Trading Ideas

Weekly highlight of Yahoo Finance’s top tech news, features and analyses. …read more […]

Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector’s broadest plan to reduce greenhouse gas emissions to net zero by 2050. “Society’s expectations have shifted quickly in the debate around climate change,” Chief Executive Officer Ben van Beurden said in a statement. “Shell now needs to go further with our own ambitions, which is why we aim to be a net-zero emissions energy business by 2050 or sooner.” …read more […]

Beleaguered cruise operator Carnival Corp (CCL) is considering temporarily limiting the number of passengers on each cruise, according to Business Insider.One option currently under consideration for when its cruises restart is to stop passengers from booking specific cabins, sources told Business Insider. For instance, the only cabins available for booking would be alternate cabins or those with fresh air access.In fact, according to the travel agents and industry experts, Carnival is already reporting solid demand trends for 2021, says the LA Times.An online poll by CruiseCritic.com suggests that 75% of cruise passengers plan to rebook at the same rate or …read more […]

(Bloomberg) — European stocks rose alongside U.S. equity futures on Thursday, trimming some losses from a day earlier as investors seeking to gauge the extent of damage caused by the coronavirus await the next set of corporate earnings and economic data. The dollar extended gains.The Stoxx Europe 600 Index opened higher with all sectors and major national gauges in the green. Contracts for the three main American benchmarks also advanced after sliding on Wednesday amid miserable economic data. Shares fell in Hong Kong and Japan while stocks in China saw modest gains. Treasuries edged lower after rallying a day earlier …read more […]

Taiwan Semiconductor Manufacturing Co Ltd’s (TSMC) first-quarter net profit almost doubled, beating analyst estimates, as strong demand for faster chips helped offset disruptions caused by the coronavirus pandemic. The world’s largest contract chipmaker, whose clients include tech companies such as iPhone maker Apple Inc, said profit in the January-to-March period was T$116.987 billion ($3.89 billion), up 90.6% from a year earlier. Buoyed by demand for advanced chips from clients investing in 5G technology and artificial intelligence, TSMC’s revenue rose 45.2% to $10.31 billion, versus its forecast range of $10.2 billion to $10.3 billion. …read more […]

(Bloomberg) — U.S. stock index futures rose, erasing earlier losses, as investors weighed whether the coronavirus outbreak is slowing enough for the government to move toward relaxing stay-at-home rules.Contracts on the S&P 500 rose 0.9% as of 7:48 a.m. in London, erasing an earlier loss of 1.1%. President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the outbreak is plateauing in parts of the country.“Investors are expecting economic activity to resume soon, as the virus appears to be peaking out,” said Naoki Fujiwara, chief fund manager at Shinkin Asset Management Co. “But …read more […]

Goldman Sachs Group’s (GS) quarterly profit almost halved as the U.S. investment banks set aside almost a $1 billion to cover potential loan losses tied to the coronavirus pandemic.Net earnings in the first quarter ended March 21, slumped 49% from the year-ago period to $1.21 billion. Diluted earnings per common share (EPS) fell to $3.11 in the first three months of the year from $5.71 in the same period last year 2019. Goldman missed analysts’ estimates expecting a profit of $3.35 per share on average. The investment bank’s stock rose a mere 0.2% to $178.52.Provision for credit losses increased …read more […]

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. forecast revenue growth of roughly 30% this quarter, suggesting the chipmaker to Apple Inc. and Huawei Technologies Co. is confident of resilient demand for advanced semiconductors during a pandemic-induced downturn.The world’s largest contract chipmaker expects revenue of between $10.1 billion and $10.4 billion from April to June, at a time Covid-19 is spreading across the globe. That forecast followed a near-doubling of net income to NT$116.99 billion ($3.9 billion) for the three months ended March, when demand for advanced silicon remained steady during the pandemic.The robust results from TSMC, a barometer for the tech …read more […]

