Trading Ideas

Treasury Secretary Steven Mnuchin believes the U.S. economy will need more help to pull out of the recession, but said the next round of support should be more targeted to the hardest hit parts of the economy. Congress has already approved close to $3 trillion in support to deal with the impact of the coronavirus, which has resulted in millions of layoffs and has pushed the country into recession. “There is no question that small businesses in many industries will need more help,” Mnuchin said. …read more […]

(Bloomberg) — Elon Musk wasn’t about to let a revenue-less manufacturer of zero-emission semi trucks steal the spotlight from Tesla Inc.The chief executive officer sent an email to employees before the market opened Wednesday declaring that it is “time to go all out” and put Tesla’s Semi into volume production. Musk didn’t give a time frame for when he expects mass output to actually happen. Just six weeks ago, Tesla said it was postponing initial deliveries to 2021, roughly two years later than initially planned.If Musk was looking to regain the attention of any investors whose eyes had wandered toward …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 […]

Boeing Co is aiming to conduct a key certification test flight on its grounded 737 MAX in late June, two people briefed on the matter said. The 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. Boeing told airlines it hopes to conduct the flight in late June and also notified them of a fix to address safety concerns about the placement of wiring bundles, the sources said. …read more […]

DoubleLine Capital CEO and billionaire bond investor Jeffrey Gundlach sees a potential “wave of more higher-end unemployment’ hitting white-collar workers. Yahoo Finance’s On The Move panel weighs in. …read more […]

Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 […] …read more […]

Why do stocks get suspended and how does this affect investors? In fact, the U.S. Securities and Exchange Commission (SEC) can decide to halt trading for a company’s stock due to a variety of issues and concerns.
Below, you’ll learn more about the SEC and the process behind its ability to intervene in the market. Moreover, there are a few famous examples of these suspensions in the recent past.

Why Do Stocks Get Suspended and for How Long?
Suspended trading can occur for many different reasons. Thus, it’s important to understand where this all began.
So, why do stocks get suspended? This is possible …read more […]

(Bloomberg) — The coronavirus has wreaked havoc on commercial aviation, but Alexey Isaykin’s cargo carrier has been fully loaded.Volga-Dnepr Group has flown more than 3,000 breeding pigs to China from France this year. The animals — transported 6,450 miles (10,400 kilometers) in wooden crates in the hold of a Boeing 747 cargo plane — are being used to restore local livestock levels to help mitigate shortages in the world’s largest pork market after an outbreak of African swine fever decimated China’s hog herds.Measures to stem the spread of the coronavirus amplified those swine shortages and accelerated attempts to boost the …read more […]

Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Ines Ferre discuss the latest news on coronavirus testing. …read more […]

Kathy Jones, Schwab’s Chief Fixed Income Strategist, joins Yahoo Finance’s The First Trade to discuss investor trends, market outlook and what we can expect from the FOMC meeting. …read more […]

(Bloomberg) — Simon Property Group Inc. is terminating its $3.6 billion bid to buy Taubman Centers Inc., arguing that its rival mall owner has breached the merger agreement by not taking steps to mitigate the fallout from the coronavirus pandemic.Simon said in a statement on Wednesday it has “exercised its contractual rights” to terminate the deal, which was announced in February before the pandemic battered malls. The company said it was asking a court to declare that Taubman has suffered a “material adverse event” and “breached the covenants in the merger agreement.”Taubman didn’t immediately respond to a request for comment.Taubman’s …read more […]

Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 […] …read more […]

(Bloomberg) — Tesla Inc. shares eclipsed $1,000 for the first time ever on Wednesday as ramping demand for the company’s Model 3 in China led Wedbush analysts to tout the “massive”’ market opportunity and its ongoing battery efforts.Analyst Daniel Ives called the demand out of China “a ray of shining light for Tesla in a dark global macro” setting, with the company appearing to be on track to reach 100,000 deliveries from its local plant in the first year. Ives maintained his neutral rating but boosted his price target to $1,000 from $800 and said his new bull case implies …read more […]

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(Bloomberg) — Daniel Kretinsky’s bet on Macy’s Inc. turned out to be short but profitable, and the Czech billionaire might jump back into the stock again if the price is right.His Vesa Equity Investment said Tuesday it owned 0.7% of the U.S. department-store chain, down from the 5% stake unveiled less than a month ago. The investment, billed as a strategic move at the time, coincided with a 65% surge in the stock. Kretinsky made roughly $36 million if he bought Macy’s shares the day before disclosing his 5% stake and sold them on Tuesday.“The reason for our exit certainly …read more […]