Trading Ideas

(Bloomberg) — At 23, Shunji Sugaya had what he calls a “life-changing episode.”It was March 2000, and Sugaya had just won an award at a business contest where Masayoshi Son, the founder of what was then called SoftBank Corp., was a judge. He sent Son an email to thank him, the two met up, and before long SoftBank offered to buy Sugaya’s idea for $2.8 million or for Sugaya to join the company and receive stock options.Sugaya turned it down.“It gave me a big boost in confidence as I was a student — I was so happy I could dance,” …read more […]

(Bloomberg) — Oil retreated toward $38 a barrel after a U.S. industry report signaled a surprise jump in crude inventories, raising fresh concerns about excess supply.Futures dropped 1.9% in New York, erasing almost all of the gains from the previous session. The American Petroleum Institute reported that stockpiles expanded by 8.42 million barrels last week, according to people familiar with the data. If confirmed by government figures on Wednesday, it would be the largest build since the end of April.Oil is still recovering from the virus-driven demand crash that pushed crude below zero in April as supply cuts trim oversupply …read more […]

Nvidia’s (NVDA) recent market trouncing performance has rested on several key drivers. Namely, the outstanding growth of its data center segment, which over the last few quarters has been closing the gap on Nvidia’s biggest revenue generator, gaming, and a “friendly” macro environment which has played to the GPU leader’s strengths.However, Nvidia has fingers in many pies, and is banking on several secular trends which are expected to ramp up in the 2020s. Along with making waves in the AI sector, the company is one of the leading players in the rising autonomous vehicle category.For Needham analyst Rajvindra Gill, the …read more […]

Think twice before adding these companies to your portfolio right now. …read more […]

When it comes to Gilead Sciences (GILD), recent focus has landed squarely on its potential COVID-19 treatment, remdesivir, but now, it’s grabbing headlines for an entirely different reason.On Sunday, Bloomberg reported in an unconfirmed article that AstraZeneca (AZN) informally approached Gilead to discuss the possibility of a merger. It should be noted that currently, formal talks are not ongoing.Writing for RBC Capital, 5-star analyst Brian Abrahams tells clients that the market caps of GILD and AZN, which land at $96.6 billion and $138 billion, respectively, could make the transaction “one of the largest in recent memory.” He added, “Recall in …read more […]

(Bloomberg) — Apple Inc. told staff at its main Silicon Valley headquarters that the first phase of a plan to return to the office will begin on June 15, but stressed that most employees won’t go back for several months at least.Phase 1 will be “very limited” and workers will only be allowed in the office on certain days depending on their job, the Cupertino, California-based company wrote in a recent memo to staff. More details will be shared later this month, it added.Apple also reiterated in the memo that it is limiting how many people are allowed in buildings …read more […]

As a Canadian, I’ve spent almost all of my professional life working for businesses that pay me in U.S. dollars.
Early in my career, I was briefly taking my U.S. dollar paychecks and converting them into Canadian dollars at an exchange rate of 1.6 to 1. That meant that for every $1 I was paid, I was actually receiving $1.60 in my home currency.
For a young man just starting his career, it was fantastic!
Five years later in 2007 though, my currency bliss was gone.
Then, on the back of $100-per-barrel oil, the Canadian dollar was trading at a premium to the greenback. …read more […]

Week after week, viewers of my new Trade Talk Tuesdays video series continue to make huge profits…
One member made 248% in one week! Take a look at what he said…
“WSM in at $4.30 out at $15.00 – Thanks BB.” – Barry C.
Another member made more than $4 grand. He said…
“+$4,500 on WSM – I feel great.” – Verlyn D.
So let’s keep this going with today’s newest pick!
Never in a million years would I have thought I’d recommend a play like this.
So… just to mark this occasion…
Here’s something extra special for you today.
You won’t want to miss this.
My newest Trade Talk …read more […]

The world’s biggest oil companies are scrambling to make new discoveries in a race to increase their reserves, and they could be about to find it in one of the most underexplored basins in the world …read more […]

In such a confused financial environment, investors are hard-pressed to find a market strategy that will bring positive results. The old saws may not be reliable. One way out of the quandary is to follow the insiders.These corporate officers have a vested interest in their own companies – they are responsible to shareholders for performance, and they are also shareholders themselves – so when they start buying large bundles of shares, investors should take note.TipRanks has the tools to help you do just that. The Insiders’ Hot Stocks page shows which stocks top insiders are most active on, for both …read more […]

This year has felt like decades crammed into a handful of months.
In the future, whole chapters of history textbooks will be dedicated to what happened in 2020. And so far, we’re only six months in!
It’s hard to believe that a mere 78 days ago, the S&P 500 was down more than 30% for 2020… that the markets suffered the fastest – though easiest to tame – bear market decline in history.
And now, after a furious, V-shaped recovery, the S&P is a hair’s breadth away from being positive for the year.
Already, the Nasdaq is up more than 10% year to date.
And …read more […]

‘A lot of times it’s not the earthquake, it’s the fire,’ says Gundlach. …read more […]

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Stock futures kicked off the overnight session slightly higher, edging up slightly as market participants awaited the Federal Reserve’s latest monetary policy decision and commentary Wednesday. …read more […]

(Bloomberg) — Maybe it was another case of mistaken identity, or just Pavlovian enthusiasm on a day when the FANG stocks were powering up. Whatever the reason, a company called Fangdd just jumped fivefold without any news to explain it.Fangdd Network Group Ltd., a Shenzen, China-based real estate firm that trades in the U.S. under the ticker DUO, nearly quintupled on Tuesday, jumping 395% to close at $47.06 per American depository receipt after starting the day at $10.The stock touched as high as $129.04 — an advance of more than 1,200% — before prompting a trading halt that paused the …read more […]