Trading Ideas
Starbucks Earnings: Sales beat expectations, but closes more than half of China stores amid coronavirus
The coffee giant’s comp sales beat expectations. …read more […]
Articles by admin
Business News
Blink and you missed it: the U.S. yield curve inverted again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.
Trading Ideas
Blink and you missed it: the U.S. yield curve inverted again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight. An inverted yield curve has historically been an indicator of looming recession as it tends to reflect worries over future growth among bond investors. “The state of the U.S. economy seems to be steady as she goes,” said Michael Lorizio, senior fixed income trader at Manulife Asset Management. …read more […]
Trading Ideas
Xerox Surpasses 4th-Quarter Estimates and Continues HP Bid
The printing products company posts earnings beat, but its bid for HP hits a wall Continue reading… …read more […]
Trading Ideas
Flutter Entertainment Is a Small Cap Winner in the $150 Billion Sports Betting Sector
Sports gambling… It’s here to stay.
According to the American Gaming Association, $150 billion is bet – illegally – on sports each year.
But starting now, various states across the country are getting set up to legalize sports gambling so they can collect tax revenue on it.
As investors, this presents us with an opportunity…
Which companies will emerge as the winners in this new, legalized sports betting environment?
That’s the focus of today’s Trade of the Day… because I have one name that I’d like you to put on your speculative radar, and I believe it’s best positioned to capitalize on this emerging trend.
This …read more […]
Trading Ideas
GE profits will suffer when Boeing’s 737 MAX returns, analyst explains
General Electric reports earnings tomorrow. JPMorgan’s Stephen Tusa said the eventual return of Boeing’s 737 Max could hurt GE’s bottom line. …read more […]
Business News
Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO
Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in northeast Ohio, Chief Executive Steve Burns told Reuters.
Business News
Oil edges up as stock markets rebound after virus-related selloff
Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.
Business News
Global stocks rebound in broad rally, safe-havens lose luster
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less pessimistic view of the potential economic fallout from China’s coronavirus outbreak.
Trading Ideas
Get ready for the Bernie Sanders selloff
If Sanders wins big in Iowa, markets will have to reckon with his anti-business agenda. …read more […]
Business News
Harley-Davidson’s sales growth struggle sends shares tumbling
Harley-Davidson Inc on Tuesday reported a decline in quarterly motorcycle revenue that outpaced Wall Street’s estimates as retail sales in the United States dived again, sending its shares lower.
Business News
High expectations for Tesla, and a long way to go to match rivals’ steady profit
Buckle up. Tesla’s quarterly report could be another wild ride for investors.
Business News
U.S. economy on path to ‘solid’ 2020 growth; budget deficits to top $1 trillion
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
Business News
United cancels flights to China as Facebook, others avoid travel on virus fears
United Airlines Holdings Inc is cancelling some flights to China as Facebook Inc and other global companies restrict travel to the country, with concerns over a flu-like virus deepening.
Business News
Canada, isolated over Huawei 5G, is studying British decision
Canada, the only member of an elite intelligence-sharing network yet to decide whether to allow the use of Huawei Technologies Co Ltd 5G technology, on Tuesday said it was studying Britain’s decision not to ban the Chinese telecoms giant from the West’s next-generation communications.