Trading Ideas

Boeing’s 737 MAX took center stage at the Dubai Airshow on Tuesday as the U.S. planemaker prepared to announce orders for dozens of aircraft as it seeks to restore confidence in the jet amid a worldwide grounding, people familiar with the matter said. Boeing was expected to announce the orders, which could be worth $5-6 billion, a day after securing the first firm order for the aircraft since the grounding from Turkey’s SunExpress. Global regulators banned commercial flights of Boeing’s fastest-selling jet in March after two fatal accidents. …read more […]

Year-to-date inflows for fixed income ETFs are a whopping $129.2 billion. …read more […]

Q3 2019 DASAN Zhone Solutions Inc Earnings Call …read more […]

(Bloomberg) — Tata Steel Ltd. plans to axe as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K.About two-thirds of the reductions would be office-based staff, the company said in a statement. Tata Steel — which has steel-making facilities in the U.K. and the Netherlands, as well as other manufacturing operations — didn’t give a detailed breakdown of where the job losses would be made.“Stagnant EU steel demand and global overcapacity have been compounded by trade conflicts, …read more […]

KKR & Co. has tapped Hong Kong’s CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden’s EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said. Working with advisors, private equity group (PE) KKR has reached out to more than a dozen potential buyers as it seeks bids for a deal that could give Goodpack a valuation of at least $2 billion, the sources said. KKR, EQT and Blackstone declined to comment, while there was no immediate response from CK …read more […]

Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. We just published another article about Bill Miller’s comments earlier today. The investment management firm did not have a good third quarter, experiencing a 1.81% decline, while the S&P 500 rose 1.70%. One of the top contributors for the fund over the […] …read more […]

Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation. MSCI’s broadest index of Asia-Pacific shares outside Japan inched 0.2% higher as hopes for stimulus in China lifted Shanghai blue chips by 0.8% and Hong Kong’s Hang Seng by 1%. Japan’s Nikkei, however, shed 0.2% and South Korea’s Kospi 200 dropped 0.3%. …read more […]

Q3 2019 Park Lawn Corp Earnings Call …read more […]

BEIJING/SHANGHAI (Reuters) – U.S. plant-based “meat” makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favourites such as dumplings and mooncakes to nab a share of the lucrative market. China’s meat substitute industry has seen a surge in interest in recent months, with startups, traditional food businesses and investors betting trend-loving Chinese consumers will take to plant-based protein like their U.S. counterparts. A devastating pig disease and bruising Sino-U.S. trade war that have combined to push up meat prices are also playing a role. …read more […]

Hong Kong’s new police chief called for the support of all citizens to end social unrest that has disrupted the city for more than five months, while protesters remained trapped by his officers at a university for a third day on Tuesday. About 200 protesters were still inside the sealed-off Hong Kong Polytechnic University campus, raising fears of bloody clashes with no resolution in sight. China’s top legislature, commenting on a ruling that said a proposed ban on face masks worn by protesters was unlawful, said Hong Kong courts had no power to rule on the constitutionality of …read more […]

(Bloomberg) — Cisco Systems Inc. sued three former senior employees whom it accused of stealing thousands of files containing confidential information when they defected to a competitor.Shortly after resigning their jobs at Cisco this year, the three men joined an unidentified company that competes “in the IP telephony, headset, video, and collaboration space,” according to the complaint.Cisco claims that Wilson Chung, who was one of its principal engineers, downloaded more than 3,000 internal documents containing trade secrets, including information about the company’s contributions to 5G technology and its design specification for a video-conferencing prototype, before he left in February.Chung is …read more […]

“We received an inquiry from the office of the New York State Attorney General and are cooperating in the matter,” a WeWork spokesperson said. …read more […]

(Bloomberg) — The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc. set to beef up capacity at the Hornsdale site in South Australia.The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than A$50 million ($34 million) in its first year of operation.Since its 2017 installation, the battery has helped to stabilize the grid, avoid outages and lower costs by offsetting the intermittency of renewable power generation. That’s helped blaze a trail for …read more […]

Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. The investment management firm did not have a good third quarter, experiencing a 1.81% decline in returns, while the S&P 500 rose 1.70%. OneMain Holdings Inc (NYSE:OMF) and Genworth Financial Inc. (NYSE:GNW) were among the top contributors for the investment management firm. Miller […] …read more […]

Boeing Co this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co, an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday. The meeting on Wednesday and Thursday comes after Southwest Chief Executive Gary Kelly said last month that the airline could look next year at diversifying its fleet beyond Boeing 737 aircraft. Budget-friendly Southwest has structured its business model around flying only 737 aircraft for the past 50 years and bet its entire growth strategy on the 737 MAX, the latest …read more […]