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Exclusive: China ramps up U.S. oil purchases ahead of trade deal review – sources

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war. Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China’s purchases are trending well short of purchase commitments under the Phase 1 of the trade deal. China had emerged as a top U.S. crude buyer, taking $5.42 billion …read more […]

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Wells Fargo: 3 Strong Value Stocks to Buy Now

So much is uncertain these days. The coronavirus has came back, but the ‘second wave’ already shows signs of fizzling out. China was in the headlines again recently, as President Trump promised to ban Tik Tok from US access unless it was purchased by a US company. With the November election less than three months away, no one can truly say what the political landscape will look like come year’s end. And to top it off, we don’t even really know how our kids will be going back to school. By remote? In person? It all comes back to the …read more […]

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Bill Miller is Betting on Genworth Financial (GNW) Stock

Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Opportunity Equity Fund posted a return of 47.02% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned 20.54% in the same quarter. You should check out Miller Value Partners’ top […] …read more […]

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Here’s Why DXC Technology (DXC) Stock is an Attractive Pick for Investors

Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter, Deep Value Strategy led the overall marketplace and S&P 1500 Value index, generating returns in excess of 50%. You should check out Miller Value Partners’ top 5 stock picks for investors to buy […] …read more […]

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Why Bed Bath & Beyond (BBBY) Stock is a Compelling Investment Case

Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter, Deep Value Strategy led the overall marketplace and S&P 1500 Value index, generating returns in excess of 50%. You should check out Miller Value Partners’ top 5 stock picks for investors to buy […] …read more […]

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German officials traded Wirecard shares as it edged towards collapse

German regulatory officials bought and sold Wirecard shares in ever higher volumes as the payments company edged towards collapse, the German government has revealed, prompting fresh criticism of the agency that polices finance. Responding to questions posed by Green party lawmakers investigating what authorities did to avert Germany’s biggest stock market fraud, the government said staff in Bafin, which monitors banks, had invested in Wirecard shares. Allegations of fraud at Wirecard had been doing the rounds for years though German prosecutors long focused on investigating the investors and journalists who had highlighted irregularities rather than the company …read more […]

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Canaccord Says These 3 Stocks Will Surge Over 70% From Current Levels

The markets are trending positive, after an earnings season that was less grim than predicted. With a majority of S&P listed companies having reported Q2 results, the fall-off in profits was not as bad as expected. On average, earnings are down 36%, a favorable comparison to the expected 44% declines. Even better, close to 85% of reporting have beaten the forecasts. This is an all-time high percentage, and a great sign of economic health despite the corona virus crisis.The better-than-expected earnings season is having a ripple effect in the stock markets. The S&P 500 and the NASDAQ indexes are both …read more […]