Trading Ideas

(Bloomberg Opinion) — As investors fret over whether high-flying technology stocks have gotten too frothy, the recent volatility isn’t scaring away Warren Buffett’s Berkshire Hathaway Inc. — at least not when it comes to getting in on the ground floor of what may be one of the year’s most sought-after tech IPOs. Yes, you read that correctly.Snowflake Inc., a fast-growing cloud-software and data-warehousing company, filed an amended offering prospectus Tuesday that revealed Berkshire will buy roughly $250 million of Snowflake shares at its IPO price and an additional 4 million shares from another stockholder. The two transactions add up to …read more […]

On August 30, Bill Gates publicly wished Warren Buffett a happy 90th birthday.
In doing so, he shared one of the most important lessons he has learned from Buffett: what friendship is all about.
As Buffett himself put it…
You will move in the direction of the people that you associate with. So it’s important to associate with people that are better than yourself.
The friends you have will form you as you go through life. Make some good friends, keep them for the rest of your life, but have them be people that you admire as well as like.
Personally, I’ve never met …read more […]

Stock futures fell Tuesday evening, after another drop in tech names dragged the three major indices to their lowest closing level in one month. …read more […]

In this article on election stocks to buy, master stock trader Bryan Bottarelli reveals the one trade you MUST make before the November election.

It surrounds something that might make you uncomfortable, and that honestly, I’d rather not have to talk about…but it’s a reality in the world we live in today.
This particular election stock to buy is closely related to self-defense and all of the social unrest we’re seeing in our society as of late. Right now, I think we MUST place a larger emphasis on companies that gain investor attention during times of social unrest.
Leading into the November election, …read more […]

Workplace collaboration app Slack posted fiscal second-quarter earnings after the bell on Tuesday, and although it reported better-than-expected revenue, the company missed on quarterly billings, posting $218.2 million vs. the expected $232.9 million. Myles Udland breaks down the company’s report on The Final Round. …read more […]

Shares of Nikola and GM surged Tuesday after announcing that GM would invest $2B in Nikola, holding a 11% stake in the electric vehicle company. GM will engineer and produce Nikola’s ‘Badger’ pickup. The Final Round panel breaks down the details …read more […]

We’re entering my favorite time of year.
It’s not my favorite because I love fall or the cornucopia of pumpkin-spice-flavored goodies. Or because I’m a fan of winter. (In fact, I hate all those things.)
I love this time of year because it’s the busiest season for trend traders like me.
And despite the pandemic’s best efforts, the world hasn’t ground to a halt. Life adapts and pushes forward. We’ve witnessed this time and time again this year.
That’s why I believe that as we dive headlong into the final two quarters of 2020 (thankfully!), we’re going to experience record spending poised to reward …read more […]

(Bloomberg) — Elon Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.The electric-carmaker fell 21% in New York trading — the most ever — on news of a partnership between competitors Nikola Corp. and General Motors Co., deepening a sell-off that began last week after it was snubbed for inclusion in the S&P 500 index.The world’s wealthiest people have lately seen wild swings in their net worth as retail traders accelerate buying and selling in stocks. Amazon.com Inc’s Jeff Bezos lost $7.9 billion Tuesday, …read more […]

No, we’re not hitting the end of a second dot-com bubble. …read more […]

On Tuesday, nine top drugmaker companies – such as Merck, Pfizer, and Johnson and Johnson – announced that they all pledge to uphold ‘safety’ and ‘integrity’ as the rush for a coronavirus vaccine is worrying health officials about the potential consequences of their studies. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]

Investors are signalling that maybe the old warrior has some fight left. …read more […]

Explosive seems like the only word that adequately describes Trillium Therapeutics’ (TRIL) gains in 2020. The immuno-oncology company has taken off on an upward trajectory, and is up by a whopping 833% year-to-date. However, over the last few days, shares have experienced a pullback. Does the sell-off indicate the tides are turning?No, says JonesTrading’s Soumit Roy. In fact, the five-star analyst argues any weakness presents investors with a chance to get in on the action.What exactly is behind his bullish thesis? Part of Roy’s excitement is related to I-Mab’s recently announced partnership with AbbVie. The agreement, which will see AbbVie …read more […]

Lululemon released its second quarter earnings report after hours on Tuesday, beating investors’ estimates on both revenue and earnings per share. The company announced that it would not be providing any detailed guidance for its 2020 fiscal year, with the CEO telling investors he was ‘cautiously optimistic’ for the second half the year. Yahoo Finance’s Myles Udland breaks down the fitness brand’s earnings report on The Final Round. …read more […]

Workplace collaboration app Slack posted fiscal second-quarter earnings after the bell today. The company has been seen as a winner during the coronavirus pandemic, as entire workforces have had to mobilize online. …read more […]

Berkshire is expected to purchase another 4 million shares from a stockholder in a secondary transaction. …read more […]