Trading Ideas

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(Bloomberg) — Bayer AG is blocked from selling its controversial dicamba-based herbicide in the U.S. after an appeals court rejected a federal regulator’s permit for the product, compounding the German company’s weed-killer woes.The three-judge panel concluded the Environmental Protection Agency had “failed entirely” to acknowledge some risks dicamba poses and that the agency violated federal regulations when it extended its approval of registration for the herbicide for another two years in October 2018.The ruling means farmers who bought seeds to be used with dicamba for this year’s growing season may not be able to plant them, since pesticides can’t be …read more […]

The luxury giant said “that it is not considering buying Tiffany shares on the market,” despite a recent drop in their value. …read more […]

Amazon.com Inc. (AMZN) said it is leasing an additional 12 Boeing (BA) 767-300 converted cargo aircraft as the e-commerce giant seeks to make delivery times faster amid an increase in online orders.One of the new aircraft joined Amazon’s air cargo operations in May, and the remaining 11 are expected to be delivered in 2021. These aircraft will be added to Amazon’s existing fleet of 70 aircraft.“Amazon Air is critical to ensuring fast delivery for our customers – both in the current environment we are facing, and beyond,” said Sarah Rhoads, VP of Amazon Global Air. “During a time when so …read more […]

Five companies have now been picked by the Trump administration as the most likely candidates to produce a coronavirus vaccine, The New York Times reports.This comes as part of Operation Warp Speed (OWS), the administration’s national program to accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics.Among its other objectives, Operation Warp Speed aims to have substantial quantities of a safe and effective vaccine available for Americans by January 2021.The five companies selected are as follows:Moderna’s (MRNA) mRNA1273 which is currently undergoing Phase 2 trials;A joint collaboration between AstraZeneca (AZN) and Oxford University on AZD1222 which is …read more […]

(Bloomberg) — Oil retreated from a three-month high as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery.Futures in New York fell around 2% to below $37 a barrel after closing at the highest since March 6. Saudi Arabia and Russia have reached a preliminary deal to extend output curbs for an extra month, but it’s conditional on other members making deeper cuts in the months ahead to make up for past non-compliance, people familiar with the matter said. The two leading producers have …read more […]

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(Bloomberg) — The grand alliance that’s helped revive global oil markets is being rattled by a long-running feud over members breaking their promises.Just a day before a proposed gathering on Thursday, the OPEC+ coalition hurriedly backtracked from the meeting intended to green-light an extension of its deepest production cutbacks and prop up crude prices.Saudi Arabia and Russia — the leading producers in the group — have lost patience with the errant behavior of the next-biggest member, Iraq, according to people familiar with the matter. While most of the main players are delivering their agreed share of output curbs, Baghdad is …read more […]

If I said to you…
Quick! Name the most innovative car company in the world…
You’d probably think for one second – and then say Tesla.
That’s clearly the one and only name that comes to mind.
But today, I’m going to throw another name into the mix… one that you may want to add to your portfolio right away.
Here’s the scoop…
If you watch Hulu, then I’m sure you’ve seen ads from a company called Carvana (NYSE: CVNA).
In my view, Carvana represents the future of how you’ll soon be buying a car.
Here’s a quick synopsis…
Think about every buying experience you’ve had in your entire …read more […]

(Bloomberg Opinion) — Hong Kong’s finance industry is thriving from the great divorce between the U.S. and China. Billion-dollar initial public offerings are on the horizon again, as New York-listed mainland companies seek a second home. The city’s blue-chip index has even revised its weighting rules so tech stocks can feature more prominently. But is this enough to rouse a sleepy stock market? While Hong Kong is on par with Shanghai in terms of total market capitalization, turnover pales in comparison, and it’s practically a stagnant pool compared with the very liquid Shenzhen bourse. While mega IPOs are exciting, they …read more […]

Not surprisingly, shares of mortgage real estate investment trusts (REITs) have been hammered in the COVID-19 crisis.
(On Monday, I explained whether you should still invest in these stocks. Click here for my analysis.)
Things were already difficult in the industry due to low interest rates.
Mortgage REITs borrow money short term and lend it out longer term. The difference in the interest that they pay and that they receive (after expenses) is net interest income.
With rates so low and the spread between short- and longer-term rates so tight, net interest income has been squeezed.
Then came the coronavirus, sending interest rates plummeting further …read more […]

Stock futures opened slightly lower Wednesday evening, pausing after a rally sent US equities to their highest level in three months. …read more […]

Elon Musk is a polarizing figure, to say the least, but the scope of his ambition cannot be denied. After Space X sent its first astronauts into space on Saturday May 30, Wedbush analyst Daniel Ives believes the star dust will rub off on Musk’s other venture, Tesla (TSLA).“While SpaceX and Tesla are separate companies despite some R&D cross pollination in some key areas, from a consumer perspective the Musk DNA remains the linchpin to both of these next generation technology stalwarts and we would characterize the historic success of SpaceX as another major shot in the arm to the …read more […]

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Over the past two centuries, Americans have been through many energy transitions. And we’re in another one right now.
Up until 300 years ago, waterwheels and windmills powered what little industry there was. In 1712, English inventor Thomas Newcomen created the first steam engine. It was used to pump water out of a tin mine in England.
From there, about 2,200 steam engines were produced in the 18th century.
During most of the 19th century, Americans burned whale oil for light. And they primarily burned wood to heat their homes and cook.
Industries used wood to fire steam boilers. Those boilers powered steam engines …read more […]