Trading Ideas

(Bloomberg) — Expedia Group Inc.’s whopping 82% decline in revenue in the second quarter has laid bare the total devastation the coronavirus has wreaked on the travel sector. Shares dipped as much as 4.8% in post-market trading.The Seattle-based online travel giant reported total gross bookings of $2.71 billion for the three-month period to June 30, a decline of 90% from the same period a year earlier. Revenue fell to $566 million — the lowest it’s been in about a decade — and missed Wall Street’s already reduced expectations of $680 million for the quarter. The adjusted loss before interest, taxes, …read more […]

Amazon crushed Street estimates as the coronavirus pandemic is forcing consumers to rely on online shopping. The tech giant reported $10.30 in EPS and $88.9 billion in revenue, far surpassing Street estimates EPS $1.51 and $81.24 billion in revenue. Myles Udland breaks down the e-commerce company’s quarterly result. …read more […]

Apple has reported its Q3 2020 earnings, crushing expectations, and announcing a 4-1 stock split. …read more […]

(Bloomberg) — Apple Inc. announced a 4-for-1 stock split after shares of the iPhone maker surged more than 80% in the past year.Shareholders at the close of trading on Aug. 24 will receive three additional shares for each one they currently own. Post-split trading will begin Aug. 31, Apple said in a statement on Thursday.The company said the move will “make the stock more accessible to a broader base of investors.” Apple shares have surged to almost $400 in the past year.This is the fifth stock split since Apple went public in 1980. The last split was in 2014. The …read more […]

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The tech giant has been one of the COVID-19 crisis’ biggest beneficiaries. …read more […]

OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. With its mostly free tools for web browsing, video watching and teleconferencing, Google unit has become a larger part of many consumers’ lives during the pandemic as lockdown orders force people to rely on the internet for work and entertainment. Google’s ads business has long trended with the broader economy, and the U.S. …read more […]

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Facebook reported second-quarter results that handily topped estimates, growing its user base and advertising business further during the pandemic even as the social media giant came under increased scrutiny for its policies around policing harmful content on its platforms. …read more […]

Southwest Airlines (NYSE:LUV) has had a rough month with its share price down 9.3%. It is possible that the markets… …read more […]

The economy is “leveling off,” following the worst drop in GDP on record amid the pandemic, says Mohamed El-Erian, chief economic advisor at Allianz. …read more […]

Clearnomics Founder & CEO James Liu joins Yahoo Finance’s Akiko Fujita to discuss the latest outlook for big tech amid a busy earnings season. …read more […]

Heading into Amazon’s (AMZN) second-quarter earnings today after the bell, it feels like the narrative has mostly been written already. All that remains to be seen is how far Amazon’s performance will deviate from the projected outlook.The Street expects Amazon to deliver a blockbusting topline gain on account of the coronavirus driven tailwinds. However, side by side with the bullish forecasts for strong sales, perceived wisdom dictates that profit margins will likely contract due to COVID related expenses.Raymond James analyst Aaron Kessler also expects Amazon to deliver, however, the 5-star analyst argues those expectations might already be reflected in the …read more […]

If you’ve been keeping up with my swing trading video series or my Liberty Through Wealth articles, you know that swing traders aim for short-term profits. The time span can vary, but generally we’re trying to get in and out in two to 10 days.
Today I’m sharing an Oxford Swing Trader recommendation that was on the short end of that spectrum. In fact, it’s one of the fastest profitable trades we’ve had to date.
While other companies have struggled with their internet business models, this company has thrived. And that spelled a golden opportunity for swing traders.

Click here to watch today’s …read more […]

FanDuel Group CEO Matt King joins Yahoo Finance’s Zack Guzman to discuss the latest outlook for online gambling as live sports resume. …read more […]