No Picture
Trading Ideas

Strategist: Markets will find a bottom very soon

Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott says that the markets will find a bottom very soon and that the longer-term market cycle is still on track to push the S&P 500 forward. He joins Yahoo Finance’s On the Move. …read more […]

No Picture
Trading Ideas

Exxon to cut activity in Permian Basin as oil prices plummet

Exxon Mobil plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand. The price of a barrel of oil has fallen more than 20% since the start of the year, and 8% in the last month, with energy demand expected to shrink as the outbreak drags on the global economy. Energy demand dropped dramatically as flights to and from China were halted and factories slowed production. …read more […]

No Picture
Trading Ideas

Quant Investing’s Biggest Edge

Quantitative investing uses complex computer analysis to process tons of data and reveal patterns that would otherwise be invisible to humans.
But, as Nicholas Vardy explains, the real edge for quant and swing trading is a lot simpler.

Editor’s Note: In case you missed our exciting news last week, I wanted to share that our brilliant ETF Strategist Nicholas Vardy is transitioning into a new role as The Oxford Club’s Quantitative Strategist. What exactly does that mean? Well, Nicholas will be taking a deeper dive into quant investing strategies and trends, and sharing that knowledge with our Liberty Through Wealth readers and …read more […]

No Picture
Trading Ideas

A 30-Year Mortgage Below 3%? Treasury Rally Offers Bargains

(Bloomberg) — Homeowners are starting to lock in some of the lowest 30-year mortgage rates ever, yet many in the business say the best deals may be yet to come.Mortgage rates that were sinking for much of 2019 just hit new all-time lows, and brokers say they’re locking in 30-year rates south of 3% for some customers. Still, thanks to the dynamics of the mortgage market and seemingly endless demand for U.S. government bonds, industry veterans expect borrowing costs to fall even further.Ten-year U.S. Treasuries, which set the tone for 30-year mortgage rates, plunged below 1% for the first time …read more […]

No Picture
Trading Ideas

‘I don’t know that this is necessarily an overreaction’: Young on market

Despite continued fears of the global spread of the coronavirus, it appears China, the 2nd largest economy, is making a comeback. However, some investors believe that if recovery begins in Q3, the fed will want to hike rates toward the end of the year. Liz Young, BNY Mellon Director of Strategy Liz Young joins On the Move to discuss. …read more […]

No Picture
Trading Ideas

U.S. 30-Year Mortgage Rates Tumble to a Record Low of 3.29%

(Bloomberg) — Rates for 30-year U.S. mortgages tumbled to the lowest on record as fears of a blow to the economy from the coronavirus sent investors rushing to the safety of Treasuries.The average rate was 3.29%, down from 3.45% last week and the lowest in 49 years of data-keeping, Freddie Mac said in a statement Thursday. The previous low, in November 2012, was 3.31%.Plunging borrowing costs have set the stage for a spring housing boom and are giving homeowners a fresh opportunity to refinance into cheaper loans. Lenders are staffing up to meet the demand. Quicken Loans Inc., the nation’s …read more […]

No Picture
Trading Ideas

Southwest Air Warning Shows Depth of Travel Risk From Virus

(Bloomberg) — Southwest Airlines Co. warned that a drop in bookings will dent first-quarter revenue, compounding evidence that the coronavirus’s impact is spreading across U.S. air travel.“In recent days, the company has experienced a significant decline in customer demand, as well as an increase in trip cancellations,” the Dallas-based discounter said Thursday in a regulatory filing. It cited the coronavirus that is spreading in the U.S.Southwest expects a $200 million to $300 million impact on operating revenue in the period. Revenue for each seat flown a mile, an industry benchmark, could drop as much a 2% from a year earlier, …read more […]

No Picture
Trading Ideas

Exxon CEO sticks to spending targets as oil prices tumble

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Tuesday it would stick to its spending plans even as its rivals trim costs. Exxon faces oil prices that have fallen over 20% this year, the lowest natural gas prices in decades, a long-term industry outlook too is clouded by a push toward cleaner fuel and pressure from investors for higher returns. The company’s growth strategy “will lead to sustained improvement in shareholder value,” Exxon’s Chief Executive Officer Darren Woods said in New York, where the company held …read more […]

No Picture
Trading Ideas

HP rejects Xerox's raised takeover offer

“The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company,” Chip Bergh, chair of HP’s board, said on Thursday. Xerox did not immediately respond to a request for comment. HP has requested its shareholders to reject Xerox’s tender offer to acquire all its outstanding shares, which was launched by Xerox earlier this week. …read more […]