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SoftBank Shares Climb to 20-Year High

(Bloomberg) — SoftBank Group Corp. shares climbed to their highest in two decades, a sign founder Masayoshi Son is recovering from a rocky year marked by setbacks from the coronavirus and losses at startups such as WeWork.SoftBank rose for the eighth day in a row to finish at 6,955 yen, the highest since March of 2000. The stock had breached 6,900 yen in August before revelations that Son had begun trading options on tech stocks, a potentially risky endeavor that spooked some investors.After a record fall in its share price in March, SoftBank unveiled plans to offload 4.5 trillion yen …read more […]

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U.S. Stock Futures Advance as Investors Weigh Stimulus Talks

(Bloomberg) — U.S. index futures rose as investors assessed the progress of a stimulus plan and a House panel proposal for far-reaching antitrust reforms to curb the power of American technology giants.Fresh comments from U.S. President Donald Trump calling for support for airlines and the Paycheck Protection Program helped reverse earlier losses. December contracts on the S&P 500 Index added 0.3% as of 6:41 a.m. in London, rebounding from a 0.6% loss. Futures on the Nasdaq 100 Index advanced 0.4%, erasing a drop of as much as 0.6%.“So there is still some stimulus perhaps coming before the election,” said Ben …read more […]

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Trump’s Tweet Storm Is Swaying Global Markets Again

(Bloomberg) — Global markets were whipsawed in the early hours of Wednesday after President Donald Trump unleashed a barrage of sometimes conflicting Twitter posts.U.S. stocks slumped Tuesday while Treasuries surged after Trump tweeted that he had decided to halt stimulus talks. His posts during Asian hours on Wednesday — calling for support for airlines and the Paycheck Protection Program — helped erase losses in U.S. stock futures and Japanese shares. Most Asian currencies crept lower amid uncertainty over the next round of U.S. stimulus. In total, Trump tweeted or retweeted just under 40 times in the space of two hours.Trump …read more […]

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China’s Building Mega Refineries Just as Fuel Demand Stalls

(Bloomberg) — China is investing tens of billions of dollars in new mega-refineries even as its fuel demand is expected to peak within five years, raising the risk it will flood the region with cheap exports.At least four projects with about 1.4 million barrels a day of crude-processing capacity, more than all refineries in the U.K. combined, are under construction. That’s after the country already added 1 million barrels since the start of 2019. All that capacity will add more petroleum products and plastics just as China National Petroleum Corp. sees fuel demand peaking in 2025 as electric vehicles sap …read more […]

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Here is What Hedge Funds Really Think About BlackBerry Limited (BB)

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Trump urges Congress to provide $25 billion bailout for U.S. airlines

U.S. President Donald Trump said late on Tuesday Congress should quickly extend $25 billion in new payroll assistance to U.S. passenger airlines furloughing thousands of workers as air travel remains down sharply amid the coronavirus pandemic. Trump’s new demand came hours after he announced his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds, a move that appeared to scuttle a new $25 billion bailout for U.S. passenger airlines to keep tens of thousands of workers on the job for another six months. …read more […]

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Oil prices fall as Trump cancels aid talks, U.S. crude stockpiles rise

Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected increase in U.S. crude inventories. U.S. West Texas Intermediate (WTI) crude oil futures fell 81 cents, or 2%, to $39.86 a barrel by 0411 GMT while Brent crude futures fell by 70 cents, or 1.6%, to $41.95 a barrel. “Crude prices got hammered with one-two punch after President Trump sent all risky assets into freefall after ending negotiations on fiscal stimulus and after US crude stockpiles posted their first build in four …read more […]

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Teva Gets a Head Start Over Rivals With Launch of HIV Generics; Analyst Says ‘Buy’

Teva Pharmaceutical (TEVA) is not a company immune to controversy, but one long standing overhang might have just been removed.Last week, the global generics pharma company announced the launch of the first FDA-approved generic versions of Gilead Sciences’ HIV treatments Truvada and Atripla.The launch brings to an end a patent case which stretches back to September 2018, one which Raymond James analyst Elliot Wilbur calls “one of the lengthier PIV battles in recent memory.”In addition to being able to tap into a lucrative market – Truvada generated global sales of $753 million in the first half of 2020, while Atripla …read more […]

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Nokia (NOK): 100 5G Deals Fail to Cover up One Big Miss

With the ramping up of global 5G networks, Nokia (NOK) is staking a claim to be one of the field’s main players. The Finnish company was once one of the world’s leading mobile phone makers, but that was long ago and over recent years has reinvented itself as a telecom equipment provider. The move appears to be paying off as it has just notched its 100th 5G deal.While Raymond James analyst Simon Leopold considers hitting the milestone as “great progress,” the analyst has reservations about Nokia becoming one of the leaders in an industry expected to boom as the new …read more […]

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Do Hedge Funds Love Virgin Galactic Holdings, Inc. (SPCE)?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Hedge Funds Are Coming Back To Pacific Biosciences of California, Inc. (PACB)

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 […]

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Sole survivor? Saudi Arabia doubles down on oil to outlast rivals

The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. With almost 20% of the world’s proven reserves and production costs of just $4 a barrel, Aramco believes it can undercut competitors and carry on making money even when lower oil prices make it unprofitable for rivals, the sources said. Riyadh now plans to follow through on its apparent threat in March during an oil price war with Russia to raise its capacity …read more […]

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Two Things Every Trader Needs

I’m really excited for today’s new video because I bring in my trading partner, Karim Rahemtulla.
Together, Karim and I make the perfect team.
And in this interview, we tell you the two most important things that every trader needs.
If you have these two things on your side, you’ll make more money than you ever dreamed possible.
Here’s why…

Our strategies make The War Room something unique and profitable. We’ve handed members an insane 76.95% win rate since we launched!
Over that time frame, we’ve had a 10.04% average gain with an average holding period of just over seven days. And this year alone, on …read more […]