Trading Ideas

Anyone researching Frontier Communications Corporation (NASDAQ:FTR) might want to consider the historical volatility… …read more […]

Deere & Co on Friday reported an unexpected increase in first-quarter profit and retained its full-year earnings forecast as signs of stabilization in the U.S. farm sector offset weak demand for construction machines, sending its shares soaring. The farm equipment manufacturer reported net income of $517 million, or $1.63 per share, for the quarter ended Feb. 2, up from $498 million, or $1.54 per share, in the same period last year. The world’s largest farm equipment maker’s shares were last up 9% at $180.75 in pre-market trade. …read more […]

It looks like The Chemours Company (NYSE:CC) is about to go ex-dividend in the next 4 days. Investors can purchase… …read more […]

(Bloomberg) — Royal Bank of Canada’s dealmaking division is proving its worth again.A jump in investment-banking fees, higher fixed-income trading revenue and lower provisions helped the bank’s RBC Capital Markets division rebound from back-to-back quarterly profit declines last year, with earnings jumping 35% to C$882 million ($665 million) in the first fiscal quarter.Key InsightsThe improvement helped Royal Bank post earnings that topped estimates, setting a benchmark for the other large Canadian lenders when they begin reporting quarterly results next week. Adjusted per-share earnings totaled C$2.44, beating the C$2.30 average estimate of 14 analysts in a Bloomberg survey.Royal Bank has the …read more […]

It’s great to see Domino’s Pizza (NYSE:DPZ) shareholders have their patience rewarded with a 31% share price pop in… …read more […]

Top news and what to watch in the markets on Friday, February 21, 2020. …read more […]

It’s been a good week for Albemarle Corporation (NYSE:ALB) shareholders, because the company has just released its… …read more […]

(Bloomberg) — Warren Buffett tends to rejoice when he sees a company buying back underpriced shares. At his own Berkshire Hathaway Inc., which underperformed the stock market last year by the widest margin in a decade, an increase in repurchases might not be cause for celebration.Buffett has found little success deploying Berkshire’s growing pile of cash. Its last big takeover, a $37.2 billion deal for Precision Castparts Corp., was more than three years ago. This year, the conglomerate was outbid for a tech company. Berkshire’s struggle to find well-priced takeovers led it to open another path for putting money to …read more […]

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(Bloomberg Opinion) — A year ago Richard Branson was on his private island, Necker, when the former Twitter executive Adam Bain came to see him with a proposal for how to take Branson’s suborbital space travel company public.The bearded British billionaire is doubtless glad he took the meeting: After an unsteady start, Virgin Galactic Holdings Inc.’s valuation has rocketed. The stock has surged more than 400% since a low in December, valuing the company at close to $8 billion, or almost 2,000 times the revenues it’s estimated to have generated in 2019. (For comparison, Uber Technologies Inc. trades on about …read more […]

(Bloomberg) — Asian stocks, U.S. and European futures retreated Friday amid renewed concern about the impact of the coronavirus as cases outside of China increased. Treasuries and gold advanced.Shares in Korea and Hong Kong saw the steepest losses, with more modest declines in Australia. Japanese stocks closed little changed while those in China edged higher. The yield on 10-year Treasuries fell below 1.5% for the first time since September. Also hurting sentiment: gauges of manufacturing in Australia and Japan added to concern about slowing economic growth, while weak South Korean export data weighed on the won. The Dollar Index remained …read more […]

(Bloomberg) — Wells Fargo & Co. is poised to pay roughly $3 billion to settle federal investigations into a range of consumer abuses that were rampant at the bank for years, according to a person with direct knowledge of the matter.The Department of Justice and Securities and Exchange Commission may announce penalties as early as Friday, the person said, asking not to be identified because talks are confidential. The company isn’t expected to plead guilty to a crime, the person said.Spokespeople for the company and Justice Department declined to comment. A spokeswoman for the SEC didn’t immediately respond to a …read more […]

Feb.20 — As the coronavirus continues to spread beyond China, concerns are being raised about its less developed neighbors and their ability to deal with a public health crisis. Mongolia has been singled out in particular by Fitch Ratings because of its 5,000 kilometer border with China and its economic dependence on Beijing. Bloomberg’s Terrence Edwards reports on “Bloomberg Markets: Asia.” …read more […]

Last month, U.S. regulator said it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank’s multi-year sales practices scandal. The fourth largest U.S. lender has paid out more than $4 billion in fines and penalties since the 2016 revelation that the bank’s sales practices encouraged employees to open potentially millions of unauthorized bank accounts to hit lofty sales targets. …read more […]