Trading Ideas

In this article we are going to estimate the intrinsic value of Dow Inc. (NYSE:DOW) by taking the expected future cash… …read more […]

Top news and what to watch in the markets on Tuesday, April 7, 2020. …read more […]

Carnival Corp.’s (CCL) shares climbed 21% after Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), on Monday disclosed an 8.2% stake in coronavirus-hit Carnival Corp.PIF made the offering for Carnival’s 43.5 million shares worth about $369.3 million on March 26, according to the SEC filing. The investment makes PIF the second-largest investor in the world’s biggest cruise line.Since the start of the year, Carnival has seen its shares lose more than three-quarters of their value as the coronavirus pandemic has forced cruise ship companies to halt operations and suspend cruises.Wall Street analysts take a cautious stance on Carnival …read more […]

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Traders seeking to store oil have put their plans on hold this week after prompt Brent crude futures surged against future months and made storage uneconomical, despite overwhelming supplies in the market, industry sources said on Tuesday. Front-month Brent crude prices have jumped since Friday on expectations that Saudi Arabia and Russia may strike a deal to cut output and support prices. “Demand has collapsed and supply is gushing,” said Ashok Sharma, managing director of shipbroker BRS Baxi in Singapore. …read more […]

(Bloomberg) — Megvii Technology Ltd. for the first time revealed the stunning growth fueled by a nation’s obsession with security.The Alibaba Group Holding Ltd.-backed startup tripled revenue to 949 million yuan ($133 million) in the first half. It generated more than 73% of those sales from AI services for major clients like government agencies, hospitals and real estate developers, the company said in a filing to the Hong Kong Stock Exchange.Seven-year-old Megvii is said to be angling to raise as much as $1 billion in its initial public offering, becoming the first of China’s fast-rising AI stars to debut and …read more […]

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(Bloomberg) — U.S. and European stock futures advanced along with sovereign bond yields on continuing optimism that the deadly coronavirus outbreak may be waning in some key epicenters.The dollar, a key barometer of funding strains, retreated the most since late March. In another sign of easing stress, Indonesia mounted a record dollar bond sale. The MSCI Asia Pacific Index climbed almost 2% after advancing nearly 3% Monday. Futures on the U.S. S&P 500 rose after the index yesterday closed at its highest since March 13.China’s stocks climbed and the yuan edged up as markets there reopened in the wake of …read more […]

Roku, Inc. (ROKU) has announced the arrival of “The Roku Channel” in the UK, a streaming channel providing consumers with free access to 10.000+ movies, TV episodes and documentaries. Boosted by a strong stock market session, ROKU shares surged 10% on Monday, bringing the year-to-date loss to 33%.There are no subscriptions or fees required to access The Roku Channel, but the programs will be interspersed with ads. Consumers must also own either a Roku streaming player, Roku TV, NOW TV device or Sky Q box.The UK Roku Channel will feature popular global and British TV series, alongside a special Kids …read more […]

China’s Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it. Ucar, in which Lu is chairman and CEO, said in a statement late on Monday that the company applied to halt trading in its shares to avoid abnormal price fluctuations and protect investor interest amid media reports on the company. Chinese media reports have linked the firm with Luckin, which said last week an internal investigation revealed sales …read more […]

A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing on Monday. UPS separately said that a “valued member of our management team” at its Worldport global shipping hub in Louisville, Kentucky, had died. UPS employs roughly 20,000 workers in the Louisville area – mainly at Worldport, which is central to the U.S. government’s effort to rush in medical supplies for healthcare workers. …read more […]

Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three OPEC+ sources told Reuters on Monday. Worldwide oil demand has dropped by roughly 30%, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply. Last week, in response to a weeks-long market rout, the Organization of the Petroleum Exporting Countries and its allies …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]

(Bloomberg) — From Russia’s northeastern coast of Sakhalin to the Permian basin in the U.S., oil is going cheap as sellers slash prices in a desperate attempt to attract buyers.Refiners across the world have made deep cuts to crude-processing rates due to slumping consumption and a growing fuel glut, leaving producers struggling to find buyers for their cargoes. Sellers, meanwhile, are aggressively dropping the price of their oil while they tussle for the remnants of demand, with the prospect of forced output cuts looming as global storage swells.In recent days, benchmark crude prices have rallied in the financial markets, primarily …read more […]