Trading Ideas

(Bloomberg) — Tesla Inc.’s stock is soaring, and traditional auto manufacturers are staging glitzy presentations of new plug-in models. You’d think the electric-vehicle age was finally dawning.But so far, Tesla is the only car company looking likely to benefit in the coming years. Look at every other corner of the U.S. auto industry — the world’s most valuable automaker, dealers, consumer surveys and market forecasts — and a more ominous picture emerges.A top American executive for Toyota Motor Corp., whose market value is still more than double Tesla’s even after Elon Musk’s epic run, recently warned of electric-car catastrophe. Auto …read more […]

(Bloomberg) — Tesla Inc.’s most bullish Wall Street analyst predicts the dizzying rally in the shares of the electric-car maker will accelerate this year and trade in the $640-to-$960 range in early 2021.New Street Research analyst Pierre Ferragu anticipates the company will sell 2 million to 3 million cars per year after 2025 at industry-leading margins, justifying a market capitalization of $230 billion to $350 billion, or about $1,100 to $1,700 per share.“The stock will remain volatile, as the spread between bull and bear cases remains wide,” said Ferragu, who boosted his price target to a Street high. “And God …read more […]

Yahoo Finance’s Brian Sozzi and Julia La Roche speak with Chairman and Senior Partner of PwC Tim Ryan live at the World Economic Forum in Davos, Switzerland. …read more […]

Greenpeace is calling out one of the biggest names in banking, JPMorgan Chase CEO Jamie Dimon, saying he “doesn’t understand the risk” of climate change. Yahoo Finance’s Julia La Roche and Brian Sozzi talk to Greenpeace International Executive Director Jennifer Morgan from the World Economic Forum in Davos, Switzerland. …read more […]

Yahoo Finance’s Brian Sozzi and Julia La Roche speak with Executive Vice President and General Counsel of the Marsh and McLennan companies Peter Beshar live at the World Economic Forum in Davos, Switzerland. …read more […]

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

(Bloomberg) — McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.The Houston-based company said that it has the support of two-thirds of the holders of its funded debt in a pact that will eliminate more than $4.6 billion of debt by swapping it for equity, according to a statement. McDermott also agreed to sell its Lummus Technology unit for at least $2.725 billion to a joint partnership between the Chatterjee Group and Rhône Group, it said. The company plans to file for Chapter …read more […]

U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. Travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell over 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%. …read more […]

Long term investing is the way to go, but that doesn’t mean you should hold every stock forever. We don’t wish… …read more […]

President Donald J. Trump is addressing the World Economic Forum in Davos, Switzerland on Tuesday, as the U.S. Senate begins its historic impeachment trial of the 45th president. …read more […]

Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]

(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The world’s rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering will be closely watched to see how the global elite aims to tackle issues they helped create, above all climate change.President Donald Trump’s appearance, which comes on the same day his impeachment trial starts in Washington, began with him calling the trial a “hoax” and “disgraceful.” In his speech, he lauded his economic achievements and said the U.S. is “thriving” and …read more […]

Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]

LONDON/BAGHDAD (Reuters) – BP has pulled out of Iraq’s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase its oil output, three sources told Reuters. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country. A senior source at Iraq’s North Oil Company (NOC), which overseas the Kirkuk operations, confirmed BP’s withdrawal. …read more […]

How far off is Exact Sciences Corporation (NASDAQ:EXAS) from its intrinsic value? Using the most recent financial… …read more […]