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Trading Ideas

U.S. Senator Blumenthal demands AT&T drop push for ad-subsidized cellphone plans

September 18, 2020 admin Comments Off on U.S. Senator Blumenthal demands AT&T drop push for ad-subsidized cellphone plans

The request on Friday afternoon follows a Reuters interview with AT&T Chief Executive John Stankey this week in which he discussed a plan to discount cellphone bills as early as a year from now. While Stankey said AT&T was not yet announcing a new product available to consumers, he discussed how the company was building toward such an offer as it doubles down on the advertising business. “Consumers expect that their phone and broadband providers are not spying on their phone calls and web browsing or using their private data for commercial gain,” Blumenthal, Democrat, wrote in …read more […]

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General Electric (GE) Has Fallen 26% in Last One Year, Underperforms Market

September 18, 2020 admin Comments Off on General Electric (GE) Has Fallen 26% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of GDS Investments top stock picks. GDS Investments, an investment management firm, is bullish on General Electric Co (NYSE:GE) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its […] …read more […]

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Cathie Wood’s Fund Bought More Tesla After Shares Got ‘Slapped’

September 18, 2020 admin Comments Off on Cathie Wood’s Fund Bought More Tesla After Shares Got ‘Slapped’

(Bloomberg) — The record plunge in Tesla Inc. that shaved $82 billion from its value in just one day dragged down Cathie Wood’s innovation ETF. For her, the rout in the fund’s biggest holding was the perfect reason to buy even more.“I was happy to see it get slapped,” Wood said of Tesla’s shares. “We wait for those sorts of days where there is outright fear. If we think the stock has dropped enough, we’ll move in, and we did.”Tesla plunged 21% earlier this month after missing out on being included in the S&P 500 and on news of a …read more […]

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Perelman Selling Almost Everything as Pandemic Roils His Empire

September 18, 2020 admin Comments Off on Perelman Selling Almost Everything as Pandemic Roils His Empire

(Bloomberg) — Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.He’s unloaded his stake in Humvee-maker AM General, sold a flavorings company that he’d owned for decades and hired banks to find buyers for stock he holds in other companies.What in the world is going on with Ron Perelman? His exploits on and off Wall Street have been tabloid …read more […]

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Trending Stocks: What Are They and How Do You Spot Them?

September 18, 2020 admin Comments Off on Trending Stocks: What Are They and How Do You Spot Them?

There is some confusion around the concept of trending stocks, because they can mean different things in different contexts. So the first thing we need to clarify is what we mean when we use that phrase.
One way people talk about trending stocks is by referring to stocks that are moving in a generally upward or downward direction over a certain period of time. When the stock is moving upward, we can say it’s trending up. When it’s moving downward, we can say it’s moving down.
Sometimes, the phrase is actually referring to stocks with heavy trading volume, which means it’s a …read more […]