Trading Ideas

Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. Brent crude was up 69 cents, or 2.5%, at $28.38 a barrel by 0102 GMT. U.S. West Texas Intermediate (WTI) was up 56 cents, or 2.8%, at $20.43. …read more […]

China, where the coronavirus pandemic started in December, is cautiously trying to get back to business, but it’s not easy when many millions of workers are wary of spending much or even going out. Millions of families were told to stay home under unprecedented controls that have been copied by the United States, Europe and India. The ruling Communist Party says the outbreak, which killed more than 3,340 people among more than 82,341 confirmed cases as of Thursday, is under control. …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 […]

Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. Brent crude was up 69 cents, or 2.5%, at $28.38 a barrel by 0102 GMT. U.S. West Texas Intermediate (WTI) was up 56 cents, or 2.8%, at $20.43. …read more […]

The news comes as the fast-spreading pandemic led to the extension of the “no sail order” for all cruise ships by the U.S. Centers for Disease Control, as it looks to curb the spread of the virus. “A majority were layoffs,” a company spokesperson said, without specifying separately the percentage of furlough and layoffs. …read more […]

The global economy is already in the early throes of a recession, but business is booming at Amazon (AMZN). As Deutsche Bank’s Lloyd Walmsley puts it: “it may not be judicious for the company to be perceived as profiting from the COVID-related turmoil.”The proof is in the pudding. While unemployment figures have risen dramatically since the viral outbreak has sent millions of workers home, Amazon has set in motion the hiring of an additional 100,000 employees to help with the surging demand. According to the NY Times, orders for Amazon groceries are 50 times higher than normal during this stay-at-home …read more […]

A U.S. judge canceled a key permit Wednesday for the Keystone XL oil pipeline that’s expected to stretch from Canada to Nebraska, another setback for the disputed project that got underway less than two weeks ago following years of delays. Judge Brian Morris said the U.S. Army Corps of Engineers failed to adequately consider effects on endangered species such as pallid sturgeon, a massive, dinosaur-like fish that lives in rivers the pipeline would cross. Pipeline sponsor TC Energy will need the permit for future construction across hundreds of rivers and streams along Keystone’s 1,200-mile (1,930-kilometer) route. …read more […]

(Bloomberg) — The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.On Sunday, producer nations pledged to limit output by an unprecedented 10% of global supply. While there’s skepticism the cuts will prove deep enough — demand has plunged by far more — a more pressing issue is one of timing: the real market, the one that underpins headline prices, has a huge glut and the output curbs won’t even begin until May. Before then, it’s pump at will so the curbs won’t really affect …read more […]

Already sanctioned by the SEC on a fraud charge, Elon Musk and Tesla fight a civil suit on his buyout claim. …read more […]

(Bloomberg) — GoPro Inc. said it will cut more than 200 jobs, shift the company’s sales operation to market its digital adventure cameras directly to consumers and withdraw its 2020 financial guidance in response to the Covid-19 pandemic.The operational changes, staff reductions of more than 20% and cuts to office space will save $100 million in 2020, and reduce expenses next year to $250 million, the San Mateo, California-based company said Wednesday in a statement. GoPro said its shift to direct sales will mean a stronger focus on its website. The company said it still will use retail outlets for …read more […]

Stock futures opened slightly lower Wednesday evening after a batch of historically weak economic data revealed the extent of the coronavirus’ damage on the domestic economy. …read more […]

What’s the next panic-buy sector?
Well, according to Doug McMillon, the CEO of Walmart, it’s hair products.
How on earth can you play that?
Luckily for you, I reveal that below – in this special Wednesday continuation of Trade Talk Tuesdays!
Check it out by clicking the link below…

For full instructions on how to play picks like this, join me in The War Room!
The post Walmart CEO Reveals Next Panic-Buy Sector appeared first on Investment U. …read more […]

Stocks fell Wednesday after new economic data showed U.S. retail sales and manufacturing output each declined by massive margins in March amid the coronavirus pandemic. …read more […]

…read more […]

(Bloomberg) — Gilead Sciences Inc. is considering acquiring a stake in Arcus Biosciences Inc., a cancer therapeutics company backed by Alphabet Inc., people familiar with the matter said.The companies have held discussions about Gilead taking a significant stake in the Hayward, California-based company, and also about possible development partnerships, said the people, who asked not to be identified as the details are private.Arcus shares jumped as much as 54% after the close of regular trading Wednesday. Earlier in the day, the shares fell 7.2% to $15.58 in New York during the regular trading session, giving the company a market value …read more […]