Trading Ideas

The Philadelphia-based cable company reported fourth-quarter revenue of $28.4 billion, beating the Wall Street consensus estimate of $28.17 billion, according to IBES data from Refinitiv. The business generated fourth-quarter revenue of $5.04 billion, beating the average estimate of $4.82 billion. Comcast continued to lose cable TV subscribers as viewers flocked to streaming services, but those losses happened at a greater rate than Wall Street expected. …read more […]

Top news and what to watch in the markets on Thursday, January 23, 2020. …read more […]

(Bloomberg) — Even after more than doubling his Tesla Inc. price target, UBS Group AG analyst Patrick Hummel still recommends that investors sell the electric-car maker.With the shares worth more than twice as much as they were at the beginning of October, UBS’s increased target of $410 is still 28% below the last closing price of $569.56.While Tesla has the potential to become the most profitable original equipment manufacturer (OEM), the positives are “taken for granted” at the current price, according to Hummel, who sees the company’s volumes doubling by 2022.Having the biggest long-term opportunity in autonomous vehicles, Tesla justifies …read more […]

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]

The head of Finland’s state investment firm Solidium criticised Nokia for poor communication on Thursday and said he had sent management some “feisty feedback” after its sudden profit warning in October. “We were very disappointed by the radical change in (Nokia’s) guidance and above all in their communications about it,” Solidium’s Chief Executive Antti Makinen told Reuters in a sharp rebuke to the company from its biggest shareholder. On Oct. 24 Nokia slashed its 2019 and 2020 profit outlook and halted dividend payouts, saying the company would need to spend more to fend off rivals in the fast-growing …read more […]

Treasury Secretary Steven Mnuchin dismissed Thunberg’s call for private and public sector divestment from fossil fuel companies, telling Yahoo Finance at a press briefing, “After she goes and studies economics in college she can come back and explain that to us.” …read more […]

(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.Panic coursed through the world’s second-largest equity market as investors sold stocks on concern a deadly virus will worsen over China’s week-long trading break.The Shanghai Composite Index settled 2.8% lower after the close of trading, the worst end to a Lunar Year in its three-decade history. More than 90% of the mainland’s 4,000 stocks fell on volumes that were 20% above average, with foreign traders selling a record $1.7 billion worth of the shares via links with Hong Kong. The …read more […]

(Bloomberg) — Apple Inc.’s iPhone shipments in India grew 6% in 2019 compared with a 43% decline in the previous year, stabilizing its position in a rare market that still exhibits growth in smartphone demand.Discounting the iPhone XR by $250 in the middle of the year made it Apple’s best-selling phone in the country, according to Counterpoint Technology Market Research. The fall introduction of the iPhone 11, with a reduced starting price, “helped to gain share during the festive season and in its launch quarter in India,” the researchers added.In a country where the annual per-capita income barely exceeds $2,100, …read more […]

(Bloomberg) — For a fresh perspective on the stories that matter in Australian business and politics, sign up for our new weekly newsletter.Stocks, crude oil prices and the yuan slumped on Thursday on concerns about the impact of the new China virus on corporate sales and economic growth. The yen edged up with Treasuries.On the last trading day in China before the nation’s epic travel season for the lunar new year holidays begins, the country’s stocks tumbled about 3%. With China moving to shut down travel in and out of the epicenter of the novel coronavirus, Wuhan, the threat to …read more […]

Crooks want your Social Security number and other personal information to file fake returns so they can to steal tax refunds. …read more […]

(Bloomberg) — China’s Oceanwide Holdings Co. has sold its San Francisco property project for about $1 billion, taking a loss on an ambitious development that was expected to include the city’s second-tallest office tower but has lain idle for months.The Oceanwide Center site, which includes offices, upscale condos and a Waldorf Astoria hotel, faced “huge challenges” on construction and cost controls, the company said in a filing to the Shenzhen stock exchange late Wednesday.It expects to take a loss of about $276 million on the project, it said. The buyer was named as a unit of SPF Capital International Ltd., …read more […]

(Bloomberg) — After spending almost a year at war with some of the biggest names in the financial world, bankrupt utility giant PG&E Corp. has finally got them on its side. Now it just needs to win over California‘s governor.On late Wednesday, California power giant PG&E reached a settlement with a group of noteholders led by bond giant Pacific Investment Management Co. and activist investor Elliott Management Corp., who had repeatedly sought to derail the company’s $46 billion restructuring plan. The deal turns some of PG&E’s most formidable adversaries into backers of its turnaround proposal, bringing the company closer to …read more […]

It’s no secret that energy stocks have struggled this year, but there are some companies that could still have great success …read more […]

(Bloomberg) — Texas Instruments Inc. gave a quarterly sales and profit forecast that was in line with estimates, indicating that demand from electronics makers is poised to improve amid progress resolving the China-U.S. trade dispute.First-quarter earnings will be 96 cents a share to $1.14 a share, on revenue of $3.12 billion to $3.38 billion, the Dallas-based company said Wednesday in a statement. On average, analysts predicted profit of $1.04 a share and sales of $3.2 billion, according to data compiled by Bloomberg.Texas Instruments has the biggest customer list and widest product range in the semiconductor industry, making its earnings an …read more […]

Earnings season is in full swing and several heavyweights are gearing up to report results Thursday including consumer staples giant Procter & Gamble and chipmaker Intel. …read more […]