Trading Ideas

Top news and what to watch in the markets on Friday, March 20, 2020. …read more […]

Investors who take an interest in B&G Foods, Inc. (NYSE:BGS) should definitely note that the Director, David Wenner… …read more […]

Unfortunately for some shareholders, the Alaska Air Group (NYSE:ALK) share price has dived 63% in the last thirty… …read more […]

(Bloomberg) — In a brutal market rout that has spared almost no corner of the financial market, one American brand is showing extraordinary resilience.Shares of United Parcel Service Inc. have held their own in the past month as other transportation companies plunged amid the global coronavirus pandemic that’s brought daily life to a screeching halt. UPS has been bolstered by its deep ties to Amazon.com Inc.“UPS is participating in the e-commerce ‘boom’ as people don’t go to stores and stay home and order online,” Cowen analyst Helane Becker said in an interview. According to Cowen’s estimates, about 14% of UPS’s …read more […]

(Bloomberg) — Asian stocks and U.S. futures gained and the dollar halted an eight-day rally as investors took stock of an unprecedented rush of global stimulus measures.European futures also climbed amid tentative signs of returning appetite for riskier assets. Gains in South Korea’s equity market topped 7% and shares in Hong Kong climbed over 4%, though a strong advance in Australia fizzled out. China’s yuan rose after the central bank set the daily reference rate slightly stronger than anticipated, though still the weakest in 12 years. Treasury futures ticked higher.Australian bond yields, which saw an historic surge on Thursday, retreated …read more […]

Malaysia’s AirAsia Group Bhd said on Friday that the internal inquiry into corruption allegations by Britain’s Serious Fraud Office (SFO) has found that its procurement process with Airbus was robust and justifiable. In a filing to the stock exchange, the airline said the sponsorship of a sports team by Airbus was disclosed to and supported by the Board of Directors of AirAsia Bhd (AAB), the name AirAsia Group was then known by, at the relevant time. …read more […]

Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price war and Texas regulators may curb oil output, the U.S. investment bank said such action would reduce global and U.S. domestic supplies. U.S. crude oil prices rose more than $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump said he would “get involved” in the price war at an “appropriate time”. …read more […]

Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian price war and Texas regulators may curb oil output, the U.S. investment bank said such action would reduce global and U.S. domestic supplies. U.S. crude oil prices rose more than $1 on Friday, extending steep gains from the previous session, after U.S. President Donald Trump said he would “get involved” in the price war at an “appropriate time”. …read more […]

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The Canadian Union of Public Employees (CUPE) said it was “deeply saddened” to learn that airline would temporarily lay off about 3,600 of its members at Air Canada mainline and all 1,549 of its members at Air Canada Rouge. CUPE, which represents about 10,000 flight attendants at Air Canada and Air Canada Rouge, said the layoffs were effective until April 30 at the earliest. …read more […]

To the annoyance of some shareholders, Royal Dutch Shell (AMS:RDSA) shares are down a considerable 51% in the last… …read more […]

Apple Inc is limiting customer purchases of iPhones over its online stores in many countries including the United States and China to a maximum of two handsets per person, checks on its website on Friday revealed. The purchase caps come just after the hardware maker closed all of its brick-and-mortar stores outside China, as the coronavirus spreads globally and forces lockdowns and limitations on public movement to contain it. Checks on Apple’s website reveal that in numerous countries, a drop-down menu prevents customers from buying more than two of the same model iPhone, across all models. …read more […]

U.S crude oil prices edged higher on Friday, extending gains after a 24% jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war between Saudi Arabia and Russia at an “appropriate time.” U.S. crude and global benchmark Brent have both collapsed about 40% in the last two weeks since talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, broke down which led Saudi Arabia, the world’s biggest oil exporter, to ramp up supply. The more active West Texas Intermediate (WTI) crude futures contract …read more […]

(Bloomberg) — Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come.Even after plunging about 60% this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below, according to a survey of traders from some of the world’s biggest oil companies and merchants. Analysts from Goldman Sachs Group Inc. to Citigroup Inc. also expect prices to extend declines in the coming months, with some even speculating certain regional prices could go negative as markets try to send signals to halt supply.Oil has been …read more […]

(Bloomberg) — Apple Inc. kept its business rolling through the coronavirus pandemic this week by launching a new iPad Pro and two new Macs. But that doesn’t mean its supply chain is in the clear.Deliveries of the new products will begin arriving on doorsteps next week. However, production of those devices likely started in early January, before the worst effects of China’s virus lockdown in February, according to people familiar with Apple’s supply chain.With a fresh round of supplier factory closures enforced by Malaysia, and the virus disrupting operations in much of the rest of the world, the iPhone maker’s …read more […]