Articles by admin

(Bloomberg) — Nasdaq 100 futures rallied during the Asia session as investors took a breather from a rout in U.S. technology shares and factored in a report that a Covid-19 drug trial was paused.Nasdaq 100 futures gained 0.6% as of 11:25 a.m. in Tokyo, erasing an earlier slide of 1.1%. Contracts on the S&P 500 were little changed, after falling as much as 1.2%. Shares in exchange-traded funds that track the S&P 500 and Nasdaq 100 indexes had turned sharply lower after STAT said AstraZeneca Plc has put on hold a Phase 3 study testing a Covid-19 vaccine.“During the cash …read more […]

Tesla Inc (NASDAQ: TSLA) shares fell over 21% at Tuesday’s closing — marking the worst day of declines for the automaker after it was left out of the prestigious S&P 500 index.What Happened: The decline in the Elon Musk-led company shares’ trading price saw its market valuation fall $82 billion to $307.7 billion. The stock has risen nearly 295% year-to-date.Even though Tesla has achieved four consecutive quarters of profitability as of its July results, the company failed to make it to S&P 500.This week, the company sold $5 billion in new stock in order to raise capital.In late August, the …read more […]

The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election. “This is a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials,” the company said in an emailed statement. …read more […]

(Bloomberg) — SoftBank Group Corp. slid as much as 7.1% Wednesday, taking losses to about 14% this week after the Japanese conglomerate made substantial bets on equity derivatives in tech stocks before a broad sector selloff.The Japanese company touched a low of 5,432 yen in Tokyo morning trade. It has shed roughly $17 billion of market value since Monday as SoftBank’s big bets on high-flying tech stocks from Amazon.com Inc. to Alphabet Inc. spooked investors.Investors are grappling with recent market turbulence, assessing whether the pullback for equities is a sign of market health or the start of a larger drawdown …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

Today’s video shows you the one (and only) chart pattern you’ll ever need to know.
The benefits are remarkable…

It generates tens of millions in profit opportunities every day.
It can pay off in 15 minutes (sometimes less).
It happens hundreds of times every trading session.
You’ve most likely never used it (until now).

If you want to make fast profits…
Consistently… day after day… year after year…
No matter which direction stocks are moving…
There’s only one chart pattern you need to know…
And it’s revealed to you – right here.

For trading insights and real-time recommendations, join me in The War Room now!
The post The One (and Only) Chart …read more […]

(Bloomberg) — High-yield bond default rates may double as companies struggle with a protracted economic downturn even as the Federal Reserve props up valuations, said Jeffrey Gundlach.The investment grade corporate debt market has skewed toward lower quality BBB- rated debt, but if just 50% of that were to be downgraded it could fuel a near doubling of the high-yield market, Gundlach said Tuesday on a webcast for his firm’s flagship DoubleLine Total Return Bond Fund.Gundlach’s views reflect broad skepticism about the market’s connection to economic realities. He criticized the Fed’s emergency actions as buoying asset prices and spurring unsustainable corporate …read more […]

(Bloomberg Opinion) — As investors fret over whether high-flying technology stocks have gotten too frothy, the recent volatility isn’t scaring away Warren Buffett’s Berkshire Hathaway Inc. — at least not when it comes to getting in on the ground floor of what may be one of the year’s most sought-after tech IPOs. Yes, you read that correctly.Snowflake Inc., a fast-growing cloud-software and data-warehousing company, filed an amended offering prospectus Tuesday that revealed Berkshire will buy roughly $250 million of Snowflake shares at its IPO price and an additional 4 million shares from another stockholder. The two transactions add up to …read more […]

On August 30, Bill Gates publicly wished Warren Buffett a happy 90th birthday.
In doing so, he shared one of the most important lessons he has learned from Buffett: what friendship is all about.
As Buffett himself put it…
You will move in the direction of the people that you associate with. So it’s important to associate with people that are better than yourself.
The friends you have will form you as you go through life. Make some good friends, keep them for the rest of your life, but have them be people that you admire as well as like.
Personally, I’ve never met …read more […]

Stock futures fell Tuesday evening, after another drop in tech names dragged the three major indices to their lowest closing level in one month. …read more […]

In this article on election stocks to buy, master stock trader Bryan Bottarelli reveals the one trade you MUST make before the November election.

It surrounds something that might make you uncomfortable, and that honestly, I’d rather not have to talk about…but it’s a reality in the world we live in today.
This particular election stock to buy is closely related to self-defense and all of the social unrest we’re seeing in our society as of late. Right now, I think we MUST place a larger emphasis on companies that gain investor attention during times of social unrest.
Leading into the November election, …read more […]

Workplace collaboration app Slack posted fiscal second-quarter earnings after the bell on Tuesday, and although it reported better-than-expected revenue, the company missed on quarterly billings, posting $218.2 million vs. the expected $232.9 million. Myles Udland breaks down the company’s report on The Final Round. …read more […]

Shares of Nikola and GM surged Tuesday after announcing that GM would invest $2B in Nikola, holding a 11% stake in the electric vehicle company. GM will engineer and produce Nikola’s ‘Badger’ pickup. The Final Round panel breaks down the details …read more […]

We’re entering my favorite time of year.
It’s not my favorite because I love fall or the cornucopia of pumpkin-spice-flavored goodies. Or because I’m a fan of winter. (In fact, I hate all those things.)
I love this time of year because it’s the busiest season for trend traders like me.
And despite the pandemic’s best efforts, the world hasn’t ground to a halt. Life adapts and pushes forward. We’ve witnessed this time and time again this year.
That’s why I believe that as we dive headlong into the final two quarters of 2020 (thankfully!), we’re going to experience record spending poised to reward …read more […]

(Bloomberg) — Elon Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.The electric-carmaker fell 21% in New York trading — the most ever — on news of a partnership between competitors Nikola Corp. and General Motors Co., deepening a sell-off that began last week after it was snubbed for inclusion in the S&P 500 index.The world’s wealthiest people have lately seen wild swings in their net worth as retail traders accelerate buying and selling in stocks. Amazon.com Inc’s Jeff Bezos lost $7.9 billion Tuesday, …read more […]