Trading Ideas

As you know, back on February 24, I wrote the following article, “My Top Coronavirus Picks (You Won’t Believe Pick No. 3)”.
One of my picks that day was Netflix (Nasdaq: NFLX).
My rationale…
Think about it. What else are you going to do when you’re quarantined – trapped inside your own self-contained cage? You’re going to binge-watch TV. And in the process, you’ll get yourself hooked on a ton of new Netflix shows. Call me crazy, but I honestly think that the absolute worse-case scenario in the coronavirus epidemic is potentially very bullish for Netflix. I’d nibble on today’s dip.
What happened today?
By …read more […]

Box competes with Dropbox Inc for a share of the file storage market that has seen a sharp rise in demand for cloud services to share and store files, especially in the workplace. The content management platform that went public in 2015 competes with tech heavyweights like Microsoft Corp’s OneDrive and Alphabet Inc’s Drive. Box’s fourth-quarter billings, which is revenue plus the change in deferred revenue, rose 19% to $281.9 million, above analysts’ estimate of $264.2 million. …read more […]

Tuesdays are supposed to mark turnarounds in the market, moving in the opposite direction after a big move on Monday. Not this time! After cratering 112 points on Monday, the S&P 500 (SPY) fell another 98 points, with a two-day decline of 6.3%. That’s the largest two-day loss since August 2015. The most recent two-day decline of over 6% was when the market was correcting after its parabolic move from late 2017/early 2018. …read more […]

As the coronavirus outbreak continues to spread around the globe, many people are buying surgical face masks to protect themselves. But simple surgical won’t protect people from the virus. …read more […]

The White House is considering appointing a coronavirus Czar, to coordinate a response to the outbreak, according to Politico. Yahoo Finance’s Anjalee Khemlani joins Seana Smith on The Ticker to discuss the details and the latest cases being reported in America. …read more […]

I grew up in the 1960s. It was a different era. People still believed technology could fix our biggest problems and serve our greatest needs. As a teenager, I believed it more than most. And with good reason.
I was 16 when American astronauts landed on the moon. It was an awe-inspiring moment that captured the imagination of the entire nation.
And space travel wasn’t the only big technological breakthrough during my teenage years.
In 1967, a South African doctor performed the first successful heart transplant. Microwave ovens were introduced to consumers in 1967 too. Two years later, the first Single-Chip Microprocessor (the …read more […]

Over the past three days, the Wuhan coronavirus panic has caused the oil market – along with countless others – to nosedive.
But I’m not expecting crude to rebound sharply with the others…
The reason? It goes back to how the U.S. innovated its way into oil independence – and drove OPEC to the brink.
Leaving OPEC in the Dust
For decades, OPEC controlled world oil prices. The U.S. had to import nearly all of its crude oil.
From 2000 through 2010, U.S. crude oil production averaged only about 5.5 million barrels per day (bpd).
But at about the same time, U.S. petroleum engineers developed a …read more […]

There is no truth to the report, a source close to the company said, while Nokia declined to comment. The company, which competes with Ericsson and Huawei [HWT.UL] for 5G network equipment, said in February it expects intense competition to continue in 2020, as rivals seek to grab market share. 5G networks are at the center of a brewing technology war between United States and China, as they are expected to host critical functions including driverless vehicles, smart electric grids and military communications. …read more […]

(Bloomberg) — Nokia Oyj is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.The company is working with advisers to consider potential asset sales and mergers, the people said, asking not to be identified because the information is private.Nokia shares have lost roughly a third of their value over the past year before news of its deliberations. The company’s American depositary receipts rose as much as 13% Wednesday. The ADRs were up 5.2% to $4.12 at 1:37 p.m. in New York trading, giving the company a market value …read more […]

During the previous session ahead of SmileDirectClub’s quarterly report, short bets against it climbed to a record high 40,000 shares, equivalent to 57% of the company’s float, according to S3 Partners, a financial analytics firm. Traders borrowing SmileDirectClub shares to make new short bets on Wednesday were paying the equivalent of more than a 31% annual interest rate, up from 26% the day before, reflecting a scarcity of additional shares available to short, according the S3 Partners. For 2020, SmileDirectClub forecast sales between $1 billion and $1.10 billion, the mid-point of which was below market estimates, and it …read more […]

The driver of an Tesla autopilot car was playing a video game on his phone when the fatal crash happened. Yahoo Finance’s Julie Hyman, Adam Shapiro, Pras Subramanian, Randy Frederick – Schwab Center for Financial Research VP of Trading and Derivatives and Mattie Duppler – National Taxpayers Union Senior Fellow discuss. …read more […]

(Bloomberg) — Chuck Gregorich, who sells China-made patio furniture on Amazon.com Inc., expects to lose as much as $2 million in sales this year due to factory closings and other coronavirus-related slowdowns. So he’s cutting his ad spending on Amazon and thinking about raising prices to avoid running out of inventory. The sudden shift in sales tactics by merchants like Gregorich threatens Amazon’s fastest-growing and profitable revenue source.“If we’re going to run out, why not run out at full price,” he says. “We have to make sure the sales we have are as profitable as they can be.”Amazon merchants spent …read more […]

Corning may not be known as an income investment, but the company offers a high yield and solid track record of dividend growth Continue reading… …read more […]

The markets saw a massive sell-off as the coronavirus continues to spread. However, Portfolio Wealth Advisors Chief Investment Officer Lee Munson joins The Final Round to break down why politics are to blame for the sell-off, not the coronavirus. …read more […]

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