Trading Ideas

(Bloomberg) — European stocks advanced with U.S. futures after equities in both markets climbed for the fourth time in five sessions amid investor debate over whether there’s ground for a sustained rally given the continued spread of the coronavirus.The Stoxx Europe 600 opened higher as battered travel and leisure shares rebounded. The World Health Organization said there are signs of some stabilization in Europe’s coronavirus outbreak. Shares traded mixed in Asia, with markets rising in South Korea and Hong Kong as China reported a stronger-than-anticipated manufacturing index. They fell in Japan and Australia.The dollar climbed for a second day against …read more […]

Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd, marking the e-commerce giant’s fifth investment in a large courier, two people with knowledge of the matter told Reuters. Alibaba is looking to buy the stake from Yunda’s controlling shareholders – founding couple Nie Tengyun and Chen Liying – who own 52.19% of Yunda through their wholly owned firm Shanghai LuoJieSi Investment Management, said one of the people. The other person said China’s dominant e-commerce firm could go beyond 10% and buy up to 15% of Shenzhen-listed Yunda. …read more […]

(Bloomberg) — Two decades since the euro began, one of the principal worries of its founders is materializing as the coronavirus rages through the region’s third-largest economy.The longstanding suspicion that Italy’s profligate borrowing could ultimately become the whole of Europe’s problem was the recurring nightmare of German finance officials throughout the 1990s.Now, as the crisis forces Giuseppe Conte’s government to jettison a decade of tightly capped Italian budget deficits, the country’s strategy for the future is once again built on piling up debt, sending its public borrowings swelling toward or even beyond 150% of gross domestic product.The increasing death toll …read more […]

(Bloomberg) — Chris Smalls, an Amazon.com Inc. fulfillment center employee, said the company fired him after he led a strike at a warehouse in Staten Island, New York, over coronavirus safety conditions.“Taking action cost me my job,” Smalls said Monday in a Bloomberg TV interview. “Because I tried to stand up for something that’s right, the company decided to retaliate against me.”A group of workers at the Staten Island fulfillment center walked off the job Monday to demand Amazon close the facility for extended cleaning, the latest in a wave of virus-related protests. They say a number of their colleagues …read more […]

Boeing is contractually obligated to remedy the deficiency at no additional cost to the government, the Air Force said in a statement. “The Service’s KC-46 Program Office first identified excessive fuel leaks in July of 2019 after an air refueling test,” the Air Force said, adding it is working with Boeing to determine the root cause of the issue and take corrective action. It is the latest problem for Boeing, which has been struggling to get its 737 MAX aircraft flying again following two fatal crashes in 2018 and 2019. …read more […]

(Bloomberg) — As the coronavirus prompts talk of an earnings recession for most Asian emerging stocks, there’s an industry that’s holding up: chipmaking.The worldwide lockdowns due to the virus and the ensuing contractions in output have sparked indiscriminate selling across industries, and dismal earnings forecasts for this quarter and beyond — except for the tech industry.Micron Technology Inc. last week reported adjusted earnings that beat Street estimates by 24% and predicted stronger-than-expected revenue, fueling optimism about other chipmakers’ prospects. With most of the population in major economies worldwide working or learning remotely, online and ecommerce services are booming, stoking demand …read more […]

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Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand. Oil markets have faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after OPEC and other producers failed to agree on deeper cuts to support oil prices in early March. U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials discuss stabilizing oil markets, …read more […]

China suddenly shut down approximately 600-700 cinemas (again) despite its original plan to gradually reopen as a result of the slowdown. …read more […]

The coronavirus crisis could become a protracted pandemic if lock-downs are terminated prematurely or prove less than fully effective. …read more […]

(Bloomberg Opinion) — The U.S. is finally starting to take a sensible and proactive approach toward the Covid-19 pandemic. After a disastrous initial failure, coronavirus testing has now risen to levels similar to or higher than South Korea. Meanwhile, although he almost succumbed to the temptation to reopen the economy before shutdowns had time to quell the epidemic, President Donald Trump has wisely decided to recommend that social distancing continue through the end of April. And Congress, showing rare unanimity and boldness, passed a huge relief package that will sustain most households and many businesses throughout the next couple of …read more […]

It has been a rollercoaster month for investors of beleaguered airline Boeing (BA). To recap: the stock dropped during the first three weeks of March all the way down to $95 per share, an amazing loss of 66%. However, last week’s relief rally saw the share price reclaiming 70% of its value. Will the volatility continue? Possibly, as there are currently a wide variable of unknowns concerning the A&D giant’s future.Nevertheless, Credit Suisse’s Robert Spingarn slashed his price target on Boeing shares to $187 (from $367), which still implies about 23% upside from current levels. Despite the profit potential, the …read more […]

Lost in the 24/7 coronavirus coverage is the odd, strange and completely uncertain takeover story that’s now playing out between two of the most extreme luxury retailers in the world.
I’m going to detail the entire situation for you below, which could lead to an extremely lucrative moneymaking opportunity in the very near future.
I find this story so incredibly interesting because you don’t typically see a situation in which the highest of the high-end retailers find themselves squabbling about price.
That’s for the price-conscious shoppers at Walmart and Target, right?
In this case… wrong.
In fact, as you’ll see below, two retailers squabbling about …read more […]

Funding strains in the municipal debt market are forcing states and cities into balancing layoffs against providing essential services to Americans that were laid off themselves. …read more […]

Editor’s Note: Please join my colleagues and Tori Barnes from the U.S. Travel Association online at noon on April 1 for a live discussion of these issues and themes. We’ll present details from multiple industry sectors as well as explain what we know as of now. You can register here. I hope to (virtually) see […] …read more […]