sharps Technology, joined The Final Round to discuss the latest developments regarding a COVID-19 vaccine and his thoughts on the FDA approving Abbott’s rapid coronavirus test. …read more […]