Trading Ideas

Global shares crumbled on Thursday after U.S. President Donald Trump said the United States will suspend all travel from Europe as he unveiled measures to contain the coronavirus epidemic that has extracted a heavy human and economic toll worldwide. U.S. S&P500 futures more than 3%, a day after the S&P 500 lost 4.89%, putting the index in a bear market territory, defined as a 20% fall from a recent top. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 2% to its lowest level since early 2019, while Japan’s Nikkei lost 3.3%. …read more […]

Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Petroleum as a misplaced bet on oil prices rising, and has promised a proxy fight to win control of the company. …read more […]

(Bloomberg) — President Donald Trump said he will significantly restrict travel from Europe to the U.S. for the next 30 days, the most far-reaching measure yet in the administration’s efforts to combat the spread of coronavirus.Trump, speaking Wednesday evening from the Oval Office, said the restrictions, which won’t apply to the U.K., will go into effect Friday at midnight. He blamed the European Union for not curbing travel from China in the early days of the outbreak, and credited his own measures with having limited the number of cases in the U.S.“The European Union failed to take the same precautions …read more […]

Panic-driven selling has dragged blue-chip stocks into bear market territory. …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term […] …read more […]

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(Bloomberg) — A global equity rout deepened in Asia on Thursday after a renewed sell-off in U.S. equities, with investors concerned by a lack of clarity from the Trump administration on a coronavirus stimulus package.Shares in Japan sank and Australian equities extended recent losses, getting little respite from that nation’s stimulus package. Treasuries found a renewed bid. The World Health Organization earlier called the virus spread a pandemic and the Dow Jones Industrial Average tipped into a bear market, ending the longest bull-run in history for U.S. shares. Early gains for American equity futures fizzled as investors awaited a press …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term […] …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […] …read more […]

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […] …read more […]

Lenore Hawkins, chief macro strategist at Tematica, joined Yahoo FInance’s On the Move to provide a first-hand account of what’s happening in Italy. “The rest of the world needs to look at what’s happening here,” she said. …read more […]

(Bloomberg) — When Alphabet Inc.’s Google published revenue from its cloud business for the first time last month, a feeling of bitter vindication swept through International Business Machines Corp.Google, which is ranked the third-biggest cloud provider in the world by industry analysts, reported $9 billion in cloud revenue for 2019. IBM lists $21 billion in cloud sales, yet usually it’s relegated to fifth place. Research firm Gartner Inc. even excludes it from their top-six rankings. After Google’s report, employees at IBM thought they’d finally get the credit they deserved.But the industry didn’t notice. Google still holds the bronze medal behind …read more […]

The cost to insure General Electric Co debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to coronavirus-induced declines in interest rates, air travel and global growth. GE credit default swaps, a measure of confidence in a company’s capacity to repay debt, were priced at 200.7 basis points on Wednesday, up 119% from 91.67 a week ago, according to data from Markit. It was their highest level since December 2018, just after GE’s credit ratings were cut and investors worried its debt might become non-investment grade. …read more […]

SEATTLE/WASHINGTON (Reuters) – Boeing Co plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matter told Reuters on Wednesday. The changes mark a reversal from the U.S. planemaker’s initial recommendation to the Federal Aviation Administration and pose a fresh hurdle to the jet’s already-delayed return to service. The FAA and Boeing first said in early January they were reviewing a wiring issue that could potentially cause a short circuit on the 737 MAX, and in certain remote circumstances lead to a …read more […]

While the spread of the coronavirus remains top of mind for investors, a trickle of corporate earnings results and new economic data releases will also receive some attention Thursday. …read more […]