Trading Ideas

(Bloomberg) — L Brands Inc. is close to selling a controlling stake in its Victoria’s Secret brand to private equity firm Sycamore Partners in a deal that values the lingerie brand at $1.1 billion, Wall Street Journal reported citing unidentified people familiar with the development.Sycamore Partners is expected to buy 55% in Victoria’s Secret in a transaction that with L Brands and retain 45% in a separate firm that will include the young-adult focused Pink chain, according to the newspaper. L Brands’ billionaire founder Leslie Wexner will step down as chairman and chief executive officer, WSJ said. The deal could …read more […]

(Bloomberg) — Elon Musk bought 13,037 Tesla Inc. shares for $10 million on Feb. 14, according to a filing with the U.S. Securities and Exchange Commission.Musk purchased the shares at an average of $767 each, raising his holding to 34.1 million, or 18.5% of the Palo Alto-based company. Tesla’s shares have soared more than doubled this year and closed at a record high of $917.42 on Wednesday.The rally, initially fueled by a surprise third-quarter profit, has left Tesla with a market value greater than that of General Motors Co., Volkswagen AG and Fiat Chrysler Automobiles NV combined. Traders are realizing …read more […]

Michael Bloomberg defended his billionaire status during the Democratic debate in Las Vegas. …read more […]

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(Bloomberg) — Two people from the quarantined cruise ship in Japan have died, NHK reported, while coronavirus cases in South Korea more than doubled in one day, with a surge of infections tied to a church.Stocks came under pressure on signs the outbreak was spreading more rapidly beyond China. The death toll in mainland China rose to 2,118 as Hubei province added 108 fatalities.China’s banks lowered the benchmark borrowing costs for loans as Beijing seeks to blunt the economic impact of the outbreak. China is planning to take over HNA Group Co. and sell off its airline assets after the …read more […]

BEIJING/SHANGHAI (Reuters) – China plans to take over HNA Group Co and sell off its airline assets as the coronavirus outbreak has hit the conglomerate’s ability to meet financial obligations, Bloomberg reported on Wednesday, citing people familiar with the matter. The government of Hainan, the southern province where HNA is based, is in talks to take control of the group, the report said. HNA did not immediately respond to requests for comment on the Bloomberg report. …read more […]

(Bloomberg) — Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is in exclusive talks to acquire Marathon Petroleum Corp.’s Speedway gas stations for about $22 billion, according to people familiar with the matter.The 7-Eleven owner is lining up financing for the potential transaction, which could be announced as soon as next week, said the people, who asked not to be identified as the deliberations are private. No final decision has been made and discussions could fall through, they said.Representatives for Marathon Petroleum and Seven & i declined to comment. Shares of Seven & i erased gains in …read more […]

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Update on the guru’s biggest trades for the fourth quarter Continue reading… …read more […]

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The mass exodus has begun. A new study from career site Zippia found that New York and New Jersey are losing more residents than any other states. New York is number one with the state losing over 300,000 residents from 2017 to 2018. New Yorkers left the big city in favor of states like New Jersey, Pennsylvania, Florida, and Connecticut. New Jersey came in second place with the state losing 97,124 residents, fleeing for places like Florida, North Carolina and California. …read more […]

In the seven months since Cathy Engelbert has been WNBA Commissioner, the late Kobe Bryant has been the only current or former NBA player to come see her. …read more […]

Which do you put more faith in – three straight years of dividend increases in 2017, 2018 and 2019 or dividend cuts in each of the six years prior?
That’s the situation with Invesco Mortgage Capital (NYSE: IVR), which pays a hefty 11.1% yield after a quarterly dividend increase to $0.50 per share at the end of 2019.
If the company maintains the dividend this year, 2020 will be the fourth year in a row it has paid a higher dividend than the year before. But can it afford to?
Invesco Mortgage Capital is a mortgage real estate investment trust (REIT). It invests …read more […]

Investors’ initial reaction to a beaten-down stock is a very human one. Nobody’s natural inclination is geared towards backing a losing horse, so when we see a stock that has been hit hard, our innate tendency is to stay away and seek out the more successful names.But as any investor worth their salt already knows, while there’s certainly a degree of risk involved, the down-trodden tickers can be the ones set to present intrepid investors with the most abundant returns. Where investing skill really comes into play, though, is finding the most compelling choices.Taking this into account, we found two …read more […]