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Trading Ideas

Sorrento (SRNE) Stock Has Over 700% Upside Potential, Says Analyst

November 25, 2019 admin Comments Off on Sorrento (SRNE) Stock Has Over 700% Upside Potential, Says Analyst

Can you feel the ground moving beneath your feet? Shares of Sorrento Therapeutics (SRNE) skyrocket 70% today after the small drug maker were made an offer they could, apparently, refuse. The biotech announced it received an unsolicited proposal by two biopharmaceutical companies to acquire all the company’s issued and outstanding shares, in cash, for a price between $3 and $5 per share. After consulting with the company’s advisors, the board rejected the offer on the basis the deal significantly undervalued the biotech and would be against stockholders’ interests. Sorrento believes its immuno-oncology products have short- and long-term value and has …read more […]

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Canada's Nutrien to temporarily shut its largest potash mine due to rail strike

November 25, 2019 admin Comments Off on Canada's Nutrien to temporarily shut its largest potash mine due to rail strike

Canada’s Nutrien Ltd, the world’s biggest fertilizer company by capacity, said on Monday it would temporarily shut its largest potash mine due to a railway strike. The strike by some 3,200 unionized employees at Canadian National Railway Co entered its seventh day, leaving more than 30 vessels waiting on Canada’s West Coast. Nutrien said in a statement that it would shut its Rocanville, Saskatchewan mine for two weeks starting Dec. 2. …read more […]

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Taylor Swift wins big at American Music Awards

November 25, 2019 admin Comments Off on Taylor Swift wins big at American Music Awards

Last night was the American Music Awards, and the big winner was Taylor Swift. The singer took home five trophies and was named the AMA’s Artist of the Decade. Swift performed a medley of some of her biggest hits, including songs at the heart of her rights dispute with her former label. Some of the night’s other winners included Billie Eilish and Lil Nas X. Jem Aswad, senior music editor at Variety, is joins Yahoo Finance to break down the night. …read more […]

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Uber Dropped the Ball and Needs to Step Up Its Game in London, Wedbush's Ives Says

November 25, 2019 admin Comments Off on Uber Dropped the Ball and Needs to Step Up Its Game in London, Wedbush's Ives Says

Nov.25 — Daniel Ives, Wedbush Securities managing director of equity research, comments on Uber Technologies Inc. losing its license in London for the second time in less than three years. He speaks with Bloomberg’s Romaine Bostick and Guy Johnson on “Bloomberg Markets.” …read more […]

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Tesla's Cybertruck pre-orders hit 200K, Musk says

November 25, 2019 admin Comments Off on Tesla's Cybertruck pre-orders hit 200K, Musk says

Elon Musk says that Tesla has received 200,000 pre-orders for its Cybertruck. Customers can reserve one of the vehicles with a fully refundable $100 deposit. Prices start at $39,900 for a single-motor version of the pickup, with most orders reserving the triple-motor option that goes for $69,900 according to Musk. Production for the pickup trucks is not expected to begin in late 2022. …read more […]

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Fiat Chrysler has started 90% of planned investments in Italy: executive

November 25, 2019 admin Comments Off on Fiat Chrysler has started 90% of planned investments in Italy: executive

Fiat Chrysler has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on Monday. FCA – which is finalizing merger talks with France’s Peugeot owner PSA to try to create the world’s fourth-largest carmaker – announced last year it would spend 5 billion euros ($5.5 billion) in Italy up to 2021. Gorlier said that despite unfounded speculation, FCA has “consistently confirmed the plan through action, with no delays”. …read more […]