Trading Ideas
Is There An Opportunity With Momo Inc.'s (NASDAQ:MOMO) 44% Undervaluation?
Today we will run through one way of estimating the intrinsic value of Momo Inc. (NASDAQ:MOMO) by taking the foreast… …read more […]
Articles by admin
Trading Ideas
Gold Rally Foiled Again as Payrolls Torpedo Weekly Gain
(Bloomberg) — Just when it looked like gold’s rally had gotten back on track, the U.S. payrolls report came along.The number of jobs added to the economy jumped 266,000 last month, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs.Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the metal as a haven. That weakens the case for more cuts on U.S. borrowing costs, further damping the appeal of the non-interest-bearing precious …read more […]
Trading Ideas
Hedge Funds Are Piling Into PPL Corporation (PPL)
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […] …read more […]
Business News
Exclusive: China’s SenseTime expects $750 mln 2019 revenue despite U.S. ban – sources
Chinese artificial intelligence (AI) start-up SenseTime, which Washington put on a trade blacklist in October, expects its 2019 revenue to increase by more than 200% year-on-year to around $750 million, two sources familiar with the matter said.
Business News
Trade war goes digital: countries eye tariffs on Internet economy
A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing people to pay duties on software and movie downloads.
Business News
U.S. nonfarm payrolls increase by the most in 10 months
U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors’ payrolls and the healthcare industry stepped up hiring, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.
Business News
Instant View: U.S. November payrolls up by most in 10 months
U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors’ payrolls and the healthcare industry stepped up hiring, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.
Business News
What deeper OPEC+ oil output cuts mean for the market
OPEC and allied oil producers plan deeper oil output cuts to help avert oversupply and support prices in the first quarter of 2020.
Trading Ideas
UPDATE 1-Correvio slips after FDA staffers say benefits of heart drug do not outweigh risks
U.S. Food and Drug Administration staffers reviewing Correvio Pharma Corp’s heart drug said on Friday they did not believe the benefits offered by the therapy outweighed its risks, sending the company’s shares down 14%. The drug, Brinavess, approved in several other counties including Europe and Canada, aims to correct erratic heart rhythm in the upper chambers of the heart due to a condition known as atrial fibrillation or AFib. Although Correvio has provided sufficient evidence of the drug’s benefit, Brinavess comes with “serious liabilities” including low blood pressure, irregular heartbeats in the lower heart chambers, and death, the …read more […]
Business News
Aston Martin CEO says shareholders in it for the long-term, not soliciting participation
Aston Martin’s two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm’s boss said on Friday after a media report said Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake.
Trading Ideas
Retail Stocks
Contrary to what you may have heard, physical retail isn’t dead. True, some retailers have struggled mightily in the wake of rapid industry disruption by Amazon (Nasdaq: AMZN) and the rise of e-commerce. But there are plenty of investment opportunities available to you when it comes to retail stocks.
Perhaps no activity belongs to the fabric of what it is to be America more than shopping does. Whether done in traditional brick-and-mortar stores or through online portals, Americans will continue to shop in any foreseeable future. So expect retail stocks to continue producing profits for you for many years to come.
What …read more […]
Business News
Aston Martin opens new factory to build key first SUV
Aston Martin opened a new factory in Wales on Friday which will build the British automaker’s first sport utility vehicle, key to its hopes of a turnaround after a poor performance this year sent shares tumbling.
Business News
Saudi Aramco shares to start trading December 11: Tadawul exchange
Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.
Trading Ideas
Stock market news: December 6, 2019
Stock futures edged up Friday morning ahead of the release of the Labor Department’s November jobs report. …read more […]
Business News
Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut
The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve’s policy-setting panel as part of its annual membership reshuffle.