Trading Ideas

The U.S. shale industry has been one of the hardest-hit sectors in oil, leaving many drillers struggling to keep their heads above water …read more […]

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Second-quarter corporate earnings season is beginning to wind down, but a host of retailers’ earnings results is still set to be a key focus this week. A slew of US housing reports will also be released, including data on housing starts, building permits and existing home sales. …read more […]

(Bloomberg) — Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property and banking empires that stretch back decades.That was until Covid-19, when the country’s low-key rubber industry — or more precisely, glove making — became one of the hottest on the planet.Wong Teek Son, who co-founded Riverstone Holdings Ltd. in the 1980s after working as a research chemist, last month became the fifth billionaire in the country from manufacturing gloves. He’s now worth $1.2 billion as shares of his company rallied almost sixfold from …read more […]

‘I can tell you that the data are remarkably clear that, on average, the stock markets, on average, corporate profits, do better during Democratic administrations than they do during Republican administrations,’ says Summers. …read more […]

Introduction To keep myself sharp and my skills honed, I routinely go to my library of investment books and re-read classics that have had an impact on me. This week I did a complete re-read of Joel Greenblatt’s classic “The Little Book That Beats The Market.” For any of you that are not familiar with the book, […] …read more […]

International Business Machines Corp (NYSE:IBM) was a growth stock, but today the main interest is the dividend yield. Currently, IBM yields over 5%. Very few stocks that are not REITs, MLPs, or BDCs, have a yield this high. Further, IBM recently raised the regular cash dividend for the 25th consecutive year making it a new Dividend […] …read more […]

Some much-needed optimism has made its way to the Street. The expectation that a vaccine against COVID-19 will be “widely distributed” by the middle of 2021 prompted an estimate revision from Goldman Sachs. Giving its projections for 2021 U.S. GDP a lift, the figure moves up from 5.6% to 6.2%. “We now expect that at least one vaccine will be approved by the end of 2020 and will be widely distributed by the end of 2021 Q2,” Goldman Sachs’ chief economist Jan Hatzius wrote in a note to clients. As for unemployment rates, the firm also anticipates an improvement, …read more […]

Contrarian Podcast and Breakout Point, today, and Dan David of Wolfpack Research was one of the presenters. He explained why he sees Remark Holdings Inc (NASDAQ:MARK) as a good short. Remark’s Stake In Sharecare, Ownership Of KanKan He said one of the most popular bull cases for Remark Holdings issued by promoters like David Portnoy, is […] …read more […]

Biotech stocks came under pressure in the week ended Aug. 14 amid mixed earnings news flow from the sector. FDA decisions scheduled for the week also produced adverse outcomes. Eagle Pharmaceuticals Inc (NASDAQ: EGRX) and Fennec Pharmaceuticals Inc (NASDAQ: FENC) received complete response letters for their respective regulatory applications, while a decision on Eton Pharmaceuticals Inc’s (NASDAQ: ETON) eye inflammation drug hadn’t come by the Aug. 10 decision date.The week, however, saw a signing spree by coronavirus vaccine developers, which stitched up manufacturing as well as supply deals.Here are the key catalysts for the unfolding week.ConferencesVirtual Keystone Symposia: Advances in …read more […]

Retail pharmacy chains Walgreens and CVS Health have been struggling to fight intense competition from Amazon and Walmart. They have also been under pressure due to decline in reimbursement rates and lower prices of generic drugs.Aside from enhancing their digital capabilities, Walgreens and CVS have been aggressively focusing on healthcare services to improve their revenues.Using the TipRanks’ Stock Comparison tool, we will compare these two drug store chains to see which stock offers the most compelling investment opportunity.Walgreens Boots Alliance (WBA)Even before the COVID-19 pandemic, Walgreens was finding it difficult to thrive due to a competitive retail environment and changing …read more […]

(Bloomberg) — Tech behemoths have been Wall Street’s obsession all year. But the tiniest of stocks have surreptitiously been making a comeback — in a big way.The Russell Microcap Index, whose members have a value of $300 million on average, is up more than 60% from this year’s stock-market lows, outperforming both the tech-heavy Nasdaq 100 and the S&P 500. The tiny-stock gauge is having its best month relative to the U.S. equity benchmark since September 2017.“The good-looking big boys and girls have been touted as the only game in town this year. These large, domestic, safe, easily recognized, fast-growing, …read more […]

Bernstein expects Apple’s services segment to generate double-digit revenue growth for at least 2 to 3 years as other parts of the tech giant’s business may grow at a slower pace.Nonetheless, Bernstein analyst Toni Sacconaghi reiterated a Hold rating on Apple (AAPL) with a price target of $400 (13% downside potential) .”While we see many of Apple’s existing businesses (e.g. App Store, iCloud, and Apple Music) decelerating to high single digit growth as incremental penetration/increased ARPU [average revenue per user] becomes more challenging, we believe there is significant runway (to $7-12B in annual revenues) from Apple’s new services, which could …read more […]

Alibaba’s fintech arm Ant Group has started the process to dual list in Shanghai and Hong Kong.The group, China’s biggest mobile payments company, has now made a preparatory filing with China’s securities regulator, according to a report from Reuters.Meanwhile China’s Caixin states that Ant Group is hoping to sell 10% of its shares on Shanghai’s Nasdaq-like STAR board and 5% on the Hong Kong Stock Exchange.BABA currently owns 33% of Ant, while Alibaba (BABA) co-founder and former executive chairman Jack Ma owns 8.8%, but with over 50% of voting power.According to Reuters, Ant is seeking a valuation of over $200B …read more […]

Billionaire Warren Buffett’s investment conglomerate Berkshire Hathaway built up a new position in Toronto-based miner Barrick Gold and continued to divest shares in a number of large US banks during the second quarter.According to a SEC filing released late on Friday, Berkshire (BRK.A) bought 20.9 million shares in Barrick Gold worth about $563.6 million. Following the disclosure, the stock surged 8.1% to $29.18 in after-market trading.Barrick shares (GOLD) have been on a steady gaining streak since mid-March appreciating some 45% this year, as surging gold prices have driven stock prices of gold miners to multi-year highs. This comes as the …read more […]