Trading Ideas

Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO – Hong Kong’s second-largest this year – in an unusually brutal shuffling of banks’ roles on a big deal. The Wall Street bank was approached by ESR Cayman and its main backer, Warburg Pincus, in August to develop a rescue plan for ESR’s initial public offering (IPO), according to two sources involved in the transaction, after the industrial property investor was forced to pull its original planned float in June. …read more […]

SoftBank Group Corp. is taking control of WeWork and providing the office-space startup with billions to keep it operating. …read more […]

* Spot gold was unchanged at $1,488.50 per ounce, as of 0125 GMT. U.S. gold futures rose 0.3% to $1,491.30 per ounce. * EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse. …read more […]

Q3 2019 United Parcel Service Inc Earnings Call …read more […]

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

Q3 2019 Cadence Design Systems Inc Earnings Call …read more […]

The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It’s not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month. …read more […]

U.S. technology company Maxar Technologies Inc said it picked software developed by space startup Olis Robotics to run a robotic lunar lander that’s part of NASA’s broader goal of human moon missions by 2024. Seattle-based Olis Robotics is building the robotic arm and accompanying software. …read more […]

(Bloomberg) — The futuristic door handles on Tesla Inc.’s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car.Omar Awan, a 48-year-old anesthesiologist, was driving his leased Tesla in February when he lost control on a south Florida parkway and the car slammed into a palm tree, according to a wrongful death lawsuit filed in state court in Broward County.A police officer couldn’t open the doors because the handles were retracted and bystanders watched helplessly as the car filled with smoke and flames, according …read more […]

Q3 2019 United Technologies Corp Earnings Call …read more […]

Another savory quarter for Chipotle in the books. Yahoo Finance speaks with Chipotle CFO Jack Hartung. …read more […]

Whirlpool Corp on Tuesday reported quarterly sales below analysts’ estimates, hurt by lower appliance sales in Latin America, sending its shares down 2% in trading after the bell. Net sales in the Latin American unit fell 28% to $632 million in the third quarter. Chief Executive Officer Marc Bitzer attributed the decline to the sale of the company’s Embraco compressor business and to a small extent to currency changes. …read more […]

Q3 2019 Ameris Bancorp Earnings Call …read more […]

U.S. prosecutors said on Tuesday they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group, Moelis and Centerview Partners and allegedly booked tens of millions of dollars in illicit profits. The U.S. Attorney’s Office for the Southern District of New York has arrested three members of the international ring and unsealed four separate indictments in recent days. …read more […]

Roku (ROKU) announced it has acquired ad-management platform Dataxu for $150 million. The move should make the digital streamer even more sticky as its competitors attempt to take share away from the fast-growing company.In this article we’ll look at the terms of the deal and what it could mean for the long-term growth prospects of ROKU.TermsRoku entered into an agreement to acquire Dataxu for $150 million in cash and stock. Roku CEO, Anthony Wood, said the “acquisition of Dataxu will accelerate our ad platform while also helping our content partners monetize their inventory even more effectively.”Dataxu offers marketers the ability …read more […]