Trading Ideas

U.S. crude inventories rose by 10.5 million barrels last week, far exceeding forecasts for a 4 million barrel build-up, data from industry group the American Petroleum Institute showed. Wednesday’s opening session left oil prices marooned near their lowest levels since 2002 amid the global coronavirus crisis that has brought worldwide economic slowdown and slashed oil demand. Crude futures ended the quarter down nearly 70% after record losses in March. …read more […]

(Bloomberg) — The coronavirus pandemic has frozen the Chinese gold market, torpedoing demand at a time when investors elsewhere in the world are clamoring for the safety of bullion.China is the biggest buyer of gold bars, coins and jewelry, but the national shutdown to contain the virus has emptied malls, while the premium charged to buy the metal in China has evaporated. It leaves the industry staring down a long road to recovery, even as Beijing tries to jump-start broader consumption with a campaign to get shoppers out and about.The market’s struggles in China may present a headwind for prices, …read more […]

The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the emergency oil reserve, as it seeks to comply with President Donald Trump’s directive to fill the facility to capacity, two industry sources said. The Strategic Petroleum Reserve, or SPR, has the capacity to take another 77 million barrels of oil, a little less than the country uses in four days. Trump ordered the Department of Energy, or DOE, on March 13 to take advantage of low oil prices and fill the reserve “to the top”, in …read more […]

Thanks to a socially distant world, the amount of people video chatting on platforms like Zoom and Skype is skyrocketing.
I’ve written about Zoom right here on Trade of the Day – as a great play during these times.
And today I’m starting a new initiative to stay connected with you via this new video format. I call it Trade Talk Tuesdays.
In today’s segment, I reveal my top quarantine play that nobody is talking about. This stock is going to see a massive increase in sales in the next “hoarding phase” – and I’m not talking about toilet paper.
Right now, it’s an …read more […]

In every market crash, there is always at least one epic investing success story – someone who saw big trouble coming and didn’t just avoid it, but scored windfall profits because of it.
Last time around, in 2008 and 2009, that success story was so big that Hollywood made a movie about it – The Big Short.
Given that The Big Short had an A-list cast that included Brad Pitt, Christian Bale, Ryan Gosling and Steve Carell… chances are that you saw it.

The story was so good that The Big Short even earned several Academy Award nominations.
If you didn’t see it, here …read more […]

Stocks futures kicked off the overnight session little changed on the heels of another down day during regular equity trading, during which the Dow solidified its worst quarterly drop since 1987. …read more […]

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(Bloomberg) — Tesla Inc. tends to pull out all the stops at the end of each quarter, with Chief Executive Officer Elon Musk often rallying the troops to deliver as many vehicles as possible to customers.This approach probably didn’t work well for Tesla in March, with shelter-in-place orders and distancing guidelines around the globe limiting how many vehicles the company could hand over. While Musk tried to salvage the quarter by introducing a “touchless” delivery option in select locations, the coronavirus pandemic is expected to have done a number on demand for all automakers.Analysts on average estimate Tesla delivered roughly …read more […]

COVID-19 whacking the broader markets was only one part of the story.
As the Dow Jones Industrial Average, Nasdaq and S&P 500 tumbled more than 30% from all-time highs to multiyear lows, individual sectors cratered even harder.
One of those sectors was cannabis.
The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) has been having a wild 2020. As the rest of the market stalled at the start of the year, the pot stock index rocketed higher. Then, when everything was mauled by the bear, the ETF fell almost 50% at its lowest level…

The Marijuana Index ETF found a bottom before the Dow, …read more […]

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The decision came after Xerox said earlier this month it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic. It is a blow to billionaire investor Carl Icahn, who owns big stakes in both companies and had pushed for their merger. Xerox’s board concluded that pursuing the takeover without having access to HP’s books, so that it could assess the impact of the coronavirus pandemic on HP’s business, would be too risky, the sources said. …read more […]

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Daily U.S. user volumes rose to a record 4.84 million on Monday for Zoom, as millions of children switched to virtual learning programs and companies asked employees to work from home to contain the outbreak. Business-focused Teams was used by 1.56 million users on the same day, while Slack saw less than 500,000 users. Zoom declined to comment on usage statistics, but its active users in March were 151% higher on average from a year earlier, according to Apptopia. …read more […]

Yahoo Finance’s Editor-in-Chief Andy Serwer sat down with Former National Security Advisor Susan Rice to discuss the U.S. government’s response along with New York Governor Andrew Cuomo’s response to the coronavirus pandemic. …read more […]

Yahoo Finance’s Dan Howley joins Seana Smith to discuss the new FBI warnings about the safety of video conferencing software Zoom. …read more […]