Trading Ideas

Top news and what to watch in the markets on Friday, February 14, 2020. …read more […]

Shares of the company, moving into a third year of growth after changes driven by Chief Executive Officer Pascal Soriot, sank 5% on Britain’s blue-chip index as it warned that the hit from the outbreak could last “a few months”. China was again a central driver for the company in the final quarter of 2019, with sales in the country growing 28% to $1.19 billion, making up 19% of total product sales in the period. The 2020 forecast was broadly in line with expectations, although some analysts have said anything less than double-digit sales growth would be a …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA slashed its annual dividend and posted the first net loss in a decade after sales declined and income from partner Nissan Motor Co. plunged. The shares tumbled.Renault’s 2019 dividend will fall by more than two-thirds to 1.10 euros a share, it said Friday. The French carmaker owns 43% of Nissan, which scrapped its own year-end payout to investors. Renault booked a net loss of 141 million euros for 2019.“We aren’t satisfied with our results,” Acting Chief Executive Officer Clotilde Delbos …read more […]

(Bloomberg) — Wirecard AG posted full-year revenue that beat the highest analyst estimates, at a time when the German payments processor struggles to move on from reports over alleged questionable accounting methods.In its preliminary results in a statement Friday, the company reported full year revenue of 2.8 billion euros ($3 billion), versus analyst projections of 2.7 billion euros.Wirecard also confirmed its 2020 outlook, which was slightly below analysts’ previous estimates, and posted 2019 earnings before interest, tax, depreciation and amortization of 785 million euros that missed the estimate of 792.3 million euros. The company will publish audited figures on April …read more […]

…read more […]

(Bloomberg) — Stocks in Asia were mixed as traders took in the latest China data on the coronavirus, which showed a daily increase in Hubei cases that’s smaller than yesterday’s, though still bigger than before the methodology changed.The yen was steady along with U.S. equity futures, while both global stocks and bond yields head for weekly advances on optimism about a v-shaped recovery from the virus. The yuan continues to trade stronger than 7 per dollar, while oil is above $51 a barrel in New York. Japanese shares fell and Korean stocks gained, while Hong Kong and Shanghai saw a …read more […]

(Bloomberg) — Elon Musk dreams big dreams. Tesla Inc. taps Wall Street for funds to turn them into reality. Banks pocket millions in fees. And rather than punish the company for diluting its shareholders, the market sends the stock higher.The virtuous circle has enabled Tesla to raise about $14 billion over the last decade, supporting the electric-car maker through countless ups and downs. The latest offering announced Thursday — at $767 a share, according to a person familiar with the matter — boosted Tesla’s market capitalization to almost $146 billion, behind only Toyota Motor Corp. among the world’s most valuable …read more […]

When a CEO and chief financial officer get pushed out a couple of months earlier, yes, the next earnings call with financial analysts might be unusual. But the Expedia Group fourth quarter earnings discussion on Thursday was one for the record books. Expedia Group Chairman Barry Diller and Vice Chairman Peter Kern, who are now […] …read more […]

A little known metal is becoming increasingly important as technology continues to accelerate, and China controls nearly all of its production …read more […]

A Feb. 7-13 Reuters poll of 40 economists based in mainland China, Hong Kong, Singapore, as well as Europe and the United States, predicted China’s annual economic growth in the first quarter of 2020 to slump to 4.5% from 6.0% in the previous quarter. The coronavirus was first detected in the Chinese city of Wuhan – a nerve center in the global supply chain with a population of just under 11 million – and so far has claimed over 1,300 lives in China. …read more […]

…read more […]

The epidemic, which originated in China’s Hubei province and has killed more than 1,300 people, has taken a toll on cruise operators as travel restriction and fear of the virus spreading have led to cancellations of trips to the Far East. Last week, Royal Caribbean said it canceled eight cruises out of China through March 4 and warned of a 25 cent impact to its first quarter earnings. The company said the 18 canceled cruises would cut its full-year earnings per share by 65 cents, warning that cancelling all its remaining sailings in Asia through the end of …read more […]

The quarter’s artificial intelligence and graphics sales have shown explosive growth Continue reading… …read more […]

…read more […]

The company, which reinforced expectations of a rebound in chip demand, is the second chipmaker after Qualcomm Inc to warn about a potential impact on its businesses due to the outbreak. The Santa Clara, California-based company said it expects current-quarter revenue of $3 billion, plus or minus 2%, the midpoint of which is above analysts’ expectation of $2.86 billion, according to IBES data from Refinitiv. Revenue from Nvidia’s closely watched data center chips business rose 42.6% to $968 million in the fourth quarter, beating analysts’ estimate of $829 million, according to research firm FactSet. …read more […]