Trading Ideas

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Krishna said the shift to remote work is accelerating the move towards cloud services offered by IBM. The company’s hybrid cloud offers combined management of on-premises and remote computers for clients. Executives said most IBM customers were relatively well positioned for the pandemic and the company would continue to pay dividends. …read more […]

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Qualcomm (QCOM), the world’s largest mobile chipmaker, hasn’t had an easy ride in 2020. Of course, you can say that about an ever-growing number of companies, but the semiconductor giant’s large exposure to China and accompanied uncertainty concerning Apple’s 5G enabled phone launch, has seen it underperform its peer group.But according to Tigress Financial’s Ivan Feinseth, there’s no need to ring the alarm bells. In fact, the 5-star analyst argues, there are numerous short- and long-term drivers for Qualcomm, that its “leadership position in the global high-speed 5G network rollout will overcome any near-term COVID-19 pandemic-related weakness.” Accordingly, the 5-star …read more […]

(Bloomberg) — Oil rebounded in early Asia trading after plunging below zero for the first time in history but remained deep in negative territory as the U.S. benchmark’s May contract entered its final trading session.Crude for May delivery rose more than $20 to minus $16.10 a barrel, after sinking to as low as minus $40.32 a barrel during Monday’s jaw-dropping collapse. With the coronavirus pandemic bringing the U.S. economy to a standstill, refiners are using far less crude, leaving so much unused oil sloshing around that American energy companies are running out of room to store it. And if there’s …read more […]

Stock futures kicked off the overnight session slightly higher and June contracts for domestic crude oil recovered some losses after Monday’s sharp declines. …read more […]

I’ll admit, I may not be the most suited to recognize what’s “normal.”
I’ve been publicly described as awkward. (And that’s by my employer!)
But I can tell you this: Something doesn’t feel right.
The markets appear alien to me right now. I’m talking “the Bug from Men in Black walking around in its Edgar suit” kind of alien.

Sure, the markets are trying to pass as normal. But the way they are moving is jerky and unnatural.
And that’s why I believe this is potentially one of the most dangerous market stretches for investors.
Apocalypse: Then
Bear markets don’t end with investors in a three-point stance.
Bear …read more […]

Today, Income Expert Marc Lichtenfeld examines the recent insider trading scandal — that’s insider buying or selling — surrounding Senator Richard Burr. He allegedly sold shares in response to insider knowledge about COVID-19’s likely impact on stocks he owned.
The truth is, people with insider knowledge about the market often use that information to enrich themselves through insider buying or selling. But most of the time, if this trading is done legally, there’s actually a way that you can track their behavior.
Me: Can this Congress be any more unlikable?
Sen. Richard Burr: Hold my beer.
If you’re unfamiliar with the “hold …read more […]

Crude oil, Netflix and Chipotle earnings will be on investors’ radars Tuesday. …read more […]

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Hertz had about 38,000 employees as of Dec. 31, 2019, of which 29,000 were at its U.S. operations. The company, which counts billionaire investor Carl Icahn as its largest shareholder, will incur employee termination costs of about $30 million, it said in a regulatory filing. The terminations were effective April 14 for non-union employees and effective April 21 for union employees, the company said. …read more […]

(Bloomberg) — Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp were sued by small businesses that accused the lenders of prioritizing large loans distributed as part of the virus rescue package, shutting out the smallest firms that sought money.The four banks processed applications for the largest loan amounts because they generated the highest fees, rather than processing them on a first-come-first-served basis as the government promised, according to lawsuits filed Sunday in federal court in Los Angeles.As a result, thousands of small businesses that were entitled to loans under the program administered by …read more […]

Stocks tumble after crude oil trades negative for the first time ever. Yahoo Finance’s Jared Blikre joins Jen Rogers to break down the day’s price action, along with a Yahoo Finance Premium Investment Idea to short Orange S.A. (ORAN) for a potential 5 to 1 reward risk ratio. …read more […]

On Monday, IBM posted quarterly revenue slightly lower than expected, but topped profit targets as sales in its high-margin cloud computing business rose 19%. The company also withdrew its 2020 annual forecast. The Final Round panel discusses the details. …read more […]