Trading Ideas

(Bloomberg) — Saudi Arabia and Russia dug in for a long and destructive oil-price war, as Moscow responded forcefully to Riyadh’s opening salvo.If there was any doubt that the collapse of last week’s OPEC+ talks created a lasting rupture between the world’s top crude exporters, Russia dispelled it on Monday. Its largest producer will pump significantly more oil next month and Energy Minister Alexander Novak said the country’s share of export markets — under attack from Saudi Aramco’s steep price cuts — will be preserved.The Kremlin didn’t flinch despite the conflict’s devastating toll: the biggest price plunge since the end …read more […]

(Bloomberg) — SmileDirectClub Inc., the worst performer among last year’s billion-dollar-plus debuts, is facing a critical moment to prove Wall Street bulls haven’t lost their minds.On March 10, the first window opens for insiders and early investors to sell shares and cut their losses. Executives and board members are putting up a united front in sitting out active selling come Tuesday, Chief Financial Officer Kyle Wailes said in a phone interview.The lockup expiry comes amid a historic market meltdown and follows two disappointing earnings reports for SmileDirectClub, the most recent of which included delayed profitability guidance and what analysts characterized …read more […]

(Bloomberg) — Fund managers are being faced with a collapse of liquidity as they try to handle record market moves.Investors say it is becoming increasingly difficult to trade due to the extent of swings on a day that saw 30-year Treasury yields drop the most since the 1980s and a fall in U.S. stocks so sharp that trading was halted minutes from the open. Even before today financial conditions were tightening at the fastest pace since the 2008 crisis.“I have yet to find liquidity,” said Richard Hodges, a money manager at Nomura Asset Management, whose bets on Italian and Portuguese …read more […]

The Fed expanded the size of its repo market operations to ensure that the plumbing of the financial system can withstand the shocks of the coronavirus and the crash in oil prices. …read more […]

With oil erasing over a third of its value overnight after a messy breakup of the OPEC+ alliance, OPEC members are bleeding over half a billion dollars a day in lost revenue, according to Reuters calculations. For the most part, oil is a top income source for members of the Organization of the Petroleum Exporting Countries and such a dramatic fall in prices will put strain on their economies, some of which such as Iran and Venezuela, are already on the brink. At that low, prices were down nearly $20 a barrel from a high before the meeting …read more […]

The number of coronavirus cases has surpassed 119 cases in the United States, Jefferies Chief Market Strategist David Zervos joins the On the Move panel to discuss the impact on markets. …read more […]

Democrats continue to criticize the lack of response from the administration as coronavirus continues to spread across the country.
Yahoo Finance’s Jessica Smith in Washington explains. …read more […]

Interest rates, which are down to record lows on fears coronavirus may slow the economy, could fall even more. Here are four ways to invest now. …read more […]

Aquiles Larrea Jr. – Larrea Wealth Management Founder and CEO told Yahoo Finance’s On The Move that investors who are in the market long-term can take advantage of market sell-off. …read more […]

Presidential candidate Sen. Bernie Sanders is spouting a myth that capitalism is an oppressive system.
As Alexander Green explains today, this is far from true. Our free market provides everyone a chance for true wealth.

In a recent New York Times column, David Brooks opined, “Successful presidential candidates are mythmakers. They don’t just tell a story. They tell a story that helps people make meaning out of the current moment.”
Sen. Bernie Sanders, he wrote, is “telling a successful myth: The corporate and Wall Street elites are rapacious monsters who hoard the nation’s wealth and oppress working families.”
Brooks calls this “a very compelling …read more […]

Stocks entered into a free-fall on Monday as coronavirus fears and crashing oil prices pounded investor sentiment. …read more […]

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Morningstar Senior Equity Analyst Jaime Katz joins On The Move to discuss the impact that the coronavirus has had on the cruise and airlines industries and what the travel sector needs to do to bounce back. …read more […]

The 10-year treasury yield has hit a new all-time low as investors flock to bonds amid the escalated fears surrounding the coronavirus. Yahoo Finance’s Brian Cheung joins the On the Move panel to break down the latest. …read more […]

Boeing shares were down at $231.60 in early trading, a level not seen since 2017. The Federal Aviation Administration (FAA) told Boeing on Friday it did not agree with the planemaker’s argument that the wiring bundles meet safety standards and now it is up to Boeing to decide how to proceed. Boeing in February said it did not believe it was required to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators had warned could cause a short circuit on the 737 MAX, and lead to a crash if pilots did not react soon. …read more […]