No Picture
Trading Ideas

Nokia shares surge on report of takeover bid

“Nokia does not comment on market rumours,” said a spokesman for the company. Earlier on Thursday shares in Nokia surged 12.5%, with traders pointing to a report by online newspaper TMT Finance that said the group was working to defend itself from a hostile takeover bid for parts or all of its business. The TMT Finance report said Nokia had hired Citi, a regular investment banking partner of the Finnish firm, for the deal which could be worth $17.4 billion. …read more […]

No Picture
Trading Ideas

Nokia declines to comment on media report of hostile takeover bid

“Nokia does not comment on market rumours,” said a Nokia spokesman. Earlier on Thursday shares in Nokia surged 12.5% with traders pointing to a report by online newspaper TMT Finance that said Nokia was working to defend itself from a hostile takeover bid for parts of its business or the whole company. …read more […]

No Picture
Trading Ideas

3 Compelling Penny Stocks With at Least 50% Upside Potential

Dark clouds are looming over Wall Street, and the storm only appears to be intensifying. The market was dealt another blow on Wednesday April 15, with all three of the major U.S. stock indexes sliding on grim economic data and disappointing earnings reports from banks.According to a Commerce Department report, March saw retail sales fall sharply, 8.7% to be exact. This marked the largest one-month drop since 1992, when the department began tracking the metric. Manufacturing in the New York area also declined by its largest margin ever, reaching a historic low to exceed levels witnessed during the Great Depression. …read more […]

No Picture
Trading Ideas

Morgan Stanley Warns on Outlook After 30% Quarterly Profit Drop

Morgan Stanley (MS) reported a 30% profit decline in the first quarter missing analysts’ expectations, while warning that the coronavirus-related economic pain will continue to have adverse effects on the attainment of its future financial results.Earnings attributable to common shareholders declined to $1.59 billion, or $1.01 per share, in the first quarter ended March 31, from $2.34 billion, or $1.39 per share, a year ago. Analysts had expected a profit of $1.14 per share. Net revenues slid to $9.5 billion in the first three months of the year from $10.3 billion a year ago.Looking ahead, Morgan Stanley warned that the …read more […]

No Picture
Trading Ideas

Liberty TripAdvisor Stock Review: Penny Stock Powers Ahead During Outbreak

Liberty TripAdvisor stock is reaching new heights while the rest of the market is plummeting. The world’s largest travel platform is making headlines and raising the eyebrows of investors across the nation. Why is LTRPB stock soaring during such a difficult market?
Liberty TripAdvisor Holdings (Nasdaq: LTRPA, LTRPB) is just as confused as everyone else. The company released a statement on April 15th admitting that it’s “not aware of the reasons for the recent volatility in its stock price.”

Why is Liberty TripAdvisor Stock Mysteriously Soaring?
The current stock market is down over 600 points. However, LTRPB stock is flourishing. That is Liberty …read more […]

No Picture
Trading Ideas

Goldman Sachs: 2 S&P 500 Stocks to Buy (And 1 to Avoid)

Since the virus scare began, and during the economy’s swing from bull to bear, investment bank Goldman Sachs has kept its finger on the pulse of the stock market. Fortunately for investors, the bank predicts that the S&P 500 won’t register new lows, and has been advising clients to ‘buy the dip.’Silvia Ardagna, of the GS Private Wealth Management investment strategy group, noted, “Our own advice to clients is that right now is a good time to get back into markets and take advantage of the decline in equity markets to position for the rebound.”Ardagna and her team see a …read more […]

No Picture
Trading Ideas

Gold Giant Newmont Says Metal Could Top $2,000 on Stimulus

(Bloomberg) — Gold could top $2,000 an ounce and will remain elevated over the next five years as the global economy contends with the impact of the coronavirus pandemic, according to the head of Newmont Corp., the world’s top miner of the precious metal.“The level of stimulus globally that’s going into the economy certainly underpins higher gold prices for the longer term, and I don’t think that stimulus has stopped yet,” Chief Executive Officer Tom Palmer said Thursday in a phone interview from Perth. “You could certainly see scenarios that have it pushing north of $2,000.”Spot bullion is trading around …read more […]