Trading Ideas

(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.Malaysia will be closing most of its palm oil operations as the country shutters non-essential business in an effort to fight the spread of the coronavirus, according to the Malayan Agricultural Producers Association.The world’s second-largest producer will be halting operations at plantations, mills and factories for two weeks starting Wednesday, the trade group said. The government order will exclude palm oil refineries, which process crude palm oil into edible oils used in cooking oil, ice cream and margarine, as well as non-edible oils used in …read more […]

(Bloomberg) — King Dollar is creating a new headache for virus-battered economies globally, with emerging markets especially vulnerable as they try to cope with collapsing currencies and plunging demand.Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback, with two emergency interest-rate cuts this month by the Federal Reserve doing nothing to diminish the dollar’s appeal.With the dollar more integrated into the world economy than ever before, its gains are an added stress for businesses and governments as they brace for soaring costs on their dollar debt. The dilemma for emerging market central banks is that …read more […]

(Bloomberg) — U.S. stock futures slid, hitting exchange-enforced bands that prevent further losses, as investors assess the Trump administration’s beefed up policy response to the coronavirus.Contracts on the S&P 500, Nasdaq 100 and Dow Jones Industrial Average all reached the so-called limit down level established each day by the Chicago Mercantile Exchange. Futures on the S&P 500 lost as much as 3.7% to 2,393.5, while dropping 4.4% for the Nasdaq 100 and falling 3.9% for the Dow Jones Industrial Average. Treasury Secretary Steven Mnuchin warned the coronavirus could send U.S. unemployment up to 20% without government intervention. The underlying S&P …read more […]

(Bloomberg) — Hong Kong’s equity traders haven’t been this nervous over Tencent Holdings Ltd.’s earnings in more than a decade.They’ve been buying derivatives to protect against losses, with bearish puts now costing the most in four years relative to bullish contracts. With the Internet giant reporting fourth-quarter results after Wednesday’s close, the options market is now pricing in a massive 7.1% move either way for the shares when trading reopens. That would be the biggest move since at least 2009, according to data compiled by Bloomberg.The company, one of the largest stocks in the Hang Seng Index, is projected to …read more […]

(Bloomberg) — Hong Kong’s equity traders haven’t been this nervous over Tencent Holdings Ltd.’s earnings in more than a decade.They’ve been buying derivatives to protect against losses, with bearish puts now costing the most in four years relative to bullish contracts. With the Internet giant reporting fourth-quarter results after Wednesday’s close, the options market is now pricing in a massive 7.1% move either way for the shares when trading reopens. That would be the biggest move since at least 2009, according to data compiled by Bloomberg.The company, one of the largest stocks in the Hang Seng Index, is projected to …read more […]

U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in an effort to cut costs as the rapid spread of the coronavirus keeps people from flying. Moves by American Airline Group Inc and Delta Air Lines Inc , first reported by Reuters, were a further sign that airlines do not expect a quick rebound to depressed travel demand and must save costs. “Based on the decline in air travel, we need to quickly line up our staffing levels with the reduced flying …read more […]

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By activating emergency financing windows and by being open to adapt them as needed, the Fed took up its crisis management game several notches. For that it should be strongly commended. …read more […]

U.S. stock futures stepped back in choppy early Asian trade on Wednesday as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout. U.S. stock futures fell 2.0% after the S&P 500 gained 6.00% on Tuesday, paring a little under half of its huge losses on Monday. Tuesday’s lift in the S&P 500 came as policymakers around the world cobbled together packages to counter the severe restrictions on various economy-boosting activities aiming at slowing the spread of the virus. …read more […]

Exxon was among nine major companies that took advantage of a window opening in the U.S. credit markets on Tuesday to issue bonds, after the Federal Reserve announced new measures to boost liquidity in the financial system, including the purchase of short-term corporate debt. Exxon, which is rated Aaa/AA by credit rating agencies, issued its debt at a 60 basis point premium to PepsiCo Inc , which has a lower investment-grade rating of A1/A+. “Exxon had to pay a huge premium to where the bonds should have been, because they are in an industry that is viewed very …read more […]

Avigan, also known as Favipiravir, is manufactured by a subsidiary of Fujifilm, which has a healthcare arm though it is better known for its cameras. The treatment was approved for use in Japan in 2014. Favipiravir has been effective, with no obvious side-effects, in helping new coronavirus patients recover, Zhang Xinmin, an official at China’s Science and Technology Ministry, told reporters at a news conference on Tuesday. …read more […]

(Bloomberg) — U.S. stock futures dropped and the yen advanced in early Wednesday trading in Asia, retracing some of the previous day’s moves as traders continue to test where fundamental valuations lie amid rapidly changing news flow.Asian stocks opened mixed, with the Sydney market down more than 3.5%, while shares in Tokyo edged higher. The S&P 500 Index gained 6% earlier. Australian and Japanese bond yields climbed after a tumble in Treasuries Tuesday. As the Trump administration moves toward a big fiscal package, Treasury Secretary Steven Mnuchin warned the coronavirus could send U.S. unemployment up to 20% without government intervention. …read more […]

People familiar with the matter said the move was prompted by the depressed travel demand caused by the rapid spread of the coronavirus. The number of take-ups has now topped 5,000 since the window for requests was extended, they said. Flight attendants can also bid until March 30 for voluntary leave in the month of May, for May and June, or for May, June and July, according to a separate memo seen by Reuters. …read more […]

This stock market panic has served up some of the best bargain opportunities that we have seen in at least a decade.
The problem is that everything is happening so fast in the financial markets that it is hard to know what to focus on.
I can help with that. I’ve got a blue chip bargain stock for you today that currently offers a whopping total shareholder yield of more than 26%!
Two years from now, people are going to be kicking themselves for not buying this stock today.
This Is Definitely a Crisis, but It Isn’t a Financial Crisis
The share prices of American …read more […]