Trading Ideas

BEIJING/SINGAPORE (Reuters) – Sinopec Corp, Asia’s top refiner, posted a 35% fall in third-quarter net profit versus a year earlier, according to Reuters calculations based on a company filing, dragged down by narrowing refining margins and weaker global oil prices. The decline follows the launch of two privately owned mega-refineries and the expansion of other major refining plants, which added to the fuel surplus in China’s refined oil market, slashing profit margins for oil processors. Sinopec reported 11.94 billion yuan ($1.69 billion) net earnings for the July-September period, down just over a third from the same period …read more […]

Fed Chair Jerome Powell said as much on Wednesday after the central bank cut borrowing costs for the third time since July, saying officials “see now more clearly the effects of more accommodative monetary policy on various kinds of consumer activity.” “You are seeing strong durable goods sales. “More broadly, monetary policy is also supporting household spending and home buying by keeping the labor market strong, keeping workers incomes rising, and keeping consumer confidence at high levels.” Indeed, there is evidence that Powell and his colleagues are not tooting their own horns without some justification. The …read more […]

Q3 2019 Mastercard Inc Earnings Call …read more […]

(Bloomberg) — Samsung Electronics Co. posted better-than-expected earnings and projected a gradual recovery in the memory chip market in 2020 as fifth-generation wireless technology rolls out globally.Shares in South Korea’s largest company climbed as much as 2% after it posted net income of 6.1 trillion won ($5.2 billion) for the September quarter, surpassing the 5.5 trillion won average of projections. Samsung, which reported a 56% slump in operating profit earlier this month, said it expects memory chip demand to gradually climb out of its funk in the fourth quarter and bounce back next year. The company foresees capital spending of …read more […]

Ford and autoworkers union reach tentative agreement in just three days of discussing economic issues after the GM strike ended. …read more […]

The San Jose-based company expects its second-quarter adjusted profit to come in between 45 cents and 65 cents per share, compared with analysts’ forecasts of 75 cents per share, according to IBES data from Refinitiv. After the closing bell of trading on Wednesday, Western Digital posted a revenue of $4.04 billion and adjusted profit of 34 cents per share for first quarter ended Oct. 4, beating analysts’ expectations of $3.93 billion and 30 cents per share. …read more […]

Ford Motor and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors about $3 billion. The union turned to Ford to negotiate a new four-year agreement after ratifying a contract last week with GM following a 40-day U.S. strike that shut down almost all of GM’s North American operations. “The pattern bargaining strategy has been a very effective approach for UAW and its members to secure economic gains around salary, benefits …read more […]

While BHP Group (ASX:BHP) shareholders are probably generally happy, the stock hasn’t had particularly good run… …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […] …read more […]

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]

We can judge whether New Media Investment Group Inc (NYSE:NEWM) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense resources and analytical capabilities working for us than to follow their lead into […] …read more […]

Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […] …read more […]

Investors will be focusing on two big corporate earnings reports from Kraft Heinz and Pinterest Thursday. …read more […]

Q3 2019 MicroStrategy Inc Earnings Call …read more […]