Trading Ideas

Headlines moving the stock market in real time. …read more […]

Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France’s PSA . The Italian-American carmaker said adjusted earnings before interest and tax (EBIT) rose to 2.12 billion euros ($2.3 billion), in line with a 2.11 billion forecast in Reuters poll of analysts. A trader said Fiat Chrysler (FCA) results were “a touch above” expectations and the carmaker’s shares in Milan were up 3.4% at 1300 GMT following the results. …read more […]

(Bloomberg) — Beijing voiced anger as countries placed more restrictions on travelers from China to contain the coronavirus outbreak that has now claimed 565 lives. Technical experts from the OPEC+ group of oil producers recommended cutting output to offset the demand impact from the outbreak.China’s top LNG buyer declared force majeure on contracts and Tesla temporarily closed its stores in the nation. Equities rose on China’s plans to cut tariffs on U.S. imports and optimism the global economy can withstand the impact of the virus.Bloomberg is tracking the outbreak on the terminal and online.Key DevelopmentsChina death toll at 563; mainland …read more […]

Bristol-Myers Squibb Co said on Thursday its operating profit rose by around a third from a year ago because fourth-quarter results included some revenue from Celgene, which the U.S. drugmaker bought in a $74 billion deal that closed in late November. Bristol-Myers said on an operating basis it earned $1.22 a share on $7.95 billion of revenue in the quarter. The results included Celgene revenue beginning Nov. 20. …read more […]

Pilots of an Emirates passenger jet that crashed in 2016 while attempting to abort a landing in Dubai failed to notice that the Boeing 777’s engine thrust settings remained too low and cut short a procedure, investigators said on Thursday. All 300 passengers and crew were safely evacuated but a firefighter died tackling flames after the Boeing 777-300, arriving from India, caught fire after skidding along the Dubai airport runway on its fuselage in August 2016. The Federal Aviation Authority said pilots of flight EK521 tried to abort the landing after the plane’s main wheels had already touched …read more […]

Top news and what to watch in the markets on Thursday, February 6, 2020. …read more […]

Today, we’ll introduce the concept of the P/E ratio for those who are learning about investing. We’ll look at Twitter… …read more […]

Back in 2013, Snap CEO Evan Spiegel resisted Facebook’s offer to buy the company behind the successful Snapchat app. The rejection caused a stir at the time, but in hindsight, it appears the correct decision was made. Snap has since gone public and has a market cap of $23 billion, which is far bigger than the $3 billion offered at the time by Zuckerberg’s all-encompassing social media behemoth.Facebook, though, had just bought Instagram, and a year later would add WhatsApp to its ever-expanding universe. So, things have gone pretty well for both since, leaving everyone “liking” the way things have …read more […]

(Bloomberg) — Talks between officials from OPEC and its allies spilled into an unprecedented third day as Saudi Arabia and Russia remained split over their response to China’s coronavirus.Delegates gathered again in Vienna on Thursday after two days of meetings weren’t enough to shift Russian resistance to deeper production cuts. Saudi Arabia, engaging in capital-to-capital diplomacy, has been pushing for the cartel to reduce output as the deadly epidemic squeezes China’s economy and its demand for oil.The price of crude has plunged in recent weeks on expectations that the epidemic will make a sizable dent in global energy consumption as …read more […]

Deutsche Bank said on Thursday that Capital Group now holds a 3.1% stake in the German bank, making the Los Angeles-based firm one of its largest shareholders. “We are happy for any shareholders, especially those with the track record and credibility of Capital,” Deutsche Bank said in a statement. Deutsche Bank’s largest shareholder remains the Qatari royal family, with a combined share of at least 6.1%, the bank’s website showed. …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Nokia Oyj shares gained after the company reported fourth-quarter profit that exceeded expectations, bringing relief to investors concerned about the Finnish company’s checkered performance in the early stages of 5G rollouts.The Finnish network-equipment vendor posted adjusted earnings per share of 0.15 euros in the fourth quarter, higher than the 0.13 euros analysts surveyed by Bloomberg had expected on average.Key InsightsThe improvement in earnings reflects progress on the company’s cost savings program, though lower gross profit, particularly within the mobile access part of …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Nokia Oyj’s fourth-quarter profit exceeded expectations, bringing relief to investors concerned about the Finnish company’s checkered performance in the early stages of 5G rollouts.The Finnish network-equipment vendor posted adjusted earnings per share of 0.15 euros in the fourth quarter, higher than the 0.13 euros analysts surveyed by Bloomberg had expected on average.Key InsightsThe improvement in earnings reflects progress on the company’s cost savings program, though lower gross profit, particularly within the mobile access part of the company’s network division, was a drag …read more […]

(Bloomberg) — Global stocks climbed back within 1% of an all-time high, and bond yields rose, on optimism the global economy will weather the hit from the coronavirus, sentiment that was strengthened Thursday by China’s plans for tariff cuts on U.S. imports.An MSCI Inc. index of world stocks headed for a fourth straight day of gains, with Asian benchmarks including Japan, Hong Kong, South Korea and Australia up 2% or more. U.S. and European futures climbed. The yuan extended gains after China said it will lower levies on $75 billion of U.S. goods next week. Oil climbed above $52 a …read more […]

Finnish telecom network equipment maker Nokia reported on Thursday a surprise rise in October-December underlying profit, driven by cost cuts, and said most of its 2020 profit will be generated in the fourth quarter. Nokia said October-December underlying earnings rose to 0.15 euros per share from 0.13 euros per share a year ago, beating the 0.13 euros consensus in a Refinitiv poll. Nokia repeated its forecast for 2020 underlying earnings per share of 0.20 euros to 0.30 euros. …read more […]

People have shifted money into more conservative investments amid uncertainty about how the election could affect retirement plans. …read more […]