Trading Ideas

Swedish home appliances maker Electrolux posted a slightly smaller-than-expected fall in third-quarter profit on Friday and said it expected to offset stronger headwinds from unfavourable currency swings for the full year. Operating earnings at the maker of appliances under brands such as Electrolux, Frigidaire and AEG fell to 1.19 billion crowns ($123.18 million) from 1.76 billion crowns a year ago, just topping a Refinitiv mean analysts’ forecast of 1.12 billion. Electrolux and U.S. rival Whirlpool Corp have spent the year pushing price hikes and greater efficiency as they seek to cushion the blow from higher raw materials costs …read more […]

Asian shares trod water on Friday as investors awaited key central bank policy meetings next week amid signs of slowing global growth, while sterling extended its slide on a fresh bout of Brexit anxiety. MSCI’s broadest index of Asia-Pacific shares outside Japan was up just 0.05%, having spent the day oscillating between small losses and gains. Europe looked set to be similarly directionless, with pan-region Euro Stoxx 50 futures up 0.06% at 3,613, German DAX futures down 0.03% at 12,864.5 and FTSE futures up 0.11% at 7,312 in early trade. …read more […]

BEIJING/SHANGHAI, Oct 25 (Reuters) – U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended website sales of a less expensive variant of the same model, lacking an autopilot function, it had previously offered at 328,000 yuan ($46,389). Tesla did not respond to an e-mailed request for comment. …read more […]

French automaker Renault’s group revenues fell 1.6 percent in the third quarter, with the company citing reduced production at its partners Nissan and Daimler , and a drop in demand for diesel engines in Europe. The company, which owns 43.4 percent of Japanese manufacturer Nissan , said Renault group revenues were at 11.296 billion euros. The company also said last week its operating margin was set to come in at 5%, versus a previous 6% goal, as it struggles to keep a lid on research and development costs. …read more […]

BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended website sales of a less expensive variant of the same model, lacking an autopilot function, it had previously offered at 328,000 yuan ($46,389). Tesla did not respond to an e-mailed request for comment. …read more […]

(Bloomberg Opinion) — From the Rocky Mountains to the Rhineland and Australia’s Great Dividing Range, the great tide of the coal industry is receding.The entire Powder River Basin, the region spanning the states of Montana and Wyoming that provides about half of America’s thermal coal, is “distressed,” Moody’s Investors Service wrote in a report last week. All companies producing coal there are now focusing on mining coking coal elsewhere in the U.S., the ratings company wrote. Output “will likely fall significantly in 2020,” it said.Energy Information Administration forecasts quoted by Moody’s suggest that production from the Powder River-dominated Western Region …read more […]

Q3 2019 Cleveland-Cliffs Inc Earnings Call …read more […]

South Korea’s transport ministry on Friday said nine Boeing Co 737 NG planes in the country had been grounded after checks found structural cracks requiring repairs. The suspension follows an order from the U.S. Federal Aviation Administration earlier this month for aircraft operators to inspect older Boeing 737 NGs for structural cracks. Boeing on Oct. 11 said inspections of 810 of the planes globally had led to 38 requiring repair. …read more […]

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

Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […] …read more […]

We can judge whether Q2 Holdings Inc (NYSE:QTWO) 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 their best […] …read more […]

After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of June 28. The results of that effort will be put on display in this article, as […] …read more […]

Q3 2019 Blackstone Group Inc Earnings Call …read more […]

Oct.24 — Sanjay Mehrotra, Micron Technology Inc. chief executive officer, discusses the company’s new 3D XPoint memory technology, the tailwinds from the deployment of 5G and Micron’s relationship with Huawei Technologies Co. He speaks with Bloomberg’s Taylor Riggs on “Bloomberg Technology.” …read more […]

Indonesia has recommended closer scrutiny of automated control systems, better design of flight deck alerts and accounting for a more diverse pilot population in the wake of a Boeing Co 737 MAX crash, the Seattle Times reported http://bit.ly/2WbsSYR. The newspaper received an advance copy of a final report on the crash of a Lion Air jet that killed all 189 people on board on Oct. 29, 2018. Less than five months after the Lion Air accident, an Ethiopian Airlines 737 MAX crashed, leading to a global grounding of the model and sparking a corporate crisis at Boeing, the …read more […]