Trading Ideas

America’s up-again, down-again group of cruise line stocks — Carnival Corporation (CCL), Royal Caribbean (RCL), and Norwegian Cruise Line Holdings (NCLH) — went down again, en masse, this week, with all three companies’ stocks sinking 10% or more.Don’t say you were not warned.Analyst Chris Woronka of Deutsche Bank penned a note in which he tweaked price targets ever so slightly higher. At the same as he did this, however, Woronka also warned investors that none of the three publicly-traded cruise stocks is currently cheap enough to buy.Although Woronka raised his estimates (the price target on Carnival going from $11 to …read more […]

Trump’s executive order prevents hundreds of thousands of foreigners looking to work in the United States through the end of 2020. …read more […]

(Bloomberg) — Boeing Co. and federal regulators are preparing to hold a critical set of test flights on the 737 Max early next week, which would mark a milestone in its return to service after being grounded for more than 15 months.Aviation industry officials briefed on the plans, which still haven’t been finalized, indicate that the U.S. Federal Aviation Administration has reviewed Boeing’s extensive safety analysis of fixes it has made and is comfortable moving to the next step: putting the plane through its paces with test pilots.Boeing had privately targeted hosting the FAA flights by the end of June. …read more […]

Inexperienced traders often go after the biggest stocks – Apple, Amazon, etc.
But, as Alexander Green explains, they are missing out on major profit potential by ignoring the small stocks – more specifically, microcaps.

Thanks in part to the coronavirus, more than 500 companies have filed for bankruptcy this year.
The biggest by far is Hertz (NYSE: HTZ), which sought Chapter 11 protection in May with $25.8 billion in assets and $24.4 billion in liabilities.
Some companies restructure and survive bankruptcy. Many do not.
The ones that don’t generally go into liquidation. In a liquidation, shareholders don’t receive a dime until bondholders, creditors and other …read more […]

(Bloomberg) — Microsoft Corp. said it will close its physical store locations permanently but will continue to invest in a digital storefront that, along with third-party retailers, has driven sales of products such as the Xbox game player and Surface tablets.The move will result in a pretax charge of about $450 million, or 5 cents a share, in the current quarter, Microsoft said Friday in a statement.“Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location,” said Microsoft Corporate Vice President David …read more […]

Unilever is ceasing all U.S. ad spending from social-media platforms Facebook, Instagram and Twitter through the end of the year — and possibly beyond — citing the “polarized atmosphere” in the country. The consumer goods giant’s announcement Friday comes amid the widening StopHateForProfit boycott targeted at Facebook, organized by groups that want to pressure Facebook […] …read more […]

Albertsons CEO Vivek Sankaran joins Yahoo Finance’s On The Move to weigh in on the company going public and discuss the latest food trends amid the COVID-19 pandemic. …read more […]

(Bloomberg) — Occidental Petroleum Corp. has garnered around $3 billion of orders for its inaugural high-yield bond sale, according to people with knowledge of the matter.Pricing discussions on the company’s planned three-part unsecured offering include a five-year bond with a yield of 7.75% to 8%. A seven-year note may yield between 8.25% and 8.5%, while a 10-year security may yield 8.75% to 8.875%, according to other people, who asked not to be named because the discussions are private.Citigroup Inc. is leading the deal, and the debt may be sold as soon as Friday. Representatives for Citigroup and Occidental declined to …read more […]

(Bloomberg) — Bill Foley’s Cannae Holdings Inc. and Senator Investment Group LP made a $7 billion takeover offer for CoreLogic Inc., saying they can “reignite growth” at the real estate data company and increase its operating efficiency.Cannae and Senator sent CoreLogic’s board a letter Friday outlining a proposal to acquire the Irvine, California-based company for $65 a share in cash, they said in a statement. The bid values CoreLogic’s equity at about $5.2 billion, and represents a 23% premium over its closing price on Thursday. Including debt, the offer is worth about $7 billion, according to the letter.CoreLogic climbed as …read more […]

(Bloomberg) — When news broke last month that Amazon.com Inc. was interested in buying Zoox Inc., observers assumed the e-commerce giant was looking to automate its delivery fleet. After all, Amazon already invested in an electric truck maker and is a major buyer of everything from planes to diesel vehicles.But in a statement on Friday confirming its acquisition of the autonomous vehicle startup, Amazon touted Zoox for its ride-hailing ambitions. Ride hailing? Amazon?“You say, does it make sense?” said Mike Ramsey, a Gartner vice president who tracks the auto industry. “Well, does it make sense that the package delivery company …read more […]

A key step in the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said on Friday. Boeing Co’s best-selling plane has been grounded since March 2019 after two fatal crashes killed 346 people. A certification flight test, which is expected to last at least two days, is likely to take place starting as early as Tuesday but has not been finalized. …read more […]

Investors demand for stimulus, hints one Wall Street insider. …read more […]

After heeding the lessons from 2008-2009, leaders of the financial sector were equipped to step in as needed during the current crisis. As economies continue to lift restrictions and recover from one of the steepest declines on record, it’s time to analyze the lessons to be learned and identify needed change. The next crisis–be it climate change, the inequality gap, or retirement systems–is undoubtedly in the making. As we prepare to meet it, we must address crucial questions: Will we be able to transform a system that many believe does not work for them anymore and build a more equitable …read more […]

Yahoo Finance’s Ines Ferre breaks down what you should know about Albertsons’ public debut on the New York Stock Exchange. …read more […]

If you are looking for the best ideas for your portfolio you may want to consider some of Tao Value’s top stock picks. Tao Value, an investment management firm, is bullish on Alphabet Inc. (NASDAQ:GOOG) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]