Trading Ideas

Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Brian Cheung discuss what to expect ahead of next week’s Fed meeting. …read more […]

Cruise operators are among the worst hit by the epidemic, which originated in mainland China and has killed more than 3,800 people, as travel restrictions and fears of the virus spreading have led to cancellations of trips. Royal Caribbean said it would cut spending, operating expenses and take other actions to improve liquidity by at least another $1.7 billion in 2020. “These are extraordinary times and we are taking these steps to manage the company prudently and conservatively,” Chief Executive Officer Richard Fain said. …read more […]

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DUBAI/MOSCOW (Reuters) – Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks. The clash of the two oil titans sparked a 25% slump in oil prices on Monday, triggering panic selling and heavy losses on Wall Street’s main stock indexes, already hit badly by the coronavirus outbreak. On Tuesday, Amin Nasser, chief executive of Saudi Aramco said the oil giant would increase supply to 12.3 million barrels per day (bpd) in April for customers …read more […]

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(Bloomberg) — Anxiety? Yes. Panic? No.As the S&P 500 plunged Monday, calm reigned on the online forum of the Bogleheads, an investing group inspired by the late Vanguard Group founder Jack Bogle and famed for its cool-headed, long-term attitude toward passive index investing.“Feeling awesome! My annual bonus hits this week and goes directly into my 401k,” one contributor said in a post.Bogleheads are notoriously blase about market volatility, but a wider range of investors also seem to be carrying on, if not exactly keeping calm, and maintaining portfolio allocations. Advisers say that clients in passive investments, such as those invested …read more […]

To the annoyance of some shareholders, ConocoPhillips (NYSE:COP) shares are down a considerable 41% in the last month… …read more […]

Potential AbbVie Inc. (NYSE:ABBV) shareholders may wish to note that the Independent Director, Edward Rapp, recently… …read more […]

Top news and what to watch in the markets on Tuesday, March 10, 2020. …read more […]

(Bloomberg) — Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company pledging to supply a record 12.3 million barrels a day next month, a massive production hike to flood the market.The output increase — more than 25% up from last month — puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories to dump as much crude, as quickly as possible, on the market. In February, Saudi Arabia produced about 9.7 million barrels a day.It’s the latest maneuver in what’s set to be a long and …read more […]

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(Bloomberg Opinion) — The collapse in crude prices has brought into relief the correlation between oil majors’ financial leverage and the valuation of their shares. It’s a relationship that looks like particularly bad news for the bigger European firms.Investors’ knee-jerk reaction to the downward lurch in the oil price was, naturally, more severe toward the companies that were more indebted. So shares in BP Plc, Royal Dutch Shell Plc, Equinor ASA and Eni SpA suffered more than Total SA and the two big U.S. majors, Exxon Mobil Corp. and Chevron Corp., when European markets closed on Monday.Investors’ worries about leverage …read more […]

Some investors are betting that markets will stay turbulent in the coming weeks, after an avalanche of selling in U.S. stocks sent volatility to levels not seen since the financial crisis. The Cboe Volatility Index, known as “Wall Street’s fear gauge,” climbed by more than 20 points above its Friday closing level to peak at 62.12, its highest level since December 2008. The VIX ended Monday’s session at 54.46. …read more […]

(Bloomberg) — Goldman Sachs Group Inc. asset managers cut borrowing for two energy funds, which saw their top holdings fall by one-third in two days amid “unprecedented” volatility in commodity prices, resulting in a “material impact” on their net asset value.The bank has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund, its asset management arm said in separate statements. The funds had combined assets of about $590 million at the end of January, mainly in master limited partnerships that operate U.S. oil and gas pipelines and terminals, according to …read more […]