Moderna Inc (MRNA) has hosted a virtual Vaccines Day- following which four analysts reiterated their buy ratings on the stock. Roth Capital’s Yasmeen Rahimi also boosted her MRNA price target from $33 to $41. This wave of bullish sentiment sent shares soaring over 7% in Wednesday’s trading.At the event company management and infectious disease key opinion leaders discussed scientific, regulatory, and commercial considerations with respect to Moderna’s vaccine programs and the vaccine space more broadly.“Not surprisingly, SARS-CoV-2, the virus behind the Covid-19 outbreak featured prominently, with discussions of the virus itself, Moderna’s clinical plan (now enrolling the highest [250 µg] …read more […]

Shares of cancer therapy researcher Arcus Biosciences (RCUS) traded up over 50% in after-hours trading on Wednesday following a Bloomberg report indicating that Gilead Sciences (GILD) is considering acquiring a stake in the company.Arcus, which is partly backed by GV, Alphabet’s (GOOGL) venture capital investment unit, had previously dropped 7% in Wednesday’s trading.RCUS has a number of I/O [immuno-oncology] clinical assets, with AB154 (anti-TIGIT) receiving considerable attention following the advancement of a competitor candidate (Roche’s tiragolumab) into Phase III studies earlier this year.According to Mizuho Securities analyst Mara Goldstein such a move would make sense for Gilead. According to the …read more […]

Taiwan Semiconductor Manufacturing Co Ltd’s (TSMC) first-quarter net profit almost doubled, beating analyst estimates, as strong demand for faster chips helped offset disruptions caused by the coronavirus pandemic. The world’s largest contract chipmaker, whose clients include tech companies such as iPhone maker Apple Inc, said profit in the January-to-March period was T$116.987 billion ($3.89 billion), up 90.6% from a year earlier. Buoyed by demand for advanced chips from clients investing in 5G technology and artificial intelligence, TSMC’s revenue rose 45.2% to $10.31 billion, versus its forecast range of $10.2 billion to $10.3 billion. …read more […]

(Bloomberg) — The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.Next month, the nation’s coffers will get less than $1 for each exported barrel of oil, according to Bloomberg calculations based on the data from the Russian Finance Ministry. Oil export duty in May is set to tumble by 87%, compared to April, reflecting crude’s biggest crash in a generation.“This duty level is the lowest since 2002 when the new export duty mechanism was introduced,” a representative from Russia’s Finance Ministry told …read more […]

(Bloomberg) — Lim Hock Chee and his wife used to sell chilled pork at a rented stall in a grocery store.Now, after more than 35 years, his family operates 61 supermarkets across Singapore and has joined the ranks of billionaires.Shares of their Sheng Siong Group Ltd., which competes with Amazon.com Inc. in the city-state, rose to a record Wednesday as supermarkets have become the preferred place to shop after the government imposed a partial lockdown to contain the coronavirus pandemic. The stock has rallied more than 30% since a March 19 closing low.The family’s combined fortune, based on their 57% …read more […]

The memo was from Chief Executive Oscar Munoz and President Scott Kirby. Like other U.S. airlines, travel demand for Chicago-based United has cratered as most U.S. states have ordered residents to stay at home in order to contain spread of the coronavirus. United said it flew less than 200,000 people in the first two weeks of April, a 97% drop from the more than 6 million people it flew during the same time in 2019. …read more […]

(Bloomberg) — Oil was anchored near $20 a barrel after closing at an 18-year low as concerns over virus-led demand destruction outweigh an agreement by the world’s biggest producers to curb supply.U.S. crude stockpiles ballooned by a record 19.2 million barrels and gasoline consumption held near the lowest level in three decades last week as efforts to stem the spreading coronavirus curb travel and keep people in their homes. The International Energy Agency said Wednesday that even output cuts by OPEC+ couldn’t counter the demand collapse caused by the pandemic.Oil has erased around two-thirds of its value this year as …read more […]