Trading Ideas

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Square reported a surprise loss in the first quarter on Wednesday, as the coronavirus outbreak shut down large parts of the global retail industry and operating expenses rose, while PayPal’s profit plunged 87.4% after it boosted credit loss reserves. Analysts, however, bought into PayPal’s predictions that the second quarter would be far brighter as more consumers get back to work and the boost the crisis has given to online sellers beds down. “On May 1, we had our largest single day of transactions in our history, larger than last year’s transactions on Black Friday or Cyber Monday,” PayPal’s …read more […]

While Warren Buffett abandoned the airlines, the numbers don’t support abandoning the sector or American Airlines (AAL). The stock trades at the lows despite strong government aid and plenty of financial liquidity to survive the depressed air travel in the U.S.The market is focused on some of the negative headlines, but daily air passenger totals are starting to make a nice rebound. The ultimate value of an airline stock or American Airlines in general is based on the willingness of passengers to return to the skies. With the proper focus, investors will find the prospects for American Airlines heading higher.According …read more […]

Bristol Myers Squibb Co on Thursday reported better-than-expected first-quarter results, and said it still expects 2020 earnings within its previously forecast range despite the coronavirus pandemic that has savaged economies worldwide. Bristol said it expects the peak business disruption from the pandemic and the resulting national lockdowns to come in the second quarter, with minimal impact from the fourth quarter of the year onward. Bristol said it had adjusted earnings of $3.96 billion, or $1.72 a share, in the first quarter on revenue of $10.8 billion. …read more […]

Market participants got another pulse check on the U.S. labor market Thursday morning, as the world continues to grapple with the COVID-19 pandemic and ahead of the highly-anticipated April jobs report. …read more […]

In a newly released interview, New York Stock Exchange President Stacey Cunningham acknowledged that the resilient stock market does not reflect the condition of the economy. …read more […]

Moderna (MRNA) has announced that the FDA has completed its review of the company’s Investigational New Drug (IND) application for its novel coronavirus vaccine candidate (mRNA-1273).The FDA will now allow the vaccine to proceed to a Phase 2 study, which is expected to begin shortly, Moderna revealed. Shares are surging 15% in Thursday’s pre-market trading, with the stock already recording a whopping 150% year-to-date gain.Looking further ahead, the company is also finalizing the protocol for the Phase 3 study of mRNA-1273, which is expected to begin in early summer of 2020.“The imminent Phase 2 study start is a crucial step …read more […]

Since cases of the novel coronavirus began accelerating in March, U.S air travel demand has sunk by about 95%, forcing airlines to shift their focus from growth plans to parking planes and minimizing their daily cash burn. While the overall number of bookings was “extremely limited,” New York-based JetBlue said it believed demand had reached a floor around mid-April and it expected to have a better sense of the third and fourth quarters by early summer. Following measures to boost its liquidity, JetBlue expects its daily cash burn to fall to just below $10 million in May from …read more […]

Stock futures rose Thursday morning as investors continued to monitor a slew of corporate earnings results and economic data for evidence of the extent of the coronavirus’s impact. …read more […]

Shares in Square Inc. (SQ) depreciated 3.5% in pre-market U.S. trading after the payment processor saw its losses almost triple in the first quarter as the coronavirus pandemic triggered a decline in payment transactions by its business customers.Losses in the first quarter ballooned to $105.89 million, or 24 cents a share, from a loss of $38.15 million, or 9 cents a share, in the year-ago-period. Adjusted net loss per share amounted to 2 cents, versus earnings’ expectations of 13 cents during the same comparative period.Square’s stock slid 3.5% to $65.74 in pre-market U.S. trading after the company said it expected …read more […]

Business jet deliveries are expected to fall this year as the pandemic keeps people under a lockdown, disrupts global travel and slows down economic activity around the world. “Bombardier has begun the gradual resumption of manufacturing operations at both Aviation and Transportation necessary to deliver on our strong rail backlog and to continue the production ramp-up of the Global 7500,” Chief Executive Eric Martel said in a statement. The company said its aviation unit suffered a significant slowdown in orders in March, leading to a $13.6 billion business aircraft backlog at the end of the quarter. …read more […]

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Here’s a fact we bet you haven’t heard.
It’s insane.
In all of World War II, the United States spent $4.7 trillion (in 2019 dollars). It used the money to build some incredible things… tanks, airplanes, monstrous ships and devious bombs.
The money went a long way. The innovations it led to are all around us.
But $4.7 trillion is a lot of money.
To give that amount of cash some context, if we spend $1 million per hour, all day, every day… it would take 576 years to spend what we did to win that war.
But check out this stat from The Washington Post…
All …read more […]

Top news and what to watch in the markets on Thursday, May 7, 2020. …read more […]

(Bloomberg) — British Airways parent IAG SA tapped U.K. government-backed loans to boost liquidity, in a sign of the damage wrought by the coronavirus on even the industry’s strongest players.IAG accessed 300 million pounds ($371 million) from the Coronavirus Corporate Finance Facility in the second week of April, it said Thursday, taking state-supported funding to $1.45 billion including Spanish backing. The group, which initially signaled it wasn’t seeking aid, said it’s essentially grounded until July, when it’ll start restoring flights.Chief Executive Officer Willie Walsh said London-based IAG needs to restructure in all areas as it slims down for a tougher …read more […]