Articles by Editor

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Portnoy Slams Deutsche Bank for ‘Wrong’ Call on Penn National

October 1, 2020 Editor Comments Off on Portnoy Slams Deutsche Bank for ‘Wrong’ Call on Penn National

(Bloomberg) — Barstool Sports founder Dave Portnoy took to Twitter to slam Deutsche Bank analyst Carlo Santarelli on his cautious view of Penn National Gaming Inc., a 36% equity-stake holder of Barstool.Portnoy tweeted a question to CNBC host Jim Cramer: “Do analysts ever get fired for being catastrophically wrong?” Santarelli has the lone sell rating on Penn National and his 12-month share price estimate is about 57% below where it currently trades. Penn National’s stock which closed at $72.70 on Wednesday, climbed as much as 3.1% today.Santarelli earlier reiterated his bearish view on Penn National, writing that there are “a …read more […]

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Profit From Wall Street’s Second-Favorite Stock

October 1, 2020 Editor Comments Off on Profit From Wall Street’s Second-Favorite Stock

Back in August, I recommended Coupa Software Inc. (Nasdaq: COUP), a cloud-based business spending platform. At the time, the stock was down around 12% from its highs but still up 92% year to date. It was performing so well that it was considered the second-favorite stock of the smart money on Wall Street.
That gave us swing traders a golden opportunity.
So how did this swing trade fare?

It delivered a double-digit gain within 10 days.
Check out my video update on this trade here. And stay tuned for new swing trade recommendations.
Good investing,
Nicholas
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Trump Moves to Expand Rare Earths Mining, Cites China Threat

October 1, 2020 Editor Comments Off on Trump Moves to Expand Rare Earths Mining, Cites China Threat

(Bloomberg) — President Donald Trump signed an executive order aimed at expanding domestic production of rare-earth minerals that are vital to many critical manufacturing sectors, in an effort to reduce dependence on China.The order, which declares a national emergency in the mining industry, directs the Interior Department to explore using the Defense Production Act to hasten the development of mines. The administration has previously used the law to accelerate production of medical supplies during the coronavirus pandemic.The president’s actions are a direct consequence of China’s dominance of the sector for decades, said Gavin Wendt, a senior resource analyst at MineLife …read more […]

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Analysts Say These 3 Stocks Are Their Top Picks for 2021

October 1, 2020 Editor Comments Off on Analysts Say These 3 Stocks Are Their Top Picks for 2021

As the fourth quarter began, it’s a sensible time to start lining up stocks for the coming year. The investing environment is unsettled, at the least, with the coronavirus still behaving unpredictably, the election around the corner, and a strong, but somewhat unsteady, economic recovery in progress after the summer’s sharp recessionary pressures. It’s no wonder, then, that investors welcome the professional insight of Wall Street’s stock analysts.Those analysts have been working overtime through this eventful year, and with 2021 around the corner, they are starting to point out their best ideas for the new year. We used the TipRanks …read more […]

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Boeing to move 787 production to South Carolina in 2021

October 1, 2020 Editor Comments Off on Boeing to move 787 production to South Carolina in 2021

Boeing Co said on Thursday it will move the rest of its 787 Dreamliner production to South Carolina in 2021, a cost-cutting strategy that raises questions over the future its giant Everett plant north of Seattle. Reuters first reported on Sept. 21 that Boeing was near a decision to move Dreamliner production to South Carolina as its strategy of supporting two plants has been severely tested by the coronavirus slump in international travel, on top of a cyclical downturn in demand for big jets. As recently as last year, Boeing was making record numbers of 787s at its …read more […]

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Bed Bath & Beyond Is on the Verge of an Epic Comeback

October 1, 2020 Editor Comments Off on Bed Bath & Beyond Is on the Verge of an Epic Comeback

(Bloomberg Opinion) — In many cases, the pandemic has served to entrench the previously existing winners and losers in the retail sector. Chains such as Macy’s Inc. and Kohl’s Corp., already deeply challenged before the public health crisis, look no closer to a turnaround. Walmart Inc. and Target Corp., meanwhile, have solidified their dominance with turbocharged sales. Against that backdrop, the latest quarterly earnings results from Bed Bath & Beyond Inc. stand out, because they show the long-suffering home goods chain to be in comeback mode. Bed Bath & Beyond, which also owns stores such as Buybuy Baby …read more […]