Trading Ideas

(Bloomberg) — Huawei Technologies Co. will overhaul its management ranks after revenue growth slowed in the latter half of 2019, when U.S. sanctions spooked customers and suppliers around the globe.China’s biggest technology company recorded an 18% rise in sales to 850 billion yuan ($120 billion) this year, down from about 23% in the first half and missing its own internal targets. Huawei should brace for a similar hit in 2020 if the White House maintains curbs on the sale of software and circuitry it needs, like essential Android phone apps, Rotating Chairman Eric Xu said in a Tuesday memo to …read more […]

(Bloomberg Opinion) — It may have been the decade of smartphones, on-demand everything, and Instagram memes, but the prize for the world’s best-performing stock in the MSCI World Index(2) goes to a dairy company in New Zealand.How A2 Milk Co. managed to punch its way to a 16,150% return, in U.S. dollar terms, says a lot about global trends over the past 10 years. That growth now puts it at a market cap of $7.4 billion, a fraction of the $144 billion for Netflix Inc. (which returned 4,000%) but well ahead of comparably sized iconic department store chain Macy’s Inc.Much …read more […]

Let’s talk about the popular Barclays PLC (LON:BARC). The company’s shares led the LSE gainers with a relatively large… …read more […]

Dec.31 — NIO Inc. surged in U.S. trading after the Chinese electric-car maker paired better-than-expected quarterly results with a warning that it’s still running low on cash. China’s electric-car market is slowing as the government reduces subsidies, and competition is getting tougher with Tesla Inc. starting deliveries of its China-assembled Model 3 sedans. Bloomberg China correspondent and anchor Selina Wang has the story. …read more […]

(Bloomberg) — For many Indian tycoons, 2019 turned woeful as lenders — empowered by the nation’s recent bankruptcy law and desperate to clean up soured debt from their books — started seizing assets of delinquent firms or dragged them into insolvency.Indian banks wrote off a record $39 billion of loans in the 18 months through September in a bid to repair their balance sheets as they battled the world’s worst bad debt pile. Making matters worse, a shadow banking crisis led to a funding squeeze, crushing debt-laden businesses that were critically dependent on rollover financing.“Life has come a full circle …read more […]

(Bloomberg) — The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter.The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan. 15 deadline, signaling its intent to make a formal offer, the people said, asking not to be identified as the discussions are private. Hinduja is seeking a partner to bid, one of the people said.Shares of Jet Airways jumped as much as 6.9% in early Tuesday trading in Mumbai. The stock has plunged almost 90% this …read more […]

(Bloomberg) — Oil is poised for the biggest yearly gain since 2016 as fresh geopolitical tensions erupted in the Middle East and as U.S. crude stockpiles are forecast to extend declines.Futures were steady in New York after easing slightly Monday from the highest close in three months. Iran detained a ship carrying smuggled fuel near the Strait of Hormuz following U.S. air strikes on five Iran-backed militia bases in Iraq and Syria. American crude stockpiles are forecast to fall for a third week, according to a Bloomberg survey before government data on Friday.Oil has gained more than 35% in 2019, …read more […]

In a lawsuit filed in Los Angeles federal court on Monday, the companies and two app-based drivers said the law, which would make it harder for gig economy companies to qualify their workers as independent contractors rather than employees, was irrational, vague and incoherent. The office of California Attorney General Xavier Becerra said in a statement on Monday it was reviewing the complaint. The law was signed by California Governor Gavin Newsom in September and has garnered national attention, largely owing to the size of California’s workforce and the state’s leadership role in establishing policies that are frequently …read more […]

Oil prices edged lower on the final day of the year on Tuesday, but were on track for their biggest annual rise since 2016, supported by a thaw in U.S.-China trade dispute and ongoing supply cuts. Brent crude futures for March delivery, the new front month contract, were down 11 cents, or 0.2%, to 66.56 a barrel by 0158 GMT, while U.S. West Texas Intermediate (WTI) crude for February was down 11 cents, or 0.2%, at $61.57 per barrel. Brent has gained about 24% in 2019 and WTI has risen roughly 36% for the year. …read more […]

Asian shares slipped on the last trading day of the decade, echoing falls on Wall Street, as investors locked in gains made since the United States and China reached a preliminary trade deal earlier this month. Early in the Asian trading session, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.39%, its weakest performance since Dec. 4. The White House’s trade adviser on Monday said the U.S.-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Trump or the U.S. Trade Representative. …read more […]

(Bloomberg) — Thousands of people in southeast Australia sheltered on beaches or took to the water to escape wildfires threatening coastal towns as the weeks-long crisis gripping the nation escalated Tuesday.About 4,000 holiday-makers and locals gathered on the foreshore in the town of Mallacoota in Victoria state as an out-of-control bushfire bore down on the remote community. Rural towns further north in New South Wales state are ablaze or under attack from embers, as strong winds fan the flames.“We are surrounded by red sky, choking dust and choking smoke, and embers falling on the town,” resident Francesca Winterson said in …read more […]

(Bloomberg) — The White House’s leading China hawk, trade adviser Peter Navarro, said Monday that a preliminary trade deal with Beijing is completed.“That’s a done deal, put that one in the bag,” Navarro said on Fox News. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will travel to Washington this weekend to sign the accord.Navarro’s affirmation for what the White House has called a “phase-one” trade deal indicates President Donald Trump doesn’t face pressure from his right to negotiate more favorable terms for the U.S. Navarro’s hostility …read more […]

(Bloomberg) — Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional.The lawsuit filed Monday in Los Angeles federal court is a preemptive strike against the state’s landmark measure designed to ensure gig workers receive employment protections. Uber and Postmates argue the legislative process around California’s Assembly Bill 5 unfairly targeted gig economy companies while favoring other industries and that the law will threaten workers’ flexibility.The passage of A.B. 5, which takes effect Wednesday, has set in motion a bitter dispute about the rights …read more […]

Thallium is believed to be operating from North Korea, Microsoft said in a blog post, and the hackers targeted government employees, think tanks, university staff members and individuals working on nuclear proliferation issues, among others. Most of the targets were based in the United States, as well as Japan and South Korea, the company said. Thallium tricked victims through a technique known as “spear phishing”, using credible-looking emails that appear legitimate at first glance. …read more […]

Andrew Bary breaks down Barron’s list of the best stocks in 2020. …read more […]