Trading Ideas

A rebound in store visits in June returned Costco to growth for the first time since the pandemic, according to new analytics data. …read more […]

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But if you buy shares in a… …read more […]

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said. It is looking at selling between 5% and 10% of …read more […]

The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]

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Top news and what to watch in the markets on Wednesday, July 8, 2020. …read more […]

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Avenue Capital Group CEO and legendary investor, Marc Lasry, joins ‘Influencers with Andy Serwer’ to discuss the pandemic’s impact on the global economy. …read more […]

Nokia, battling with China’s Huawei and Sweden’s Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth. Overnight, JP Morgan downgraded Nokia to “neutral” from “overweight”, citing a potential loss of business with Verizon. “We believe that there is a real risk Verizon will depend less on Nokia as their primary RAN (radio access network) supplier going forward,” JPM said in a note, adding there were signs Verizon was using Samsung. …read more […]

United Airlines Holdings Inc (UAL) warned that it sees travel bookings weakening as the recent resurgence in coronavirus infections and the related new restrictions imposed by some U.S. states are curtailing demand.The news sent shares down 7.6% to $32.58 at the close on Tuesday. In a Town Hall for its operational employees, the ailing airline said that consolidated capacity for June was down about 88% year-over-year and that July capacity is expected to be down about 75% year-over-year.Looking ahead to the peak summer season, management also indicated that capacity for August will probably be down about 65% year-over-year. In addition, …read more […]

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, the sources and a third person with knowledge of the matter said. It is looking at selling between 5% and 10% of …read more […]

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]

Aircraft lessor Avolon announced that it cancelled commitments to acquire an additional 27 of Boeing Co.’s (BA) 737 MAX aircraft after already cancelling 75 of the planes in the first quarter of the year.In addition, Avolon scrapped the commitment to acquire one of Airbus Group’s (EADSF) A330 neo aircraft due to be delivered in 2022 and deferred the delivery of 3 A320 neo family aircraft from 2020/21 to 2022.Boeing’s 737 MAX aircraft have been grounded since March 2019 following a second deadly crash. The plane maker has recently started flight tests of the 737 MAX to try and receive regulatory …read more […]

Shares in TechnipFMC (FTI) spiked 11% in Tuesday’s after-hours trading after the company announced a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.TechnipFMC clarified that a “major” contract is over $1 billion.The contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming technology. The project also includes other process units, interconnecting, offsites and utilities.According to …read more […]

(Bloomberg) — Ride-hailing giant Didi Chuxing is testing China’s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan.The SoftBank Group Corp.-backed startup said on Wednesday it’s working with a research wing of the People’s Bank of China on uses for the virtual legal tender dubbed Digital Currency Electronic Payment, or DCEP. That includes testing the token on its ride-hailing platform, people familiar with the matter said. Specifics like when the feature will officially roll out aren’t clear yet, they said, asking not to …read more […]