Trading Ideas

Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought. Sovereign bond yields dived as investors sought the most liquid of safe havens and wagered central banks would have to ride to the rescue with a burst of new stimulus. In all, they imply more than 50 basis points of reductions by year end. …read more […]

(Bloomberg) — Mastercard Inc. lowered its three-week-old forecast for quarterly revenue growth as the spreading coronavirus curbs international travel and even takes a bite out of e-commerce, a business executives had hoped would be immune.The credit-card network said it’s knocking 2 to 3 percentage points off the prediction it made on an earnings conference call Jan. 29. That translates to growth of 9% to 10% on a currency-neutral basis, excluding acquisitions, it said Monday. Shares of Mastercard and Visa Inc. dropped in after-hours trading.“Cross-border travel, and to a lesser extent cross-border e-commerce growth, is being impacted,” Mastercard said in a …read more […]

The Conference Board’s February consumer confidence index will be a closely watched piece of economic data out Tuesday. On the corporate earnings front, Home Depot earnings will be one of the major releases. …read more […]

As a result of the outbreak, the company said it has suspended flights between the United States and Beijing, Chengdu, Shanghai and Hong Kong through April 24. “Due to the heightened uncertainty surrounding this outbreak, its duration, its impact on overall demand for air travel and the possibility the outbreak spreads to other regions, the Company is withdrawing all full-year 2020 guidance issued on January 21, 2020,” United said in a regulatory filing. …read more […]

Fairholme Fund leader releases fourth-quarter 2019 portfolio. Top holding is St. Joe Continue reading… …read more […]

A plunge in equity markets on Monday boosted market expectations for the Fed to cut interest rates to insulate the U.S. economy from the effects of the Coronavirus. …read more […]

(Bloomberg) — Exxon Mobil Corp. fell to a 15-year low on Monday amid a broad selloff in equity and commodity markets and just over a week before Chief Executive Officer Darren Woods is scheduled to present the oil explorer’s long-term strategic plan to investors and analysts.The shares have been under pressure since Exxon disclosed disappointing fourth-quarter results in late January and prospects for a near-term recovery were dimmed by the spreading coronavirus. Excess supplies of natural gas, chemicals and motor fuels also weighed on the oil supermajor.Exxon fell 4.7% to close at $56.36 on Monday in New York as Brent …read more […]

(Bloomberg) — HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal computer maker.HP said it would increase share buybacks to $15 billion from a $5 billion program announced in October. This will result in adjusted profit of $3.25 to $3.65 per share in fiscal 2022, which is about $1 more per share than analysts’ projections. HP also said it would reach out to Xerox to explore a combination on its own terms, rather than succumbing …read more […]

…read more […]

US market tumbles on accelerating coronavirus fears, yet Buffett welcomes price drop Continue reading… …read more […]

Looking back, this just might be the day that the bull market died…
As I’m sure you know, the Dow futures opened down more than 800 points as the rapid spread of the coronavirus sparked fears of a global economic impact.
Making the most headlines was the fact that the virus spread to northern Italy – the country was forced to cancel the famous Venice Carnival after officials said they now have 152 confirmed cases, which is the most in any country outside Asia.
In many respects, everything we saw today had been warned about over the last 2 to 3 weeks, but …read more […]

HP management sends a clear message to would he acquirer Xerox. …read more […]

Berkshire Hathaway CEO Warren Buffett isn’t panicking about the impact of the coronavirus on markets in the long-term. Yahoo Finance’s Seana Smith and CFRA research analyst Cathy Seifert discuss. …read more […]

…read more […]

Oil prices tumbling as coronavirus hit demand. The Schork Report’s Stephen Schork joins Yahoo Finance’s Seana Smith on The Ticker. …read more […]