Trading Ideas

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BEIJING/TOKYO (Reuters) – U.S. electric carmaker Tesla Inc plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager said on Thursday. The move comes after its Japanese battery partner Panasonic Corp said it would scale down operations at the Nevada factory this week before closing it for 14 days. The factory produces electric motors and battery packs for Tesla’s popular Model 3 sedans. …read more […]

(Bloomberg) — Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering just $1.75 a barrel for Wyoming sweet crude.With more than two billion people on virus lockdown from India to California, energy demand has plunged. In corners of the U.S., Canada, Russia and China, oil prices at the well-head are collapsing under the weight of an unprecedented glut.And with it, the industry is bracing for something that last happened on this scale 35 years ago: producers shutting down their …read more […]

(Bloomberg) — The global airline industry has never had it so bad. Not even after the 9/11 terrorist attacks.Airlines could lose a quarter of a trillion dollars in revenue this year, according to the International Air Transport Association, as travel comes to a standstill with countries locked down to fight the coronavirus. Most carriers will go bankrupt by the end of May if they can’t find support, Sydney-based CAPA Centre for Aviation said last week.“In this very difficult period, it will only be the survival of the fittest” – Qatar Airways CEO Akbar Al BakerWhich airlines are most at risk? …read more […]

(Bloomberg) — U.S. futures dropped after the first three-day rally in American equities since mid-February, and Asian stocks came off their highs Friday as investors assess whether the worst is over for the rout in risk assets.The S&P 500 rose more than 6% Thursday after the U.S. Senate passed a $2 trillion fiscal package. Equity benchmarks were up about 2% in Tokyo, Hong Kong and Seoul, while early gains in Australia gave way to a modest retreat. The MSCI All Country World Index is on course for a 13% rise this week, following a crash that dragged stocks around the …read more […]

(Bloomberg) — American stock futures declined, cooling off after the first three-day rally since February as investors speculated whether government and central-bank aid will offset the pandemic’s damage to the economy.Contracts on the S&P 500 were down 0.9% at 2,585.50 as of 10:36 a.m. in Tokyo. The underlying gauge surged almost 18% over Tuesday-Thursday in the biggest rally since 1933, while the Dow Jones Industrial Average climbed 20% above its recent low, meeting the technical definition of a bull market.The U.S. overtook China for the most coronavirus cases worldwide, fueled by a large jump in infections in New York. Still, …read more […]

(Bloomberg) — Singapore Airlines Ltd. plunged after saying it would issue new shares and bonds in an effort to raise about S$8.8 billion ($6.2 billion) to contend with the devastating impact of the coronavirus pandemic. State investor Temasek Holdings Pte., the carrier’s biggest shareholder, said it would back the resolutions.The airline’s shares slid as much as 10% to S$5.82 Friday morning following a trading halt Thursday. They are down 35% this year.The carrier will issue S$5.3 billion in new stock at S$3 apiece, 54% lower than the last closing price on Wednesday, according to a statement released early Friday in …read more […]

Everything from the 5G revolution to the advancement of the American military is dependent on a key metal which is flying under most investors’ radar …read more […]

When considering the fortunes of the FAANG family since the viral outbreak, it appears Apple (AAPL) has most to lose. Amazon and Netflix can count their internet driven models as particularly well set up for a hibernation period. And while Google and Facebook stand to lose significant advertising revenue, they are still less reliant on physical product. Apple, on the other hand, has seen the disruption to its supply chain and production line severely impact this year’s plans.The giant from Cupertino was laying the groundwork for a September launch of the iPhone 12, the first model to boast 5G capabilities. …read more […]

Although the current period will no doubt be remembered as the time when the world fought the invisible enemy coronavirus, its is safe to assume the Street will also remember the period’s extreme bouts of volatility, too. Case in point: Nvidia (NVDA) stock had its best performing week in over two years, skyrocketing 25%.Adding to the good news, Needham’s Rajvindra Gill upgraded his rating on the chipmaker from Hold to Buy. However, Gill’s price target of $270 implies modest upside from current prices. (To watch Gill’s track record, click here)So, what is behind the 5-star analyst’s reevaluation? While acknowledging that …read more […]

The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co , subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U.S. contractor Raytheon and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger. To win U.S. approval, the companies agreed to divest Raytheon’s military airborne radios business, including facilities in Indiana and Florida, and UTC’s military global positioning systems, including a facility in Connecticut. …read more […]

If you see an angry bull coming your way and you’re smart, you’ll get out of the way. The best bullfighters know this and so do the best market makers on Wall Street.
They see what’s coming down the line before you do. But if you know how to recognize the signs in the market, you can flip the market makers’ “suck maneuver” in your favor. That’s a term market makers use to describe a certain strategy that I’ll reveal to you shortly…
Last week I noticed one of The War Room’s prior holdings, Tivity Health (Nasdaq: TVTY), had a rapid increase …read more […]

Editor’s Note: Today’s article comes from Rich Checkan, president of Asset Strategies International.
As a gold investing expert and trusted Pillar One Advisor for Wealthy Retirement‘s publisher, The Oxford Club, Asset Strategies International helps everyday folks use gold investing as “wealth insurance.”
Now, as we’re threatened with a prolonged bear market, Rich is helping investors catch up and prepare themselves for more downturns in stocks, and he’s offering a free Silver Eagle with each qualifying purchase to help you get started.
You can contact Rich by calling 800.831.0007 or by visiting Asset Strategies International’s website.
– Mable Buchanan, Assistant Managing Editor

The one-month carnage in …read more […]

(Bloomberg) — When Saudi Arabia kicked off its oil-price war and triggered the worst crude crash in a generation, U.S. President Donald Trump lauded the ensuing decline in pump prices, saying it would be “like a tax cut” for Americans.Weeks later, the crisis remains a low priority for the president, who has continually expressed his satisfaction with cheap gasoline and whose agenda has been consumed by the coronavirus pandemic itself, according to people familiar with the situation. While Secretary of State Mike Pompeo on Wednesday took the strongest action yet to calm the market — pressing Saudi Arabia to dial …read more […]

(Bloomberg) — General Motors Co. is freezing work on new-vehicle programs and deferring pay for white-collar staff to conserve cash while many of the carmaker’s plants are shut down as a result of the coronavirus pandemic.In an internal memo described to Bloomberg News, the automaker said salaried staff will have 20% of pay deferred starting April 1 through the fourth quarter of this year or first quarter of 2021. The company’s senior management team will take pay cuts of as much as 10% and defer 20% of their cash compensation. GM also will put 6,500 employees, many of them engineers …read more […]