Trading Ideas

The fastest stock market decline in history has been followed up by one of the most rapid recoveries. Rallying on economic re-openings and a better-than-expected jobs report, the S&P 500 has basically recovered all of its losses for the year, while the Nasdaq topped 10,000 for the first time ever. Yet, investors need to be mindful of the potential risks ahead. US stocks tumbled today due to new concerns that the U.S. may be experiencing a second-wave reinfection of Covid-19 cases in certain states. So, where does the market go from here? One way to navigate all of the stock …read more […]

Fast-talking auctioneer Greg Highsmith sung out dozens of prices – “seventy-five-hundred now, $10,000 now, be able to get 15,000?” – before a North Dakotan buyer paid $27,500 for a used Caterpillar oil swabbing rig on Friday. The rig was one of more than 2,000 lots offered in an online auction of oil, gas and industrial equipment out of North Dakota’s Bakken shale region on Friday. The auction market is more active than at any point since the downturn of the 1980s, said Dan Kruse, a San Antonio-based auctioneer and founder of Superior Energy Auctions, which specializes in energy …read more […]

We are living through some crazy times and the stock market has read the memo. Yesterday, shares of Chinese fintech company Jiayin Group (JFIN) were up during the session by over 900%. Needless to say, someone, somewhere (probably in China), enjoyed some after work drinks. The stock pulled back and by the end the day was “only” up by 96%.Were the massive share gains in anticipation of today’s earnings report? Hard to tell, but the report was nothing to write home about. Revenue came in at $44.28 million, down year-over-year by 57.1% and missing the estimates by $5.13 million. Bottom …read more […]

Time for a long overdue stock market correction? …read more […]

Yahoo Finance’s Adam Shapiro and Julie Hyman break down the latest trending headlines. …read more […]

(Bloomberg) — Shares of Boeing Co. and its largest suppliers sank Thursday after the planemaker pared output plans for its beleaguered 737 Max just two weeks after restarting work in its Seattle-area factory.A resurgence in Covid-19 cases in some regions of the U.S. has added to concerns that airlines face a prolonged recovery that will make it difficult for Boeing to meet delivery targets for its 737 Max, a crucial source of cash. The Chicago-based planemaker is already backtracking from an early May agreement with Spirit AeroSystems Holdings Inc. to deliver 125 Max frames this year.Boeing fell as much as …read more […]

On Wednesday, The Federal Reserve says it expected real GDP to contract by 6.5% in 2020. Peter Navarro, a top Trump advisors, responded Thursday. …read more […]

(Bloomberg) — U.S. Treasury Secretary Steven Mnuchin said the economy shouldn’t be closed again even with another surge in coronavirus cases. Meanwhile, a second wave of infections as states reopen is raising alarm after the overall count passed 2 million.U.K. Prime Minister Boris Johnson is battling to contain a public split with his top scientific advisers, after they warned the government must learn from the catalog of failures it made during the crisis. Job losses continued to mount in the country.Moderna said it had selected a dose for a final-stage clinical trial of its vaccine that should begin in July, …read more […]

Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […] …read more […]

Wall Street observers hoped recent gains signaled the arrival of blue skies, but the COVID-19 storm is thundering on. Stocks started shedding gains this week on fears of a possible second wave of coronavirus infections and a grim forecast for the economy from the Federal Reserve.A situation like this is tailor-made for defensive stock plays – and that will naturally bring investors to look at high-yield dividend stocks. But not all dividend stocks are created equal. Top analysts from Oppenheimer have chimed in – and they are recommending high-yield dividend stocks for investors looking to find protection for their portfolio. …read more […]

Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […] …read more […]

(Bloomberg) — A massive wave of corporate distress is pitting beleaguered companies against their lenders in brawls that are shaping up to be nastier than ever before.Desperate firms and their private equity owners are seeking to take advantage of years of weakening creditor protections to help cut obligations and raise cash after the coronavirus outbreak brought businesses to a standstill. Be it via allowances written into borrowing documents when times were good or simply loopholes in deal terms, they’re siphoning collateral and transferring assets while pushing deeply discounted debt swaps onto investors, who risk seeing the value of their bonds …read more […]

Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […] …read more […]

The deal comes weeks after the United States pledged up to $1.2 billion to secure 300 million doses of AstraZeneca’s vaccine, which is among the first to move into mid-stage trials. AstraZeneca has said that the first indication of the effectiveness of its vaccine would likely be available in June or July. …read more […]

Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup Inc on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said. The sources requested anonymity because the IPO is still confidential. …read more […]