Trading Ideas

“We will maintain a solid balance sheet with ample capital, liquidity and loss allowance reserves that give us strong buffers to absorb external shocks,” DBS CEO Piyush Gupta said in a statement on Thursday. DBS was the first bank in Singapore to report earnings for the quarter. “This was largely due to the spike in provisions, which is likely higher than what the market expects but in fact included a large portion of general provisions which shows the bank wants to buffer ahead,” said Kevin Kwek, a senior analyst at Stanford C. Bernstein. …read more […]

…read more […]

(Bloomberg) — The Trump administration is planning a Manhattan Project-style program to drastically cut the time it takes to develop a coronavirus vaccine. Gilead Sciences Inc. said its experimental treatment remdesivir helped patients recover faster, sending U.S. stocks higher.New York reported a fourth day of declining deaths and is ramping up testing as it moves toward reopening some regions. France and Spain took cautious steps toward lifting restrictions.U.S. economic data showed the country’s record-long expansion is over, with a recession under way. Japan’s industrial production fell less than expected in March but much steeper declines are likely ahead as a …read more […]

Some biotech stocks have been on fire during these COVID-19 driven times. Hardly a surprise, as these companies are at the forefront of finding a solution to the pandemic and bringing viable treatments, vaccines or adequate tests to market. Case in point: Vaccine maker BioNTech (BNTX), which has been mooted as the provider of a possible coronavirus vaccine, and has seen its shares rising 45% year-to-date.Yet, despite liking the company’s vaccine program, Project Lightspeed, JPMorgan’s Cory Kasimov believes the current valuation is just about right.Kasimov said, “We continue to view BNTX as a potentially disruptive company with access to multiple …read more […]

Tesla CEO Elon Musk assailed the social distancing measures in place over the past several weeks in the electric car-maker’s home state of California and across the country, which led to a weeks-long closure at the company’s flagship Fremont factory. …read more […]

…read more […]

The electric car company said forced shutdowns and limits on deliveries had clouded its forecast. …read more […]

(Bloomberg) — Boeing Co. soared after executives outlined a road map to survive the worst downturn in aviation history, and assured investors that the company has the means to make it through. If all goes to plan, the aerospace titan will be generating cash again by next year.The U.S. planemaker is shrinking its workforce by about 10%, or about 16,000 jobs, to conserve cash. Work will slow in its factories, with 787 Dreamliner output cut for a third time in successive quarters. Boeing expects to restart production of the grounded 737 Max this quarter at a gradual pace as key …read more […]

In yesterday’s Trade Talk Tuesdays video, I teased the details behind my recent “lotto scratcher” play on Bed Bath & Beyond (Nasdaq: BBBY).
In short, this play doubled overnight – and it’s still “in play” right now.
So here’s the scoop…
Back on April 15, I shared this with War Room members:
As a reminder, after the close today, Bed Bath & Beyond reports earnings. We all know that the stock is in trouble. Perhaps it’s even approaching “dumpster fire” levels. However, there’s a MAJOR short squeeze that could possibly be in the works. Right now, more than 69 million Bed Bath & Beyond …read more […]

The economy is in shambles. A White House economic advisor expects U.S. gross domestic product to fall by an unimaginable 20% to 30% in the second quarter this year. He also expects Great Depression levels of unemployment.
As a result, we’ve adjusted our ratings here at SafetyNet Pro headquarters to adopt a much more conservative stance.

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) — Oil advanced a second day in Asia on early signs that demand is starting to recover while producers curb output to counter a global glut.Futures in New York rose as much as 6%, after surging 22% on Wednesday. U.S. gasoline stocks fell by 3.67 million barrels compared to an estimated build of 2.49 million, the U.S. Energy Information Administration said Wednesday. Weekly gasoline supplied, an indicator of demand, rose by 549,000 barrels a day, the most since May.The discount on crude for June delivery relative to July, a structure known as contango, tightened to as little as $3.28 …read more […]

Stock futures extended gains Wednesday evening as investor optimism over a coronavirus treatment and a batch of strong earnings results buoyed risk assets. …read more […]

The coronavirus continues to exact a terrible toll on human lives around the world.
It has caused a lot of problems. And global supply chains have come to a grinding halt.
Unfortunately, we are still in the clutches of the virus here in the U.S.
But that’s no longer the case in China. Life is returning to “business as usual.”
In order to jump-start its supply chains, China is focused on 25 “super projects.”
And those projects are in none other than the renewable energy sector.
Harvesting the Wind
The first two super projects were recently announced by China’s state-owned energy giant, China Three Gorges. These will …read more […]

…read more […]

…read more […]