Trading Ideas

Last week saw the strongest stock market gains in 46 years, as a bear market rally sparked a surge of opportunistic buying and investor confidence. Investors appear to have gotten used to the idea that times are bad right now; the shock has worn off, and traders are willing to buy again despite heightened risk.In a technical analysis report on recent trading, a JPMorgan team led by Jason Hunter, advised, “Key tactical support rests at 2350-2386. Breaks below would open the door for a more substantial retest of the Mar low. If that unfolds, we expect support in the 2100s …read more […]

David George, Baird Senior Research Analyst, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to break down the latest bank earnings results. …read more […]

The $2.2 trillion stimulus bill recently passed by Congress sensibly restricts large companies getting help under that bill from distributing capital to shareholders or paying outsized executive compensation. …read more […]

All the news right now is about the coronavirus and its effect on the economy – and rightly so. The damage – from lockdowns, quarantines, trade and travel restrictions – is unprecedented. US unemployment claims have rocketed in recent weeks, and government data indicates that between 14 and 17 million Americans are unemployed due to the shutdowns. There is no longer any question about hitting a recession – it’s here. What matters now is, how deep will it go, how long will it last, and how steeply will it recover.Stock markets plummeted when the lockdowns began, but last week was …read more […]

Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jetliners from Latam Airlines Group ), two industry sources said. Airbus announced the cancellation of 10 A350 aircraft in a monthly order update last week. Industry sources said the order for the 10 planes had been transferred to Delta under plans anticipated when the two carriers forged an alliance in 2019. …read more […]

The U.S. government has poured trillions of dollars into financial markets and launched stimulus programs to support individuals and small businesses whose income has stalled due to the virus. “Our results were impacted by a $3.1 billion reserve build, which reflected the expected impact these unprecedented times could have on our customers,” Chief Financial Officer John Shrewsberry said in a statement. The fourth-largest U.S. lender’s quarterly profit fell to $42 million, or 1 penny per share, from $5.51 billion, or $1.20 per share, a year earlier. …read more […]

Cisco Systems Inc on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additional leeway at time when some are facing a cash crunch but also need more remote-work tools. As the coronavirus forces many businesses to operate entirely online, many of them have adopted or boosted usage of video conferencing and virtual private network software, including Cisco’s Webex and AnyConnect. The surge in internet activity has also increased usage of networking equipment that Cisco also sells. …read more […]

Oil and natural gas stock Chesapeake Energy (CHK) has announced that shareholders have now approved a reverse stock split, at a ratio of 1-for-200.With shares now trading at just $0.16, the reverse split is intended to increase the per share trading price to satisfy the $1 minimum bid price requirement for continued listing on the NYSE.As a result of the reverse stock split, 200 shares of CHK’s common stock will automatically combine into one share, and the number of shares of common stock outstanding will be accordingly reduced from roughly 1.96 billion to 9.78 million.The split will become effective at …read more […]

To the annoyance of some shareholders, Discover Financial Services (NYSE:DFS) shares are down a considerable 30% in… …read more […]

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Celebrations may be in order for Blue Apron Holdings, Inc. (NYSE:APRN) shareholders, with the analysts delivering a… …read more […]

Top news and what to watch in the markets on Tuesday, April 14, 2020. …read more […]

Exxon Mobil (XOM), the US’s largest oil producer, has now raised $9.5 billion in new debt by selling five different bonds with durations of five years to 31 years. In a sign of strong investor demand, XOM raised $9.5 billion instead of the $9 billion originally intended.Moreover, the company paid a lower price to borrow than it did in the $8.5 billion March deal. For instance, it now priced a 10.5-year bond worth $2 billion at a 185 basis-point premium to U.S. Treasuries with a 2.61% yield, whereas in March, Exxon sold $2 billion in debt with a 10-year duration …read more […]

(Bloomberg) — Norwegian Air Shuttle ASA is fighting for survival, with a last-ditch plan to convert debt to equity driving its share price down as much as 63% during the first frantic moments of trading on Tuesday.Norwegian Air’s proposal will dilute shareholders already counting their losses after Covid-19 ruined the company’s efforts to return to profitability. The plan calls for creditors, including aircraft lessors and suppliers, to convert as much as 44.5 billion kroner ($4.3 billion) in debt in order to meet government terms for the carrier to access a state aid package, and for a private placement.In the first …read more […]

There are many industries that are not performing well in the current market environment. That said, if you’re currently in business, cloud computing isn’t a bad place to be even now. As a result, there are some cloud computing stocks definitely worth watching right now.

What is Cloud Computing?
First of all, what is “the cloud.” It is not some fluffy white mist in the sky. The cloud is essentially composed of computer servers that enable you to access applications and software from anywhere in the world via the internet.
Do you remember the days when you had to physically load software …read more […]