Trading Ideas

Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation’s exclusive economic zone. Iran is providing the country with up to 1.53 million barrels of gasoline and components to help it ease an acute scarcity that has forced Venezuelans to wait in hours-long lines at service stations or pay steep prices on the black market. With the arrival of the gasoline, Maduro said he would end the policy of providing fuel effectively for free after more than two …read more […]

(Bloomberg) — A stronger-than-expected fixing was enough to steady the yuan after increasing U.S.-China tensions sent the offshore rate toward a record low.The offshore yuan traded steady at 7.1809 a dollar as of 10:33 a.m. in Hong Kong after the People’s Bank of China set its fixing at 7.1277. While that was just slightly stronger than forecast, traders took it as a sign that the central bank would want to avoid the rapid depreciation. The onshore rate, which is nearing its weakest since 2008, was also little changed.The exchange rate has become a focus of political sparring between Washington and …read more […]

According to a regulatory filing made on Wednesday, Icahn, who held a nearly 39% stake in Hertz and had three representatives on the board, sold 55.34 million shares on Tuesday at 72 cents per share. Hertz fell victim to coronavirus shutdowns that dramatically curtailed travel and created major financial hardships for the company, Icahn said in the filing, adding that he supported the board’s decision to seek bankruptcy protection on Friday. At the end of 2019, his stake in Hertz was worth close to $700 million. …read more […]

Is anything about to derail Nvidia’s (NVDA) growth momentum? The GPU leader is enjoying an extended moment in the sun, when just about everything is going its way. An excellent F1Q21 report, the latest highlight, resulted in additional brawn to its ever-bulging share price – by now up 45% since the turn of the year.There’s more to come, argues Needham’s Rajvindra Gill, who calls Nvidia “the only perpetual growth story in semis.” The 5-star analyst has a Buy rating on Nvidia shares, accompanied by a $400 piece target. Expect additional upside of 17%, should the target be met over the …read more […]

What would you tell someone if they were to ask you, “Should I buy Micron (MU) right now?” For Rosenblatt’s Hans Mosesmann the answer is quite clear — the 5-star analyst sees this stock as a flower that keeps blossoming. In fact, Mosesmann goes as far as to consider Micron “one of our top 3 picks for 2020.” Following a chat with Micron’s MBU (mobile business unit) manager, Mosesmann cites some key takeaways which have only added to his bullish sentiment: * As 5G networks become more prevalent around the world, 5G phones will bring significant advances in performance …read more […]

Berkshire Hathaway’s (NYSE: BRK.A) (NYSE:BRK.B) owner Warren Buffett is the most popular investor who built his $89.9 billion net worth by investing in value companies. He was among the few who profited from the 2008 crisis. In the current Covid-19 crisis, he is holding a lot of cash as most companies are not prepared for […] …read more […]

Tesla Inc (NASDAQ:TSLA) stock is down by about 2%, although one analyst boosted his price target, saying the China growth story alone is worth $300 for the shares. Wedbush analyst Daniel Ives boosted his price target from $600 to $800 per share in a report issued today. Back in business Ives said Tesla took a big […] …read more […]

(Bloomberg) — Oil fell a second day after a report showing a jump in U.S. crude stockpiles raised fresh concerns over excess supply, while doubts are also creeping in over Russia’s commitment to maintaining production curbs.Futures in New York fell as much as 2.6%, adding to Wednesday’s 4.5% drop. The American Petroleum Institute reported that oil inventories rose by 8.73 million barrels last week, according to people familiar. If confirmed by government data on Thursday it would reverse two weeks of declines — an indication that record supply cuts are not draining a massive glut fast enough. Gasoline supplies also …read more […]

Countries around the world are focused on mitigating the effects of climate change. And getting rid of greenhouse gases is fast becoming a top focus.
One of the quickest ways to lower pollution is to reduce fossil fuel burning. The nation’s transportation infrastructure is a great place to start, as it’s responsible for 29% of greenhouse gases.
But we can’t just stop burning oil and natural gas in a year or two…
We can, however, start burning less of them right now thanks to hydrogen gas.
When hydrogen is burned, it combines with oxygen. This reaction generates energy and heat. But that’s where the …read more […]

You’ve surely seen the news…
Brazil is quickly emerging as the next global COVID-19 hot spot.
The country now has the second-highest number of coronavirus cases in the world after the U.S. and far worse healthcare infrastructure.
But through it all, Brazilian President Jair Bolsonaro continues to dismiss the threat of the virus, saying that quarantines and lockdowns could have a worse impact on Brazil’s economy.
It’s shaping up to be a very dangerous situation in the coming days and weeks…
So that’s why I was quite interested when one of my researchers, we’ll call him B.D., approached me and suggested that I look into …read more […]

RBC Capital analyst Brian Abrahams is a fan of Gilead Sciences (GILD) — in particular, its Biktarvy 3-in-1 drug cocktail for treating HIV-1.It is “Biktarvy’s strong profile and robust launch, along with favorable demographic and pricing dynamics,” that Abrahams says “will underpin good HIV franchise sustainability through at least 2025” for Gilead Sciences. Combined with the company’s better known continued hepatitis-C drug franchise, which is experiencing declining revenue but market share and pricing stability, and should therefore be able to generate “~$17B in cash flows over the next decade,” says the analyst, Gilead Sciences is likely to outperform the market.At …read more […]

On Wednesday, computing giant HP reported mixed second-quarter results. Total revenue came in at $12.5 billion, compared to $12.86 billion expected, and earnings per share topped estimates ($0.51 vs. $045 expected). Meanwhile, sales at HP’s personal systems and and printing segments dropped 7% and 19%, respectively, from the prior year. Yahoo Finance’s Myles Udland breaks down the company’s report. …read more […]

Below, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Enterprise Products Partners’ dividend safety.
Last week, I covered Energy Transfer (NYSE: ET), one of the most popular master limited partnerships (MLPs). Because of their high yields and tax efficiency, MLPs are a favorite of investors.
SafetyNet Pro currently rates the dividend safety of 10 MLPs.

What Is SafetyNet Pro?

SafetyNet Pro is a groundbreaking tool that predicts dividend cuts with stunning accuracy. With it, you can determine the dividend safety rating of nearly 1,000 stocks. Access to SafetyNet Pro is reserved exclusively for subscribers of Marc’s newsletter, The Oxford Income Letter. To …read more […]

(Bloomberg) — Box Inc. reported quarterly profit that easily beat Wall Street estimates, after the maker of file-sharing and collaboration software trimmed expenses. The stock rose more than 1% in extended trading.Earnings, excluding certain items, came in at 10 cents a share in the fiscal first quarter. Analysts were looking for 5 cents, on average, according to data compiled by Bloomberg. Sales rose 13% to $184 million, topping Wall Street projections.For the full fiscal year, Box forecast profit of 47 cents to 52 cents a share, compared with analysts’ estimates of 37 cents.Chief Executive Officer Aaron Levie has been under …read more […]

On Wednesday, Workday reported first-quarter results that topped estimates amid lowered expectations from the coronavirus lockdown. Total revenues came in at $1.02 billion, an increase of 23.4% from the first quarter of fiscal 2020. Yahoo Finance’s Myles Udland breaks down the company’s earnings report. …read more […]