Articles by admin

No Picture
Trading Ideas

Nikola, short seller Hindenburg clash over critical report

September 10, 2020 admin Comments Off on Nikola, short seller Hindenburg clash over critical report

Hindenburg accused Nikola’s founder Trevor Milton of nepotism and said it has gathered enough evidence to show that Milton made false statements to form partnerships with large automakers. The short-seller said Milton appointed his brother, Travis, to lead the Hydrogen Production/Infrastructure unit, despite not having any substantial experience related to the sector. “Nikola has been vetted by some of the world’s most credible companies and investors”, the company said in a statement. …read more […]

No Picture
Trading Ideas

Tesla is a 'cult stock,' according to this strategist 'nothing changed fundamentally after the stock split'

September 10, 2020 admin Comments Off on Tesla is a 'cult stock,' according to this strategist 'nothing changed fundamentally after the stock split'

Art Hogan, Chief Market Strategist at National, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what’s moving the markets on Thursday morning. Hogan also weighs in on the future of real estate, especially in major cities. …read more […]

No Picture
Trading Ideas

Wells Fargo: 3 Stocks That Could Climb Over 50%

September 10, 2020 admin Comments Off on Wells Fargo: 3 Stocks That Could Climb Over 50%

A speculative fever from the bulls pushed the market to historic heights, but have the bears now been vindicated? Following a record breaking five-month rally, stocks have dipped from their record highs. The recent decline had been preceded by warnings, which had been making the rounds for weeks, that a reality check was overdue. Weighing in for Wells Fargo, senior global equity strategist Scott Wren stated, “We have not had much give back in this gigantic run that we’ve had. So inevitably the stock market sell-off was bound to happen.” This, however, is not to say that exciting plays …read more […]

No Picture
Trading Ideas

Citi names Jane Fraser as first female CEO of a major U.S. bank, Michael Corbat to retire in February 2021

September 10, 2020 admin Comments Off on Citi names Jane Fraser as first female CEO of a major U.S. bank, Michael Corbat to retire in February 2021

On Thursday, Citigroup, Inc. announced its current CEO Michael Corbat plans to retire in February of 2021. In his place, the major U.S. bank named Jane Fraser, President of Citi and the Chief Executive Officer of Global Consumer Banking. Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous to discuss. …read more […]

No Picture
Trading Ideas

Options market signals bumpy ride for Tesla shares

September 10, 2020 admin Comments Off on Options market signals bumpy ride for Tesla shares

Tesla shares edged up on Thursday in U.S. premarket trade, extending a recovery from this week’s drop, but analysts see a bumpy ride ahead as an extreme build-up in derivative positions caps the stock and precludes a full rebound. Tesla shares shed 21% on Tuesday – their biggest one-day percentage drop on record – after the stock’s surprise exclusion from the S&P 500 . The selloff early this week wiped out $75 billion dollars off the company’s market value, exacerbated by the hedges built around massive betting on Tesla options by retail and institutional traders during the …read more […]

No Picture
Trading Ideas

Hedge Funds Never Been This Bullish On First Horizon National Corporation (FHN)

September 10, 2020 admin Comments Off on Hedge Funds Never Been This Bullish On First Horizon National Corporation (FHN)

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 […]