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Trading Ideas

How We Moved Ahead of the Brokers on Pinterest

Sometimes, you’re lucky enough to track the same exact move as a major brokerage house.
When this happens, and you’re quick enough to act, it could lead to immediate profits.
That’s exactly what happened this morning…
Last week, I started to introduce War Room members to the idea of getting positioned in Pinterest (NYSE: PINS) going into Christmas.
Specifically, on Friday at 10:17 a.m., I said…
Pinterest might be a nice play to own going into Christmas. Like that bounce off $24 support. This may be a play I add to my November call ledger. Tracking…
As a quick company description, Pinterest calls itself “a visual …read more […]

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Trading Ideas

UPDATE 1-FDA approves Vertex Pharma's combo treatment for cystic fibrosis

The U.S. Food and Drug Administration said on Monday it had approved Vertex Pharmaceuticals Inc’s three-drug combination for cystic fibrosis (CF), a rare genetic condition. The approval comes months ahead of the FDA’s previously announced action date in March, sending the drugmaker’s shares up 4.1% at $183.53 in late afternoon trading, before being halted for news pending. The treatment, Trikafta, is a combination of three drugs that target a defective protein responsible for the life-threatening disease that causes the build up of thick mucus in body parts such as the lungs and digestive tract. …read more […]

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Trading Ideas

San Jose to propose turning PG&E into giant customer-owned utility – WSJ

San Jose, California’s third-biggest city, is proposing to convert PG&E Corp into the country’s largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city’s mayor. Mayor Sam Liccardo said in an interview to the WSJ the city served by PG&E hopes to persuade other cities and counties in coming weeks to line up behind the plan. The plan is to strip PG&E of its status as an investor-owned company and turn it into a nonprofit, electric-and-gas cooperative, the report https://on.wsj.com/2JaJWJg added. …read more […]

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Business News

Trump praises U.S.-China trade talks as Beijing seeks billions in WTO case against U.S.

U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world’s two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.

…read more […]