Trading Ideas

(Bloomberg) — ABN Amro Bank NV posted a higher-than-expected loss and provisions in the first quarter, prompting new Chief Executive Officer Robert Swaak to ramp up a review of the investment bank as he seeks to return the Dutch lender to profitability.The bank set aside 1.1 billion euros ($1.2 billion) to cover the cost of loans going bad, more than expected, and said the figure may rise to 2.5 billion euros for the full year. The lender reported a net loss of 395 million euros, its first in seven years, partly related to its exposure to two clients.European lenders have …read more […]

Japan’s Sony Corp on Wednesday reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to uncertainty related to the coronavirus outbreak. The electronics and entertainment firm posted an operating profit of 35.45 billion yen ($331 million) for the January-March quarter, versus 82.73 billion yen a year prior, as the coronavirus hit demand for its smartphone image sensors, cameras and TVs. Operating profit for the year ended March came to 845.46 billion yen, falling 5.5% from the previous year following two consecutive years of record highs. …read more […]

U.S. gold futures fell 0.1% to $1,704.50 per ounce. “This kind of indecision (by investors) really has to do with uncertainty about whether the Fed would be successful with all this stimulus and a desire for liquidity,” DailyFx currency strategist Ilya Spivak said. …read more […]

Intel Capital, the venture arm of chipmaker Intel Corp , has invested in two Chinese startups in the semiconductor sector, the company announced on Wednesday, as part of its latest batch of deals. The investments in companies that compete in fields typically dominated by U.S. players come as Intel remains embroiled in tensions between the United States and China over chip manufacturing. ProPlus, one the Chinese startups Intel Capital has funded, makes EDA software that chip makers use to design their products before manufacturing them. …read more […]

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Occidental bet heavily on the continued growth in U.S. shale oil, taking on heavy debts for its controversial purchase of Anadarko Petroleum last year for $38 billion. Energy companies worldwide, including Exxon Mobil Corp and Royal Dutch Shell PLC, have slashed capital expenditures and oil output to reckon with the pandemic. Houston-based Occidental last week posted a $2 billion quarterly loss and has slashed capital spending drastically to shore up its balance sheet. …read more […]

The greatest investor in history isn’t who you would expect. So what led to his incredible, market-beating success?
As Nicholas Vardy explains, it wasn’t a reliance on fundamentals. It was computing power and quantitative investment strategies.

The post The Greatest Moneymaking Machine in Wall Street History appeared first on Investment U. …read more […]

Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc, in recent days about a potential move of the company’s electric vehicle assembly plant to the Lone Star state. Abbott’s remarks came just came three days after Musk threatened to move Tesla’s headquarters and future operations to either Texas or Nevada, after officials in the California county where Tesla’s only U.S. vehicle factory is located said the plant could not reopen because coronavirus lockdown measures remained in place. …read more […]

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Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc , in recent days about a potential move of the company’s electric vehicle assembly plant to the Lone Star state. Abbott’s remarks came just came three days after Musk threatened to move Tesla’s headquarters and future operations to either Texas or Nevada, after officials in the California county where Tesla’s only U.S. vehicle factory is located said the plant could not reopen because coronavirus lockdown measures remained in place. Abbott said during an interview with the Wichita Falls CBS …read more […]

On recent earnings calls, Allegiant Air CEO Maury Gallagher almost seemed bored. Over more than two decades, he built one of the world’s most successful ultra-low-cost carriers, but by 2019, Allegiant had nearly run out of obvious markets to make the profit margins investors had come to expect. Between August 2015, and January 2020, Allegiant’s […] …read more […]

Fate is a cruel mistress, the saying goes. But how about turning the phrase on its head? Might fate be a welcoming friend, too? That’s certainly the case during COVID-19. As some companies’ unfortunate line of business has dictated a struggle to make it through the pandemic, some are inherently well set up to benefit.Cloud based services and data focused companies, for example. Or specifically, Datadog (DDOG). The SaaS data analytics specilaist’s performance has been impressive. Since the turn of year, DDOG shares have appreciated by 82%, whilst successfully navigating through the pandemic storm. And unlike many companies struggling with …read more […]

Federal Reserve Chairman Jerome Powell will be in focus when he speaks via live webcast Wednesday. …read more […]

Stock futures kicked off the overnight session lower Tuesday evening, extending declines from the regular trading day. …read more […]