Trading Ideas

The targets set on Wednesday put BP ahead of rivals Royal Dutch Shell, Total, Equinor and all of the U.S. oil majors. BP did not specify how it intends to reach its 2050 targets to get carbon emissions from its operations and barrels produced to net zero and halve the carbon intensity of all products it sells, such as diesel or petrol. Smaller Spanish rival Repsol has set more ambitious net zero carbon targets for the oil products it sells, at a cost of more than $5 billion, but the huge scale of its operations now puts BP’s …read more […]

OPEC on Wednesday cut its forecast for global growth in oil demand this year due to the coronavirus outbreak and said its output fell sharply in January as producers implemented a new supply-limiting pact. In a monthly report, OPEC said 2020 demand for its crude will average 29.30 million barrels per day (bpd), 200,000 bpd less than previously thought. OPEC pumped less oil in January than the average 2020 requirement, due to planned cuts and involuntary losses. …read more […]

(Bloomberg) — A frenzy of bullish bets on the biggest U.S. tech names is captivating Wall Street and powering equities to all-time highs. It’s also sending waves through options markets.Volumes for contracts tied to single stocks have surged by 77% in the past six weeks to fresh records, according to Goldman Sachs Group Inc. The growth has been so staggering that trading in the derivatives by notional value is almost on par with volumes in the underlying shares themselves, the firm calculates.Spurring the growth are bullish wagers on Tesla Inc., as well as mega caps that wield heft in the …read more […]

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(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BP Plc’s new boss set out the boldest climate plan of any major oil company, pledging to eliminate almost all of the carbon emissions from its operations and the fuel it sells to customers.Bernard Looney, who has been the company’s chief executive officer for just a week, set an ambitious agenda for what’s becoming an existential challenge for the oil industry. While peers including Royal Dutch Shell Plc, Total SA and Equinor ASA have responded to investor pressure by adopting targets for …read more […]

(Bloomberg) — CVS Health Corp. shares gained in premarket trading Wednesday after the health-care conglomerate projected strong 2020 sales, driven by growth in its pharmacy-benefit management business.In an investor presentation, CVS said it sees 2020 revenue between $261.97 billion and $265.48 billion, above Wall Street analysts’ average expectation of $256.89 billion.Key InsightsIn the fourth quarter, the pharmacy-services segment brought in $37.1 billion. In 2020, CVS expects the business will have revenue of $137.50 billion to $139.45 billion, more than the $136.01 billion analysts expect. The business has been a cornerstone of CVS’s growth despite growing criticism of the industry’s role …read more […]

Top news and what to watch in the markets on Wednesday, February 12, 2020. …read more […]

It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The… …read more […]

These days it’s easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do… …read more […]

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(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the Japanese company reported a second quarter of losses from its startup investing.Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value. Son said he is on the side of shareholders, especially since he is the largest stockholder at the company. The two billionaires held discussions a couple weeks ago, he said.Son is adopting a more conciliatory stance just …read more […]

(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the Japanese company reported a second quarter of losses from its startup investing.Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value. Son said he is on the side of shareholders, especially since he is the largest stockholder at the company. The two billionaires held discussions a couple weeks ago, he said.Son is adopting a more conciliatory stance just …read more […]

(Bloomberg) — Deutsche Bank AG sold its first Additional Tier 1 bond since 2014 after drawing a flood of orders, as signs of progress in a turnaround bolster the appeal of the high-coupon notes.The German lender priced the $1.25 billion perpetual note at 6%, versus an initial price target of about 6.75%, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The bonds, callable in October 2025, have an expected B1 rating at Moody’s Investors Service, or four steps below investment grade.The bank received as much as …read more […]

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